Nifty after the rally is near the resistance zone till 5850. This is the same level from where nifty broke down last week after Fed announced they may withdraw the QE package. Any euphoric high should be used to short at higher level.
Friday, June 28, 2013
Nifty 28 June 2013 9:40 AM
Nifty after the rally is near the resistance zone till 5850. This is the same level from where nifty broke down last week after Fed announced they may withdraw the QE package. Any euphoric high should be used to short at higher level.
Thursday, June 27, 2013
Nifty 27 June 2013 1:56 PM
Nifty after short covering rally to face resistance near RED LINE (as shown in the chart) as this is the level which nifty broke in panic on 19th June 2013.
Nifty 27 June 2013 8:39 AM
Global markets may help nifty open gap up today and we may see a short covering rally if nifty crosses upper trend line of the channel (shown with two blue lines). Rupee is above its important psychological level of 60 is a caution of Bulls.
Wednesday, June 26, 2013
Nifty 26 June 2013 11:02 AM
Nifty failed to break the upper trend line of the channel and now going down. It may trade sideways if remains in the channel.
Nifty 26 June 2013 9:45 AM
Nifty is trying to break the upper trend line of the channel and if breaks it then we may see further upside from here.
Monday, June 24, 2013
Nifty 24 June 2013 12:35 AM
Nifty is still holding the lower trend line of the channel and if not broken then we may see an uptrend from here.
Nifty 24 June 2013 10:26 AM
Nifty is trading in downward trading channel and now taking support on lower trend line of it.
Nifty 24 June 2013 8:24 AM
Nifty is in downtrend and it may find support on upward trend line (shown with yellow line) for the 3rd time.
Thursday, June 20, 2013
Nifty 20 June 2013 9:26 AM
Nifty has opened gap down near the ISLAND which is holding the nifty. Gap above will act as a resistance.
Wednesday, June 19, 2013
Nifty 19 June 2013 9:36 AM
Nifty is facing resistance at 5850 where it opened gap down on 11 June 13. Falling rupee also making nifty weak at higher level. Today's development in America may give it a direction.
Monday, June 17, 2013
Friday, June 14, 2013
Nifty 14 June 2013 10:40 AM
Chart pattern indicates an ISLAND REVERSAL pattern which is a bullish pattern and if the gap is not filled then we may see a huge bullish rally from here.
Nifty 14 June 2013 9:03 AM
Nifty opening gap up today. If opens or sustains above the red line then there will be a bullish rally today with support from global cues.
Thursday, June 13, 2013
Nifty 13 June 2013 2:44 PM
Nifty is facing resistance near day's high and now trading sideways with bearish bias.
Nifty 13 June 2013 1:30 PM
Nifty now recovring from the day's low after opening gap down in the morning.
Wednesday, June 12, 2013
Nifty 12 June 2013 9:41 AM
Nifty opened gap down and now filling the gap. It may face resistance near 5785-5800.
Tuesday, June 11, 2013
Nifty 11 June 2013 10:59 AM
Falling rupee is pulling the nifty down.
(I was away on vacation so could not update the blog. sorry for that.)
Wednesday, June 5, 2013
Nifty 5 June 2013 9:18 AM
Nifty is still bearish as it is unable to break resistances ( refer to previous post) but breaking supports. But nifty has also shed more than 200 points in last 3 trading sessions and now looks oversold.
So the wait and watch and then enter the market in direction of the trend is the wise strategy.
Tuesday, June 4, 2013
Nifty 4 June 2013 11:24 AM
Nifty is trying to break the resistance with the chart formation as shown in the chart.
Nifty 4 June 2013 9:39 AM
Nifty after bouncing back from the support (it broke that support yesterday but managed to close above that shown with green line) now facing resistance (shown with red line).
Monday, June 3, 2013
Nifty 3 June 2013 12:05 PM
Bearish nifty is now finding support on the level where it had taken support on 23rd May 13. Nifty is bearish and any rise should be used to sell.
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