NiftyEOD Chart, 27-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets have been trading in a triangle for last 3 months. Though this has been broken on the downside, markets are attempting a recovery.
A clear support (38) is visible on RSI....as long as this holds, markets can trade positive.
Break of RSI support will invite susbtantial downsides. Purists may observe an H&S being
formed on RSI chart.
Weekly charts: rangebound between 2600 and 2800. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

NiftyEOD Chart, 26-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets break triangle but attempt a recovery. The RSI also suported a bounce so till this breaks, trend can be assumed to be sideways. For a decisive break, markets must break 2660 spot or 8630 on sensex.
Levels for this week: Support 2660 Resistance 2800.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

NiftyEOD, 25-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets break triangle but attempt a recovery. The RSI also suported a bounce so till this breaks, trend can be assumed to be sideways. For a decisive break, markets must break 2660 spot or 8630 on sensex.
Levels for this week: Support 2660 Resistance 2800.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

NiftyEOD Chart, 24-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets break triangle but attempt a recovery. The RSI also suported a bounce so till this breaks, trend can be assumed to be sideways. For a decisive break, markets must break 2660 spot or 8630 on sensex.
Levels for this week: Support 2660 Resistance 2800.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

Nifty EOD Chart 20-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets close near lower end of triangle. A bounce is possible and this is supported by RSI supports (thick line). Next week, the bullishness will be confirmed if markets cross 2800. Inability to do this or a break below Friday lows will lead to a retest of 2650, breaking which, new lows are possible.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

Nifty EOD Chart, 19-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets likely to trade within triangle being formed over last 2-3 months. Within this triangle, 10/ 20 day signals likely to fail. Tight swings like 2 day swing may give decent signals but this too can be unreliable as apex of triangle is reached.
Expect strong movement once markets break out from triangle.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

Nifty EOD Chart, 18-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets likely to trade within triangle being formed over last 2-3 months. Within this triangle, 10/ 20 day signals likely to fail. Tight swings like 2 day swing may give decent signals but this too can be unreliable as apex of triangle is reached.
Expect strong movement once markets break out from triangle.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

Nifty EOD Chart 17-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets likely to trade within triangle being formed over last 2-3 months. Within this triangle, 10/ 20 day signals likely to fail. Tight swings like 2 day swing may give decent signals but this too can be unreliable as apex of triangle is reached.
Expect strong movement once markets break out from triangle.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL
have failed.

Nifty EOD Chart, 16-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets likely to trade within triangle being formed over last 2-3 months. Within this triangle, 10/ 20 day signals likely to fail. Tight swings like 2 day swing may give decent signals but this too can be unreliable as apex of triangle is reached.
Expect strong movement once markets break out from triangle.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

Nifty EOD Chart 13-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets likely to trade within triangle being formed over last 2-3 months. Within this triangle, 10/ 20 day signals likely to fail. Tight swings like 2 day swing may give decent signals but this too can be unreliable as apex of triangle is reached.
Expect strong movement once markets break out from triangle.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL
have failed.

Nifty EOD Chart, 12-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets likely to trade within triangle being formed over last 2-3 months. Within this triangle, 10/ 20 day signals likely to fail. Tight swings like 2 day swing may give decent signals but this too can be unreliable as apex of triangle is reached.
Expect strong movement once markets break out from triangle.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL
have failed.

Nifty EOD Chart, 11-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets likely to trade within triangle being formed over last 2-3 months. Within this triangle, 10/ 20 day signals likely to fail. Tight swings like 2 day swing may give decent signals but this too can be unreliable as apex of triangle is reached.
Expect strong movement once markets break out from triangle.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

Nifty Eod Chart, 10-02-09

This is for education purpose only and may not be useful for trading


EOD view: markets overbought on 15 min/ hourly charts. They are also at critical fibonacci retracement levels (refer 5 min/ hourly charts).
Prior support at 2870 getting tested. Weakness if this level breaks.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.

Nifty Eod Chart, 09-02-09

This is for education purpose only and may not be useful for trading

EOD view: Markets break out of range. Rally possible till triangle trendline (eod charts).
Weekly charts: Rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : In sell mode (SL 2930). The earlier BUY signal has failed. If the current SELL signal fails, it will mean a massively big rangebound market.

Nifty EOD Chart 06-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets back to range. Closing near weekly high. Region of 2800-2870 remains strong resistance area.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : in sell mode (SL 2930). The earlier BUY signal has failed. If the current SELL signal fails, it will mean a massively big rangebound market.

Nifty EOD Chart 04-02-09

This is for education purpose only and may not be useful for trading

Daily charts: Markets now rangebound for over 16 trading days .... alternate up/ down days with gaps highlight precarious nature of markets.
2 day swing indicators are likely to whipsaw in the short term.
Weekly charts: rangebound between 2600 and 3150.
20 day swing : in sell mode (SL 3150). The earlier BUY signal has failed.

Nifty EOD Chart, 03-02-09

This is for education purpose only and may not be useful for trading

Daily charts: Markets now rangebound for over 15 trading days and are at same level they were on 12-JAN. Last 5 trading days have alternate up/ down days with gaps thus highlighting precarious nature of markets.
2 day swing indicators are likely to whipsaw in the short term.
Weekly charts: rangebound between 2600 and 3150.
20 day swing : in sell mode (SL 3150). The earlier BUY signal has failed.