Nifty Futures technical chart updated at 13th May 2015, Wednesday at 12:00 pm.

NIFTY FUTURES

Nifty futures witnessed sharp selling in hourly chart and it is now testing its neckline support once again. If it holds below its neckline then weakness expecting. This sharp selling comes with good volumes as shown in above nifty technical chart, this will favor bears.

Nifty Futures stock market tips intraday chart updated on 13th May 2015, Wednesday.

NIFTY FUTURES

Nifty futures has formed head and shoulder pattern in intraday charts, technical indicates so far it is moving up from its neckline support zone, so as long as it trades above bulls will be favored and further intraday action can be seen.

MACD indicator is moving in negative zone once if it turned positive then sharp move can be seen. Visit link for more stock market tips on Indian stock markets.

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.

BPCL

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.