NIFTY SPOT VIEW-21ST NOVEMBER 2012
:NEXT BASIC AND MASTER INTRADAY COURSE WILL BE HELD ON CHENNAI IN NOVEMBER ::
DATE-24TH AND 25TH NOVEMBER(10:00 AM TO 5:00PM)
(AFTER TWO SUCCESSFUL OF SEMINAR).
NO CHANGE OF VIEW.
Yet now nifty is not able close below 5575 level significantly , so no change of view as of now.if nifty close below 5575 level significantly, then more weakness will come and I think after that this current down swing maximum stretch around 5500 level. And I am expecting a bottom around this level.
According to weekly chart there is no change of main trend.
Next major support are-5575-5515-5420 and resistance stand for-5780-5840-5890.
Gann pressure dates for the month of November are around 8th and 14th November.
STOCK ALERT:
Axis bank got resistance exactly the given level and gave good profit to all my Students and subscribers.Axis bank support stand for 1160-1135 and resistance stand for-1250-1325.
Good stock for buy on dips Mcx India,LT and Mcdowell-n.
:COMMODITY UPDATE:
VIEW OF CRUDE:
Posted on 21-11-2012:
(Crude moving exactly on my analysis path, Once again crude got resistance around the 5000 level and came down. Now think about accuracy of Gann analysis.)
Crude Oil already given 346 points profit from the support level, if crude is not close below 4820 level then next target level is 5000 and it will work as a strong resistance.
From 14th September 2012, crude trading in a range Intermediate upside trading range is -5460 and downside range is 4470.
Also crude made a short term trading range that is 5000 for upside and 4600 for down side range.Rally will come only broke those level successfully also all level will be work for support and resistance.
Keep watching www.charttrading.in for Gann pressure date of crude.
Chart of Crude
TIME CYCLE ANALYSIS:
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.
