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

Related Readings and Observations

• Nifty hourly trading for 12th Aug 2010
  Hourly sell signal in nifty continues with cloud resistance 5462. GANN Supports/Targets are at 5370-5375 zone and 5180-5200 zone....
• Nifty hourly trading for 3rd August 2010
  Nifty hourly mode turn from sell to buy mode with hourly cloud support at 5410...
• Nifty hourly trading for 29 July 2010
  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...
• Nifty Hourly trade for 27 July 2010
  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 hourly trading for 26 July 2010
  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....