Incisive Nifty Trend Analysis

[prada]

It would be wise to stay a little cautious. There is a strong possibility of a lower top/double top being formed. US markets are at the point of a potential trend reversal. SP500 and dow jones are both at the risk of breaking down from the lower channel which has supported since july. Nasdaq has already broken down. All other markets will follow suit. I have revised my Nifty target lower now.

As our Dear friend Stock trendy said we have 300 points to be made. I agree, market can move 300 points on either side from here. We are at a critical juncture and 5750 would be the pivot for the same. Looking at the global setup, I would bet my money on 300 points on the downside with a revised stop of 5760(spot).

 

[a1b1trader]

a1b1trader The Technical Analysis are Not done by me i guess you miss took it.
it was by..Vivek Patil I just copied and posted from a website it.

Yes I know that but to understand that article is not a layman job.

 

[SexyTrader]

Nifty spot will touch 5850 or atleast 5820 soon :thumb: Maybe even today?

 

[Stock trendy]

Yes I know that but to understand that article is not a layman job.

Dear friend i did mentioned this ..I made very less out of this what i said is i am not a TA .. and less knowledge in reading chart i hope you understand what i said n let us leave it there and carry on with Market.
5705 was yesterday's break out point ... and today it is resting there...let us see what happen next.. Holding my longs.. with SL at 5660 spot price. (if i exit at 5660 too will be in profit) :thumb:

 

[Arsh]

Infosys outlook disappoints again; profit rises 24 pct, Infosys shares pare losses after clarifying FY13 rev growth f'cast excludes Lodestone... however has recovered decently now!

August industrial output +2.7 pct y/y govt
Sensex reacting after IIP data, up around 40 points now

http://in.reuters.com/finance/markets/companyOutlooksNews

 

[The Monk.]

IIP no,s positive, but markets fail to move ahead, proves abundant sellers at higher levels.

 

[Stock trendy]

will watch yesterday's high to be crossed 5750 moving my sl to nf..at 5700.
Nf..breakout of 5750 expect 5800+ today.

 

[Bewinner]

Nifty still not able to cross yesterdays close.....

 

[Bewinner]

and uff I forgot to mention that raise in sl to 5700 is a good step who are long in NF

 

[Stock trendy]

will watch yesterday's high to be crossed 5750 moving my sl to nf..at 5700.
Nf..breakout of 5750 expect 5800+ today.

all long position closed