NIFTY 50 future TRENDS-Part 2

SEVEN STAR

Well-Known Member
7 star, do you have any positional levels in mind?
honest view ...nifty virtually hard to trade nearly 8 to 10 months

had given chance to trade 3 to 5 days in a month.........and that is very difficult to identify..

Dec.......2012..total range was just 140 point..can you imagine
market having total turnover of 1lack cr..+ in a day can trade in 3% range for full one month..........
only option writers made bulk of money

watching 6030 spot......my expectation is market may test some lower levels ..support...5960...5910..5880
below 5860 trend can be reversed to bearish..for shorter term
Today 5 hrs. trading just 15 point range..
 

SEVEN STAR

Well-Known Member
MAX..possible..NF. high can be 6130 spot 6080
i expect market to reverse strongly at this levels

from the bottom of 4770...6070 = 1300 points if it to retrace 50%..650 points down..
approximately..5500...no wonder the extension of this Bull run beyond 6080 can be 6280
that will make it full 1500 points rally from the bottom..........
I keenly watch reversal.....before 6080
break down point at.......5850 ..spot
Jan..Quty. ..results will set the trend
 

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