December 31, 2011

NIFTY Year End Analysis

  • Bears are in complete control. 
  • Week MACD histogram has started to diverge positively But We never know when the reversal might take place until it happens. So let price break the resistance line shown in the last chart for a safe bullish trade to happen. If price break the support line then the fall might continue. If price continue to fall then nifty will hit the support line at 4510 - 4520 level for next week.
  • Descriptions in chart please click to expand.

17 comments:

  1. Dear San ,

    I wish You and Friends a Very Happy and Prosperous New Yera ahead !!!

    Keep up the consistent good work in coming year.

    Thanks
    RV

    ReplyDelete
  2. Dear,san your charts give me amazing informations every day are very helpful for taking trading positions.I thank u for this effort.God bless u and a very prosperous happy new year to you.

    ReplyDelete
  3. SAN SIR,

    superb charts as usual and these are really helpful.
    i wish you A VERY VERY HAPPY NEW YEAR -2012.

    Heartly Thanks

    ReplyDelete
  4. san anna,

    wish u happy new year u and u r family

    ReplyDelete
  5. @AAR VEE

    Thanks for the Wishes

    Wishing you a great 2012. I hope you will be able to create great wealth for your readers.

    ReplyDelete
  6. @rajan
    Thanks for the wishes. Happy 2012 to you

    ReplyDelete
  7. @marketrider
    Thanks for the wishes. Wish you a great 2012.

    ReplyDelete
  8. @equityhorse

    Thanks Thambi

    Happy new year to you.

    ReplyDelete
  9. you are just awesome! Wish you a very happy new year San :)

    ReplyDelete
  10. Wishing A Very Happy and Prosperous New Year to ALL

    ReplyDelete
  11. Dear San

    Wish you a Happy & Prosperous New Year.

    Regards,

    Veer

    ReplyDelete
  12. SAN Sir,
    Wish you a Happy & Prosperous New Year.

    ReplyDelete
  13. @Bunty, u.k. Raj, Veer and Nilesh

    Wishing you all great 2012.

    ReplyDelete
  14. Dear San,

    Wish you and your Family a Very Happy New Year 2012.

    With Best Wishes,
    Prabakar

    ReplyDelete
  15. @Prabakar
    Thanks for the wishes.

    Wishing you great 2012.

    ReplyDelete
  16. MY DEAR SAN,
    I AM PROUDLY ACKNOWLEDGE YOUR CHARTS.SUPERB. I AM REGULAR FOLLOWER.

    WISH YOU HAPPY AND PROFITABLE 2012 FOR YOUR SELF AND FOLLOWERS.

    REGARDS
    V.RAMESH / VELLORE

    ReplyDelete
  17. @ram
    Thanks for the wishes.

    Wishing you a profitable and happy new year.

    ReplyDelete