NIFTY SPOT CAN TOUCH UP TO 5600 - 5700 BY NOV 2011 - DEC 2011 :- NIFTY SPOT TREND FROM APRIL 2011 TO OCT 2011
"W" PATTERN HAS SHOWN IN ABOVE CHART OF NIFTY SPOT FROM APRIL 2011 TO OCT 2011. "W" PATTERN OR "DOUBLE BOTTOM" PATTERN SHOWS THE BREAKOUT MEANS TO SAY THAT THE PRICE MOVEMENT IS TRIED TO GO LOWER TWICE, BUT IS FOUND SUPPORT EACH TIME. AFTER THE SECOND BOUNCE OF THE SUPPORT , THE STOCK / INDEX ENTERS IN NEW TREND AND HEADS UPWARD.
NIFTY SPOT HAS MADE THIS PATTERN MEANS NIFTY SPOT HAS ENTERED IN NEW TREND AND HAS GIVEN BREAKOUT FOR UPWARD MOVEMENT.
RESISTANCE :- 5850.46, 6340.23, 6905.46 SUPPORT :- 4795.46, 4230.23, 3740.46 BREAK - EVEN POINT :- 5285.23 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5285.23 ON 6 MONTHS BASIS
RESISTANCE :- 5478.68, 5596.66, 5793.63 SUPPORT :- 5163.73, 4966.76, 4848.78 BREAK - EVEN POINT :- 5281.71 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5281.71 ON WEEKLY BASIS
RESISTANCE :- 5399.33, 5437.96, 5476.23 SUPPORT :- 5322.43, 5284.16, 5245.53 BREAK - EVEN POINT :- 5361.06 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5361.06
RESISTANCE :- 5239.88, 5288.16, 5365.33 SUPPORT :- 5114.43, 5037.26, 4988.98
BREAK - EVEN POINT :- 5162.71
MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5162.71
NIFTY ANALYSIS WISHES VERY HAPPY DIWALI TO ALL OUR BLOG READERS, MEMBERS AND VISITORS. May Goddess Lakshmi And Lord Ganesha bless you With happiness Progress and prosperity On Diwali and In the year ahead.
RESISTANCE :- 5134.41, 5170.48, 5195.31 SUPPORT :- 5073.51, 5048.68, 5012.61 BREAK - EVEN POINT :- 5109.58 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5109.58
RESISTANCE :- 5136.41, 5222.88, 5285.56 SUPPORT :- 4987.26, 4924.58, 4838.11 BREAK - EVEN POINT :- 5073.73 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5073.73
RESISTANCE :- 5101, 5152.35, 5183.95 SUPPORT :- 5018.35, 4986.75, 4935.55 BREAK - EVEN POINT :- 5069.55 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5069.55
RESISTANCE :- 5115.95, 5140, 5181 SUPPORT :- 5050.90, 5009.90, 4985.85 BREAK - EVEN POINT :- 5074.95 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5074.95
RESISTANCE :- 5166.36, 5193.58, 5239.11 SUPPORT :- 5093.61, 5048.08, 5020.86 BREAK - EVEN POINT :- 5120.80 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5120.80
RESISTANCE :- 5059.65, 5081.80, 5106.10 SUPPORT :- 5013.20, 4988.90, 4966.75 BREAK - EVEN POINT :- 5035.35 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5035.35
RESISTANCE :- 5221.78, 5311.26, 5481.13 SUPPORT :- 4962.43, 4792.56, 4703.08 BREAK - EVEN POINT :- 5051.91 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5051.91
RESISTANCE :- 5163.60, 5194.90, 5248.40 SUPPORT :- 5078.80, 5025.30, 4994 BREAK - EVEN POINT :- 5110.10 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5110.10
RESISTANCE :- 5140.25, 5181.10, 5252.40 SUPPORT :- 5028.10, 4956.80, 4915.95 BREAK - EVEN POINT :- 5068.95 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 5068.95
RESISTANCE :- 5019.81, 5060.03, 5128.90 SUPPORT : - 4910.71, 4841.83, 4801.61 BREAK - EVEN POINT :- 4950.93 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 4950.93
RESISTANCE :- 4964.33, 5040.61, 5158.63 SUPPORT :- 4770.30, 4652.01, 4575.73 BREAK - EVEN POINT :- 4846.31 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 4846.31
RESISTANCE :- 4920.03, 4952.01, 4981.43 SUPPORT :- 4858.63, 4829.21, 4797.23 BREAK - EVEN POINT :- 4890.61 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 4890.61
RESISTANCE :- 4851.83, 4931.51, 4993.28 SUPPORT :- 4710.38, 4648.61, 4568.93 BREAK - EVEN POINT :- 4790.06 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 4790.06
RESISTANCE :- 4877.80, 4906.10, 4933.05 SUPPORT :- 4822.55, 4795.60, 4767.30 BREAK - EVEN POINT :- 4850.85 MARKET OUTLOOK :- POSITIVE MAINTAINS ABOVE 4850.85
Weekly SENSEX Volatility From Sept 26, 2011 to Sept 30, 2011
Weekly Volatility
Weekly Levels
Date
Weekly High
16756.08
29-Sep-11
Weekly Low
15801.01
26-Sep-11
Weekly Closing
16453.76
30-Sep-11
Weekly Changing
+402.66 Points
Weekly Changing (%)
+2.50%
Weekly Volatility
+955.07 Points
Weekly NIFTY SPOT Volatility From Sept 26, 2011 to Sept 30, 2011
Weekly Volatility
Weekly Levels
Date
Weekly High
5034.25
29-Sep-11
Weekly Low
4758.85
26-Sep-11
Weekly Closing
4943.25
30-Sep-11
Weekly Changing
+107.85 Points
Weekly Changing (%)
+2.23%
Weekly Volatility
+275.40 Points
RESISTANCE :- 5155.38, 5367.51, 5565 SUPPORT :- 4744.98, 4546.71, 4334.58 BREAK - EVEN POINT :- 4957.11 MARKET OUTLOOK :- POSITIVE IS MAINTAINS ABOVE 4957.11 ON MONTH BASIS
RESISTANCE :- 5065.38, 5187.51, 5340.78 SUPPORT :- 4789.98, 4636.71, 4514.58 BREAK - EVEN POINT :- 4912.11 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 4912.11
RESISTANCE :- 5004.43, 5065.61, 5105.68 SUPPORT :- 4903.18, 4863.11, 4801.93 BEAK - EVEN POINT :- 4964.36 MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 4964.36
Sensex/Nifty 
