NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS, AS TOLD HERE :- 1.5.11 POST NIFTY BROKEN 3RD WEEKLY SUPPORT { 5467 } ALSO IN INTRA ON THURSDAY AND MADE A LOW OF 5443.65 AND MANAGED TO CLOSE ABOVE 3RD WEEKLY SUPPORT, BUT FAILED TO CLOSED ABOVE 2ND WEEKLY SUPPORT {5586 }BY CLOSING @ 5551.45 . NIFTY STILL BELOW ALL EMA'S { 200 EMA @ 5626.6 } & 150 EMA @ 5670.98 } & { 100 EMA @ 5686.33 } & { 50 EMA @ 5681.43 } &  { 20 EMA @ 5694.98 } ALL EMA'S WILL ACT AS RESISTANCE NOW FOR ANY UPWARD DIRECTION NIFTY, BUT FOR CLEAR TREND OF BULLISHNESS FOR POSITIONAL SHORTS , AS USUAL YOU HAVE TO WATCH PANIC BUTTON ALWAYS. CLICK CHART TO BELOW FOR ALL EMA'S :- 

RSI NOW @ 40.97 STOC NOW @ 11.49 CLICK CHART TO KNOW :-

 PIVOT IS 5529.43 FOR MONDAY TRADING RESISTANCE ARE 5586 - 5621 - 5678 WHERE AS SUPPORTS @ 5494 - 5437 - 5402 , HAVE A LOOK INTO CHART TO KNOW : -

  WEEKLY PIVOT 5590.12  RESISTANCE ARE @ 5736 - 5921 - 6068 WHERE AS SUPPORTS @ 5404 - 5258 - 5073 , HAVE A LOOK INTO CHART :- 

WARNING NOTE :- PANIC BUTTON @ 5655 AS ON 6.5.11 FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL SHORTS GENERATED ON 28.4.2011 AS PER MY 24.4.11 POST   , MOVING ABOVE THIS LEVEL { REVERSE LONG LEVEL }ON CLOSING BASIS WILL START BULLISHNESS AND SHORT COVERING RALLY  AGAIN IN THIS WEEK ON ANY DAY , UPTO THAT DONT WORRY ABOUT POSITIONAL SHORTS :-

 AS PER TIME ANALYSIS ,  REVERSAL WE CAN EXPECT ON THURSDAY 12TH MAY  2011  REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND. WATCH PANIC BUTTON FOR SUPPORT & RESISTANCE MOVING ABOVE PANIC BUTTON WILL CREATE BULLISHNESS AND AFTER MOVING UP, BREAKING PANIC BUTTON WILL CREATE BEARISHNESS, SO, DECIDE UR TRADE LIKE THAT

SENSEX WITH EMA :- 

 SENSEX WITH INDICATORS:-

 SENSEX PP CHART FOR MONDAY :-

 SENSEX WEEKLY PP CHART :-

  18893 IS SL FOR SHORTS GENERATED ON 28.4.2011  , MOVING ABOVE WILL START SHORT COVERING RALLY  & BULLISHNESS  FOR THIS WEEK FOR SENSEX AS ON 6.5.2011 , DONT WORRY ABOUT POSITIONAL LONGS UPTO THAT LEVEL :-