Monday, September 14, 2009

Nifty Technical Analysis For 14th Sep 09

Spot Nifty Chart - Daily:
Spot Nifty formed a Gravestone Doji in daily charts on last Thursday, but on Friday It gave a gap up instead of opening gap down. Till 4886 is taken out supply may come in at higher levels.

Nifty Intraday Chart - 5 mins:
Nifty broke the resistance line in intraday, which may act as support for today.

Nifty Chart - Hourly:
On the higher side 4890 may act as an important resistance. 4867 may act as intermediate resistance.

On the lower side support trend line may give support which is at 4828 level, Below which 4800 - 4795 - 4785 levels may give good support for Nifty.

7 comments:

violet on September 14, 2009 at 11:31 AM said...
This comment has been removed by the author.
ranjit on September 14, 2009 at 11:50 AM said...

sir oi pcr is 1.74 .time for short.also 2 day broken.

ranjit on September 14, 2009 at 11:52 AM said...

2 day sma

Doji (Blog Author) on September 14, 2009 at 12:25 PM said...

Hi ranjit,

Nifty is pulling back from every new low, I would suggest to take new short trades only below 4785 level. Also it is just below the support/resistance trend line. If break out happens it is better to take long trade for small profits.

-Doji

ranjit on September 14, 2009 at 12:31 PM said...

Thanks Doji

Sujatha on September 14, 2009 at 1:02 PM said...

Thanks for your charts mam, it's very educative..

Regards

Doji (Blog Author) on September 14, 2009 at 4:14 PM said...

Thanks Sujatha

-Doji

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