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Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.

Sensex 2000-2001 charts in resemblence with currently Nifty Weekly levels

23 sec read

Sensex Chart 2000-2001


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(Click on the chart for a bigger picture)
Chart Source : I had find the Sensex 2000-2001 chart from Mr.Pankaj in the below mentioned forum
http://www.vfmdirect.com/forums/show.cgi?topicid=1240251080#1240685894

Nifty Weekly Chart

look at chart of sensex for 2000-2001 and compare sensex values with current nifty values.
Looks upside is capped near 3700 region
Also 200 WEEK Moving Average comes near 3775 region.
But my doubt is reliance is already trading above 200 Week Moving Average…… 
Iam just putting the question in front of you…

Reliance Weekly Charts

Who is going to catch whom?
Will Reliance step down below 200 WMA or Nifty will try to move above
200 WMA
Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.
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3 Replies to “Sensex 2000-2001 charts in resemblence with currently Nifty Weekly…”

  1. First in First out ….Reliance above 200 WMA now Time For NSEThen reliance may come down and nifty will follow it.Weekly Stochastic has as already given sell.weekly Williams %R is also overbought signal for Reliance. There is a sharp Diversion for 14 & 20 week CCI for Reliance for 5 weeks.Similar Diversion for NSE for last 3 weeks and sell signal by StochasticWeekly CCI for NSE & Reliance are in overbought condition…This may take place in May 2009 less chances for April 2009.After Loksabha elections Hung House can create panic in market.

  2. sir i don’t know more about tehnical,but i am sure about NIFTY CYCLE:FIRST MAJOR SUPPORT:3200-3250 AND UPPER SIDE:3550-3750 AND NEXT UPPER LEVEL:4100-4200 AND THEN DOWN SIDE TO 3250-3350 AND THEN SLOWLY MARKET GO UP

  3. DOUBLE YOUR MONEY WITHIN 2 MONTHS GENUINELY.VISIT FOR FREE TRIAL.WWW.NIFTYPROFIT.UCOZ.COM

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