Nifty Hourly Chart
As seen from Hourly Chart 5340 is resistance for monday and a impulsive move above this could take Nifty back to 5400 Levels
RSI and STOCH are showing positive divergence which is quiet evident and we would looks for price move to confirm.
We should see a Huge round of volatility and my suggestion to all traders is Keep Booking profit coz in a fraction of Mins a profit making positions can turn to Loss.
On Friday Nifty gave 80 points move in 3 Mins just to give a sense of volatility which we will see.
Nifty Positional Buy/Sell System
Nifty Positional trading system gave a Buy which was stopped out at 5460 and now again
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Thanks Bramesh for the analysis.I was not able to reach ur site,now got the reason.
ReplyDelete@WWI,
Thanks for adding up my Blog 'The Third Eye' to ur bloglist.I have reciprocated by adding ur nice site to 'my favourite blogs' list.
Keep going with ur unique method and analysis.Al the very Best.
BTW are u Gautam Bajaj who used to comment at JN sometime in last year? If so a Big Hi and how is your baby doing??Take care,Regards