Nifty futures hourly mood is still in buy mode since breaking 5040. Current Ichimoku supports are available near
5316. Trend likely to turn down only below 5300 otherwise shorts are not recommended

Related Readings and Observations

• NMA turns Green after a heavy surge in Nifty
  NMA turns green finally after crossing the 5512 market after a heavy surge in nifty which turns nifty from sell mode to buy mode. And the current trailing stop loss comes near 5406...
• NMA Chart Update
  NMA Charts turn to sell mode on 30 Aug 2010 and still holding the sell signal with EOD Stop loss of 5512...
• Nifty hourly trading for 20 August 2010
  Hourly charts of nifty remains the buy signal with cloud supports near 5427 zone.Daily charts of nifty remains the buy signal since 10th June 2010. i.e the recent buy signal right from 5075 remains in buy mode for more than 2 months .Current cloud su...
• Nifty maintains the hourly sell signal for 19 August 2010
  Nifty maintains the hourly sell signal with resistance place at 5435 zone. And also spot nifty is holding the GANN Support zone 5410-5415 zone. As of now nifty nears the make or break kind of situation which could be confirmed after crossing the 5410...
• Nifty hourly trading for 17 August 2010
  Chart shows that Nifty hourly mode @ GANN Supports zone 5417-5410. Breakdown below the support zone will target the next support zone 5200...