2 Jun 13, 04:37 PM
admin: eod nifty chart is showing these candles
2 Jun 13, 04:38 PM
admin: study of last 4 candles
2 Jun 13, 04:39 PM
admin: spinning top ……dilemma
2 Jun 13, 04:39 PM
admin: hanging man …reversal of trend indication
2 Jun 13, 04:40 PM
admin: whaite body engulfing…we can say …perfect bull trap
2 Jun 13, 04:45 PM
admin: and lastly large red candle confirmed gr8 fall
2 Jun 13, 04:49 PM
admin: 5940 50 is looking as very light support as per daily chart
2 Jun 13, 04:50 PM
admin: but 5864 and 5775 are strong supports
1 Jun 13, 06:41 PM
admin: so again question is
1 Jun 13, 06:41 PM
admin: what to do on monday
1 Jun 13, 06:41 PM
admin: at 5980
1 Jun 13, 06:41 PM
admin: or 6k
1 Jun 13, 06:44 PM
admin: yes kunal
1 Jun 13, 06:44 PM
admin: i m not bullish at 6klevel
1 Jun 13, 06:55 PM
admin: reason
1 Jun 13, 06:56 PM
admin: see weekly candle
1 Jun 13, 06:56 PM
admin: closed at bottom of last week candle
1 Jun 13, 06:56 PM
admin: shape doji LONG legged like shooting star
1 Jun 13, 06:57 PM
admin: can see here http://chartink.com/stocks/nifty.html
1 Jun 13, 06:58 PM
admin: volume is comparatively higher
1 Jun 13, 07:03 PM
admin: but 1 more thing is there
1 Jun 13, 07:04 PM
admin: last weekly candle is bullish harami also
1 Jun 13, 07:04 PM
admin: if we see 2 last candles
1 Jun 13, 07:04 PM
admin: so dilemma
1 Jun 13, 07:05 PM
admin: doji or shooting star or harami
1 Jun 13, 07:05 PM
admin: harami is ok
1 Jun 13, 07:06 PM
admin: but will it be bullish or bearish harami
seeing both charts we can say market participants are still having both bullish and bearish opinion …conclusion is nifty may trade between 5775 – 6075… if nifty slipped below 5950 and stays there then it will remain below 5950 for full week .
Do not oppose trends …do not mix your emotions with your analysis …do not expect too much ….grow slowly like a tree….Do not try to grow fast like a creeper …its life is too short …
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sgx daily chart is showing that it cracked after tweezers top …
i can see tristar also and as per that 5750 will be on cards within 5 sessions
NIFTY MACRO AND MICRO ANALYSIS for week ending 07 June 13