NIFTY Views - for 4th Oct 2012:

Back from Long Holidays..  Sooo

1) Nifty has formed 52 week Hi @ 5745.

2) Pattern: Rising Triangle indicates upward breakout.

3) FIbo Level:  76.4% Retracement @ 5912, so Resistance ahead. 

4) Weekly TF    :- Uptrend  ,but a Doji formed.

    ->  Bollinger  :- Up Trend

    ->  RSI          :- Up Trend

5) Daily TF        :- Double Bottom @ 5638,

    ->  Bollinger  :- Up Trend

    ->  RSI          :- Up Trend  (RSI above 70 + Divergence), so another High possible

    ->  MACD (9,19,6) :- Bearish Divergence from previous Top, so another Top is nearing. Confirmation after crossover only

    ->  Stoc (14,3,5)  :- Sideways, waiting for Sell signal

    ->  Stoc (5,3,3)   :- Sell signal, so go Short on short term rallies

6) 60 min TF      :- Consolidation

    ->  Bollinger  :- Side Trend

    ->  RSI          :- Side Trend

7) Gaps to be Noted:

    ->  5043  - 5077

    ->  5238  - 5309

    ->  5399  - 5415

    ->  5435  - 5526

    ->  5554  - 5575

    ->  5650  - 5683

BUY:  Positional after Triangle breakout confirmation @ 5755, TGT 5910

SELL: Sell Positional @ 5675, TGT - 5645, 5575.

SL as per your appetite