NIFTY 50 future TRENDS

[timepass]

Pips, being a fresh cloud, is it prone to repel the candles ??

 

[4xpipcounter]

Timepass, yes, but there are 2 things I want to point out:
1. When the candle originally broke out of the cloud, it never really drifted that far from it, as the cloud has been heavily bearish. So, what would make the cloud fresh that will initially resist price will not be the depth of the drop, but the tenure it has been out of the cloud.
2. Yesterday's price action formed a smaller than usual candle on the daily. This is because of the R zone price action has entered. Also notice the indecisiveness of the first candle, before the final candle took a nibble out of the cloud, so the cloud is already resisting price action.

Where price is currently at will not provide a strong reversal point. If the candle finds its way through the cloud and to the top, that area becomes a strong and highly predictive point for the reversal that will supply strong teeth.

Pips, being a fresh cloud, is it prone to repel the candles ??

 

[manoharpillai]

Spot Nifty Hourly chart indicates Res. at 4780 level ....fail to hold 4680 at any point of time confirms range bound (sideways) market 4580-4780 breakout @ 4780 break down @4540 till then enjoy 200 points

 

[timepass]

Yeah, it is equipoised on the hourly. The oscillators aren't encouraging but there's support at 15/21 MA and the ADX is still strong without any significant loss today.

Spot Nifty Hourly chart indicates Res. at 4780 level ....fail to hold 4680 at any point of time confirms range bound (sideways) market 4580-4780 breakout @ 4780 break down @4540 till then enjoy 200 points

 

[manoharpillai]

Yeah, it is equipoised on the hourly. The oscillators aren't encouraging but there's support at 15/21 MA and the ADX is still strong without any significant loss today.

Yes option indicators do suggest the same 4700 put huge accumulation ... for the same reason i said 4680 spot level as SL. i will watch tomorrow's close if it is below 4700 sure it's range bound market until spot close below 4540 i am going to bed without any tension i closed all my position.... it is very difficult to trade sideways market
I will go long only spot crosses 4780... my technical study says nifty will test 4900 +during Jan. 2012 .. watch 4540 very carefully...

 

[manoharpillai]

Hourly spot nifty chart just 5 points difference

 

[krishere]

http://www.firstpost.com/blogs/dear-investor-you-are-on-your-own-sebi-rbi-cannot-help-172018.html

 

[EagleOne]

http://www.firstpost.com/blogs/dear-investor-you-are-on-your-own-sebi-rbi-cannot-help-172018.html

Brilliant article. Thanks.

.....Investors are fed advice by media and there is no dearth of free investment advice. Investors losing money by acting on such advice have no recourse, as they cannot get back their money for following the advice given out by the media....

It doesn't take rocket science to realize that those suits sitting in air-conditioned offices are frauds. That is why it is always a pleasure to see the markets crashing.
(I am a Bull by hobby but a full-time Bear, you know. )

By the way, the writer has his own website, aptly named INVESTORS ARE IDIOTS. :lol:
www.investorsareidiots.com

 

[EagleOne]

To be -ve 4760 or 4780 + ...Oh, what a tussle between Bulls and Bears! That's what makes trading interesting! Trending markets are so boring! :lol:

 

[EagleOne]

DAX opened gap down. Let see what FTSE does. Position leni hai bhai logo! Bearish, the better! :lol: