Nifty waiting for more upside provided it sustains above the gap.
Monday, December 29, 2014
Wednesday, December 24, 2014
Nifty 24 Dec 2014 3:19 PM
Nifty has broken the gap and now trading below an important level of 8180. Both of these signs indicate further downside if nifty fails to breakout and sustain above 8180 and the gap.
Nifty 24 Dec 2014
After rallying 160 points from the gap of our Island reversal pattern nifty has corrected as per charts and still holding the gap. There is hope for bulls to come back in the market above this gap.
Tuesday, December 23, 2014
Nifty 23 Dec 2014
Nifty had opened gap down on 16th December and then opened gap up on 19th December has formed an ISLAND REVERSAL pattern due to gap up and gap down in the same area as seen in the chart. After gap down nifty went down by 250 points down so after gap up on 19th December nifty has possibility of going 250 points up as per charts. By now Nifty has completed around 160 points from the base at 8200.
Thursday, December 18, 2014
Nifty 18 Dec 2014 10:45 AM
Nifty is showing weakness at higher levels. Nearest support for nifty is at 8080 and nearest resistance at 8180.
Nifty 18 Dec 2014
Nifty has opened gap up but it is still below the important level of 8180 which may act as a resistance.
Tuesday, December 16, 2014
Nifty 16 Dec 2014
Nifty had broken down from 8180 which was support downside (refer to previous post). If nifty fails in any attempt to break out of 8180, it has a possibility to go down further.
Remember bearish trend is bent at the time of panic so trade with trend till it bends.
Monday, December 15, 2014
Nifty 15 Dec 2014
Nifty after opening gap down in the morning managed to fill the gap and now trading in green territory. Thick yellow line shown is a previous all time high breaking which on 31st oct 14 nifty rallied by more than 350 points upside.
Monday, December 8, 2014
Nifty 8 Dec 2014 10:22 AM
Weekly chart shows bend in trend. Market may not go down that easily as there is so much optimism among participants and near euphoria situation is getting built ( but not yet built).
The four most dangerous words in investing are ‘This time it’s different.’” - Sir John Templeton
Nifty 8 Dec 2014
Nifty has broken down from the our level of 8535 after long consolidation of last four trading sessions. Nifty to go down further if nifty fails to come above level of 8535 and we may see correction on daily and weekly charts as well.
Friday, December 5, 2014
Nifty 5 Dec 2014
Nifty is forming a triangular pattern as seen in the chart. Breakout or breakdown may occur from the triangle.
Tuesday, December 2, 2014
Nifty 2 Dec 2014
From the nifty movement, level of 8535 seems to be a very important level in terms of its trend in near future.
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