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 call in July series and killed the premium of 5500 CE of July series since 13th July 2010

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 28th July 2010
  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 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....