NIFTY 50 future TRENDS

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4209211

4209211

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brightstar

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Last close Nifty spot : 4840

friday closing will be vry imp. I reiterate close below 4832 i.e. 200 Weekly MA, Nifty will test 4720-4680.

Daily Bollinger Band is at 4696, all the daily oscillators are giving sell signal.
but... but... markets have its own mind... dont know may give a shocker tomorrow!


Support for tomorrow : 4840-4824-4800
Resistance for 2morrow: 4853-4875-4900

If long SL 4830
If short SL 4900
 
D

deepak_ori

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SavantGarde said:
Hi T4J,

Market Structure is the key to the play...

When have we witnessed the market structure collapsing.....during whatever downside was witnessed.... I didn't see it collapse recently when we broke 5200 on an intraday basis....

It might get you thinking what is this market structure.....

I do not pour over data...just keeping a close watch on macro picture..... with respect to global picture is enough.....and there a few other things when the soundbytes from the big fund go out of their way to voice their bearishness....on local channels.......

Have you ever noticed in the past.... when slew of big funds having their India Investor Conference....and they had practically taken over the channels to voice how & why they were bearish on India....... while in the background they collected money and deployed....

Going back a little more during the meltdown.... when the sensex was around 7600-7800...does anybody remember what was being spoken on the channels then......let me refresh some of your memories....a particular morning when it looked like that those on the sidelines would start deploying some fund....we had atleast five global bigwigs..... Robert Parker, Stephen Roach, Marc Mobius, and there were a couple more who all voiced that sensex would go down below 5000 and that's when they would deploy money in our markets...... what really happened was they accumulated at that point...while those who were planning to deploy that morning held back waiting for 5000 on sensex.....

I have written this several times..... key is to understand... that Funds will create fear among small investors...... when they accumulate.... theory is do whatever it takes to keep the small guys away from the market when the big guys are on buying spree....so that when the time come to book profit.... there is such euphoria created..... that most small guys get in at the top....and this is how the game is played and will always be played...Period.

I have been reading all sorts of figures being bandied about from 4000 to 4800.... want them all to come back in 3 months time...and offer their comments.....

& Don't kid yourself to think I play only positional.... yes I play positional which one will find it hard pressed to remain in a trade for as long as I have remained..... but I play the Intraday with the same alacrity.......

Some months back some member here provided all sorts of fundamental analysis and comparisons and that he would buy COAL India at 100 bucks.....

I am sure we have all sorts traders wanting reverse their positions at various points... but if they are not realistic in their assumptions...they might as well stay out or remain on the wrong side and bear the pain....

Also one will rarely find me sitting on the fence....My only endeavour is to be more right than wrong......

Frankly I do not know what is with Sudoku's prediction of the lower target.... because if he is such a long term forecaster...a few weeks back he had posted up target for a single day and immediately went back to lower target form his next posting......such long dated forecasting doesn't change on a single days move....I am sure something has gone wrong somewhere....

SG
Click to expand...
Well SG your forecast was not good this time...i am reading the old posts and kingfisher is the guy who hit the jackpot- He has a target of 4000 in nifty in a years time.

I am not saying there is any battle going on but since you wrote the guys who are predicting 4000-4800 should come back after 3 months, i feel it was important to highlight that statement.
 
4209211

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sudoku1 said:
NF trend DOWN


tgt > 4567
Click to expand...
Sodoku Bhai aage badho aage badho hum tumhare sath hain!!!!:thumb::thumb::thumb::thumb::lol::rofl:
 
Taurus1

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Taurus1

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