July 26, 2010

Nifty 15 minutes chart with support lines

  • Nifty 15 minutes chart is showing a range of 5435-5470. Break down from this range should be limited to 5400-5408, If it closes below this on hourly basis a big correction may follow.
  • Break out of 5470-5480 means continuation of the larger up trend.
  • NIFTY WEEKEND ANALYSIS
By at

3 comments:

  1. ShyamJuly 26, 2010 at 5:48 PM

    26th July 2010
    Dear San ji,
    1) Have we broken the rising wedge ? pl. update EOD analysis on nifty.
    2)Also has DOW given a break out
    from the decending trend line on Friday pl.update.
    3)Also what do you feel is next for nifty ?

    Regards
    Shyam

    ReplyDelete
  2. rochak parekhJuly 26, 2010 at 7:40 PM

    hello friends

    new post done

    please visit

    http://stock2gains.blogspot.com/2010/07/guru-purnima-special.html

    thanks regards

    ReplyDelete
  3. SanJuly 27, 2010 at 3:23 AM

    @Shyam
    we have not yet broken the raising wedge in nifty. I will update the charts.
    The trend line in dow has broken out.
    as long as nifty stays above 5408 an up move is possible

    ReplyDelete

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