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traders_pit Updated 

In hourly Nifty Chart, there is a Doji and Nifty is opening gap up for 6 days now. A good time to book longs and actually go short. If you are still long, then please place a sensible stop loss. For those who are initiating source. 12000 in spot prices will be a good stop loss.

traders_pit Updated 

There is positive divergence in BankNifty Spot on 30 min chart. With the consolidation happening above 22000 spot prices, it is an easy long with stop loss just below 21800 in spot prices. Target - 23200+

traders_pit Updated 

Bank Nifty spot took support near important levels of 21000-20900. A good buy zone. With rising RSI on hourly chart and channel formation on daily chart, it's a good long with SL below 20900. The near term target is 24000.

traders_pit Updated 

A good pattern is developing in divergence. NIfty can down swiftly by around 100 points. Stop loss is day's high. All prices in SPOT Please use your own discretions, the chart is shared for learning purposes only.

traders_pit Updated 

Banknifty is all set on daily charts for a strong up move of nearly 2500+ points. Right now, it needs to close above 18200 to start the next leg of up move. 18200 is high above May 19 high of the day.

traders_pit Updated 

BankNifty taking multiple supports, not able to break recent lows. RSI posivitve divergence. A very strong chance to BankNifty touching 22k in few days. Stop loss is recent low of May 12th.

traders_pit Updated 

BankNifty has managed to close above the trend line. The volume is good and it didn't break the day's low which would have again put it into a range. It's long with today's low (19500) as stop loss

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Nifty and BankNifty gave clear breakout signal. NIfty is long now along with Bank nifty. RSI positive divergence with channel breakout is there on 30 min timeframe. This is supported by 1 hour time frame too.

traders_pit Updated 

NIFTY Daily charts ( and hourly also) are showing a clear sell signal for NIFTY. RSI divergence along with NIfty Spot prices is showing NIFTY being weak for time being.

traders_pit

Banknifty chart on hourly and 30 min is showing positive divergence. a good sign that banknifty may fire up today. A good idea to go long with recent low as stop loss.

traders_pit Updated 

NIFTY closed below support of 12150, but opened higher. RSI also lower than 30. Not a time to go short. NIFTY is good long now, with Stop Loss below Yesterday's (26th Dec ) low. All prices as NIFTY Spot

traders_pit Updated 

Nifty has triggered sell mode. Negative divergence on hourly chart as well as weak closing today has made NIfty a good short candidate. Nifty is sell on Rise now. Support for NIfty is at ~ 12150

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Last week Nifty was in consolidation mood which went on till yesterday's expiry. The stop loss for NIfty was 11750 (spot prices), so adding to previous long positions was done. Now looks like NIfty has taken U turn from 11800 itself and no more adding to longs will be done. Right now it is Buy on Dips for Nifty

traders_pit

Nifty has resisted to fall on last two chart patterns, and then closed comfortably above 12000 on thursday expiry. Now current chart pattern is showing consolidation. RSI is also providing strength. As per chart, Nifty is showing all the signs of a stron up move. Good time to go long

traders_pit Updated 

Nifty has formed multiple divergences on 30 min and 60 min time frame. This shows clear weakness in index. Though more analysis of the chart patterns can be done, the analysis is still same. NIFTY is sell on rise mode now.

traders_pit Updated 

With current up move being strong, the chart patter is showing a strong possibility of profit booking in NIfty. We might see a drop of 50-60 points from current level of 11910. Be careful with longs. The medium term outlook is still long.

traders_pit Updated 

NIFTY just touched the recent low, but RSI is making higher low. This pattern has strong success rate. On top of that, the last bar in 30 min chart is pin bar, which is also a strong reversal indicator. Looks like good time to initiate long again, with stop loss below recent lows.

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Nifty has moved up quite a distance from last update. Now as it is visible in chart, it is near other resistance level as well as RSI is also near 80. There are high chances that NIFTY will take a pause here before resuming its upward movement. Time to book some profits and update Stop losses at least intraday.