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)