NIFTY SPOT VIEW-7TH DECEMBER 2012
A great man has been well said that “TREND IS YOUR FRIEND” and my market forecast has been already proof that. (If you know the market trend you are already 90% winner in the stock market).
According buy on dips strategy all viewers and Students are got very good profit also master intraday trader got super profit on 6th December trading session.
Nifty got support near Gann level and given very good rally. Swing trader till hold the position.Nifty is now near 1st target of 6000.
Next major resistance are-5960-6180 and support stand for-5820-5760-5710.
Around 22nd December is the strong Gann pressure date for the month of December 2012
STOCK ALERT:
Now sbi target is 2580.
Good stock for buy on dips Mcx India,LT and Mcdowell-n.
:COMMODITY UPDATE:
VIEW OF CRUDE:
View is remain same…
(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:
No change of view
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:
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.
DISCLAIMER :
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.
