iCharts Discussions

[ConMan]

Hi

I was just going through the charts and found out an interesting pattern based on support and resistance....it seems from the chart that the range in which Nifty finds its resistance or support is 760 points....be it current resistance level above 3700 or support at 2220..it seems there is a clear pattern

Check for yourself and do comment....

Anand Rathi

[ConMan]

Hi All

With UPA expected to form Government at the Centre can we expect a breakout into a new trading range as per the range????

Regards
Anand Rathi

[ConMan]

As per the range mentioned...Nifty broke the upper level of the band and is trading in the new range....if the new range is broken please be rest assured we will see 5100+ levels

Anand Rathi

[MILANCHN]

which upperband has been broken for nifty to touch 5100+
if u could pls show in chart

[ConMan]

Hi Milan

Nifty's range is 760 points,so now 4480 level acts as resistance. If the same is broken then we move to the next range where the upper limit would be (4480+760)=5240

[ConMan]

Hi All

Markets again facing resistance at 4500 levels of Nifty (the range). If its broken we should see 5200...Is it possible? With the kind of FII money that's flowing into the market, I feel once this range is broken we will see 5200....
FII inflows:
Jan:Rs.-4245 crores
Feb:Rs.-2436 crores
March: Rs.530crores
April: Rs.6508 crores
May: Rs.20117 crores

What say????

Anand Rathi

[ConMan]

Hello All

In continuation with a post posted by me earlier,we continue to trend upwards with a possibility of 5240...will we see it or correct to 4500 is a thing to watch out for.

Regards
QGM

[Santy]

[ConMan]

Thanks Santy

[ConMan]

Hi

I know its a bit delayed update....Nifty has touched its 760 points range target of 5240...not its left to be seen whether we continue to trend upwards with a target of (5240+760) 6000 or see 4480...

Rgds
QGM