SRK TRADING CALLS: NIFTY WEEKLY VIEW & SENSEX CHARTS

HI FRIENDS, AS TOLD HERE :- 17.10.10 POST NIFTY MOVED BELOW 20 EMA ON MONDAY AND PANIC HAPPENED BY MAKING A LOW OF 5985.1 AND MANAGED CLOSED WELL ABOVE 20 EMA BECAUSE MONDAY REVERSAL ; BUT THIS HAPPENED JUST DUE TO MONDAY REVERSAL . AND PANIC CONTINUED ON TUESDAY & WEDNESDAY TOO BY MAKING A LOWS OF 6008.15 & 5966.75 RESPECTIVELY WHICH ARE BELOW 20 EMA { 6045.27 } AND ON WEDNESDAY MADE LOW BECAUSE OF REVERSAL . ON THURSDAY AS I UPDATED IN TWITTER SHORT COVERING HAPPENED AND ON FRIDAY CLOSED JUST NEARER TO PANIC BUTTON AND BROKEN .

AND ITS BEEN BROKEN IN FRIDAY VOLATILE SESSION SO, NOW MAIN SUPPORT IS 20 EMA WHICH IS @ 6047.86 WHICH IS VERY CLOSE FROM CURRENT LEVEL . 50 EMA IS @ 5868.02 TO KNOW MORE ABOUT ALL EMA { 100 @ 5654.29 ; 200 EMA @ 5372.71 } , CLICK BELOW CHART :-

RSI @ 54.89 & STOC @ 26.51 CORRECTION HAPPENED AS TOLD IN LAST WEEK BUT STOC IS OVER SOLD NOW , SO BEWARE OF SHORTS , CLICK CHART TO KNOW :-

PIVOT IS 6076.17 FOR MONDAY TRADING RESISTANCE ARE 6110 - 6155 - 6190 WHERE AS SUPPORTS @ 6031 - 5996 - 5851 , HAVE A LOOK INTO CHART TO KNOW : -

WEEKLY PIVOT 6053.28 RESISTANCE ARE @ 6139 - 6213 - 6300 WHERE AS SUPPORTS @ 5979- 5892 - 5819 , HAVE A LOOK INTO CHART :-

WARNING NOTE :- PANIC BUTTON @ 6079 FOR THIS WEEK WHICH IS NEARER { ALREADY BROKEN IN FRIDAY CLOSING OF 6066.05} AND DECIDING POINT { REVERSE SHORT & LONG LEVEL } FOR EITHER BULLS OR BEARS, ANY MOVE ABOVE OR BELOW WILL DECIDE THE TREND OF THE MARKET FOR THIS WEEK :-

AS PER TIME ANALYSIS REVERSAL WE CAN EXPECT ON 25.10.10 MONDAY ,REVERSAL EITHER HIGH OR LOW WHICH EVER COMES FIRST AND REVERSE THE EARLIER TREND ,NEXT REVERSAL IS ON 29.10.10 FRIDAY

SENSEX WITH EMA :-