NIFTY SPOT DAILY CHART
NIFTY FUTURES DAILY CHART
NIFTY SPOT WEEKLY CHART
- Nifty spot daily chart is relatively weaker than nifty futures.
- The lower trend line seems to be broken in nifty daily chart.
- Nifty futures daily chart is still within the resistance and support lines. If the futures chart too breaks the lower trend line nifty will start its downward journey.
- The nifty weekly chart is showing a gravestone doji. and this has come at the top of the range which should put an end to this up move. And one more interesting thing to note is the upper shadows which is forming a lower high pattern. One more long shadow which is lower than the current one should be very weak and has taken nifty to lower levels the previous 2 times this has happened.
- As far as daily trend is concerned nifty is in an up trend and making a sideways consolidation. The trend has not changed yet. Next week should give a direction.
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