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
Sunday, September 6, 2009
weekly update for 7-9-09
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
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
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