Wednesday, February 8, 2012

Demand Supply Chart Update


Yesterday we have posted our Demand(Support) and Supply (Resistance) Chart for Nifty. Clearly mentioned there that we have bought in that area and see it given again more than 40 + points when updating this article.

Check first article given chart of Demand and Supply

article Which tells----

  • About Strong Demand area at 5326 to 5316 area and one can buy with SL of 5293 and we bought at that area.
  • Also price is near DHEMA 5340 and near our AMF value 5319.
  • Strong Supply Zone (Till it doesn’t get broken) at 5390 to 5400 area.

See today’s updated Chart at 11.10 AM Which shows

  • Nifty heading towards our Supply Zone of 5390 to 5400 (Till it not broken as this is strong uptrending market can be broken any time)
  • We will book part profit near this area.

Nifty_Support_Resistance_Zone_Update

Chart Update At 2.15 PM

See how prices behaved from Supply Zone.

Nifty_Support_Resistance_Zone_Update1


For Further Reading,
Demand and Supply, Nifty Positional Update, Nifty Technical Analysis

2 comments:

Prabakar said...

Dear SAM,

The above chart looks updated than shared before. is it sharable or personal trading system.
If sharable, Could you please give the link to download.

Thanks,
Prabakar

SAM on February 8, 2012 at 3:27 PM said...

Dear Prabakar,

It is almost same chart... only AMF figure is for my personal trading... and buy and sell signals ... based on my customized criteria. Using for personal trading.

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