NIFTY SPOT VIEW-17TH OCTOBER 2012
All day traders got very good profit by trading nifty and other stocks on 16th October trading session.Buy on dips is till valid.
There is no change of view. Swing trader till maintain the swing technique to stretch their profit. Do not create short position in lower level. Try to find out long opportunity in the nifty or any other stock.
Next major support stand for-5610-5515-5420 and resistance stand for-5730-5840-5890.
2nd Gann pressure date for the month of October is around 27th October 2012.
STOCK ALERT:
2180 and 2085 is the strong support for Sbi and resistance stand for 2380 level.
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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