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NIFTY EOD charts

- nifty closed 0.7% in positive at 14823

- AD was 5:4

- trading range was narrow

- support 14000 resistance 15000

- highest OI seen at 140500 in puts and 16000 in calls

- however good chances of 15000 being defended

OI chart

NIFTY intraday charts

5 min:

NIFTY EOD charts

- today nifty closed 0.7% in positive at 14725

- AD was 5:4

- holding 14500 will be bullish with targets 15000-15500

BANKNIFTY EOD charts

- overall trend is down

- but net move in past 3 months is insignificant

- this year started with open at 32600 (approx)

- and today close is 32800

NIFTY EOD charts

- nifty closed 0.8% in positive at 14618

- trading range was within prev day high/ low range

- AD 2:1

- rangebound market seen for almost 3 months

NIFTY intraday charts

5 min:

NIFTY EOD charts

- nifty closed 1% in negative at 14496

- while yesterday was a bullish bar, nifty failed to sustain above prev day high

- however it not break prev day low

- AD was 4:5

- support 14000 resistance 15000

NIFTY intraday charts

5 min:

NIFTY EOD charts

- nifty opened gap down but managed to close flat at 14634

- at one time, nifty was down almost 1.5%

- AD was 3:2

- typically, a gap down opening followed by close near day's high has bullish implications

- but this year, markets are either tired or just consolidating

- reason is mid JAN nifty was near 14500 and today we are still there

- support is developing around 14000

- resistance/ swing high is at 15000

NIFTY intraday charts

5 min:

NIFTY EOD charts

- nifty closes 1.4% in positive at 14865

- AD was 2:1

- looks like this sideways/ time wise correction is over

- now resistance around 15000

- swing low support around 14200

- note nifty is already up almost 45 this week

NIFTY EOD charts

- today nifty closed 1.2% in positive at 14653

- AD was 5:2

- on line charts, nifty has closed above swing high

- RSI charts indicate stiff resistance around current levels

- kplswing indicator will give a buy on close above 15000

BANKNIFTY closes above recent swing high

 

NIFTY intraday charts

5 min:

NIFTY EOD charts

- today nifty closed 1% in positive at 14485

- AD was 2:1

- trading range was extremely narrow

- today's price action was similar to what happened in the green box

- one big red bar followed by 3 green bars (last one smallest)

- we are seeing range compression on RSI charts

- a breakout should happen shortly

NIFTY intraday charts

5 min:

NIFTY EOD charts

- nifty closed 0.4% in negative at 14341

- AD was 5:4

- overall structure looks bullish in light of sideways consolidation

- notably no support is broken so far

- option writers expect 14000 to hold this month

- resistance is pegged at 15000

NIFTY intraday charts

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