last 4 Tuesdays nifty have been very bullish
mondays open are bearish but late recovery was seen near EOD
on mondays nifty could not break above fridays high but on tuesday nifty trade mostly abv fridays high

PROBABLE PATH OF NIFTY IN FEB.2012

ABOVE CHART WAS POSTED ON 16TH DEC 2011 OF A PROBABLE BREAKDOWN FROM HEAD AND SHOULDER PATTERN NEAR 5450 LEVELS...SEEMS NOW NIFTY IF SUSTIANS ABV 5400-5450 RANGE MAY RETEST NECKLINE OF HEAD AND SHOULDER PATTERN NEAR 5740 LEVELS BE4 A BREAKDOWN FOR TRGTS OF NEAR 4100 LEVELS


NEAR 5740 LEVELS COMES CHANELL RESISTANCE AND THAT MAY COME BY 15TH OF FEBRUARY

NIFTY 15MIN CHARTS

NIFTY WOLFE WAVE PATTERN

CHART1

CHART 1 SHOWS A PERFECT COPY BOOK WOLFE WAVE PATTERN IN WHICH NIFTY MADE ITS LOW AT TIME OF INTERSECTION OF TWO TREND LINES AND AT POINT ON LINE JOINING 1AND4


CHART 2
CHART 2 SHOWS A WOLVE WAVE PATTERN EMERGING IN NIFTY DAILY CHARTS IN VERY SHORT TERM WITH TARGETS NEAR 5400 RANGE (DARK PURPLE LINE) AND MAY TOP OUT IN NEXT 6-7 TRADING SESSIONS


CHART3

CHART3 SHOWS A PROBABLE WOLVE WAVE PATTERN EMERGING FOR MEDIUM TERM AND HAS AVERY BEARISH OUTLOOK.POINT6(TRGT) OF CHART 2 CAN BE POINT 5 IN CHART 3(NEAR 5400) AND FROM THERE NIFTY MAY FALL FREELY FOR TRGTS TO BE MET ON BLUE LINE JOINING PTS 1 AND 4 IN CHART2...
MAY TAKE SOME CONSIDERABLE TIME TO ACHIEVE LOWER TARGETS(BOTTOMING OUT PROCESS) AS TREND LINES HAVE VERY LOW INCLINATION AND MAY TAKE CONSIDERABLE TIME FOR INTERSECTION

SUPPORT AND RESISTANCE RANGE IN NIFTY DAILY CHARTS

NIFTY DAILY CHARTS

HAPPY REPUBLIC DAY

जहाँ डाल्-डाल् पर्
सोने की चिड़ियां करती है बसेरा
वो भारत् देश् है मेरा

जहाँ सत्य अहिंसा और् धर्म् का
पग्-पग् लगता डेरा
वो भारत् देश् है मेरा

ये धरती वो जहां ऋषि मुनि
जपते प्रभु नाम् की माला
जहां हर् बालक् एक् मोहन् है
और् राधा हर् एक् बाला
जहां सूरज् सबसे पहले आ कर्
डाले अपना फेरा
वो भारत् देश् है मेरा

अलबेलों की इस् धरती के
त्योहार् भी है अलबेले
कहीं दीवाली की जगमग् है
कहीं हैं होली के मेले
जहां राग् रंग् और् हँसी खुशी का
चारो और् है घेरा
वो भारत् देश् है मेरा

जहां आसमान् से बाते करते
मंदिर् और् शिवाले
जहां किसी नगर् मे किसी द्वार् पर्
को न ताला डाले
प्रेम् की बंसी जहां बजाता
है ये शाम् सवेरा
वो भारत् देश् है मेरा॥।


आओ झुक कर सलाम करे उनको;
जिनके हिस्से में ये मुकाम आता है;
खुशनसीब होता है वो खून जो देश के काम आता है!
गणतंत्र दिवस की शुभकामनाएं!