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.
Friday, July 31, 2015
Nifty 31 July 2015
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.
Thursday, July 30, 2015
Nifty 30 July 2015
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.
Monday, July 27, 2015
Nifty 27 July 2015
Nifty has opened gap down and now trading below important level of 8470 which indicates further weakness if nifty sustains below it,
Thursday, July 23, 2015
Nifty 23 July 2015
Nifty is unable to sustain above RED line. It may go down further if it sustains below it.
Tuesday, July 21, 2015
Nifty 21 July 2015
Nifty is trading sideways near our RED line. But it is weak below it and strong above it. If it continues to trade below it making lower lows then it may be a trend reversal from uptrend to downtrend and if t trades above it making higher highs it is continuation of uptrend.
Monday, July 20, 2015
Nifty 20 July 2015
Nifty is facing resistance near another important level of 6815 if it fails to cross this level then there may be further fall in the market. As mentioned in previous posts above 8470 ( termed as RED line in previous posts now colored yellow) nifty had strength for more upside.
Tuesday, July 14, 2015
Nifty 14 July 2015
Nifty is facing resistance near RED line and this uptrend will be confirmed if nifty breaks out of it. Nifty has a strong support at YELLOW line and weak support near blue line.
Tuesday, July 7, 2015
Nifty 7 July 2015
Nifty is sideways since last four days as per chart with RED line as a trend decider.
Wednesday, July 1, 2015
Nifty 1 July 2015
As mentioned in previous posts nifty showed strong uptrend above RED line and now giving correction at higher levels.
Subscribe to:
Posts (Atom)