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We appreciate your chart reading techniques. Really superb !
Nabeel ji,
Don't even think of it, because nifty broke the swing low of 5348 today,which means we may head to next swing low of (5210-5234) range,now 5348 will act as resistance,ifatall nifty bounces tommorow it will be limited to 5348 only,so if you want to take risk take it with today's low as sl.
This message was posted yesterday at 3.26pm,look today nifty spot made a high of 5340 (my resistance was 5348) and fell like a pack of cards only to get support at my range of (5210-5234).This is simple reading of charts.
From : Mrs Gopal Vadivukkarasi at 07:47 AM - Jan 11, 2011 (28 days ago)
I am posting this message for information only and not to scare anybody here (TECHNICAL VIEW ONLY).
Mukund ji,
On friday I told to go long which was a risky call because the main trend is down,nifty is clearly in sell on rise market untill it closes above 5607 this week.
From : Mrs Gopal Vadivukkarasi at 07:11 AM - Feb 08, 2011 (8 hours ago)
From : Mrs Gopal Vadivukkarasi at 07:47 AM - Jan 11, 2011 (28 days ago)
I am posting this message for information only and not to scare anybody here (TECHNICAL VIEW ONLY).
Suppose if nifty spot breaks 5690 and closes below it you will watch real panic of your lifetime.
According to "123 pattern",if nifty spot breaks 5690 it should target 5200/5133
This message was posted on Jan 11th,there is still possibilities of testing these levels in coming days,some crucial supports inbetween are at 5234 and 5154.
Do your own analysis before following me,no one will be 100% perfect in predicting Indian markets (Operator driven)
Mukund ji,I think you are not reading all my posts,the above 2 posts gives you valuable information of the main trend and the possible targets.I am just posting my views only,you should do your analysis and take action on intraday,because I willnot be available all day to give you live calls.Sell on rise which I told you yesterday 3.00pm post.
R/MADAM,YOUR VIEW ON NIFTY BEFORE 3.30PM PLEASE.YOUR STOPLOSS 5369 IS TRIGGERED AFTER 60 POINTS GAIN THAT IS UPTO 5440.NOW WHAT NEXT ,CAN WE READY FOR 5234 OR ANY PULL BACK.UPDATE PLEASE.
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