NIFTY SPOT VIEW-31ST DECEMBER 2012

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12/30/2012
Market Update

Nifty till in trading range upside range is 5965 and downside range is 5820. So no change of view and level. According to my point of view do not trade in nifty as of now.

Next major resistance are-5960-6180 and support stand for-5820-5750-5685.Below 5820 this rally may continue down to 5750 level.

Around 22nd December is the strong Gann pressure date for the month of December 2012.

STOCK ALERT:

BUY ON DIPS AXIS AND SBI.

:COMMODITY UPDATE:

VIEW OF CRUDE:

After long time crude given a break out. All smart trader and ultimate stock market a student has been got good pyramiding point. This is advice to all students maintain stop on crude according to swing technique.

From 14thSeptember 2012, crude trading in a range  Intermediate upside trading range is -5460 and downside range is 4470.

Also crude made a short term trading range that is 5000 for upside and 4600 for down side range.Rally will come only broke those level successfully also all level will be work for support and resistance.

Copper update:

Copper till moving accordingly, and got very good resistance near the given level.

There is no fresh upside for copper until and unless broke the level 470 closing basis.

And downside will come only trading below 380 before that 410 will be work as a good support.

Keep watching www.charttrading.in for Gann pressure date of crude.

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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www.ChartTrading.In is an educational website for traders and investors. This update is an information service only .The author shall not be liable for any loss or profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.