June 16, 2010

Nifty range shown in 5 minutes chart


  • Nifty since morning has been trading in a small range
  • A Break out on either side will give good momentum.
  • Since the daily and hourly trend is up it will be safe to take a buy rather then a sell with day low as stop loss

5 comments:

  1. Hi San,

    Yes your view is correct(better buy then sell), last few days nifty proved sell side not much gained.. Great analysis..
    Thanks.
    Ganesh.

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  2. San,
    Nifty still in the range bound, its not breaking 5242-45 barrier, what do you think, any reversal point here?...
    Thanks

    ReplyDelete
  3. Hi,

    from last 3 dayes FII is buyer
    while DII seller

    so who will win ?

    FII

    so trend is up till you see FII sell fig. at the end of day

    ReplyDelete
  4. @Ganesh
    As long as nifty holds to 5180-5195 it will try to move higher.

    @rahul
    You are right about the trend. we will see at the end of the day.

    Delayed reply due to power problem

    ReplyDelete