NIFTY 02/10/10

Sorry for not updating the blog as was busy with an important project .

WEEKEND EDITION

QUARTERLY CHART :

NIFTY 12.09.10

WEEKEND EDITION

NIFTY WEEKLY CHART 

RESISTANCE:  "5677" IS AN IMPORTANT LEVEL FOR NIFTY  WHERE IT WILL  FACE RESISTANCE  

THE ABOVE HORIZONTAL LINE IS A  CLASSIC EXAMPLE OF SUPPORT BECOMING RESISTANCE WHEN  INDEX STARTS TO MOVE UP

NIFTY 12.09.10

WEEKEND EDITION

NIFTY DAILY CHART :

FIBO LEVELS:  IF WE TAKE THE RECENT FALL IN THE NIFTY FROM 5550 TO 5348 AND CALCULATE THE  FIBO LEVELS  , WE ARRIVE AT VERY IMPORTANT LEVELS WHERE NIFTY WILL FACE RESISTANCE


AT 161.8% RETRACEMENT OF THE ABOVE MENTIONED LEVELS COMES AT 5675 WHICH WILL ACT AS STRONG RESISTANCE

NIFTY 04.09.10

NIFTY DAILY CHART

NIFTY 04.09.10

NIFTY DAILY CHART 

TRENDLINE : THE ABOVE TRENDLINE IS FROM  JAN'10 HIGH (5310) CONNECTING APRIL '10 HIGH (5400) TILL AUG'10 HIGH ( 5499) WHICH UPON EXTENSION WE CAN SEE NIFTY MIGHT FACE RESISTANCE AT 5570


VOLUMES : VOLUMES HAVE BEEN DECLINING BETWEEN THE PERIODS AS MENTIONED  ABOVE

NIFTY 04.08.10 (A)

WEEKEND EDITION

NIFTY DAILY CHART 


TRENDLINE:  IN THE ABOVE CHART  THE TRENDLINE IS  FROM JAN '08 HIGH ( 6357) TO AUG'10 HIGH (5549)  WHICH UPON EXTENSION WE CAN SEE NIFTY WILL FACE RESISTANCE 5540