December 4, 2013
NIFTY ANALYSIS
Though Nifty has closed above all the Day TF parameters, it could not breakout from the resistance of 6225-6230 levels.
December 2, 2013
NIFTY ANALYSIS
Nifty reached the Weekly Channel resistance and was not able to move past it and closed just near the resistance and below week HEMA. This might put a pause in the uptrend but considering the Weekly candle - it is a MARUBOZU (CLICK HERE) - which is Highly Bullish.
| DAY VALUES | |||
| HIGH | 6183 | 5 EMA | 6109 |
| LOW | 6104 | 5 DMA | 6100 |
| CLOSE | 6176 | 10 DMA | 6101 |
| HI EMA | 6132 | 20 DMA | 6128 |
| LEMA | 6066 | 200 Hr MA | 6151 |
| Week Values | |
| HIGH | 6183 |
| LOW | 6030 |
| CLOSE | 6176 |
| HI EMA | 6198 |
| LEMA | 6007 |
| 5SMA | 6137 |
| 5EMA | 6108 |
November 29, 2013
Nifty Analysis
INTRADAY UPDATE 11.00 AM:
Nifty has reached the weekly channel resistance @ 6182.6 - current high. partbooking as mentioned earlier is done. Holding the rest with a trailing SL with Current Day HEMA and 20 DMA @ 5130 levels.
Nifty high at weekly Channel resistance
Nifty has reached the weekly channel resistance @ 6182.6 - current high. partbooking as mentioned earlier is done. Holding the rest with a trailing SL with Current Day HEMA and 20 DMA @ 5130 levels.
| TRADE | STOPLOSS | REASON FOR Stoploss |
| Bought at 6050NS on 26/11 | EOD close below 6130 | 20DMA/Day HEMA/5Week SMA |
| Part booked at 6180NS/6225NF |
Nifty high at weekly Channel resistance
November 28, 2013
NIFTY ANALYSIS
For the past two days Nifty has held on to the support of 6030 levels-Week channel, Day LEMA and 50 DMA Support and has closed above it.
Today's Support Level - 6000-6020 - 20pts +or- Day LEma
Today's resistance Level -6140-50 - 20 DMA
Break below 6000 would be a swift fall.
Today's Support Level - 6000-6020 - 20pts +or- Day LEma
Today's resistance Level -6140-50 - 20 DMA
Break below 6000 would be a swift fall.
November 26, 2013
NIFTY Analysis
Intraday Update at 3.15pm:
Nifty could be Bought at today's low levels 6050 -with SL 50DMA -6040 - as Nifty is likely to close above day LEMA. Today niftys' journey has been from Day HEMA to Day LEMA.
NIFTY ANALYSIS:
The low of 5970 was held and Nifty has given a bounce back of 100+ points. Now for few charts.
WEEKLY CHART:
Nifty has taken the channel support and is heading towards the channel resistance @ 6180-90 - coinciding with the CURRENT MONTH HEMA - being very crucial as this week end is month end too.
Nifty could be Bought at today's low levels 6050 -with SL 50DMA -6040 - as Nifty is likely to close above day LEMA. Today niftys' journey has been from Day HEMA to Day LEMA.
NIFTY ANALYSIS:
The low of 5970 was held and Nifty has given a bounce back of 100+ points. Now for few charts.
WEEKLY CHART:
Nifty has taken the channel support and is heading towards the channel resistance @ 6180-90 - coinciding with the CURRENT MONTH HEMA - being very crucial as this week end is month end too.
November 24, 2013
NIFTY ANALYSIS for the WEEK
Nifty has closed at a critical juncture of 5970 levels as per monthly charts. It has retraced upto the junction of support lines again. 5900 is the maximum support for further upsides. Break of 5900-5860 levels would be disastrous - as supported by Day charts
Nifty has closed the week making a double bottom at 5972 supported by Day channel.
Nifty has closed the week making a double bottom at 5972 supported by Day channel.
November 20, 2013
NIFTY ANALYSIS - Bullish and Bearish patterns
Nifty found support at 5970 levels as mentioned in the earlier post and has rallied upto 6210 - 61.8% retracement - the Golden Ratio.
Currently in Day charts both Bullish and Bearish Patterns are in the making.
Bullish Scenario:
DAY Three Drive Pattern Chart:
Currently in Day charts both Bullish and Bearish Patterns are in the making.
Bullish Scenario:
DAY Three Drive Pattern Chart:
