update at 9.15 am
sell nifty at 5205 sl 5235.T- 5170-5150.
update at 10.20 am
-ve divergence seen in RSI 5 min chart,
if ORB give a up side breakout ,cover short & go long at 5208.
update at 2 pm
book partial profit at 5135 if close below 5145 hold short.
Friday, January 8, 2010
Thursday, January 7, 2010
Wednesday, January 6, 2010
Monday, January 4, 2010
Sunday, December 27, 2009
In daily chart nifty touch the 5182 third time & try to break out but it close below it ,daily momentum is strong so hope it cross it with good volume & heading to 5300-5376-5500.MACD turn +ve .
In weekly chart nifty close below the trend line last week,but in this week nifty cover all downside in single day & close above the trend line . weekly momentum change -ve to +ve & trap the bears.Nifty break the upper range of 5182 but not close above it,close above this range nifty t-5225-5300-5376.-ve divergence seen macd.
In monthly chart nifty in a range last four month ,nifty touch the 52 week high & close highest point of this year.Closing above this range nifty go into new range t- 5376-5500.
Nifty close 52 week high & hope break out & t-5300-5376-5500,
IF THIS IS TRIPLE TOP I BET ON IT THAT NIFTY T- 4500-4550.
HAVE GOOD WEEK