NIFTY 50 future TRENDS

[rajeabc]

yes possible

Inverted SHS pattern is valid only when formed in down market(trend).

 

[rajeabc]

hello rajeabc ,

just watch two charts........... ADX is shown current strenth in nifty fut ...........inv h&s working uptrend also ............ :thumb:

Dear Santosh ,
I am not challenging your technical analysis . I wrote what is the basic fundamental of technical analysis (i.e Inverted SHS is valid in down market (at bottom of the market) and I did not see volume as well ). May be I need to learn more to understand these things.
I do not follow ADX. So don't know about that.

good luck

 

[sudoku1]

nifty futs>

target>

5590/5600




get ur facts first, then u can distort them as u please.
Mark Twain

 

[r.dibya]

hello everybody,

i think nifty should corret at this level according to EW ( elliott wave theory ) . Volume ,RSI,MACD r indicating negative divergence

 

[rajeabc]

hello everybody,

i think nifty should corret at this level according to EW ( elliott wave theory ) . Volume ,RSI,MACD r indicating negative divergence

We follow these Indicators. These Technical Indicators are just the reflections of actions taken by TAs. If we want to know the true picture better we start looking around and try to read Raw data : News ,Economic out put , Political events, etc .You may process these data better than these TAs then output could differ from the Technical what we follow because these Technical indicators have lag and meant to follow.

In short term I see Nifty trading at 5550-5600 .This is my view.

 

[r.dibya]

see 5500-5600 is not issue at this stage ,& nifty is trading since 5 months in between 4700-5450 range.
(inverse U turn,negative divergence,overbought,EW ,low volume) all analysis indicates only sell sell. i may buy near 4600-4750 level to 5700

u can check my chart analysis on EW

 

[MurAtt]

see 5500-5600 is not issue at this stage ,& nifty is trading since 5 months in between 4700-5450 range.
(inverse U turn,negative divergence,overbought,EW ,low volume) all analysis indicates only sell sell. i may buy near 4600-4750 level to 5700

u can check my chart analysis on EW

imo these levels would not come .. at least 4600-4750 ... maybe 5380, 5320, 5280 and 5210 BUT below these it may not be able to move down ....

I use only TLs and we have some extremely good supports there.

Rest, as a disclaimer I can say that Market is suprement and it can break 4600 and head for 4200 as it can break 5700 and head for 6000.

 

[r.dibya]

u can check my chart analysis

 

[rajeabc]

see 5500-5600 is not issue at this stage ,& nifty is trading since 5 months in between 4700-5450 range.
(inverse U turn,negative divergence,overbought,EW ,low volume) all analysis indicates only sell sell. i may buy near 4600-4750 level to 5700

u can check my chart analysis on EW

That is what I wrote.. Technical Indicators show what happened in past they don't show what may happen in future. All actions using TA are based on past data.

Start saying that market will come down that too without any time frame...every one know that what goes up will come down (basic gravitational law) . It is same as I start saying that NIFTY will hit 10000 (NOTICE no time frame...) I am sure it will hit some time. BUT keep sitting and waiting market to fall can't be a good strategy. Enjoy what is there today (trend) rather keep worrying for tomorrow. ( I have seen few guys on this forum have been saying the same when nifty was at 5250 )

Even if it goes down who cares ? we will make money even in falls.

Yes , one should be
Watchful
Cautious
NEVER OVER EXPOSED

Nothing Personal

Thanks

 

[r.dibya]

DOW analysis for longer term