Nifty - Lines of support and resistance - EOD 29th Mar 2011

Nifty on upmove with volumes on its side. Probable targets on upside looks  should be the black trendline on Daily and brown trendline on weekly charts.

Nifty - Lines of support and resistance - EOD 28th Mar 2011

Nifty on rampage. Watch 5638 and 5624 on downside for support.

Nifty - Lines of resitance and supports - EOD 25 Mar 2011

Nifty on rampage as it breaks blue trendline on Daily charts. I am experimenting with new sets of ema's and will see how it goes

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

Nifty  Clears trendlines and 10,21,34 Day EMA's and 10 & 50 week EMA. Important now to challenge 50 D EMA 5538 and 200 D EMA 5584 to keep this momentum going. Vix seems to be heading for 16-18 levels signalling rally ahead. One point of caution is that Crude has crossed 106 and may haunt us in coming days

Nifty - Lines of support and resistance - EOD 23rd Mar 2011

Nifty still in range of 5400 - 5500. Important levels now are 34 day ema 5489, 50 day ema 5539 and 10 week ema at 5503

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

Nifty still playing truant with 5400 levels. Levels to watch are 10 Day ema 5437, 21 day ema 5455 and 34 day ema 5490 which is also 10 week ema.

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

Nifty on fence. Both on daily ( brown trendline) and weekly ( blue trendline) it is in a make or break situation. Break of trendlines and create havoc. Also this is the second closing below 5400 which has provided so much support and will act as resistance in coming days.

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

Nifty still in 5400-5500 cluster. 10 Week ema at 5521 is the level to watch on upside. Nifty has left a gap between 5511 ( 16th closing) and 5510.05 ( today's high). This can be a good indicator in days to come. Vix closes above 10,21,34,50,200 day ema. Bad signals for days to come.

Nifty - Lines of resitance and supports - EOD 16 Mar 2011

Nifty finds resistance at 10 week ema 5533. Nifty has been in range for quite sometime now. Clear direction will only emerge once this range of 5400-5600/5550 is broken decisively. Nifty has major resistances  in form of 34 day ema 5514,  10 week ema 5533 and 50 week ema 5519

Nifty - Levels of resistance and support - EOD 15th Mar 2011

Nifty breaks 5400 intraday and takes support on black trendline on daily and closes above 5400. Break of this trendline will give bears the right impetus to enjoy big holi this weekend. Key level to watch now is 5479 which is 10 day and 21 day EMA. This should be like a rock now for nifty to break.

Nifty - Lines of resistance and support - EOD 14th Mar

Nifty marginally closes above red trendline on daily charts giving bulls some hope of recovery.Levels to watch now are 34 Day EMA 5518 , 54Day EMA 5573, 10 Week EMA 5536 and 50week ema 5520.

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

Nifty finds itself in a maze of SMA and EMA cluster and so do many of its constituents indices.

Nifty is beautifully poised at a juncture where it can go upside, downside and remain sideways. Importat point is that the averages which were giving Nifty support in its last attempt to rally are now all poised to act as resistance. Daily 21EMA 5477, Daily 34SMA 5465, Daily 34EMA 5517 are all in position to give stiff resistance in coming monday. Daily 21 SMA 5445 has just barely managed to provide that last hope for bulls to keep them happy during weekends.

On Nifty 30 min charts Nifty would find it extremey difficult to cross the Cluster of resistances between 5463 to 5484. Support in 30 min chart is coming at 5428

 An inside day in Nifty weekly. Break of penultimate bar would decide the trend

India Vix is where the secret lies at the moment . It has just stopped short of breaking above the red trendline. Close above the red trendline can take it much higher and susequently Nifty lower.Moreover it has been at the lower end of the rising channel. Fearful days ahead.

Nifty - Lines of support and resistance - EOD 10 Mar 2011

Nifty stuck in channel. 21 DEMA 5480 and 34 DSMA 5473 giving support in today's trade. Once these levels are broken, we will head straight to 21 DSMA at 5435 and then to 5300 levels in quick time. It pays to be cautious and play the levels for time being.

Nifty - LInes of support and resistance - EOD 9th Mar 2011

Has nifty changed course? Maybe yes. Check the 2nd chart for daily. If the trendlines are correct then we should start the downtrend in coming days in this channel. Key levels for tomorrow are 34 DSMA 5479, 34DEMA 5523 and 200 DEMA 5598

Nifty - Lines of Support and resistance - EOD 8 Mar 2011

Nifty testing black trendline on Daily Charts. Key level to watch now on upper side is 34 DEMA 5523

Nifty - Lines of resitance and supports - EOD 07 Mar 2011

Nifty Gaps down to get in the downward chnnel. now watch 21 DSMA 5414 on downside and 21 DEMA 5469 / 34 DSMA 5489 on upside for future moves.

Nifty - Lines of support and resistance - EOD 4th Mar 2011

Nifty Closes above Red trendline on daily charts but closes just below on Pink trendline shown in the black circle drwan on daily charts. Key here is that 200 DEMA is at 5601 and its very very important for Nifty to close above it comfortable for a robust upmove.

Weekly charts show Nifty still in a down channel with 21 EMA 5653 and 34 EMA 5625 posing as big resistances

30Min charts hsow the black trendline formed from higher bottoms made is at 5460 which is also 34 EMA of 30 min. Any downfall to gather steam should conquer this with force, however 21 EMA of 30 min at 5505

An exciting week ahead. Don't be bear or bull but be on right side of market. Happy Weekend.

Nifty - Lines of Support and resistance - EOD 03 Mar 2011

Nifty breaches black upper trendline on closing basis on daily charts, however there are important resistance levels between 5550 - 5610. One of them being the pink trendline on daily charts just below 200 DEMA at 5602. It will be interesting to see the reactions around these levels. Weekly charts show Price still in the downward channel