This time using the classical technical analysis tools to analyze the how to play the trend reversal in nifty. On the weekly charts as per 5EMA high-Low strategy nifty is in sell mode for the past 6 weeks. And the RSI(2) and CCI(4) indicates oversold levels in Nifty Spot Weekly charts. Currently 5800PE is the highest open interest builtup area among the other strike price.
Two charts in Nifty make me to think “Sell in June and Go Away”. The above charts is nifty june hourly future chart which recently turns to sell mode during the later hour of the friday session which indicates that the shorter term trend is in downward side and currently the resistance zone is coming around 6150
Nifty and Bank Nifty hourly charts are shown. currently both nifty and bank nifty is in prolonged buy mode and currently the positional trailing supports comes around 5954 and 12289 respectively. Reverse your positional strategy to shorts only if the supports breaks on hourly charts
Nifty 500 tick supertrend charts turns to positional sell mode on last thurday noon session currently resistance are coming closer to 5930 zone. Reverse your positions to longs only if 5930 breaks on closing basis.
Nifty on the 500tick charts turned to postional buy mode on last thurday trading session. And currently the support zone comes closer to 5756. Reverse your position to sell mode if the support zone breaks on 500 tick charts.
Nifty futures turned to maintains the positional buy mode in the 500 Tick Charts by EOD. Currently the support zone come near 5557.67 and reverse the position to sell mode if the support breaks on the lowerside.
Nifty futures turned to positional buy mode in the 500 Tick Charts during yesterday’s noon session. Currently the support zone come near 5527 and reverse the position to sell mode if the support breaks on the lowerside.
Nifty 500 Tick Charts Nifty futures is in strong sell mode since 3rd April and currently the resistance zone is coming near 5593.2. Reverse your position to positional buy if the resistance zone breaks on the 500Tick Charts. Nifty Futures Daily Profile Charts From the Profile Charts Value Area High (VAH) – 5592 and […]
Nifty 500 Tick Charts is in sell mode since 3rd APR 2013, Currently the Resistance zone is coming near 5614. Go long in Nifty only if the Resistance zone breaks on the upper side on the upperside. On the Daily Profile Charts the Value are high (VAL) is at 5655, Value Area Low is (VAL) at 5610 and Point of Control (POC)at 5640
Nifty April Futures Daily Profile Charts are shown. Yesterday nifty had formed a double distribution Trend Day pattern. A double distribution trend day occurs when trading is light during the day followed by a sudden expansion of the initial balance by the longer term market participants later in the session.
Nifty April futures 500 Tick Charts turns to positional buy mode on 28th March 2013. Trailing Stoploss zone come near 5700 and CMP : 5714.The monthly Market Profile on Nifty spot charts shows that the POC zone are developed near 5612 and 5677 respectively
Introducing a new style of trading with Tick Data based Charts for positional trading. I generally prefer 500tick Charts for executing positional strategies.