NIFTY Views - for 14th Oct 2012:

1) Nifty took a sigh at Double Bottom - 5638 as expected..

2) Pattern: Bearish Harami Pattern

3) FIbo Level:  Nifty 61.8% Retracement @ 5649

4) Weekly TF    :-Reversal Possibility with Bearish Engulfing Pattern

    ->  Bollinger  :- Up Trend

    ->  RSI          :-  Hidden Divergence - Bearish

5) Daily TF        :- Double Bottom @ 5638,

    ->  Bollinger  :-  Consolidation

    ->  RSI          :- Down Trend

    ->  MACD (9,19,6) :- Bearish Confirmation after crossover

    ->  Stoc (14,3,3)  :- Suggesting an upside bounce once again

    ->  Stoc (5,3,3)   :-  Bearish

6) 60 min TF      :- Consolidation

    ->  Bollinger  :-  Consolidation

    ->  RSI          :-  Down trend

7) Gaps to be Noted:

    ->  5043  - 5077

    ->  5238  - 5309

    ->  5399  - 5415

    ->  5435  - 5526

    ->  5554  - 5575

BUY: No plz

SELL: Sell in all Rallies, TGT - 5600, 5560, 5450 SL - 5675