NIFTY INTRA DAY MOVEMENT FOR AUGUST 30, 2012

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY  (5,315.05) + 27.25  + 0.52 %

Nifty futures made a series of lower top lower bottom marked by the yellow lines.Then it made a higher top and went into a sideways consolidation.It made a false breakdown and then went up to make a false breakout as it got resisted by the previous day’s low ( blue line).Then again it got support at the lower end of the channel and broke out of the channel trapping the short sellers.

 

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NIFTY INTRA DAY MOVEMENT FOR AUGUST 29, 2012

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY ( 5,287.80) (-46.80)  -0.88 %

Nifty after breaking out of initial range went in for a series of lower bottom lower top formations as shown by grey lines.No where did it break the previous top.

NIFTY INTRA DAY MOVEMENT ON 28/08/2012

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY (5,334.60)  -15.65   -0.29 %

Nifty futures tested yesterday’s low and corrected before making an inverted – shoulder- head- shoulder pattern.Also below Nifty’s 5 min chart is Mc deowell’s 1 min chart.See a series of distribution pattern in the form of “umbrella” before collapsing.

 

MCDOWELL

NIFTY INTRADAY MOVEMENT FOR AUGUST 27, 2012

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY (5,350.25)  -36.45  -0.68 %

NIFTY made a doji as a first bar in 5 mins chart showing indecision.After that it made a series of lower distribution patterns.

WEEKLY NIFTY

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

I receive a lot of emails asking why Nifty is not falling despite the Mother of all scams are breaking, Euro problems are makings headlines, talk of recession is there every second day.So I am presenting the Nifty Weekly Chart.

The weekly chart shows a Higher Top (HT) and Higher Bottom ( HB) pattern.Secondly, if NIfty takes out the higher top at 5630, then an uptrend is established.Right now there are some topping tails shown by Blue line which indicates tiredness in Nifty.But uptrend is intact.So talk about any weakness will only take place on a weekly close below 5032 which will only be a warning.The close below 4770 will be an event to be watched.Because then only the chances of a downtrend will emerge provided Nifty makes another lower top on the rally after a close below 4770.

NIFTY INTRA DAY MOVEMENT FOR 22/08/12

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY ( 5,412.85)  -8.15  -0.15 %

Nifty futures opened with a lower gap, made an Initial range in the form of a rectangle like yesterday and broke out of it fulfilling the target before correcting.For calculation of target see the length of the blue line.