I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Thursday 18 October 2012


NIFTY Levels - for 19th Oct 2012:


1) Nifty Future closed @ 5734 up by 67 points with Higher Low. Today, Nifty returned from Resistance support zones twice.. Good trade executed..
2) Pattern:- Head & Shoulder Pattern in Progress in Daily charts. We are in making of right shoulder..
3) Nifty Futures SR Levels/ Zones for Intraday :- 
            Resistance @ 5723-5730, 5757-5766, 5811-5817
            Support     @ 5698-5694, 5670-5664, 5647-5640, 5597-5593
4) Open Interest:-  Highest OI in 5800 Call (95 lacs) & 5600 Put (87 Lacs)
5) Daily TF        :-      
    ->  Bollinger  :-        Up trend
    ->  RSI          :-        Up Trend
    ->  Stoc (14,3,3)  :-  Bearish
6) 30 min TF      :-       Uptrend
    ->  Bollinger  :-       Uptrend
    ->  MACD (9,19,6) :- Bullish
    ->  RSI          :-        Uptrend
    ->  Stoc (14,3,3)  :-  Uptrend
7) NF Gaps to be Noted:
    ->  5280  - 5313
    ->  5457  - 5526
    ->  5554  - 5575
BUY & Sell: In SR Zones with Proper Candlestick patterns.. That's it..

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