NIFTY 50 future TRENDS

[trade4joisar]

Petrol prices not to be hiked this fortnight

http://economictimes.indiatimes.com...hiked-this-fortnight/articleshow/11339974.cms

 

[timepass]

Petrol prices not to be hiked this fortnight

http://economictimes.indiatimes.com...hiked-this-fortnight/articleshow/11339974.cms

I was about to post this news article . Maybe Reliance's 2% rally will fizzle out. I guess all OMCs will suffer.

Foreigners can now invest directly in Indian stocks

But how will it bring down volatility (as the article says) ??

 

[saivenkat]

My bears are still Blood Thirsty..:rofl:

 

[LivetoTrade]

My bears are still Blood Thirsty..:rofl:

Bears generally hibernate in winter.

Give them a break, the sun will soon shine, then they can pop their heads out and eat to their heart's content.

 

[Bigbear]

I heard people were talking about me

 

[manoharpillai]

Expecting bounce from here entered long from 4590 will watch 4660 hurdle to cross 4730 is trend decider Hourly chart indicates some bounce till 4720

 

[4xpipcounter]

My views for 2012:

There is still strong momentum that favors the monthly TF. There is going to be a very strong LT confluence of support at circa YS1 at 4158. That will put at least a temporary lid on the tip south and offer a strong springboard for a reversal. The reaction the market takes from that point will determine the longer term movement for it. We could see a move back to this year's starting point (What I would call YP) at 4624, and afterward, the top of the monthly cloud is taken out and we head to the YS2 at 3693, and even much lower. The other scenario is that this has been a LT correction of the UP that peaked in November 2010, and then we're on our way to the YR2 at 5554.

From a trader's point of view, there are 2 excellent longer term opportunities on this market for 2012. From current level, the YS! at 4158 is on the radar.
The YS1 is strong containment, and it will yield a strong reversal.

 

[timepass]

Expecting bounce from here entered long from 4590 will watch 4660 hurdle to cross 4730 is trend decider Hourly chart indicates some bounce till 4720

It has faced strong resistance at 21MA on the hourly. Will wait for a full candle above 21MA to go long, bearish till then.

 

[manoharpillai]

Expecting bounce from here entered long from 4590 will watch 4660 hurdle to cross 4730 is trend decider Hourly chart indicates some bounce till 4720

as expected spot nifty can hit 4720-4730 today close above 4730 will hold my long and move my sl to 4680

 

[EagleOne]

Same here, Manohar. My yesterday's CEs are flying in the blue sky!