NIFTY VIEW FOR THIS WEEK

HI FRIENDS , 

AS TOLD HERE : - CLICK NIFTY FACING SELLING PRESSURE NEARER TO 5300 LEVEL : - MONDAY HIGH 5260.95 ; TUESDAY HIGH 5243.6 ; THURSDAY HIGH 5267.3 , @ LAST FRIDAY GONE NEARER TO 5300 BY MAKING A HIGH OF 5293.75 .

AS SAID IN LAST WEEK POST : - CLICK , CLOSE ABOVE 5300 FOR 2 DAYS WILL GIVE A RALLY UPTO 5360 - 5400 - 5480 ., AS PER FIBO REACHED 100% RETRACEMENT { FROM 5311 TO 4675.4 FALL RECENT FALL }  . SO, WATCH CLOSE ABOVE 5300 FOR A BULLISH VIEW 

SUPPORT NEARER TO 20 EMA WHICH IS NOW @ 5145.49 , IF IT BREAKS , THEN CORRECTION CAN BE HEAVY UPTO 100 EMA WHICH IS @ 4781.76 , SO, 20 EMA WILL ACT AS SUPPORT IN ANY CASE OF PANIC SELLING 

IF FOOD INFLATION DECREASED ,THEN I THINK RBI WONT ATTEMPT RATE HIKE, THIS IS THE 8 WEEK OF TOTAL RALLY { FROM 4675.4  TO 5293.75   } WHICH CLOSED EVERY WEEK NEW HIGH, SO WE CAN WATCH INDICATORS THIS WEEK FOR ANY NEGATIVE DIVERGENCE , YOU CAN WATCH INDICATORS CHART

EXPECTING GREECE DUBAI RECESSION WILL BE SOLVED SOON, SO, WATCH PIVOTS { ATTACHED WEEKLY PIVOT ALSO } FOR THIS WEEK TO TRADE DAILY ACCORDING TO THE PIVOTS

AS PER TIME ANALYSIS , NEXT REVERSAL WE CAN EXPECT ON THURSDAY 1ST APRIL  2010  REVERSAL  EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND