NIFTY 50 future TRENDS

[intellibitz]

I drew some straight lines below friday low using chartnexus to test my line drawing skills

 

[manoharpillai]

Good one i guess it might have looked little more cute had you drawn one more line on top
connecting the peek at 5230 and the gap left .... we can give a chance to fill the gap before any fall ....

 

[ajshare108]

I drew some straight lines below friday low using chartnexus to test my line drawing skills

:clapping:

 

[4xpipcounter]

Here's this week's S&R's. I think it will be corrective this week:

Nifty NSE 5189 5033 4940 4753 4660 -4503

 

[brightstar]

Current Nifty spot level 4846 at EOD 19.08.2011

Nifty has taken support at 200 Weekly MA of 4836. It seems to be unlikely it will fall below dis level at d moment. But in case if it falls, the fall will be deep and painful all d way till 4720 and next possible target is 4442-4300. I believe Nifty will test resistance of 5200 before the next fall.

I suggest buying Nifty at present level of 4846 for 5100-5200 with SL of 4820.
Sell Nifty below 4800 for 4720-4667 SL of 4840.

Happy trading

 

[manoharpillai]

Current Nifty spot level 4846 at EOD 19.08.2011

Nifty has taken support at 200 Weekly MA of 4836. It seems to be unlikely it will fall below dis level at d moment. But in case if it falls, the fall will be deep and painful all d way till 4720 and next possible target is 4442-4300. I believe Nifty will test resistance of 5200 before the next fall.

I suggest buying Nifty at present level of 4846 for 5100-5200 with SL of 4820.
Sell Nifty below 4800 for 4720-4667 SL of 4840.

Happy trading

I do think will go up before any fall and my levels are 4920-5050-5120-5230
any close below 4780 ends the hope for any short covering rally

 

[manoharpillai]

Spot Nifty made high at 4910 today...

 

[4xpipcounter]

Hi Mano. I think most of us will agree Nifty is in a corrective stage. For the time being, I think 5000 is a key level. It is the TL drawn from the 4-hour. I think it will be broken, and then we get a move to the kijun at 5136. Afterward, I'm looking for some consolidation, then a rise higher. I've been holding fast to a corrective rise to 5230.

Spot Nifty made high at 4910 today...

 

[Sultaan]

Hi Mano. I think most of us will agree Nifty is in a corrective stage. For the time being, I think 5000 is a key level. It is the TL drawn from the 4-hour. I think it will be broken, and then we get a move to the kijun at 5136. Afterward, I'm looking for some consolidation, then a rise higher. I've been holding fast to a corrective rise to 5230.

Latest news... traders holding fast for nifty to move in their favor. :rofl:

 

[4xpipcounter]

Gotcha fooled. I don't trade Nifty--lol.

Stay tuned away.

Latest news... traders holding fast for nifty to move in their favor. :rofl: