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| NSE Advances-861 Declines-559 |
NIFTY
Trend-Flat to Strong
SENSEX
Trend-Flat to Strong
If NIFTY breaches 5370 and stays above at least 5347 with good volume then NIFTY trend is becoming 'STRONG' and may see 5395 and 5425.If Nifty breaches 5282 and stays below 5304 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5260 and 5210.
If SENSEX breaches 17741 and stays above 17673 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17820 and 17915. If SENSEX crosses 17469 and stays below 17537 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17400 and 17250.
Intraday break out level to watch on NIFTY Spot- 5370
Intraday break down level to watch on NIFTY Spot- 5282
How to trade with trends?
On normal trading days if the trend is 'STRONG' the stock or indice is a buy.If the trend is 'WEAK' the stock or indice is a sell.If the trend is 'Flat' one must hold the stock or indice. 'FLAT TO STRONG' trend indicates that one must buy stock or indice on declines for small targets.'FLAT TO WEAK' trend indicates one must sell on rally for small targets.
How to apply trend analysis on stocks?
You can apply trend analysis on stocks also.If the trend is 'STRONG' Select strong stocks and buy with stop loss.If the trend is 'WEAK' Select weak stocks and sell with stop loss.If the trend is 'FLAT' Select strong stocks and buy with stop loss. Also select weak stocks and sell with stop loss.
If the trend is 'FLAT TO STRONG' Select strong stocks and buy on declines with stop loss.If the trend is 'FLAT TO WEAK' Select weak stocks and sell on rallies with stop loss.
NB- As the title indicates this analysis is prepared for Intraday trading purpose.As it is clearly based on momentum and technicals it may have slight impact on Next trading session also.Some times we are considering news also.There are several methods to calculate support and resistance.If you have your own method for analysis we recommend to use that.All the above values are technical calculations with out any guarantee .Keep this values in mind while trading.Trade at your own risk.
Trend-Flat to Strong
SENSEX
Trend-Flat to Strong
If NIFTY breaches 5370 and stays above at least 5347 with good volume then NIFTY trend is becoming 'STRONG' and may see 5395 and 5425.If Nifty breaches 5282 and stays below 5304 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5260 and 5210.
If SENSEX breaches 17741 and stays above 17673 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17820 and 17915. If SENSEX crosses 17469 and stays below 17537 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17400 and 17250.
Intraday break out level to watch on NIFTY Spot- 5370
Intraday break down level to watch on NIFTY Spot- 5282
How to trade with trends?
On normal trading days if the trend is 'STRONG' the stock or indice is a buy.If the trend is 'WEAK' the stock or indice is a sell.If the trend is 'Flat' one must hold the stock or indice. 'FLAT TO STRONG' trend indicates that one must buy stock or indice on declines for small targets.'FLAT TO WEAK' trend indicates one must sell on rally for small targets.
How to apply trend analysis on stocks?
You can apply trend analysis on stocks also.If the trend is 'STRONG' Select strong stocks and buy with stop loss.If the trend is 'WEAK' Select weak stocks and sell with stop loss.If the trend is 'FLAT' Select strong stocks and buy with stop loss. Also select weak stocks and sell with stop loss.
If the trend is 'FLAT TO STRONG' Select strong stocks and buy on declines with stop loss.If the trend is 'FLAT TO WEAK' Select weak stocks and sell on rallies with stop loss.
NB- As the title indicates this analysis is prepared for Intraday trading purpose.As it is clearly based on momentum and technicals it may have slight impact on Next trading session also.Some times we are considering news also.There are several methods to calculate support and resistance.If you have your own method for analysis we recommend to use that.All the above values are technical calculations with out any guarantee .Keep this values in mind while trading.Trade at your own risk.
