iCharts Discussions

r.dibya · White Belt Joined: 26 Jun 2008 Posts: 79

strong support of nifty 4930 if trading below this level for min. 2 hr. then huge bearish but minor support is 4785. then bullish pattern will be end.

after that i think nifty should rise from this level dut to bearish in dollar USD/INR should thouch 44.50 level that means bullish in stock market.this is confusing pattern but u can hold nifty sl 4900/4785 .

and one thing if nifty will close above 5030-50 level then huge bullish to 4230 ,after breakout 5230 tgt. 5500 . some days will be trading within 5300-5500.

onething is remember nifty is not bearish pattern still so don't panic from this level or u can wait for bullish above 5050 and for berish below 4785. these 2 level is very important for bullish & bearish.

SwingTrader · Posted: Sun Oct 11, 2009 6:30 pm Post subject:

Do not post in the wrong forums. You had posted this in the "Introductions" forum. From next time please make sure you post in proper forums.

We will be moving this topic to a proper forum.

r.dibya · White Belt Joined: 26 Jun 2008 Posts: 79

sorry , but where is my fault i don't know. can u explain me briefly. and i want to say , i did not post to the introduction . how can it possible..............................

sorry sorry sorry. plz guide me

SwingTrader · Posted: Mon Oct 12, 2009 9:15 am Post subject:

r.dibya · White Belt Joined: 26 Jun 2008 Posts: 79

so can i post my view in this topic or i will be open new topic

r.dibya · White Belt Joined: 26 Jun 2008 Posts: 79

buy nifty @cmp & sbin @cmp

i think nifty will move up up up up up to 5230 due to bearish in dollar

USD/INR is trading near 46.55 below 47 since 3-4 trading session so nifty should make new high onwards.

according to Elliot wave theory nifty may break near 5050 tgt. 5230 but at last tgt. is 5500

r.dibya · White Belt Joined: 26 Jun 2008 Posts: 79

enjoyyyyyyyyyyyy with my call

and one thing i want to add -----

nifty may take resitance near 5300 ( monthly strong resitance). if this is possible then nifty will be trade in between (4700-5300).

but see BSE OIL & GAS index is not positive still afetr breakout above 10600/680 then nifty will touch new high means may be 5500 or above.

so watch this index.

watch ongc above 1260 bullish,bullish,bullish, ,,,,, now reliance will touch 2400 after 2200/30/ without fall to 2080

r.dibya · White Belt Joined: 26 Jun 2008 Posts: 79

be careful at this stage -------this is time for only intrday because negative divergence in MACD on daily chart as well as in DOW laso. so we have to wait strong support near 4950 if break this level then it will fall to 4650/4400 but this is not time to short due to bullish in BSE OIL & GAS index . so watch ONGC , RELIANCE & NTPC.

nifty should come to 4650-4700 level but nobody knows which level nifty will fall so we have to wait for 4950 level

but still i am in bullish mode to 5170/5250/5300

rember MONTHLY STRONG STRONG STRONG STRONG RESISTANCE--5250/5300.

SO NIFTY MAY BE FALL FROM 5300 OR 5500

DON'T ADD FRESH POSITION from this level , but u can add in OIL & GAS STOCK.