RMA 1 HR 11 Apr update

15 Apr: RMA 1 HR update

Index is in sideways consolidation with bullish undertone.
There is a higher possibility that a minor low is in place for index within our time window of 11th - 15th Apr.
But now the trend has to be of caution as this move will be cause divergence.

RMA 1 HR 10 Apr update

RMA 1 HR 10 Apr update

Today's formation is cautious as hourly RMA came down with 4 HR RMA not able to cross above major RMA.
Hourly breakout should not fail in 1-2 days which would indicate that Nifty can in sideways move.
Nifty future closed lower while index was flat for day.

Support is at 6790-80 range. Watch for 6840 levels for spot.

Next probable TCD

Look for 11th Fri, 12th Sat and 15th Tue for minor change on trend.

RMA 1 HR update 9 Apr

RMA 1 HR update 9 Apr

Index broke out of bands with hourly Minor RMA above 60 levels.
Support levels 6795 and 6775.

RMA 1 HR 7 Apr 2014

RMA 1 HR 7 Apr 2014

Daily RMA 1 Hour chart

Daily Charts 2 Apr 2014

RMA Charts

Super Trend chart