Sunday, August 25, 2013

Super post - Different Trends for Nifty

Technical Forecast for 26-August- 2013 for Nifty

On 23-August-2013, Nifty Closed at:5,471.75 (+63.30 pts) on account of shortcovering by bears, On 26-Aug-2013, short covering may continue in markets.

 Daily trend(as per XL trading system): Uptrend
Market Type(as per XL trading system): bear market

 Daily Nifty Technicals Snapshot:

Different and various year charts for nifty index
long term trend nifty chart of past 10 years, Bull market over, now india in consolidation phase.
2004 onwards nifty 10 year's chart
medium term trend chart  of nifty, past 7 years, with trading range.
2007 onwards nifty 7 year's chart
short term trend chart of nifty, from january 1st, 2013 onwards, head and shoulders pattern clearly   visible with a target of 5000 on Nifty index.
January 2013 onwards nifty chart
In the short term trend Nifty chart, short term trend chart of nifty, from january 1st, 2013 onwards, head and shoulders pattern clearly visible with a target of 5000 on Nifty index.
Timeline returns negative for nifty, start of negative returns for nifty
Timeline returns negative for nifty

Trade Performance of XL trading system
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