Nifty openened gap down which is a concern for bulls and may be bearish.
Friday, May 31, 2013
Nifty 31 MaY 2013 9:19 AM
Nifty openened gap down which is a concern for bulls and may be bearish.
Nifty 31 May 2013 8:46 AM
Nifty after many efforts to break the resistance zone finally broke it and managed to close above high of 29th May 13 (6122) at 6124. This indicates bullish momentum will continue. But to confirm bullish momentum it should sustain above yellow line for some time.
Wednesday, May 29, 2013
Tuesday, May 28, 2013
Nifty 28 May 2013 10:41 AM
Nifty broke down from the small triangular pattern which is caution for the bulls.
Nifty 28 May 2013 8:59 AM
Daily chart says nifty has more upside from here but it needs to cross the gap between 6054-6095 and sustain above 6100 which may take nifty to newer highs. Yesterday's trade with trend after wait and watch strategy is applicable today also.
Monday, May 27, 2013
Nifty 27 May 2013 9:32 AM
Nifty is in the resistance zone which is due to the gap as seen in the chart. If breaks it and trades and sustains above 6022 then we may see a rally. If unable to cross the level then after some consolidation it may gow down. Wise strategy is to wait and watch and then enter the market in the direction of the trend.
Friday, May 24, 2013
Thursday, May 23, 2013
Nifty 23 MAy 2013 23 May 2013
Nifty is facing resistance at the gap as shown in the chart.
Nifty 23 May 2013 12:48 PM
Nifty s taking support near 5980 level same level from where nifty bounced back last week to make new yearly high as shown in the chart.
Nifty 23 May 2013 11:24 AM
Nifty is breaking all the supports and falling down due to heavy sell off in Nikkie and Ben Barnake's yeaterday's statement.
Nifty 23 May 2013 9:48 AM
Nifty after a gap down opening now trading in a channel where it may spend some some time giving opportunities on both the sides.
Wednesday, May 22, 2013
Nifty 22 May 2013 9:39 AM
Nifty is facing resistance at the lower trend line of the channel ( shown with red color). Gap up opening is a positive sign but yesterday the way nifty did not sustain on higher level and gave up all the gains seems to be a bearish. Today's Ben Bernake's statement may help give nifty a direction tommorow.
Tuesday, May 21, 2013
Nifty 21 May 2013 9:42 AM
Nifty is trading in the channel and may remain sideways as long as it trades in it today. Breakour on either sides may give direction up or down.
Monday, May 20, 2013
Nifty 20 May 2013 3:17 PM
Nifty is now trading near lower trend line of the channel which if broken nifty may slide down further.
Nifty 20 May 2013 2:213 PM
Nifty brokedown from the triangle and corrected but holding the level of 6200.
Nifty 20 May 2013 11:22 AM
Nifty trading in the triangle from which breakout or breakdown may happen.
Nifty 20 May 2013 8:31 AM
Nifty after sideways movement in a channel managed to close above the channel which is a positive sign.
Friday, May 17, 2013
Nifty 17 May 2013 9:34 AM
Nifty after moving up now looks tired and trading sideways in horizontal trading channel.
Remember this is the month of May and historically markets have closed in RED on monthly basis in the May and this May 2013 whether it proves to be an exception is to be seen but traders should be cautious on higher levels.
Wednesday, May 15, 2013
Nifty 15 May 2013 9:57 AM
Global markets and liquidity is helping our markets recover sharply from the lows we made yesterday. This sharp recovery with double bottom support we made may take this rally to newer highs.
Caution: Month of May is known historically for bears and it is to be seen whether this May 2013 does reverse that trend.
Tuesday, May 14, 2013
Nifty 14 May 2013 9:32 AM
Nifty is breaking supports and is unable to break the resistances is the sign of Bearish trend. As I said few sessions back that as per charts bears may take control anytime ( http://niftystudycharts.blogspot.in/2013/05/nifty_8.html ). Nifty is now near support zone of 5950-5970 and may take support here.
Monday, May 13, 2013
Nifty 13 May 2013 9:57 AM
Nifty has broken down from the rising triangle which is a bearish sign and also we tested the level of 6011(top of January 2013 and of previous bull rally) on saturday which is acting as a resistace.
Thursday, May 9, 2013
Wednesday, May 8, 2013
Nifty 8 May 20313 11:13 AM
Nifty has broken lower most trend line of the channel which is caution for the bull and sign that bears may take control any time.
Nifty 8 May 2013 9:53 AM
Nifty is trading in upward trading channel which and now facing resistance on the uppermost trend line of that.
Tuesday, May 7, 2013
Nifty 7 Apr 2013 9:38 AM
Nifty has broken the uppermost trend line of the channel and now trading above 6000 as I had posted yesterday. Trend is bullish till now and buy on every panic dip you get on higher side.
Monday, May 6, 2013
Nifty 6 May 2013 2:18 PM
Nifty is facing resistance at the uppermost trend line of the channel which if broken may take nifty beyond 6000 but failing which nifty may correct from here.
Nifty 6 May 2013 9:33 AM
Nifty is trading in a downward trading channel and now near lowermost trend line of the channel which may act as a support.
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