NIFTY 50 future TRENDS

[valuable_earner]

NF trend DOWN

tgt > 4499

Bhai sidha tgt do 3000 ka ....

zaaara bulls ko bhi pata chale ki WHY THIS KOLAVERI KOLAVERI DI

:rofl::rofl::cheers::beer::gunsmilie:

 

[trade4joisar]

No, the charts help me to determine where the construction areas are at before the trip starts. As a trader, the decision I have to make is do I want to continue on the trip in the middle of the construction or do I want to take the alternate route. The beauty of the charts is you can already see the construction.

Let's use Nifty in lieu of our little metaphor.
Tentatively, the trip north is scheduled to take off at circa WS1 at 4548. Scheduled destination if no further than 4938. There will also be major construction around 4850.
At 4850, if I was trading this market, I would make a decision, "Do I want to take the country scenic route heading east before I head north, or do I want to just jump out and not endure all that construction, then catch the next trip heading south at circa 4938?"

That's the tentative schedule. Sometimes, the road map will change as the trip continues. Trip adjustments have to be made as changes evolve. There are surprises, sight-seeing tours, and yes, even potholes in the road. The navigator of the trip makes the best money when he is able to navigate the best around the unexpected things the trip will bring.

Today WS1 was well supported.

 

[4xpipcounter]

T4J, that was expected as the market is slowing down a bit in expectation of the reversal. I'll update it in awhile.

Today WS1 was well supported.

 

[LivetoTrade]

T4J, that was expected as the market is slowing down a bit in expectation of the reversal. I'll update it in awhile.

4xpip,
We did not even touch WS1 at 4548 to get a bounce - was it a false move?

Please see this post - http://www.traderji.com/derivatives/42863-nifty-50-future-trends-476.html#post616821

Support was seen at 44xx levels.

Why does the scene change now???

 

[4xpipcounter]

upload images

My WS1 at 4548 was missed by 11 points, so there will still be a magnetic pull towards it. It's the WS1 that was to be treated as a decision point before the recovery begins. I get the feeling the market feels like it is suspended in midair right now. Getting back to our metaphorical trip, it has now entered a very foggy zone.
There is still room for it to push south, as the pair being in a downtrend has not drifted that far away from the cloud. The daily is showing that a further dip will add some explosive happiness to the corrective process.
From this point, the market could go east a little while, but all things considered, the next polar move should be south, again. It's now favored to see a drop to the WS2 at 4471, and possibly the MS2 at 4445. Regardless of the nature of this leg of the drop the rest of the way, look for 4396 to be absolute containment.

 

[4xpipcounter]

It was not a false move. It was expected for price to slow down in that area. I further elaborated on that in my previous post.

4xpip,
We did not even touch WS1 at 4548 to get a bounce - was it a false move?

Please see this post - http://www.traderji.com/derivatives/42863-nifty-50-future-trends-476.html#post616821

Support was seen at 44xx levels.

Why does the scene change now???

 

[LivetoTrade]

It was not a false move. It was expected for price to slow down in that area. I further elaborated on that in my previous post.

I know you do not trade candle patterns, but, the daily has the likes of a morning star today.

 

[4xpipcounter]

Maybe in lieu of your observation is why the market could go east for awhile instead of continuing due south.
That's just a guess on my part within the context of the candlestick pattern.

Come to think of it, I am curious. What would a morning star suggest to you? Evidently, you're implying a reversal. Would it suggest the height of the reversal, or its strength?
I'm just asking for my personal education.

I know you do not trade candle patterns, but, the daily has the likes of a morning star today.

 

[LivetoTrade]

Maybe in lieu of your observation is why the market could go east for awhile instead of continuing due south.
That's just a guess on my part within the context of the candlestick pattern.

Come to think of it, I am curious. What would a morning star suggest to you? Evidently, you're implying a reversal. Would it suggest the height of the reversal, or its strength?
I'm just asking for my personal education.

The morning star - if at all there is one, is just in its formation stages. We need another candle that opens gap-up, and closes above the mid-region of the previous bear candle.

LOL, I am asking this to convince myself that it is not a reversal pattern - since I have not squared my shorts as yet :-D

 

[4xpipcounter]

It's getting precarious, but I still think it is headed lower before we have a full blow correction.

The morning star - if at all there is one, is just in its formation stages. We need another candle that opens gap-up, and closes above the mid-region of the previous bear candle.

LOL, I am asking this to convince myself that it is not a reversal pattern - since I have not squared my shorts as yet :-D