Nifty Levels for 20th Aug 09, Thursday

Nifty as on 19th Aug, 09
Open: 4457
High: 4477
Low: 4353
Close: 4394
Nifty Levels for 20th Aug 09, Thursday
Pivot: 4408
Resistance 1: 4463
Resistance 2: 4532
Resistance 3: 4587
Support 1: 4339
Support 2: 4284
Support 3: 4215
From the recent observations, I learnt that how we can identify the Trend Reversal levels. The levels, above/below which, nifty/stock successively fails to cross or fails to close above/below it, can be termed as Resistance/Support. But the levels from which nifty/stock takes the U-Turn can be termed as Trend Reversal levels.
Recent example: Nifty Future 4731 level: Nifty Future tried 4 times in a row to cross 4731 level but failed and resulted into complete bearish sentiments from the bullish. This shall be termed as perfect Trend Reversal Level.
Now observing at Nifty Future level of 4351. Nifty Futures are trying continuously to go beyond this level and settle down below this, but failed on each try and in fact nifty showed sharp up move from this level. Can we term this level as Trend Reversal Level? As per my perspective, the answer is No. The reason being, bearish sentiments are still higher than that of bullish one.
One point need to be kept in mind that, if this level (Trend Reversal) is breached decisively, we can see the sharp up/down move till the next Resistance/support level.
Hence, are we going to see 4200/4100 levels soon or bearish outlook can be transformed into short term bullish outlook and achieve levels like 4700/5000?
I wish I could answer all these questions. Lets see, what nifty is having for us in next 7 trading sessions of this august expiry.

Nifty Future Pivot Levels for 13 Aug 09, Thursday

Long time I wished that I should start posting something which I really like and was wondering what it is...!!! What is that which makes me impatient...?? Which I like to know more and more..feels like to go much more into the depth of it and excel in that...Somehow I realized its nuthn but Trading / Investment Strategies in Stock Market....the superb way of making profits / loosing your hard earned money...I always been attracted to this so called unpredictable and insensitive market and made huge losses. But as everyone knows about my "Never Die Attitude" :)), always tried to cover up those losses and in turn made some more huge losses...LOL..
After committing all those mistakes, I learnt that before investing your hard earned money one should know the different trading strategies, planning, money management etc etc.. very well. So thought why not start learning some of those trading strategies first and later on will equip myself with other planning and money management skills.
So took first step towards learning the strategies with Technical Analysis. So, to start with I learnt how to compute pivots, resistances and support levels for any stock or nifty or nifty futures.
Now onwards, I will keep posting the Pivots, Resistances and Support levels for Nifty Futures in this blog. Slowly will enhance this blog with some more strategies as and when I will learn. Lets see, how long it will go and how much I will learn...
Nifty Future Levels for 13 Aug 09, Thursday
Pivot: 4432.33
Resistance1: 4513.67
Resistance2: 4555.33
Resistance1: 4636.67
Support1: 4390.67
Support2: 4309.33
Support3: 4267.67