15min Ichimoku charts shows the nifty is lying near the instant support zone 5067.Hourly Ichimoku charts shows that nifty is near the resistance range 5040-5089… Once nifty turns above 5089 on hourly basis the complete trend turns bullish.However closing below 5040 or an intraday dip below 5040 invalidates the uptrend
The below trade is based on our observation on Ichimoku with Nifty. 5030-4990 will be Intra Support Zone go and long with intraday stop loss of 4990 positional target will be 5200
Put writers are still holding the Open Interest Positions of 5000PE without unwinding their positions. But the hourly and Smallar timeframes of Ichimoku turns weak this time with resistance building near 5157 in hourly charts. Possibly only a close below 5000 will bring more weakness into the system.
Nifty hourly Ichimoku support range extends from 5100-5137. Buy Signal in Nifty is valid Until Nifty withstands the support range. Moreover today once again heavy put writing observed in 5000PE May series with heavy open interest builtup
Nifty hourly Ichimoku charts indicate a grand supports at 5064. Until then the Buy Signal in Nifty remains valid
Ichimoku montly cloud charts plays a major role in deciding the commencement of long term bull market. The above chart of Dow Jones is a good visible example. i.e buy and hold above the cloud or sell short and stay away from long if the montly candle is below the cloud.
Here is a simple video preview to identify the potential trade setups using Ichimoku Clouds to capture big moves. Identification of the signals is quiet easy game. Buy if the Candle Closes above the cloud and Sell if the candle closes below the cloud and the stop loss is the cloud itself.
Finally High OI on 5200 PE(call writing) so bull operators hope lies on 5200. Chart shown above is nifty hourly charts shows hourly positive breakout today with hourly cloud supports coming near 5220 Iam in official training for the past three days till the end of this week . so updates on this blog […]
Nifty nears the Ichimoku cloud supports too. The cloud support coming near 5189 zone. Overall GANN,Ichimoku,OI Theory,NMA Points to a support that 5180-5189 is the ultimate support zone for the trend to remain up. Failure could be more weakness in the system
Here is a sample exploration done for Nifty 50 stocks using Ichimoku indicator. The exploration is done for the recent two trading days looking for a recent buy/sell signal in nifty 50 stocks based on the condition
Buy : If Stock closes above the Ichimoku Cloud
Sell : If Stock Closes below the Ichimoku Cloud
Kohinoor Foods is rates as the long term investment stock. Stock Consolidates for the past 1 year there is a lengthy positive divergence. More over the stock currently trading above the weekly cloud supports as shown in the chart. Support for Kohinoor Foods comes around 54.5. Target zone comes near Rs 80.
Reason is very Simple. Just look into the Ichimoku cloud charts of IDEA and Airtel.