NIFTY 50 future TRENDS-Part 2

[SEVEN STAR]

NF..Res..5968..5983..6003
Sup..5948..5931..5912
Weakness only Spot nifty breaches 5825 and close below it.

 

[SEVEN STAR]

Spot 5865 is immediate support and 5830 to give final support those who can take this risk till that level can keep their long positions or who are in short side to maintain 5980 SL.
Coming week 5980 and 5825 or the levels to be watched for trading positions...
Break out or down either levels stated above would give minimum 200 points..

 

[SEVEN STAR]

Selling pressure to continue at higher level.. the question is what is the higher level..?
no one knows it....some how Market is keep moving higher levels breaking TL barriers
I look at weekly volume it is not that good in accordance with move..it is less than 0.7 Billion in every week from the rising level of 5550 .. Nifty hit 5950 and completed 400 points run in 3 weeks....coincidently this level also double to Res..
There may not be sharp correction at least some 100 150 point down move expected any further push up.i look at 5825 and 5770 two levels for support ...

I already entered positional short will give spot 5990 and 6030 two levels to cut my losses in 2 part ..I do expect big swing of around 200 points by next few weeks..in daily chart lower indicators are giving signal for some possible corrections
CLOSE BELOW 5825 IS TREND REVERSAL

 

[SEVEN STAR]

keep sl at 5950 on closing for all short positions..
BREAK OUT OF THIS LEVEL COULD TAKE SPOT NIFTY TO 6125

AS LONG TRADES BELOW 5950 ........5825/5780.. LEVELS ARE POSSIBLE

SPOT 5873 IS THE MAIN SUPPORT LEVEL WATCH THIS..

 

[SEVEN STAR]

spot 5873 is the main support level watch this..

SPOT NIFTY LOW 5874..
BREAKS THIS NEXT..5838 SPOT..

 

[prabhsingh]

spot 5873 is the main support level watch this..

SPOT NIFTY LOW 5874..
BREAKS THIS NEXT..5838 SPOT..

Shall we wait close to 03:30 or can we take the position now as well as SPOT nifty is trading at 5870.

 

[SEVEN STAR]

Range 5,865.95 - 5,965.15
PERFECT 100 POINTS......GAME OVER FOR THE DAY
5873.. AND 5838 ARE 10 DAYS HIGH LOW RETRENCHMENT LEVELS..
BOOKED 50% SHORTS AND CARRYING BALANCE 50% OVERNIGHT...

 

[SEVEN STAR]

short psoitions keep sl. Today's high spot nifty 5965 ..and 5838 IS SUPPORT ON CLOSING.. Closing above today's high will lead to big move towards 6100+
My personal reading is Dec. 2012 will end in negative..( Start of the month ..
3-12-2012 spot closing was at 5871)
Nifty spot to close below this level 5871..!!

 

[SEVEN STAR]

today's range.5,874.25 - 5,924.60
50 points done... Intra day swing 40 points.. 2.times..

I think game is over...unless spot breaks 5874..

 

[SEVEN STAR]

tomorrow ..5828 spot to be tested.breaks 5874 .fail to cross 5911