Analysing Nifty using various financial tools and applying the principles to the chart
Nifty Technicals
NMA Charts turn to sell mode on 30 Aug 2010 and still holding the sell signal with EOD Stop loss of 5512
NMA daily charts of Nifty turns to sell signal after 3 months(Approx)... with current trailing stop loss comes near 5536.
Nifty attempts to close below the 5 EMA(5435) Weekly Chart for the very first time since June,2010. Building open interest in 5500 is the...
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...
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....
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...
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...
Nifty hourly supports at 5437 failure to hold 5437 will target 5330 zone. Shorts are recommended only below 5437
Nifty hourly mode turn from sell to buy mode with hourly cloud support at 5410
From Daily Nifty Ichimoku cloud chart we could see that nifty candle had just above the cloud supports 5331 and holding still above the...
Most of the days in July has been ended in sideways fashion for Nifty especially between the 5EMA(High) and 5 EMA(low) line. Almost all...