Charts for the Day

[praveen taneja]

Bro all this isnot it till tomm expiry day sentiments are bullish and now when retail investors coming in via MF and directly in stock mkt No FII would think them go out so early when they are sitting in profit slow distribution at higher level is must tgting 7777 Jai Ram Ji Ki

 

[anil_s_trivedi]

Dear PT,

Yes, with expiry tomorrow bullish sentiments will prevail. And strong hands always rules on expiry day. Right now, bulls in strong position.
On daily charts too, price action is sideways to UP only, and prices slowly going for time consolidation.

 

[anil_s_trivedi]

Hindustan unilever already showing loosing relative strength vs nifty since last year. As defensives got a beating with market moving up.

Price trendline still holding up, but RS weakness already telling price may break trendline.
On weekly the price action near to 535 will tell,whether its a small break or big one in offing.

Al eyes set on 535 zone.

 

[shreeux]

Hindustan unilever already showing loosing relative strength vs nifty since last year. As defensives got a beating with market moving up.

Price trendline still holding up, but RS weakness already telling price may break trendline.
On weekly the price action near to 535 will tell,whether its a small break or big one in offing.

Al eyes set on 535 zone.

Thanks for alert!!!

 

[anil_s_trivedi]

why HUL support zone is important to hold.

 

[anil_s_trivedi]

Nifty future 7290 is important.

 

[anil_s_trivedi]

Nifty update:

A +ve div appearing on 5min chart.
NF holding 7294 is first sign and 7305 should also crossed can drive expiry above 7300, if at all strength shown by bulls.

Valid for this hour only...

 

[NANDAMAD]

Sir,your views on DLF please

 

[anil_s_trivedi]

Nifty update:

Yesterdays closing was not good, and price action wise it is telling to sell on rise till we get a close above yesterdays high zone or more specific above 7350 levels.

As we know hourly in sell mode, and i would be comfortable to buy only if i get hourly close above 7290.

Todays a weekly close as well monthly close too.
Weekly closing should be above 7280-85 zone to show bulls in lead, else a range bound market in near term will be in offing.
Monthly charts telling a prominent close for bulls here and bulls leading all the way, until it closes below 6900 zone, which is remote possibility today.

Will update charts as time permits.

 

[anil_s_trivedi]

Sir,your views on DLF please

Hi,

Momentum Readings:
Long term - UP
Intermediate - UP
Short term - Down

Price Action:
A close above 195 today on monthly will assert bull pressure on upsides.
Below it, again a phase of consolidation of sideways to UP,

On weekly charts, as long as 186 and above its in uptrend mode and can surprise it with higher levels.

For immediate short term reversal any, those holding longs should cut if closes below 197 zone.