Do we know Nifty going to bounce ?

[pkjha30]

One thing i am relatively sure that this time there would be a Long period of Base forming .

Reason for Long Period base formation:=

1) The Election is nearby,Mkt does not like Political Uncertainity.
2) The Global Melt Down will percolate down here to take a toll on indian corporate earnings.
3) Any Reversal signal is Still not visible in the charts.

BY the time General Elections are over in India, US President would have 5 months in office and US economy should show signs of stability. That would be a good signal for rest of the world. Indian cabinet by that time would be taking over and certainly a slew of economic measures would be expected to kick start the recovery process. So I reckon by May onwards base formation would be complete and market should show first signs of uptrend.

Base formation in my opinion would be around 10000 level and this would be a stronger base as it will have four years of jump ahead. Only problem would be a coalition govt constrained by coalition adharma. Lets see...

pk

 

[uasish]

http://www.traderji.com/derivatives...trading-part-2-positional-382.html#post237634

 

[renu daga]

the stocks rae falling so miserably,,, taht in monthly charts we see wa wide range,,,,bar

which is really havoc...for reversal a good pull back is utmost necessary

renu
to overcome those wide range bars with huge vol
now vol is teh only question here ,, which is totally on negative side..... which is selling,.,,,THEN WHO IS BUYING!!!
i ma seling 3000 crore,,, who is buying that 3000 crore lot!!!
just an example,,,

 

[columbus]

the stocks rae falling so miserably,,, taht in monthly charts we see wa wide range,,,,bar

which is really havoc...for reversal a good pull back is utmost necessary

renu
to overcome those wide range bars with huge vol
now vol is teh only question here ,, which is totally on negative side..... which is selling,.,,,THEN WHO IS BUYING!!!
i ma seling 3000 crore,,, who is buying that 3000 crore lot!!!
just an example,,,

renu,

on weekly basis, we have around 400 gainers and around 800 losers.
That is a great improvement as far as gainers are concerned .That
does not mean that you can go LONG.Better to wait for a rally till then
stay on sidelines.

 

[Ank!t007]

the stocks rae falling so miserably,,, taht in monthly charts we see wa wide range,,,,bar

which is really havoc...for reversal a good pull back is utmost necessary

renu
to overcome those wide range bars with huge vol
now vol is teh only question here ,, which is totally on negative side..... which is selling,.,,,THEN WHO IS BUYING!!!
i ma seling 3000 crore,,, who is buying that 3000 crore lot!!!
just an example,,,

The secret of sustainable trend is not in volume but it is in CYCLES .
The more cycles nodes gang up,, the longer the trend and the longer the trend the more attraction of the volume,,, In another word,, cycle matching attracts volume in later stages of the trend and hence pushes the price up or down.

This is how trend starts and as it gets bigger it grows bigger and attracts volume.

Birth of a new trend does not need volume. *just a personal viewpoint.

Ankit

 

[uasish]

In Nifty Fut EoD ,as per Elliot Wave counts we are to see a bounce.

Plz be fully aware of the relevant levels,if it happens.

 

[sudoku1]

mkts divided into 3 phases.....greed ,hopes ,fear....

from 2001 top of 6k....to 2800.....
2800 to 6200 (year 2004)....fear from previos top of 2001
from 4500 (year 2004)to 12700.....HOPES
from 8900 to 15700.....(hopes to semi greed)
from 14k (aug 2007)to 21 k (GREED)

FROM 21K TO 12.5 k......hopes...
from 15.5 to 7.5 k......(fear)

 

[renu daga]

daily is showing nothing,,,

but weekly stochactics are showing pos divergence
and in candles we ahev long lower shadow....
the only 2 pos clause

renu
bounce till 3100..is the fst tgt.. a sper dada chart.. which is true,,, where all the crackers will phussssssssss!!!

earlier posted chart,,, in my thread,,, we are still holdng teh circle areas,,,
first 2600..and second around 2000..
between these levls i am still pos,,, but long lagging ttime,, but i think teh base wil stablish at 3000

 

[columbus]

mkts divided into 3 phases.....greed ,hopes ,fear....

from 2001 top of 6k....to 2800.....
2800 to 6200 (year 2004)....fear from previos top of 2001
from 4500 (year 2004)to 12700.....HOPES
from 8900 to 15700.....(hopes to semi greed)
from 14k (aug 2007)to 21 k (GREED)

FROM 21K TO 12.5 k......hopes...
from 15.5 to 7.5 k......(fear)

Your F(fear),H(hope),G(greed) concept is as simple as 1,2,3.

Since Expiry is over ,we can expect NIFTY to go in old ways.(downwards).

 

[orderflow13]

mkts divided into 3 phases.....greed ,hopes ,fear....

from 2001 top of 6k....to 2800.....
2800 to 6200 (year 2004)....fear from previos top of 2001
from 4500 (year 2004)to 12700.....HOPES
from 8900 to 15700.....(hopes to semi greed)
from 14k (aug 2007)to 21 k (GREED)


FROM 21K TO 12.5 k......hopes...
from 15.5 to 7.5 k......(fear)

very true ....heart of elliot waves