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:
12.07 PM
One Minute chart:
12.40 PM
Keep drawing channels to locate next probable supports:
3.25 PM
5260 looks likely:
And the close up:
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:
I strongly believe.. profit booking will push index lower to 5222 for monday and tuesday.
ReplyDeletehi guruji,
ReplyDeletewhich charting tool you use