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.