Nifty turns green on Daily charts before the diwali celebration. It turns to buy mode on daily charts after closing above the nifty daily resistance cloud. i.e above 6120 zone on EOD basis. Current supports near 6100-6108.
Related Readings and Observations
- Nifty turns to Sell Mode
Nifty is in sell mode on daily charts. Resistance comes near to 6123-6130 zone. Also nifty ends below 5 EMA line on weekly basis - Nifty Hourly Trading Charts for 25 Oct 2010
Nifty hourly(spot) ichimoku shows that nifty is in buy mode with ichimoku cloud support comes near 6028-6047 zone. - Ichimoku Cloud Charts turned to Sell Mode
Nifty Ichimoku Cloud yields a sell signal in nifty after closing below the cloud value 6007. The last Buy signal since 1st September 2010 had lasted nearly 38 trading session. And now the cloud res... - Nifty Hourly trading for 10th Nov 2010
Last buy signal in nifty charts has been made on 1st Nov 2010 since then nifty is holding the hourly buy signal for the past 7 trading session. Currently nifty hourly cloud supports are near 6240-6...
hi RR,
Thanks for the chart. On the NMA also, into + .
Have a nice day!
Yeh Moh. But it is little late when comparing to Ichimoku Cloud Strategy.