Nifty losses its gains and closed marginally negative on 31st, Dec 2008 As of now the trend is neutral.
For the coming session (1st Jan 2009) : Trend is positive until nifty remains above 2950 and short nifty only if drops below 2952 and remain in shorts if closes below 2950 for the day.
Related Readings and Observations
Nifty Ichimoku Support range Nifty hourly Ichimoku support range extends from 5100-5137. Buy Signal in Nifty is valid Until Nifty withstands the support range. Moreover today once again heavy put writing observed in […]- Nifty Positional Long and Short Based on TRIN
Chart Shown here is the Nifty chart in comparision with 10 day SMA of TRIN. Red Line - TRIN Blue Line - Nifty Here is a simple view for you when to initiate positional […]
- Elliot Wave Readings : Is the Sell off in Indian Market is Over Elliot Wave International had updated their views on Indian Maket based on elliot wave theoy. Have a look on it […]
- Copper – Upside Move Ahead – Technical Analysis Now copper is trading around 6913 of lme & as we can see on charts, copper provided a false breakout below the lower tradeline of the ascending channel.However it was able to bounce in […]
- Ideal Nifty trade for 11 Dec 2009
Ideal trade for Nifty is to Exit and Avoid long if nifty remains below 5270. Go long only if nifty opens above 5270. Nifty EOD Supports 5 EMA Low(5223) and 13 […]
- RTDF – Free Real Time Data Feed to Amibroker Real Time Data Feed to Amibroker RTDF is a light weight executable ( neither .Net nor Java) developed using C/C++. The demo release is free with NO time expiry and without proxy capability.
Leave a Reply