Marketcalls

Simply Intelligent Technical Analysis and Trading Strategies

You are here: Home / Nifty Technicals / Nifty Weekly Chart

Nifty Weekly Chart

by Leave a Comment


 

Nifty CMP : 3234.9
 
As per the trend channel shown in the weekly chart. Nifty is a Buy Only above 3250.
From the figure it is witnessed that nifty has broken its blue trend channel and now
started trading between the red trend channel. Failure of nifty below red trend channel
will initiate continuation of long term selling pressure once again. If mangage to Nifty
close above 3250 will target 3800 and 4000 in short term
Source:
www.marketcalls.in

Related Readings and Observations

  • DOW-GOLD Ratio touched new lowDOW-GOLD Ratio touched new low The Dow/Gold Ratio chart shows the ratio of the price of the Dow to the price of gold. Another way to look at it is the number of ounces of gold it takes to buy one share of the Dow. For […]
  • It is prudent to Invest in a Savings Bank Account now?It is prudent to Invest in a Savings Bank Account now? We have all be eager to see the budget and how it would impact our budget. With the new financial decisions doled out by the finance minister stating the impact of certain investments, […]
  • Sector Overview : CNX IT – October 2015 Sentiment and Gap AnalysisSector Overview : CNX IT – October 2015 Sentiment and Gap Analysis CNX IT Daily Sentiment is negative and down for the consecutive 11 days. Possibly oversold and could bounce back in the shorter term. However last week earning results on the IT stock made […]
  • Price Action is not about Fancy CandlesticksPrice Action is not about Fancy Candlesticks Candlestick patterns are not an absolute trading method neither using them gives an edge in the Market. How many Times have you failed trying to buy and sell at conventional candlesticks? […]
  • Invest by Watching News? Accept These PitfallsInvest by Watching News? Accept These Pitfalls Did you know that the vast majority of portfolios are built on false assumptions? These false assumptions -- or Market Myths -- have been passed down across generations. They are so baked […]
  • Chart of the Day – Imports at record HighChart of the Day – Imports at record High India posted its second highest ever monthly trade deficit of $20 billion in January as imports surged to record highs, piling pressure on a widening current account deficit and limiting […]

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Leave a Reply

%d bloggers like this: