Thursday, May 6, 2010

NIFTY AS ON 006/05/2010














Nifty made third consecutive intra low at 5037 which was our target today and bounce back with minor positive divergence on hourly charts 


6 comments:

  1. hi mihir
    the charts here are very expressive.
    with regards

    ReplyDelete
  2. i would like to start intraday to positional trading in nifty and banknifty unless we have group of 50 person with interest which would give me encouragement for the benifit of the blog followers it is based on my system
    so those who are interested in the same can sign in on the top where follow is written so that i can see interest of people who are following
    starting shortly ........
    so be in touch

    ReplyDelete
  3. SGX NIFTY made low of 4925 in the opening and RIL AND RNRL JUDGEMENT today at 10.30 am

    ReplyDelete
  4. Nifty has already retracement almost 62% of major A-B and if 4985 low is confirm then buying is advisable in small quantity near the low with stoploss of 4950 closing only for intraday with tgt of 5053 +++
    also daily charts are highly oversold so bounce is expected

    ReplyDelete
  5. if nifty spost closes above 5055 we can see 1 sign of reversal from here which will give signal to buy on dips but if do not close above overnight longs are not advised

    ReplyDelete