week 20-06-2011 --- 24-06-2011

Some days before, when NF break and close below RSV-3...it not stopped and continuously
going down side. Last Friday after 1.00pm, i was thinking that, it can go up side few from Monday...but break down all supports.... and now immediate short term bull run is not possible
now before 5150 or 5045 at-least ..i think...its now sell on rise...
Today it cover-up nicely from today's low....and thinking can go up few also..

Now if NF can cross above 5318-5320 and can trade above this, then can test the resistance
at 5340-5355.
And during this period, if any hourly bar can close above 5332...then can try to cross the
hurdles 5355-5385. If can cross this then...5441-5462...

If NF not able to cross 5318-5320 or not sustain above this.......then again fall start...

Lets see..........




All levels and charts are for my own trading purpose,target,support,resistance. Others can use it for educational purpose.

Mid week update

NF not sustain above 5500..and approaching towards our down side target....

Nearest support is at 5398, then 5382.....and 5381..

If break and trade below 5381..then can test 5369..5352...

Nifty future break and close below our Day(main) SAR line...RSV line 3 (three black line last one down side) on 15/06/2011 and trading well below this line..

I am deeply concern about this..

It is really a deep bearish view for short term.........For bullish view...it should close above RSV line 1 (three black line..top one)

If it fail to close above RSV line 1.....then fall will continue..........as of now it looks like bearish trend.....

Today(16-06-2011) Day RSV-line's are at ----

Line 1 --- 5491

Line 2 --- 5479

Line 3 --- 5469

Lets see......

All levels and charts are for my own trading purpose,target...support..resistance....Others can use it for educational purpose.

Weekly view.........13-6-11 ----------- 17-6-11

As I was expecting, fall was not complete and few fall was left. Still few down side left also.
At once, if can go above 5490..then probably can go towards hourly high Ema 5499-5500.
Strong up side Resistances in between 5499-5501-5502-5503-5505-5508.
So, I think at once NF will not sustain above these Resistances..because i think few down
side left yet.
And Down side ..NF can fall up to
(1) 5434-5430-5427. And below this can fall up to
(2) 5393-5383-5381.

And expecting can bounce back from any of these area. If can bounce back from any of these
are, means, from (1) or (2)...then a Inverse H&S pattern can form...and above 5604 or 5614,
it will trigger.
A H&S pattern also already formed....now have to see, which way NF will go.......check the
chart below for H&S pattern and Inverse H&S pattern..


Now..Through EW analysis .......Just point out two pattern....two simple pattern, not going for complicated once....only for Reference and probable path.. NF can go next.

This EW count is bullish....up to very short term......and after this main "B" wave, a big fall will unfold towards 4800 level.
And this "B" wave can unfold to which level, will check it..but let it confirm first.

And the second one is ------

This EW count is bearish....and can unfold towards 4800 level..
But this wave count can unfold, if NF break 5330 and trade below 5300....

Summery-- As of now, I am expecting first EW count, means, bullish count. But market is
always supreme, and it will decide the next very short term move..
Will watch and act according to that.

Lets see.............








All levels and charts are for my own trading purpose,supports,resistance and target. Others can use it for educational purpose.

weekly View...6-6-2011 --- 10-6-2011.

AS of now its looks like NF bounce back up side due to hourly OB. And as of now i am thinking
fall is not complete yet, some more fall is on the card.
In the above chart, the low point from NF bounced back is 5330.
Any hourly close above 5570...can stop this fall and can reverse at-once.

And Once it break and trade below 5535......again fall will start...

I think NF can fall up to 5380-5385-5386-5387...5390-5391.....and bounce back...
And if 5380 break then again have to check...
And in that case 5330 should not break,, then only NF can bounce back from any low point
and can start a small bull run.

Lets see...........

Again will post in Mid-week.






All levels and charts are for my own trading purpose,supports,resistance and target. Others can use it for educational purpose.