NIFTY 50 future TRENDS-Part 2

[Bewinner]

as per trading ethics we have to respect levels..
Still chances of bounce back...let us see where market ends..

Waiting patiently...to respect your level

 

[SEVEN STAR]

Waiting patiently...to respect your level

Today's Closing gives an indication of a bigger fall...towards 5300...i would give still a day to see how market reacts tomorrow ...2 consecutive day close below 5600..is almost certain to hit 5300........

 

[Raghuveer]

April NF Fib levels for Fri (Thu close=5593):
Res: 5602 5616 5634 5653
Sup: 5584 5570 5552 5533

 

[SEVEN STAR]

the rally started of 4770...and ended at 6110..retracement levels broke 5800..possible support at 5500..i doubt it can hold if trades below 5600..
GAP LEFT AROUND 5650 .IF ANY RALLY THAT COULD BE RESISTANCE

image hosting free

 

[SEVEN STAR]

WEEKLY JUST AT TRIPLE BOTTOM SUPPORT FALLING WEDGE SUPPORT AROUND 5480..RES.5830.......
SPOT RES...AT 5610..5660..5720
SUP..5530.....5470......5410

upload foto

 

[timepass]

WEEKLY JUST AT TRIPLE BOTTOM SUPPORT FALLING WEDGE SUPPORT AROUND 5480..RES.5830.......
SPOT RES...AT 5610..5660..5720
SUP..5530.....5470......5410

Yesterday, SGX Nifty made a low of 5480.

http://www.sgxniftylive.co.in/

 

[Bewinner]

Yesterday, SGX Nifty made a low of 5480.

But I think Seven Star was talking about spot level

 

[SEVEN STAR]

Spot nifty if any move up holding level of low 5535..watch for..5670.res.. will hold my view target 5350 is on below 5600...till 5750 is crossed
LOOK FOR SELLING AT EVERY OPPORTUNITY
SOME PULL BACK SURELY EXPECTED..WATCH OUT FOR LEVELS..

windows 7 screen shot

 

[SEVEN STAR]

WEEKLY JUST AT TRIPLE BOTTOM SUPPORT FALLING WEDGE SUPPORT AROUND 5480..RES.5830.......
SPOT RES...AT 5610..5660..5720
SUP..5530.....5470......5410

In line with my TA...posting Businessline view on Nifty published today



Nifty (5,553.2)

The Nifty hit the high of 5,754 before reversing lower last week. As explained earlier, the downward targets of the current move from 6,112 peak are 5,693, 5,522 and 5,350. If we break down the wave count further, we arrive at the targets of 5,527, 5,388 and 5,162.

Note the recurrence of 5,520 levels in both the counts. The index almost reached this level on Friday. We therefore need to exercise a little bit of caution with short positions.

But if Monday opens on a weak note, it will mean that the index is headed for 5,450 that is the 50 per cent retracement of the move from 4,770 low. Since the target of the minor count occurs at 5,388, investors need to watch their backs in the zone between 5,400 and 5,450 next.

Short term resistances would be at 5,670 and 5,754. Short positions need to be closed on move above 5,670. Medium-term trend will turn positive only on close above 5,750.

 

[Raghuveer]

April NF Fib levels for Mon (Fri close=5572):
Res: 5581 5595 5613 5632
Sup: 5563 5549 5531 5512