Nifty is in downtrend and may go down further but it is oversold too. It may give some upside technical bounce in coming sessions.
Friday, October 30, 2015
Nifty 30 Oct 2015
Nifty is in downtrend and may go down further but it is oversold too. It may give some upside technical bounce in coming sessions.
Tuesday, October 27, 2015
Nifty 27 Oct 2015
Nifty has opened a gap down and has made a new low in last 2 trading sessions, If it continues to make newer lows then downtrend is confirmed.
Wednesday, October 21, 2015
Nifty 21 Oct 2015
Nifty is showing signs of weakness at higher level.It may fall down further, but trend reversal is not yet confirmed.
Friday, October 16, 2015
Nifty 16 Oct 2015
Nifty is still in downtrend below RED line and any attempt to break out out this line is a trend reversal.
Monday, October 12, 2015
Nifty 12 Oct 2015
Nifty in a down trend below RED line as mentioned in previous post. It may fall down more from current levels.
Friday, October 9, 2015
Nifty 9 Oct 2015
Nifty is now overbought and the RED line (near 8202) is a further trend decider.
Monday, October 5, 2015
Nifty 5 Oct 2015
Nifty resumed an uptrend above RED line as explained in previous post.
Thursday, October 1, 2015
Nifty 1 Oct 2015
Nifty is facing resistance near RED line which needs to be crossed and sustained above for further uptrend. Nifty is in bullish trend (as mentioned in previous post) and trend reversal form bullish to bearish will only take place if nifty goes below YELLOW line.
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