NIFTY 50 future TRENDS

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On 24.08.2011, Nifty Spot faced resistance at 4965 and fell down. Important support is at 4860-4845, below which Nifty may test its previous low of 4800 and may test lower levels till 4712.

If it moves upwards, Nifty has resistances at 4913-4945-4965, above 4965 it may shoot upto 5065-5118.

SL for Longs 4845
SL for shorts 4932
 
DO any one notice DOW likely to make double bottom at 10640 .... i am closely watching it if this level get breaks down then all the world market is in for big sell off my next level for DOW is 10020 and 9670 ....!!
This daily chart of DOW gives clear picture of Double Bottom formation in Daily chart..... watch out for break out at 11530 or break down at 10800
 
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RED ALERT ::

If Spot Nifty manages to close above 4910, then exit all ur shorts, else watch the rally of ur life tomoro and get squeezed.. 4910 is the make or break level(On Spot Nifty)..
If Nifty manages to hold 4910 for 5 minutes cover ur shorts today
 


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The TL was going to temporarily contain the correction, along with that red line, which is my WR1. We'll know in a short while if it is ready to be broken for a move to the WR2-kijun combo at 5018. If we get there, then price action turns consolidative, we'll find another new high, then price consolidates further and then back in the DOWN towards the mid 4600's. This will probably take several days to consummate.

This is all provided that TL gets broken.
 
If Nifty manages to hold 4910 for 5 minutes cover ur shorts today
Nifty has lost it's downwards steam now and it is the time to not only exit ur shorts but GO LONG. If now it crosses 4900 go long. Be a reversal predictor and see how u will make money :clap:
 
4965 spot nifty become big barrier to cross shorter's enjoy holding this spot level has stop loss close below 4840 have to be looked seriously by bull's ...Friday closing is very important for traders....!! watch it 4840 or 4965 ??
Spot Nifty 4840 respected on closing basis tomorrow a new Day and a start of new series
Les us see what that will bring us...!!
 
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