NIFTY 26.03.10

NIFTY DAILY CHART :

"SAME OLD STORY": ONCE AGAIN NIFTY TOUCHED THE LOWER TRENDLINE AND MADE A HIGH OF 5293 ,BUT WAS NOT ABLE CROSS THE LOWER TENDLINE

AS MENTIONED ON 18.03.10 POST NIFTY FACED RESISTANCE 5295 ,NEXT RESISTANCE IS AT 5310

NIFTY 25.03.10

NIFTY DAILY CHART :

RESISTANCE:NIFTY FACED STRONG RESISTANCE TO BREAK THROUGH THE LOWER TRENDLINE OF THE RISING WEDGE (ARROW).

THIS IS THE SECOND DAY IN A ROW WHERE NIFTY WAS NOT ABLE CROSS THE TRENDLINE.

NIFTY HAS STRONG RESISTANCE AT 5270, 5280(MILD),5295 AND 5310

AURION PRO SOLUTION 23.03.10

AURION PRO SOLUTION DAILY CHART :

AS REQUESTED BY SOME OF MY FRIENDS I AM GIVING MY VIEWS ON AURION PRO SOLUTION

RETRACEMENT THEORY: AURION PRO HAS STIFF RESISTANCE AT 323 AND 331 WHICH IS 50% OF THE ENTIRE RALLY FROM 609.90 (4TH JAN 2008) TO 56 (19TH MAR 2009)

VOLUMES: GENERALLY VOLUMES ARE VERY LOW , BUT SINCE LAST MONTH WE HAVE SEEN SPURT IN VOLUMES ON SELECTED DAYS(MARKED WITH ARROWS) (MOSTLY THROUGH BULK DEALS)

RESISTANCE : 325, 331 AND 350

NIFTY 23.03.10

NIFTY DAILY CHART :

NIFTY FACED RESISTANCE AT LOWER TRENDLINE OF THE RISING WEDGE PATTERN AT 5243.(BOX)

ON 23.03.10 NIFTY HAD GIVEN BREAKOUT FROM RISING WEDGE PATTERN BUT IT TOOK SUPPORT AT TRENDLINE DRAWN FROM JAN 2010 (PINK LINE)

NIFTY DAILY 19.03.10

NIFTY DAILY CHART :

RISING WEDGE: NIFTY HAS MADE A STEEP RISING WEDGE PATTERN

THIS PATTERN IS CONSIDERED BEARISH PATTERN

LOWER SUPPORT IN THE TRENDLINE IS AT 5210