Gap we made today in the opening should act as a resistance upside.
Friday, August 24, 2012
Nifty 24 august 12 11:22 AM
Gap we made today in the opening should act as a resistance upside.
Nifty 24 august 12 10:12 AM
Nifty is trying to take support on trendline as shown in chart after gap down opening today.
If sustains then one can buy with stop loss below trendline.
Nifty 24 august 12 8:39 AM
Nifty broke rising trading channel yesterday on downside which indicates further pressure today.
Thursday, August 23, 2012
Nifty 23 august 12 9:49 AM
Nifty may face resistance on trendline as shown in chart. It is also forming wedge like pattern which indicates some sideways movement if trendline is not broken.
Wednesday, August 22, 2012
Nifty 22 august 12 10:22 AM
Nifty is in bullish trend but gap which it made today in the opening should act as a resistance upside.
Friday, August 17, 2012
Nifty 17 august 12 9:34 AM
Nifty broke horizontal trading channel (refer to previous post) and now looks strong it will face some resistance dut to earlier top at 5390 we made as seen in chart.
Thursday, August 16, 2012
Nifty 16 august 12 1:05 PM
Nifty is touching its support 5365 again and again making it weak support.
If breaks the level then more down side. As shown in chart nifty is trading sideways since morning making horizontal trading channel.
Nifty 16 august 12 10:59 AM
Nifty weak as it it broke down from trading channel as shown in chart.
But it is still holding 5365 level which acting as a support downside.
Traders should give time to form a clear pattern on nifty to take any directional call.
Nifty 16 august 12 9:59 AM
Broke that rising trading channel as shown in chart. It should be weak throughout the day.
Support exists at 5365 downside.
Tuesday, August 14, 2012
Nifty 14 august 12 8:23 AM
Nifty had formed a triangle yesterday and then broke out of that in a huge uptrend as expected. Now on upside there is a resistance near 5365 level where we may spend some time. If we are unable to cross that then we may come down again.
Monday, August 13, 2012
NIfty 13 august 12 2:17 PM
Nifty is trading sideways since friday which formed a wedge as seen on chart.
still breakout or breakdown needed.
Nifty 13 august 12 9:58 AM
nifty is trading sideways and formed a triangle as seen in chart. We need a breakout or breakdown to find a direction.
Thursday, August 9, 2012
Nifty 9 august 12 11:55 AM
On 30 mins chart nifty is trading sideways forming horizontal trading channel.
Tuesday, August 7, 2012
Nifty 7 august 12 9:46 AM
Nifty broke resistance 5290 and now trading above it if sustains then some more upside.
Monday, August 6, 2012
Nifty 6 august 12 1:12 PM
Double top formation at 5290 acting as a resistance. Which need to be crossed for further uptrend.
Nifty 6 august 12 9:43 AM
Huge gap up opening today supported by global cues should take this upward rally above 5300.
Friday, August 3, 2012
Nifty 3 august 12 10:52 AM
Nifty may find a support from where it bounced back on 31 july shown in chart. but the support is weak considering gap down.
Nifty 3 august 12 9:25 AM
Breakdown below horizontal channel and gapdown opening indicates some pressure today.
Thursday, August 2, 2012
Nifty 2 august 12 2:38 PM
Nifty on 30 mins chart is now trading in horizontal trading channel as shown in the chart. Which needs breakout or breakdown of the channel to find direction.
Nifty 2 august 12 9:42 AM
Nifty has made a rising triangle yesterday from which it broke down today (gap down opening) which indicates some more weakness today.
One should be with stop loss with any direction.
Nifty 1 august 3:30 PM
On daily chart of nifty 50 DMA has crossed over 200 DMA which indicates bullish momentum that will remain for some time. As per technicals it is called as GOLDEN CROSSOVER. But as wise strategy one should always be with stop loss in any direction.
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