Nifty Futures Trading

[metushar]

nifty will close between 2740-2760 today

Why ? It could be 8 instead of 7 in the above quote....I am not bullish or bearish just charts doesnt say anything definite, RSI say overbought but it can remain overbought for sometime on RSI and RSI also cools off for a sideway movement as I have learned and observed thru this thread (Thanx Sunil)....

2800 is a crucial resistance yes but why cant it be broken ?

Please to explain....I may learn a little more.......

No indication by charts just higher lows forming after 12th march Inv. h/s.

Comments...

 

[Sunil]

right raju...

2805 = 62% FIB retracement
2808 = 50DMA
(spot values)

last barriers

 

[rajuwaste]

You both try today convincing that to Nifty....
:sos:

I give up.... I think the batteries in my remote have dried up - need to charge them up



As of now, Fut 2784 (opening high) is the baby-RSR

I miss u dude,nifty behaves exactly the same way as predicted like resistance around 2805-2808 zone and Nf support at 2784.

:clap:

 

[smpsd]

Why ? It could be 8 instead of 7 in the above quote....I am not bullish or bearish just charts doesnt say anything definite, RSI say overbought but it can remain overbought for sometime on RSI and RSI also cools off for a sideway movement as I have learned and observed thru this thread (Thanx Sunil)....

2800 is a crucial resistance yes but why cant it be broken ?

Please to explain....I may learn a little more.......

No indication by charts just higher lows forming after 12th march Inv. h/s.

Comments...

see there is no hammer at 2760 for this false/Trap rally and it will broke soon..

 

[Sunil]

after yesterday's 20DMA + 50% ret's flop show, atleast 50DMA + 62% ret are being respected

 

[myvineet]

market started turning bearish...

 

[smpsd]

baby bear eat honey and get big don't care about bee

 

[pkamalesh]

May be The market is waiting for a trigger from Europe opening...Just losing its strength now..

 

[columbus]

May be The market is waiting for a trigger from Europe opening...Just losing its strength now..

Yesterday ,Nishikant expected a Resistance at 2790.

 

[Sunil]

May be The market is waiting for a trigger from Europe opening...Just losing its strength now..

Yaar, what we couldn't do yesterday, TP & Raju's post did it today....
from HOD to LOD (nearly) :clap: