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What's being said about... Indian Stock Market

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Monday 28 February 2011

Nifty - Lines of Support and resistance - EOD 28th Feb 2011

Nifty on critical support in daily and weekly chart. Break of blue trendline on closing basis would mean we are heading for red trendline on daily charts. On upside keep a watch on 5406/5448 levels.


Thursday 24 February 2011

Nifty - Lines of support and resistance - EOD 24th Feb 2011

As said earlier in my post Nifty is not out of woods and with todays fall it seems there is lot more in store for the world to see. Daily charts show 5100 levels in the current downfall as a probable halt. On weekly it is even more bleak. Nifty has broken today the red long term trendline on closing basis. Next few weeks would be important on a long term macro view for the sustainability of the bull run.


Tuesday 22 February 2011

Nifty - Lines of support and resistance - EOD 22nd Feb 2011

Nifty reacting from black channel upper trendline. Expecting very volatile movements in next two days till expiry. 5400 has shown some resilience in supporting Nifty. Break of it can be devastating


Monday 21 February 2011

Nifty - Lines of support and resistance - EOD 21st Feb 2011

Nifty not out of woods, however elated we may be feeling after sharp bear rallies. Watch out the levels and channels


Thursday 17 February 2011

Nifty - Lines of support and resistance - EOD 17th Feb 2011

Nifty now near important resistances of 200 EMA ( 5618) and 34 EMA ( 5595)/34SMA ( 5648). This will decide next course of action.


Saturday 12 February 2011

Nifty - Lines of resitance and supports - EOD 11 Feb 2011

Nifty finds support on daily chart trendlines - downward channel ( green)  and red trendline. On weekly chart blue trendlines has given support. Now the action shifts to 5400 which should be coming in next few days which will define future course of action


Friday 11 February 2011

Nifty - Lines of resitance and supports - EOD 10 Feb 2011

Looks like Nifty almost at trendline supports on daily and weekly charts. These trendline supports should hold for a bounce ( technical or new rally will have to be judged on future price action).If the weekly trendline ( brown) holds we are still in bull run, if it fails then we can see real panick setting in.



Wednesday 9 February 2011

Nifty - Lines of support and resistance - EOD 9th Feb 2011

Nifty reaches trendline support as anticipated . Now watchout for price action at around those levels red trendline ( daily) and brown trendline ( weekly).


Tuesday 8 February 2011

Nifty - lines of support and resistance - Eod 8th Feb 2011

Nifty breaks 5400 convincingly.Now watchout for 5300 plus minus 25 points finding support on red trendline on daily and brown trendline on weekly chart


Monday 7 February 2011

Nifty - Lines of support and resistance - EOD 7th Feb 2011

Nifty Still struggling at 5400 levels.


Saturday 5 February 2011

Nifty - Lines of resitance and supports - EOD 04 Feb 2011

Nifty on edge with closing below 5400. Watchout for red, green and black long term trendline on weekly charts for future action. Nifty is now testing the breakout level of sep 2010. If this trendline ( red) holds then the bull run is still intact. Break of  red trendline may quickly bring the 5200 odd levels on green trendline and if that fails to suport then black trendline (4900 odd) is the last hope for eternal bulls. However green trendline (5200 odd) is the boundary line below which bear market starts and nobody knows how exactly it pans out. As Illango sir beautifully mentioned on Just Nifty " Just Stay with direction, wearing the appropriate uniform. Underwears may change...Main Uniform is quite important."



Wednesday 2 February 2011

Nifty - Lines of support and resistance - EOD 02 Feb 2011

Nifty has been testing 5400 for last few days. If it breaks the red trendline ( weekly chart) on closing basis then we should see 5200 plus minus 50 levels very soon.


Market Watch

Nifty-50 Heatmap Market Watch Few Interesting Charts
This site is dedicated to all traders and friends who don't have access to expensive softwares to provide them with live charts to enable them to trade judiciously. Even I don't have one and when I joined VFMDirect ( excellent site) I was astonished at the ease with which the forum members used technical indicators like Rsi and Stoch in live markets for profitable trading. Kudos to Mr Kamlesh Langote and seniors for creating and maintaining such a beautiful source of learning in this materialistic world. Then I realised the importance of something live ( or at the least delayed) information source for effective Share Market Trading. This is my endeavour to bring all the important informations/technical indicators at one source point for a safe and profitable trading. Do use this site as your source of information in your day to day trading. I have tried to make the blog as user friendly as I can but please feel free to give your suggestions through comments.
Also, I would like to recommend Nifty intraday charts for live technical levels and world markets. Great site!!!

Watch this space for more information in the coming weeks on...........

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