NIFTY SPOT VIEW-29TH NOVEMBER 2012
Swing trader till hold the nifty long position which has been made on 5th June 2012. Downside risk is now very little and fresh strength will come only above 5840 level before that there is one more resistance 5780.Positional trader till wait for long on nifty.I am expecting a rally in December 2012.
Next Major resistance are-5780-5840-5890 and support stand for-5590-5515.
Gann pressure dates for the month of November are around 8th and 14th November.
STOCK ALERT:
S D Wave traders maintain the stop loss according to technique in Axis bank.
Axis bank support are-1250-1200-1160 and resistance stand for-1330.
Good stock for buy on dips Mcx India,LT and Mcdowell-n.
:COMMODITY UPDATE:
VIEW OF CRUDE:
Crude no change of view.
(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.)
From 14thSeptember 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.
Copper update:
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.
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.
