NIFTY AS ON 8.6.10/ UPDATE AS ON 10.6.10

LOOK AT CHART ATTACHED

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UPDATE AS ON 10.6.10

UPWARD CHANNEL SHOWN IN CHART IS STILL INTACT AND WE ARE MOVING IN 

UPWARD DIRECTION.YESTERDAY'S SHARP DNMOVES CREATED NERVOUSNESS AND 

FEAR THAT SUPPORT AT 4961 MAY BREAK BUT IT SURVIVED AND TODAY ON 

WEAKNESS OF US DOLLAR INDEX EQUITY MARKETS ARE SHOWING STRENGTH.

ON CROSSING 5078 WHICH WAS 61.8% LVL OF LAST FALL AS MENTIONED IN 

INTRADAY CHART WE MAY GET RESISTANCE AT 5105 WHICH IS 76.4% 

RETRACEMENT OF LAST FALL. 

ON CROSSING 5105 NEXT RESISTANCE COMES AT 17150 WHICH IS IMMEDIATE PREV 

TOP AS WELL AS APPRX RESISTANCE AREA  BY BOTTOM TREND LINE OF RISING 

WEDGE.

STOP LOSS FOR LONG POSITIONS AS PER 1-2-3 PATTERN STILL 16544

APPRX STOP LOSS BY UPWARD CHANNEL TREND LINE AT 16700.

STOCKS TO WATCH FOR VERY SHORT TERM LONG POSITIONS:

BHEL/LnT/IFCI/NTPC

METALS HAVE CORRECTED MAXM SO WE MAY SEE MORE PULL BACKS IN METALS 

STERLITE /TISCO MAY SHOW FURTHER UPMOVES IN SHORT TERM

STRICT STOP LOSSES ARE MUST FOR THIS SHORT UPMOVE.

NIFTY INTRADAY 10.6.10 update

LOOK AT CHART ATTACHED

--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.



- Alexander Graham Bell  

NIFTY INTRADAY 10.6.10

LOOK AT CHART ATTACHED

NIFTY FUTURE CHART FROM BLOG OF ILANGOJI

THIS LINK IS FOR NIFTY FUTURE CHART FROM ILANGOJI'S  BLOG.  

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgV26rruVR2GDnjBqRCORAgmi0M6L3SXgu_LwA02qAeg0-O6l5vkq6CUcUWCYzctRnANz_1x-AlJSbCr7Z-cjknn0mx2lYuEemwh-WkpcWk6tVUDSh-AoJXL7oM2EnUlUwE3LCSa-Gmtoc/s1600/0..PNG

INTRADAY OPTIONS AS ON 9.6.10

LOOK AT CHART ATTACHED

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update as on 9.6.10 3.18 pm

we have broken green trend line giving support.

long positions not advisable.

NIFTY AS ON 8.6.10

LOOK AT CHART ATTACHED

US DOLLAR INDEX

LOOK AT CHART ATTACHED.

BUY EXCEL INFO AT 41 FOR LONG TERM

EXCEL INFO IS SHOWING +VE DIVERGENCE IN WEEKLY CHARTS.

BUY IT AT CMP 41. FOR LONG TERM INVESTMENT.

TRENDLINES AS ON 5.6.10

look at chart . it will help to trade in coming days.
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update as on 7.6.10 at 4.30 pm

inverse H n S pattern invalid due to break of neck line today.

due to weak global markets we have corrected and broken rising wedge. we have gone below green trend line that was giving support. now green T line will be giving resistance and lower dark T line will be our support. for tomorrow 5050-5100 will be resistance zone and 4961 is a stop loss for long positions as per 1-2-3 pattern which was last higher low.

MARKET AT A CRITICAL STAGE

OBSRVATIONS;

 

2 CHARTS ARE ATTACHED.

 

POSITIVE:

 

HIGHER LOW HIGHER HIGH SEEN FIRST TIME AFTER CORRECTING FROM TOP IN DAILY CHARTS.

 

INVERSE HEAD N SHOULDER PATTERN WITH NECK LINE AROUND 16971/17000 ZONE

 

NEGATIVE:

 

STRONG RESISTANCE IN MONTHLY CHART

 

100 EMA TESTED TODAY . INABILITY TO CROSS SAME WILL START DOWN WARD MOVES AGAIN.

 

50% RETRACEMENT OF FALL FROM TOP OF 18048 TO 15960 CLEARED AT 17004 ,61.8% AT 17250.

 

TREND LINE IN DAILY CHARTS GIVE STRONG RESISTANCE AT 17400/5200 ZONE.

 

STRETEGY:

 

KEEP STRICT STOP LOSS OF 16544/4961 FOR ALL LONG POSITIONS.