Nifty 50 stocks study charts

Tuesday, April 28, 2015

Nifty 28 Apr 2015

                                                                  daily chart

Nifty is now trading below its previous low at 8269 and since morning trying to break out of it. Nifty is now at oversold level and 8269 is a level which may decide further trend.

Thursday, April 23, 2015

Nifty 23 Apr 2015

                                                              5 mins chart

Nifty recovered from oversold levels yesterday after a panic fall and now trading near 8470 level which is important in terms of direction. Above 8470 Nifty may go up to 8615 an immediate resistance but before it does it should consolidate or correct from current levels. 

Tuesday, April 21, 2015

Nifty 21 Apr 2015

                                                              5 mins chart

As expected Nifty had a huge fall of more than 300 points as 8825 was a strong resistance upside. Now nifty is oversold because of yesterday's crash and now showing some bounce back. If nifty breaks out of 8470 and sustains above it then only change in trend is confirmed failing which we might see further downside.

Wednesday, April 15, 2015

Nifty 15 Apr 2015

                                                            5 mins chart

Nifty is trading near 8825 a very important level to watch in terms of direction.

Monday, April 13, 2015

Nifty 13 Apr 2015

                                                             5 mins chart

Nifty is trading near 8825 a level which has acted as a strong resistance in the past. If nifty is unable to break this level then we might see a fall.

Tuesday, April 7, 2015

Nifty 7 Apr 2015 1:48 PM

                                                                 5 mins chart

Level of 8615 is a resistance now, bulls may take over above it. 

Nifty 7 Apr 2015

                                                                          5 mins chart

Yesterday's resistance level 8615 acting as a support today. 

Monday, April 6, 2015

Nifty 6 Apr 2015

                                                                5 mins chart

Nifty is facing resistance near 8615.

Wednesday, April 1, 2015

Nifty 1 Apr 2015

                                                         5 mins chart

Nifty is holding 8470.