Nifty spot analysis BY Santhosh2010

[chilgu]

On nifty future EOD chart, last bar is a inside bar. Third bar from last is also inside bar. What may be analysed from it ?

 

[santhosh2010]

On nifty future EOD chart, last bar is a inside bar. Third bar from last is also inside bar. What may be analysed from it ?

As per Nifty future weekly chart :-

1) Last candle closed below the positive breakout trend line.

2) Caldle stick pattern in weekly chart : Dark cloud cover.

3) Nifty future last candle closed below the weekly pivot point.

4) Very low volume with all time high candle.

So nifty future just make the "All time high" with only a short covering rally.
Its clearly witness Long term investors and high qty fund house not ready to invest at this level.

As per my chart reading experiance Nifty future if trade and hold below 6475 (Last week low + 14 pips for round number) i expect trend reversal for downside movement.

CLASSIC TECHNIQUES ~Pivot

 

[santhosh2010]

i learned some more thing about pivot point trading methods here :-

http://goo.gl/Txx1yk

http://goo.gl/ukVK4V

 

[chilgu]

USDINR has given downside breakout in weekly chart. Nifty may go up.

 

[Option.Trader]

As per Nifty future weekly chart :-

1) Last candle closed below the positive breakout trend line.

2) Caldle stick pattern in weekly chart : Dark cloud cover.

3) Nifty future last candle closed below the weekly pivot point.

4) Very low volume with all time high candle.

So nifty future just make the "All time high" with only a short covering rally.
Its clearly witness Long term investors and high qty fund house not ready to invest at this level.

As per my chart reading experiance Nifty future if trade and hold below 6475 (Last week low + 14 pips for round number) i expect trend reversal for downside movement.

CLASSIC TECHNIQUES ~Pivot

After today's move are you still convinced of imminent down trend? Even the fibo indicated a resumption after recent pullback

 

[santhosh2010]

After today's move are you still convinced of imminent down trend? Even the fibo indicated a resumption after recent pullback

"Nifty future if trade and hold below 6475"only i am bearish.Otherwise no idea about to create fresh positions in this march expiry.

 

[santhosh2010]

 

[Option.Trader]

"Nifty future if trade and hold below 6475"only i am bearish.Otherwise no idea about to create fresh positions in this march expiry.

Uncharted territory for nifty, logically this is a breakout, every dips should be bought into as people who have missed out will start entering

 

[santhosh2010]

 

[santhosh2010]