HI FRIENDS, AS TOLD HERE :- 15.8.11 POST NIFTY CONTINUED ITS DOWN TREND TOWARDS WEEKLY SUPPORTS AS WEEKLY PIVOT { 5074.53 } NOT CROSSED ON ANY SPECIFIC DAY EVEN THOUGH CROSSED IN INTRA DAY ON BOTH TUESDAY { HIGH 5132.2 } CLOSED @ 5035.8 & WEDNESDAY { HIGH 5112.15 } CLOSED @ 5056.6 & THURSDAY { HIGH 5078.6 } CLOSED @ 4944.15 BY BREAKING 1ST WEEKLY SUPPORT { 4944 } IN INTRADAY BY MAKING A LOW OF 4932.15 & DUE TO THAT BROKEN 2ND WEEKLY SUPPORT { 4816 } ALSO ON FRIDAY IN INTRA DAY AS MENTIONED IN TWITTER AS BE READY FOR 4816 ON THURSDAY ITSELF
As told in weekly post broken 1st weekly support today @4944 enjoy upto 4816 , more to come !!!!
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AND ALERTED U ALL ABOUT 200 WEEKLY EMA BREAKING IN MARKET HOURS ON FRIDAY THROUGH TWITTER :-
DETAILED ANALYSIS POSTED AFTER MARKETS ON FRIDAY IN THIS POST :- NIFTY 2 DECADES CHART WITH INDICATORS & EMA
AS OF NOW NIFTY 20 EMA @ 5214.77 & 50 EMA @ 5377.76 & 100 EMA @ 5473.9 & 150 EMA @ 5517.25 & 200 EMA @ 5524.96 WHICH WILL ACT AS RESISTANCE IF ANY UP MOVE FROM HERE, CLICK BELOW CHART FOR ALL EMA'S :-
RSI REACHED OVER SOLD ZONE @ 23.21 & STOC @ 8.52 :-
PIVOT IS 4845.12 FOR MONDAY TRADING RESISTANCE ARE 4894 - 4942 - 4991 WHERE AS SUPPORTS @ 4796 - 4747 - 4699 , HAVE A LOOK INTO CHART TO KNOW : -
WEEKLY PIVOT 4924.65 RESISTANCE ARE @ 5053 - 5260 - 5389 WHERE AS SUPPORTS @ 4717 - 4588 - 4381 , HAVE A LOOK INTO CHART :-
WARNING NOTE :- PANIC BUTTON @ 5092 AS ON 19.8.11 FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL SHORTS GENERATED ON 26.7.11 , MOVING ABOVE THIS LEVEL ON CLOSING BASIS WILL START BULLISHNESS AND SHORT COVERING RALLY AGAIN { REVERSE LONG LEVEL } IN THIS WEEK ON ANY DAY , UPTO THAT DONT WORRY ABOUT POSITIONAL SHORTS :-
AS PER TIME ANALYSIS , REVERSAL WE CAN EXPECT ON THURSDAY 25TH AUGUST 2011 REVERSAL EITHER A HIGH OR LOW WHICH EVER COMES FIRST ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND. WATCH PANIC BUTTON * { STOP & REVERSE LONG LEVEL }FOR SUPPORT & RESISTANCE MOVING ABOVE PANIC BUTTON WILL CREATE BULLISHNESS AND AFTER MOVING UP, BREAKING PANIC BUTTON WILL CREATE BEARISHNESS, SO, DECIDE UR TRADE LIKE THAT
SENSEX WITH EMA :-
SENSEX WITH INDICATORS:-
SENSEX PP CHART FOR MONDAY :-
SENSEX WEEKLY PP CHART :-
16926 IS SL FOR SHORTS GENERATED ON 26.7.2011 , MOVING ABOVE WILL START BULLISHNESS { REVERSE LONG LEVEL }FOR THIS WEEK FOR SENSEX AS ON 19.8.2011 , DONT WORRY ABOUT POSITIONAL SHORTS UPTO THAT LEVEL :-
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