NIFTY 50 future TRENDS

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Nifty weekly chart do give us the same level of 5075 TL Res. which i kept stressing upon
Jan. 2012 Weekly TL Break out was at 4900 after that Nifty went on to make high at 5600 700 points rally then .... This time around if at all the TL Break out have to happen will it surpass the previous high !! and go on to make new year high at 5770 which will make 1000 point rally from the low of 4770.
Next week Nifty manages to trade above 5100 and give close above 5280 and that is 100% confirmation of this rally till Diwali.... fingers crossed at least till Monday.
Have nice and great week end see you all on Monday.
 

saivenkat

Well-Known Member
Many time i wrote about FIBO retracement levels and 200 dma 5075
To me 5075 is very important Level.
Either we are topping out today or we are breaking out on the up side Monday will get the answer. Over all market is on stronger side.

I don't understand fully the retracment levels concepts.. but one thing..i am always pretty clear..market don't stand too long on 200 DMA.. When it is at the point of 200 DMA.. it tries to take off in any of the direction at a greater momentum..

If the momentum is with heavy volumes.. then the trend will continue at least for some days..

These are just my observation of market behaviour.. May be wrong completely with the way i decode it..
 

vinst

Well-Known Member
Nifty weekly chart do give us the same level of 5075 TL Res. which i kept stressing upon
Jan. 2012 Weekly TL Break out was at 4900 after that Nifty went on to make high at 5600 700 points rally then .... This time around if at all the TL Break out have to happen will it surpass the previous high !! and go on to make new year high at 5770 which will make 1000 point rally from the low of 4770.
Next week Nifty manages to trade above 5100 and give close above 5280 and that is 100% confirmation of this rally till Diwali.... fingers crossed at least till Monday.
Have nice and great week end see you all on Monday.
short term sto on weekly has just started going up, so trendline may be broken upwards.
 

4209211

Well-Known Member
buy LT for first tgt of 1361 then will see
buy TCS for tgt of 1297.5 then will see but with a strict closing stop of 1194.1 if closes below so sell and remain shot for 60 points tgt from selling point
A buy call was given on (CHETTIAND) Chettinad cement corp ltd @ 570 for tgt of 950-1050-1250 so again bot some @ 650 and 770 last close @ 854 will dipp till 800 or buy within 900 for tgt of 1050 sl of intraday 780 and closing 788 or below a pure fundamental call people can still buy for above given tgt apart form nf and bnf we can go long in above given stocks will update for nf and bnf lvls in some time
 
Nifty is getting in to Positive tertiary !! are we in for a big rally from now on?
So many levels are given here to me it has already bottomed at 4800
June will see rally
All that Euro problems will be sorted out or subsided for some time minimum target 5300 in June.
Did any one believe me? When people are talking about minimum lower target of 4400 Including top TV TA's. Still i maintain this target to be achieved hope some 50% agree with me now.
 
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