June 1, 2012

NIFTY Intraday Chart updated

CHART-II
  • Bearish flag shown at the end of this post has given a breakdown.
  • Spot targets for today are 4837 and below that next support levels are at 4804 and 4789
CHART-I
  • Last chart shows a bearish flag kind of pattern. But bulls will be able to move up if price breaks above the dotted line. Breaking the support line of the channel will favor bears.
  • Crucial levels are 4883 on the lower side and for a bigger up move hour has to close above 200 Hour SMA.


By at

5 comments:

  1. nifty.senseJune 1, 2012 at 3:25 PM

    EXCELLENT WORK....BEARISH FLAG CHART ( 1ST ONE) WAS NICELY READ....

    ReplyDelete
  2. SanJune 1, 2012 at 3:27 PM

    @nifty.sense
    Thanks

    ReplyDelete
  3. PrabakarJune 1, 2012 at 3:43 PM

    Dear San,

    Thanks for the clear chart. I will be getting in full trading from Monday.

    Thanks & Regards,
    Prabakar

    ReplyDelete
  4. SanJune 1, 2012 at 3:46 PM

    @Prabakar
    That's great to hear.
    Hope you trade in futures and more importantly i hope you have a trading system in place.

    ReplyDelete
  5. nifty.senseJune 1, 2012 at 4:57 PM

    FOR MARUTI CHARTS VISIT

    http://niftysense.blogspot.in/

    ReplyDelete

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