Nifty trend

[Capricorn]

HI folks , hope all had a great weekend. Back to business...

We closed in -ve territory on Friday. Now we would be +ve above 5460.

Supports at 5400 ,5370,60,50

R at 5450,60,70 after this congestion zone we jump to 5520.

 

[saivenkat]

SGX trading with +53 points, nearly to the level mentioned by Capricorn .

Does this mean what we had on friday , was not "FRY" day.. and the bulls are still in control of the business

@ capricorn: GOing by the levels you said, whats your stance friend.. bulls or bears?

 

[simple_trader]

Going by what market is following in past, it would be confusing moves today most likely (not bullish not bearish).

NIFTY still has to catch up with global markets!

 

[Capricorn]

I would be taking a trade only beyond the congestion zones mentioned on the up side. Until then watch the battle.

Short if keeps below 5400.

 

[saivenkat]

Capricorn ji you are spot on as always.. Till now the market is in the congestion path.. no clear clues emerge..

Thought that i would be getting a ZLR, but then the SI and CZI signs are negative.. No patterns seen.. SO CONGESTION REMAINS..

Fine, it time for me get a break and let me have my breakfast..:lol:

Saivenkat

 

[simple_trader]

without going through anything like global markets, indicators etc., previous day had good range, today we have opened around middle of the previous range. Hence I would give most chance for an insider day lots of SL hitting is expected today!

bearishness depends upon where we can crack 5400 or not. being neutral for day trading today.

 

[saivenkat]

As September Comes In, Investors Begin a Rough Month

Beaten-up investors go into September, historically a weak month for stocks,... :rofl:

http://www.cnbc.com/id/38905543

 

[Capricorn]

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[saivenkat]

Breakkkkkkkkksss. 5400..::clapping::clapping:

 

[simple_trader]

Finally NIFTY is adjusting to global markets!!