DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.
NIFTY FUTURES (5456.75) + 97.85 5554.60
The Three Advancing White Soldiers, Japanese Candlestick Patterns, marched ahead for a 97.85 points gain.They are exactly at the Upper resistance of the Falling channel.Tomorrow, it should stay above 5562 and volumes should increase within a day or two to sustain the Uptrend.Failure to close above the channel, may lead either to a pause or reversal.
DAILY NIFTY FUTURES
BANK NIFTY FUTURES (9065.1) + 123.90 9189
Bank Nifty Futures is also moving in a down Channel.A break and close above 9242 is required for it be bullish.Failure to close above 9242 in a day or two will lead to reversal.The Candlestick pattern is also a weak pattern called a Stalled pattern.
MUTHOOT FINANCE (113.35)
Inverted Shoulder Head Shoulder Pattern.Stoploss anywhere between 103-108. Good for buying.
NIFTY FUTURES (5456.75) + 97.85 5554.60
The Three Advancing White Soldiers, Japanese Candlestick Patterns, marched ahead for a 97.85 points gain.They are exactly at the Upper resistance of the Falling channel.Tomorrow, it should stay above 5562 and volumes should increase within a day or two to sustain the Uptrend.Failure to close above the channel, may lead either to a pause or reversal.
DAILY NIFTY FUTURES
BANK NIFTY FUTURES (9065.1) + 123.90 9189
Bank Nifty Futures is also moving in a down Channel.A break and close above 9242 is required for it be bullish.Failure to close above 9242 in a day or two will lead to reversal.The Candlestick pattern is also a weak pattern called a Stalled pattern.
MUTHOOT FINANCE (113.35)
Inverted Shoulder Head Shoulder Pattern.Stoploss anywhere between 103-108. Good for buying.