Charts for the Day

[anil_s_trivedi]

Nifty closed below 50 sma on friday...Marking weakness in intermediate term...Momentum on higher timeframe now shifting to downside...if bulls unable to get hold of this week then lower levels awaiting sub 10000 zone for sure...

I will take any rally towards 10270-10280 as pullback to recent fall and unless this zone clears on upside, its safe to say we are getting into weakness in higher timeframe...Lower levels to first watch for are 10050 zone...

For the week rally towards 10200-220 is again a short term resistance zone...

On higher timeframe, monthly charts the previous month close was on downside and on higher volumes... this is significant considering the number of daily down bars on above avg volumes in previous month...

 

[anil_s_trivedi]

Nifty closed below 50 sma on friday...Marking weakness in intermediate term...Momentum on higher timeframe now shifting to downside...if bulls unable to get hold of this week then lower levels awaiting sub 10000 zone for sure...

I will take any rally towards 10270-10280 as pullback to recent fall and unless this zone clears on upside, its safe to say we are getting into weakness in higher timeframe...Lower levels to first watch for are 10050 zone...

For the week rally towards 10200-220 is again a short term resistance zone...

On higher timeframe, monthly charts the previous month close was on downside and on higher volumes... this is significant considering the number of daily down bars on above avg volumes in previous month...

10050 tested...still the levels in post are intact...

 

[samur]

anilji please can you give your opinion about gitanjali gems for short term and medium term perspective ?

 

[ravi2126]

Anil'ji..one query is there...pls go through chart...

 

[TGK SHANKAR]

Anilji,

Please provide NIFTY Resistance and support level for this week (11-12-2017 to 15-11-2017)

 

[ravi2126]

MMTC

 

[ravi2126]

Hindcopper

 

[anil_s_trivedi]

Sorry guys was out on holidays for personal work...Will try to see queries in weekend...

 

[anil_s_trivedi]

The event day witnessed a gap down in morning and moving up since morning lows...its difficult to say the whether bad is over or not...but as long as price is holding our 10270 zone i remain positive...Below that high chances of testing todays low and may be sub 10000 levels testing is a near term possibility...

 

[anil_s_trivedi]

Always remind yourself you are here(or any social platform) to make money...dont mingle yourself with political opinion or fan following any political party...We had some life goals to achieve and always strive to work for that...Distraction is easier so make informed choices of making friends on social platforms...In this fast moving world we had to mark our own destiny and this politics things hurt many traders/investors...

Just follow your charts and be true to your goals rest all is immaterial...