NIFTY 50 future TRENDS

[manoharpillai]

Taking positional short with SL5310 spot on closing basis

5180 give sup. to Nifty.... will watch 5220
5310/5340 Res. area

 

[manoharpillai]

Nifty (5,278.9)

This index too rallied strongly on Friday, conclusively breaching resistance at 5,150. Short-term trend is up for the index since its early June low at 4,770. But it is facing key resistance at 5,300 which short-term traders should look out for. Strong upward breach of this level will lift the index higher to 5,406. Subsequent key resistance is in the zone between 5,464 and 5,500. As long as the index trades above 5,030, traders can continue to buy in declines. However, a fall below 5,030 will mar the short-term uptrend. Next key supports are at 4,980 and 4,930.

Near-term supports to watch out are at 5,191, 5,150 and 5,050.
thehindubusinessline
http://www.thehindubusinessline.com.../article3588993.ece?homepage=true&ref=wl_home

 

[rajasree1]

Manohar Sir,
My approach for monday (02/07/12) is as below.
Pl guide if I am wrong.
Thanks.

 

[manoharpillai]

Manoji can we see breaching of new all time High this year? Or is there any possibility that we may go below 4500 this year

MEDIUM/LONGER TERM VIEW ON SPOT NIFTY
Steady up trend from 4770 from 6th June had given 500 Points till now,
this trend continued and breach 5380 /5420 sustrains above 5380 75% chances of making New high around Diwali are bright..
If one more consolidation to take place we may see first Nifty hitting 5420/5450 and consolidate 150/200 points between 5200/5450 through month of July till end of result session... all this Postive move to happen spot Nifty should not break this 2 level 5090/4990 at any cost if that happens we may see strong down move up to 4300... one would have heard many times this level when ever market makes strong down move, 4300/4200 is 50% retracement value of 6300-2200 .. 4300 STILL OPEN UN TILL MONTHLY CLOSE ABOVE 5450
CONCLUSION
Positional traders start accumulate Index stocks or Mini Nifty with SL said earlier.
LIFE TIME NIFTY CHART WITH FIBO RETRACEMENT VALUE

 

[manoharpillai]

TL SUPPORT 4890 RES.5420
BREAKING 4890 NEXT TL SUP. AT 4600/4200

 

[manoharpillai]

Manohar Sir,
My approach for monday (02/07/12) is as below.
Pl guide if I am wrong.
Thanks.
MONDAY 5308/5326 Two Res. point i am already holding my short position expecting intra day dip to 5258/5241 level will be buying at that level with SL-5205 if market gives a chance ...
Nifty proceed with this trend sustains 5308 most part of the day hedge my position by buying 5400 CE.. sl 5280
I am not available on Monday

 

[4209211]

Good morning every one

 

[trdstudent]

GDmrning everyone . Whr r u guys ?

trd, on what basis you decide the tomorrows trend ? made a loss of 327 Rs by shorting nifty.

hames ji i was expecting li'l crrction, around 5250 spot and that was the reason for my PEs.Baki to alrdy dscsd here with charts

 

[timepass]

Nifty doesn't seem to be in a mood to go down.. whatever crude or the dollar may say.

 

[timepass]

What happened to the rupee suddenly ?? RBI fingering ??