On 12/9/11,OBSERVATION (O) base line crossed down below cloud & conversion in lower level; SUGGESTION (S) Bearish; RESULT (R Black candle (BC)).
On 13/9/11,OBSERVATION (O) base line crossed down conversion below cloud; SUGGESTION (S) Bearish with SELL; RESULT (R Black candle (BC)) followed by BC .
On 14/9/11,OBSERVATION (O) Kumo break down but Lagging UP ; SUGGESTION (S) Bearish; RESULT (R White candle (WC)) followed by WC .
On 11/10/11,OBSERVATION (O) Conversion cross over Lagging; SUGGESTION (S) Bullish with BUY; RESULT (R) BC followed by WC & Trend UP .
On 14/10/11,OBSERVATION (O) Conversion cross over Base;SUGGESTION (S) Bullish with BUY; RESULT (R) BC followed by WC .
On 16/11/11,OBSERVATION (O) Conversion cross down Base;SUGGESTION (S) Bearish with SELL; RESULT (R Black candle (BC)) followed by Down trend .
PROJECTION for current week (WEF 28-11-11), depending current NIFTY being above or below CLOUD, levels for support or resistance shall be 4979 & 5078, 4978 & 5078, 5001 & 5001, 4958 & 5013, and 4964 & 5039.
Monday's 'white candle' was restrcted by conversion line; lagging line was around same level (4850) as day's top. Followd by tuesday's Black candle. On wednesday, there is a KUMO break point with suggestion to Trade with break out . Let us see if it worthy of following.
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