NIFTY VIEW FOR CRUCIAL WEEK

HI FRIENDS,

BULLISH MORNING STAR IN WEEKLY CHART SUGGEST NO WEAKNESS IN THIS WEEK CLOSE CANDLE , I EXPECT ABOVE 5000 CLOSE ONLY IN THIS WEEK , LET US SEE

AS EXPECTED NIFTY CROSSED MAJOR RESISTANCE 4863 LAST WEEK AND CLOSED WELL ABOVE THAT LEVEL AS SAID HERE IN THIS POST : - NIFTY POST 8TH NOV  

NOW CONSOLIDATION CAN TAKE FOR THIS WEEK BECAUSE CONSOLIDATION NOT TAKEN @ BOTTOM LEVELS @ 4550 , NOW IT IS MUST TO TAKE CONSOLIDATION @ THIS LEVEL TO CONTINUE THE UP TREND , SO, CARRY LONGS AND BE READY TO EXIT LONGS WHEN EVER TRIGGER COMES IF MARKETS GOING INTO NEGATIVE ZONE , WE CAN EXPECT UP TREND IS OVER , IF NIFTY CLOSED BELOW 4850 ON CLOSING BASIS ALTHOUGH MARKETS ARE IN BULLISH ZONE

AS PER TIME ANALYSIS LAST MONDAY & WEDNESDAY GIVEN

REVERSAL AS PER EXPECTATION ON 8TH NOV 09 POST

NEXT REVERSAL WE CAN EXPECT ON WEDNESDAY i,e., {18.11.09} NEXT DAY IS FRIDAY i.e., {20.11.09}TREND REVERSAL CAN TAKE AFTER MAKING A HIGH OR LOW WHICH EVER COMES FIRST AND WILL  START TREND REVERSE IN THE ABOVE DAYS

CLICK LEFT CHART TO KNOW WEEKLY LEVEL & CLICK RIGHT CHART TO KNOW TRADING LEVELS FOR MONDAY {16.11.09)

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