Nifty Ichimoku charts are with sell signal since 12th Nov with trailing stop loss of 6082
Posting Gann Charts after a very long time.Chart shown that Gann supports near 5640-5660 zone
Nifty remains with the sell signal with resistance coming near 6110
Nifty is in sell mode on daily charts. Resistance comes near to 6123-6130 zone. Also nifty ends below 5 EMA line on weekly basis
Last buy signal in nifty charts has been made on 1st Nov 2010 since then nifty is holding the hourly buy signal for the past 7 trading session. Currently nifty hourly cloud supports are near 6240-6275 zone. Short should be initated only if nifty closes below the hourly range.
Nifty turns green on Daily charts before the diwali celebration. It turns to buy mode on daily charts after closing above the nifty daily resistance cloud. i.e above 6120 zone on EOD basis. Current supports near 6100-6108.
30 min and hourly nifty charts are shown in the above picture with both the 13-13 Wilders Moving Average Channel Offset trading system and Ichimoku Cloud Trading strategy. Almost all the charts are in sell mode. It is recommended to follow any one strategy at any point of time and not to switch the strategy while you are in trade
Nifty Ichimoku Cloud yields a sell signal in nifty after closing below the cloud value 6007. The last Buy signal since 1st September 2010 had lasted nearly 38 trading session. And now the cloud resistance zone comes near to 6100 zone. Only a move above 6100 could turn the nifty to buy mode.
Nifty hourly(spot) ichimoku shows that nifty is in buy mode with ichimoku cloud support comes near 6028-6047 zone.
Nifty futures hourly sell signal turns green in the last two hours current trailing stop loss comes near to 6040 zone(i.e the red line – Lower Channel fo the 5-13 EMA Offset Channel
Just a quick update for Nifty hourly futures from the GCI Trading software(Metatrader platform) using 5 EMA Channel offset trading system. Currently the hourly resistance is near the upper 5-13 EMA Channel offset i.e @ 6100. Longs are recommended only if nifty surpassed and holds above 6100
Nifty Hourly sell signal continued for the third day and the trailing stop loss updated to 6134. While trading with Optimized Ichimoku Trading System the following things needs to be taken into factor