NIFTY 50 future TRENDS-Part 2


It could be wrong.Expected time Feb.2013.
Manohar Sir Pl correct me if I am wrong.
"assimilator" and "seven star" thanks a lot but I think it is wrong on my part to discuss abt market with 10-20% knowledge of trading.
So I am trying to learn the following steps with confidence :
1. Lvls calculation.
2. E Wave.
3. Trend Lines.
4. Fibo
5. Price Action
6. Ichi (Most Important according to Experts)
7. confluence of abv
Thanks.
 

a1b1trader

Well-Known Member

SEVEN STAR

Well-Known Member
Strong burst on final day of the week..to 5720 (150 +points push in a day) is the result of 500 points calculated from the lows of 5220 (6th sep.).. we may call them operators give any name to them but the fact of the mater is that the market is well controlled by these big wings non stop rally in few days are done with for now..Those who wanted that 500 points happily gone home with huge profits.. few days back when market was in tight range some one was asking how is it possible to control the market with in just 10..15 points range hours together..it is big mystery.
in my view market may go in to sideways next week some 30 50 points up or down move is possible..
 

SEVEN STAR

Well-Known Member
Dear Sir,
please tel me the next resistance and support points.

thanx & reards,
Subrat
I thnik this question is addressed to me..
sup. for spot nifty..Fibo levels..23.6%.5620..38.2%.5560 and 50% 5510 10 MA also at 5501 so his should be final support if at all any pull back..
Resistance..5740 high made on 8.7.2011 a year before that level to be double top for now then next peek comes at 5908 that was recorded on 6th Apl. 2011 will watch both these levels on higher side.


Weekly Pivot levels

5705..5762..5798..
Pivot..5648..
5613..5577..5520

For Monday Daily pivot levels
5604..5633..Pivot.5662..5705..5749
 

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