NIFTY 50 future TRENDS-Part 2

[SEVEN STAR]

NF..Trades below 5856..expect lower targets ..5832...5790
Broken...38.2 level..heading towards 50% retracement..

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FALLOW UP..IT DID TESTED AND BROKE 50% ..NOW THIS LEVEL BECOME RESISTANCE WATCH FINAL AND DEAD END SUPPORT 61.8..AROUND 5720
ONLY CONSOLATION IS RSI IS AT LOW

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5820/5840 NF..IS THE LEVELS FOR BULLS TO TAKE HOLD TILL THEN
BEARS ARE IN FULL CONTROL

 

[trdstudent]

5820/5840 NF..IS THE LEVELS FOR BULLS TO TAKE HOLD TILL THEN BEARS ARE IN FULL CONTROL[/B]

SS just one question - since today is 27th feb can we consider march NF as the one to look for direction and if yes then it is 5820+ and therefore tilted towards bulls ... right?

 

[Raghuveer]

For those who can handle budget+expiry and can make Fib levels work for them tomorrow.....

NF Fib levels for Thu 28 Feb (Wed close=5798).
The last two columns are for Fib ratios 4.25, 6.85.

Res: 5807 5821 5839 5858 5896 5956
Sup: 5789 5775 5757 5738 5700 5640

 

[SEVEN STAR]

Date Open High Low Close
27-Feb-2013 5781.15 5817.45 5748.80 5797.90 5797.90
26-Feb-2013 5832.60 5838.00 5755.25 5767.00 5767.00
25-Feb-2013 5868.75 5899.00 5822.00 5857.80 5857.80
22-Feb-2013 5825.55 5883.25 5825.00 5853.95 5853.95
21-Feb-2013 5929.00 5939.00 5846.60 5853.45 5853.45
20-Feb-2013 5970.25 5974.40 5948.10 5963.85 5963.85
19-Feb-2013 5906.50 5961.00 5888.20 5953.40 5953.40
18-Feb-2013 5895.00 5921.25 5884.15 5904.60 5904.60
15-Feb-2013 5889.70 5909.00 5858.65 5892.65 5892.65
14-Feb-2013 5941.90 5950.20 5889.05 5900.20 5900.20
13-Feb-2013 5948.00 5979.25 5926.65 5936.55 5936.55
12-Feb-2013 5911.55 5947.25 5903.00 5941.40 5941.40
11-Feb-2013 5915.00 5937.00 5905.00 5921.35 5921.35
08-Feb-2013 5960.00 5973.45 5900.00 5921.80 5921.80
07-Feb-2013 5955.00 5992.45 5940.10 5961.10 5961.10
06-Feb-2013 5988.25 5993.65 5966.20 5972.90 5972.90
05-Feb-2013 5969.80 5993.10 5964.25 5974.45 5974.45
04-Feb-2013 6050.00 6063.75 5990.30 5996.30 5996.30
01-Feb-2013 6068.95 6078.00 6026.60 6036.10 6036.10
Full feb.month nf..levels..ref my earlier post i gave Fibo nf calculation based on First 3 days of high low..(6078..5990)the high 6078 never crossed and tested..-2.618..5760.. ..........net 300 + Points.......
http://www.mypivots.com/investment-calculators/fibonacci-calculator...

 

[Raghuveer]

NF Fib levels for today using open=5840.
The last two columns are for Fib ratios 4.25, 6.85.

Res: 5849 5863 5881 5900 5938 5998
Sup: 5831 5817 5799 5780 5742 5682

For those who can handle budget+expiry and can make Fib levels work for them tomorrow.....

NF Fib levels for Thu 28 Feb (Wed close=5798).
The last two columns are for Fib ratios 4.25, 6.85.

Res: 5807 5821 5839 5858 5896 5956
Sup: 5789 5775 5757 5738 5700 5640

 

[SEVEN STAR]

FALLOW UP..IT DID TESTED AND BROKE 50% ..NOW THIS LEVEL BECOME RESISTANCE WATCH FINAL AND DEAD END SUPPORT 61.8..AROUND 5720
ONLY CONSOLATION IS RSI IS AT LOW

5820/5840 NF..IS THE LEVELS FOR BULLS TO TAKE HOLD TILL THEN
BEARS ARE IN FULL CONTROL

Today's high 5842.........BEARS HAD THEIR DAY.......

 

[rajasree1]

My lvls

 

[Raghuveer]

@Seniors:
Due to change in series are these Fib levels correct for today?

Thu 28 Feb close=5729 for NF-28MAR2013.

Res: 5738 5752 5770 5789
Sup: 5720 5706 5688 5669

 

[prabhsingh]

Raghuveer,

Just a quick question.Will that be correct to say in Fib Calculator, which SevenStar has provided, you will keep High = Last close of day and Low = Last Close of day+23.Is this correct?

 

[Raghuveer]

Raghuveer,

Just a quick question.Will that be correct to say in Fib Calculator, which SevenStar has provided, you will keep High = Last close of day and Low = Last Close of day+23.Is this correct?

As per SevenStar
If there no gap of 20 or more today:
Low in Fib calc=close of prev day.
High in Fib calc=close of prev day+23.

If todays gap (up or down) is more than 20:
Low in Fib calc=open of today.
High in Fib calc=open of today+23.