Sensex Nifty prediction outlook,Nifty Weekly Analysis , Supports Resistance of Nifty,Nifty target For expiry ,Daily EOD Chart of Nifty ,Nifty Weekly Chart

Nifty prediction outlook
Nifty Weekly Analysis Supports Resistance of Nifty,Nifty target For expiry

Sensex Daily Chart 

NIFTY EOD Daily Chart

Nifty Weekly Chart


As Evident From Nifty Daily Charts,The Dip breached 100 SMA of Nifty and then recovered Smartly even Surpassing our Estimates for Gain

See what we have Written on 3 Nov 2009
So we are just 100-150 Points Above the Support
And we have just broken Down The 100 EMA at 4594

So Risk Reward Ratio is in Favour of Buy Decision
Buy With Stop loss of 4380 on Nifty
Average Down Your Investments
Source: http://nse2rich.blogspot.com/2009/11/nifty-prediction-time-to-buy-stocks-now.html#more

Now What are Supports For Nifty Sensex ?

First Major is at 4840 For Nifty and 16850 For Sensex
4760 is Next Minor Support
And 4550 is Last Support Below Which We are Bearish

but Looks Like upto This Expiry We will Not Fall Much
So Range till Expiry is 4800-5200 For Nifty

5200 5400 are Major Resistances to Conquer

So bit Flattish or bullish outlook For November

moving averages are Getting Flat now,which means we are now entering volatility Phase .buy big Dips.All Dips are Buying opportunity as we are in Bull market .


Buying Dips Does not mean you have to buy For Every 50 points Dips in Nifty .In todays Case buy if you get nifty at 4800 which is major Support Now

Happy Investing till then