NIFTY 50 future TRENDS
- Thread starter sudoku1
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LTT, the TK cross is not a safe indication here. The kijun cut through it heading south.
As far as drawing the TL is concerned, I'm waiting for a defined moved north, so I have an actual swing low to connect the dip to the swing low.
I knew Tuesday when we hit the peak at 4804 that we had entered the R zone, yet I am still believing we could have made it closer to 4900. The daily tenken at 4686 needs to contain or we may have had the peak on the correction.
As far as drawing the TL is concerned, I'm waiting for a defined moved north, so I have an actual swing low to connect the dip to the swing low.
I knew Tuesday when we hit the peak at 4804 that we had entered the R zone, yet I am still believing we could have made it closer to 4900. The daily tenken at 4686 needs to contain or we may have had the peak on the correction.
Maybe this chart would make sense for the TL, but it seems like a HnS on the 4 hour, and Nifty drifting away - height is about 350 points.
But TK cross seems to indicate bullishness? 4xpip??
But TK cross seems to indicate bullishness? 4xpip??
@4xpip..
One straight question to you bro..At present Dow is down by 100 pts.. Do you think this will have any impact on expiry tomorrow?
Whether it holds some kind of nerve on our market, comes secondary.. where do you think the expiry of Dec-2011 could be?
Is it on green or red or neutral?
PS: My system has generated sell with TSL of 4757.
Regards
One straight question to you bro..At present Dow is down by 100 pts.. Do you think this will have any impact on expiry tomorrow?
Whether it holds some kind of nerve on our market, comes secondary.. where do you think the expiry of Dec-2011 could be?
Is it on green or red or neutral?
PS: My system has generated sell with TSL of 4757.
Regards
Funny thing was I did not know when your expiry happened until I got to this forum.
I'm also not off the belief that DJIA and Nifty have lot in common, because of the point I made the other day. Currently, Nifty is about half between its all-time high and its all-time low. DJIA is only about 14% from its all-time high.
Earlier, I mentioned how Nifty entered the R zone, and that I thought it would advance more through it. That is now subject to doubt and the southern most tip of the zone may be all that is needed for the market to resume its DOWN, even though it still looks premature. (In other words, if I was trading this market I would be flat right now.).
DJIA is simply reacting from a hit at the top of the weekly cloud. It is a decision point, and for now it just seems to be content to float inside the cloud. If it breaks the top, a very strong move will accompany it, and 12624 would be on the radar. Key points to watch for on DIJA is 12028, 11739, 11601. If the latter gives out, then the UP is over.
That's my MT view of DIJA. I don't have any opinion on its impact on the expiry.
ST, the market looks bearish until the WS1 is hit at 12131, and the MP at 12032.
When it comes to trading and my forecasting, I have a personal narrow-mindedness to my charts. There is nothing else I consider. Personally, I would not know how to consider an expiry in a trading decision.
I'm also not off the belief that DJIA and Nifty have lot in common, because of the point I made the other day. Currently, Nifty is about half between its all-time high and its all-time low. DJIA is only about 14% from its all-time high.
Earlier, I mentioned how Nifty entered the R zone, and that I thought it would advance more through it. That is now subject to doubt and the southern most tip of the zone may be all that is needed for the market to resume its DOWN, even though it still looks premature. (In other words, if I was trading this market I would be flat right now.).
DJIA is simply reacting from a hit at the top of the weekly cloud. It is a decision point, and for now it just seems to be content to float inside the cloud. If it breaks the top, a very strong move will accompany it, and 12624 would be on the radar. Key points to watch for on DIJA is 12028, 11739, 11601. If the latter gives out, then the UP is over.
That's my MT view of DIJA. I don't have any opinion on its impact on the expiry.
ST, the market looks bearish until the WS1 is hit at 12131, and the MP at 12032.
When it comes to trading and my forecasting, I have a personal narrow-mindedness to my charts. There is nothing else I consider. Personally, I would not know how to consider an expiry in a trading decision.
@4xpip..
One straight question to you bro..At present Dow is down by 100 pts.. Do you think this will have any impact on expiry tomorrow?
Whether it holds some kind of nerve on our market, comes secondary.. where do you think the expiry of Dec-2011 could be?
Is it on green or red or neutral?
PS: My system has generated sell with TSL of 4757.
Regards
One straight question to you bro..At present Dow is down by 100 pts.. Do you think this will have any impact on expiry tomorrow?
Whether it holds some kind of nerve on our market, comes secondary.. where do you think the expiry of Dec-2011 could be?
Is it on green or red or neutral?
PS: My system has generated sell with TSL of 4757.
Regards
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