Broadly two channels shown should be binding the Nifty moves:
.png)
And the close up:
.png)
Last Hour candle is red but MACD x-over is not visible as yet though on 5 min chart,this x-over is manifested:
.png)
12.07 PM
One Minute chart:
.png)
12.40 PM
Keep drawing channels to locate next probable supports:
.png)
3.25 PM
5260 looks likely:
.png)
.png)
.png)
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:
.png)
Lets see how we open--
Raghu
12.07 PM
One Minute chart:
.png)
Keep drawing channels to locate next probable supports:
.png)
5260 looks likely:
.png)
I strongly believe.. profit booking will push index lower to 5222 for monday and tuesday.
ReplyDeletehi guruji,
ReplyDeletewhich charting tool you use