NIFTY 50 future TRENDS

[timepass]

NF trend DOWN


tgt > 4777

Bulls, don't be discouraged by Sudoku's calls. Nifty may decide to behave like this guy from Egypt.

 

[rajasree1]

A confluence of my SR and CS target .
Will we get it tomorrow?
Monohar Sir pl comment if your time permits.
I want to learn it.(Idealism or realism)!

Thanks.

 

[4209211]

i feel today many people might have hedged their position on cash segment while future trading was restrained heard from people that this may lead to a shortcovering rally of around 4% from current lvls in a small period of time
not sure because i am also shot on mkt

 

[manoharpillai]

i feel today many people might have hedged their position on cash segment while future trading was restrained heard from people that this may lead to a shortcovering rally of around 4% from current lvls in a small period of time
not sure because i am also shot on mkt

This message Ref. to chart of rajasree1
and 4209211 your observation about market internals
The world market is in for sell off mode DOW chart is clear break down and Europe too i expect minimum of 5-7% erosion in these Markets.
As for as our market is concern 4800 and 16000 sensex physiological support Any adverse news flows will trigger further panic sell off be ready for that too
Reversal Resistance levels Nifty 4980 /5050/5180 till this levels are in place the down side is open
One step at a time approach.. let us see tomorrow Nifty trade above 4900 or not 4870/4840 could offer support and on the up side have to get through above 4920 this i mentioned during today's intra day trading.

 

[ajshare108]

Market is in oversold position and hope it will recover in comming days probably from tomorrow.

 

[4209211]

as per me some important lvls

NFut
sell below 4860 tgt 4840-4825
buy above 4915 tgt 4940-4954


BNFut
sell below 9125-9075 tgt 8992-8850
buy above 9250-80 tgt 9360-9400-9480

should book some of profits before first tgt if holding shot from today expecting a bounceback from these lvls let see what happnes but if Nfut trades below 4830 for 5 min then see free fall or else will just grind low as usual


will also try to update sbin lvls in some time

 

[4209211]

Dow closes 125.25 down ,Nasdaq Composite 31.24 ,S&P 500 Down 15.04 points,Gold @1557.7 crude at 111.05 & 94.17 $ index @80.65 & E\U@ 1.2835

 

[sanjosedesi]

Market is in oversold position and hope it will recover in comming days probably from tomorrow.

check how long was market in oversold condition in 2008 ! (i have not, just a thought). i do not believe in pure techno-trading and we need to take clues from the world as they can tell turning points better than the technicals in such extreme conditions. At this time, watch for #1 greece, and #2-#99 our politicians.

 

[sanjosedesi]

This message Ref. to chart of rajasree1
and 4209211 your observation about market internals
The world market is in for sell off mode DOW chart is clear break down and Europe too i expect minimum of 5-7% erosion in these Markets.
As for as our market is concern 4800 and 16000 sensex physiological support Any adverse news flows will trigger further panic sell off be ready for that too
Reversal Resistance levels Nifty 4980 /5050/5180 till this levels are in place the down side is open
One step at a time approach.. let us see tomorrow Nifty trade above 4900 or not 4870/4840 could offer support and on the up side have to get through above 4920 this i mentioned during today's intra day trading.

Manohar ji, about a month back (or more), you were talking about Elliot waves. From my limited knowledge and from what I see, the wave 4 has been so deep that the whole 1-2-3-4 is invalidated. Is that right? Is it possible we are in a downwards wave (of course)? How will you apply Elliot to current market?

 

[manoharpillai]

Manohar ji, about a month back (or more), you were talking about Elliot waves. From my limited knowledge and from what I see, the wave 4 has been so deep that the whole 1-2-3-4 is invalidated. Is that right? Is it possible we are in a downwards wave (of course)? How will you apply Elliot to current market?

Yes it is extending price vice also time vice.. the EW valued till spot nifty holds 4805. Besides Wave 4 created unprecedented range bound and that makes doubt for this count to sustain finally we have to see whether the rule NO 3 Wave IV should not overlap Wave III which is at 4805.

Today's intra day Spot Nifty levels
4932-4954-4967
4917> Up Trend
4900>Down Trend
4884-4867- 4850