HI FRIENDS, AS TOLD HERE :- 24.7.11 POST NIFTY WENT TO 1ST WEEKLY RESISTANCE { 5675 } ON MONDAY AND CLOSED ABOVE , BUT DIFFICULT TO CROSS 2ND WEEKLY RESISTANCE AND FAILED TO CLOSE ABOVE 1ST RESISTANCE ON 2ND CONSECUTIVE DAY ON TUESDAY AND SHORTS GENERATED ON SAME DAY ACCORDING TO OUR PANIC BUTTON { 5590 } UPDATE. AS A RESULT NIFTY BROKEN ALL EMA SUPPORTS ON WEDNESDAY AND CLOSED @ 5482 BY THE WEEKEND BY MAKING A LOW OF 5453.95 NEAR TO 3RD WEEKLY SUPPORT { 5449 } . AS OF NOW NIFTY 50 EMA @ 5555.69 & 20 EMA @ 5563.08 & 100 EMA @ 5577.02 & 200 EMA @ 5579.51 & 150 EMA @ 5590.66 WHICH WILL ACT AS RESISTANCE IF ANY UP MOVE FROM HERE, CLICK BELOW CHART FOR ALL EMA'S :-
RSI @ 43.99 & STOC @ 12.11 :-
PIVOT IS 5485.42 FOR MONDAY TRADING RESISTANCE ARE 5516 - 5551 - 5583 WHERE AS SUPPORTS @ 5450 - 5419 - 5384 , HAVE A LOOK INTO CHART TO KNOW : -
WEEKLY PIVOT 5546.07 RESISTANCE ARE @ 5638 - 5794 - 5886 WHERE AS SUPPORTS @ 5389 - 5297 - 5141 , HAVE A LOOK INTO CHART :-
WARNING NOTE :- PANIC BUTTON @ 5558 AS ON 29.7.11 FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL SHORTS GENERATED ON 26.7.11 , MOVING ABOVE THIS LEVEL ON CLOSING BASIS WILL START BULLISHNESS AND SHORT COVERING RALLY AGAIN { REVERSE LONG LEVEL } IN THIS WEEK ON ANY DAY , UPTO THAT DONT WORRY ABOUT POSITIONAL SHORTS :-
AS PER TIME ANALYSIS , REVERSAL WE CAN EXPECT ON WEDNESDAY 3RD AUGUST 2011 REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND. WATCH PANIC BUTTON * { STOP & REVERSE LONG LEVEL }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 PP CHART FOR MONDAY :-
SENSEX WEEKLY PP CHART :-
18488 IS SL FOR SHORTS GENERATED ON 26.7.2011 , MOVING ABOVE WILL START BULLISHNESS { REVERSE LONG LEVEL }FOR THIS WEEK FOR SENSEX AS ON 29.7.2011 , DONT WORRY ABOUT POSITIONAL SHORTS UPTO THAT LEVEL :-
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