Gap up opening in the morning and now making higher highs. Nifty may have next stop near 8615. Trade with caution on long side as we had seen a strong bearish momentum recently and it might be just a bounce back.
Tuesday, March 31, 2015
Nifty 31 Mar 2015
Gap up opening in the morning and now making higher highs. Nifty may have next stop near 8615. Trade with caution on long side as we had seen a strong bearish momentum recently and it might be just a bounce back.
Monday, March 30, 2015
Thursday, March 26, 2015
Nifty 26 March 2015 2:40 PM
Nifty falling as expected but remember that in panic forms a bottom.
Nifty 26 March 2015
Now after gap down opening, nifty is trading near 8470 the level where nifty had taken support previously on 10th Feb 2015 and then we saw rally of more than 500 points and new life time high. Holding this level gives confidence to bulls for more upside from here. And if nifty breaks down from it and sustains below 8470 then downside continues.
Tuesday, March 24, 2015
Nifty 24 March 2015
Nifty after sharp upward rally to more than 60 points now facing resistance near 6815. We expect more upside if that level is taken out and it sustains above it. Huge downside if that fails.
Thursday, March 19, 2015
Nifty 19 March 2015 2:39 PM
Bull bear fight near 8745 (blue line) and then victory of bears.Nifty has a huge downside from here.
Wednesday, March 18, 2015
Nifty 18 March 2015
Nifty opened gap up today at 8643 touched our first resistance level near 8745 and fell sharply to touch support near 8675 (yellow line). Nifty must breakout of 8745 for the strong up move and vice versa when it breaks down from 8675.
Tuesday, March 17, 2015
Nifty 17 March 2015
Next stop of nifty is 8745 (blue line) and above this 8825 (red line). But remember that 8825 and 8745 are the resistances upside.
Friday, March 13, 2015
Nifty 13 March 2015
Nifty after opening gap up in the morning fell sharply when slipped below 8825 (shown with thick red line).
Thursday, March 12, 2015
Nifty 12 March 2015
Nifty trying hard to sustain above 8745. At upside, 8825 (marked with thick red line) is a tough resistance to cross.
Tuesday, March 10, 2015
Nifty 10 March 2015
Nifty may test support near white trend line as it did in the past as seen in the chart. Breaking that trend line may lead to further weakness.
Monday, March 2, 2015
Nifty 2 March 2015
Nifty is in uptrend as per the chart but there is a hurdle between 9000-8900 range due to consolidation and then sharp fall from its previous high which it made on 30th Jan when Nifty opened gap up little above the red line and then fell sharply. Nifty may attempt to touch this red line again making new new lifetime high but this red line line is acting as a resistance and white trend line is acting as a support and nifty is trading between these two since last 9th May 2014 when this bull run started.
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