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| NSE Advances-964 Declines-481 |
NIFTY
Trend-Flat to Strong
SENSEX
Trend-Flat to Strong
If NIFTY breaches 5397 and stays above at least 5378 with good volume then NIFTY trend is becoming 'STRONG' and may see 5420 and 5450.If Nifty breaches 5327 and stays below 5345 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5300 and 5270.
If SENSEX breaches 17837 and stays above 17771 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17920 and 18045. If SENSEX crosses 17578 and stays below 17643 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17485 and 17370.
Intraday break out level to watch on NIFTY Spot- 5397
Intraday break down level to watch on NIFTY Spot- 5327
Trend-Flat to Strong
SENSEX
Trend-Flat to Strong
If NIFTY breaches 5397 and stays above at least 5378 with good volume then NIFTY trend is becoming 'STRONG' and may see 5420 and 5450.If Nifty breaches 5327 and stays below 5345 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5300 and 5270.
If SENSEX breaches 17837 and stays above 17771 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17920 and 18045. If SENSEX crosses 17578 and stays below 17643 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17485 and 17370.
Intraday break out level to watch on NIFTY Spot- 5397
Intraday break down level to watch on NIFTY Spot- 5327
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.
