NIFTY 50 future TRENDS

[sudoku1]

USDINR-USD Crosses 55 level-Historic High

 

[manoharpillai]

As per me we will go through a small range bound week
Seniors pl give your opinions.

Thanks.

Yes this small range process will eat up out of money put/call options premium, every 3rd week in a month goes in to sideways.
I do expect Spot could well trade in this range of 4780-4980

 

[timepass]

Yes this small range process will eat up out of money put/call options premium, every 3rd week in a month goes in to sideways.
I do expect Spot could well trade in this range of 4780-4980

It is already soft of sideways since last 7 sessions :

 

[manoharpillai]

TL Break out on the up side unless spot drop below 4860 this trend could continue next target 4970-5030.
22-05-12 PIVOT LEVELS
R2-4960- R1-4933
PIVOT-4910
S1-4883 S2-4860

 

[sanjosedesi]

Wow, Nasdaq up 2.46%, Dow up 1.09%, S&P up 1.60% !

What is in store for us? At least 25 points pop, although a commensurate number will be 50+ points.

 

[manoharpillai]

I mentioned earlier that Dow chart is clearly broken down heading towards 12300/12100 levels Europe also will join the selling party 5 to 7 % correction is expected. Our market has started to correct earlier than these markets may be the fall can be smaller comparably,
i don't see any major rally at least in this Month.

Above post dated 15th May and Dow corrected and made low of 12336 from 12900 levels this is only a dead bounce for a day or two, Again will starts its downward journey ... the same applicable to our market this bounce may lost for a day or two. Nifty total trend reversal comes at around 5180 have to trade above this for minimum 2 days.

 

[manoharpillai]

Spot nifty intra day levels

4932-4950-4967-4985-5003
4917.52
4900.00
4884-4867-4850-4832-4815
any up move will face stiff res. At 4967 beyond this spot will try to hit 5000+ provided 4860 spot to hold

 

[anup0212]

Above post dated 15th May and Dow corrected and made low of 12336 from 12900 levels this is only a dead bounce for a day or two, Again will starts its downward journey ... the same applicable to our market this bounce may lost for a day or two. Nifty total trend reversal comes at around 5180 have to trade above this for minimum 2 days.

Mano ji I did not get this last line "Nifty total trend reversal comes at around 5180 have to trade above this for minimum 2 days"...do you mean to say 5180 or 5080 ? please explain.

 

[EagleOne]

Dhano bhage gi aaj. Dow seems planning to move upto 4-500 points in coming sessions... However, I am banking on FTSE and DAX to bring the bulls down! Insha- allah!!! :lol:

 

[manoharpillai]

Mano ji I did not get this last line "Nifty total trend reversal comes at around 5180 have to trade above this for minimum 2 days"...do you mean to say 5180 or 5080 ? please explain.

Nifty is now in a down trend there bound to be inter mediate bounce .. that is what we are witnessing now. This on going down trend to change in to up trend Spot nifty have to cross 5180 and trade above this for few days and that gives us signal to calculate upper level.
Till then find correct level to short.
Dow this move could take it to 12700/12750 levels