NIFTY SPOT VIEW-15TH MAY 2013
BASIC AND SMART TRADER COURSE WILL BE HELD ON 15TH MAY 2013 ON NEW DELHI.
11th May nifty high was 6114.55 and On 9th May I was wrote resistance 6111,so nifty took resistance on that level and correct almost 144.05 points, “that is why I was wrote in my site several time do not buy nifty on higher level.”
It is advice to swing trader till hold the nifty long position until and unless broke the 5920 level.
S D Wave traders try to find out the long entry according to system.
So watch for resistance around 6115-6260-6338 and support stand for-5950-5900-5795.
First pressure date for the month of May is 6th May 2013
STOCK ALERT:
No stock alert.
:COMMODITY UPDATE:
NATURAL GAS UPDATE (5):
Posted on 26th April 2013:
On 22nd April I was forecasted about Natural Gas price correction, now see gas trading around 225, from 238 this was the minor top of gas on Daily chart.
NATURAL GAS UPDATE (4):
Those trader holding the Natural gas long position try to liquid their position, I think Natural Gas ready for a correction around this current market price.
NATURAL GAS UPDATE (3):
Natural gas given lot of profit from my estimated level now this commodity is trending so do not believe on news, follow www.charttrading.in for big profit like natural gas. All regular visitors, Students and subscribers are well known about forecasting of Gas. For the further upside Gas must to trade above 222 level for the target of 262 also good resistances.
NATURAL GAS UPDATE (2):
Now think about Natural gas. Gas is now 215 I has been clearly told through my site that Gas try to form a bull base it has been already given 45 points rally from its bull base.Now 217.50 is strong resistance, if Gas able to maintain this level then we expect more and more upside and long term bull market for Natural gas.
NATURAL GAS UPDATE (1):
196 is strong resistance for Natural Gas,If Natural Gas able to cross this level than we got the signal for change in trend.And 169 is the top most support for Gas,where Gas try to made base for bull,If Gas is not able cross 196 significantly than it will trading in a range of 196 to 169.According to time period I am expected a major culmination around 169 as of now.
Copper update:
Copper till moving accordingly, and got very good resistance near the given level.There is no fresh upside for copper until and unless broke the level 470 closing basis.And downside will come only trading below 380 before that 410 will be work as a good support.Keep watching www.charttrading.in for Gann pressure date of crude.
TIME CYCLE ANALYSIS-(1):
I am writing something about Gann time cycle, absolutely I am telling you about future, where next major top and bottoms will come.Next Major Top will come in year of 2017 and next major bottom will come in year of 2022.To know the exact month and date join my Ultimate stock market analyst course.
I am not telling about past because everybody know the past.
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www.ChartTrading.In is an educational website for traders and investors. This update is an information service only .The author shall not be liable for any loss or profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.
