NIFTY 50 future TRENDS

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So going short 200 points below the current price and "hoping" that ST's reversal will come to rescue is not a prudent way to trade
200 points ... I probably went short 350 points ago ! But ... to each his own, and to each his/her own stop loss. If someone is taking another's "calls" to make a trade (rather than learn), it is a false move anyway.
 
It works in all stocks and indices. I have used it on RIL,Bank Nifty, SBI,Telco,Tisco,ACC and many other stocks.
I know you said stocks and indices, and I am not a commodity or forex trader myself, but just wanted to check for future benefit ... have you tried or seen this work as well on commodities or forex. I ask this because the definition of day there might be different, gaps might be fewer (but if it is still NSE/MCX, it may not matter) ... and with a longer day or a longer week, I wonder if the signals get better or worse.
 
10-02-12 spot nifty res/sup. Level
r2-5476 r1-5444 Pivot 5391 s1-5359 32-5306

watch out spot 5360 very impotent point

any trend reversal have to be treated as pull back of this massive rally of nearly 900 points in just under 30 trading session 3-5% correction is due
i would place my max. Retracement at 5240. I do not see any huge correction in near term at least till the budget.
When market will pull back...!! All are eagerly awaiting
max. Level 5502 according to me and we may get close to it any time i will go short today.
 
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