NIFTY 50 future TRENDS

[rahul701]

Nifty Future: 5375 about to trip badly

 

[trdstudent]

Resistance: 5383.89 5402.25 5420.64 5439.06 5457.52
MIDPOINT: 5347
Support: 5329.00 5310.77 5292.56 5274.39 5256.25

I closed all my positional Long will wait to go long only above 5380

Thnx Mano ji and gdmrning

 

[trdstudent]

option data on 5400 spot looks 50/50

 

[manoharpillai]

Spot 5347 break down and 5372 break out intra day levels..
fail to move above 5370 nifty may be forming trading range of 200 points 5170-5370

 

[timepass]

Reliance has started slipping down slowly after peaking out at 762. Are we in the final stage of upmove ?

 

[darshanshukla]

TP
it may be for intraday but looking to indicators and data it is not seems to be last stage of up move.. it may be halt for a while were changing of hands will be done (old passengers drop down and new will ride the bus soon...)
lets see..
happy trading ahead

Reliance has started slipping down slowly after peaking out at 762. Are we in the final stage of upmove ?

 

[tomjerry]

If VIX closes around this level of 20 then it is the lowest close since August 4, 2011 (USA AAA rating downgrade day)!

 

[trdstudent]

is it time to brkout ??

 

[tomjerry]

is it time to brkout ??

so far trending in a channel for intraday. NF 10min. intraday chart:

 

[darshanshukla]

Yes TJ its very true,
but upward wedging channel gives breakout downside in 72% cases
(as per encyclopedia of chart patterns)
Happy trading
Darshan

so far trending in a channel for intraday. NF 10min. intraday chart: