Nifty trend

[Capricorn]

That's the USD/INR

Lets see if the pattern goes thru..

 

[timepass]

NIFTY looking weak. I think next target for NIFTY is 5328.70 ... What you people think please share your views !!!

Nifty weekly : Possible W formation with Feb 12 and June 24 as double bottoms, but it will have to close above 5842 (Apr 8) for confirmation. That looks like a long shot.

Nifty Daily : Possible M formation from June 20 lows, so it may be forming the right shoulder of M. So, if there is a gap up, we may see 2-3 days upside.

PS : But the candle for 15th has formed a bearish harami, so a gap down on Monday may signal continuation of downside.




Go figure, and pray that the opening isn't flat

 

[josh1]

That's the USD/INR

Lets see if the pattern goes thru..

That pattern looks similar to this pattern.

Technical Analysis theory says that Right Angled descending triangles are bearish. (Though I have experienced exactly opposite behavior in intra-day charts.)
Nifty is moving between 200 days EMA (violet- 5747) and 50 days EMA (red -5504).- Choppy range. Accordingly, it will be strong above 5750 and weak below 5500. Good 250 points range for day traders.
MACD gave SELL signal on Friday.

 

[Capricorn]

That pattern looks similar to this pattern.

Technical Analysis theory says that Right Angled descending triangles are bearish. (Though I have experienced exactly opposite behavior in intra-day charts.)
Nifty is moving between 200 days EMA (violet- 5747) and 50 days EMA (red -5504).- Choppy range. Accordingly, it will be strong above 5750 and weak below 5500. Good 250 points range for day traders.
MACD gave SELL signal on Friday.

Yes looks similar, but I prefer the weekly view..

http://www.traderji.com/equities/27372-nifty-trend-150.html#post568855

 

[manoharpillai]

we are heading to 5400 levels 5740 could be the highest for the month the range for the series 5400 to 5700 may end around 5500 hopes for higher levels are artificial be careful on the long side.

 

[Capricorn]

we are heading to 5400 levels 5740 could be the highest for the month the range for the series 5400 to 5700 may end around 5500 hopes for higher levels are artificial be careful on the long side.

We hear u mate....

 

[timepass]

That's the USD/INR

Lets see if the pattern goes thru..

That pattern looks similar to this pattern.
Technical Analysis theory says that Right Angled descending triangles are bearish. (Though I have experienced exactly opposite behavior in intra-day charts.)
Nifty is moving between 200 days EMA (violet- 5747) and 50 days EMA (red -5504).- Choppy range. Accordingly, it will be strong above 5750 and weak below 5500. Good 250 points range for day traders.
MACD gave SELL signal on Friday.

Yes looks similar, but I prefer the weekly view..

http://www.traderji.com/equities/27372-nifty-trend-150.html#post568855

Can someone please post the chart for dollar index for the same period? Thanks.

 

[Capricorn]

Can someone please post the chart for dollar index for the same period? Thanks.

 

[Capricorn]

I did say 5580 would be a thorn for the bears...

Lets see...

 

[astraura]

To have a daily outlook of nifty and junior nifty stocks on the basis of the position of their 50 and 200 DMA levels, a blog has been hosted at Profitable Nifty Setups.