NIFTY 50 future TRENDS

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vinzz

New Member
#7,011
#7,011
> this is 2nd time in this uptrend nifty has closed below previous two days low, > the earlier one when nifty closed around 5087, what happened after that
> everybody knows.



pls share what is your observation after nifty closes
below previous two days low

thanks
eml 'den mark'
to vcsons@g
 
4

4xpipcounter

Well-Known Member
#7,016
#7,016
Well, well, feeling quite chipper as I am back from break.
Okay, enough of that. You can see that cluster event that awaits the pair between the WS2, kijun and the TL. The break of the 5401 level Feb. 7th, (Read my analysis from that date took us to the top of the weekly cloud. We got the reversal from that point, and now the 4-hour TL will be hit. We will see a break of the TL that will drive the pair further south to circa 5330. This move looks corrective, unlike the original conjecture that the UP looked corrective.
My weeklies and a further update will be out this weekend.



adult image hosting
 
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sanjosedesi

Well-Known Member
#7,017
#7,017
More fireworks tomorrow?

Citigroup to Exit Indias HDFC

Citigroup Inc. (C) will sell its entire stake in Housing Development Finance Corp., Indias largest mortgage lender, for as much as 102 billion rupees ($2.1 billion), a term sheet obtained by Bloomberg News showed.

The bank is offering 145.3 million shares at between 630 rupees and 703.55 rupees apiece, as much as 10.45 percent on its closing price in Mumbai today, the document showed. The stake represents its remaining holding of 9.9 percent in HDFC.
 
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manoharpillai

Well-Known Member
#7,018
#7,018
manoharpillai said:
Nearly 20 trading days, today spot Nifty closed below daily Pivot level which is at 5540 for tomorrow, spot had tested 5630 which close to weekly R1-5651 and reversed and closed at weekly Pivot 5501 so my expectation is if Spot Nifty fail to move above Tomorrow Pivot 5540 possibility to drift down close to 5400.
Click to expand...
Skipped Trading today.... Looking at the data Spot made high at 5537 low 5460
Nifty have to trade above 5526 to bring back bullishness fail to move above this level eventually drag spot Nifty to 5449-5416-5339
 
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