Nifty 15 min Chart

Nifty Ichimoku Chart for both 15 min and hourly chart are shown here. From the 15 min charts we are able to infer the weakness as the candle is trading below the 15 min cloud resistance zone 5234. And from the hourly charts we cloud find that supports are available near 5163 zone. So the Ideal shorter term trade could be trading shorts by keeping 15 min Ichimoku cloud as trailing stop loss. Exit should be planned if nifty nears the 5170-5175 zone for shorter term trades.

Nifty Hourly Chart

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 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....