NIFTY WEEKLY VIEW

HI FRIENDS , AS TOLD HERE :- 20.6.10 POST NIFTY MOVED NEARER TO MY 3RD TARGET OF 5400 BY MAKING A HIGH OF 5366.75 ON  21.6.10 MONDAY , BY RIDING 300 POINTS GAIN FROM 4987 LEVEL, WE HAVE TO BOOK SOME PROFITS AS CLOSED WELL ABOVE 2ND TARGET ON MONDAY. HOPE ALL BOOKED SOME PROFITS 

PANIC BUTTON MOVED TO { 95 POINTS MORE THAN TOLD IN 20.6.10 POST WEEKLY POST } 5251.17 {PUT SL FOR POSITIONAL LONGS}WHICH TOLD IN THIS WEEKLY POST AS 5156 FOR SL OF LONGS INITIATED @ 150 EMA @ 4980 PUT SL FOR POSITIONAL LONGS, CLICK CHART TO KNOW : - 

20 EMA @ 5198.78 & 50 EMA @ 5152.39 , TO KNOW PRESENT EMA'S CLICK CHART BELOW :- 

RSI @ 57.17 AS SAID IN THIS POST  20.6.10 POST  MOVED TO 70 NEARER BY MAKING 64.53 ON MONDAY WHEN OUR 3RD TARGET OF 5400 NEARING, AND THEN STARTED FALLING, STOC , MACD HISTOGRAM SUGGESTED FOR A FALL WHEN RSI REACHED NEARER TO 70 , CLICK CHART TO KNOW : -

PIVOT IS @ 5280.38   FOR MONDAY TRADING RESISTANCE ARE 5300 - 5335 - 5355

WHERE AS SUPPORTS @ 5246 - 5225 - 5191 , ANY CLOSE BELOW LAST SUPPORT OF 5191

WHICH IS LOWER BOTTOM ALSO CAN CREATE HEAVY SELLING , HAVE A LOOK INTO THE CHART :-

WEEKLY SUPPORTS ARE @ 5228 - 5190 - 5121  WHERE AS RESISTANCES ARE @ 5335 - 5404 - 5442  AS PER PIVOTS , HAVE A LOOK INTO THE CHART : - 

 AS PER TIME ANALYSIS ,  REVERSAL WE CAN EXPECT ON MONDAY 28TH JUNE 2010 IF OPENS LOWER WE CAN EXPECT RECOVERY FROM LOWER LEVELS  ; NEXT REVERSAL IS ON THURSDAY1ST JULY 2010 REVERSAL EITHER A NEW HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND

WARNING NOTE : - ANY CLOSE  BELOW 5250 CAN CREATE HEAVY SELLING ON ANY DAY, SO, PUT STRICT STOP LOSS OF 5250 FOR POSITIONAL LONGS