The first ray of hope for a bullish reversal comes only when Nifty closes above 4951.15. It will be further confirmed if it closes above 5035.70.
As of now Nifty, in my view, has not come out of the bearish mode completely, which started on 6th Jan 2010.
I feel, overnight long or short swing positions could be considered only after the close above 4951.15 or below 4814.10.
Between 4853 to 4952, Nifty is trying for bullish reversal and the first sign of confirmation will be a close above 4952.
Between 4853 to 4814 it is trying to go down further. Bearish confirmation is below 4814.
--- On Wed, 2/3/10, Jayakrishnan <jayakrish2001@yahoo.com> wrote:
From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: NIFTY
To: Technical-Investor@yahoogroups.com
Date: Wednesday, February 3, 2010, 3:10 PM
A close above 4951.15, high of the past three days, would have given hope for a probable bullish reversal. But it is not likely today.
Even if it does tomorrow or in the following days there are possibilities for a bullish reversal.
Bearish trend continuation level as on date remains at 4814.10
From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: NIFTY
To: Technical-Investor@yahoogroups.com
Date: Tuesday, February 2, 2010, 6:58 PM
Three Line Price Break Chart's tomorrow levels.
Jk.
From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: NIFTY
To: Technical-Investor@yahoogroups.com
Date: Tuesday, February 2, 2010, 2:36 PM
| Three-Line Price Break charts are mainly used to confirm the underlying trend, trend-reversals and the balance of supply and demand.
Two important points to consider while using 3LPB are the timing of the 'reversal bar' and 'confirmation' of the trend.
In the attached 3LPB chart, Bullish trend reversal is above 5094.15. And the present bearish trend will continue if price slides down below 4853.10.
--- On Mon, 2/1/10, Jayakrishnan <jayakrish2001@yahoo.com> wrote:
From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: NIFTY
To: Technical-Investor@yahoogroups.com
Date: Monday, February 1, 2010, 11:04 PM
Today's Histogram divergence suggests that despite the rise , the momentum is loosing its strength.
Jk.
--- On Tue, 1/26/10, Jayakrishnan <jayakrish2001@yahoo.com> wrote:
From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: NIFTY
To: "Technical Invesstor" <Technical-Investor@yahoogroups.com>
Date: Tuesday, January 26, 2010, 5:38 AM
Kindly read the comments in CCI window.
Jk.
==========
Keep it simple.
--- On Sat, 1/23/10, Jayakrishnan <jayakrish2001@yahoo.com> wrote:
From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: Re: NIFTY
To: Technical-Investor@yahoogroups.com
Date: Saturday, January 23, 2010, 10:02 AM
The attached chart is self explanatory.
Jk.
========
Keep it simple.
--- On Fri, 1/22/10, Jayakrishnan <jayakrish2001@yahoo.com> wrote:
From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: NIFTY
To: "Technical Invesstor" <Technical-Investor@yahoogroups.com>
Date: Friday, January 22, 2010, 4:48 AM
Nifty halted two points short of 38.2% retracement and closed below 55 EMA support.
In the context of Yesterday's fall in US markets, which was greater than day before yesterdays, for Nifty it seems to be only a night halt at 55 EMA support. No wonder if it touches Dec 21st low of 4940 levels.
Jk.
--- On Wed, 1/20/10, Jayakrishnan <jayakrish2001@yahoo.com> wrote:
From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: NIFTY
To: "Technical Invesstor" <Technical-Investor@yahoogroups.com>
Date: Wednesday, January 20, 2010, 10:55 PM
All the momentum indicators are bowing down their head.
I feel, once 5170 is broken (possibly tomorrow, if the same intensity of fall in world markets prevails here) EMA 55 could provide major support.
![?ui=2&view=att&th=1264cb2501f9abb6&attid=0.1&disp=attd&realattid=ii_1264cb2501f9abb6&zw]( "?ui=2&view=att&th=1264cb2501f9abb6&attid=0.1&disp=attd&realattid=ii_1264cb2501f9abb6&zw")
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