Monday, 18 April 2016

Nifty's trend (18th April,2016)

Dear Friends, Good morning

As per my technical indicators , the base of 7635 is so rigid.... & and it is likely to get a shift at 7777....! It is not extremely clear... but seems to be 50:50 chances...!

If 7777 is not formed , there are chances for NIFTY to come back to once again at 7635 level....!
If this week closing happens above 7920+ , assume that the shift is comfortably made towards 7777 & NIFTY has all the chances for crossing 8277 in the coming weeks...!

If, heavy sell off  happens & profit booking made 7900-7850 level, then there could be swift sliding towards 7777 to 7635 zone...!

So, for the moment our short term indicators show us the level of 7777 - 7954 zone...! Our medium term is aligned between 7635 - 8150 zone...!

In overall, trend is changing from bullish to neutral and there could be a minor consolidation, before making the decisive move......! 7800 to 7885 acts as an important level, to watch out for bullish / bearish...!  

If you are holding the positions, you can align them accordingly....!

with kind regards,



  1. Thanks sir

    சிங்கம் கிளம்பிருச்சு வேட்டைக்கு

  2. Dear Sir

    Thanks for information

    Thanks & With warm Regards.

    M venugopal Mumbai 400088.

  3. Aum sir
    Thank you for your update sir

  4. Take care your health..Sir..God bless you and your family to give more strength. Best Regards Sri.

  5. வாழ்கவளமுடன்

  6. Take care eventhough health is alright sir...

  7. Rishi Anna, Today support @ 7800 Resistance @ 8015. Regards,Raghu