Nifty 50 stocks study charts

Thursday, June 16, 2016

Nifty 16 June 2016

                                                                 daily chart

rom the chart it is seen that level of 8270 (shown with yellow line) is an important level upside which Nifty needs to break for further upside. Current trend shows Nifty may remain sideways before it find further trend. 

Friday, June 10, 2016

Nifty 10 June 2016

                                                              5 mins chart

Nifty had a strong spike on upside as seen in the chart.  Now, Nifty looks indecisive and  there is a chance of unexpected downside too.  RED line (which I metioned in previous chart is an important level to watch as breaking which nifty has a more downside.

Thursday, June 9, 2016

Nifty 9 June 2016

                                                                   5 mins chart

Nifty fel sharlpy from YELLOW line and now near RED line which is another important level. Nifty may go down further if this level is not held. 

Wednesday, June 8, 2016

Nifty 8 June 2016

                                                            5 mins chart

Nifty may either resume its uptrend or go down from YELLOW line which is an important level to watch now.

Wednesday, June 1, 2016

Nifty 1 June 2016

                                                         5 mins chart

Nifty took support at ORANGE dotted line yesterday. Current trend in Nifty seems to be sideways.