Nifty trend

[trader_man]

Maine jab se peeni chhodi hai I get beer whisky Rum Jin everything in my dream

Maine jab se CHOCOLATE khana chhodi hai I get ferrore roche, lindt in my dream:lol::lol::lol:

 

[josh1]

I had said last week that broadening formation in Nifty is complete since the second bottom was broken and next target is 5600. However a pull back to 5950 is possible. The pull back actually went up to 6020. Since nifty has made a lower close now, 5600 seems possible. ( Though I am confused whether the bottom line of the formation should be the thick blue line or the red line - can any body help?)

There are supports at
5770-92 gap made on 15th September.
5669 - line joining the three tops of 5th January, 7th April and 23 August.

A broadening formation of Nifty in 2004 is given here for comparison. (Third and fourth top failed to reach the upper line)
Market hit lower circuit on 17-5-2004 for an hour if I remember correctly, UPA lost elections!. There are no elections this time, let us see what happens.

 

[kaly422000]

http://img18.imageshack.us/i/nifty11.png/ make it simple let the trendline break

 

[Capricorn]

http://img18.imageshack.us/i/nifty11.png/ make it simple let the trendline break

I am a great fan of trend lines.

 

[sarath67]

CC

levels for today and coming days.

any close above 5900 nifty gives some strength or as it 5880 got broken
yesterday signals bearishness

 

[Capricorn]

We are bearish below 5880..

Short trades possible ,

5845 - 5760 -5690 - 5660

Above 5880..

5930 - 6002

Make money....

 

[Capricorn]

Looks like we are going to open sitting on the fence 5880-90...

 

[timepass]

I am betting on 6000 call today. Purchased at 2.40 tgt 6.5

 

[Capricorn]

I am betting on 6000 call today. Purchased at 2.40 tgt 6.5

Expiry day lottery...:lol:

 

[Capricorn]

Bulls not giving up are they.