Nifty 31 July 2013 9:08 AM

                                                               30 mins chart

Level of 5750 is an  important as per chart. Historically it has set the trends when market broke it, bounced back from it or faced resistance from it. RBI's policy yesterday brought nifty to this important level and today's Ben Barnake's statement may give nifty a  further direction.

Nifty 30 July 2013 1:33 PM

                                              30 mins chart

Nifty is holding lower trend line of the channel.

Nifty 30 July 2013 11:49 AM

                                                            30 mins chart

Nifty broke the channel on upside when RBI announced its policy but failed to sustain above it and continuing its downtrend in the channel.

Nifty 30 July 2013 10:08 AM

                                                           30 mins chart

Nifty is trading in downward trading channel since last Thursday making a steep fall. Today it opened marginally gap up and now trading side ways waiting for RBI policy outcome today. If RBI policy comes in line with the market expectations (Unchanged interest rates) and if nifty breaks the upper trend line of the channel then we may see an upward rally. 

Nifty 26 July 2013 2:12 PM

                                                      30 mins chart

Nifty in a downward trading channel and breakout from the channel will lead to a upward rally.

Nifty 26 July 2013 10:04 AM

                                                 30 mins chart

Nifty opened gap up at the same level where it made a gap up and rallied 150 points on 11 July.  (refer to post - http://niftystudycharts.blogspot.in/2013/07/nifty_11.html )

Nifty 25 July 2013 9:46 AM

                                                               30 mins chart

Nifty has opened gap down and holding yesterday's low which is some hope for the bulls. Buy on dips should be the strategy which should be used above or near yellow line shown in the chart.

Nifty 24 July 2013 9:57 AM

                                                            30 mins chart

Nifty has opened gap down and has formed an island today (ISLAND formation due to yesterday's gap up and today's gap down in addition to yesterday's sideways session.) which is a reversal sign from bull to bear and it will be confirmed if nifty unable to fill the gap it has made today. Nifty has opened on a support (from where it made a gap up opening yesterday) which may hold for some time.

Nifty 23 July 2013 9:25 AM

                                                       nifty 30 mins chart

Triple top broken with gap up. trade with trend.

Nifty 18 July 2013 2:12 PM

                                              30 mins chart

Nifty has broken out of a small channel it made today and now facing resistance near day high. Huge gap down opening it has made on 16 July is also acting as a resistance. Trend seems to be a bullish but one has to trade with strict stop loss.

Nifty 18 July 2013 10:22 AM

                                                              30 mins chart

Nifty is sideways and facing resistance in 6000-6100 zone.

Nifty 16 July 2013 9:25 AM

                                                              30 mins chart

Nifty has opened gap down on yesterday's action from RBI. It may bounce back on current level and may face resistance if comes near red line. As long as yellow line is not broken down and nifty sustains there strategy should be buy on dips. In other words market may remain sideways.

Nifty 15 July 2013 9:57 AM

                                                             30 mins chart

Nifty has opened gap down on the news of negative IIP data and inflation data which cam on friday. Also Rupee above 60 is also weakening it further. Trend is still on bullish side but gap down opening below 6000 and rupee above 60 is a caution for bulls. 

Nifty 12 July 2013 9:51 AM

                                                        30 mins chart

After opening gap up above 6000 nifty is now going down due to weakening rupee (but it is still below the psychological level of 60) and 6000 which is a psychological resistance. Two yellow lines drawn on chart should act as a support below. Trade with the trend till it bends on the chart.

Nifty 11 July 2013 9:30 AM

                                                     30 mins chart

Chart is self explanatory.

Nifty 11 July 2013 8:45 AM

                                                          daily chart

Nifty ia trading in the triangle and is about to open gap up above 5900 as per SGX nifty. If sustains above 5900 then it will be considered a breakout form the triangle which may lead to a short covering rally taking nifty beyond 6000. Rupee falling below psychological level of 60 is a positive sign and may help nifty go further. (So trade with trend but with right EXIT STRATEGY that is STOP LOSS and TARGET)

Nifty 10 July 2013 2:30 PM

                                                   30 mins chart

Nifty failed to break the resistance (shown with red line) and now falling down.

Nifty 9 July 2013 1:23 PM

                                                      30 mins chart

Nifty after breaking first support at upper trend line of the channel (refer to previous post below) now trying to take support at the lower trend line of the channel.

Nifty 9 July 2013 11:40 AM

                                                      30 mins chart

Chart is self explanatory.

Nifty 9 July 2013 9:30 AM

                                                         30 mins chart

Nifty has opened gap up and above upward trading channel which seems to be a bullish sign. Rupee falling below 60 may give our markets further strength. Nifty has a resistance upside and if breaks the level of 5900 and sustains there then only bullish rally may start below that level there is sideways ans confusing movement. 

Nifty 8 July 2013 3:02 PM

                                     30 mins chart

Nifty is in upper trading channel and may face resistance upside.

Nifty 8 July 2013 9:30 AM

                                                          30 mins chart

Nifty is now trading just above support zone and weakening rupee is dragging the nifty down. 

Nifty 4 July 2013 2:30 PM

                                                         30 mins chart
Nifty is sideways going nowhere. It may take some more time to decide the trend. Short term trend is up and longer term trend is down.

Nifty 4 July 2013 11:58 AM

                                                       30 mins chart

Chart is self explanatory.

Nifty 4 July 2013 10:38 AM

                                                     30 mins chart
Nifty is facing resistance near the gap we made yesterday. 

Nifty 3 July 2013 11:08 AM

                                                30 mins chart

After gap down opening nifty is in the down trend now. Nifty may remain sideways for some time.

Nifty 2 July 2013 9:24 AM

                                                    30 mins chart

Nifty is in upward trading channel. Bias is bullish as long as it stays in the channel. Todays gap made in the opening may act as a resistance upside. Breaking lower trend line of the channel is bearish.

Nifty 1 July 2013 11:29 AM

                                                nifty 30 mins chart

Nifty is in strong up move and now near its important resistance (shown with red lines). It may reverse its direction from there.