NIFTY FUTURES AND BANK NIFTY FUTURES INTRADAY MOVEMENT

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 (5,663.45)  -10.45  -0.18 %

Nifty Intraday Futures chart is given below which is self explanatory.

BANK NIFTY (11,427.25) + 6.50  + 0.06 %

NIFTY FUTURES INTRADAY MOVEMENT

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 (5,669.60 )   -21.55    -0.38 %

Nifty moved in a narrow range, a range which one can expect after a big range day.

Cick on chart

NIFTY ROCKS AS PREDICTED

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 5,691.15 136.90  2.46 %

Nifty, as I had mentioned in my earlier post that it has broken out of an Inverted Double Shoulders Head Double Shoulders Pattern and will move towards 6000 + provided it does not break the Neckline. Nifty behaved as predicted.In the intraday chart a Parabolic move stalled it for the time being.So Overall trend is up.

Nifty Intra day  Click on chart

NIFTY DAILY

NIFTY FUTURES INTRADAY MOVEMENT FOR SEPTEMBER 20 , 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 (5,554.25)  -45.80  -0.82 %

Nifty has started to correct, as mentioned yesterday, towards the Neckline.The movement of Nifty futures today is self explanatory with notes of the chart.

Click on Chart to enlarge

Why The Market Shot Up???

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 5,600.05  (-9.95 )  (-0.18 %)

Before going on leave, on August 26 th I had given enough reasons as to why the markets are not bearish despite the mother of all scams breaking out .Read the story here https://devadasnayak.wordpress.com/2012/08/26/weekly-nifty/

Now, markets as predicted earlier have broken out of an Inverted Double Shoulder Head pattern, the target of which is 6000 , provided the Neckline at 5440 and the right most shoulder at 5215 are not broken.The markets have broken out of the pattern with a Breakaway gap.So a pull back may be there upto the neckline of 5440 but the UPTREND remains intact till it breaks 5215.