NIFTY 50 future TRENDS

[EagleOne]

Ref. to any chart after side ways market's/stock's the break out's most often than not surprises.... because of this sudden change of events physiologically upsets the mind set of most the traders who are glued to screen and fixed their mind with certain range of price moment so they cut their positions early with meager profits and then try and catch at wrong end
The 300+ points may come as surprise when many of us are not expecting it (i am not saying it will happen tomorrow)

Fully agree, mano bhai. Market is at a decision point. However, there are always some tell tale signs that give clue to eventual mark up/down. Despite my almost certain bearish bias, I am quite reluctant to put my money in shorts as I am getting confusing signals on my watch. I have been tracking some nifty fifty's constituents. Some of them are showing clear signs of dried demand, some are opposite. When will this balancing act tilt, which way - or what will trigger the tilt - is hard to say. All I hope is, I should be there at the start when it does.

Good night, guys

 

[timepass]

Possibly Nifty already made its low confirmation to this positive move comes at spot nifty 5262 and 5310 ....and just one level for the down side that is 5170 ... all levels are closing basis ... either we will see 5310 or 5110 that is the next move according to me
please remember most of the break out or break down move always surprise the traders that means huge gap ups and downs after some dull moves... be prepared for either side 300 points move this month..
my expectation is on the up side towards 5500 can be from 5150 or 5050 i don't know

I think the movement will be on both the sides, as with any series which is longer than a calendar month. Plenty of money for the options players.

 

[manoharpillai]

Fully agree, mano bhai. Market is at a decision point. However, there are always some tell tale signs that give clue to eventual mark up/down. Despite my almost certain bearish bias, I am quite reluctant to put my money in shorts as I am getting confusing signals on my watch. I have been tracking some nifty fifty's constituents. Some of them are showing clear signs of dried demand, some are opposite. When will this balancing act tilt, which way - or what will trigger the tilt - is hard to say. All I hope is, I should be there at the start when it does.

Good night, guys

Spot 5170 closing and that is it...to trigger shorts for targets of 5110-5050 yet the down side is pretty limited as of now please check we have never closed below 5170 spot though intra day low was 5136 on 29-3-12

 

[tomjerry]

In last 30 minutes, the USD has crashed about 70 pips against EUR... any particular reason ?? Any news ?

7:30pm IST(10am NY time) ISM Manufacturing PMI data (http://www.forexfactory.com/) was released which was best than expected, which caused sudden rise in US Dollar Index and US stock market.

 

[tomjerry]

I think the movement will be on both the sides, as with any series which is longer than a calendar month. Plenty of money for the options players.

TP, If Nifty is not moving then we have FTSE to trade from May 3.

 

[EagleOne]

TP, If Nifty is not moving then we have FTSE to trade from May 3.

Say that again? Really!!!
Oh thank you TJ for the good news!
Bye bye desi Nifty! Hello my blue-eyed, English rose, Miss Footsee!

 

[sanjosedesi]

Say that again? Really!!!
Oh thank you TJ for the good news!
Bye bye desi Nifty! Hello my blue-eyed, English rose, Miss Footsee!

E1 bhai, how does footsee make a difference, charts being charts? Are you also a perma-bull who likes to go only long and this gives you one more scrip to expect a long on? (if not this, then that ... but long ... model)

 

[timepass]

TP, If Nifty is not moving then we have FTSE to trade from May 3.

Yes, read that news. But intraday, it is likely to move with Nifty, as with Dow futures traded on NSE.

 

[manoharpillai]

Spot Nifty Intra day levels

5271.75 5289.92 5308.11 5326.34 5344.59
5256.25>>UP
5238.14>>Down
5222.67 5204.62 5186.59 5168.60 5150.64

 

[EagleOne]

E1 bhai, how does footsee make a difference, charts being charts? Are you also a perma-bull who likes to go only long and this gives you one more scrip to expect a long on? (if not this, then that ... but long ... model)

Agreed. Charts being charts. Indices being indices...women being women...I like english, not desi...Personal preferences, understand, Mr. SJ Desi? :lol:


(Who says FTSE is worth going long? Wait till she wears my shorts! )