JAY SWAMINARAYAN....
WE SAID ON 26-6-11 " WE EXPECT SAME IN THIS WEEK ALSO. IF NIFTY GET SUCCESS TO CROSS 5510 THEN IT FIND STRONG RESISTANCE AT 5570 - 5660. IT IS VERY HARD FOR NIFTY TO MOVE ABOVE 5620. "
WE SAID ON 19-6-11 " . [1] NIFTY WILL BE TAKE SUP NEAR 5350-5300 AND THEN TURN UP TO TOUCH 5510 BUT NOT OVER 5620. " NIFTY TRADED EXPECTED AND FULFILL OUR 1ST EQUATION DURING LAST WEEK. IT MOVE UP THEN OUR EXPECTATION OF 5620. FRIEND YOU SAW NIFTY WAS GENERATE STRONG MOMENTUM AND TURN BACK FROM 5200 TO 5700. BUT ABOVE 5620 NIFTY WAS STRUGGLED AND WEEKLY CLOSED VERY NEAR TO 5620. ACTUALLY NIFTY CROSSED 5620 IN LAST HOUR AT THURSDAY AND ON FRIDAY NIFTY OPENED UP AT 5705 WITH GAPE UP AND THEN DECLINE TOWARDS OUR 5620 LEVEL. IN OUR 19-6-11 WEEKLY REVIEW WE GAVE 2 EQUATION AND EXPECT EQUAL CHANCE FOR BOTH THEM. NIFTY ACHIEVED 2 ND EQUATION TGT 5210 AT NEXT DAY. AND ACHIEVED 2 ND EQUATION TGT DURING LAST WEEK WE GAVE DOWN SIDE TGT 5210 AND NIFTY LOW WAS 5196, AND WE GAVE UPSIDE TGT 5620 AND NIFTY HIGH WAS 5705 BUT CLOSED AT 5627.
WE EXPECT NOW ONLY ABOVE 5660 NIFTY WILL BE GENERATE STRENGTH AND ONLY ABOVE 5750 NIFTY WILL BE GENERATE MOMENTUM BUT IT'S LOOK LIKE DIFFICULT FOR NIFTY AT THIS TIME. OTHER HAND BELOW 5570 NIFTY WILL BE LOSE STRENGTH AND BELOW 5480 NIFTY WILL BE LOSE MOMENTUM ALSO AND DECLINE SHARP BELOW 5480. WE EXPECT THIS IS RIGHT TIME TO OPEN SHORT ON NIFTY AT CURRENT LEVEL WITH SL 5720 - 5750 FOR TGT 5570 - 5480. NIFTY HAVE 1ST SUPPORT AT 5570-5480 & 2ND SUPPORT AT 5390-5300 AND NIFTY HAVE 1 ST RESISTANCE AT 5660 - 5750.
NIFTY : OP = 5441.20 , HI = 5705.80 , LO = 5434.25 , CL = 5627.20.
