Nifty Trend update 17 Nov

Nifty trend update

Nifty index appears to be stalling at 8420-8330 levels. Last two weeks moves have been in 1.5% band.
Looking at RMA and bands Nifty appears slightly in over bot zone.

Trend view
4 HR trend: Bullish

Trading wise there is no signal for profit booking or short side trade.

Levels to watch: 8440 and 8320.
Break of these levels will set direction.

Next week 17th-18th Nov can be possible trend changing dates.

Weekly update 11th Aug

For the week starting 11th Aug 2014

Trend : Bearish,
Power: Low

Stoploss levels: 7644, 7686, 7720
Support levels: 7500,

Index closed below 50 SMA for the first time since Feb'14. We need to see 2 more close below 50 SMA for final conformation of it being resistance.

The 4 HR chart has still not indicated a powerful bearish trend as candle close below lower band and RMA minor break of 40 are missing.

Looking at Trend changing dates we have 8th to 11th as cluster.

Lets see if we can expect some reversal on Monday and how long it can last.

Daily update 21 July 2014

Daily update 21 July 2014

21-Jul-14
Trend	Bullish
Power	Low
Support	Resistance
7612	7710
7583	7731/7745

July 2014 Trend Change Dates

For July 2014 TCD dates are:

15th July
21st July
and 31st July.

21st July can prove to be a short term top.

Trend Change Dates June 2014

Trend Change Dates June 2014

Following are cluster of days for Trend change in June

1. 5th (Thu)/6th (Fri) J/M
2. 10th (Tue)11th (Wed)/12th (Thu) M+SF/EV/H
3. 16th (Mon)/17th (Tue)/18th (Wed)/19 (Thu)/20th (Fri) H/M+H/H+S+T/SF/T
4. 23rd (Mon)/25th (Wed) S/S

Mer OOB 10th May to 6th June

H Mars Sat conjunction 15 June

Summer Solstice 21 June

So possible Trend change dates are

5th/6th, 11th, 18th/19th, and 24th for June month.

Daily update 21 May 2014

Daily RMA update

Hourly RMA charts

Nifty levels 7320 and 7210.

Daily update 20 May 2014

Daily RMA update

RMA Hourly charts