Nifty 25 Feb 2014 8:19 AM

                                                                        daily chart

Nifty after facing resistance at 100 DMA (at 6160) finally broke it yesterday and managed to close with higher high at 6186 which indicates more upside from here. Level of 6242 (previous base at higher level) and also the gap it made last month in a downtrend (6266-6186) should act as a resistance.

Nifty 20 Feb 2014 10:06 AM

                                                                 daily chart

Nifty closed just near the 100 DMA at 6152 yesterday but today's gap down opening indicates weakness at heigher level and also opens the gate for more downside from here. 20 DMA at 6095 may act as a support downside.

Nifty 18 Feb 2014 9:38 AM

                                                             30 mins chart

Nifty after correcting from the triangle (refer to previous post) managed to recover and now trading above the it which is a positive sign. But for the confirmation of the break out it should cross the resistance zone and sustain above it.

Nifty 13 Feb 2014 10:23 AM

                                                                  daily chart

Nifty could not sustain above the triangular pattern but fell below 6070 which is a bearish sign and nifty may go down further.

Nifty 12 Feb 2014 9:33 AM

                                                         daily chart

Nifty broke out of triangular chart pattern which is a bullish sign. But at the same time as I have mentioned in my previous post level of 6070-6120 is a resistance zone due to which  nifty may be weak at higher level.

Nifty 7 Feb 2014 9:50 AM

                                                               30 mins chart

Nifty after opening gap up now facing resistance at 6070-6100 resistance zone. 

Nifty 6 Feb 2014 9:05 AM

                                                                  daily chart

Nifty closed above the upper trend line of the downward trading channel which is a positive sign.

Nifty 5 Feb 2014 9:25 AM

                                                         daily chart

Nifty is facing resistance at the upper trend line of the channel and still holding 200 DMA level (at 5975)

Nifty 4 Feb 2014 9:25 AM

                                                                   daily chart

Nifty has opened below 200 DMA (5975) and also below the support of 5975 which is a bearish sign. Nifty is also trading in downward trading channel (as shown in the chart) which indicates recovery from the current level if nifty manages to break out of the channel. But for the strength in the uptrend it should close and sustain above 200 DMA and 5975.