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Nifty Trading below Daily Cloud Supports
28 April 2010
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Nifty finally got down below the daily cloud supports. Trend got weak for medium term. Warning for those who holding
stocks on deliveries for shorter term. Resistance builts near 5288 levels on daily charts
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...
Written by:
Rajandran R
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[...] zone 5240 got broken and the next immediate support available near at 5060. Similarly there is a Ichimoku cloud breakdown in Daily Charts also. Its better to avoid long completely as 5240-5250 zone could be a shorter term resistance zone [...]
no sir next support is near 5160. break 5155 next support 5110(sltake long position)