NIFTY TRENDS

Wednesday, March 23, 2011

Nifty update for 24-03-11



We need to watch 5540-60 in spot.

Sunday, March 20, 2011

Nifty update 21 Mar 2011



This is the Daiy chart of Nifty. It is in a triangle now and breakdown below 5310 will take it down further. The oscillators are pointing downwards. Any upmove will face resistance around 5650 if 5500 is taken out..

Sunday, March 13, 2011

Tata Steel EOD chart 14/3/11



EOD chart of Tisco shows a Head and shoulder pattern. Failure to go above 592 and 600 will show a fall up to 550 levels. A break of 580 with volumes will confirm the down trend.

Monday, March 7, 2011

Bank Nifty 8th Mar





Bank Nifty on EOD chart is hovering around 50 EMA. The next two days will decide the trend for it. As of now it is in a downward channel. If 10670 levels are broken then we can see swift fall.