YESTERDAYS COMMENTS AND PERFORMANCE :

YESTERDAYS Predicted Nifty level and Actual levels :

After GAP down Nifty makes low 5253 and the intra day rally up to 5339 [predicted EXACTLY

5336-5349 for intra day] took the support at 5225 [Predicted Trend support for very short term is

5242-5223 EXACTTTTTTTTTTTTTLY] and Rally up 5277 [5277-5282 intra support EXACTTTTTTTTTTTTTTLY
act as a resistance] and closed at 5253. Wait and watch the levels tomorrow, i hope we will get

our target 5169-5153 tomorrow or day after tomorrow.

9th Feb 2011 OHLC : open 5293, High 5339 Low 5225 Close 5253

10th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis /

Technical view of market / Nifty chart /

View of Market :

DJI - http://in.advfn.com/
Closed positive +69, FUTURE flat, SGX NIFTY 5397-10 -
Asian Market - http://finance.yahoo.com/intlindices?e=asia
SGX Nifty -

http://www.sgx.com/wps/portal/marketplace/mp-en/prices_indices_statistics/derivatives/delayed_pric

es/infe

Forth Coming Results BSE NSE : Asian Hotel, Bombay Dyeing, Cairn India, CESC, GSPL, India cements,

IOC, Madras cements, Moser Baer, MRF, United Brew, Kesoram Inds, JSL Stainless


Technical View of NIFTY :

+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].
Negative breakout TGT 5153 almost matched with 23.6% (5161) of FIBO Cycle from 1292-6357.
Trend Line support 5202, Almost major correction in 744 points over, 100 points only lfet to reach

destination.+ve breakout projected trend line coincide with the Support trend line at 5236-5212.

-ve : Sideways, Hold Below hourly EMA.  Closed Below good support 5399, Closed
Below 23.6% (5374) of the swing 2252-6338.  Scam news, ADAG group news and Political instability

 YESTERDAYS COMMENTS AND PERFORMANCE :

YESTERDAYS Predicted Nifty level and Actual levels :

Trend support 5344-5339 [closed below 5339]
Trend resistance 5419-5424 [5432 Actual High]
So 23.6% swing 5374 is a key for further down side. (EXACTTTTTTTTTT)

8th Feb 2011 OHLC : open 5432, High 5432 Low 5303 Close 5312
9th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / Technical
view of market / Nifty chart /
View of Market :

Forth Coming Results BSE NSE : Todys Quartely result : Vishal Exports, Edserv, JCT Electronics,
JBF Industries, Essar Securities, CG-VAK, UB Holdings, Nirma, India securities, GMDC,
Technical View of NIFTY :

+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].

-ve : Sideways, Hold Below hourly EMA.  Closed Below good support 5399, Closed
Below 23.6% (5374) of the swing 2252-6338.

 +ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].  Exactly Nifty has taken the support at previous positive breakout neck line and retracement level 5399. Honour the 61.8% (5374) of Total retracement 4786-6338. So possible for some bounce back from here. The 5400 Put option has witnessed higher Open interest of nearly one crore shares., indicating it to be a strong support in the near term,  So 23.6% swing 5374 is a key for further 

YESTERDAYS PERFORAMANCE


TRADING RESISTANCE 5569-5555 [EXACTTTTTTTTTTT High 5556]
Expect first half -ve, second half +ve [Wrong]


07/02/2011 - TDL Levels
Trade support 5365-5353 Resistance 5399-5407
Trend support 5324-5319 Resistance 5449-5463

 YESTERDAYS COMMENTS AND PERFORMANCE :

YESTERDAYS Predicted Nifty level and Actual levels :

Trade support 5402-5407 [5418 Actual low]
Short covering above 5479 [EXACTTTTTTTTTT to 5532]

3rd Feb 2011 OHLC : open 5430, High 5532 Low 5418 Close 5526

4th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis /

Technical view of market / Nifty chart /

View of Market :

Forth Coming Results : Todys Quartely result : Balrampur Chini, Cipla, Divis Lab, Finloex

Industries, Hindustan Copp, Nagarjuna Constr, Oracle Finance, Suzlon Energy and Titargh


Technical View of NIFTY :

+ve : Exactly Nifty has taken the support at previous positive breakout neck line and retracement

level 5400. Honour the 61.8% (5379) of Total retracement 4786-6338. So possible for some bounce

back from here. Yesterdays breakout's target 5600+. Hold above hourly EMA. wait and watch.

-ve : 23.6% Fibonacci Range 6181-5406 coincide with Elliott Wave target line
at 5569-5573.  Honour previous high 5539 as resistance and close below this level.  Cluster of
resistance above 5550