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.

S&P CNX NIFTY (5,597.90)  -67.70  -1.19 %

Nifty as I mentioned yesterday that it is hugging 20 dma and any break from there will take it to test the 50 dma of 5559.As you can see that after breaking from 20 dma, Nifty is on the verge of testing 5559. Lower support exists at 5447-5526 area marked in pink.

 

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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

S&P CNX NIFTY (5,665.60) + 1.30 +0.02 %

Nifty is hugging along the 20 dma of 5666.Any break below it may take it to 5557 which is the 50 dma.Also the support zone will provide support ( Marked in yellow).Any break above 5725( closing basis) will take it to test 5800 +.

NIFTY INTRADAY

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.

NIFTY  S&P CNX NIFTY (5,718.70)  + 58.45  +1.03

Nifty after making a false breakout to the downside kept on trending up.

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.

S&P CNX NIFTY (5,648.00) -39.25  -0.69 %

Nifty spot is currently taking support at 20 dma at 5641.A break below 5641 on closing basis may take it to 50 dma at 5508.A break above 5729 on closing basis will take it to test the previous high.

NIFTY

NIFTY FUTURES

Nifty futures intraday 5 minutes chart shows that Nifty after breaking down of the initial range continuously displayed weakness.

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.

S&P CNX NIFTY  (5,676.00)  (-70.95)  -1.23 %

Nifty is still in Uptrend.Right now it is in correction mode.Support levels are 20 dma at 5611 and 50 dma at 5462 and last  5260 .Also see the blue shaded areas which I have shown on the chart .

 

NIFTY 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 (5,787.60) +56.35  +0.98 %

Nifty is moving in the direction as predicted few days back after breakout from Inverted Shoulder Head Shoulder pattern.