August 18, 2010

Nifty's Resistance line in 15 minutes chart

  • Minimum target of 15 to 20 points is achieved.

  • Nifty is getting resisted near day high of 5448.
  • A break out can give 15 to 20 points minimum.
  • If it gets resisted it will remain in a range.

  • Nifty has given a gap up. But the index has not managed to break an important resistance line in 15 minutes chart.
  • Good up move is possible only on a good volume break of the resistance line.


  1. Suzlon energy
    Stay away from this stock , the Stock is posting poor results quarter after
    quarter and today it has made 52 week Low. To take winning trades its better not to enter in the stocks which are
    falling and this stock one of them. Fresh buying can be done in this stock if it trades above 63.5 for 1 week.
    otherwise the stock may make more new low in coming time.

  2. Is everyone so f'n scared that they can't even say Head and Shoulders anymore?

  3. San,

    is this the time to short NIFTY for intraday?

  4. hello friends

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    This is the 4 rth time in row, that my blog readers hit 12 % bulls eye, that too within a week.


  5. @Prabakar

    Nifty is going to test 5492 its recent high. Break of 5492 can take it higher. so don't take a short here it will be risky