Charts for the Day

[anil_s_trivedi]

As analysed 9830-9815 region resisted on monday and today opening hours also resisted there...if cleared a fast run up can be seen till 9910-20 zone...

As expected nifty did rise till 9920 zone and resisted around there. Yesterday nifty tested 9940 zone but failed to hold back closes below 9910-9920 zone...

As of now nifty is landing at short term support zone at 9810-20 zone...more weakness below this only...with weekly closing coming in today, it will be watchable if its able to hold 9810-20 zone...as weakness below this can test towards 9760-65 zone and if its a real bear coming in then it will close below 9760 zone too...

So how much strength bear-bull has left will be testable today...Just fasten your seat belt...ride of volatility coming in...

 

[anil_s_trivedi]

Nice move in Infy today. Power of 200 SMA.

Thanks Anilji for your guidance.

Today a large down bar coming in, almost a year high volume coming in, better to stay out if holds below 200/50 sma here...

 

[anil_s_trivedi]

Today a large down bar coming in, almost a year high volume coming in, better to stay out if holds below 200/50 sma here...

845-850 is zone i am expecting in the morning...just watch screen now it tested 885 levels today itself...turnover damn hot in the scrip...institutions just keeping the turnover red hot today...

 

[anil_s_trivedi]

Exide industries below 40 weekly SMA...also broken S/R zone on downside...bearishness setup...Will only look at above 200 SMA on daily...till then stay away...

 

[anil_s_trivedi]

Balaji amines after a 10 times multiplier broken 200 SMA...The power of sitting tight, but how many of us retail investors sit tight...

 

[anil_s_trivedi]

SBIN facing threat of more weakness if bulls unable to take it back into safe zone...As it is rightly said, bulls live above 200 SMA and bears below it...

 

[khurshedmanjra]

INDIABULLS REAL ESTATE......DOUBLE BOTTOM

 

[khurshedmanjra]

Anilji, request you to please revive your thread "Reading the Price Action ". I am sure our friends here would also be interested in following it.

 

[anil_s_trivedi]

INDIABULLS REAL ESTATE......DOUBLE BOTTOM

It would be better if second bottom had slightly penetrated the first one on lower side...the earlier demand zone need to be tested to signify its importance...views may differ here, but i have clarified mine view here...

 

[anil_s_trivedi]

Anilji, request you to please revive your thread "Reading the Price Action ". I am sure our friends here would also be interested in following it.

Thanks for your kind interest in the thread...lets see how time permits...In the process i had simplified my approach a lot...but yes journey is been memorable one for me...