Nifty daily chart
Nifty has breached resistance at 6220 now it is likely to reach 6300 .
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6269 |
Wednesday, 30 October 2013
Tuesday, 29 October 2013
Technical updates on Bank Nifty
Bank Nifty
Bank Nifty can face resistance at 11230 trade the break out.
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6252 |
Thursday, 24 October 2013
Technical updates on Nifty
Nifty
Nifty is facing resistance around 6230 . If it closes above this level then further rally can be expected
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6252 |
Tuesday, 22 October 2013
Technical updates on LT
LT
LT is expected to be in uptrend as long as it is above Rs.900 . I am unable to upload chart due to technical reasons please visit FB page to view the chart.
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6218 |
Monday, 21 October 2013
Technical updates on Nifty
Nifty daily chart
Nifty has reached 6200 and whenever it reaches this level some people talk about new high . But according to me it is time to book profit and wait for reversal .
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6218 |
Thursday, 17 October 2013
Technical updates on Nifty
Nifty is facing resistance around 6150 . As long as it is below this level further rally cannot be expected . There are possibilities of Nifty falling to 5950 . Lets see .
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| Low Since Change | 6124 |
Monday, 14 October 2013
Nifty approaching resistance
Nifty daily chart
Nifty is approaching resistance around 6140 . Traders should start taking partial profit .
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| Low Since Change | 6124 |
Thursday, 10 October 2013
Change in Medium term trend
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| Low Since Change | 6033 |
Wednesday, 9 October 2013
Tuesday, 8 October 2013
Technical updates on Bank Nifty
Bank Nifty
Bank Nifty has support at 9800 . As long as this level holds there are possibilities of further rally .
Nifty medium term trend
| Trend | Down |
| Initiation Date | 25-09-13 |
| Initiated at | 5873 |
| Low Since Change | 5700 |
Sunday, 6 October 2013
Technical updates on Nifty
Nifty
Nifty is facing resistance around 5950 . If it closes above this level then rally will continue.
Thursday, 3 October 2013
Technical updates on Nifty and Zinc
Nifty daily chart
Nifty has made a sharp bounce back . Major resistance is at 5950 which could be the peak of this rally . However if this resistance is breached then further rally is possible .
Zinc
Nifty medium term trend
| Trend | Down |
| Initiation Date | 25-09-13 |
| Initiated at | 5873 |
| Low Since Change | 5700 |
Thought for the day
Life is like an onion; you peel off one layer at a time and sometimes you weep.
Wednesday, 2 October 2013
Nifty daily chart
Nifty
Nifty has bounced back after testing trend line support . But as of now there are no indication of sustainable uptrend . Lets wait and watch .
Nifty medium term trend
| Trend | Down |
| Initiation Date | 25-09-13 |
| Initiated at | 5873 |
| Low Since Change | 5700 |
Thought for the day
What you do every day matters more than what you do every once in a while.
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