NIFTY 50 future TRENDS

[manoharpillai]

Tomorrow F&O expiry Day Today's close at 5141 and Low made at 5129 Breach of this level could lead to 5106-5093-5082.... High Made at 5160 break out of this level will take it to 5174-5190-5205 Tomorrows Pivot at 5143.. My expectation is 30/40 points up down range from today's close
Still Spot Nifty is out of raising wedge which got broken on 26th have to go above 5180/5190 and close till then the down targets are on ..5095 giving sup.

Starting of New series 5220/5270 not touched and 5090 fail to hold
expected minimum down side is 4930 .
Very soon 200/300 points move is on the cards
will post chart later ..

 

[sudoku1]

NF trend DOWN


tgt > 4999

NIFTY SPOT half hourly charts show a bearish head and shoulder pattern with the neckline at 5094 break of which will have a target of 4999.
4995-4980 are good support

 

[timepass]

Tomorrow F&O expiry Day Today's close at 5141 and Low made at 5129 Breach of this level could lead to 5106-5093-5082.... High Made at 5160 break out of this level will take it to 5174-5190-5205 Tomorrows Pivot at 5143.. My expectation is 30/40 points up down range from today's close
Still Spot Nifty is out of raising wedge which got broken on 26th have to go above 5180/5190 and close till then the down targets are on ..5095 giving sup.

Starting of New series 5220/5270 not touched and 5090 fail to hold
expected minimum down side is 4930 .
Very soon 200/300 points move is on the cards
will post chart later ..

I expect 5200 to be retested this week.

 

[kiranjakka]

I expect 5200 to be retested this week.

SANJU VARMA analyst tv18 sensex target of 19500 by september this year that is nearly 800 pts per month and 22000 by december

 

[timepass]

SANJU VARMA analyst tv18 sensex target of 19500 by september this year that is nearly 800 pts per month and 22000 by december

Maybe. My observation is because of the strength displayed by the bulls. All dips are bought into. All bad news is absorbed and then it moves up. Somebody is interested in keeping it up, despite the rupee weakness and bad data. This is happening the world over. I don't think this tendency is likely to change in next two days.

 

[kiranjakka]

Maybe. My observation is because of the strength displayed by the bulls. All dips are bought into. All bad news is absorbed and then it moves up. Somebody is interested in keeping it up, despite the rupee weakness and bad data. This is happening the world over. I don't think this tendency is likely to change in next two days.

yes you are right and if your observation is right may be 5200 will be taken out tomorrow because bulls will never get a good opportunity other than a expiry day and will make a lot of money with pennies . even dowjones and europe are strong in today's trade and while put options loosing 20-30 percent and call options trading with premium even the time decay factor not affecting call options are surprising enough to prove that nifty will ultimately move up i feel tomorrow we will find our answers ultimately :thumb:

 

[timepass]

NIFTY SPOT half hourly charts show a bearish head and shoulder pattern with the neckline at 5094 break of which will have a target of 4999.
4995-4980 are good support

Maybe. Or maybe we have a reverse situation if it rises above 5200.

Or maybe there is a cup and handle (see the RHS).

 

[kiranjakka]

Maybe. Or maybe we have a reverse situation if it rises above 5200.

Or maybe there is a cup and handle (see the RHS).


nifty just have to move 1.1 percent and stay above it and we will find the answers very soon and i feel tomorrow is the keymost of the european markets are up by 1.5 percent nearly .

 

[timepass]

nifty just have to move 1.1 percent and stay above it and we will find the answers very soon and i feel tomorrow is the keymost of the european markets are up by 1.5 percent nearly .[/QUOTE]Today Europe is up, tomorrow is another story Euro is already getting the jitters ahead of that meeting.

 

[kiranjakka]

nifty just have to move 1.1 percent and stay above it and we will find the answers very soon and i feel tomorrow is the keymost of the european markets are up by 1.5 percent nearly .

Today Europe is up, tomorrow is another story Euro is already getting the jitters ahead of that meeting.[/QUOTE]

after presidential elections PM office is looking after diesel price hikes and traders expecting rupee to crawl back to 53-54 areas which will be huge positive on the way of reforms as well as rupee factor so should watch out that area too. diesel price hikes expected to be by 3rd week the only negative i feel will be monsoon though :thumb: