NIFTY 50 future TRENDS

[manoharpillai]

All down target hit next 5292 if sustain below 5315

Sorry only S2-5338 completed 5315 is intermediate support (Holding till now)and S3-is @5292
overall market looks week as of now... above 5338 might bring in some green tick. Clarification: 5444 not EMA it is SMA

 

[4xpipcounter]

Mano, I just thought it was kind of funny. It seems like our forecasts are having a fistfight with each other. It's like different wording but still yielding the same basic result.

I do enjoy reading your report. Good up the good work!

Sorry only S2-5338 completed 5315 is intermediate support (Holding till now)and S3-is @5292
overall market looks week as of now... above 5338 might bring in some green tick. Clarification: 5444 not EMA it is SMA

 

[anayash]

An apex is not just 2 happy TL's crossing. It comes fully equipped with all the bells and whistles, it is saying sell and don't ask questions. Notice very little pullback after the apex was hit.
Notice the top of the cloud. Once price gets there, this will not be a normal hit on the cloud. There is going to be a looooong (I wanted to make sure everyone understood.) candle taking the top out. We know that is now going to happen, because we have to have another leg on the DOWN because the TL has already been corrected. It's going to rip the top out because the swing low on the correction happens to be on top of the cloud.

This is good stuff!!

Good stuff but didn't get you totally! You mean that this down leg will take us to 5224...that means candles will be inside the cloud!

After that...the next leg up will take out the top of the cloud with a long green candle?

 

[4xpipcounter]

Anayash, why don't I just give you my charts and let you take over--lol?

At this point, the question is which bottom of the cloud are you talking about? The span B has more curves than a snake on a back country road. The week has to finish at 5256 or above in order for the weekly TL to contain.

Unless I'm missing something, which means you'd have to see something I don't, I don't see why there has to be a strong move off the bottom of the cloud. After the leg is completed after the swing low is broken, I see possibilities of the market heading east.

But, yes, we will see the candle finish inside the cloud when the week is out.

Good stuff but didn't get you totally! You mean that this down leg will take us to 5224...that means candles will be inside the cloud!

After that...the next leg up will take out the top of the cloud with a long green candle?

 

[manoharpillai]

Mano, I just thought it was kind of funny. It seems like our forecasts are having a fistfight with each other. It's like different wording but still yielding the same basic result.

I do enjoy reading your report. Good up the good work!

Thanks Paul.. i always wonder we interpret with different technical reading yet as you said it the result are almost same finally as long as it helps some one we are happy that is the ultimate goal

 

[4xpipcounter]

We share the same views along those lines, Mano. I feel your passion. That's why I like sharing my views, then just getting out of the way and reading yours.

BTW, that was something I noticed very early in my trading career. I would always ask, "How can you take 5 different successful forecasters-traders with 5 complete different ways of looking at the markets, yet yield the same basic result. Later, the answer came, and it also helped me to see clearly that a methodology is not right or wrong for anyone, but what is right or wrong from an individual perspective. They will yield the same basic result.

I know we agree along these lines, and that is both of us feel we have the best methodology. No one even comes close.
But, I betcha if I took mine and through it in the garbage can (Don't get your hopes up--lol.), and you did the same to yours (I'm not getting my hopes up either.), then we traded with each other's method, we would for sure mess everything up.

Thanks Paul.. i always wonder we interpret with different technical reading yet as you said it the result are almost same finally as long as it helps some one we are happy that is the ultimate goal

 

[anayash]

Anayash, why don't I just give you my charts and let you take over--lol?

At this point, the question is which bottom of the cloud are you talking about? The span B has more curves than a snake on a back country road. The week has to finish at 5256 or above in order for the weekly TL to contain.

Unless I'm missing something, which means you'd have to see something I don't, I don't see why there has to be a strong move off the bottom of the cloud. After the leg is completed after the swing low is broken, I see possibilities of the market heading east.

But, yes, we will see the candle finish inside the cloud when the week is out.

Oh sorry....interpreted your statements incorrectly! Now the picture is clear! Ignore whatever I've said in the last post!

 

[manoharpillai]

5315 spot taken out next 5292 market unable to sustain upper levels

 

[manoharpillai]

5315 spot taken out next 5292 market unable to sustain upper levels

3Hrs. Nifty moving in a range (sideways) 5320-5340 either 5315 have to be broken or 5340 have to be taken out convincingly till then we are at no trade zone.

 

[gauharjk]

Nifty trading below 5315 from the past 15 minutes... Shall we consider the spot as taken out..??