Nifty trend

[Capricorn]

If Ril does not bounce off that line and cracks it, ....well , the put buyers are going to have a rocking weekend:clapping:

 

[rajeabc]

If Ril does not bounce off that line and cracks it, ....well , the put buyers are going to have a rocking weekend:clapping:

Band bajega.. I am on 1050 PUT. I see strong support at 995 .

 

[simple_trader]

RIL is difficult stock to judge always, it is even more difficult now as it is in a tight range. Today, RIL may help NF to touch 5500?

 

[rajeabc]

..... Today, RIL may help NF to touch 5500?

will love to see this. If not today Nifty will cross 5475-5500 by Tuesday.

 

[simple_trader]

NF chart. This is how we are place now. Support is around NF 5450.

 

[Capricorn]

Weekly close tomorrow below 5460 would be bearish...

Not able to sustain over 5460 so far. Todays close will be interesting to watch.

 

[Capricorn]

Weekly close tomorrow below 5460 would be bearish...

Hope every one had a great weekend,

That close did happen and the undertone is bearish. Supports at 5425, 5360 and 5300, R at 5460-80.

Of course I almost forgot the SGX at 5430 , -17...

 

[simple_trader]

NF hourly support is at 5425-5427 range. Swing break down if we close below 5400 broadly. Over all it seems market may take support around 5425-27 range for a day or two.

 

[Capricorn]

Sgx flat @ -2, we have a rising wedge to break out of to be bullish.

 

[Capricorn]

http://www.wolfewave.com/A_chart_example_on_a_stock.htm

Does that look familiar, think that could happen??