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Nifty and sensex weekly forecast and technical analysis for 18 to 22 June 2012

*Nifty N-Line break chart:-   

nifty nline break chart for 18 to 22 jun 2012

* Nifty spot weekly pivot point levels:-

 

S2

S1

PIVOT

R1

R2

4760

4905

4995

5140

5230

    

 

 

 

 

 * Nifty spot weekly forecast and technical analysis:-

nifty this week opened gap up and made higher low and higher highs and finally closed near high with gain of 1.5%++.this week low was 5012 and high was 5144.for next week Greece is critical fundamental event if we discount that or result may come positive then next week nifty may show us 5200 to 5400 levels.on our long term nifty system,nifty if now cross 5200 in next week then it turn bullish for 2012 again and medium to long term targets comes at 5400-5650.positional traders should follow stiff stoploss of 4995 below that position must be reversed to short side!!

 

 *SENSEX N-Line break chart:-  

sensex nline break chart for 18 to 22 jun 2012

 * Sensex spot weekly pivot point levels:-

 

S2

S1

PIVOT

R1

R2

15400

16000

16400

17025

17405

       

 

 

 

 

 

* SENSEX spot weekly forecast and technical analysis:-

SENSEX  also gained 1.5%+ in this week,week low was 16,516 and high was 16,967 and sensex closed near highs.for next week momentum is bullish and above 16,400 traders should stay on buy side for target 17,400+.above 16,400 we may see 1000 points rally in sensex in short to medium term.short and medium term signal are on buying side while long term signal given reversal signal.on our long term sensex trading system,sensex above 17,100 will be buy for 2012 for targets 17,900 to 18,700!

 

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