NIFTY 50 future TRENDS

[timepass]

A poor followup to Friday's bullish candle.In fact the doji formed makes the pull back bull in me nervous about the upmove continuing.

that doji wasn't followed up today. In fact today's candle was a sort of engulfing bull and today's high was above previous 2 days' highs and the close above previous two days' close.

 

[manoharpillai]

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.

As per EOD Spot trades above 5303 Possible targets are 5344/5378 short term TL sup. comes at 5200 To me Nifty is likely to test higher levels before any fall...Watch( sensex )17480 closing above next is 17840/18300
I don't think it could have been easy for intraday Traders these 2 trading Days it was so much on narrow range.. as usual there are regular winners Too Good Luck..
closed all my positions

 

[Sultaan]

Harmonic Bat

Accuracy of the Bat Pattern

Shouldn't pt.c be higher than pt.a

 

[manoharpillai]

Spot Nifty Intra Day Levels
5308.11 5326.34 5344.59 5362.88 5381.20
5292
5274
5258.88 5240.76 5222.67 5204.62 5186.59

 

[manoharpillai]

One more Flat Trading day..!! Spot 5314 RES. 15/20 points range on the down side 5288 Sup.
US Market closed Nothing much to expect from there Europe too expected to be flat slightly -Ve
Market does opposite what many expect... Fallow the Technical Trend..

 

[manoharpillai]

Today's Pivot Levels. SPOT NIFTY
5,341.33-5,328.00-5,314.67-5,302.50
Pivot-5,290.33
5,277.00-5,263.67-5,251.50-5,239.33

 

[trdstudent]

One more Flat Trading day..!! Spot 5314 RES. 15/20 points range on the down side 5288 Sup.
US Market closed Nothing much to expect from there Europe too expected to be flat slightly -Ve
Market does opposite what many expect... Fallow the Technical Trend..

GDmrning Mano ji and everyone . Shorted with 5315/20 as SL .All spot.




And one more thing is ... i have 2lots 5300 CE at 89 ystrday EOD


Ext CEs at 95.holding the shorts entrd at 5319 NF.

 

[RAAMAKANT]

 

[manoharpillai]

3rd consecutive Day Nifty struggle to get through 5300 level expecting slight weakness shorted with SL 5328 spot. (One Mini Nifty Only)

 

[josh1]

:fatigue::fatigue::fatigue: