NIFTY 50 future TRENDS

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4209211

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Dear Vinzz Weekly Spot Nifty levels
R3-5577 R2-5476 R1-5425 PIVOT-5375 S1-5324 S2-5274 S3-5173

Monday watch 5325 for break down and 5415 for break-out i expect some mild pull back Max.up to 5270 and worst case scenario 5170 below this some serious correction underway ...but there is no sign of bigger correction yet... expecting market to consolidate in a rage before break out to make new high around mid March as long spot nifty holds 5170.
Manohar Sir I hope my this post finds u in good health

Respected Sir i have a small question
As we are actively following Brazil Market and our charts are 90%-95% same last year they made feb lows we made the same the broke the lows same we did now they are trading at a very high range like nifty is at 6mth high but brazil is at more than that and wrt brazil charts 50EMa have crossed 200EMa i read some where that this crossover leads to a starting of a bull driven market
see the charts


now my question is are we into a kind of bull market and we should expect a lvl of 6300+ very soon or what we are seeing is just a timepass rally as the volume is very high every day fiis are buying and buying but diis are opp so i think calling a timepass rally would be wrong
as per my research i feel a 3weks consolidation within 5170-5500 is expected and nifty (spot) should remain in the given range
i feel your levels are not only basd on technical studies but also involve some astrological studies also any way its just my feeling
if tomorrow we open around 40-60 points Gap Down which i feel could happen so should we risk of buying in that dip or can we see a 2-2.5 percent of bloodbath and please can u give the lvl where below/above should we sell or buy tomorrow after market opens because we are certainly going to see a Gap down so the lvls which u gave will not prove to be that helpful as live market which will show

Thanks in advance i hope i did not bother u in any way
 
Can you post your NF analysis for Monday ?
Nifty Created Hgh of 5451 On Thursda and the same was not broken on Friday and As per the methods i Follw , Nifty Has completed 8th weekly closing from its recent low, And My ways tels that Nifty is Stopping its this rally jsut for some days, and Keeping SL of 5462 , One can Go short i nifty, n each rise, ,

Nifty Support for Monday : 5340 , If sustaining below that .will create all round panic.upto 5304 and there after 5270, Closing below 5224 will be Major problem.
 
I wanted to add something to my weekly view. It is seldom I would use the [previous week's S&R's, but this is one of those rare occasions.
Last week's WP is 5336. Put this on your radar. If 5336 is touched, then the TL gets hit.


Here's the weeklies:

Nifty 5505.24 5451.16 5418.58 5353.42 5320.84 5266.76


The market last week ran into a strong road block in the form of my WR1 at 5406. I said at the beginning of the week if it is touched then we head to the top of the weekly cloud at 5554. We did get a strong spike to the 61.8% level of WR1>WR2 at 5448, but the market failed to sustain the momentum.
My view remains the same. We are headed to 5554 before getting a sign of a sustained reversal. The only way that changes is a break of the UP 4-hour TL currently at 5280, so if that happens, next week's WS3 would need to be hit.

The market is also at some extreme levels, which might suggest we had a DOWN weekly TL head fake. It is at the top of the SD channel, bottom of the weekly cloud, with a doji formed in the vicinity. Yep, things look volatile. It will be an exciting week coming up.
 
Manohar Sir I hope my this post finds u in good health

Respected Sir i have a small question
As we are actively following Brazil Market and our charts are 90%-95% same last year they made feb lows we made the same the broke the lows same we did now they are trading at a very high range like nifty is at 6mth high but brazil is at more than that and wrt brazil charts 50EMa have crossed 200EMa i read some where that this crossover leads to a starting of a bull driven market
see the charts


now my question is are we into a kind of bull market and we should expect a lvl of 6300+ very soon or what we are seeing is just a timepass rally as the volume is very high every day fiis are buying and buying but diis are opp so i think calling a timepass rally would be wrong
as per my research i feel a 3weks consolidation within 5170-5500 is expected and nifty (spot) should remain in the given range
i feel your levels are not only basd on technical studies but also involve some astrological studies also any way its just my feeling
if tomorrow we open around 40-60 points Gap Down which i feel could happen so should we risk of buying in that dip or can we see a 2-2.5 percent of bloodbath and please can u give the lvl where below/above should we sell or buy tomorrow after market opens because we are certainly going to see a Gap down so the lvls which u gave will not prove to be that helpful as live market which will show

Thanks in advance i hope i did not bother u in any way
Thank you, i am fine and doing very well and back to normal. As regards to your comparison with Brazil and our market a good work but i never did it before.
Our market.... as of now is on a strong up trend no denial but there can be bout of small corrections here and there which might happen at any time and in any bull market. Technically one have to identify what is the probable retracement levels ...up to what extent the correction can be treated as pull back in a up trending market accordingly Nifty on a longer time freame have to defend around 5100 level till then this up trend is intact.
There are different type of traders with different time frame in mind that is why the the shorter levels are given at present if any one the small time frame say like 3days they have to keep sl at 5270.
Have gr8 trading week.
 
Paul,

I am trading full time for more than 10 years, but I am using DeMark for over 8 years for my position trades. So I entered in this business a little earlier than you did....and that makes me a bit more senior chronologically atleast...:D

ST
Using Demark for 8 years...thats awesome...would it be possible to post backtested results for Sequential/Combo for NF Daily...
 

LivetoTrade

Well-Known Member
Dear Vinzz Weekly Spot Nifty levels
R3-5577 R2-5476 R1-5425 PIVOT-5375 S1-5324 S2-5274 S3-5173

Monday watch 5325 for break down and 5415 for break-out i expect some mild pull back Max.up to 5270 and worst case scenario 5170 below this some serious correction underway ...but there is no sign of bigger correction yet... expecting market to consolidate in a rage before break out to make new high around mid March as long spot nifty holds 5170.
Manohar, have we got the break-out as per your view???
 
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