Nifty 29 Jan 2016

                                                                  5 mins chart

I was expecting today's rally of more than 60 points to take place on yesterday, but Nifty suddenly fell down sharply in the latter half of the session and held on to the WHITE line and just closed above it. This sudden pullback of Nifty might be due to expiry day yesterday. As per the charts Nifty is about to break out of consolidation zone and has more upside from current levels.  

Nifty 28 Jan 2016

                                                                  5 mins chart

Nifty is trying to hold above  WHITE line since last two trading sessions which indicates Nifty may resume uptrend. 

Nifty 22 Jan 2016

                                                                 5 mins chart

For further uptrend Nifty must break out of the RED line and sustain above it. 

Nifty 20 Jan 2016

                                                                      5 mins chart

Nifty had a huge fall of over 600 points in last two weeks. And now it is bouncing back from oversold levels. Nifty should reverse it's trend from current levels and show some upward rally in coming sessions if manages to hold levels. 

Nifty 14 Jan 2016

                                                                     5 mins chart

From the chart it is clear that since last few trading sessions Nifty is bouncing back from the day's low as seen on 11th Jan, 13th Jan and 14th Jan (today). Even on 13th Jan Nifty opened gap up in the morning after making lower lows on 12th Jan. This behavior of Nifty like a bouncing ball indicates a bottom forming and further change in trend. Although it may be too early to say that uptrend may start because as per the chart  Nifty is in down trend so far.

Nifty 13 Jan 2016

                                                                5 mins chart

Nifty has further upside if sustains above ORANGE line. Trend is still down on daily chart. Change in trend will be above WHITE line (near 7610)

Nifty 11 Jan 2016

                                                              5 mins chart

Gap down in the morning then filling of gap by the end of today's session indicating that trend is about to change.  But change in trend is not yet confirmed. 

Nifty 8 Jan 2016

                                                                     5 mins chart

Nifty is trading sideways with slight negative bias. If it sustains above WHILE line then it may soar further up to touch YELLOW line. But trend in change is not yet confirmed. 

Nifty 4 Jan 2016

                                                               5 mins chart

Today Nifty opened gap down below dotted BLUE line and after touching and failing to break out of it fell down heavily. Nifty's such  a steep fall after consolidation of 3-4 trading sessions indicates down trend might have started. 

Nifty 1 Jan 2016

                                                             5 mins chart

Nifty seems to be in sideways trend now with downward bias with resistance near dotted BLUE line. Uptrend may resume once Nifty breaksout of dotted BLUE line and stains above it.