I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Tuesday 18 June 2013

NIFTY Levels - for 19th June 2013:

1) NS closed @ 5689 with highest one day move.

1) NIfty Closed at 5813,  -38 pts. 
2) Pattern:- Monthly Chart forming a Triangle,
Weekly giving -ve Divergence on RSI & MACD, 
Daily Nifty has not broken the old Trendline and has taken support
3) Nifty is bouncing. Our Tgt 5930 ~ 5950.  then get ready to SHORT NIFTY for atleast 300 pts :)
4) OI:-   Call OI Highest at 6000 ,
            Put OI  highest at 5700,
            PCR OI from 0.98 to 0.94
5) Daily TF        :-      
    ->  Bollinger  :-        Downtrend
    ->  RSI (9)      :-       Uptrend, but in -ve zone, so sell on rise intraday
    ->  MACD (9,19,6) :- Bullish Crossover about to happen, still negative
    ->  Stoc (15,3)  :-  Bullish

Out Mantra is Sell on Rise..