HEMANT PARIKH
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NIFTY VIEW ( HEMANT )

Hemant Parikh at 12:01 AM - Jul 29, 2016 ( ) Views: 606

2 1

Trend:


NIFTY 50 seems to be in uptrend. Bullish

NIFTY 50 is trading near the highs of last 1 year. 

In the medium term the prices have been in Uptrend.

Longer to medium Term Trend is Up.

 

Japanese candlestick analysis:


NIFTY 50 is trading near the Top of the day's range. 

Higher High and Higher Low compared to previous day. Bullish

Day's Range: 8625.25 ~ 8674.70

NIFTY 50 opened at 8636.95 compared to previous close of 8615.80

2016-07-28 was NR7 day. NR7 day after a trending move usually implies loss of momentum in trend. Range expansion is likely after NR7 day.

 

Day's pivot point levels (support and resistance):


NIFTY 50 is trading Above the pivot. 

Pivot Point 8,655.42

Pivot Point Resistance at 8,685.58(R1) --> 8,704.87(R2) --> 8,754.32(R3) --> 8,803.77(R4)

Pivot Point Supports at 8,636.13(S1) --> 8,605.97(S2) --> 8,556.52(S3) --> 8,507.07(S4)

*pivot points are calculated based on the closing data of 2016-07-28

 

volume and moving average analysis:


20-Day SMA: 8,488.1

20-Day average volume: 177,548,850

20-Day Range: 8,242.1 ~ 8,674.7

NIFTY 50 has average daily volume of 177,548,850 compared to today's volume of 240,691,000. It is currently trading Above 20 day simple moving average. 

 

Intraday Bullish!!!



50-Day SMA: 8,263.9

50-Day average volume: 194,318,320

50-Day Range: 7,715.8 ~ 8,674.7


Short Term Trend is Up!!!



NIFTY 50 has a support around the gap up area between today's low and previous close 8615.80 ~ 8625.25

8625.25 to act as intraday support.

 

52-week range:


52 Week Range: 6825.80 ~ 8674.70

It is currently trading about 0% below it's 52-week high.

NIFTY 50 has made a new 52-week high today at 8674.70.


For any stock, the 52-week high event is an important milestone because it implies strong buying momentum.

 


(1 to 3 out of 3) - Latest Replies on Top | First | << Previous | Next >> | Last |
Krishna Vemani at 07:49 AM - Jul 29, 2016 ( )

Thanks for giving your Valuable Views Sir.

Hemant Parikh at 12:17 AM - Jul 29, 2016 ( )

I M WAITING FOR " 8888 " 

Niranjan Batchu at 12:12 AM - Jul 29, 2016 ( )

HEMANTH,

THANK YOU...

CAN WE SEE "NIFTY @ 9000" next week???

1 to 3 out of 3

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