NIFTY TECHNICALs vie CHARTS

[rrekhani]

Makeout something from this chart? It's breakout downwards from the trading range of 5500. 2 consecutive closings below 5500.. Now set towards 5200 range.

 

[rrekhani]

LOOK at another chart.

http://www.niftyfutureking.com/live-nifty.asp
The link gives a 5 day chart. Simply buy above Green line, and sell below the green line. Comment on it.

 

[jramakant05]

Nifty has taken Classical Support so IMO, In the coming sessions Nifty will head to North rather than South. Provided everything should go normal because we all know American debt crises can change the market sentiments.

 

[rrekhani]

Nifty has broken 50, 100, 200d EMA. So it does not seem to a support area.

 

[saddaum]

At this stage nifty is sideways with a bullish bias

 

[amritak1952]

there is gap down in niffty charts, i feel till there is no clarity about U.S. debt crisis niffty will remain sideway with no clear direction on either side and after filling of the gap, chances for upward move is more this my observation i may be wrong seniors pl help
amrit

 

[rajsumi121]

until nifty wont close above 200 ma for at least 2-3 days its kind of market where we can sell on highs ...5170-90 is acting as major support level & 2 time nifty gave sharp bounce from that area .. only below that level nifty can break their ground ... positionally I am not bullish on nifty for whole this year till it wont close above 6182 on monthly basis but above 200 ma i will turn as trading buyer and till that my only mantra is sell on highs .....if we talk about very short term then 5400 -5420 is good support level for nifty .. can give a bounce back up to 5520-5535 from that area.

 

[rrekhani]

Heading straight to 5200-5250.

 

[rrekhani]

Bang on target. Exit all shorts.

 

[rrekhani]

It has formed a DOJI, and that too outside the bollinger band. A trend reversal is due. Confirmation will come on Monday. Slow stockastics is struggling to come up. MACD is in downtrend. So use every rise to create shorts. It may take 10-20 days to show clear signs of fall on Slow stockastics. Upside will be capped at 5550 level by the falling trendline.