September 17, 2015

  • Nifty for now is likely to move between 100 week sma and the GAP. For bigger direction one of these levels must be broken on closing basis.

  • Bank nifty support levels continues to move lower. Current bounce may not move above the GAP area. But for a bigger fall price must close below 100 Week SMA. 

  • Week chart shows positive divergence. Month chart trying to stay above 200 Levels. Daily needs to stay above 50 day SMA for bigger up moves to happen.


All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore