NIFTY 50 future TRENDS

[4xpipcounter]

Keep the light on, Eagle, We're all coming. That bus in the other picture is picking us all up.
BTW, just curious. How long does it take you to get into town to go shopping?

For those who missed EagleOne's post Long long long long...... Ago ....

 

[EagleOne]

Keep the light on, Eagle, We're all coming. That bus in the other picture is picking us all up.
BTW, just curious. How long does it take you to get into town to go shopping?

20-30 min - one way.

 

[reachjesal]

Hi Paul,

Not exactly a bear day today?

Thanks

 

[EagleOne]

MSA, this is for your Daanu. Taken from the window on my left. See how smart these little angels are! A pair takes a bath, the rest stand on gaurd. The cycle keeps on going till they have frolicked to their hearts' content. And then, furrrr!!! Leaving me open-mouthed, always!

 

[msa5678]

MSA, this is for your Daanu. Taken from the window on my left. See how smart these little angels are! A pair takes a bath, the rest stand on gaurd. The cycle keeps on going till they have frolicked to their hearts' content. And then, furrrr!!! Leaving me open-mouthed, always!

Superb clarity. I will tfr this to my mobile phone and give it to Daanu. Eventhough I know that I won't be able to take the mobile back from her for a long time, her joyness while watching the pic is worth more that taking all the trouble.

 

[4xpipcounter]

RJ, we did get the bear candle.

Now that the bottom of the cloud is hit, I'm a little perplexed as far as the next major move is concerned. I would probably be on the sidelines if I was a trader of Nifty.
There is now confluence of bearish indications: bottom of the daily cloud getting hit, upper SD bearish channel extreme, stochs OB and curled semi-nicely.
The one strong bullish indication is the rule of the TL. Circa 4914 would contain, before we would see a move further north to my YR1 if that is the case.
Nothing is absolute (Whoa! Is that an understatement or what?), so if we do have an exception to the TL break, then it could lead to some volatile price movement.

BTW, I know we all have our own views, which is part of the fun in this thread, but, that is the reason I track 28 pairs in forex for my personal trading. As an example, I would now be sitting on the sidelines where I would have been since last week waiting for a setup with a high confidence ratio (Just the way I word it.). Tracking 28 forex pairs is like walking into one of my favorite restaurants. Do I want chile relleno, carne asada, burrito de cabavesa, taco de lengua? Get it? So many choices, but you know regardless of the choice, it is going to be a good one.

Hi Paul,

Not exactly a bear day today?

Thanks

 

[EagleOne]

Absolutely right about sitting on sidelines you are, pips. I mean, one could always sort of scalp in these circumstances but it ain't worth it. Personally, I was wary of this OB thing on Daily. The hourly had a dozen odd candles in OB zone before it came down a little, not enough to clean the slate completely. I will enter the market only if it should either dissipate or show remaining steam breaking through the TL.

 

[LivetoTrade]

RJ, we did get the bear candle.

Now that the bottom of the cloud is hit, I'm a little perplexed as far as the next major move is concerned. I would probably be on the sidelines if I was a trader of Nifty.
There is now confluence of bearish indications: bottom of the daily cloud getting hit, upper SD bearish channel extreme, stochs OB and curled semi-nicely.
The one strong bullish indication is the rule of the TL. Circa 4914 would contain, before we would see a move further north to my YR1 if that is the case.
Nothing is absolute (Whoa! Is that an understatement or what?), so if we do have an exception to the TL break, then it could lead to some volatile price movement.

BTW, I know we all have our own views, which is part of the fun in this thread, but, that is the reason I track 28 pairs in forex for my personal trading. As an example, I would now be sitting on the sidelines where I would have been since last week waiting for a setup with a high confidence ratio (Just the way I word it.). Tracking 28 forex pairs is like walking into one of my favorite restaurants. Do I want chile relleno, carne asada, burrito de cabavesa, taco de lengua? Get it? So many choices, but you know regardless of the choice, it is going to be a good one.

We entered the cloud on the Daily chart, but the candles did not touch the top of the cloud.

Isn't the move incomplete?

 

[manoharpillai]

Spot Nifty Will hit 4840 in a day or two SL anything between 5020 to 5040 those who feel this level is bit high can make it to 5005 and re-enter shorts again price move below 4970............. Not recommended for the JAN.2012 OUT OF MONEY OPTION TRADE. I have my Nifty FUT. short position (4980) open...

 

[4209211]

Spot Nifty Will hit 4840 in a day or two SL anything between 5020 to 5040 those who feel this level is bit high can make it to 5005 and re-enter shorts again price move below 4970............. Not recommended for the JAN.2012 OUT OF MONEY OPTION TRADE. I have my Nifty FUT. short position (4980) open...

Manohar bhai is it advisable to hold 4900 put as per u as i am holding it since around 35 and am looking to buy more in dipps what do u say i am holding jan series 4900 put