Nifty Weekly Update (01-06-15)

Technical said, Nifty may unable to sustain above 8450. In weekly chart, we can see trendline resistance around 8500 & oscillator in bearish mode. We can't bullish in this structure. Below 8350, downtrend conform again for new low (targets visible in chart).

Nifty Update (26-05-15)

Technical said, Pullback stoploss at 8424, Nifty unable to hold 8453 & open below. If close below 8350 then confirm again downtrend for target 8185, Daily RSI at resistance zone also. 

Nifty Update (25-05-15)

Technical said, pullback till 8450 & Nifty close above 8453 (trendline resistance). Now, If current pullback want extend then Nifty may face another strong resistance at 8558, that is 50% retracement level of total down-move & upar trendline resistance. Keep stoploss 8424 for long position.

Note : Weekly & Monthly Charts are Bearish. 

Nifty Weekly Major Update (21-05-15)

Technical said, maximum pullback till 8440-8450 seen. If unable to close above 8453 then we may see downtrend may continue. By weekly chart, we can see target is 7119 as per trendline & 50% retracement value of total move from 5119 to 9119. 

Nifty Update (20-05-15)

Technical said, Nifty's breakout target is maximum 8440-8450. Now if Nifty unable to breach 8450 and trade below 8330 then possible target 8150 for retest support zone. Please note "Daily-Weekly-Monthly" all chart are indicating Bearish Signal only. 

Nifty Update (19-05-15)

Technical said, Breakout above 8330.... now we are heading to 8440-8450 & this is caution level for Bull. If Nifty is bullish then it should close above 8454 for target at least 8600 (Trendline). If fail above 8454 then reversal will be panic.

Nifty Update (18-05-15)

Technical said, long only above 8355 & downtrend continue below 8068. Nifty is still in this range and form a triangle. We should be neutral till Breakout/Breakdown. Current range are 8330-8150. Nifty may start big move after breakout/breakdown.

  

Nifty Major Update (13-05-15)

Technical said, Long above 8355 only else 8230 is open. Nifty cracked below 8230 and close below 200 Day EMA (8188). Now, we can expect more downtrend below 8068. Weekly counts are....

Nifty Update (12-05-15)

Technical said, we got 1st signal of reversal.... now Nifty hit 8332 & close above 200 DMA (8282). At daily chart, we can see 8355 as a resistance level. If Nifty breach 8355 then target 8450 else 8230 is open. Please note 2nd signal of reversal is "trade above 8455" only. Pullback with low volume. So, stay in very caution... 

Nifty Update (11-05-15)

Technical Said, we expect support around 7960 for temp. relief. But by weekly closing... we expect reversal possible for new high if Nifty maintain 8191 on closing basis. Today, We got 1st signal of reversal, caution till conformation.

 

Nifty Update (06-05-15)

Technical said, Don't long till reversal conformation. By daily chart, we expect support around 7960 only for a temp. relief. 

Must Check for Reference : Nifty Major Update

Nifty Update (04-05-15)

Technical said, Nifty in very caution zone, so we will try to exit from long in any pullback. We can see in chart... weekly close just at the support. Don't long till reversal conformation. Possible target seen 7500-7600 by Regression Channel, Retracement level, Moving Average & Elliott counts on weekly chart.