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
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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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Sathyamurthie says
June 17, 2013 at 9:35 amDear Sir,
In my charts in hourly it is showing buy at 5776.2 in nifty spot. Am i wrong
Rajandran R says
June 17, 2013 at 12:47 pmWhat level 5776.2 refers to?
Sathyamurthie says
June 17, 2013 at 1:28 pmBuy Indication is showing at 5776.2 in hourly
Rajandran R says
June 17, 2013 at 3:15 pmWhich indicator you are using and what are the parameter settings?. Iam using intratrend for the hourly charts.
Sathyamurthie says
June 18, 2013 at 6:19 amSir,I am checking with the supertrend optimised afl in 1 Hour chart.
Karuna says
June 17, 2013 at 5:15 pmGood 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
Rajandran R says
June 17, 2013 at 5:32 pmMy View has been already posted in the above article.
Karuna says
June 17, 2013 at 6:47 pmThanks Sir! Truly, great view!
Rajesh patil says
June 20, 2013 at 6:40 pmDear 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.
I am regusting u that we are the 8 industialist(Havin all steel production units-every one) but we are online traders group besically from Aurangabad(Maharashra)/we work intraday purely/on Bulk Lot size/on very low Brokarage-in our registered Broker House--for our self (we dosen’t take cliant/other money)-we work for our own money/-We make a stratagy for gold/nifty as well as for crude—-to book the points more than currently 100 points in golg/nifty 25/30…& crude 45/50 points daily…..we are searching the good analyst paid parties /companys/who maintain the accuracy on good observation on exchange DATA……waiting your reply…..R.s.patil(09673787266)