NIFTY 50 future TRENDS-Part 2

Nice one........

only thing there might be a pulldown before the next rally...don't expect the rally to continue much if it is able to break 5950 first and next 6125.... if not there should be a correction till 5650 and if it breaks then till 5450...

Lets see what the future holds.
 

SEVEN STAR

Well-Known Member
Nifty weekly chart.. Res. at 5944 which is double top made on 4th Apl. 2011
Tomorrow any gap up..to start the day above this level and close above this level is big positive..

TL.. res. 6280.. weekly close below 5780 or 5690 is trend reversal..
till that happens look for higher levels..
RSI is close to it's higher band watch it...Volume also low
 
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trdstudent

Well-Known Member
Nifty weekly chart.. Res. at 5944 which is double top made on 4th Apl. 2011
Tomorrow any gap up..to start the day above this level and close above this level is big positive..

TL.. res. 6280.. weekly close below 5780 or 5690 is trend reversal..
till that happens look for higher levels..
RSI is close to it's higher band watch it...Volume also low
Hi , am looking for 5800 spot and before that something around 5836. If holds then we can see something like 5944. Am i reading it wright?
 

SEVEN STAR

Well-Known Member
Fibo retracement levels from high of 5927 to 5561 low made on21.11.12

23.6 %..5839...(which is today's Low)
38.2 %..5787
50..%....5744

Trade with caution market can pull either direction erratically..
Use intra day Fut.. levels...given above...
 

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