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.

CNX NIFTY 5,553.25 -21.50  -0.39 %

Nifty is forming a series of lower tops lower bottoms on daily chart and is moving on expected lines.The pink zone may provide some support i.e 5447.4 – 5527.On the Weekly, a close below 5448 is going to usher in big bearishness.Sell all rises after you see a top reversal pattern.

DAILY

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WEEKLY

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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.

CNX NIFTY   5,672.90   -75.20   -1.31 %

Nifty touched my predicted level.Yesterday it got resisted at 20 dma and fell today.Nifty is still making lower tops lower bottoms.Anyone carrying shorts should keep 5751 (20 dma) as stoploss. Next resistance level is 5817.Trading Nifty has become more intraday oriented.

NIFTY 5 mins

Nifty 5 mins

NIFTY DAILY CHART

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