Nifty filled a gap as shown in chart now further direction depends on Reserve Bank of India's credit policy today.
Tuesday, July 31, 2012
Nifty 31 july 9:26 AM
Nifty filled a gap as shown in chart now further direction depends on Reserve Bank of India's credit policy today.
Monday, July 30, 2012
Nifty 30 july 12 10:21 AM
Nifty looks bullish on daily chart as it bounced today after making bottom for last 3 sessions. But on upside there will be immediate resistance due to 100 DMA and the gap we made as shown in chart.
Wednesday, July 25, 2012
Nifty 25 july 12 11:15 PM
Nift today broke down from DIAMOND CHART PATTERN it had made yesterday.
Tuesday, July 24, 2012
Nifty 23 july 12 3:30 PM
Nifty has made a gap yesterday which should act as a strong resistance upside also we opened yesterday just below 100 DMA which was also bearish sign. But steep fall of 2 days has made nifty oversold from where some bounce should come.
Monday, July 23, 2012
Nifty 20 july 12 3:30 PM
nifty looks bearish due to formation of ISLAND REVERSAL PATTERN seen on 30 mins intraday chart.
Wednesday, July 18, 2012
Nifty 18 july 3:30 PM
Nifty today took support at lower tradline of downward trading channel and broke it above.It is bullish sign for some more time.
Nify 18 july 10:35 AM
Nifty is trading in downward trading channel since last 4 days. It should break this channel and give direction in coming days.
Tuesday, July 17, 2012
Nifty 16 july 3:30 PM
Nifty had made a huge gape up opening on 29 june 12 at 5192 which shud act as a support downside.
Friday, July 13, 2012
Nifty 12 july 3:30 PM
Nifty is trading in downward trading channel as shown in chart indicating bearish trend but trend will be bullish from bearish if that channel is broken upside.
Thursday, July 12, 2012
Nifty 12 july 2:35 PM
Nifty is trading in lower trading channel indicating bearish trend which commenced to day which it need to break on upside for bullish trend to start. till that sell on rise strategy with right stop loss could be initiated.
Nifty 12 july 10:32 AM
Nifty opened gap down below horizontal trading channel and now it will face resistance below lower trend line. Now trend looks bearish than bullish. Bullish if nifty again breaks lower trend line upside.
Nifty 11 july 3:30 PM
Nifty is making flag pattern on 30 mins chart which indicates breakout or breakdown soon which will decide trend.
Wednesday, July 11, 2012
Nifty 11 july 10:05 AM
Nifty opened gap down today because of negative global cues but it is still trying to hold upper trendline of horizontal treading channel (please refer to previous posts for horizontal trading channel) giving hope for bulls.
Tuesday, July 10, 2012
Nifty daily chart 9 july 3:30 PM
Nifty is facing resistance due to 61.8% retracement from previous fall. If broken then only uptrend will be resumed.
Monday, July 9, 2012
Nifty 9 july 3:30 PM
Base formation today as shown in the chart which may act as a support. Also nifty did not break lower end of the trading channel which is giving bulls hope of probable upside. But upside will be confirmed only if nifty goes above 5300 and then breaks upper trend line and sustains there. If nifty unable to hold the base then more downside.
Nifty 9 july 12 01:57PM
Nifty is at make or break position. If breaks the trend line (horizontal trading channel) then further downside.
Nifty 9 july 12 9:36AM
nifty should break this horizontal trading channel on either side and sustain in order to find direction.
tiil that wait and watch.
Thursday, July 5, 2012
Nifty 5 july 12 15:30PM
On half hourly chart nifty has broken out of horizontal trading channel on upside clearing the way for fresh upmove which may come in coming trading sessions.
If sustains above this channel then we could see targets of 5400-5450 soon.
Tata Motors 5 july 12:54 PM
falling wedge chart pattern and then breakout from that just now.
Indicating bigger move. If it sustains that breakout upwards or if it breaksdown below that and sustains there then downwards.
Wednesday, July 4, 2012
Nifty 4 july 12 15.30 PM
Nifty is trading in horizontal trading channel which it must break to find direction upward or downward.
Tuesday, July 3, 2012
nifty 3 july 2012 12:24 PM
nifty may correct some more as it is also trading below 5300 an important psychological level.
some correction should come before resuming uptrend.
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