NIFTY 50 future TRENDS

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Ravi that was just a formal comment on to your query
i am really bad at predicting longer term
remember when market hit 6300 everything related to stock market was pretty bad still we hit that high,
some one said market never discounts on logic
 
5108 holds my targets are 5128/5140/5152
5140 hit I was expecting market to go down after breaking 5108 that did not happen Nifty Moved in 25/30 points range.
This kind of trading pattern invariably happens in most of the months 2nd to 3rd week, sideways market eat up all out of money Put/Call options and difficult to trade.
Expectation of Index big move during this period of every month to be avoided. Play for 20/30 points intra Day.
 
Ravi that was just a formal comment on to your query
i am really bad at predicting longer term
remember when market hit 6300 everything related to stock market was pretty bad still we hit that high,
some one said market never discounts on logic
I think the signs were clear at that time... The rally in stocks of all markets started on Monday when all the European Banks passed the so-called 'Stress Tests' on Friday & QE2 was on the anvil... :)
 
I think the signs were clear at that time... The rally in stocks of all markets started on Monday when all the European Banks passed the so-called 'Stress Tests' on Friday & QE2 was on the anvil... :)
That was obvious market over stretched from Aug.2010 till Nov. (5300 to 6300) so called fair valuation of any market is difficult call.
 
Though Falling wedge break out happened on 11th June still Market (Nifty)struggling to move up beyond 5180 TL support at around 5050. No sign of either break down or strong break out..... waiting game is going on,... happy making 25/30 points a day and no carry forward positions.
range of 5050/5150 to shed for any meaning full move..
 
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