rom the chart it is seen that level of 8270 (shown with yellow line) is an important level upside which Nifty needs to break for further upside. Current trend shows Nifty may remain sideways before it find further trend.
Thursday, June 16, 2016
Nifty 16 June 2016
rom the chart it is seen that level of 8270 (shown with yellow line) is an important level upside which Nifty needs to break for further upside. Current trend shows Nifty may remain sideways before it find further trend.
Friday, June 10, 2016
Nifty 10 June 2016
Nifty had a strong spike on upside as seen in the chart. Now, Nifty looks indecisive and there is a chance of unexpected downside too. RED line (which I metioned in previous chart is an important level to watch as breaking which nifty has a more downside.
Thursday, June 9, 2016
Nifty 9 June 2016
Nifty fel sharlpy from YELLOW line and now near RED line which is another important level. Nifty may go down further if this level is not held.
Wednesday, June 8, 2016
Nifty 8 June 2016
Nifty may either resume its uptrend or go down from YELLOW line which is an important level to watch now.
Wednesday, June 1, 2016
Nifty 1 June 2016
Nifty took support at ORANGE dotted line yesterday. Current trend in Nifty seems to be sideways.
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)
Subscribe to:
Posts (Atom)