Time To Stick My Neck Out "Nifty 5000"

[uasish]

Hi,

Nifty Fut:

Now a days ,shifted focus from "Prediction" & accept whatever Mkt tells me is right.
However EOD chart is showing the following :

The bias is shifting to bearishness,unable to register > 4107.36 to-day will shift Weekly Bias to (-)ve.
To-day 4071.65 and 4044.80 may give a minor support.Otherwise 3964.35 may be seen.
However this correction will be an oppurtunity for Buy,because now beyond 4239.95 is a distinct
possibility.5K !! Possible.
To-day if falls then in weekends there will be lots of talk on "Double Top" ,plz wait & watch the fun.

My Plan:

Will Short @ 4090.25 SL 4129.75,if i get intraday confirmation from Mkt.



Crucial to close > 4058.70 for Bulls,otherwise 1st Tgt = 3980.00.

If falls drastically then 3669.60 is max ,in this leg (as per EW analysis).

Every chance once again i may be humbeled to-day.

Asish

 

[uasish]

See how Mkt tells us.Until 4129.75 is breached on upper side the Bears ,may not give us a run by "Short Covering".Now @ 10.35 Nifty Fut (this month)
High = 4128.90

 

[uasish]

Satisfied with UTI Bk,just enjoying.

 

[uasish]

Liquidated 66 % UTI Bk @ 527.20 ,now 8.8 % of balance 33% is FREE can be shifted to 'Tuntai's Demat'.

 

[uasish]

Nifty Fut chart present attached

&

EW analysis of past

http://www.traderji.com/87334-post155.html

Asish

 

[uasish]

On 7th March 10.00 am this thread was started , plz refer charts for the 'Doomsday ' ambience present on those days,to -day many maybe envisaging 4300 ,this may be a 'toin coss'.

 

[uasish]

To-day 4275.30 is a vital level for Nifty Fut ,now 4279.20 let us see .

Lakshman Rekha = 4239.45 ,unless it closes below this ,i am not going to jump my gun.

 

[uasish]

Another 14 mins left watch 4275.30,plz dont short ,before any confirmation.

 

[uasish]

Nifty Fut Low=4150 , a rare round fig.Open & Low have exactly 6 points.Still now in intrachart 2 attempts to break 4202,& 2 supports @ 4173.80 with RSI divergence.

 

[uasish]

Now trading > 4192 (2 minor tops @ 4192 broken upward ) will this survive ?
All will take this oppurtunity to Short.Let us see,Stoch & RSI in OB region.Will 4192 give minor support ?