Saturday, February 11, 2012



DOJI : Indecision on weekly charts. After "inside days" on daily, DOJI on weekly charts.

Tuesday, February 7, 2012

Wednesday, January 25, 2012




Going by the cyclical, the maximum Nifty has rallied, or showed a counter trend movement,
after a significant bottom, was for 14 sessions.
This time there have been 17 and counting.

The 200 MA is also just 100 points away from here and a level to watch.
Notice how it tried to cross the 200 MA but could not, and when it did, could not sustain.

Wednesday, June 29, 2011



Two areas marked in the chart:

1. 50 Week MA, (although the week is not over), 5540-5555 zone is to be watched for resistance

2. Stoch has given a bullish crossover on weekly charts

Saturday, May 14, 2011

Nifty Weekly Chart



Nifty weekly Chart, range boundedness prevails (Click image to enlarge)

Tuesday, May 3, 2011




The gap marked in the chart being filled.
It can take a support on 50% retracement of recent high and low.
But it might not stay there after taking a support as no good trigger, for upmove, seems to be coming.
5472 zone can act as a support.

Monday, May 2, 2011



Bank Nifty spot chart, 12000 zone seems to be a resistance, lets see how it performs after RBI meet on 3rd May'2011.
 
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