Charts for the Day

[jain.er]

Ntpc too is runnning ....u got stoppd out there too...

 

[anil_s_trivedi]

Ntpc too is runnning ....u got stoppd out there too...

Dear jain,

Yeah we have some bad clicks, but overall some of my best pick in my portfolio are shining like a stars...one for ex. is CESC, where i have also posted multiyear TGT close to 1000 levels....and its right now multibagger in my portfolio...


CESC Here....

http://www.traderji.com/technical-analysis/69380-charts-day-81.html#post888021


Infosys here.. it too just gone closer to TGT zone and started falling....

http://www.traderji.com/technical-analysis/69380-charts-day-81.html#post887714

So feeling good, that line of analysis was on right path as of now. Just need some patience in between...

 

[anil_s_trivedi]

Nifty update:

Yesterdays close was higher than previous one, but again lack of strength in its closing. Today it will be weekly close as well, so it will try to assert its strength in prominent direction.

For today it will try hard to close above 7320 levels, if succeed good continuation sign. One may not like to see daily close below 7270 zone.


No threat to weekly price action if closing above 7160 levels.

Daily SAR - 7125

Hourly trend is Up as of now. A hourly close below 7300 doesnt spell good ahead.
So levels i should place on chart are, 7340/ 7320/ 7305/ 7270/ 7220

Read as, as long as price above 7340 a good strength sign, below 7320 weakness creep in, support zone at 7270 need to hold for daily uptrend continuation.
Last positional effort to save at 7220.

 

[anil_s_trivedi]

Vardhaman Textiles looking good with 50 SMA holding nicely and moving UP, on weekly too 50 SMA holded it back.

Volumes is well supported here, and stock moving up with improved Relative strength, looking like its well accumulated at lower band of 330.

Placing SL at 330 stock is immediately poised to test 370 in short term and above 400 in intermediate term.

Only concern is stock having thinner volume base.

 

[anil_s_trivedi]

Nifty update:

Hourly closing below 7395 not good for bulls.

Daily support zone 7385. Daily close below 7371 will put question mark on this rally.

Now strength on 5min charts above 7426 / 7465 only.

 

[anil_s_trivedi]

In the morning Nifty was up at 137 points from prev closing. and correction low so far now is 235 points from 7504 high of today.

Whats cooking..???

Turnover too good and it seems many who entered today got punishment today itself.
Hourly SELL on cards now, and strength above 7440 only.

Daily SAR still below around 7150 zone. so as of now, momentum on hourly taking toll, and bulls will see it doesnt spread on daily charts.

 

[timepass]

In the morning Nifty was up at 137 points from prev closing. and correction low so far now is 235 points from 7504 high of today.

Whats cooking..???

Turnover too good and it seems many who entered today got punishment today itself.
Hourly SELL on cards now, and strength above 7440 only.

Daily SAR still below around 7150 zone. so as of now, momentum on hourly taking toll, and bulls will see it doesnt spread on daily charts.

Nifty is taking tuitions from the bank nifty

 

[anil_s_trivedi]

Nifty update:

Daily levels on chart.

Hourly in SELL mode as told yesterday, and daily still above SAR levels of 7175.

 

[anil_s_trivedi]

Nifty update:

Moving averages are denting down and implying weakness ahead. Price action till now refraining to cross 7325-30 zone will add impetus on downside.

The thing is now, how it behaves once 7305 taken on. If its a weakness it will test lower till 7240-50 levels too. So watch it closely.

Hourly closing above 7370 will take hourly into buy mode.

 

[anil_s_trivedi]

Nifty update:

Daily levels marked on chart. If closes above 7370 zone a bullish in sight, a support region near to 7270.

ON 5min charts, if unable to hold of 7305 it is bearish in short term.

Daily SAR still below, and right now weakness only spread on hourly charts, daily levels still not challenged. First sign of daily weakness if closes below our support zone of 7270.