Nifty is facing resistance near RED line and may go down further. ORANGE dotted line is an important level to watch. Overall trend is up but overbought.
Tuesday, May 31, 2016
Nifty 31 May 2016
Nifty is facing resistance near RED line and may go down further. ORANGE dotted line is an important level to watch. Overall trend is up but overbought.
Friday, May 27, 2016
Nifty 27 May 2016
Nifty reversed its trend from down to up on 25th May and since then it has been making newer highs (after decisively breaking out of previous high). Now Nifty's one way rally without any correction shows that Nifty may be at overbought level now. (dotted ORANGE line at 8145 to watch)
Thursday, May 19, 2016
Wednesday, May 18, 2016
Nifty 18 May 2016
YELLOW dotted line is an important level to watch. Overall trend is still down but trend may change above YELLOW line.
Wednesday, May 4, 2016
Nifty 4 May 2016
Nifty has formed a base near BLUE line (which is a demand line). Nifty is bouncing back from oversold level now. But overall trend is down.
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