Monday, November 30, 2009

NIFTY VIEW FOR CRUCIAL WEEK & TRADING IDEAS FOR 30TH NOV 09



Hi friends
AS PREDICTED NIFTY CUT 20 EMA AND WELL 50 EMA
AND TAKEN SUPPORT @ 70 EMA @ 4827.16 AND REVERESED
WELL AS FRIDAY REVERSAL { AS TOLD HERE

: - FRIDAY REVERSAL } HAPPENED WHICH IS GIVEN STRAIGHT

140 POINTS UP AS PER TIME ANALYSIS AND ALSO HAPPEND IN TREND
CHANGING TIME , NOW SUPPORT SEEN 4920 FOR POSITIONAL BECOZ TRIPLE
BOTTOM FORMATION HAPPENED @ THIS LEVEL IN CLOSING LEVELS,IF THIS BREAKS
IN CLOSING , GATES OPEN FOR BIG CORRECTION AS ALL EXPECTING ON DUBAI CRISIS
IN THE SAME WAY BROKEN DOWN SIDE RESISTANCE LINE SHOWING NO MORE UPSIDE LEFT AS TOLD ALREADY 5050 BELOW EXIT IN ALL LONGS , THE RECOVERY SEEN IN FRIDAY SHOWING THAT SOME CONSOLIDATION CAN TAKE PLACE IN THIS WEEK ON DUBAI CRISIS, LET US SEE WHAT HAPPENS

As mentioned on last sundday, i.e on 22nd Nov,  - on the predicted reversal day of 23rd Nov, Monday, Market has seen a high first and then saw a correction.
- Again on next mentioned reversal day of last Friday .i.e. on 27th Nov, market has seen a low, and then a strong uptrend


NEXT REVERSAL DAY :- WEDNESDAY i.e., 2nd DECEMBER IS LIKELY TO BE NEXT REVERSAL DAY FOR THIS WEEK , EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND ; NEXT FRIDAY ( 4TH DEC) IS LIKELY TO BE THE NEXT REVERSAL DAY


TREND CHANING TIMINGS ARE 11.35 AND 2 PM FOR FRIDAY TRADING
AND YOU CAN SEE IN BOTH TIMING NIFTY TRADED @ 4863 EXACTLY
AND IN BETWEEN THESE TWO TIMINGS FORMED A SAUCER FORMATION
FOR AN UPMOVE IMMEDIATELY TO HIGHER LEVELS

What happen on friday and what will happen for today ,click on charts to know more



FOR TREND CHANGING TIMINGS WILL UPDATE IN CHAT BOX IN LIVE MARKETS







regards
rajesh.saladi

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