Nifty trend

[simple_trader]

Probably we are in the best position for rally today towards 5500? Or it will be an another range bound session?

Finally some rally comes, but does not exhibit great strength though. Like this, we can hit 5500 tomorrow. or one more dodge ?

 

[blackberry]

Rally during last hour could mean selling during later session tomorrow.May not be

 

[Capricorn]

SGX @5471, we seem to inching to 5500, as they say markets will climb a wall of worry.

 

[simple_trader]

Not posting any chart, less like to follow chart as we are in euphoric stage. Market will take resistance at 5500 (spot or future do not know). Careful about long trade there about!

 

[praveen taneja]

People are fearing too much from 5500 and what I feel is above 5500 a good shorting with good short covering stillleft for any furthur move
cause of worry is innocent retailers now joined with put writers at throw away price that would lure operators to kill them first

 

[Capricorn]

Fibo tgt area 5550-60....on spot

Besides , we haven't had a blowout day in a long time...

 

[simple_trader]

Fibo tgt area 5550-60....on spot

Besides , we haven't had a blowout day in a long time...

One blow out day will come, I suspect it will do blow out in both ways in single day. That's how chartically reversal can happen. However before that one more dodge from 5500 is expected. 5550 may come in intraday, chances are there for good.

 

[Capricorn]

Weekly close tomorrow below 5460 would be bearish...

 

[Capricorn]

For those who trade divergence....Cheers

 

[Capricorn]

SGX @ about 5440 down about 15 from yesterday, bearish divergence on the daily chart, and we are at the top of the weekly channel are today's ingredients.