The views expressed are my own based on technical analysis, this is purely for academic purposes only, any positions can only be taken after self-study or consulting an expert financial advisor and considering one's own risk taking capacity. blog author can take no guarantees for accuracy of views expressed or any responsiblity for any loss arising out of actual trade on the views expressed

NIFTY WEEKLY 11 MAY 2015

                      WEEKLY CANDLE  BULLISH ,  SHORT TERM  BOTTEMED OUT

 

NIFTY DAILY 11 MAY 2015

DEAR FRIENDS,

NIFTY SHORT TERM AND LONGTERM OUT LOOK :

LAST TIME SAID BELOW 8250 WE CAN WITNESS 8000-7900 LEVELS,
8000 TGT ACHIEVE

     I  SEE NIFTY DEAD CAT BOUNCE  BECAUSE  UPWARD  CHANNEL IS BROKEN   AND  DOWN CHANNEL  START ..

NOW YOUR SL 7950 AND  BUY NIFTY FUT OR BUY ON DEEPS  CALL 8300 MAY MONTH

ALL CAN  SEE DAILY CHART - SEEN  DOWN CHANEL .

OPPORTUNITY :

FOR  TOP LEVEL SHORT RES 8300-8350,8500-8550,8700 LEVEL SL

8850   ALL KEEP IN MIND SHORT AT RES LEVEL  I SEE MAXIMUM 8700 LEVEL

HISTORY MARCH 2009 TO NOV 2011

 HISTORY :

MARCH 2009 TO NOV 2010 :
NIFTY ACHIEVED 2550 TO 6350  AND THEN DOWNTREND STARTED..

THAT TIME 50 % FROM 6350 IT TOOK SUPPORT AT 4500

AND THEN WE HAVE WITNESSED THE RALLY FROM 4500 TO 9000..

NOW FROM OUR LAST HIGH 9119,,
38 %  SUPPORT AROUND 7600  &
 50 % SUPPORT AROUND 7120 ..

IF 8000 BROKEN THEN THESE ARE POSSIBLE TARGETS