Nifty and Bank Nifty 90 min charts for 13 Dec 2011

Nifty and Bank nifty continues to be in sell mode on the 90 min charts and it even breaks the major critical support zone 4688 & 8786 on the 4 hourly charts. Current Cloud Resistance region comes near 5020 and 9099 respectively.

Related Readings and Observations

• Nifty and Bank Nifty 90 min chart update for 19 Dec 2011
  Nifty is in sell mode since 8th Aug with trailing cloud resistance coming near to 4786 and 8545. Today the major suppot zone 4700 also breaks. So one should be careful in their shorts if nifty regains above 4700 again on eod basis which is the early ...
• Nifty and Bank Nifty 90 min charts update for 16th Dec 2011 Trading
  Nifty and Bank Nifty is in sell mode since 8th Dec with resistance coming near to 4812 and 8656 respectively and still 4700PE holds the higher open interest with EOD supports coming around 4700. Closing below 4700 on EOD basis indicates further bear...
• Nifty and Bank Nifty 90 min charts for 15th Dec 2011 Trading
  Nifty and Bank Nifty continues to be in sell mode on the 90 min charts since 8th Dec 2011 with resistance coming near to 4959 and 8996 respectively. Still Higher Open Interest holds for 4700PE Dec series. Breakdown and close below 4700 indicates furt...
• Nifty and Bank Nifty 4 hourly charts for 12th Dec 2011
  Though Nifty and Bank Nifty is in sell mode on the 90 min charts. When looking into the Higher timeframe charts i.e on 4 hourly charts both the nifty and bank nifty are at the extreme ends of the ichimoku cloud supports. There is a possibility of Nif...
• Nifty and Bank Nifty 90 min charts for 9th Dec 2011 Trading
  Nifty and Bank Nifty turned to sell mode with resistance coming around 5024 and 9113 respectively.Open Interest built up observed in 5100 CE and 5200CE Dec series. And the Highest Open Interest still holds at 4700PE series....