Nifty 31 Dec 2015

                                                                  5 mins chart

Nifty closed this series (December 2015 derivative series) in a positive note and closed little above dotted BLUE line which indicates further upside from here. As mentioned previous posts, trend is UP with higher highs and higher lows as seen in the chart.

Nifty 30 Dec 2015

                                                          5 mins chart

Nifty is still facing resistance near dotted BLUE line and if this continues then it may fall down further too though there is no change in trend yet and the trend is up.

Nifty 29 Dec 2015

                                                                    5 mins chart

Nifty is still in uptrend but facing resistance at higher levels near dotted blue line.

Nifty 17 Dec 2015

                                                                   5 mins chart

Nifty is weak at higher level.  Nifty still has some uptrend above BLUE line and trend may change if BLUE line is breached and Nifty sustain there.

PS - I am on holidays for a week. Blog will be updated 28th December onward. 

Nifty 16 Dec 2015

                                                                           5 mins chart

Nifty is in the UPTREND above YELLOW line as anticipated in the previous posts.

Nifty 15 Dec 2015

                                                              5 mins chart

Nifty is in sideways trend now and if it breaks out of YELLOW line may confirm the uptrend.

Nifty 14 Dec 2015

                                                                  5 mins chart

Nifty opened gap down today but later fiilled the gap and now trading in green territory as seen in the chart. In the upside Nifty has some hurdle near YELLOW line breaking which there may be a trend reversal. WHITE line (near 7610) is an important level to watch downside as Nifty was holding it for last three trading sessions. 

Nifty 11 Dec 2015

                                                                       5 mins chart

I anticipated that Nifty might go up further above YELLOW line but it did not sustain above it and then fell down sharply. Also, Nifty broke yesterday's low all these signs indicate strong bearish sentiments as it made a new low as seen in the chart but at the same time an oversold.

Nifty 10 Dec 2015

                                                   5 mins (multi-day) chart

Nifty is now near oversold levels and trying to bounce back. Nifty may reverse its trend from down to up if it beaks out of YELLOW line (near 7669) which is a resistance upside.

Nifty 4 Dec 2015

                                                              5 mins chart

Nifty opened gap down today after closing below YELLOW line yesterday.  Nifty is in down trend now but if it breaks out of YELLOW line then direction of the trend may reverse. 

Nifty 3 Dec 2015

                                                               5 mins chart

Nifty is falling down below blue dotted line as explained in previous post. Nifty has support at YELLOW line which if broken down trend will be resumed. 

Nifty 1 Dec 2015

                                                                    5 mins chart

Nifty is overall in uptrend although its intraday  trend is down. Overall trend may change if nifty slipps below dotted line.

Nifty 27 Nov 2015

                                                                5 mins chart

Nifty is facing some resistance at higher level but it's overall trend is up until it holds above YELLOW line.

PS - There is always any one of the four outcomes of a trade :  Big profit, small profit, small loss or big loss.  As a trader we should always take care to avoid big loss and for that we should always trade with proper stop loss. 

Nifty 26 Nov 2015

                                                                           5 mins chart

Nifty should sustain above YELLOW line for further uptrend. 

Nifty 23 Nov 2015

                                                                 5 mins chart

Today, Nifty tried to break out of YELLOW line two times but failed and now fell down further. YELLOW line is a trend decider and below which Nifty is in downtrend and above it it is in uptrend. 

Nifty 20 Nov 2015

                                                                     5 mins chart

Nifty is bullish as long as it holds the YELLOW line below but now it is overbought.

Nifty 19 Nov 2015

                                                                           5 mins chart

Nifty looks positive after it opened gap up today and taken support at WHITE line. Trend reversal will be confirmed above YELLOW line. 

Nifty 16 Nov 2015

                                                                      5 mins chart

Oversold Nifty is now bouncing back. But trend reversal will be confirmed only if Nifty crosses the YELLOW line above. 

Nifty 10 Nov 2015

                                                                5 mins chart

Now Yellow line (near 7871) is an important line to watch (for trend reversal) below which trade with the trend (which is bearish)

Nifty 6 Nov 2015

                                                                    5 mins chart

Nifty is very weak below YELLOW line. And it is trading sideways bearish bias. 

Nifty 5 Nov 2015

                                                                    5 mins chart

Nifty did not sustain above day's low yesterday and corrected heavily. Today it opened in red and slipped further down. This is indication that nifty has some more downside from current level. If nifty manages to break out of the YELLOW line (near 8000) above then it is a trend reversal.

Nifty 4 Nov 2015

                                                                      5 mins chart

Nifty is making newer highs since last two trading sessions is an indication that it has some more upside from current levels. Nifty should hold today's low then it may touch dotted RED line near 8145 which is a strong resistance upside.

Nifty 30 Oct 2015

                                                             5 mins chart


Nifty is in downtrend and may go down further but  it is oversold too. It may give some upside technical bounce in coming sessions. 

Nifty 27 Oct 2015

                                                                     5 mins chart

Nifty has opened a gap down and has made a new low in last 2 trading sessions, If it continues to make newer lows then downtrend is confirmed. 

Nifty 21 Oct 2015

                                                                   5 mins chart

Nifty is showing signs of weakness at higher level.It may fall down further, but trend reversal is not yet confirmed.

Nifty 16 Oct 2015

                                                                           5 mins chart

Nifty is still in downtrend below RED line and any attempt to break out out this line is a trend reversal.

Nifty 12 Oct 2015

                                                                        5 mins chart

Nifty in a down trend below RED line as mentioned in previous post. It may fall down more from current levels. 

Nifty 9 Oct 2015

                                                              5 mins chart

Nifty is now overbought and the RED line (near 8202) is a further trend decider.

Nifty 5 Oct 2015

                                                              5 mins chart

Nifty resumed an uptrend above RED line as explained in previous post.

Nifty 1 Oct 2015

                                                                        5 mins chart

Nifty is facing resistance near RED line which needs to be crossed and sustained above for further uptrend. Nifty is in bullish trend (as mentioned in previous post) and trend reversal form bullish to bearish will only take place if nifty goes below YELLOW line.

Nifty 29 Sept 2015

                                                                      5 mins chart

Rate cut of 50 BPS in today's RBI credit policy is driving nifty upwards. It has recovered from gap down opening in the morning. But, Nifty needs to break out of  YELLOW line and sustain there for the confirmation of trend from bearish to bullish,

Nifty 28 Sept 2015

                                                                     5 mins chart

Nifty is trading sideways with bearish bias. The level of 7871 (yellow line) is a trend decider. Below yellow line the bias will be bearish and above it will be bullish.

My Apologies 14 Sept 2015

Due to personal issue, I won't be able to update this blog for a week.

PS - Trade with Trend and ongoing trend seems to be positive in my view. Just an analysis and not a prediction. I reserve the right to be wrong in case my analysis fails.

Nifty 11 Sept 2015

                                                                         5 mins chart

Nifty after sustaining above blue line went up yesterday as seen in the chart, which indicates a trend reversal and a sign that nifty may go up in coming days but the confirmation of further uptrend will be above yellow line at 7870.
After opening gap up today in the morning, Nifty is giving some correction and once the correction is over it may resume it's uptrend.

Nifty 10 Sept 2015

                                                               5 mins chart

Nifty after crossing blue line and sustaining above it will give first indication of change in trend. Below blue line the trend remains the same (bearish). 

Nifty 1 Sept 2015

                                                                 5 mins chart

Nifty corrected significantly below RED line and now trading just above its support (Yellow line). This gap down opening already given indication that trend has bent. If this supoort is broken down then there will be confirmation to resumption of bearish trend. 

Nifty 31 Aug 2015

                                                                 5 mins chart

Nifty is in uptrend as long as it holds red line at (8000).  Nifty may hit new highs abov ethat but below the red line it may change its direction.

Nifty 27 Aug 2015

                                                                5 mins chart

Nifty is holding YELLOW line today, below which nifty had given sharp fall yesterday. Nifty may touch RED line but today being expiry day of Aug series derivative contract, Nifty's further move may be uncertain.

Nifty 26 Aug 2015

                                                                    5 mins chart

The way the nifty is bouncing back from the lows is indicating that nifty has more upside and may touch RED line at 7998. Trend reversal (or resumption of bearish trend) should be below 7870.

Nifty 24 Aug 2015

                                                                     daily chart

Today was the worst day for markets in 2015. Nifty broke all the levels and now falling down like anything on global concerns. But remember one thing Bull markets are born on pessimism, It may not be born so early but at the time of pessimism things are available at very cheap prices. So investors who looking for value picks may start buying in smaller bites at this level.  While traders should follow the trend who is the best friend.

Nifty 21 Aug 2015

                                                                   5 mins chart

Nifty broke down below RED (trend decider line) line as well as broke down from side ways pattern which indicated more weakness to come as discussed yesterday. Also, I was anticipating nifty to touch YELLOW line (shown at 8352) but nifty closed just above it and today it opened gap down below the same level,showing more downside. As of now though nifty looks bearish.
 I personally squared off all short positions in morning as I am not getting any clue whether this down trend to continue further or nifty will have any bounce back. So now I have decided to stay in cash waiting for further clear trend to form on chart.

Nifty 20 Aug 2015

                                                               5 mins chart

Nifty broke down from RED line in the morning after trading around it for quite some time. Also it has broken down from side ways trend it had made in last 3 days. These all signs show nifty may give more downside from current levels and may touch YELLOW line which is a support. 

Nifty 19 Aug 2015

                                                              5 mins chart

From last 5 day's of nifty 5 mins chart, it is clear that nifty is trading sideways with bullish bias above RED line and has capacity to go further upwards if it holds that line.

Nifty 17 Aug 2015

                                                                        5 mins chart

From the chart it is seen that RED line is a trend decider. Now, above RED line nifty may go further upwards but below it more downside.

Nifty 14 Aug 2015

                                                                5 mins chart

Nifty after taking support at yellow line now trading near its first resistance (shown with RED line) Which nifty has to cross for further uptrend, failing which we might see downward pressure. 

Nifty 13 Aug 2015

                                                                5 mins chart

Nifty is now trading at oversold levels after a huge fall in last couple of days. It has a support at YELLOW line where it bounced twice in the past, but the confirmation of further trend may take some time.

Nifty 11 Aug 2015

                                                                          5 mins chart

Nifty could not break out of the RED line as mentioned in previous post and then sharply fell down is a sign that more weakness to come.

Nifty 5 Aug 2015

                                                            5 mins chart

Nifty is in  uptrend making higher highs and it may touch RED line, but RED line is a strong resistance and if nifty fails to break out of this line then it may fall down heavily.

Nifty 31 July 2015

                                                                       5 mins chart

Nifty is trading near yellow line (8440) which is an important level and it is a trend decider further. Crossing which it may continue uptrend.

Nifty 30 July 2015

                                                            5 mins chart

Nifty has some hurdle near 8470 but support near 8352 as seen in the chart. Overall longer trend in nifty is sideways and shorter trend is bearish below 8470 with today's bounce back. 

Nifty 27 July 2015

                                                              5 mins chart

Nifty has opened gap down and now trading below important level of 8470 which indicates further weakness if nifty sustains below it,