Nifty trend

[simple_trader]

Capricon Good work. Clarity in thought process.

Here is one more chart which shows positive divergence, which has already given some bounce. Do not know how it will unfold later. Let's see and go with the divergence for time being.

I am sure it will not be so straight forward. It will twist and turn before giving money.

 

[Capricorn]

Supply line down @ 5420.....

 

[simple_trader]

If we hold on to the divergence and RIL does some short covering 5445-50 NF would not be very difficult I guess.

 

[Capricorn]

RIL is at support and far oversold, should bounce, lets see...

 

[simple_trader]

Here is one more chart which shows positive divergence, which has already given some bounce. Do not know how it will unfold later. Let's see and go with the divergence for time being.

I am sure it will not be so straight forward. It will twist and turn before giving money.

It works somewhat so far. Still confidence building is happening!! Hope it does one blow out today

Happy trading!

 

[Capricorn]

Channel on the weekly, juicy move , :gunsmilie:will it happen. Lets see....

With the trend on the daily broken we look at the above and take cues from the 60/30 min . Have a nice weekend folks.

 

[Capricorn]

Support levels on the downside

Chart posted earlier , support levels for tomorrow...

 

[Capricorn]

Sgx back @ 5410..:lol: and testing the supply line.

 

[Capricorn]

Nifty is past the supply line, if it can hold above 5410-15, short covering is bound to come...

 

[simple_trader]

Some micro analysis, it may work or may not work. NF seems to be at resistance 5435-40 range in intraday. There may be a twist on the card.