Before stepping into Monday its better prepare yourself to face the music of volatility in the markets. Last Friday the outcome of BRExit vote on leaving the European union had made a huge shock wave across major financial markets including Stocks, commodities and currency markets. And Fridays price action had done a major structural damage on the time series charts.
Nice discussion about our Interactive Charts. In this webinar we discussed about Interactive Charts features, Indicators, Custom Indicators, How to get custom indicators in Interactive Charts and How to utilize the charts on mobile/tablets/desktop, How to compare two different time-series data, How to load/save templates, How to use drawing tools like fibonnacci, gann, pitchfork and How to take screenshot of your trading studies.
Nifty on the Daily charts has been turned to sell mode on the supertrend charts this monday ( 23rd July 2012 ). And the Supertrend Composite indicator too turned negative i.e to sell mode on 24th July 2012 which indicates possible shorter term bearishness. Currently the supertrend trailing stoploss resistance line is near 5307.
Nifty opened negative in the morning and continued to play in the range of 4750 to 4850 since 3 sessions. Good for option-writers who started to eat premium as they are high in the beginning of the series. FNO turnover also quite less in the last 2 sessions. Now the key support on the downside is 4740 and close above 4860 only can unfold further move upside.
Nifty EOD SDA2 Trend trading charts are shown. Daily charts are in buy mode with trailing supports coming near 5447-5453 range. Any close below 5447 warns the medium term trend to turn downwards. Also still put writers are active near 5400 zone. Possibilities are there that 5450 will hold on EOD basis for the continuing uptrend.