volatile market in range

nifty is volatile so sl for long is 4990 ,close medium term long position.

medium term trend

medium term trend is up initiate long today at 5080 .T= 5182-5300-5376

intraday

short nifty at current price 5112,sl 5121

-ve divergence seen in macd,rsi.

weekly

Nifty in range in last week 4940-5080 .
DAILY CHART
In daily chart nifty trade in channel shown in chart.recovery from 4539 to 5080 is same V shape recovery as in july ,3918 to 4700.a fresh buying seen above 5080 that can push the nifty to new high, channel resitance came to 5376-5400. rsi ,macd in +ve direction.

WEEKLY CHART

In weekly chart resitance at 5182-5400,support at 4900-4539 but main in this chart is macd is coming down that indiactes that a big correction due in nifty.

HAVE A GOOD WEEK.

nifty range

last three days nifty in a range 5010-5079 .take position break either side give a good gain.
have a good day.

intraday

-ve divergence seen in MACD, RSI in 5 min chart , sell nifty at 5000 sl at 5046.

attention !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Nifty in short term upmove so close all short position if nifty close above 4925-4950 .