NIFTY 30 MINUTE AND 10 MINUTE CHARTS

two possibilities of niftys journey for tomorrow:
(1)if could not cross above 6047 in first 15 min then
6046-5996-6024-5980-6010

(2)if could not cross 6047 and does not dip below 6020 then may see sharp upmove for trgt 6085 till eod,

nifty forming an inverted head and shoulder pattern

if nifty moves up again towards 6070-80 will form an inverted head and shoulder pattern with neckline in 6080-6090 range,if breaks above it and sustains may see targets of 6210-6220 soon

tomorrow nifty may open with positive bias and may trade in 6065-6015-6085 path

NIFTY 30 MINUTES AND 10 MINUTES CHARTS

NIFTY 10MINUTE AND 30 MINUTE CHARTS

NIFTY CAN BE SHORTED ON ANY UPMOVE TILL 5985-5995 LEVELS WITH SL ABOVE 6005 FOR TARGETS 5950-5920-5890....FALL MAY START AFTER 12:30PM...

WEAKNESS WILL START WHEN AND IF NIFTY TRADES BELOW 5963 FOR LOWER LOWS

Nouriel Roubini

No defence left against double-dip recession, says Nouriel Roubini

The US has run out of bullets,” said Nouriel Roubini, professor at New York University, and one of a caste of luminaries with grim forecasts at the annual Ambrosetti conference on Lake Como.

“More quantitative easing (bond purchases) by the Federal Reserve is not going to make any difference. Treasury yields are already down to 2.5pc yet credit spreads are widening again. Monetary policy can boost liquidity but it can’t deal with solvency problems,” he told Europe’s policy elite.

Dr Roubini said the US growth rate was likely to fall below 1pc in the second half of the year, despite the biggest stimulus in history: a cut in interest rates from 5pc to zero, a budget deficit of 10pc of GDP, and $3 trillion to shore up the financial system.

The anaemic pace compares with rates of 4pc-6pc at this stage of recovery in normal post-war recoveries.

“We have reached stall speed. Any shock at this point can tip you back into recession. With interbank spreads rising, you can get a vicious circle like 2008-2009,” he said, describing a self-feeding process as the real economy and the credit system hurt each other.

“There is a 40pc chance of double-dip recession in the US, and worse in Japan. Even if it is not technically a recession it will feel like it,” he added.

source:http://www.telegraph.co.uk/finance/economics/

THE BIGGEST BEAR MARKET IN 300 YEARS?

Robert Prechter at Elliott Wave International thinks we’re on the verge of the “biggest bear market in nearly 300 years”. Prechter, who believes the market moves in predictable waves, says the long-term pattern is one of dramatic upward trends with severe corrections inbetween. He provides the following chart to show the very long-term trend in stock prices. Prechter believes the current downtrend is simply the beginning of a much more dramatic move that mirrors past market declines. Based on this data the market is well overdue for a sizable correction:

source:http://pragcap.com/the-biggest-bear-market-in-300-years

NIFTY DAILY CHARTS

NIFTY 10 MIN AND 30 MIN CHARTS

NIFTY 30 MINUTE AND 10 MINUTE CHARTS

NIFTY 30 MINUTE AND 10 MINUTE CHARTS

CUP AND HANDLE CHARTS OF NIFTY

NIFTY DAILY CHARTS

NIFTY 10 MINUTE AND 30 MINUTE CHARTS

NIFTY 30 MINUTE AND 10 MINUTE CHARTS

NIFTY DAILY CHARTS