Friday, 29 April 2011

Overnight View on Nifty (29-04-2011)

No comments :
Nifty Daily Chart: Will 5690 hold? Selling in Nifty intensifies during the afternoon session today. Will 5690 hold is a key factor to be looked on. If it holds then we are about to witness another round of upside next week. Well we are looking for the close of this week as of now.

Thursday, 28 April 2011

Midday Outlook for Nifty (29-04-2011)

No comments :
Nifty Intraday Chart: Nifty moving well along the down channel. We still remain neutral on Nifty and we might see a bounce in Nifty late this afternoon session. As long as Nifty moves in between 5690 and below the negative sloping trend line, Nifty is considered to be in no man's land.

Nifty Outlook for 29-04-2011

No comments :
Nifty Daily Chart: Prices have pushed Nifty to no man's land. All we need to wait and watch is whether prices will push above the negative sloping trend line or will push down accompanied by piercing through the lower band of Bollinger Band. Till we see some actions we remain Neutral in Nifty.

Overight View on Nifty (28-04-2011)

No comments :
Nifty Intraday Chart: Nifty still moving on within the trend channel. This is first sign of bearishness. We will turn neutral in Nifty trend if Nifty closes below 5830; which is likely to happen. We are on the verge of a big fall if we fail to see a last lap surge in Nifty. At the moment we are looking for today's and this week's close.

Wednesday, 27 April 2011

Midday Outlook Nifty (28-04-2011)

No comments :
Nifty Intraday Chart: We can see a down channel in effect on the intraday chart. Today being FNO expiry, we might see moves up and down in late afternoon session. Nifty also holding on to the negative sloping trend line. A close below 5830 would make us to change the trend from Positive to Neutral.

Nifty Outlook for 28-04-2011

No comments :
Nifty Daily Chart: Nifty struck in between negative sloping trend line and mid band of Bollinger Band. We should see prices moving very soon and most probably on the upside. RSI and MACD has room for furtherning the up move.

Overnight View on Nifty (27-04-2011)

No comments :
Nifty Intraday Chart: Nifty moving up as expected. We can see this up trend continuing for rest of the session today. We might see a close below the negative sloping trend line for 9th time today. I still feel Nifty will move up in coming days session.