Hanumanji

Hanumanji
Jai Hanuman Gyan Gun Sagar Jai Kapeesh Tihu Lok Ujaagar Ram Doot Atulita Baladhaama Anjani Putra Pavanasuta Naama

Sunday, July 1, 2012

Trading Nifty on 02-07-2012

Broadly two channels shown should be binding the Nifty moves:
And the close up:

Last Hour candle is red but MACD x-over is not visible as yet though on 5 min chart,this x-over is manifested:


This weakness visible in 5 min chart may or may not get transferred to Hour chart as we proceed. If we open gap-up then following trendline would offer resistance:
Lets see how we open--

Raghu

12.07 PM
One Minute chart:
12.40 PM
Keep drawing channels to locate next probable supports:
3.25 PM
5260 looks likely:

2 comments:

  1. I strongly believe.. profit booking will push index lower to 5222 for monday and tuesday.

    ReplyDelete
  2. hi guruji,

    which charting tool you use

    ReplyDelete

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