Showing posts with label Ichimoku - Nifty Weekly Chart. Show all posts
Showing posts with label Ichimoku - Nifty Weekly Chart. Show all posts
Jul 24, 2011
Jul 17, 2011
May 23, 2011
Nifty Premarket View 23.05.2011
Option reading index for today is (+) 0.55 rise from last trading figure of (-) 4.37 suggests mild selling pressure.
Astrologically from today (23.05.2011), Mars antardasa is starting. Trend change can be expected.
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Weekly Analysis
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Mar 13, 2011
Weekly View
Ichimoku - Std Param
Indecisive close with price finding support at Span A - 5400 for the closing day. Price below tenkensen / kijunsen / Span levels - indicating weak bearish outlook. Span A & B rising for the coming week indicates uptrending possibility. Upside Resistance at 5522 / 5542 / 5562. Support at 5411, 5400, 5280, 5180.
Ichimoku - Short Param
Price close above Tenken - weak bullish signal. Tenken, Kijun, Span all trending flat with cloud width broadening and stands at 130 points which is above 2 sigma levels, an indication of high volatility move either side. Upside resistance at 5522. Multiple supports below 5411.
TRADE WITH ALERTNESS
Mar 6, 2011
Feb 27, 2011
Jan 22, 2011
Weekly View
On Std Param, Price below Tenken / Kijun. Price action continues to be above the clouds. Chikou span trending up. Span A flat at 5873 & Span B flat at 5520. Possibility to touch 5520 exists
On short param, price action below clouds is bearish. Tenken at 5902 & kijun at 5981. Immediate resistance at 5750 & 5830. Chikou span trending up. 50 DMA 5520 is very close. Breaking of 50 DMA will crash land nifty to 5200 levels....
Jan 17, 2011
Premarket View - 17.01.2011
Option reading index (-) 0.70 down from last trading figure of (-) 1.52 mild buying interest seen while selling pressure continuing...
Jan 3, 2011
Premarket View - 03.01.2011
Option reading index (+) 0.35 down from last trading figure of (-) 1.03 indicative of more selling pressure but still buying support is there. 138 basis point reduction in ORI, Expansion in Volatility suggests swings touching 1.5 Std Deviation.
Dec 26, 2010
Premarket View - 27.12.2010
Option reading index (-) 0.11 down from last trading figure of (-) 1.50 indicative of more sellers and less buying interest.Volatility is coming down.
Dec 19, 2010
Premarket View - 20.12.2010
It is too early to post Premarket Review for Monday ....anything can happen including north korea striking wardrums but assuming things will remain cool and market will behave normal. Option reading index (+) 1.82 down from last trading figure of (-) 2.24 indicative of selling coming back at higher levels...Volatility is stagnant at yesterday levels with upward bias...
on Std Param, Price is above clouds but below tenkensen (6014.42). Kijunsen - 5774.25, Span A - 5894.34 & Span B - 5506.95. Wide gap in cloud running parallel. Span B is flat for rest of December indicating range movements in nifty on weekly basis. Oscillators are neutral
On Short Param, Price closed abbove Tenkensen - 5895.30. Kijunsen at 6014.42, Span A - 5954.86 & Span B - 5843.7. Clouds are in rising trend indicating December weekly closing may be at higher levels. Oscillators are neutral but may turn up. Chikou span is trending up.
Daily
on Std.Param, Tenkensen - 5895.3, kijunsen - 5993.45, Span A - 5944.38 & Span B - 6014.42
indicating bearish crossover of clouds. Price is oscillating between kijunsen & Tenkensen taking support at Span B -5850 for the day. Span B is gradually rising to give crossover. Nifty may be checked at 6014 and closing above 6014 may be considered to be bullish.
on Short Param, Tenkensen - 5905.60, Kijunsen - 5895.30, Span A - 5900.45, Span B - 5879.9 & Chikou Span 5948.75.
Tenkensen / Kijunsen cross - bullish - weak
Price / kumo breakout - bullish - weak
Resistance at Span B for monday 6000. Oscillators are neutral.
Overall, my reading - nifty expected to be range bound with strong resistance at 6014.42 and closing above will be considered trend change and bullish.
Nifty EOD Review 16-12-2010 here (Nifty EOD review)
Bank Nifty EOD Review here (Bank Nifty EOD Review)
on Std Param, Price is above clouds but below tenkensen (6014.42). Kijunsen - 5774.25, Span A - 5894.34 & Span B - 5506.95. Wide gap in cloud running parallel. Span B is flat for rest of December indicating range movements in nifty on weekly basis. Oscillators are neutral
On Short Param, Price closed abbove Tenkensen - 5895.30. Kijunsen at 6014.42, Span A - 5954.86 & Span B - 5843.7. Clouds are in rising trend indicating December weekly closing may be at higher levels. Oscillators are neutral but may turn up. Chikou span is trending up.
on Std.Param, Tenkensen - 5895.3, kijunsen - 5993.45, Span A - 5944.38 & Span B - 6014.42
indicating bearish crossover of clouds. Price is oscillating between kijunsen & Tenkensen taking support at Span B -5850 for the day. Span B is gradually rising to give crossover. Nifty may be checked at 6014 and closing above 6014 may be considered to be bullish.
on Short Param, Tenkensen - 5905.60, Kijunsen - 5895.30, Span A - 5900.45, Span B - 5879.9 & Chikou Span 5948.75.
Tenkensen / Kijunsen cross - bullish - weak
Price / kumo breakout - bullish - weak
Resistance at Span B for monday 6000. Oscillators are neutral.
Overall, my reading - nifty expected to be range bound with strong resistance at 6014.42 and closing above will be considered trend change and bullish.
Bank Nifty EOD Review here (Bank Nifty EOD Review)
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