Nifty trend

[Capricorn]

Bias negative unless it goes above your favorite level?

Obviously....:rofl:

 

[alroyraj]

Try interpreting this move...Something is discuss on the weekend...Hindalco decided to give up almost all gains...

 

[josh1]

5720-50 a tough resistance now. I do not see any good support till 5500.

 

[Capricorn]

Try interpreting this move...Something is discuss on the weekend...Hindalco decided to give up almost all gains...

But it was begging to be slaughtered.

 

[Capricorn]

For 2morrow 17-Jan

Bias is obvious ....

S @ 5615 , 5560 , 5535 , 5505

R @ 5690 , 5730.

Trade well .

We are in neutral territory between 5730 and 5890. CHOP ZONE

 

[Capricorn]

For Macd followers and there are quite a lot of them...

If the monthly MACD rolls over we could see Sh&* hitting the fan.

 

[saivenkat]

Sorry Caps Bro for modifying your charts...

I tried to have my way of interpreting it..

 

[Capricorn]

http://www.traderji.com/equities/27372-nifty-trend-109.html#post492169

I have already indicated my view long back.. Lets see what happens.

 

[josh1]

For Macd followers and there are quite a lot of them...

If the monthly MACD rolls over we could see Sh&* hitting the fan.

MACD Histogram is indicating that chances of rollover are high, besides current high of MACD is lower than that of 2008.

 

[Capricorn]

Ya , that's typical wave 5 behavior...