Nifty and Bank Nifty are in sell mode since 4th May. Currently the cloud resitance are coming near 4928 and 9340 repsectively. Positions should be reversed to longs only if the support breaks on the 90 min charts.
Nifty and Bank Nifty 90 min charts are still in positional shorts since last Thursday and currently the cloud resistance is coming near 5104 and 9848 respectively.
Though Nifty is in buy mode it is still trading below the intermediate resistance zone 5274 and 10329 and the cloud supports coming near 5196 and 10159. Further positional longs should be initiated only if the intermediate resistance zone breaks on the upper side until then its stay away from Longs.
Nifty and Bank Nifty 90 min charts are shown. Nifty is continuing its sell mode with cloud resistance coming near 5264 and 200MA resistance at 5299.
Nifty on friday ended with strong downtrend on all the timeframe. On the 90 min charts nifty turned to sell mode its attempt to test intermediate level 5324 ends in vain and resulting in sell signal once again currently cloud resistance comes near to 5262 zone
Nifty and Bank Nifty 90 min charts are in sell mode since last thursday. Currently the resistance are in 5296 and 10329 respectively. Currently nifty is trading below the long term weekly support zone 5236. Trading below 5236 in the upcoming sessions indicate weakness in the market.