Nifty is about to break out of 8350 a level which decides further trend. Between 8350 and 8270 nifty should be sideways and above 8350 it should be in uptrend.
Friday, May 29, 2015
Nifty 29 May 2015
Nifty is about to break out of 8350 a level which decides further trend. Between 8350 and 8270 nifty should be sideways and above 8350 it should be in uptrend.
Thursday, May 28, 2015
Nifty 28 May 2015
Niftt opened gap up today but could not sustain above 5350 and slipped below it. It may go down further but today being expiry day of May 2015 derivative contracts there will be a high volatility in the index.
Tuesday, May 26, 2015
Nifty 26 May 2015
After taking U turn near 8470 nifty is now trading near another important level of 8350. If you see overall trend is bearish with nifty making lower tops and bottoms since last so many days. Trend reversal only if it holds 8350 and then breaks 8470 above.
Friday, May 22, 2015
Nifty 22 May 2015
Nifty is trading around 8470 an important level to watch in terms of direction. But at the same time keep in mind a very old but most important rule in trading - Trade with trend till it bends.
Monday, May 18, 2015
Nifty 18 May 2015
Nifty moving up as expected. It may touch 8470 in coming sessions an immediate hurdle.
Friday, May 15, 2015
Nifty 15 May 2015
Nifty is trading sideways since last few days. If observed the chart clearly it is seen that nifty is acting like a bouncing ball with steep fall followed by 'dead cat' bounces. This indicates if nifty crosses its previous low then it will have a huge upward movement in coming days. Now nifty is facing resistance near its previous low. Trade with CAUTION in any direction.
Monday, May 11, 2015
Nifty 11 May 2015
Nifty broke out of its previous low at 8269 and now trading at day's high. It is approaching near the level from where it fell down sharply last week on 6th May. It may give a correction from those levels again.
Friday, May 8, 2015
Nifty 8 May 2015
Nifty made a panic bottom yesterday and then bounced back from the oversold levels by opening gap up today. Previous low at 8269 is an important level and also a strong resistance upside. Nifty also should sustain current levels to go up further.
Subscribe to:
Posts (Atom)