Nifty and Bank Nifty 90 min charts turned to sell mode today on the 90 min charts with resistance coming near 5290 and 10492 respectively.
10 Years of Historical Nifty Weekly Ichimoku Charts are shown. Currently on the long term i.e on weekly timeframe nifty is in sell mode and currently trading very close to the ichimoku cloud resistance coming around 5250-5300 zone breaking above that could signal long term bull market in nifty. Nifty is in sell mode since […]
Nifty Ichimoku Cloud yields a sell signal in nifty after closing below the cloud value 6007. The last Buy signal since 1st September 2010 had lasted nearly 38 trading session. And now the cloud resistance zone comes near to 6100 zone. Only a move above 6100 could turn the nifty to buy mode.
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Nifty remains in hourly buy signal with a trailing cloud stop loss of 6127
Nifty’s 4day of hourly sell signal in ichimoku cloud turns to buy signal during the initial first hour of the day’s startup. Nifty crossed above the hourly ichimoku resistance zone and currently the supports for the buy signal @ 6125
Hourly Ichimoku charts of nifty maintains the sell mode for the third continuous day with hourly cloud resistance near 6159.
Wait for the Buy Signal to trade long(i.e a hourly close above 6159).
Nifty hourly charts turns into sell mode after breaking the cloud support zone 6170. Now Nifty shorterterm trend is focused towards Selling Bias with 6170 as
trailing stop loss line
Hourly charts remais with buy signal with the trailing stop loss (reference level) comes near to 6126.
Nifty remains in the uptrend with cloud hourly cloud supports coming near to 6090 zone.
Hourly charts of nifty remains the buy signal with cloud supports near 5427 zone.Daily charts of nifty remains the buy signal since 10th June 2010. i.e the recent buy signal right from 5075 remains in buy mode for more than 2 months .Current cloud supports are near 5354
Nifty maintains the hourly sell signal with resistance place at 5435 zone. And also spot nifty is holding the GANN Support zone 5410-5415 zone. As of now nifty nears the make or break kind of situation which could be confirmed after crossing the 5410-5435 barrier. Gann lower end supports next 5410 are available near 5210 zone.