Most of the days in July has been ended in sideways fashion for Nifty especially between the 5EMA(High) and 5 EMA(low) line. Almost all the Out of the money calls and puts expires worthless. As there is a popular saying that “Most of the time the movement of market’s direction will cause maximum pain to maximum people”.

Nifty hourly mode today turn from buy to sell mode. As of now the hourly cloud resistance are built near 5420-5425 zone. Bearsish call writers had
successfully dominated the 5500CE in July series

Ducascopy provides a free IEOD(1 min data) and EOD(Daily) data for many of the commonly used symbols like Gold,Silver,Forex World Indices like( Dow Jones, Sensex,CAC40,DAX,SSEC…etc i.e almost all the world indices) and most of the US stocks. I had provided the widget where you can extract the EOD or IEOD data in a csv format which then can be used further to build your own stock database.

Nifty maintains the hourly buy mode since 22nd July 2010. Hourly clouds are near the 5419-5427 band. Reverse longs only if the resistance band got broken on hourly basis otherwise shorts are not recommended.

Nifty maintains the hourly buy mode. Hourly clouds are still near the 5380-5390 band. Reverse longs only if the resistance band got broken on hourly basis otherwise shorts are not recommended.

Nifty maintains the hourly buy mode. Hourly clouds are still near the 5380-5390 band. Reverse longs only if the resistance band got broken on
hourly basis otherwise shorts are not recommended.

Enjoy the video!

Hourly charts of Nifty had made a reversal to Buy mode after 6 days of sideways consolidation. Ichimoku Cloud Supports are now near 5386 zone