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Nifty Futures can see some buying from current levels - Chart Updated on 13th May 2015, Wednesday.


NIFTY FUTURES


Nifty futures hourly chart indicates that index may form head and shoulder pattern in intraday chart as shown in above graph.
As long as index holds above its neckline bulls may be favored and buying can be seen. But once Nifty Futures starts trading below its neckline then can see some selling and index will test its recent bottom. Visit link to read article on different methods of buying and selling.

BPCL trading forecast updated on 12th May 2015, Tuesday.




Stock has formed head and shoulder pattern in daily chart technical indicates stock can see some trading action once it closes above its neckline of if it closes below its trend line support zone then weakness expecting till then trend will be mix. Click here to read article on various methods of trading in stock markets.

Chart also indicates that BPCL is facing 200 days moving average support, once it starts trading below then bears will be favored as per moving average studies.

Bank Of India stock market tips India chart updated on 12th May 2015, Tuesday.




Stock witnessing selling pressure from 50 days moving average and it is currently trading below 20 days moving average in bollinger band as shown in above images this indicates bears will be favored. 

On down side stock will find strong trend line support at its previous bottom, once Bank of India closes and holds below its support zone then further weakness can be seen in coming days. Visit our site for more Indian stock market tips.

Stock major trend indicator is moving in negative zone this indicates further weakness can be seen in coming days.

Nifty Futures witnessing selling pressure from resistance - Chart updated on 12th May 2015, Tuesday.


NIFTY FUTURES


Nifty futures witnessing selling pressure from 38.2% fibonacci retracement and 20 days moving average in daily chart, technical indicates nifty will favor bears as long as it trades below.
If falls further then it will find strong support at its previous bottom. Even its major trend indicator "MACD" if moving in negative zone this will favor bears its other trend indicator "Stochastic Oscillator" is so far moving in positive zone once its too turn negative then we can see some further weakness. Close Watch.

Bank Nifty futures intraday tips updated on 12th May 2015, Tuesday at 11:00am.




Bank Nifty futures witnessing strong selling pressure from its resistance zone (200 hours moving average and golden ratio resistance). Technical indicates further intraday weakness can be seen as intraday graph indicating bearish trend.
If Index falls further then its major trend indicator "MACD" and Stochastic Oscillator" can turn negative so far they are moving in positive zone. Visit link for more intraday tips in Indian Stock Markets.

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