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LAXMAN REKHA FOR NIFTY (ANANT ARORA)
| From : Anant Arora at 09:16 PM - Feb 04, 2012 ( ) |
Share it on FacebookDEAR ALL,
AS WE KNOW THAT I M ZERO TECHNICAL ANALYST
AS PER MY STUDY LAXMAN REKHA FOR NIFTY
1- 5360
2- 5399
NIFTY P&F PATTERN COMFIRMED ... DOUBLE TOP BREAKOUT ...
AS I LOOKING SUPPORT - NEAR 5150-5169 LEVELS
AS I ALREADY MENTION IN PREVIOUS THREAD OF NIFTY CHART --- SLOW LADDER PATTERN FOR UPMOVE (WAS TGT - 5360)
http://www.mudraa.com/trading/117905/0/nifty-chart-of-10-years-anant-arora.html
ALMOST TGT ACHIVED (NIFTY FUT ) 5357.
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Target for long was at 5435 spot. Today nifty spot touched 5420.80. So nifty squeezed all the juice left in the market. Now the down trend will start. If the most i feel nifty may go up till 5430-5450 levels. Let us see tommorrow.
Sir Ji Today I bought 5500CE at the end ... what would be the target for NIFTY FUTURE in this expiry?
VERY NICE PREDICTION JI...........
HOPE SOME FRIENDS GOT PROFIT.........
KEEP IT UP
Thanks Anant ji for sharing your views. Your previous anlaysis was very good.
Siddharth Bhai, these so called "Market experts" have created sach a hype of this rally that now every small investor wants to buy stocks at any price due to "left out" feeling. The trap is completely set now just wait and watch when "Flow of bad news" from Europe and "Bad data" from USA will start coming, giving an excuse for selling.
IN MY OPINION, MARKETS WILL NOT MOVE UP SIGNIFICANTLY FROM HERE.....
THIS RULING OF THE COURT WAS EXPECTED AND THE MARKETS HAVE ALREADY FACTORED THIS AND HENCE MOVED UP SIGNIFICANTLY IN THE PAST FEW DAYS IN ANTICIPATION OF TODAY'S VERDICT....
WE MAY SEE SOME UPWARD MOVEMENT ON MONDAY MORNING....HOWEVER, THE MARKET IS NOW HIGHLY OVERBOUGHT AND WE COULD WITNESS SHARP PROFIT BOOKING IN THE NEXT WEEK....
AS PER OPTIONS BUILD UP 5200 IS A STRONG SUPPORT ZONE FOR THE COMING WEEK....5400 LEVEL IS A STRONG RESISTANCE FOR THE MARKET AND NIFTY MUST BREAK AND STAY ABOVE 5400 CONVINCINGLY FOR CONFIRMATION OF FURTHER UPMOVE....
I WOULD ADVISE ALL LONGERS TO BOOK PROFITS AT THESE LEVELS.....WE CAN SEE A SHARP DOWNWARD MOVEMENT ANYTIME AND THAT COULD GIVE AN OPPORTUNITY TO RE-ENTER....
Once NF will show above 5400 then downword movement & can see 5110
Megharaj Bhai, frankly speaking I am hearing this since 5000, like "Nifty cant cross 5100, stiff resistance" then "Too difficult to cross and even sustain above 5210 levels" then next, "After 5300, selling will come and that will drag Nifty to 5010-5100 level" Now a days, I dont believe those so called resistnace level bze FII are doing a simple thing, they just break these levels with buying and 2-3- minutes after that, short covering and fresh buying add more 40-50 points easily.
Once NF will show above 5400 then downword movement & can see 5110
THANKS ABHIJIT BHAI JI FOR BEST COMMENTS....AND THANKS RAKESH JI
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