May 30, 2011

Nifty Premarket View - 30.05.2011

Option reading index for today is (-) 7.82 further down from last trading figure of (-) 1.22 suggests buying interest. 
To Read my post on Nifty PE - Click Here . To know astro view on nifty, read posts under the label Astrology Nifty
 Click on the charts to magnify
Ichimoku - Std Param 
Price Trend - Up. Price / Tenken weak bullish cross. Tenken, Kijun, Span lines trending flat. Kumo Gap - 113 points. Resistance - 5490, 5522, 5560, 5590, 5617. Support - 5466, 5400, 5360, 5300, 5270. Kumo gap increase suggest enhanced volatility.  

 
Ichimoku - Short Param
Price Trend - Up. Tenken up. Kijun, Span B flat with Span A rising fast. Diminished but yet possibility of short term bullish kumo cross remains. Kumo Gap - 29 points.  Resistance - 20 DMA - 5489, 5560, 5600. Support - 5466, 5421, 5400, 5392.
                    
 
 Weekly Analysis

Ichimoku Std Param 
Price close below kumo. Strong bear signal. Price support at Long term uptrend line. Tenken trending down. Kijun, Span A flat with Span B rising up to meet Span A giving possibility of bearish kumo cross. Kumo gap - 8  points for the week. Resistance  - Flat Span B at 5500, 5562, 5576, 5637, 5649, 5658, 5679. Support - 5360.


Ichimoku Short Param 
Price close below kumo. Strong bear signal. Long term uptrend line holding up. Tenken trending down. Kijun, Span B flat with Span A in bearish kumo cross touch point. Kumo gap - 60 points for the week. Resistance  - 5546, 5561, 5576,5588, 5597. Support - 5466, 5400.

5 comments:

manu said...

hi..y didnt u post here..pe..
amazing article for hard core investors.but i think a whipsaw will cum

anyways vervoot missing..
and whats its composition..

bala said...

Good Morning.
Thanks.

mo h said...

Hi Sri,

Fantastic charts and good levels combined from you.
and, you are meticulously posting them regularly.
Wish you the best, pal.

The astro label link you post as
astro nifty links
taking the URL of the astronifty label.
It will make it clickable.

Takecare, Bye!!

mo h said...

Hi Manu,
Good for Investors.
As you say, Sri should post it here too.
Its a good investment tool.
A regular quarterly followup around QE times will make it a chain.

I will mail Sri later.

Howz is 'D' !
When i visit FB, [rare that is]
D's photos smile !!
:)

Takecare, Bye!!

mo h said...

Hi Bala,
goodmorning ...