NIFTY SPOT View for 07th FEBRUARY 2013

High Price made in January are often higher till July-August or entire year.

same low price made in January are often lower till July – August or entire year.  WD Gann

As per NEoWave observations,if wave ’5′ is terminal in an impulse pattern then probably the entire impulse pattern is retraced thereafter.A Terminal pattern is a Bearish pattern indicating downside breakdown in a violent manner. This leads us to a conclusion that, if Nifty breaks 5823  before 14th Feb. 2013 then NIFTY should even break the level of 5215 in the next few months. 

Rising Wedge pattern , which is highly bearish.

Read Very Carefully


3 Cls Or Wkly Cls Above 6115  then 5930  will hold till July (min) if 3 Cls Or Wkly Cls below 5930 then 6115 will not be crossed till July (min)

Nifty If Sustains below 5919 With Volumes Or For 1 Hour Below 5919, 6115 Will Become Top Till July Min,So Below 5919 DON’T BE LONG.

Nifty Intraday Supports @ 5882-5887,If Stable Below 5880 Before 11.30 Tomorrow 5818 Would Be Intraday TGT.