WORLD MARKET UPDATE- 23 NOV 2011 WORLD INDEX TECHNICAL ANALYSIS

"WE ARE WRITING AGAIN AND AGAIN- POWER OF CHARTS INDICATE  MAJOR DOWN FALL -   WORLD STOCK MARKETS- DO NOT TRADE OR SELL OR EXIT ON MAJOR BOUNCE BACK"

"NOW WHOLE WORLD IS BEARISH ON EQUITIES AND COMMODITIES "

( NEXT-MAJOR BOUNCE BACK ON CARDS)

"FORGET FUNDAMENTAL OF COMPANIES-IT IS ONLY WINDOW DRESSING OF FINANCIAL STATEMENTS"

GLOBAL COMPANIES LOST THEIR MARKET CAPITALISATION BY MORE THEN 40-80% IN JUST THREE YEARS:

INDIAN STOCKS :RELIANCE GROUP, MITTAL GROUP,ADAG GROUP,TATA GROUP,ESSAR GROUP,BIRLA GROUP,UNITECH,DLF, HDIL,SUZLON ENERGY,REAL ESTATES AND INFRA COMPANIES

FTSE-100: LLOYDS TSB,ROYAL BANK OF SCOTLAND,BARCLAYS,BP,THOMAS COOK AND MANY MORE

DOW JONES :  THE COMPONENTS OF DJIA HAVE  CHANGED 48 TIMES IN ITS 115 YEAR HISTORY.(GENERAL ELECTRIC -LONGEST CONTINUOUS PRESENCE SINCE 1907)

WHEN THERE IS A PROBLEM OF MAJOR FINANCIAL CRISIS AT GLOBAL LEVEL-COUNTRIES BECOME BANKRUPT- CURRENCY LOST THEIR VALUE OR WITHDRAW FROM MARKETS DO NOT INVEST IN EQUITIES BUT.......INVEST IN ........?

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23/11/2011 INTRADAY TRADING LEVELS	FTSE 100	CAC 40	Dow Jones	S&P500	Nasdaq 100	Gold
BULL RALLY	5357.08	3012.84	11709.6	1211.97	2256.21	1727.1
UP BREAKOUT	5306.99	2965.45	11637.6	1203.99	2242.92	1718.9
SELL	5256.91	2918.07	11565.7	1196.02	2229.62	1710.7
PIVOT	5231.86	2894.37	11499.8	1188.83	2210.75	1696.1
BUY	5181.78	2846.99	11427.9	1180.86	2197.45	1687.9
DOWN BREAKOUT	5156.73	2823.29	11362	1173.67	2178.58	1673.3
BEAR RALLY	5106.65	2775.91	11290.1	1165.7	2165.28	1665.1

INDIAN STOCK MARKET INDEX: 

UPPER TARGET-5300 AND LOWER TARGET-4550 VERY SOON NO IF AND NO BUT. 

NIFTY: TRADING RANGE:4800-4700 

BELOW 4700 TRADING RANGE4700-4550

BELOW 4550- MAJOR DOWN FALL UP TO 4080 IS NOT RULED OUT

NOW CONCENTRATE ON 4600 LEVEL IF NOT BROKEN THEN BOUNCE BACK RALLY UP TO 5080 IS NOT RULED OUT,BUT IF NIFTY BREAK 4600 LEVEL THEN PANIC SELLING UP TO 4330 IS NOT RULED OUT