September 27, 2010

NIFTY climbing to the top

  • First chart shows Nifty's steady climb to the top. As i have said in the chart it seems the top or the destination is not yet reached.
  • Second chart shows the amount of profits someone would have made if he or she had decided to trail his position with 5 day low ema. As i said in the chart if 6037 breaks today, the meeting of nifty and 5 day low ema will get extended.
STOCK CHARTS POSTED DURING WEEKEND

5 comments:

  1. @Manoj
    I saw the chart of CESC. Stock is moving in a sideways direction. If it breaks out we may see some action. Trend in daily chart was up before this sideways movement so we may see a continuation of the previous trend.

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  2. i have short nifty , what should i do , nt able to come out,huge loss pl advice as today also sgx nifty is plus at what level should i book loss , pl advice

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  3. @nayan Shah
    Sorry to hear that. It's always risky to go against the trend positionally. May be we can do some intraday trades against the trend and close our position.

    If NF continues to trade above 6044 chances are it will go up again.

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  4. thanks for a prompt reply , pl keep on advicing, my email add nayanshah74#gmail.com,i am always observing your charts

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  5. sir,good morning,plz.advice me on icici bank level for oct.series.

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