Thursday, December 19, 2013

Nifty 19th december

Hi friends,
                   A bounce was expected from 6100  levels it bounced from 6125 levels its
understandable ,The levels to watch on upside would be 6237,6271and 6305.
So trendline support held so the squeeze continues,This squeeze has contracted the price considerably.
Regards
Rish..

Wednesday, December 18, 2013

Nifty 18th december

Hi friends,
                   Nifty is falling slowly for last 6 trading sessions.Strong support zone comes at 6100-6080
region ,If its held looking for a upmove else below this range fall can escalate,I m looking for a hold
of this range.
Regards
Rish

Friday, December 13, 2013

Nifty chart 13th december

Hi friends,
                       Eventually the gap got filled and nifty closed below that next support levels
come at 6200-6190 levels,From where a rise is expected towards 6300-6350 ,Lets see how nifty
reacts to this support zone.
So expecting supports of 6200-6190 to hold for now,Lets see what nifty does.

Regards
Rish..

Thursday, December 12, 2013

Nifty chart 12th december

Hi friends,
                  Nifty continued to fall in the same slow fashion,But managed to hold the
gap and attempted a good rally intraday ,Though it breached the 6300 level which
failed the white impulse see old post nifty 
 So since the gap is still held and the trendline is holding too need to see if nifty manages to hold gap today too.

Regards
Rish..