Nifty is trading above downward trading channel and if holds well above it for some more sessions then we may see new highs in coming days/weeks.
Thursday, November 29, 2012
Nifty 29 nov 12 9:37 AM
Nifty is trading above downward trading channel and if holds well above it for some more sessions then we may see new highs in coming days/weeks.
Tuesday, November 27, 2012
Nifty 27 nov 12 9:31 AM
After several attempts to sustain on higher level. finally opened gap up today and now looks bullish as nifty is way above the channel.
Monday, November 26, 2012
Nifty 26 nov 12 9:40 AM
There is no clear direction in nifty but nifty is sustaining above trading channel (please refer to previous posts). On friday it brokedown from the triangle and there was some fall in nifty but it took support on upper tradline of the trading channel and today there is gap up opening. If sustains on higher level and most important above CHANNEL will be bullish and breaking the same will be negative.
Friday, November 23, 2012
Nifty 23 nov 12 9:54 AM
Nifty has sustained well above the trading channel but it does not seem to be sustaining on higher level forming RISING TRIANGLE which is a bearish pattern. Decisive breakdown from the pattern will lead to some fall in the nifty.
( I will not be available throughout the day to update this blog will update this on monday)
Thursday, November 22, 2012
Nifty 22 nov 12 1:10 PM
Nifty made U turn as expected from the upper trendline of the downward trading channel confirming some more uptrend.
Nifty 22 nov 12 12:21 PM
Nifty should sustain above the upper trendline of the trading channel in order to confirm the uprend.
Nifty 22 nov 12 9:37 AM
Nifty after making many attempts to break the trading channel finally trading above it today which is a bullish sign. Further movement in nifty also depends in parliament session today.
Monday, November 19, 2012
Nifty 19 nov 12 9:29 AM
Nifty made a steep correction at the end of the day when it did not sustain in downward trading channel (refer to previous post). Nifty is still looks weak and may not sustain on higher level as per chart.
Friday, November 16, 2012
Nifty 16 nov 12 10:15 AM
Nifty on 30 mins chart is facing resistance at lower trendline of downward trading channel (refer to previous post)
Thursday, November 15, 2012
Nifty 15 nov 12 9:27 AM
Nifty opened gap down today and broke down from the channel as shown below indicating some more weakness/downside.
Friday, November 9, 2012
Nifty 9 nov 12 4:46 PM
Nifty brokedown for the second time from the upward trading channel (refer previous post) and there was a huge fall in the market today ( unable to post at the time of break down due to some other work) as seen in the chart.
Nifty 9 nov 12 9:00 AM
Nifty has formed upward trading channel on 3 minutes chart. which needs to breakout or breakdown as shown in the chart. Nifty is also facing resistance near 5740.
Thursday, November 8, 2012
Wednesday, November 7, 2012
Nifty 7 nov 12 9:43 AM
Nifty on 30 mins chart looks bullish above trendlines I have plotted. Further movement depends on outcome of US presidential elections. If Barack Obama wins market may take this as positive.
Monday, November 5, 2012
Nifty 5 nov 12 10:50 AM
Nifty on 30 mins chart has formed a double top which it needs to cross in order to move up failing which there may be some downside.
Friday, November 2, 2012
Nifty 2 Nov 12 12:33 PM
After spending some time in resistance zone (refer to previous post) nifty finally broke out and now trading above 5700 a key psychological level sustaining above which more upside.
Nifty 2 Nov 12 9:35 AM
Nifty facing resistance after a gap up opening today. If this resistance is passed then we will see higher levels.
Thursday, November 1, 2012
Nifty 1 Nov 12 1:58 PM
Nifty sustained well above the 5600 and now trading in green territory. Nifty to to face resistance as shown in chart beofore further trend. This level (5645) may also act as a trend decider.
Nifty 1 Nov 12 9:24 AM
Nifty looks bearish as per 30 mins chart and may go down further.
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