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 |
Thursday, 24 October 2013
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 |
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