NIFTY 50 future TRENDS

[manoharpillai]

Dear friends i am enjoying my vacation ... yet i take some glimpse of the market too ... well by the time i come back to trade after New Year (02-01-2012) i don't think nothing much is going to change as for as Nifty is concern ....

MY SINCERE GREETINGS ..... MERRY CHRISTMAS AND HAPPY NEW YEAR 2012 TO ALL

I WISH AND PRAY ALL MIGHTY TO BRING IN PROFITABLE TRADING DAYS IN 2012.. TO ALL MY DEAR FRIENDS

 

[4xpipcounter]

You're a star, Mano! Look forward to hearing from you in 2012.

Dear friends i am enjoying my vacation ... yet i take some glimpse of the market too ... well by the time i come back to trade after New Year (02-01-2012) i don't think nothing much is going to change as for as Nifty is concern ....

MY SINCERE GREETINGS ..... MERRY CHRISTMAS AND HAPPY NEW YEAR 2012 TO ALL

I WISH AND PRAY ALL MIGHTY TO BRING IN PROFITABLE TRADING DAYS IN 2012.. TO ALL MY DEAR FRIENDS

 

[PGDIMES]

You're a star, Mano! Look forward to hearing from you in 2012.

Who are the planets, satellites, meteors & asteroids??? BTW, is it a solar system or a BLACK HOLE?

 

[4xpipcounter]

You answer that question. You got the avatar for it.

I'll answer the 2nd part. No black holes here at TJ. This is all solar system stuff. We are all zooming!!!
I better be quiet. Everyone is going to think my favorite candy bar is the Milky Way. Now everyone is getting their Snickers. (bad humor)

Who are the planets, satellites, meteors & asteroids??? BTW, is it a solar system or a BLACK HOLE?

 

[sunny_cool]

@4X

On what basis did u come with WS1,WR1..... ? Are these based on the lagging line levels?


& I also want the link of the post in which u mention all the basic terms u used while writing predictions...i got that somewhere but not able to recognize it now...hope it will not increase ur workload

"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.
"

What make u feel so?

adult image hosting

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.

 

[timepass]

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.

All those are ifs and buts, Pips, I invite you to join the game here .

 

[4xpipcounter]

Sunny, forum rules state you are only allowed 2 questions per post (just joking).
Actually I had to write something outside the quote, so it would post.

@4X

On what basis did u come with WS1,WR1..... ? Are these based on the lagging line levels?
My S&R's are based on my own proprietary formula. In 2007 I started noticing trends within each TF and cycles within those trends. My formula takes that into account

& I also want the link of the post in which u mention all the basic terms u used while writing predictions...i got that somewhere but not able to recognize it now...hope it will not increase ur workload
That got buried in my thread. I'll just have to repost it over there. I do a cut-n-paste from my blog. I don't have to search for it there, because I just type in "semantics" and it pops right up.

"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.

What make u feel so?

Check your daily chart as far back as you want to go. Look at the last day before Christmas and the first day after. HUGE spikes!
The reason is you may not be able to trade your market at certain times, but the markets never stop moving. With Nifty, the spikes are common because you have a 6 1/2-hour per day market. If I shut my forex charts off the same time Nifty is down, I guarantee when I come back the price is not the same, because the market kept moving even though I shut the charts down
When you look at breaks over vacation time, there are a lot of times when the market is shut down 3 days at a time. Wow! That can only mean one thing. Spikes!
(Watch! After such a bold statement like that, we get no spike and a high-low spread of 60 points--lol.)

4957 is a strong cluster R area. Therefore, that would seem to be an ideal containment area for a correction. I mentioned the possibility of the daily pushing the market to 4999, because that is the approximate area of the TL and strong momentum could provide the kick to push it that far.

 

[4xpipcounter]

No, no, Timepass. Those are OTOH's. Ask Eagle.

All those are ifs and buts, Pips, I invite you to join the game here .

 

[NANDAMAD]

Wish all the tj members a happy chiristmas and a new year.

 

[sunny_cool]

My Wishes for all TJ members a Christmas filled with love & many blessings