As of now nifty is still in buy mode on EOD charts. As per SDA2 trend trading nifty will yield a sell signal on EOD charts if closes below 5692 on EOD basis. i.e EOD supports are currently at the zone of 5692 any close below that could warn the EOD trend to completely turn down on medium term basis.
Just a projected closing of 5692(i.e closing as on 2nd May 2010) or below that will yield a sell signal on nifty(Charts shown below). In Simple terms stop loss for all your positional longs is 5692 on EOD basis. If it breaks position need to be revised or reversed to positional shorts.
[wp_ad_camp_5]
Hi Rajandran and Friends –
In the process to share the stock market ebooks ,I have uploaded and provided links for these three books initially.
1.Reminiscences of a Stock Operator –Biography of Jesse Livermore
2.Trading for a Living- Dr. Alexander Elder
3.Elliott Wave Principle (capsule summary-EWI)
It will be a regular feature every week. Those who wish to Learn & Earn can join me at my blog -The Third Eye (linked here in fav. sites)
Hi
Can you please tell me how to get live charts of nifty ? There was a software told by you motivewave but its features get limited after trial period.
I want a software where i can see live charts of various stocks and nifty and if possible then nifty options also with proper indicators like ichimoku cloud…etc…
Thanks
Hello Radiate Labs,
U need to get some software like Amibroker or Metastock (there r other softwares also in market). Then u need some live data for charts to form which we call data feeds. U can get them from people like true data, manishi etc. Or u can also get free EOD (end of day data) from Heman kapadia’s Get bhav copy.
Have a great day….