Nifty Hourly : Rising wedge formation

Below is the chart of Nifty Fut (Hourly).

Rising wedge formation is clearly visible. A break below 6280 is required for 6200.

What is rising wedge: See here

Hot Trades!!

Below are the charts of DLF and HDFC

Recently executed trades: http://www.equityexperts.co.in/2014/01/some-jackpot-option-ideas.html

Some jackpot option ideas

NOTE : This kind of option trading is risky as we will buy well OTM options, which have high value of time erosion, But at the same time they offer a great return ( 200-500% ).

Nifty right now (07/01/2014 11:37AM ) is trading below 6170 , CMP 6165 for 1 hour.

As mentioned earlier 6170 was important support for nifty spot. click here : http://www.equityexperts.co.in/2014/01/nifty-update-03-01-2014-and-happy-new.html

Aggressive traders can take position right now in these trades, conservative traders can wait for closing of nifty below 6170 or better below 6150 and then can initiate these positions at bit higher prices.

Disclosure: we have positions in these options prior to writing this post. No client has any position as no paid service is currently running.


Below are some picks with detailed chart analysis:

Nifty Update: 03-01-2014 and Happy new Year 2014

Nifty's today low is very crucial.

Any close below that will bring it below 50 days SMA and also a channel breakdown will occur.

2-3 + weekly close below 6100 will confirm downtrend.

Also one has to keep an eye on political movements as elections are nearing and their result anticipation can cause movements in nifty which can bypass technicals.


Below are two charts of NIFTY with different technical analysis.

50 days SMA importance

Trend line + channel importance