NIFTY 50 future TRENDS

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Global Correction has started and clarity has finally emerged. If one had read the market update posted by me on 29th July , I had clearly stated that neither Draghi nor Bernanke will make any difference to the underlying trend in the market. It is clearly evident from the reaction today. Euro is back to the levels seen before the spike last week and the same will be trading below 1.20 in a few days time. This clearly indicates the underlying confidence/trend in the market. This is a clear cut case of buy on rumour and sell on news. Now, with respect to the trading strategy, I recommend waiting for a pull back wherein one can enter short positions quite confidently. Some retracement from tomorrow's lows will be seen if not tomorrow then next week. If one was lucky enough in taking short positions at this weeks highs , then hold onto the same with Stoploss at spot 5260. As I've said earlier in my posts 5230 was the anticipated top and there was a small overshoot of that level. Now this acts a stiff resistance for the market. Thats it for now. Have a safe trading day tomorrow.

Spot levels to watch on the downside- 5195-5177-5165-5140
One of the best analysis :clapping:
 

prada

Well-Known Member
Thanks Rahul. I really care a damn to the criticism. Self belief and self judgement is much more important than wagging tongues. You have no control over wagging tongues and this tongue needs to check its own posts before criticizing. Coming to the markets. Global movement is quite disturbing to say the least. This should and this will end with alot of pain( I stress ) for investors. There is absolutely no reason for the rally we are seeing globally. Since our market is a step ahead in correction, there should be a very strong reaction next week. If it does take out 5350 , then there is no stopping till 5450, where nifty will pause. The movement in our markets will be completely dictated by global movement here on ( which I had clearly indicated in in my last weeks update ). I had also indicated that market might test 5280-5300 in the same post. That post will be worth looking at this moment. If the much elusive correction does begin globally , our market will be under tremendous pressure since the much ignored domestic scenario will come into play. Will find some time to analyse and post a weekly update during the week end. Happy week end fellow boarders.

Friend let me tell u prada is a seriously good analyst , his views are not public dependent. Even if u watch out for the day he told low wud be 5170 and retracement wud be upto 5220,just check out days highs and lows. I previously also said he is one to watch out for and he definitely belongs to the rare class called BIG MONEY. my :thumb: for prada
 
If's and but's either ..or all these kind of analysis are plenty ..
i have no enmity with any one ....and the same time i care damn about these prediction after all it's My money

when criticism hurts why the hell sudoku1 levels are so much made fun off

Finally before preaching ask your self whether the so called TA really works?..
every one have the liberty to express ones view ...
Those who claim them self as greatest analysis are either Big losers or they may not trade
Thank u all this is my final post in this regard
stop unwanted criticism...this is to prove there may be some one smart enough to point finger at u too..
 
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Rish

Well-Known Member
This is not a advertisement Forum, you will create wealth with others money, if you are sure for your calls, better you invest and trade.

TJ Members are smart, they know how to trade. No body wants your advisory.
 

murthyavr

Well-Known Member
@Returnwealth : Do note my thanks is for the USELESS POSTS::::
This thread was originally started by Sudoku.. so, he has a right to post what he
thinks is right.

There may be other good analysts, critics etc. They should not go to the extremes
of intimidating a person, who wanted to share his thoughts.

As was advised by many, you have a right to ignore this thread.. And you have
the facility to start your own thread and post your analyses and to gather your
own supporters.

Ridiculing other members is not a healthy sign - and it should be protested
wherever it occurs.
 
this thread has gone to dumps, sorry sudoku but your thread has been invaded & hijacked by many, instead of forming their own everyone dumps what they feels & 99% are just stuck to their mindset & commenting accordingly or just doing TP, goodbye to this thread from me, one of the very few interesting thread on TJ, whether suduko was right or wrong but was surely interesting... but now its a pain to go thru this thread...
 
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