05-08-13: #Nifty (Spot 5678) Weekly View. Last week mentioned “Keep a close eye on Monday close.... failure to close >5929, means correction is pending for a target near 5749-68, Sell On Rise...” after break of 5749 again updated for next target 5679, all done perfectly... For the whole month of August, just remember only one no “5732”, if it is not enough for you, read next lines.... NOW THIS WEEK IS VERY VERY IMPORTANT ACCORDING TO MY SYSTEM....TO DECIDED DIE OR FLY... Bulls requirement: √. Daily basis sustainability >”5690” √. A +ve weekly close without breaking “5630” If bulls able to fulfil above criteria this week, no worry at all... ٭ Bears completed its 2013 low as “5477.20”. ٭ A new lifetime high will be create in 2013. Bears requirement: √. Daily basis sustainability ”10124” to confirm corrections is over... Resistance: 5690----5732---5776---5833---5892---5929 Support: 5630---5607---5566---5526---5477---5430 Book part profit near sup. & res. level, and re-entry after successful crossover. It’s my personal view sharing with my friends for their valuable comments.
Posted on: Sun, 04 Aug 2013 18:23:08 +0000