Still a gap near 4090 left unfilled which may act as a intermediate as of now.
Failing to close below 4090 may target nifty towards 3800 once again.
Hourly Charts
As per the houly charts nifty retraced 38.2&(fibonacci) from its recent high 4303.
And also stochastic looks highly oversold.And RSI is still in rising mode from the with a retracement upto 50%. So a possible upside rally may extend upto 4225. And on the downside Support comes near 4120-4090 range. And any closing below 4090 will strictly take us to 3800 levels
Related Readings and Observations
Nifty hourly trend for 14 July 2010 Trading Hourly trend of Nifty remains positive with the Ichimoku hourly Cloud supports coming near the 5347 zone.For the past three days there is a heavy OI builtup seen in 5500CE. Does it mean […]
P&F Charts for Nifty
Charts Show here is a P&F Charts for Nifty with Double Top Breakout on 8th Dec with Bullish Price Objective of 3350. And Reversal is likelyonly below 2750(As […]
Intresting GANN FAN Chart for Sensex
GANN FANN chart for Sensex drawn between the OCT 2001 Low(2600) and Jan 2008 High(21,000). Check out the Support levels. And How Sensex Behaved near the Gann Supports. Its […]
Nifty Intraday Notes Using 5 EMA + 2 Period RSI
It is a multiple trading strategy in especially in nifty to trade each trend and 5 EMA,Price Closing of the candle,And 2 period RSI is used to make decisions for your […]
Nifty Trend Update for 21st Jan 2009
Trend Turns from Positive to Negative with Resistance at 2815As the RSI falling below 50 shows a fresh kickstart of downtrend Advancing stocks/Declining Stocks […]
HDFC Bank PayZapp – All Payments, One App, One Click HDFC recently introduced their new all-in-one app PayZapp for making payments and money transfer mobile app. This is a unique invention of app launched by the leading bank of India to help […]
Leave a Reply