Nifty 27 July 2016

                                                  5 mins chart

Nifty seems to be tired after rallying over 600 points since 24th June (BREXIT voting day). We need more time for further confirmation of trend.  I did not post for long because of smooth uptrend we say since last few weeks.  (This YELLOW line is important level to watch)

Nifty 8 July 2016

                                                                5 mins chart

Nifty is facing resistance near RED line  as per chart since last 3 trading sessions. Overall trend in Nifty is up but if Nifty i unable to cross RED line and sustain above it then there may be some correction as per chart.