NIFTY 50 future TRENDS

[piyush08]

Flash crash chart - http://www.traderji.com/equities/68...ed-data-during-market-hours-2.html#post670182

 

[tomjerry]

Flash crash chart - http://www.traderji.com/equities/68...ed-data-during-market-hours-2.html#post670182

Piyush, Thanks for the chart. Can you please provide tick data for Nifty Future from 1:30pm to 3pm in CSV or Excel file and upload it in www.thexyz.net website then copy paste the Forum link of that file here!

 

[manoharpillai]

WEEKLY SPOT NIFTY RES/SUP
R3-5507 R2-5429 R1-5359 PIVOT-5272 S1-5202 S2-5115 S3-5036

GOT STUCK IN 200 POINT TRADING RANGE IN 24 TRADING SESSIONS

THERE CAN BE MANY REASONS/NEWS FLOWS TO DRIVE THE MARKET
TA... DOES IT'S JOB......
FOR THE COMING WEEK.. 5336 (50 SMA) BREAK OUT AND 5272 BREAK DOWN AND THE SUP. AT 5138 200 DAY EMA..

 

[timepass]

Also, a point to be noted - we are in a bearish phase as per 20 crossover 50. It's a very lagging signal, agreed, but whatever works in a sideways market

 

[manoharpillai]

Nifty 3 years chart shows triangle break out on 2nd Feb. 2012 at 5220 and then made high of 5620 on 22-02-12 after that the down slide TL support is defending till now ... at present this TL support is around 5030 for any reason this level gets broken probably we may see huge down move then on.

A green arrow marked at the bottom corner shows the gap up and the upper freeze after the 2009 Election Result i heard from different sources that this Gap around 3800 is due to be filled ...!!.... personally i am not too sure about this

If any rally on break out of 5500 nifty may face Res. at the marked earlier peeks at 5750..5950..6150 all aprox. round figure of peek levels.

 

[rajasree1]

Nifty 3 years chart shows triangle break out on 2nd Feb. 2012 at 5220 and then made high of 5620 on 22-02-12 after that the down slide TL support is defending till now ... at present this TL support is around 5030 for any reason this level gets broken probably we may see huge down move then on.

A green arrow marked at the bottom corner shows the gap up and the upper freeze after the 2009 Election Result i heard from different sources that this Gap around 3800 is due to be filled ...!!.... personally i am not too sure about this

If any rally on break out of 5500 nifty may face Res. at the marked earlier peeks at 5750..5950..6150 all aprox. round figure of peek levels.

Is the market moving as per "FAN LINE" rules ?
Red lines I have marked as fan lines. I am not sure abt that. If it is the probability we can see 5065-5071 on closing basis in near term . If the rule is violated " a correction of this type will go on to make another dip to a new low for the whole corrective move before prices really start to round up again"- (Technical Analysis of Stock Trends by R D Edwards,J Magee and W H C Bassetti.)
Seniors please comment abt my confusion.
Thanks.

Manohar Sir,

Thanks for such analysis. I was wrong regarding time of occurance.

 

[manoharpillai]

Manohar Sir,

Thanks for such analysis. I was wrong regarding time of occurance.

Break down of TL at 5030 are we heading towards TL support at 4630 thus make it 1000/1000 in 4 months... thought for the day..
will post final and concluding chart for the present trend later
I may not be available for a week take care wishes for safe trade..

 

[rajasree1]

Manohar Sir,
My target for next week is 5446.
Is the approach is correct to some extent?

Thanks.

 

[rahul701]

Something cooking , really really cooking strong flavored. We are about to to see a sudden shootouts in Nifty "VERY VERY SHORTLY" -> On the SHORT SIDE............

Get ready for some real real fun in SHORT moment.

And by the way i really love SHORTING as well as LONGING

 

[manoharpillai]

This Chart could give some clarity on Probable medium term trend and the TL levels to watch out for ..
sup..around 5050… and Res. at ..5500 Levels showed in the chart
breakdown/ breakout of these levels will take it to the next stage as per the levels in the chart...
Happy trading and enjoy your week end will come back by 1st week of May till then bye...