NIFTY 09.01.11

NIFTY DAILY CHART :

MOVING AVERAGE: NIFTY MADE A LOW OF 5883 WHICH WAS AT  THE 100 EMA AND CLOSED AT 5904  DOWN 143 POINTS

WHAT NEXT:  NEXT SUPPORT ARE AT 5845 AND 5815

NIFTY DAILY 10.11.09

NIFTY DAILY : NIFTY IS FACING RESISTANCE AT 4940 AND 4950 WHICH IS THE 61.8% RETRACE OF THE RECENT DOWNFALL .

RETRACEMENT LEVELS ARE FROM 5181 (20TH OCT) TO 4538 (3RD NOV)

NIFTY SPOT 22.10.09

NIFTY DAILY CHART : THE ABOVE CHART IS SPOT NIFTY DAILY CHART WHICH SHOWS WHERE NIFTY HAS TAKEN SUPPORT AT VARIOUS POINTS ON THE TREND LINE( SHOWN WITH ARROW)

BUT TODAY THE TREND LINE WAS BROKEN AT AROUND 5060 WHICH IS BEARISH SIGNAL.

NEXT SUPPORT FOR SPOT NIFTY IS AT 4950 AND AFTER THAT 4925

NIFTY DAILY CHART 7.10.08

NIFTY DAILY CHART : ON 6TH OCTOBER 2009 SPOT NIFTY HAD TAKEN SUPPORT AT 21 DAY EXPONENTIAL MOVING AVERAGE WHICH IS VERY CRUCIAL LEVEL AT 4921