NIFTY 50 future TRENDS

[sudoku1]

NF trend DOWN


tgt > 4499

 

[4xpipcounter]

image host

Thanks, Tempest.
I got 4771 as the peak, but if you got 4777, I'll take it.

Once again, the picture tells it all.
After the break of the TL we had the move continuing north. The WR2 contained, and then the corrective level was 4705, and the dip, to this point, is 4694. The TL, itself, and the kijun will contain any more further south, as the market will push higher.

I'll post my S&R's for next week, but keep in mind, on the return after Christmas, there is going to be a very strong spike, which could almost nullify the weekly S&R's. The object in this case is to be on the right side of the trade if you are holding through Christmas.
Upper and lower limits, for now, should be 4653 and 4957. I'm favoring the cluster R event at 4957 to contain the correction. The daily could push the market to 4999, but that is still doubtful.



.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.[/QUOTE]

 

[4xpipcounter]

Nifty 4963.49 4853.06 4786.53 4653.47 4586.94 4476.51

I had no idea the WS1 was going to be in the 4653 cluster S area, but it further fortifies it.
It is possible to see the WR3 at 4963 hit this week.

Merry Christmas to all the readers at Nifty50 Trends.

 

[timepass]

Thanks, Tempest.
I got 4771 as the peak, but if you got 4777, I'll take it.

Nifty futures had a high of 4777.

 

[NTrader42]

Merry Christmas to all the readers at Nifty50 Trends.

Thanks Paul and Merry Christmas to you . . .

Seasons Greetings to all friends at TJ

 

[sudoku1]

Todays Nifty Future volume is lowest of last 28 Days !! Total volume Just 339879 LOTS !

 

[4xpipcounter]

LOL, Timepass. My WR2 is bowing to your wishes.

Nifty futures had a high of 4777.

 

[hills_5000]

Sudoku... Nifty> 4499.

Expiry tentatively at 4579. Lets see if this works.

Todays Nifty Future volume is lowest of last 28 Days !! Total volume Just 339879 LOTS !

 

[hills_5000]

Hey Paul..am remembering the day not too long back..when you had mentioned seeing much lesser than 4499 before 29 Dec (on my query ) .. what happened to that ?

LOL, Timepass. My WR2 is bowing to your wishes.

 

[4xpipcounter]

Hills, that was when the price was at circa 4548, which is my WS1. At that point, I could see a deeper drop, even though the WS1 was still containing the drop to that point. I do remember warning to be aware of the reversal anywhere in that area.
As soon as the WR1 at 4701 was hit, I had to show the alternate view in knowing it is extremely rare that an R1 is hit after an S1, and then see a return to the S1. Price action was also very close to the TL, which is why I was lowing the horn on watching for that TL break. Also, in knowing a TL break is accompanied by a correction is also why I was warning of the WR2 at 4777 to contain.

Adjustments are needed many times as price action continues.
Thanks for bringing it up.

Hey Paul..am remembering the day not too long back..when you had mentioned seeing much lesser than 4499 before 29 Dec (on my query ) .. what happened to that ?