NIFTY 50 future TRENDS

[anilnegi]

how about this ?.....just learning to read charts and draw TLs.......any corrections /suggestions are welcome.

i think the lower trendline should be drawn from 4536 (lowest point),

PS: i am not a expert chartist.

 

[tomjerry]

Guys!...what was the news/fundamental problem for market crash...is it CAG report on Coal Mining licences....?...also Crude Oil crashed today...Europe too deep in the red..??...

Somebody missed to Prepare!

PREPARATION before placing the trade on Daily basis:

2. Check economic calender here and note the times when important news can affect my market. Also US markets Open times.
http://www.forexfactory.com/calendar.php

Kamlesh

Following was the reason:

Germany PMI data triggered quick sell off in commodities and europe stocks!

 

[manoharpillai]

maohar ji

is this correct charting and pivot level

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This is Fibonacci calculation and it is correct. Watch out resent low 5171 anything below this the equations changes lets wait and see as the day progress avoid aggressive trading position. For any reason 5171 breaks convincingly 5112 and 5080 are the levels.

 

[rajasree1]

Spot 5203 is to be watched for today.

 

[RAAMAKANT]

 

[manoharpillai]

Long 5238 spot 5250 Fut.with SL 5200 will add one more lot mini nifty sustains above 5275

 

[trdstudent]

Long 5238 spot 5250 Fut.with SL 5200 will add one more lot mini nifty sustains above 5275

Mano-ji it can not sustain above 5275.So we can go short now?

 

[manoharpillai]

Mano-ji it can not sustain above 5275.So we can go short now?

The question comes only when it reach 5275 have to wait and see..
sustains above 5275 we can see 5320 today

 

[trdstudent]

The question comes only when it reach 5275 have to wait and see..
sustains above 5275 we can see 5320 today

Mano-ji shorted at 5322.I have 5500CE around Rs5.Is it ok??

 

[rajav]

Thanks manohar. I reversed the position around 5317. Hope to close it by 5270.

Any suggestions?