Nifty 50 stocks study charts

Wednesday, April 30, 2014

Nifty 30 April 2014 1:54 PM

                                                          5 mins chart

Nifty could not sustain above the trading channel and fell sharply. It may reach 6650 in coming sessions.

Nifty 30 April 2014 9:48 AM

                                                                   5  mins chart

Nifty broke down of trading channel (as seen in the chart) yesterday and now it managed to recover and come above it. If nifty remains above the channel it may go up further.

Friday, April 4, 2014

Nifty 4 April 2014 12:48 PM

                                                                  30 mins chart

Nifty after breaking out of a channel yesterday now trading sideways which may be an indication that it may go up soon.

Tuesday, March 25, 2014

Nifty 25 March 2014 8:16 AM

                                                                30 mins chart

Nifty has given a breakout after the consolidation of ten trading sessions, which indicates some more upside from here. Level of 6560 is a very important level down level ad should act as a support. 

Tuesday, March 11, 2014

Nifty 11 March 2014 10:34 AM

                                                          30 mins chart

Rising triangle says some more correction in coming days. Nifty faced resistance near yesterday's high.

Friday, March 7, 2014

Nifty 7 March 2014 3:01 PM

                                                     30 mins chart

Nifty broke the resistance (refer to previous chart) and now trading all time high. This is a pre-election rally as expected.

Wednesday, March 5, 2014

Nifty 5 March 2014 9:36 AM

                                                             30  mins chart

Nifty has opened gap up near 6332 which was the high on 24th Jan 14's gap down opening from that day on nifty started its down trend to touch low of 5933 on 4th Feb 14. Thus 6350-6330 is a strong resistance zone upside.