UPDATE - NIFTY FUTURE WW BULLISH PATTERN FORMATION - NIFTY FUTURE BUY ON CROSSOVER 5320 - EXIT INTRADAY IF CLOSE BELOW 5320 - IGNORE THE PREV POST ON WW BULLISH PATTERN

IGNORE THE PREV POST ON WOLFE WAVE BULLISH PATTERN

NIFTY FUTURE EOD CHART DT 21 JUN 2011 WOFLE WAVE BULLISH PATTERN FORMATION

NIFTY FUTURE BUY ON CROSSOVER 5320 - EXIT INTRADAY IF CLOSE BELOW 5320

IF FAILS TO CLOSE ABOVE 5320 THEN TRY AGAIN IN NEXT ATTEMP

STOPLOSS @ 5180 ON CLOSING BASIS ON NIFTY FUTURE

FOR TGT 5740 -5780 AND TIME FRAME - 20 DAYS

OUR POSITIONAL VIEWS REMAIN THE SAME BULLS HAVE FULL CONTROL

TILL NIFTY SPOT REMAIN ABOVE 5300 ON WEEKLY CLOSING AND WILL TRY FOR LEVELS BTW 5700-5800.

LAST TIME IN MONTH OF FEB 2011 IT HAD BROKERN 5300 LEVEL DURING THE WEEK AND MADE A LOW OF 5177 BUT MANAGE TO GIVE WEEKLY CLOSING ABOVE 5300 AND HAD A G8T UP MOVE RALLY.

IF MANAGE TO CLOSE BELOW 5300 ON WEEKLY CLOSING THEN
WILL FOR TARGET 4775 / 4540 / 4380
STOPLOSS 5610 ON WEEKLY CLOSING
FUTHER CLOSE BELOW 4380 WILL TGT 3900-3700

FOR BREAKDOWN AND BOUNCE BACK ON NIFTY SPOT LEVEL COMES AT 5360 WEEKLY CLOSING - BUT TO IGNORE THE WHIPSAW STICK TO LEVEL 5300 ON WEEKLY CLOSING

IEOD NIFTY SPOT CHART DT 17 JUNE 2011 TILL 12:30 PM

FOR BREAKDOWN AND BOUNCE BACK ON NIFTY SPOT LEVEL COMES AT 5360 WEEKLY CLOSING BUT TO IGNORE THE WHIPSAW STICK TO LEVEL 5300 ON WEEKLY CLOSING

HOWEVER BULLS ARE STILL ACTIVE TILL NIFTY SPOT HOLD 5300 LEVEL ON WEEKLY CLOSING IF HOLD THEN NIFTY WILL BOUNCE BACK MIN AROUND LEVELS OF 5700-5800

IF MANAGE TO CLOSE BELOW 5300 ON WEEKLY CLOSING THEN
WILL FOR TARGET 4775 / 4540 /4380
STOPLOSS 5610 ON WEEKLY CLOSING
FUTHER CLOSE BELOW 4380 WILL TGT 3900-3700

UPDATE - NIFTY SPOT EOD CHART DT 13th JUNE 2011 - INV H&S PATTERN : 5605 AND FALLING WEGDE PATTERN : 5505 - LEVEL TO WATCH OUT 5480 ON NIFTY SPOT ON CLOSING BASIS

NIFTY SPOT EOD CHART DT 13th JUNE 2011

LEVEL TO WATCH OUT 5480 ON NIFTY SPOT ON CLOSING BASIS

THERE IS INVERSE HEAD & SHOULDER PATTERN FORMATION AS SHOWN IN DAILY CHARTS WHERE THE BREAKOUT LINE / LEVELS COMES @ 5605 ON CLOSING BASIS

WHICH WILL TARGET NIFTY SPOT TO NEAR 5880 , SL WILL POST LATER

ONE MORE FALLING WEDGE PATTERN FORMATION ON NIFTY SPOT CHARTS

FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE ABOVE 5505 TODAY 14/6/11

WHICH WILL TGT BTW 5620-5640 BY 22 JUN 2011

STOPLOSS REVISED TO 5480 FROM 5460 ON CLOSING BASIS DT 09/06/2011

BUY TRIGGER ON DT. 27/05/2011 ON CROSSOVER @ 5425

FOR TGT 5530(HIT) / 5640 / 5750 / 5830 ALL TGT INTACT

AS PER FALLLING WEDGE PATTERN ON NIFTY SPOT DAILY CHARTS CONFIRMATION / BREAKOUT HAPPEN ON CLOSE ABOVE 5460 DT 30/05/2011 FOR TARGET : 5830-5860 NEAR 23TH JUNE 2011 +/- 2 DAYS

UPDATE - NEW ROAD MAP FOR COMMING DAYS : NIFTY SPOT EOD CHART - BUY TRIGGER ON FRIDAY ON CROSSOVER @ 5425 - FALLING WEDGE PATTERN : BULLISH REVERSAL - TARGET NIFTY SPOT BTW 5830-5860 : NEAR 23TH JUNE 2011 +/- 2 DAYS

NIFTY SPOT EOD CHART - DT 27/05/2011

BUY TRIGGER ON FRIDAY ON CROSSOVER @ 5425  AS POSTED ON THURSDAY I.E 26/05/2011
BUYING STOPLOSS 5310 ON CLOSING BASIS ON NIFTY SPOT FOR TGT 5530 / 5640 / 5750 / 5860
FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE ABOVE 5425 ON MONDAY ALSO I.E 30/05/11
ELSE ONE NEED TO EXIT LONG AND RE-ENTER SHORT WITH STOPLOSS 5500 ON CLOSING BASIS ON NIFTY SPOT FOR TGT 5310 / 5245 / 5095 / 4985

FALLING WEDGE PATTERN - BULLISH REVERSAL - AS SHOWN IN CHART

FOR CONFIRMATION NEED TO CLOSE ABOVE 5460 ON NIFTY SPOT ON MONDAY I.E 30/05/2011

THE FALLING WEDGE PATTERN WILL TARGET NIFTY SPOT BTW 5830-5860 : NEAR 23TH JUNE 2011 +/- 2 DAYS BUT WILL FACE MINOR RESISTANCE IN BTW AT 55** & 56**

ONE MORE RISE OR SAY INCREASE IN PRICE ALONG WITH VOLUME WILL BE THE CONFIRMATION THAT BULLS HAVE TAKEN

OVER THE CONTROL AS PER SVP CHARTS - HOPE YOU REMB THE SAME "SVP"

HOPE ENJOYED THE GREAT JOURNEY OF NIFTY SPOT FROM 5800 TILL 5328 +++470 POINTS
AND THE EARILER MOVE'S AND THE JOURNEY IS JUST THE PAST & HISTORY ..

WE DO KEEP A TRACK

OM SHRI GANESHAYA NAMAH

NIFTY JOURNEY FROM 5800 TILL 5328 - ALL SHORT ARE SQUARE-OFF - NOW WHAT NEXT ON NIFTY - TO GO LONG OR RE-ENTER SHORT'S - A SMALL ROAD MAP FOR COMMING DAYS - HOPE ALL ENJOYED THE FALL - STILL AS PER CHARTS NIFTY NOT LOOKING GOOD

as had to rush somewhere far off for some urgent legal doc / paper work need to be done.
so could send update during market hours

due to some error and mistake we took and calculated wroug sl @ 5380 as posted yesterday late night

But the positional stoploss level come @ 5425 on nifty spot on closing basis.

NOW AS THE MARKET CLOSED ABOVE 5380 BUT STILL THE LEVEL COMES AT 5245

NOW AS PER 5380 LEVEL ON SPOT ON CLOSING BASIS ALL SHORT HAVE BEEN SQUARE-OFF

HOPE ALL MUST HAVE BOOKED THE REMAINING 20%-30% OF  POSITIONAL SHORT POSITION IN NIFTY

WE HAVE A G8T JOURNEY FROM 5800 TILL 5328 :: HOPE ALL ENJOYED THE FALL

AND THE EARILER MOVE'S AND THE JOURNEY IS JUST THE PAST & HISTORY .. WE DO KEEP A TRACK

TODAY SESSION WAS HIGHLY VOLITAILE DUE TO EXPIRY - BIG SWING CAME IN MARKET ON BOTH SIDES AND AT THE END OF THE DAY GOOD GAME WAS PLAYED BY SMART MONEY WITH MAY 5400 CALL.

NOW WHAT NEXT ON NIFTY - TO GO LONG OR RE-ENTER SHORT'S - A SMALL ROAD MAP FOR COMMING DAYS

NOW 5425 ON NIFTY SPOT ON CLOSING BASIS ABOVE OR BELOW WILL ACT AS VERY IMP LEVEL

STILL AS PER CHARTS NIFTY NOT LOOKING GOOD

ANY SIGNLE DAY OF A BIG OR SMALL JUMP PEOPLE GET EXCITED AND JUMP INTO JOY AND START BUYING - SAYING AAJ YA KAL WHAT EVER MARKET KA BOTTOM LAG GAYA HAI & START BUYING AND THE VERY NEXT DAY END UP WITH SAD FACES AND ALL JOY AND EXCITEMENT GOES AWAY

WE ARE WATCHING AND SAME SINCE 5500-5600 ODDS LEVELS

" CONSIDERING THE RECMD MADE BY MANY MARKET ADVISOR CUM TA's "

BELOW ARE THE TWO SCENARIOS GIVEN 1) FOR SHORT AND 2) FOR LONG

1) NOW AS PER OUR READING ON CHARTS IF NIFTY SPOT FAILS TO CLOSE ABOVE 5425 TOMORROW I.E FRIDAY - ONE SHOULD RE-ENTER THE SHORT POSITION IN NIFTY WITH STOPLOSS @ 5460 ON CLOSING BASIS FOR TGT 5310 / 5245 / 5095 / 4985

FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE BELOW 5425 ON MONDAY ALSO

BUT IF ON MONDAY NIFTY SPOT MANAGE TO CLOSE ABOVE 5425 THEN ONE NEED TO EXIT AND REVERSE FROM SHORT TO LONG POSITION AS PER THE LEVELS POSTED BELOW

2) NOW SUPPOSE IF NIFTY SPOT MANAGE TO GIVE CLOSING ABOVE 5425 TOMORROW I.E FRIDAY
THEN ONE SHOULD GO LONG ON NIFTY WITH STOPLOSS @ 5310 ON CLOsING BASIS
FOR TGT 5530 / 5640 / 5750 / 5860

FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE ABOVE 5425 ON MONDAY ALSO

BUT IF ON MONDAY NIFTY SPOT MANAGE TO CLOSE BELOW 5425 THEN ONE NEED TO EXIT
AND REVERSE FROM LONG TO SHORT POSITION AS PER THE LEVELS POSTED ABOVE

MORE UPDATES ALONG WITH DAILY AND WEEKLY CHARTS WILL BE POSTING THIS COMMING WEEKEND

OM SHRI GANESHAYA NAMAH

NIFTY ROADMAP FOR MONTH OF APRIL - MAY 2011 :: NIFTY SPOT SVP CHART :: LONG TERM VIEW ON NIFTY ::

AS PER SWING VOLUME PATTERN HOPE YOU ALL REMB SVP CHARTS

MARKET IS FALLING DAILY WITH LESSER VOLUME ON DAY ON DAY BASIS

LAST WEEK ALSO VOLUME IN MARKET WERE TOO LOW.
DAILY THERE IS CLEAR FALL IN OI ON NIFTY FUT ... CLEAR CUT PICTURE OF SOME  PROFIT BOOKING AND UNWINDING OF LONG POSITION OF THE RALLY WE HAD FROM 5350 TO 5900


SVP : FALL IN PRICE WITH FALL IN VOLUME A SIGN OF REVERSAL IF 5740 LEVELS HOLD ON CLOSING BASIS


WE HAD A GOOD / FANTASTIC RALLY FROM FROM 5400 AND

AS EXPECTED NIFTY TOOK RESISTANCE AND HIT LEVELS BTW 5910-5950
NOW WHAT WE ARE EXPECTING AND SEE ON CHARTS + DATA

PREV NIFTY FAILS TO GIVE CLOSING ABOVE 5940 AND MANAGED TO CLOSE BELOW LEVEL OF 5875


NOW LEVELS TO WATCH OUT ON NIFTY SPOT ON CLOSING BASIS IS 5740

IF NIFTY FAILS TO HOLD THE SAME THEN MARKET WOULD BECOME BEARISH

WITH MINOR SUPPORT AT 5680 AND WILL TGT TO LEVELS OF 5560 / 5480 / 5370


ON THE OTHER HAND IF NIFTY SPOT MANAGE TO REMAIN ABOVE 5740 ON CLOSING BASIS THEN WE WOULD SEE REVERSAL IN MARKET TILL LEVELS OF 5875-5940
AND ON REVERSAL IF NIFTY SPOT MANAGE TO GIVE WEEKLY CLOSING ABOVE 5940

THEN WE WOULD BE HEADING FOR LEVELS 6170 / 6280


AS PER MONTHLY CHARTS - LONG TERM VIEW ON NIFTY

IF NIFTY SPOT MANAGE TO GIVE MONTHLY CLOSE ABOVE 5940
TGT 1 - 6703 / TGT 2 - 6940 / TGT 3 - 7110
STOPLOSS WILL BE CLOSE BELOW 5600 ON MONTHLY CLOSING

WITH MINOR HURDLE 6280


OM SHRI GANESHAYA NAMAH