Nifty had opened gap up in the morning above red trend line but could not sustain and slipped below it into the blood bath.
Friday, January 30, 2015
Nifty 30 Jan 2015
Nifty had opened gap up in the morning above red trend line but could not sustain and slipped below it into the blood bath.
Thursday, January 29, 2015
Nifty 29 Jan 2015
Nifty seems to have taken U-turn from red trend line as we had mentioned in the previous posts.
Wednesday, January 28, 2015
Nifty 28 Jan 2015 3:32 PM
The chart pattern seen in above chart occurs rarely and it is known as Pump and dump chart pattern. It is a very confusing chart pattern in which prices are pumped up continuously and when euphoria sets in they are dumped quickly to trap the bulls (masses who by now are fully convinced about strong bullish momentum).
Nifty 28 Jan 2015
Nifty is now trading near red trend line which was acting as a resistance as seen in the chart.
Friday, January 23, 2015
Nifty 23 Jan 2015
As mentioned in the previous posts, nifty after opening gap up above white trend line had a huge upside of over 300 points. Now nifty is approaching red trend line where it may face resistance. As seen in the chart this red trend line is acting as a hurdle from where nifty had fellen many times in the past.
Tuesday, January 20, 2015
Nifty 20 Jan 2015
Nifty now trading at new all time high. Previous all time high was at 8626.
Thursday, January 15, 2015
Nifty 15 Jan 2015
Nifty has opened gap up today with the news that RBI cut the repo rate by 0.25% which is being seen as a positive sign for the industry. Nifty is now trading above white trend line is one sign which is positive for bulls. But nifty should also break and sustain above 8445 which is a high it made on 5th Jan 2015, after making this high nifty fell down sharply and broke 8180 also. Now 8445 is a psychological hurdle breaking which huge upside awaits.
Wednesday, January 14, 2015
Nifty 14 Jan 2014
As I had mentioned in my previous post that nifty should hold the white trend line for further strength upside. But it closed below it yesterday and now trading in red territory are signs of further weakness. Nifty will be weaker if it breaks 8180. Above 8180 there is room for sudden upside.
Tuesday, January 13, 2015
Nifty 13 Jan 2014
Nifty is trading above white trend line is a positive sign and it may go up further from here provided it holds itself above that trend line.
Friday, January 9, 2015
Nifty 9 Jan 2014
Nifty had opened gap up above 8180 (yellow line which is a strong support) and went up to touch white diagonal trend line today in the morning. But Nifty failed to cross white line and corrected from there. Now 8180 is a DECIDER for near future trend of nifty.
Tuesday, January 6, 2015
Nifty 6 Jan 2015
Nifty has opened gap down today and now broke down yellow trend line (diagonal yellow trend line) which is bearish sign and nifty may fall down further if it sustains below this trend line shown in the chart.
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