NIFTY Views - for 5th Oct 2012:

1) Nifty has formed 52 week Hi @ 5807, but nothing changed !! Bought @ 5760 as per levels in the morning & Sold and short @ 5800..

2) Pattern: No Pattern.

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 + Bearish 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 to Down

    ->  RSI          :- Down Trend + Bearish Divergence, so short term downtrend for another top formation afterwards.

7) Gaps to be Noted:

    ->  5043  - 5077

    ->  5238  - 5309

    ->  5399  - 5415

    ->  5435  - 5526

    ->  5554  - 5575

    ->  5650  - 5683

BUY:  Buy on Dips near 5740-5750, hold old positions @ 5760, TGT 5845, 5910, SL 5775

SELL: Sell @ 5810, TGT - 5740, SL - 5845