NIFTY 50 future TRENDS

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Rish

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Enclosed herewith Nifty Chart

If nifty closes below 5837 on closing basis, target 5719, anything closes above 5890 closing basis nifty target 6049, again s/l is 5836 on closing basis.
 

sudoku1

Well-Known Member
Hi Sudoku1,
Will IIP DATA accelerate the downtrend in the market?
d iip DATA is just an xcuse....mkts will always take their course where d hav decided & not wat d news decides....in other words wat v hear 2day may already b priced in d trend.

now coming back 2 ur query....v r in a downtrend frm nov 2010 highs...d rapid fire rise which seemed as a come back for bulls was a mere pullback or a sideways mov which i hav been maintaining here.....downtrend will acelerate wen dis SIDEWAYS muv again turns DOWN....which of 2day eod has not changed.:)
 
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