NIFTY 50 future TRENDS-Part 2

[SEVEN STAR]

SPOT NIFTY AS PER EMA..FINAL RESTING PLACE AT 5600../5550..WATCH IT LOOKS LIKE NIFTY HEADING TO TEST EITHER OF THESE LOWER LEVELS..............SPOT 5820..HAVE TO BE CLEARED FOR THE BULLS TAKE CONTROL

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5440 SPOT GAP IS STILL OPEN..THAT IS 50% RETRACEMENT LEVEL

 

[SEVEN STAR]

Earlier trend reversal was on 21st Feb..it did went on to make lower levels Next one is On March 10th.......This one will be a aggressive one..the move will much faster than the earlier one..spot holds around 5600..expect strong big rally towards life time high..

 

[prabhsingh]

SevenStar,

What is the propability of Nifty spot to touch 5500/5600 levels before trend reversal takes place.Secondly is it advisable to go long if it manages to clear 5820 levels or Short can be inititated at 5820 levels.

 

[SEVEN STAR]

Testing 5600..is more probable before 10th March..that is what i meant...and traders don't go panic at that point..wait for market direction around 10th March look for the trend play your trade accordingly
Spot Nifty5820/5840 ..closing will set the trend on the upside side at any day........

 

[rajasree1]

SEVEN STAR JI
I have a doubt.
Will NIFTY start its journey before touching 5300 lvl ?
Will Nifty cross 5790 on closing basis?

 

[SEVEN STAR]

SEVEN STAR JI
I have a doubt.
Will NIFTY start its journey before touching 5300 lvl ?
Will Nifty cross 5790 on closing basis?
..........
The answer is at 5600 closing ............if spot holds this level upon any further adversity make sure will cross earlier high 6112.....
according to me mid of this year around June July will make life time high.......
as long 5600/5500 holds and 5820 have to be crossed ........

 

[Raghuveer]

NF Fib levels for Mon are same as on Fri as closing is same.

Fri close=5730.

Res: 5739 5753 5771 5790
Sup: 5721 5707 5689 5670

 

[Raghuveer]

NF fib levels for Tue (Mon close=5717):

Res: 5726 5740 5758 5777
Sup: 5708 5694 5676 5657

 

[Raghuveer]

NF Fib levels for Wed using Tue close=5803:

Res: 5812 5826 5844 5863
Sup: 5794 5780 5762 5743

 

[bigbullinside]

This rally can also be considered as a bounce back to retest the breakdown neck line of the H&S pattern which lies at 5800-5820. Let's see if the index manages to close above this level today.
Now with all this positive sentiment in the markets, Dow at lifetime highs, Europe rallying, if the index still doesn't manage to give a decisive close above this resistance zone, we can be sure that it will resume it's movement on the downside. And this time it will take out the 200EMA and fill the gap left at 5447-5526.