NIFTY 07.05.10

NIFTY DAILY CHART: TODAY NIFTY MADE A LOW OF 4984 WHICH WAS THE LEVEL MENTIONED IN MY PREVIOUS POST (i.e 4980)

TRENDLINE SUPPORT: AT 4984 NIFTY HAD TRENDLINE SUPPORT FROM WHERE IT HAS GIVEN BOUNCE AND CLOSED AT 5018

LEVELS TO WATCH: 4985 (IMP) 4960( 200 DMA) , 4953 ( V .IMP 61.8% FIBO LEVEL )

200DMA : NIFTY HAS CRUCIAL SUPPORT AT 4960 WHICH IS 200 DMA

NIFTY 06.05.10

NIFTY DAILY CHART : NIFTY MADE A LOW OF 5040 TODAY WHICH WAS ONE OF THE LEVELS MENTIONED IN MY PREVIOUS POST

FOR TODAY LEVELS TO WATCH OUT:

SUPPORT : 4980 (IMPORTANT) 4950 (V.IMPORTANT)

NIFTY 05.05.10

NIFTY DAILY CHART : AS MENTIONED IN MY PREVIOUS POST 5125 WOULD BE CRUCIAL LEVEL , WHICH WAS SEEN TODAY AND NIFTY CLOSED AT 5125

SUPPORT LEVELS ARE 5100 , 5040 AND 5020

RESISTANCE : 5150 , 5173 AND 5182

NIFTY 04.05.10 (B)

NIFTY WEEKLY CHART:

MOVING AVERAGE: NIFTY FOUND SUPPORT AT 20 DAY WEEKLY MOVING AVERAGE(WMA) AT 5134

SUPPORT: 5125 (V IMP) , 5100 AND 5040

NIFTY 04.05.10

"CARNAGE ON THE STREET"

NIFTY DAILY CHART: AS SEEN ABOVE NIFTY CLOSED AT 5148 WHICH IS A CRUCIAL LEVEL WHERE ON PREVIOUS 2 OCCASION("UP" ARROW) NIFTY HAD FACED RESISTANCE WHICH HAVE BECOME SUPPORT TODAY