NIFTY 50 future TRENDS

[EagleOne]

@Stocksnanban
You would be surprised to know that all the adverse things you mentioned in your post happen because we expect them to on a deeper mental level...google you may find the clue.

@ST

ST bhai, very true what you say about cyclic nature of markets. But I respectfully would disagree with that 'play for small profits' advice. In sideways markets, the R:R ratio effectively becomes narrow - even negative sometimes over the time - for most intra-day traders. Not forgetting that the stress level goes up, negating the next advice of staying psychologically healthy when trendy times come. I personally subscribe to what professional traders all over the world advice: Stay in cash. That is, preserve your capital - and your health - by staying out and waiting for waters to get clear.


All right guys, got to go. Had a nice time. Good night

 

[manoharpillai]

Nearly 2 months side ways market made traders restless for sure... when it is said the good strategy is wait and watch during this kind of market..
some one said it's difficult to do nothing as a trader....
fine can be good idea to do day trading for 20-30 points ... TL... MA's all are in closer range ... when market give sudden break out/break down surprise .. 90% of the retail crowed always miss the bus..

 

[timepass]

Arrey, TP bhai, you live in Modi Land. A dry state. Be an indian Al Capone and start bootlegging. Money, women, 5 star life style...man, you would be the toast of the diamond city!

I knew it.. I always knew that you would do/suggest anything to get rid of me

 

[timepass]

Some funny laws of nature

Reminds me of Murphy's Laws :

1. If anything can go wrong, it will.
2. Expenses will expand to fill the available funds.
3. Work will expand to meet the time available.

..... something like that.

 

[timepass]

But dont get tossed around in sideways markets, play this phase for making small profits.....the real big profits will soon follow....but you must stay healthy and alert psychologically and financially so that when the trend starts, you pounce on it and make most from that trend.

Smart_trade

You mean, it hasn't started yet ??

 

[TheDreamer]

You mean, it hasn't started yet ??

yeah... a trend is there... sideways...

 

[sanjosedesi]

After period of strong trends, there is always a listless sideways market....and after the listless sideways activity , then comes gallopping / crashing market trends. These sequences are absolutely predictable and they repeat years after years.....

I remember this January when halfway through the 1000 point rise, we were gasping for breath and expecting the trend to end the next day. If not all, many were. Same here ... the market tires you .... when you start believing this phase (sideways or trend) should end, it does not, and when it does end ... you are late to react. However, taking a call in the direction of the price action with a strict stop loss ... does not usually hurt.

 

[manoharpillai]

Major Resistance Levels (Trend Reversal Possible)
Res 1 Res 2 Res 3
5333.87 5630.00 5934.13
Major Support Levels (Trend Reversal Possible)
Sup 1 Sup 2 Sup 3
5130.00 4847.53 4573.06
Swing(Short Term) Resistance and Support Levels - Intermediate Targets
Sr. Resistance Support
1 5224.13 5201.75
2 5260.33 5165.75
3 5296.66 5129.88
4 5333.11 5094.13
5 5369.69 5058.50
6 5406.39 5023.00
7 5443.22 4987.63
8 5480.17 4952.38
Tl Res. around 5290 / and major up side trend reversal at 5333
for the down side 5130 and 5058
Tl broken on 23th Apl. still trading bellow it watch out 5290 levels

 

[timepass]

I remember this January when halfway through the 1000 point rise, we were gasping for breath and expecting the trend to end the next day. If not all, many were. Same here ... the market tires you .... when you start believing this phase (sideways or trend) should end, it does not, and when it does end ... you are late to react. However, taking a call in the direction of the price action with a strict stop loss ... does not usually hurt.

That's a good case for following 315 too, despite the whipsaws - it's trades in the direction of the price trend with stop losses.

 

[sanjosedesi]

That's a good case for following 315 too, despite the whipsaws - it's trades in the direction of the price trend with stop losses.

315 is pretty much price action ... at least the 3 part of it. Yup.