Wednesday, September 23, 2009

intraday

BOOK PROFIT AT 4962................................

intraday






Daily trend is up but some -ve divergence seen in 5day chart so NIFTY sell 5030 sl at 5057 .

Monday, September 21, 2009

weekly report for 21-9-09






This week nifty sustain above the major resistance level 4750 & close at 4976.Nifty heading for 5096 -5150.
DAILY CHART
in daily chart nifty give a breakout at 4750
initial Target for nifty s 5096-5150.RSI at 71 in over bought zone MACD is +ve .
So daily trend is hold long position .
WEEKLY CHART
In weekly chart a long green candle is made in nifty above breakout .RSI trying to go in over bought zone ,MACD again flat to +ve.Hold long with sl 4750 .
MONTHLY CHART
In monthly chart strong day by day +ve divergence shown in MACD .RSI show strength.
OVER ALL
HOLD LONG .
HAVE A GOOD WEEK.

Tuesday, September 15, 2009

UP FOR 15-9-09



HOLD LONG SL 4790

NIFTY MAKE DOJI PATTERN

Sunday, September 6, 2009

weekly update for 7-9-09








Last week nifty start with decline ,after consolidation nifty bounce back on Friday.

DAILY CHART

Nifty trade in a triangle in up side break out above 4750 on closing basis trend line support at 4560.Daily trend is up so long side is preferred fresh buying above 4750 & exit there long if nifty break 4560.
WEEKLY CHART

In weekly chart nifty is same in triangle nifty made triple top between 4700-4750 maintain the trend line support at 4560 .MACD is divergence is flat to -ve, so fresh buying above break out above 4750.

MONTHLY CHART

In monthly chart if nifty trade above 4750 nifty heading to 4925-5250.

RSI & MACD is strengthen day by day.

OVER ALL

Nifty trade in a range of 4350-4750 or in triangle 4560-4750 . If nifty break above 4750 with volume than nifty goes to 4925-5250, in down side 4560 is first support for long 4350 is the major support if this support is break then we go for a deeper correction .

HAVE A GOOD WEEK.

Friday, September 4, 2009

update for 4-9-09


Today flat opening nifty has 2 move one is
nifty take support at 4525 than 4750
second is
nifty break this level & take support at 4350.