Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode with trailing resistance coming near to 10800 zone. Reverse the trade if the resistance breaks.
Nifty turns to buy mode with cloud supports coming near to 5460-5470 zone. And Bank Nifty still in sell mode with resistance near 10900. Go long in Bank Nifty above 10900
Nifty week end review on daily and 90 min timeframe and Nifty Option Details
Nifty and Bank Nifty turns to sell mode yesterday with ichimoku trailing cloud stop loss near 5505(approx) and 11032(approx) respectively. Green and Red arrows on the 90 min charts indicates Buy and Sell Signal respectively.
Possibly a shorter term temporary bounce back from lows towards the resistance cloud zone. Almost most of the basic indicators on hourly timeframe are oversold now.
Nifty will deliver a sell signal in SDA2 Trend trading system if and only if closes below 5982 on the daily charts.Nifty longs should be avoided if Nifty closes below 5982
Nifty hourly cloud holds the supports and currently the cloud is in raising mode along with the price with current cloud support near 6010 zone
Nifty at deadly hourly supports but still with longs. Go short for 50pts on nifty only if nifty breaks 5985-5990 zone on hourly basis otherwise only longs are preferable
Still hourly supports are at 5980. Shorts should be taken only below 5980 until then be with your longs
Nifty hourly currently in a buy mode with supports coming near to 5980. Reverse if nifty closes below 5980 on hourly basis until be with your longs.
Ichimoku hourly charts of Nifty shows that currently supports near 5948 and the hourly buy signal continues since 16th Dec 2010. Reverse the postions the sell if nifty dips below 5948
Nifty Daily Cloud resistance at 6080 and Nifty maintains the sell signal since Nov 12, 2010