Nifty 29 Sept 2015

                                                                      5 mins chart

Rate cut of 50 BPS in today's RBI credit policy is driving nifty upwards. It has recovered from gap down opening in the morning. But, Nifty needs to break out of  YELLOW line and sustain there for the confirmation of trend from bearish to bullish,

Nifty 28 Sept 2015

                                                                     5 mins chart

Nifty is trading sideways with bearish bias. The level of 7871 (yellow line) is a trend decider. Below yellow line the bias will be bearish and above it will be bullish.

My Apologies 14 Sept 2015

Due to personal issue, I won't be able to update this blog for a week.

PS - Trade with Trend and ongoing trend seems to be positive in my view. Just an analysis and not a prediction. I reserve the right to be wrong in case my analysis fails.

Nifty 11 Sept 2015

                                                                         5 mins chart

Nifty after sustaining above blue line went up yesterday as seen in the chart, which indicates a trend reversal and a sign that nifty may go up in coming days but the confirmation of further uptrend will be above yellow line at 7870.
After opening gap up today in the morning, Nifty is giving some correction and once the correction is over it may resume it's uptrend.

Nifty 10 Sept 2015

                                                               5 mins chart

Nifty after crossing blue line and sustaining above it will give first indication of change in trend. Below blue line the trend remains the same (bearish). 

Nifty 1 Sept 2015

                                                                 5 mins chart

Nifty corrected significantly below RED line and now trading just above its support (Yellow line). This gap down opening already given indication that trend has bent. If this supoort is broken down then there will be confirmation to resumption of bearish trend.