29 august closing trend

Nifty     24428   - 440

Gann level    

23600 <24000 < 24400 > 24800 > 25200 

Chart trend start gain stoploss

2 hr DOWN @25100 * 600 * 24500

Daily DOWN @25100 * 600 * 24500

Weekly DOWN @25500 *1000 * 24600 

Monthly DOWN @25500*1000 * 24600

* Week start with nifty rally on monday and corrected 600 points on global news next 3 day with 440 point weekly loss.

*Month close with loss of 340 point

* 60 min chart close below 500 ma

*buy hold stoploss, Daily 500 ma at 23000

* last quarter GDP growth at 7.8% is good news.

22 aug close trend

Nifty     24870     +240

Gann level    

24000 < 24400 < 24800 > 25200 > 25600 

Chart  trend   start       gain    stoploss

2 hr   DOWN  @25100 * 200  * 25000

Daily   DOWN @25100 * 200 * 25000

Weekly down @25500 * 600  * 25000 

Monthly down @25500 * 600  * 25400

* Week start with nifty rally on monday traded flat and corrected 200 points last day with 240 point weekly gain.

14 aug close trend

Nifty     24630   ,  270

Gann level    

 23650 < 24000 < 24400 > 24800 > 25200

Chart  trend   start       gain    stoploss

2 hr    UP    @24400  * 200  * 24600

Daily   UP    @24400  * 200  * 24500

Weekly down @25500 * 900  * 24700 

Monthly down @25500 * 900  * 25400

* Week start with nifty rally on monday and hold gain till weekend.

*Equity inflow in fund rise in july, but equity aum down dua to fall in market.

* 53 month positive inflow in MF, inspite 18 negative close on nifty.

*50 ma support at 24200 on monthly chart

* US Russia meet result and local news to impact next week.

*technical target 22400 till november end.

*stoploss for buy hold at 23500 for august

*stoploss for sell hold at 85500 for august

8 aug close trend

Nifty     24363     ,  -200

Gann level    

 23650 < 24000 < 24400 > 24800 > 25200 

On fibo band - 

Chart  trend   start       gain    stoploss

2 hr    down  @25600  1200   24400

Daily   down  @25600  1200   24400

Weekly down @25500  1100   24800 

Monthly down @25500 1100   25600

* Week start with nifty rally 150 pt and fall next day on global news, RBI meet fail to boost market. Expiry flat despite Trump terror. Heavy selling fall 250 points on last weekday.

*sixth down week on fii selling , bad result and global news of 1300 point fall

4 july close trend

Nifty     25460 ,  -180

Gann level    

 24400 < 24800 < 25200 < 25600 > 26000 > 26400 >26800

On fibo band

2 hr down trend @ 25600 sl 25550

Daily down trend @ 25600 sl 25500

Weekly up trend sl 25500

Monthly down trend @ 25500 sl 25550

Month,qrt end profit booking for div by        MF on monday,

200 pt fall in nifty on expiry