Nifty 30 oct 12 11:38 AM

                                                             nifty 30 mins chart

 Nifty on 30 mins chart has broken down from current wedge indicating more downside. Also Nifty has already brokendown on daily chart (refer to previous post) both indicating some more down side. Keep your nifty short (if created yesterday) or book if you wish.

Nifty 29 0ct 12 10:12 AM

                                                         nifty daily chart

Nifty on daily chart has broken down from the triangle and also just below 20 DMA both indicating some downside. Taking into consideration RBI's credit policy tomorrow all trades should be with tight stop loss. 

Nifty 26 oct 2012 2:35 PM

                                                       Nifty 30 mins chart

Nifty on 30 mins chart has broken down from the triangle which is bearish sign. Nifty has corrected a lot from the gap down opening today but still some more weakness left.

Nifty 26 oct 12 9:36 AM

                                                        nifty 30 mins chart

Nifty opened gap down today from the wedge it made indicating weakness.

Nifty 23 oct 12 9:53 AM

                                                                     nifty 30 mins chart

Nifty on chart is making rising triangle from which break out or breakdown needed for uptrend or downtrend respectively. (break down is more likely as rising triangle is a bearish pattern)

In previous post I wrote about triangle breakout but nifty does not seem to be sustaining above the level 5718.

Nifty 22 oct 12 3:07 PM

                                                        nifty 30 mins chart

Breakout from triangle looks bullish but need to cross 5718 level.

Nifty 22 Oct 12 9:27 AM

                                                       nifty 30 mins chart

Today's gap down opening indicates weakness.

Nifty 17 oct 12 9:31 AM

                                                           nifty 30 mins chart

 Nifty is not sustaining above 5700 which shows nify is weak on higher level.

Nifty 15 oct 12 10:12 AM

                                                               nifty 30 mins chart

Nifty trading in narrowing triangle pattern which may break upwards.

Nifty 12 oct 12 11:22 AM

                                                 Nifty 30 mins chart

Nifty had formed a double top as shown in the chart which should act as a resistance if nifty is unable to cross the trendline (at 5720) shown in the chart giving opportunity to short.

Nifty 11 oct 2:19 PM

                                                                 nifty 30 mins chart

 Nifty brokeout as shown in chart (my apologies for not updating the blog in time once break out occurred) and now in uptrend.

Nifty 10 oct 12 10:27 AM

                                                        Nifty 30 mins chart

Nifty on 30 mins chart made a gap today in the opening which may act as a resistance.

Nifty 5 oct 12 10:16 AM

                                                Nifty 30 mins chart

 NSE resumed trading and now going up but looks overbought giving opportunity to short if fails to sustain above 5800. 

Nifty 5 oct 12 9:56 AM

nifty 30 mins chart                                                                         

Technical error in nifty prices. Trading stopped in NSE searching for problem.