NIFTY 50 future TRENDS

[timepass]

4209211, I'm posting this chart just to show you don't need anything too extravagant to spot trading opportunities. This is a chart I got off of Yahoo. It has no indicators on it, but it does make a point with regard to a previous conversation, and a point I have made several times.

Look to the far west. Notice the very mini 1-2-3 that was formed. Notice where it was formed. It was formed at the bottom of a downtrend. I don't need to say much about what happened after it was broken.

Let's bring it up to date and even a live simulation. The 1-2-3 at the top of the uptrend has been formed and broken. We have talked about how 1>2 is equal to 2>dip.Within the context of pure price action (Another term is called trading naked.), 16500 is on the radar.

hmm... let's see what "Timing The Markets" guys have to say about this. What timeline would you put on this ? Next 10 sessions ??

 

[4xpipcounter]

...................

 

[DanPickUp]

Hi

http://s18.postimage.org/6o9k0m4rd/image.gif

Money Management now is the next step after such a chart. Paul: May I ask you about your MM when entering on such charts?

DanPickUp

 

[rkgoyal_98]

4209211, I'm posting this chart just to show you don't need anything too extravagant to spot trading opportunities. This is a chart I got off of Yahoo. It has no indicators on it, but it does make a point with regard to a previous conversation, and a point I have made several times.

Look to the far west. Notice the very mini 1-2-3 that was formed. Notice where it was formed. It was formed at the bottom of a downtrend. I don't need to say much about what happened after it was broken.

Let's bring it up to date and even a live simulation. The 1-2-3 at the top of the uptrend has been formed and broken. We have talked about how 1>2 is equal to 2>dip.Within the context of pure price action (Another term is called trading naked.), 16500 is on the radar.

image hosting

But that does not fall in line with your Nifty review. As we know Sensex and Nifty both move in the same direction and if sensex has to hit 16500 then Nifty will be 5000-50 or so
in That case we shall also have bearish 1-2-3 on Nifty
Regards

 

[timepass]

But that does not fall in line with your Nifty review. As we know Sensex and Nifty both move in the same direction and if sensex has to hit 16500 then Nifty will be 5000-50 or so
in That case we shall also have bearish 1-2-3 on Nifty
Regards

He has not yet defined a time frame for 16500. For his weeklies, he does have 5134.73 as the bottom, let's say about 16800 for sensex.

I've got some weekly S&R's served piping hot right off the Nifty grill:


Nifty 5599.27 5493.92 5430.46 5303.54 5240.08 5134.73

 

[4xpipcounter]

I could be in left field on this one, but I'm going to make an educated guess and say March 26.

I'm making that guess just because I want to see if time can be measured the same way price can.

hmm... let's see what "Timing The Markets" guys have to say about this. What timeline would you put on this ? Next 10 sessions ??

 

[timepass]

I could be in left field on this one, but I'm going to make an educated guess and say March 26.

I'm making that guess just because I want to see if time can be measured the same way price can.

:thumb: :thumb:

I think the odds are against you for a serious downside in March. Let's see.. bookmarking this post for future reference.

 

[4xpipcounter]

Dan, right now the SL would be a couple of points on the other side of the peak. Once the newest dip has been broken, then lower the SL to the 1st swing high.

Hi

http://s18.postimage.org/6o9k0m4rd/image.gif

Money Management now is the next step after such a chart. Paul: May I ask you about your MM when entering on such charts?

DanPickUp

 

[Smart_trade]

4209211, I'm posting this chart just to show you don't need anything too extravagant to spot trading opportunities. This is a chart I got off of Yahoo. It has no indicators on it, but it does make a point with regard to a previous conversation, and a point I have made several times.

Look to the far west. Notice the very mini 1-2-3 that was formed. Notice where it was formed. It was formed at the bottom of a downtrend. I don't need to say much about what happened after it was broken.

Let's bring it up to date and even a live simulation. The 1-2-3 at the top of the uptrend has been formed and broken. We have talked about how 1>2 is equal to 2>dip.Within the context of pure price action (Another term is called trading naked.), 16500 is on the radar.

image hosting

In your chart the 1-2-3 at the right hand side, if the market closes above the horizontal line drawn from the valley low ( from your chart it looks that it has just closed above ) then there is a strong possibility that the downmove has ended and the trend has reversed to up atleast for the time being.

Smart_trade

 

[4xpipcounter]

RK, it means one of 2 things:
1. Sensex continues its pattern, while Nifty enters a move consolidative move.
2. I'm wrong on one or the other.

Still, by virtue of being human, I'm entitled to an occasional trip to #2, but it is a case in point of evaluating each chart as a separate entity.

BTW, it is not out of the question to see a volatile weekly TL break, which means, even though the TL contained, and it should for a move higher, but then it may not. A facsimile happened to the EUR/USD last week.

If that does happen, I'll be ready to improvise my views concerning Nifty. Until then, I will stand by both views.

But that does not fall in line with your Nifty review. As we know Sensex and Nifty both move in the same direction and if sensex has to hit 16500 then Nifty will be 5000-50 or so
in That case we shall also have bearish 1-2-3 on Nifty
Regards