NIFTY 50 future TRENDS

[rajasree1]

Rajasree, this might help in seeing the difference in respective TL's.

Your TL was drawn from the highs in an uptrend. Mine was drawn from the highs in a downtrend. Your TL is measuring an extreme condition which could mean the means for a reversal, or if broken, the market will become further extreme and then a larger reversal. Your TL would typify a sign of a reversal. Mine is showing the breakout or reversal in the trend.

Also, considering this is a breakout on the 4-hour chart with a correction of the breakout nearby, and then a return to the correction of the MT trend, and then a subsequent MT trend reversal, it can be quite dangerous using the 5-min chart in these conditions.

I'm only mentioning all this because I saw in your other post you are new, so I wanted to show you the difference.

Thank You Sir for such valuable lessons you are giving to such novice like me.

 

[4xpipcounter]

It's always a pleasure. I thought it might be of help to you.

Thank You Sir for such valuable lessons you are giving to such novice like me.

 

[LivetoTrade]

I just noticed that Linkon had written this last week !
http://www.traderji.com/futures/64280-dec2011-nf-expiry-prediction-game.html#post619063

 

[anayash]

Hum jaante hain, jaante hain, jaante hain.
But fikr not, Sudoku bhai. Hawa paltey hi uppar wala song pehale ki tareh 4800PE ke liye gaaya jaaye ga. :lol:

Mera to NIFTY se bas ek hi kehna hai:

Tere Mere Sapne Ab Ek Rang Hai

Jahan bhi le jaayein raahein Hum sang hai!

 

[sanjosedesi]

Mera to NIFTY se bas ek hi kehna hai:

Tere Mere Sapne Ab Ek Rang Hai

Jahan bhi le jaayein raahein Hum sang hai!

My first thought (PJ):

- Jab Nifty bolega (bolegi) ki "main tumhare bacchey ki maan bananey waali hoon", will it say that to you or Manmohan Singh (who is screwing it).

 

[tempest]

[/QUOTE].There's your picture. I says it all. The TL was broken on the final 4-hour candle of the day, and so it was 4705 at the point of the break.
Notice, once again, the large body of the candle. That is the nature of a TL break.
I would look for circa WS2 at 4777 to be initial containment before we get the TL correction back to 4705, and then the next leg of the correction will go higher than this one. For now, it seems his correction will go no higher than 4952.[/QUOTE]

Well we gapped up and hit a high of 4777.8.......good call Pips!:clapping:

Of course its still early in day to say but 4777 should be the level to watch.

 

[EagleOne]

Mera to NIFTY se bas ek hi kehna hai:

Tere Mere Sapne Ab Ek Rang Hai

Jahan bhi le jaayein raahein Hum sang hai!

4800CE ko yahi suna raha hoon. Bas kahin purani GF, 4800PE, beech mein aake haath na pakad le!

 

[anayash]

4800CE ko yahi suna raha hoon. Bas kahin purani GF, 4800PE, beech mein aake haath na pakad le!

At least aaj to bhi PE humein apni taraf attract nahi karegi aisa lag raha hai!

 

[EagleOne]

At least aaj to bhi PE humein apni taraf attract nahi karegi aisa lag raha hai!

4500CE ki attraction ki kya baat hai! :lol:

 

[Taurus1]

12:28 PM - Buy Nifty with a 1-2 day target of 4840 and stop loss of 4700, says Kunal Saraogi, technical analyst, on CNBC Awaaz.

12:25 PM - Buy Nifty with a 1-2 day target of 4815 and stop loss of 4690, says Indra Narayan Biswas, technical analyst, on CNBC Awaaz.

12:22 PM - Buy Nifty with a 1-2 day target of 4850 and stop loss of 4700, says Ashutosh Sarna, technical analyst, on CNBC Awaaz.

12:17 PM - Sell Nifty with an intra-day target of 4720 and stop loss of 4760, says Kiran Jadhav, technical analyst, on CNBC Awaaz.

12:13 PM - Buy Nifty with 3-4 day targets of 4850-4930 and stop loss of 4700, says Somil Mehta of Sharekhan on CNBC Awaaz.

I saw this and knew there was going to be trouble.
The TV analyst indicator™

strikes again.