NIFTY 50 future TRENDS

[prada]

The crucial question is what happens next after the spot test of 5080. The top for the market has come down substantially from 5260 to 5185. The final target for the current leg down is 4955. Sell levels on minor bounce back would be 5145-5185. Move to 5185 looks unlikely in the current scenario. I still maintain that the overall trend remains down and maintain my conservative target of 4300 in the medium term( one can see my previous posts for explanation).
That's it for now!
Have a fantastic day!

Nifty(cmp-5121) Spot test of 5080 is still pending in the current down move. This should be seen in a few sessions. Near term top is in place at 5260. 5170 spot could act as stiff resistance. A move above it could expose 5260. Whichever way we look at it, overall trend remains down.

 

[trdstudent]

Constructing a Form House i want to be personally there to see every thing done according to my plan and Idea... might take minimum 4 to 6 months
No trading till that get over...
Wish all my TJ Friends profitable and enjoyable trading days..

Congrts Mano ji ... am almost off this month and will be totally off for next 6/7 months ... got a prmtion.... need to be 100% here.... so....bye guys....Hv a g8 profitable trding :thumb:

 

[IAtma]

his next level :

5011-5222

NF trend UP

range > 5111/5333

 

[anup0212]

Constructing a Form House i want to be personally there to see every thing done according to my plan and Idea... might take minimum 4 to 6 months
No trading till that get over...
Wish all my TJ Friends profitable and enjoyable trading days..

Congratulation Manohar ji for farm house...well do not forget to upload snaps of it once constructed...but i am sure your will keep your posts whenever you get sometime...ALL THE BEST....

 

[anup0212]

Congrts Mano ji ... am almost off this month and will be totally off for next 6/7 months ... got a prmtion.... need to be 100% here.... so....bye guys....Hv a g8 profitable trding :thumb:

congratulation to you as well...:clap:....I know once u are settle in your new role you will come back into trading...till then chow....dear....

 

[saivenkat]

The crucial question is what happens next after the spot test of 5080. The top for the market has come down substantially from 5260 to 5185. The final target for the current leg down is 4955. Sell levels on minor bounce back would be 5145-5185. Move to 5185 looks unlikely in the current scenario. I still maintain that the overall trend remains down and maintain my conservative target of 4300 in the medium term( one can see my previous posts for explanation).
That's it for now!
Have a fantastic day!

While i agree that the trend is down and terribly weak, i feel that just giving targets as 4300 as a conservative one without any charts to support your views, may create an adverse impact in the minds of those who read this post.. i mean it will somehow play in the minds of the traders as a pre-conceived notion and get fixed in them.. and will affect while they take positions ( get fixed in the minds of those who already feel that market would go down)

Whereas when charts are found they make spend some useful interpretations with whatever technical knowledge they have .. and may act accordingly..

Just my views.. which may completely contradict with that you.. and others also.. if so.. just give this post a pass or...try search and find a ignore button and press hard..lol

regards

 

[prada]

That's the reason why I am giving near term targets. Putting up my charts will confuse traders further. Too many charts are being posted. Although my analysis is deep , I try to only post the gist of it. I keep a medium term target ( in this case 4300 ) which clearly gives the trend as to where the market is moving in a few months time. I don't perceive anything to be deceptive in this case. And I keep updating my posts regularly and so there is no question of adverse impacts. So far so good.

While i agree that the trend is down and terribly weak, i feel that just giving targets as 4300 as a conservative one without any charts to support your views, may create an adverse impact in the minds of those who read this post.. i mean it will somehow play in the minds of the traders as a pre-conceived notion and get fixed in them.. and will affect while they take positions ( get fixed in the minds of those who already feel that market would go down)

Whereas when charts are found they make spend some useful interpretations with whatever technical knowledge they have .. and may act accordingly..

Just my views.. which may completely contradict with that you.. and others also.. if so.. just give this post a pass or...try search and find a ignore button and press hard..lol

regards

 

[salilpoo]

Mano and Trdstudent .... Good luck .... Keep checking the markets and this thread .....

Once a trader always a trader :lol::lol::lol::clap::clap::clap::thumb::thumb::thumb:

 

[manoharpillai]

Thank you all for your well wishes.... have to be there at the site through the day
is the reason for keeping myself away from trading activity
will get back as early as i can... Thank so much 2all

 

[sudoku1]

NF trend DOWN

tgt > 4999