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Nifty View 12 Sep 2011

Nifty View 12 Sep 2011

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Published by Alok Jain
NIFTY VIEW: DATED: 12 SEPTEMBER, 2011

FINALLY THOSE AWAITED DAYS ARE ON NOW CARDS – WHICH WE ARE TALKING – PLANNING AND EXCITING SINCE LAST FEW DAYS...

LAST WEEK “NIFTY” AFTER TOUCHING HIGH OF 5169 ON THURSDAY BUT FINALLY CLOSE MUCH LOWER AS WEEKLY CLOSING BASIS AT 5159 (ON FRIDAY) AS COMPARE TO LAST WEEK’S – WEEKLY CLOSING AT 5140.
NIFTY VIEW: DATED: 12 SEPTEMBER, 2011

FINALLY THOSE AWAITED DAYS ARE ON NOW CARDS – WHICH WE ARE TALKING – PLANNING AND EXCITING SINCE LAST FEW DAYS...

LAST WEEK “NIFTY” AFTER TOUCHING HIGH OF 5169 ON THURSDAY BUT FINALLY CLOSE MUCH LOWER AS WEEKLY CLOSING BASIS AT 5159 (ON FRIDAY) AS COMPARE TO LAST WEEK’S – WEEKLY CLOSING AT 5140.

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Published by: Alok Jain on Sep 11, 2011
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04/14/2012

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FOR OUR INTRO
 – 
DODWNLOAD FILE: CLICK ON LINK...
NIFTY VIEW: DATED: 12 SEPTEMBER, 2011
 
 
N
IFTY VIEW: DATED: 12 SEPTEMBER, 2011
FINALLY THOSE AWAITED DAYS ARE ON NOW CARDS
 –
WHICH WE ARE TALKING
 –
 PLANNING AND EXCITING SINCE LAST FEW DAYS...
LAST WEEK “NIFTY” AFTER TOUCHING HIGH OF 5169 ON THURSDAY BUT FINALLY CLOSE
MUCH LOWER AS WEEKLY CLOSING BASIS AT 5159 (ON FRIDAY) AS COMPARE TO LAST
WEEK‟S –
WEEKLY CLOSING AT 5140.
FROM THE 26
TH
AUGUST LOW OF 4720, IN JUST NEXT SEVEN TRADING DAYS NIFTY WENT UP BY 450 POINTS& REACHED A HIGH OF 5169 TILL THURSDAY 8
TH
SEPTEMBER.
 
THE CORRECTIVE DEAD CAT BOUNCE FROM 26
TH
AUGUST TO 9
TH
SEPTEMBER, 2011 - WAS
IN THE FORM OF „ABC‟ ZIGZAG FORMATION WITH „B‟ LOW AT 4943 .
ALTHOUGH THERE IS 10% STILL THE POSSIBILITY OF NIFTY TURING BACK TO TEST THEBIG GAP AROUND 5230 TO COVER THE GAP TILL 5323 OR TILL 61.8% RETRACEMENTLEVEL TILL 5327 COUNTED FROM 26
TH
JULY RBI HIGH OF 5702 TILL THE LOW OF 4720 ORTILL 5338 WHICH IS 38.2% RETRACEMENT FOR THE ENTIRE DOWN MOVE FROM DIWALIHIGH OF 6338 TILL THE RECENT LOW OF 4720, YET ONE CAN SEE NIFTY CRASHING TO
 
 
MUCH LOWER LEVELS IN CASE THE „B‟ WAVE LOW OF 4943
- 4927 IS DECISIVELYBREACHED BY NIFTY.
 
IF ONE HAS A CLOSER LOOK ATTHE SIDE CHARTS, ONE WILLNOTICE THAT A BEARISHENGULFING CANDLE HAS BEENFORMED ON FRIDAY. THIS BEARISHENGULFING CANDLE IS HIGHLYATTACKING & INSTANTLYEFFECTIVE TO TAKE NIFTYSHARPLY DOWN SIMILAR TO THEEARLIER BEARISH ENGULFINGCANDLES FORMED ON 26TH JULY2011, 4
TH
AUG 2011, 12
TH
AUG & 18
TH
 AUG & SUBSEQUENT FALL OFNIFTY AFTER THESE DAYS.NOW, THE COMING WEEK ENDING 16
TH
SEPTEMBER IS EXTREMELY CRITICAL FOR NIFTY &IN CASE 4943-4927 ZONE IS DECISIVELY BREACHED, IT WILL CERTAINLY SIGNAL THE ENDOF THE DEAD-CAT-BOUNCE TO SEE REEMERGENCE OF MASSIVE SHORTING BY THEBEARS-GANG-BANG WHO WAS BADLY FRUSTATED FROM LAST TWO WEEKS.(DISCLAIMER: I AM ONE OF THEM BEARS-GANG-BANG)TO BREACH NIFTY 4943
 –
4927 ITS NOT SO EASY TASK
 –
WE SEEN LAST TIME
 –
 WHENEVER NIFTY TRIED TO LOOSE GROUND (ON 5 SEP / 6 SEP.) THE OPERATOR /EXTERNAL FORCES START GIVING SUPPORT AT THESE LEVELS AFTER TRAPPING THEWEAK SHORTERS AS WELL AS TRIGGERING THE STOP LOSSES OF LONG HOLDER. BECAUTION AT THESE LEVELS.WE REQUEST ALL READERS TO READ OUR EARLIER NIFTY VIEW NEWS LETTER FORMORE EDUCATION ABOUT MARKET !!
LINK ----
Technical Analyst and Technical Analysis Trainer,Alok Surana

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