NIFTY 50 future TRENDS

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Taurus1

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Taurus1

Well-Known Member
Doesn't look like it's gonna break today, anyway shorted at 5120, with SL 5160 :!
9th/12th are wide range bars. :p :D
Turn date of 8th/9th Sept came in exactly on time, with both wide range days. :yahoo: :yahoo:
SM, where's my biryani?? :D
 


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The strong spike to start the week took care of this forecast, so I thought I'd update it.

The one problem with 6 1/2-hour days is that it tends to nullify my S&R's. Markets don't stop moving just because the brokers shut down at certain times. Having said that, there was a clean break off the WS2 at 4905, and most likely, we head back to the WS1 at 4972.
There is now a cluster event at 5012, which means that should be ST containment. The strong spike and the southward move thereafter implies there is enough stream in the tank for 4840 to be hit, and it could be this week. After that, there is the MS1 at 4783 to look to, and then 4719.
Any level below 4840 is viewed as a reactionary, as the market is now in a wide and predictable consolidation range.


Upside containment this week should be the WR1 at 5105. A major obstacle heading south will be the 4-hour kijun / daily tenken combo at 4941. Most likely it will be broken as the market heads to the WS2 at 4905.
 
Unreasonable comments should not be responded (IGNORE) Sudoku's posting are occasional with very less words of authenticity. Had this thread been only with his postings it would't be so gloriously successful one . My understanding is Sudoku enjoys all silently..haha..... keep posting guys...... dont worry as long Sudoku not disturbed buy us ...
lol its obvious you are new, sudoku's thread has been controvertial & later much popular just by his own posts, the recent activity of many posters coming here cause his thread is very popular thus they getting more coverage since their posts otherwise wud not have been worth a read... people come to this thread just for sudoku, get it (with the exception of 4xpipcounter which are more meaningful... though along with forex I think he should do a nifty thread too... cause his post are frankly getting lost here along with sudoku's) :cool:
 
Sultaan, I thought about it, but that is all we need-- another tread on Nifty.
In addition, Sudoku has to be enjoying the exposure his thread is getting.


lol its obvious you are new, sudoku's thread has been controvertial & later much popular just by his own posts, the recent activity of many posters coming here cause his thread is very popular thus they getting more coverage since their posts otherwise wud not have been worth a read... people come to this thread just for sudoku, get it (with the exception of 4xpipcounter which are more meaningful... though along with forex I think he should do a nifty thread too... cause his post are frankly getting lost here along with sudoku's) :cool:
 
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