Nifty trying to break the flag (or channel) upside but if it fails to break it then there is a downside.
Monday, February 25, 2013
Nifty 25 Feb 2013 10:37 AM
Nifty trying to break the flag (or channel) upside but if it fails to break it then there is a downside.
Nifty 25 Feb 2013 8:39 AM
Nifty has formed a inverted flag pattern which is a bearish pattern. If pattern is broken upside then only there is a hope for bulls.
Friday, February 22, 2013
Nifty 22 Feb 2013 8:54 PM
Nifty formed a PLATAU indicating it is facing a resistance, Next day it opened gap down indicating some more downside.
Thursday, February 21, 2013
Nifty 21 Feb 2013 8:39 AM
Nifty is facing resistance at the lower trend line of the channel which indicates some downside in short term if unable to break the channel upside.
Wednesday, February 20, 2013
Nifty 20 Feb 2013 1:48 PM
Nifty broke the upper trend line of the channel ( As I said in my previous posts) and now trading near 5950 where it may face resistance.
Friday, February 15, 2013
Nifty 15 Feb 2013 9:56 AM
Nifty has opened below the channel and also below the base (as shown in th chart). Nifty must trade in the channel above the lower trend line of the channel otherwise nifty may go down further.
Nifty 15 Feb 2013 8:43 AM
Nifty is trading in downward trading channel since last two days. It has come now to the level where it bounced back 3 days back. Nifty is also testing support at the lower trend line of the channel.
Thursday, February 14, 2013
Nifty 14 Feb 2012 1:49 PM
Nifty is trading in downward trading channel. And it may break the channel on upside.
Nifty 14 Feb 2013 8:49 AM
Nifty is facing resistance as shown in the chart, also 5950 is also an impotant level upside. ( I am not able to update my blog in time as I am busy with some other work these days.)
Wednesday, February 13, 2013
Nifty 13 Feb 2013 8:52 AM
Nifty has formed a base as shown in the chart from where it bounced back yesterday. Nifty may correct on higher levels if it continues to move up in the coming days.
Tuesday, February 12, 2013
Nifty 12 Feb 2013 8:23 AM
On weekly chart, nifty is trading in the upward trading channel as shown in the chart making higher highs (bullish medium term trend). Nifty is testing lower trendline of the channel for the 4rth time making is week support. Breaking this support market may go further down and holding which there is an uptrend.
Friday, February 8, 2013
Nifty 8 Feb 13 10:35 AM
Nifty is testing support on the trendline on weekly chart as shown in the chart. If nifty hold it and trades above 5950 (where it is facing resistance) it may go up further.
Thursday, February 7, 2013
Nifty 7 Feb 13 10:19 AM
Nifty has found a support at the horizontal trend line as shown in the figure.
(refer to previous post also)
Wednesday, February 6, 2013
Nifty 6 Feb 13 8:47 AM
Nifty may find support at the level from where it took U turn on 11 Jan 13 (as shown in the chart). But the gap made yesterday may act as a resistance upside.
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