Nifty may face resistance near red line (lower end of the channel) and if breaks the red line (at 6135 and enters the channel) then there may be short covering rally.
Thursday, November 28, 2013
Nifty 28 Nov 2013 9:58 AM
Nifty may face resistance near red line (lower end of the channel) and if breaks the red line (at 6135 and enters the channel) then there may be short covering rally.
Thursday, November 21, 2013
Nifty 21 Nov 2013 9:42 AM
Nifty opened gap down today near the high of 14th November breaking which nifty gained the strength to break lower end of the channel and rally till 6210 ( but could not touch 6220 which was higher end of the channel ). Nifty may take support near the gap up opening of 14th November or ate least it should hold the level.
Nifty 21 Nov 2013 9:25 AM
Nifty could not touch upper trend line of the channel and fell sharply after some failed attempts and broke lower trend line of the channel and closed below it is a bearish sign.
Monday, November 18, 2013
Nifty 18 Nov 2013 2:59 PM
Nifty after breaking the lower trend line of the channel (red line) now going up. It may touch upper trend line of the channel at 6220 in coming sessions.
Nifty 18 Nov 2013 9:18 AM
Nifty is trading near the red line which is lower trend line of the channel shown with two red lines as shown in the chart.
Tuesday, November 12, 2013
Nifty 12 Nov 2013 11:40 AM
Level which was acting as a support yesterday finally broken today as seen in the chart which confirms some more downside.
Nifty 12 Nov 2013 9:18 AM
Nifty taking support at the level from where it bounced back to give new 5 year high on 3rd Nov 2013. Nifty may have more strength once it trades in between two red lines.
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