NIFTY 50 future TRENDS

[intellibitz]

If there's Heaven on Earth, you can bet your house that Kollywood (Tamil Movie Industry) will be shooting there. And by the time they leave, Heaven would have left already.

I'm adding star gazing to my list of todo. But it can wait until i can retire in the hills just like you

I had bought 2x5100CE in the morning. :lol:

Anyway, I just came inside to have dinner. 'Was outside watching the 'lovelies' in the night sky, you know. Viewed 3 moons of Jupitar (through my small telescope they were just white points). Will post some fotos on Ravi's thread later - perhaps during the weekend or whenever I get time.

Gotta go, man. The freezing sky is calling. bye


P.S. BTW, I can see very bright arclights around a cottage down the hill from here. Film's shooting going on. Song and dance thing. Guess what, they are shooting a south indian movie (tamil, I guess).

 

[LivetoTrade]

Seems like an Evening Star on the hourly charts.

Short Covering seen in 4700 PEs.

 

[sanjosedesi]

As I write this ... Nifty @ 5236, Futures @ 5266 ... wow !! Today's the first time in over a year I am watching the charts as a technician and seeing this bull-bear battle right at the trend line. While I feel bullish, I have felt like this before, and maybe the best approach for a long term call is wait for price to move decisively up or down from the TL.

 

[timepass]

Seems like an Evening Star on the hourly charts.

Evening Star ?? when ? In the first hour ?? If possible please post your chart. I think an evening star is defined at the end of an uptrend.

Edit : Too early to say, maybe a tweezer top is developing on 30 min.

 

[kiranjakka]

As I write this ... Nifty @ 5236, Futures @ 5266 ... wow !! Today's the first time in over a year I am watching the charts as a technician and seeing this bull-bear battle right at the trend line. While I feel bullish, I have felt like this before, and maybe the best approach for a long term call is wait for price to move decisively up or down from the TL.

OI intrest picture is really scaring thats huge OI addition in 5300,5400,5500 dont know if nifty can cross 5300 with that huge build up

 

[LivetoTrade]

Evening Star ?? when ? In the first hour ?? If possible please post your chart. I think an evening star is defined at the end of an uptrend.

Edit : Too early to say, maybe a tweezer top is developing on 30 min.

TP,

 

[Taurus1]

 

[timepass]

TP,.....

Yes.. maybe hourly isn't the appropriate TF for this. The oscillators were correctly inclined downward too, but the candles finally didn't breach 21MA.

 

[sudoku1]

NF trend UP

tgt > 5333

 

[LivetoTrade]

Yes.. maybe hourly isn't the appropriate TF for this. The oscillators were correctly inclined downward too, but the candles finally didn't breach 21MA.

If we consider candle-stick pattern, then the previous 4 hour had closed much higher - maybe that is the reason this Evening Star did not work.

We are now close to the down-sloping Weekly/Daily TL, and remain in the OB zone.

And, no reversal candle seen as yet.