NIFTY 50 future TRENDS
- Thread starter sudoku1
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There is Nothing in lost weeks trade to give any Pivot Levels shall take the previous week levels to continue for coming week too
5,506.17-5,410.67-5,377.50-5,344.33-5,282.00
pivot-5,219.67
5,186.50-5,153.33-5,091.00-5,028.67-4,933.17
on the up side above 5378, 5440 to be watched
Down side this chart gives you Fibo retracement levels... TL sup. comes at 5250..
Have gr8 week end ..
5,506.17-5,410.67-5,377.50-5,344.33-5,282.00
pivot-5,219.67
5,186.50-5,153.33-5,091.00-5,028.67-4,933.17
on the up side above 5378, 5440 to be watched
Down side this chart gives you Fibo retracement levels... TL sup. comes at 5250..
Have gr8 week end ..
It is most obvious now. It was definitely shorting at higher levels by FIIS looking at the derivative statistics. Anyways good , I hold short positions at 5325. Nifty is set to test 5180 support level in the near term. If this support handle fails , then it is going to be a test of 5090-5150 level. Testing times ahead especially looking at the way EUR/USD is breaching one support level after another.
Re: NIFTY 50 future TRENDS
Looking at the nifty premium which has now dropped to 5-6 point range and also premium/discount considerable drop in many of the large cap stocks means only two things:
1. Shorting at higher levels
2. Profit booking
Let us see how the market plays. Next hour is crucial.
Re: NIFTY 50 future TRENDS
Looking at the nifty premium which has now dropped to 5-6 point range and also premium/discount considerable drop in many of the large cap stocks means only two things:
1. Shorting at higher levels
2. Profit booking
Let us see how the market plays. Next hour is crucial.
I suppose, that is not as easy as being thought.
I am sure many of us know about -
the analyst whose calls were only 10% right got a much bigger rise than the one whose calls were 70% right. Reason is that the fund was doing the opposite of the I analyst and were right 90% of the time!
the shrewd broker, with a business management degree, who took all the client's position himself and hoped to make a kill, and, his reasoning is that the clients always lose money, well most of the time, and, pay the broker.
In reality - Right for 10% of the time, does not mean the other 90% of the time gave whopping losses/returns, for the analyst or the fund, as the case maybe.
In the second case, the investors almost never book profits, when they are in. They book losses when they cant bear the pain anymore. The broker has not visualized the scene of the clients sitting pretty in profits (they dont book though), and he went bankrupt.
I am sure many of us know about -
the analyst whose calls were only 10% right got a much bigger rise than the one whose calls were 70% right. Reason is that the fund was doing the opposite of the I analyst and were right 90% of the time!
the shrewd broker, with a business management degree, who took all the client's position himself and hoped to make a kill, and, his reasoning is that the clients always lose money, well most of the time, and, pay the broker.
In reality - Right for 10% of the time, does not mean the other 90% of the time gave whopping losses/returns, for the analyst or the fund, as the case maybe.
In the second case, the investors almost never book profits, when they are in. They book losses when they cant bear the pain anymore. The broker has not visualized the scene of the clients sitting pretty in profits (they dont book though), and he went bankrupt.
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