Nifty - 31May2012

Resistance is @ 4971
Below 4946 supports are @ 4908, 4885, 4850

** Note the similar setup in the second chart. Will it be same again?

Nifty - 30May2012

Got resisted at the upper trend line @ 5020.
Broken the upward trend line.
Supports are @ 4954, 4930, 4908

Nifty - 25May2012

~ Weekly channel & Hourly resistance @ 4954 -> No shorts above it
~ Supports @ 4908, 4885, 4853 & 4835
~ Below 4835 may go deep downside -> No longs below it

Nifty - 24May2012

Short below 4830 - target 4800, 4789, 4755, 4728
Long above 4840 - target 4853, 4882, 4908

** Daily stochastic is turning down.
** There is triangle in Nifty and BankNifty 5min

 

Nifty - 23May2012

 ~ Price got resisted @ weekly trend line @ 4954
 ~ Price is trading @ monthly supports @ 4820 (Also 50 month SMA)
 ~ Resistances for the upmove @ 4882 & 4908
 ~ Supports below 4850 are @ 4824 & 4787

Nifty - 22May2012

Long above 4924
Resistances @ - 4938 & 4954

Short below 4908
Supports @ 4976 & 4851

Nifty - 16May2012

Nifty

Resistance = 4954  => Long above this level target 4988.

Support = 4924 & 4908 => Short below this level target 4869 & then 4820.

BANKNIFTY - 16May2012

BankNifty
Resistance = 9340
Support = 9300 & 9270

RELIANCE - 16May2012

Resistance - 689 (Broken support)

TATASTEEL - 15May2012

Short term resistances at 413, 415 & 420.

TataSteel hourly

TataSteel daily

Nifty - 15May2012

Longs only above 4922-4925.
Daily and Weekly trend line resistance @ 4988.

Nifty Hourly

 Nifty Daily

Nifty Weekly

New begining

This blog is an effort to:
~ Bring in discipline in trading.
~ Find out the TREND and swim with it.
~ Avoid trades against the TREND.
~ Know where to ENTER and EXIT/Part-book.
~ Accept the failure and STOP-LOSS.
~ Get rich slowly (As Mr. Ilango says)