NIFTY 50 future TRENDS-Part 2

[Bewinner]

baas...DMK pulls out and so nifty shorts started

 

[SEVEN STAR]

5900 put at 81 looks good.........i am not an option trader..just looked at oi..data

173.........high

 

[pranay1986]

SevenStar,

Would you add new shorts if the Spot EOD closing is below 5775-5780?..

Regards,
Pranay

 

[SEVEN STAR]

sevenstar,

would you add new shorts if the spot eod closing is below 5775-5780?..

Regards,
pranay

100%.......without any doubt....earlier given lower levels are target..move my sl to 5870 spot on closing..

 

[SEVEN STAR]

90% perfect..the left out 10% are.......this is one year daily chart base made around 4800 time Month of June..5800 levels achieved in time frame of about 4months that is Oct...from then on 300 points consolidation more than 6 months ...price fails to move above even 6000 at most of this period..conclusion more probable retracements than breaking 6000..in that scenario 38.2..at 5590..and 50% at 5440..(exactly gap left open area)huge volume recorded on 28th feb final day of series
Prabhsingh......thank you for your valuable time spent in giving your views...........

spot close below 5780....5590...5440 are the targets..........

 

[pranay1986]

spot close below 5780....5590...5440 are the targets..........

SevenStar,

Positions are rocking... holding one put of 5800 April series :clap:

 

[nazimrushda]

NF Fib levels for Tue (Mon close=5851):

Res: 5860 5874 5892 5911 5949 6009
Sup: 5842 5828 5810 5791 5753 5693

Why there is so much diff in supp 5 & 6

 

[SEVEN STAR]

sevenstar,

would you add new shorts if the spot eod closing is below 5775-5780?..

Regards,
pranay

friends i will never have second thought trading levels given by me i respect my sl.....that is most value to me..rest my ta takes care...

 

[Raghuveer]

Why there is so much diff in supp 5 & 6

5 & 6 are NF values for fib ratios 4.250 & 6.850. Due to NR7 and RBI announcements thought we might need 5 & 6 also.
Please go through previous posts by Seven Star to understand more.

 

[Raghuveer]

NF Fib levels for Wed (Tue close=5752):

Res: 5761 5775 5793 5812
Sup: 5743 5729 5711 5692