NIFTY SPOT VIEW-12TH OCTOBER 2012
Nifty given handsome rally on 11th October trading session. All day trader has been got nice profit by long in various stocks including nifty. (Just yesterday I was written that do not create short at this level.)Try to make long position using dips.
According to me, nifty will got fresh strength only trading above 5840 level. Nifty got support near the 5610 which I have been written previously in my website also flashing yet now. This is advice to swing trader till maintain the swing technique to stretch their profit.
There is no change of support and resistance. Next resistance are-5840-5890 and support stand for-5610-5520 and 5470.
2nd Gann pressure date for the month of October is around 27th October 2012.
STOCK ALERT:
NO STOCK ALERT ONLY FOR THIS WEEK..
TIME CYCLE ANALYSIS:
I am writing something about Gann time cycle, absolutely I am telling you about future, where next major top and bottoms will come.
Next Major Top will come in year of 2017 and next major bottom will come in year of 2022.To know the exact month and date join my Ultimate stock market analyst course.
I am not telling about past because everybody know the past.
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