Analysis for Sept 14

Nifty ended with a DOJI indicating indecisiveness. The +ve Global cues warrants for a good gap up opening. With the gap up it is likely to test the Resistance of Rising Wedge @ 5500.

Intraday Update sept 13

Aggressive Shorts taken at 5445NS/5454NF - with Strict SL 5460NS.

Analysis for Sept 13

Nifty has closed just above the TREND LINE. Holding above 5395-5400 is important for the upmove to continue above 5500++.

ANALYSIS FOR SEPT 12

Nifty Has closed near the High and has closed above all parameters in Month, Week and Day TF. With respect to the TA parameters Nifty is in complete Bullishness - may be a time to excercise some caution - b'coz Nifty is likely to face trendline resistance at 5410-20. REFER CHARTS OF SEPT 11. 

MONTH CHART:

ANALYSIS FOR SEPT 11

Today's Support - 20 DMA/Day HEMA - 5328-5335. An EOD close below this would drag Nifty Down towards Day LEMA/50 DMA - 5280-70.

Now lets see what charts say:

DAY CHARTS: