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.

Sunday, 8 July 2012

NIFTY Views - for 09th July 2012:


In Monthly Time Frame:
 - Bullish Engulfing
 - Resistance @ 5339
In Weekly Time Frame: 
 - Rising Wedge
 - Rising Volume with Small Range - So -Ready for a Move !!
 - Support @ 5285
 
GAP Remaining @  5150 ~ 5189
 
In Daily Time Frame:
RSI              -  Uptrend
Bollinger       -  Consolidation
In 30 min Time frame:
RSI              -  Up Trend
Bollinger       -  Consolidation
 
So Now,
BUY: near 5150 , If Nifty goes to Fill the gap TGT 5400 ~ 5425 , SL 5125 in this week.
SELL: 1) Short for Short term below 5300, TGT 5250
2) Short near 5425 TGT 5185 , SL 5448 with Bearish Candle pattern in 30 min !!


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