Charts for the Day

[anil_s_trivedi]

Nifty update:

Hourly closing below 6825 not good, will marked positional SELL.
As of now looking at 5 min charts it seems 6797-6800 a small support zone.
Upside Resistance at 6845.

Daily will be in SELL mode below 6755.

Momentum on hourly down and in favor of correction. 6800 and 6780 testable.

 

[anil_s_trivedi]

Nifty support - 6775-80 close below it not good for the bulls

Bank Nifty support - 12975-80

Weekly close due today, closing below 6775 will open up for a big consolidation phase.

 

[anil_s_trivedi]

Nifty update:

As expected 6780 was testable today, and 6775-80 a prominent zone.

Now the fight will be to hold on this zone for bulls.Else bears having upperhand now.
Until todays daily bar, all of divergences are creeping in, today only price added first sign of confirmation by breaking that 6800 zone with volumes.

 

[timepass]

Nifty update:

As expected 6780 was testable today, and 6775-80 a prominent zone.

Now the fight will be to hold on this zone for bulls.Else bears having upperhand now.
Until todays daily bar, all of divergences are creeping in, today only price added first sign of confirmation by breaking that 6800 zone with volumes.

and on the daily (futures) there is a double top at 6900.

 

[anil_s_trivedi]

and on the daily (futures) there is a double top at 6900.

I tracked mostly spot. Thanks for the info, that would mean a reversal on daily,lets see still 40 minutes to go, bulls will try all means to show their strength, if at all left.

 

[anil_s_trivedi]

 

[jain.er]

If bank nifty falls thn it will take the entire mRket with it

 

[Options_Trader]

I am new to technical analysis. Appreciate if someone can advise on good charting software along with cost and data feed techniques.

I am currently using ODIN. Is there any way to get live data from ODIN to Excel. Any data extraction techniques from ODIN.

 

[anil_s_trivedi]

I am new to technical analysis. Appreciate if someone can advise on good charting software along with cost and data feed techniques.

I am currently using ODIN. Is there any way to get live data from ODIN to Excel. Any data extraction techniques from ODIN.

Dear options_Trader,

I trade mostly on stocks on delivery basis. For intraday Nifty trading i use sharekhans tradetiger. You can also use PIB from indiabulls.

If you are hardcore daytrader, prefer good intraday feed, dont mess up with ODIN to Amibroker/Metastock like things. Bcoz a slight data problem may toll on your trades.

There are many threads in forum discussing various options. My fellow members can advice you better on this.

 

[anil_s_trivedi]