Chart shown here is 90 min charts of Nifty recently with Buy signal with cloud supports coming near 5697. Position should be reversed if nifty drops below the cloud zone 5697
This time just showing the buy/sell signal for Nifty 50 Pack using the Ichimoku indicator. Charts are upto date as on 1st Oct 2010
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
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
Question : Can i trade in options of these 50 scrips using cloud only , will it be profitable to do so ? should i use hourly or daily charts for the same .? thanks in advance. – Jitin
Nifty 50 Stocks – Ichimoku EOD Chart Gallery Exclusively for Marketcalls Members. All the charts are Updated as on 31st 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.
Hourly charts of Nifty had made a reversal to Buy mode after 6 days of sideways consolidation. Ichimoku Cloud Supports are now near 5386 zone
Hourly charts of nifty shows that it had recently built the resistance cloud zone near the 5400 zone. Its recommended to be in short above 5400. Reverse the trade if nifty reverses above 5400
Nifty Hourly charts are still in uptrend with supports 5348 zone. But the 15 min charts had turned down recently with cloud resistance formed near the 5416-5427 band band. Those who are willing to short should hold the stop loss near the 5416-5427 region. Trade should be reversed if nifty surpasses the resistance band.