NIFTY 50 future TRENDS

[timepass]

Oil cos may cut petrol rates by Rs 4 a litre

 

[THETRADER]

Mr Manoharpillai's reference to his post elsewhere, is not just interesting. It is like a Bible for the traders, and, must read for every trader.

 

[manoharpillai]

Nifty weekly TL SUP. at 4990 any close above this (Most certainly will close above) Nifty will close above the falling trend line 3rd consecutive week... and at the same time there is rising TL forming on Friday Spot nifty close above 5205 gives signal of this up trend is intact
THIS IS EOD YESTERDAY'S CHART

 

[manoharpillai]

Tomorrow F&O expiry Day Today's close at 5141 and Low made at 5129 Breach of this level could lead to 5106-5093-5082.... High Made at 5160 break out of this level will take it to 5174-5190-5205 Tomorrows Pivot at 5143.. My expectation is 30/40 points up down range from today's close
Still Spot Nifty is out of raising wedge which got broken on 26th have to go above 5180/5190 and close till then the down targets are on ..5095 giving sup.

Starting of New series 5220/5270 not touched and 5090 fail to hold
expected minimum down side is 4930 .
Very soon 200/300 points move is on the cards
will post chart later ..

EOD chart was delayed today

 

[Rish]

nifty just have to move 1.1 percent and stay above it and we will find the answers very soon and i feel tomorrow is the keymost of the european markets are up by 1.5 percent nearly .

Today Europe is up, tomorrow is another story Euro is already getting the jitters ahead of that meeting.[/QUOTE]

Nifty may react tomorrow against Europe's today UP Trend, i feel. Let us see.

Europe and Dow already has given sell alert last week, let us watch.

 

[manoharpillai]

5190-5090 Range
all of us stand on roof top and shout together along with all those Business Chanel annalist and Newspaper reports nothing going to change...
All trying best to predict where the market likely to go 4900 or 5300 first let the above said range to break.
As long spot trade below 5190 down side is wide open 5090 is giving sup.now even that breaks there are number of support areas every 20/30 points down the line but it will be weak sign below 5090.. happy trading on the final day of the series..

 

[manoharpillai]

SPOT NIFTY TODAY'S LEVEL..
5,205-5,189-5,174-5,166-5,157
Pivot-5143
5,135.00-5,126-5,119-5,112-5,096

 

[josh1]

I prefer the KISS principal. (Keep It Simple Stupid)

 

[salilpoo]

Looks like another yesterday !!!!
Koi tau dhakkaa do ... upar ya neeechee ....

 

[manoharpillai]

nifty fut.weak only below 5142
bnf strong above 1035 further weakness below 9990