30/8/2013 2.15 P.M
Now revised 5350 (EOD Close below) will be the positional Stop Loss for Longs.


30/8/2013 11.00 A.M
Now 5380 (EOD Close below) will be the positional Stop Loss for Longs.

30/8/2013 8.35 A.M

Technically 5th may have started at yesterday's high. Please read the older posts to understand better.


Market May remain little weak today. All dips towards 5300-30 (Spot) must be bought positionally for 2/3 weeks.

Nifty Future

VAH - 5420
POC - 5384
VAL - 5347
POC (week) / Year - 5333 (Much mentioned is a big support)

Weak below 5384 and likely to attempt 5347
Strong above 5384 and likely to attempt 5420.


Nifty Spot

Below 5380 Weak.

Important
Please note that any close or maintaining below 5300 might force revision of the chart and considerations.  The long positions may have to be closed then.

30/8/2013 6.18 A.M

Larger Outlook

Nifty Likely to complete the down-move 1/2 days and a rally may unfold to

1) First Target -  5550
2) Second target -  5675
3) Third Target - 5800 (To be considered after confirmation in my later posts)
4) Fourth Target  - 6150 (To be considered after confirmation in my later posts)

The target (any one / two or all) may be achieved by Nov, 2013 / Dec, 2013 /Jan, 2014. The confirmation may be looked for in my future posts. Positionally 5300 is the mark above which the validity remains.