Nifty is consolidating since yesterday and has broken the trend line which was showing down trend. It may go up to touch 7350-7360 in intraday as long as it is above the trend line.
Wednesday, May 28, 2014
Nifty 28 May 2014 1:36 PM
Nifty is consolidating since yesterday and has broken the trend line which was showing down trend. It may go up to touch 7350-7360 in intraday as long as it is above the trend line.
Tuesday, May 27, 2014
Nifty 27 May 2014 9:25 AM
daily chart
Nifty could not sustain above 7450 and fell sharply yesterday. Nifty is still trading in the channels of 200 points and below 7450 it has potential to touch 7250 and if that is broken then it can also reach 7050 level.
Friday, May 23, 2014
Nifty 23 May 2014 9:51 AM
Nifty opened gap up today after consolidation of previous four trading sessions and also broke the high at 7320 (as seen in the chart) which indicates next stop for nifty is at 7415.
Tuesday, May 20, 2014
Nifty 20 May 2014 10:06 AM
Nifty is trading above yesterday's high of 6289. which is a positive sign and it may go up further.
Wednesday, May 14, 2014
Nifty 14 May 2014 10:33 AM
Breakout has failed and market is trading below the triangle.
Tuesday, May 13, 2014
Nifty 13 May 2014 1:15 PM
Nifty is going up in over the expectation of stable government in the center. It is trading in the channels of 200 points and today it opened gap up above 7050 which indicates that it may go up to 7250 if sustains above 7050.
Friday, May 9, 2014
Nifty 9 May 2014 9:58 AM
Nifty is trading in 200 points channel (between 6850 and 6650). There are two such channels and first channel started when nifty took support at 6450 and now second channel started when nifty took support at 6650 and faced resistance near 6850 followed by correction which took nifty to 6650 yesterday and now taking support from that level. Nifty may touch the level 6850 till election results are out next week.
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