NIFTY 50 future TRENDS

[manoharpillai]

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..

Sai this is useful link to learn about Fibo retracement level,
if you are interested please go through.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen

This chart show FIBO retracement levels calculated from the recent peek and Low.
Just see the Pink arrow mark ... yesterday when Nifty fell from just at 50% retracement level (5013 FUT.)had taken support exactly at 38.2% which was at4962.
This is one of Technical instrument used for predicting higher or lower levels where market possibly get to.

Price will not stick to any DMA What have to be understood is at what level price find support or Res. in other words Identifying at what level supply/demand dries out or emerges. A chart posted earlier shows 200 DMA had defended price at 3 occasions eventually broken down at 5120 and pushed the price down to 4770.
Now 200 and 50 DMA are at closer range either 50 DMA cross down at around 4900 level and that surely a start of a bear market... or Price have to shoot up higher even from this level thus to move 50 DMA further up to prevent any further bearishness
At any day 50 MA cross down below 200 MA Nifty could easily head to very lower levels.

 

[rishikesh_m]

This chart show FIBO retracement levels calculated from the recent peek and Low.
Just see the Pink arrow mark ... yesterday when Nifty fell from just at 50% retracement level (5013 FUT.)had taken support exactly at 38.2% which was at4962.
This is one of Technical instrument used for predicting higher or lower levels where market possibly get to.

Manohar sir,

Can you elaborate further on this post of yours, market fell from 50% to 38.2% and bounced from there, which can be taken as a bullish signal, but is there more one can read in this movement ?

Does the price then resist @ 61.8% or does it indicate a quick break of the next resistance level.

 

[manoharpillai]

Manohar sir,

Can you elaborate further on this post of yours, market fell from 50% to 38.2% and bounced from there, which can be taken as a bullish signal, but is there more one can read in this movement ?

Does the price then resist @ 61.8% or does it indicate a quick break of the next resistance level.

Possible once it takes out 5103 then go to next peek which is at 5630 and low 4770 find out retracement levels to this values.
Upper Value 5630
61.8% Retracement Level 5301.48
50.0% Retracement Level 5200
38.2% Retracement Level 5098.52
23.6% Retracement Level 4972.96
Lower Value 4770
Monday if spot Nifty hits 5103 and Fail to move above and close (daily chart) below are the values to watch for support.
Upper Value 5103
61.8% Retracement Level 4975.794
50.0% Retracement Level 4936.5
38.2% Retracement Level 4897.206
23.6% Retracement Level 4848.588
Lower Value 4770
Besides FIBO there are few more Technical aspects to be taken in to consideration to conclude.

 

[Rish]

Nifty - As Such Trend is UP

Levels 5223.20 / 5357.75 / 5621.74 and 5785.05

One Important Note :

Nifty reversed with out completing (validating) the level of 4677.54. Meaning is new high is ruled-out and next fall may be steap fall. I may be wrong, but, this is History, History Repeats.

Let us see.

As such nifty up trend, :clap::clap: "CHEERS" :clap::clap:

Image :

http://i.imgur.com/yf9YD.png?1

 

[essem]

VIX shows that OTM/ATM Calls writing started with Low volume. in such case market will force traders to go long for their benefit of call writing
let us see.

 

[anup0212]

VIX shows that OTM/ATM Calls writing started with Low volume. in such case market will force traders to go long for their benefit of call writing
let us see.

agreed and giving them opputunity to close their short and go long ...andthis is the time ...

 

[manoharpillai]

agreed and giving them opputunity to close their short and go long ...andthis is the time ...

Or is it time to go short...?

 

[timepass]

Or is it time to go short...?

It looks like the first breakout will come on the upside today. There is no weakness so far, just flat. Let's see.

 

[4209211]

It looks like the first breakout will come on the upside today. There is no weakness so far, just flat. Let's see.

hello every one

as per time : price theory of astrology i trade we are in a full fleged bull dominated time in some 15-20 min we r going to see a big spike sell nifty around 5140-5160 max 5178 shot sell for tgt of 4950 in 4-5 days the sl will be closing basis 5198-5204

 

[anup0212]

Or is it time to go short...?

hello manohar ji, I think manoj is right we need to watch 5175 level and we may touch it in nf fut ...there some short will intiate right now ..we are in bull phase...