Chart shows that Nifty hourly mode @ GANN Supports zone 5417-5410. Breakdown below the support zone will target the next support zone 5200
Nifty hourly resistance still near 5466 zone and continuing the sell mode. Also in yesterdays action it nears the first GANN Support zone 5375-5370 region. As the GANN Supports are in increasing mode the current supports zone has increased to 5380 zone. Any breakdown below 5380 will target the next GANN Support zone 5200.
Nifty hourly trading shows the continuation of the buy mode with hourly supports near 5456. Also the rising trin charts shows that recently there are more declining stocks than the advancing stocks in terms of volumes which indicates the possibilities of bearishness in shorter term. Any failure to hold 5456 could target nifty towards the next available gann support zones 5370 and 5180
Nifty 50 Stocks – Ichimoku EOD Chart Gallery Exclusively for Marketcalls Members. All the charts are Updated as on 31st July 2010
Trend remains sidewards for the past 3 days with a slow transition in trending downwards as of now the nifty still trades below the cloud resistance
Hourly charts of nifty shows that it had recently built the resistance cloud zone near the 5400 zone. Its recommended to be in short above 5400. Reverse the trade if nifty reverses above 5400
Hourly trend of Nifty remains positive with the Ichimoku hourly Cloud supports coming near the 5347 zone.For the past three days there is a heavy OI builtup seen in 5500CE. Does it mean that bearish call writers are confident of holding below 5500?
Hourly trend of Nifty remains positive with the hourly supports coming near the 5295 zone
Do you know why i am mad on Ichimoku Cloud Charts. Simply the above Nifty daily charts explains it in a very simple manner. Rules are simple Buy above the cloud and sell below the cloud and the trailing stop loss for any kind of trade is the cloud itself .
Nifty almost nears the trend decision. It had almost tested near to the daily ichimoku cloud resistance 5148. After yesterday’s move above 5063 had tured the hourly chart to buy signal with hourly supports near 5030 and 15 min supports near 5070. Its advised to go short only below 5070, Else stay away and watch the nifty movement.
Nifty Hourly Chart shows that nifty is trading below the hourly resistance cloud i.e below 5063 which indicates still bears are hiding inside the system. But when we look into the 15 min chart of Nifty spot it shows very short term support at 4986. At this point of time two type of trade is possible.
Charts are self Explainatory. Both are in downtrend. 15min Charts trailing SL near 5027 and hourly SL near 5040.