NIFTY 50 future TRENDS

[EagleOne]

As explained by Pips elsewhere, the cloud is fresh and the candles are tired, so they will make an attempt at the cloud but will have limited success. This was seen recently in September/October (the red cloud before the present one).

Price action, TP. Always changing. No disrespect to Pips but in my observations of the market, it doesn't take much to pump glucose in the tired candles. A gap up, one or two shaven off engulfing green candles, and the rest of the picture gets completed by the stampeding bears!

 

[Taurus1]

Most probably gap up.

 

[timepass]

We had a gap up last Monday, and then a tired nifty had to pause a week for breath, even with an added session. Another gap up today.. it is getting exhausted because it is riding on nothing - some non-event announcements transparently meant to prop it up. It's going to run out of steam pretty soon.

 

[VJAY]

Dear tp,
Can you please explain changes in settings of itchi in your chart.......

 

[VJAY]

Ahh different scenerios in INDEX & FUTURES

 

[intellibitz]

We had a gap up last Monday, and then a tired nifty had to pause a week for breath, even with an added session. Another gap up today.. it is getting exhausted because it is riding on nothing - some non-event announcements transparently meant to prop it up. It's going to run out of steam pretty soon.

That Gap is still open and meant to be closed, but the $M question is WHEN? Nifty open tomorrow holds the key and any gap up above 4900, bulls will not look back soon.

 

[EagleOne]

We had a gap up last Monday, and then a tired nifty had to pause a week for breath, even with an added session. Another gap up today.. it is getting exhausted because it is riding on nothing - some non-event announcements transparently meant to prop it up. It's going to run out of steam pretty soon.

It is getting exhausted or getting a breather, who cares, yaar? We can always sail in whichever way the market flows. No worries. None at all!

Read the following lines of BeeGees' immortal song:

Well now, I get low
and I get high
And if I can't get either
I really try...
...You know it's all right, it's Okay
I'll live to see another day.
We can try
to understand
The New York Times'
effect on man.
Whether you're a brother
Or whether you're a mother,
You're stayin' alive, stayin' alive.
...
Ha, ha, ha, ha,
Stayin' alive.
Stayin' alive.
Ha, ha, ha, ha,
Stayin' alive.
Life goin' nowhere....

:lol:

Find this song on YouTube, listen and enjoy. I am off to dinner.

 

[LivetoTrade]

SGX Nifty has done a high of 4986 today, wondering if it was planned or a freak trade.

 

[4xpipcounter]

Reachjesal, I implied something and may have created a little confusion. The 4840 level was trying to approximate when the TL was actually going to be hit, and it also fell in line with the approximate value of my WR1. Thus, I posted the daily chart today, because my blue TL's are always drawn from the daily, and it shows the strong move hit the TL exactly. To this point, the TL has contained, and it is assumed the reversal begins from the current level.

One of 2 things will happen with price action on Wednesday:
1. The above scenario holds true (duh).
2. The move continues north with a stronger than usual candle.

There is one concession that has to be made. Price action could continue north, but it will take a strong intraday reversal for containment. The TL contained as long as the candle closes on this side of the TL.

The reason things will be ugly if that TL does not contain is that too many what-if-then scenarios enter the picture.
From a trader's perspective, I think after the market starts this is an ideal place to enter for a low-risk short provided the preferred scenario plays out. You will will probably know hat around 8:16am your time. I don't think the market will be open a long time and it will show its hand.

Hi Paul,

4840 was breached decisively. the large body of a candle break on the upside also qualifies a trend change?

awaiting for your review.

thanks

 

[EagleOne]

SGX Nifty has done a high of 4986 today, wondering if it was planned or a freak trade.

Kamaal hai, yaar, tum logon ka bhee. Nifty neeche jaati hai toh sab TJ ke threads pe aahein bharte hain, charts mein raasta dhoondte hain, ki kisi tareh uppar jaaye. Uppar jaati hai, toh sab hallaa karte hain, chaati peetney lagte hain ki bearish kyon nahin ho rahi, TL paar ho gayi, doji kahaan hai? :lol: :rofl: