Posting Gann Charts after a very long time.Chart shown that Gann supports near 5640-5660 zone
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 supports are near 5354
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 5410-5435 barrier. Gann lower end supports next 5410 are available near 5210 zone.
Chart shows that Nifty hourly mode @ GANN Supports zone 5417-5410. Breakdown below the support zone will target the next support zone 5200
Nifty hourly resistance still near 5466 zone and continuing the sell mode. Also in yesterdays action it nears the first GANN Support zone 5375-5370 region. As the GANN Supports are in increasing mode the current supports zone has increased to 5380 zone. Any breakdown below 5380 will target the next GANN Support zone 5200.
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 shows the continuation of the buy mode with hourly supports near 5456. Also the rising trin charts shows that recently there are more declining stocks than the advancing stocks in terms of volumes which indicates the possibilities of bearishness in shorter term. Any failure to hold 5456 could target nifty towards the next available gann support zones 5370 and 5180
Nifty hourly supports at 5437 failure to hold 5437 will target 5330 zone. Shorts are recommended only below 5437
One of the regular reader(Savani Keshav) of marketcalls requested for posting the long term GANN charts of Nifty. As of Now the long term GANN Supports are still in the increasing support near to the region 5025-5032 zone.Nifty Daily Charts(2,20) holds the buy signal with a trailing stop loss of 5192
Nifty Long term GANN FAN supports near 4692. Charts are bit older(Updated as on 18th May 2010)