bearish WW charts

posting charts again

nifty views

tomm nifty may move up abv 5651 in  5656-5662 range in first hour of trade
sell 50% near 5660ns with sl abv 5696
if sustains abv 5668 then may move uptill 5684-88 range where it may face channel resistance
where it can be shorted with sl abv 5696 for trgts of 5618-22 range near 2.00pm

bearish expiry targets

if on monday nifty opens flat and after open ns could not break abv 5635-46 range then broader trading range till expiry is 5512-5635
my expiry guess is 5537
with intraday lows of 5512 on expiry day

on monday ns may trade in 5536-5635 range may close near days low
on tuesday ns may again move up towards 5626 levels and close near 5585
wednesday is holiday
thursday is expiry day and views as above
 
just some tukka calculations based on fractals.please dont trade blindly just on abv views

opening on monday will decide niftys fate and moreover news flow in second half may increase volatility



this view is valid only if ns does not break abv 5635-46 range

NIFTY SHAANT HAI ISKA YEH MATLAB NAHI KI
                 WOH SHARP MOVES KARNA BHOOL GAYI HAI


ISKA MATLAB YEH HAI KI WO KISI
          BADE AUR SHARP MOVE KI TALAASH MEIN HAIN

NIFTY VIEWS

world markets are bullish.
On Monday Congress has called all party meeting at 1300hrs..after that meeting only voting will be decided. congress likely to initiate FDI in retail with voting probably on tuesday
disinvestment is going on.
FM Chidambaram is in full mood to complete this task.
also since last few weeks whenever europe and US markets have moved up considerably,asian markets have not followed them but Nikkei is showing something have started cooking in asian markets again.....
may be nifty also see a 100 near points upmove on monday..
res are 5667-5688-5711
fingers crossed

NIFTY AT CROSSROADS....5200 OR 6000

NIFTY VIEWS FOR 19/11/2012-23/11/2012

AS SHOWN ABOVE IN NIFTY DAILY CHARTS

NIFTY AT CHANNEL SUPPORT(PINK AND BLUE LINES)
MAY BOUNCE FROM LEVELS OF 5550

NIFTY NEAR TO SUPPORT IN EXPANDING TRIANGLE FORMATION(VIOLET LINES)
MAY DIP TOWARDS 5520-30 RANGE AND THEN MAY BOUNCE STRONGLY

5422-5527 IS GAP IN DAILY CHARTS

STRATEGY FOR NEXT WEEK:BUY AGGRESSIVELY ON ALL DIPS IN 5550-5530 RANGE WITH SL BELOW 5480
EXPECTING NIFTY TO OPEN WITH POSITIVE BIAS ON MONDAY
MAY DIP NEAR 5550-30  NEAR 1.00-2.00 PM 
EXPECTING TUESDAY AND WEDNESDAY MAY OPEN WITH SMALL GAPUP OPENING

nifty views

tomm nifty may open with negative bias again probably with small gap down
may break below todays low of 5604 also
may get support near 5585-5591 range 

i am expecting 5600-5620-5591-5611-5585 may be path of nifty for tommorow

ISLAND REVERSAL PATTERN

In general terms, island reversal can be defined as a compact trading activity within a range of prices, separated from the move proceeding it; this separation is caused by an exhaustion gap and the subsequent move in the opposite direction occurs as a result of a breakaway gap.

NIFTY VIEWS

 TOMM IF NIFTY OPENS WITH GAP DOWN BELOW 5645 AND DOES NOT CLOSE GAP THEN IT MAY FORM AN ISLAND REVERSAL PATTERN WHICH IS BEARISH FOR FEW DAYS TILL GAP DOES NOT CLOSE...
SELL ON ANY RISE TOWARDS 5643-48 RANGE  WITH SL ABV 5667
BUT WW PATTERN IS INDICATING AN UPMOVE TOWARDS 5698-5707 RANGE IN NEXT 2 TRADING DAYS IS HIGHLY POSSIBLE

DIWALI GREETINGS

This Diwali may the script called LIFE pay u dividends of Joy n Issue Bonus of Good Future. 
May u get all the Rights issue to enjoy Success in Life. Let there be no Volatile Correction in yr Happiness n u hit the Upper Circuit of Prosperity everyday. 
Wish u very very Happy Bullish Diwali n Prosperous New Year

nifty views.......5 min 5 day charts

a bullish WW developing in ns charts
ns may move up again till 5690-94ns levels and then may dip towards 5666-62 range to form pt 5 of WW

trgts 5711(pt 6 of WW) till tomm special session

DOLLAR INDEX CHARTS

DOLLAR INDEX POISE FOR A SHARP FALL TOWARDS 79.5 LEVELS IN 4-5 TRADING DAYS

SL ABV 81.6

nifty views

fractals indicating an up move may be coming of near 400 odd points in NOV-DEC series
 if ns does not close  below 5665ns
keep sl for posnl longs below 5665 on closing basis and start accumulating longs near 5690 and 5670
monday and tuesday may be short trading range days of 25-35 points but with positive bias
on wednesday ns may retest 5665-75 range and then may move up again towards 5812ns till this weekend
may pause for two days again at 5812 and then may give a sharp breakout with a big gapup
for trgts of 5935-6030-6181 till 2nd week of december(or may be nov end also)