Nifty Weekly Charts
On the weekly charts as per 5EMA high-Low strategy nifty is in sell mode for the past 7 weeks. And the RSI(2) and CCI(4) indicates oversold levels in Nifty Spot Weekly charts. and 5EMA Low at 5824. Nifty closing above 5824 on EOD basis will bring positive bias for the uptrend reversal.
Nifty Hourly Charts
Nifty hourly chart is in sell mode since 31st May 2013, Currently the resistance zone comes close to 5830. Overall it is better to reverse your position to long only if nifty trades above 5830.
Related Readings and Observations
Signs of Medium Term Trend Exhaustion in Nifty and Auto Stocks Nifty and Nifty Auto index is showing signs of possible medium term trend exhaustion on the weekly timeframe. Also recent surge in global markets volatility is a concern in the medium […]- Nifty future weekly observation- wealthcreator Nifty future closed the week on a very weak note. After the one way rally from past couple weeks of January series nifty future was looking tired and consolidating around 8800 to 9000 […]
- Nifty Weekly Observation 15-Dec-2014 As analysed and shared in previous weekly report the short term trend for market is down and its been a sell on rally since it broke the levels of 8550. This past week nifty future faced […]
- Nifty and Bank Nifty 90min charts for 26 Mar 2012 Trading Nifty and Bank Nifty charts are in sell mode on the 90min charts with resistance coming around 5320 and 10400. If nifty breaks on 90 min charts then traders could enter into positional […]
- Nifty Daily and Weekly Chart Analaysis Double bottom is visible on the Nifty daily charts near 4750 zone also the put writing in Oct 4700PE option series suggest that 4700 could be a strong support zone for the current series.
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Dear Sir,
In my charts in hourly it is showing buy at 5776.2 in nifty spot. Am i wrong
What level 5776.2 refers to?
Buy Indication is showing at 5776.2 in hourly
Which indicator you are using and what are the parameter settings?. Iam using intratrend for the hourly charts.
Sir,I am checking with the supertrend optimised afl in 1 Hour chart.
Good evening Sir.. I am long on Nifty futures using spot price from 5707 with SL at 5668 and tgt at 5870. your views pls.. thanks
My View has been already posted in the above article.
Thanks Sir! Truly, great view!
Dear Rajendran ji,
verry nice for showing the Nifty/comodity graph levels on your portal,
we/our groupappreciate it/like the showing levels (intraday)-very accurate.
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