Charts for the Day

[niftyoption]

hi Niftyoption,

Dont know the validity of forming bullflag, but i am seeing a support near to 200 SMA.
On weekly, the first attempt by bulls is seen, where an upbar with above average volume, a good indication of support nearby. Also a lot of trading activity since then inside the range of that bar.

On daily, a rising 200 SMA, is a point where bulls will like to hold on.
A support zone coming at 320-330 levels.

Dear Trivedi Sir
You are absolutely correct , 320-330 is the support sir
:thumb:

 

[anil_s_trivedi]

Nifty future showing a trendline resistance at 6560-80 zone. keep an eye on it.
A dull activity on traderji clearly indicates, a lot of members missed this rally.
The point to post is lack of volume on weekly on daily, raising some doubts of this rally.
On weekly highest volume bar for this rally is still at lowest which is on down bar, while advancing bars are still below average volume.

On daily, also volume is below average, so we will see how it goes.
We will watch closely before pointing for the end of rally.
We always advocated trend following, those who followed clearly minting it, while rest still searching for weakness on this whole rise.

Have some patience, dont jump in the bus now. Let the market shows it hand first, then we will see it, whether fuel is over or still some left in it.

 

[amitrandive]

Nifty future showing a trendline resistance at 6560-80 zone. keep an eye on it.
A dull activity on traderji clearly indicates, a lot of members missed this rally.
The point to post is lack of volume on weekly on daily, raising some doubts of this rally.
On weekly highest volume bar for this rally is still at lowest which is on down bar, while advancing bars are still below average volume.

On daily, also volume is below average, so we will see how it goes.
We will watch closely before pointing for the end of rally.
We always advocated trend following, those who followed clearly minting it, while rest still searching for weakness on this whole rise.

Have some patience, dont jump in the bus now. Let the market shows it hand first, then we will see it, whether fuel is over or still some left in it.

Anil Sir

Traderji forum can be a contrarian indicator.:lol:

 

[niftyoption]

Nifty future showing a trendline resistance at 6560-80 zone. keep an eye on it.
A dull activity on traderji clearly indicates, a lot of members missed this rally.
The point to post is lack of volume on weekly on daily, raising some doubts of this rally.
On weekly highest volume bar for this rally is still at lowest which is on down bar, while advancing bars are still below average volume.

On daily, also volume is below average, so we will see how it goes.
We will watch closely before pointing for the end of rally.
We always advocated trend following, those who followed clearly minting it, while rest still searching for weakness on this whole rise.

Have some patience, dont jump in the bus now. Let the market shows it hand first, then we will see it, whether fuel is over or still some left in it.

Dear Anil_S_Trivedi Sir,
Your Analysis is abselutely correct , and also
weekly nifty spot forming " Regular Bearsish Divergence "
with low volumes .... this is very very importent...

and also " triple top " formation in weekly chart ......

in my view in future

 

[niftyoption]

Dear Anil_S_ Sir,

Anil sir
are you know about this Peculiar pattren in nifty spot ?

 

[anil_s_trivedi]

Dear Niftyoption,

Dont call me sir, i am just a fellow investor/trader. Can call me Anil only.

Its very difficult to call top yet, lets see how the volume charts come today. The only thing it the uptrendline is telling is supply line, where everytime nifty got sold into.

I stay away from divergences or oversold ratings, it can remain oversold for weeks and can rally higher.
Point is until price confirm it, wise to stay with trend. We cant predict but following can remove that emotion of calling tops/bottoms.

Weekly charts showing three candles lining up, many called it three white soldiers. So there are both views of bullish/bearish cases can be made.

Today, we in india, are in such a mess from all front. Specially lack of political leadership. Mind you if dont act now, it will be difficult for us indians to attract money from outside. As already smaller countries are showing much good prospects.

This political mess need to be sorted out, and a country needs a constructive politics. Not the politics of throw and runaway. It will hamper in long run.

Anyways, lets see..coming week will be watchable...whether bulls tired or just charging up...

 

[santhosh2010]

Dear Anil_S_ Sir,

Anil sir
are you know about this Peculiar pattren in nifty spot ?

 

[prst]

lagta hai nifty is baar sabhi hadonko (resistance) par kar jayega

 

[anil_s_trivedi]

Adani enterprise looking good on weekly charts, also Relative strength been good on weekly.
Stock corrected almost 50% of the rise from september 2013 lows of 126.Also the fall from 286 looking like a three wave fall. And a abc projection coming here near to 206-210.
So this zone of 205-215 is a crucial one, and a flat to rising 200 sma also indicating a bull line safe. So one can go long in these zone with SL at 198.

Adani skyrocketing since our entry, todat it tested my modest tgt zone of 305-313 .

A sustaining activity above this can take it above 400 too.
Trail it...

 

[anil_s_trivedi]

IDBI :

IDBI a tested double/triple bottom, not at 50 SMA...watch it...