SENSEX VIEW FOR SHORT TERM

Finally Momentum trend line in sensex will break? Nifty view we have mentioned earlier now time to do some analysis of sensex . Nifty below 4345 will keep creating pressure. If this momentum line is not holded we feel we can see 12700-800 levels soon .Expiry is near so we cannot do this in one go but Danger will be breaking the momentum line .

Regards

Niftytreads TEAM

NIFTY VIEW 18 JUNE

We have yesterday posted chart and showed -ve divergence which pulled market down. Now all have same question in mind are we moving down to see 3900 levels ? This small so called bull market ended ?

What we feel is this fall has to come as many indicators showing -ve divergence and where not able to move up. Yesterday if anyone tracked Yen has also fallen 1.3$ and so sentiment was negative from morning itself . If you watch crude you will see if bounce back which show bulls still alive and will take all opportunities to save their goal post.

Now our view is any bounce which has to come should come here and we should hold 4345 on closing basis .We will suggest buy on dips here with stoploss below 4300.


Regards

Niftytrends Team

Nifty update 17th June 2009

It has been a long time since we posted charts. We have seen markets zooming up in this time. Currently Nifty is in a rising channel and has experienced channel resistance. There has been some negative divergences in daily chart. We have to see if Nifty sustains above 4300 and moves up. If not we can see it drifting to lower levels. So aggressive short only below 4300 till then mantra is buy on dips .Budget also coming up, so keep tight stoploss and trade accordingly.

Regards
NIFTYRENDS TEAM

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Nifty Trends

Nifty update 7th May 2009

Nifty has done very well since our last update. We had told 3350 supports and from there it has done well. Now we see negative divergences forming between the indicators and price. We would recommend to reduce positions or keep a trailing stop loss on all longs. The resistance seems to be 3747 and the support is 3500 and 3300 region is a good support region.

NIFTY UPDATE 24TH APRIL

WE HAVE SHOWN IN LAST POST ABOUT CCI TURNING UP AND THAT HAPPENED .NOW WATCH 3488 AS MAIN RESISTANCE SUPPORT RANGE 3390-3406.

Regards

Nifty Trends Team

Nifty as on 21st April 2008

This is the Daily chart of Nifty Futures. As seen from it, Nifty fell due to divergence on cci with price. Now we see that Nifty is near the support. Turbo cci has gone down. We have to see whether it hooks in the next 2 days. If it hooks then market would have taken support and we can see an upmove again.