Stock is recovering after the recent fall. Long with 1448 as sl. This trade is as per my system
Nifty can make a new high if it sustains above 10675. Otherwise , it will retest the recent low 10601-10571
Resistance will be at 9649 I have shorted with 9670 as sl. Below 9610-9624 shorts are confirmed. My longs are closed in the morning.
This hourly chart is made by using Advanced Trendline Charting System and self-explanatory. This is the chart for Monday use these Red lines to go short or long. I see resistance around 9550 because ofa positive global cues and then fall. Or it can fall from Friday close. All the best for your trading
Nifty Support 9460 and Nifty Resistance @ 9485. Trend is down as of now. Play according to these levels Long or short. I have taken a small exposure as aggressive long and will close below 9460 or 9485 and continue above 9485.
Nifty if resisted @ 9566-9575 will fall and test 9520. One can short if 9575 is resisted with small sl and Long if 9520 is held with sl 9520. Continue the shorts below 9520 and close it above 9520
Nifty has taken support @ 9480 and now trying to move up. Resistance 9523 and then 9548. I am long with sl 9500. Shorters be cautious if 9510 is held for a long time.
Please observe Nifty Spot has closed above my resistance level 9510. EOD close 9511.40. I have closed my short position. Nifty can GAP UP tom to trap short positions or can test 9460-9474. I have taken a small long position and trade accordingly tom morning.
Please find attached the chart showing Resistance levels for 27-6-17 on hourly time frame. Please trend is down of Hour and day t/f. Week is still positive. I have not talked about support as the trend is down . But one should always keep support at the back of the mind while bias is in favour of shorts below 9625. Support at 9578 on closing basis ( low 9560)....
In my view Nifty has made a top on 6th June 9709. Since then it is managed for expiry . That's why one find a lot of volatility in the markets. I have a published a chart with Trend line from swing low of 7894 and it has been cut. I feel Nifty may test 9650-9670 once again and then if resisted confirms the fall. July can be a down month with more pain in the...