Charts shows that buy signal which started on 6th July remains valid till now without breaking the trailing stop loss line, And the current trailing stop loss lines near the 5432 zone. Long Should be reversed only if nifty fails to sustain below 5432.
Long term GANN Fan Charts of Nifty shows that it is trading currently between the long term resistance line 5400 and the long term support zone 5200 pts. Still there could be a possibility of oscillation before the breakout or breakdown occurs. Remember currently the bias is on negative side as nifty is trading below the cloud supports as shown below with the cloud resistance of 5293
NMA Chart analysis for Daily and Weekly Nifty Charts and Statitics results for long only trades from daily nma charts since post election rally
This is Weekly NMA chart of Nifty with Buy/Sell Indications. Check out the distance between each buy and sell signal in nifty in weekly timeframe. Recently there is a Sell Signal at 4757 during last week.
NMA(Nick Moving Average) alias NRTR(Nick Rypock Trailing Reverse Trading system) uses Heikin-Ashi Technique. Heikin-Ashi is a type of candlestick chart that shares many characteristics with standard candlestick charts, but differs because of the values used to create each bar. Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, the Heikin-Ashi technique uses a modified […]
Watch the Video in Youtube Iam really bored with the market move. Its usually boring when the market is moving in a sideways fashion. How about trying a funny thing? Iam just presenting the NMA Buy/Sell Signal Bar Replay video taken from the Amibroker software. Its quite funny to use the Bar Replay future […]
Long Nifty in Dips with a stop loss of 5062(200 Hourly Moving Average). Reverse the position only if nifty closes below 5062 on EOD(End of the day) basisCharts used : Hourly NMA Charts with k factor = 2 and ATR = 20 Source: www.marketcalls.in
NMA Signal turns to Buy in Nifty Daily chart Source: www.marketcalls.in
Nifty had produced a fresh NMA sell signal at 5042 as on 16 Dec 2009. One can short nifty only if it dips below 5000 for a target of 4780 zone Source: www.marketcalls.in
Go Long/Reverse Signal at 5121 Generated on 1 Dec 2009 NMA Buy/Sell Signals for Nifty Daily/Weekly will be updated in a seperate blog NMA Charts. Nifty hourly and other NMA Buy/Sell Stock will be posted either on twitter request(Twitter) or via mail.Posting will be done only after non market hours. Source: www.marketcalls.in
1)5 EMA Weeky – Provides a Fresh Buy Signal with supports at 4912 2)5 EMA(High-Low) Daily – Buy signal retains with first support zone at 4975 and second support zone at 4875 3)5 EMA(High-Low) Weekly – Indicates instant resistance zone at 5005. Weakness will prevail if nifty is not able to cross above these levels […]
Reliance, the most difficult part to play the trend for the past few months and from the nma charts it not giving up the 200 day moving average since april 2009. Long term weakness will prevail only if this stocks indened to dip below 1800. Source: www.marketcalls.in