NIFTY 31.05.10( A)

NIFTY DAILY CHART :

100 SMA : NIFTY MADE A HIGH OF 5098 WHERE IT FACED RESISTANCE AT 100DMA( DAY SIMPLE MOVING AVERAGE)

NIFTY 28.05.10

NIFTY DAILY CHART:

100 E MA: NIFTY FACED RESISTANCE AT 100 EMA AT 5077 , WHICH INCIDENTALLY  IS TODAY ' HIGH

NIFTY 28.05.10

NIFTY DAILY CHART:

BIG FIBO LEVELS: ON 25th MAY 2010 NIFTY MADE A LOW OF 4986 WHICH IS 61.8%  SUPPORT OF THE ENTIRE RALLY FROM 6357 ( ALL TIME HIGH ) ON 8th JAN 2008 TO 2252(ALL TIME LOW) ON 27th OCT 2008

APOLLO TYRE 27.05.10

APOLLO TYRE DAILY CHART :

NIFTY 25.05.10

NIFTY DAILY CHART :

TRENDLINE : NIFTY HAS TAKE SUPPORT AT THE TRENDLINE WHICH STRETCHES FROM NOVEMBER 2008 TILL DATE

NIFTY 24.05.10

NIFTY DAILY CHART:

50% RETRACEMENT: NIFTY HAS RETRACED 50% OF THE RALLY FROM 5212(13th MAY ) TO 4842 (21st MAY ) AT 5029  WHCIH WAS TODAY'S HIGH


RESISTANCE: 5055 ,5072 AND 5095

NIFTY 21.05.10

NIFTY WEEKLY CHART :

"TOLD YOU SO" : IN MY PREVIOUS POST I HAD MENTIONED NIFTY HAS CRUCIAL SUPPORT AT 4850 , AND TODAY NIFTY MADE A LOW OF 4842 WHICH WAS CLOSE TO LEVELS AS MENTIONED


LEVELS TO WATCH : 4850 & 4745