Time To Stick My Neck Out "Nifty 5000"

[uasish]

Review at 2.22 pm
Nifty Fut (+) 0.06 % vis-a-vis that
CNX IT (+) 0.75 %;
INFY fut (+) 0.55 % ;
TCS fut (+) 0.77 %
(As Satyam / 3I Info etc where all good needless to mention here)

 

[uasish]

Review at 3.42 pm
Nifty Fut (+) 0.36 % vis-a-vis that
CNX IT (+) 0.43 %;
INFY fut (+) 0.51 % ;
TCS fut (+) 0.52 %
(As Cash ; Satyam (+) 2.63 % / 3I Info (+) 3.50 % (etc where all good needless to mention here)

 

[uasish]

July Nifty Fut is in 25 points discount whereas July CNX IT at 40 point premium still now at 10.39am

 

[uasish]

12 Noon Review
Still the same discount ,premium scenario between June & July series of Nifty fut & CNX IT

 

[uasish]

My subjective feeling about Nifty Fut is still the same ,that it will surpass its previous High & CNX IT stocks may give the momentum.
TCS / Infy / CNX IT ,safer but when to Long ?

 

[Czar]

true IT seems ready to pounce, but with the falling dollar guess Infy results should trigger some rally...

 

[uasish]

The attached chart of Nifty FUT is my subjective view.
The "Choto (nick name of my wife) MACD Topped Out" has given a Divergence signal since 29th but the "Asish MACD Next Day" (projects next day's statistical expectation) has surpassed its previous Peak. The sky blue BB type Band is Long Term ( the financial data series's max historical pattern projection) is showing the the value for Upper Band to be 4380.12.
The inner BB type is Short term ,there the Red upper band's value is 4342.60
& the Yellow line's (relative position shows Biasness) value is 4338.12,signifies the momentum to be strong Up Bias ,these 2 values will act as Supp.
There is every possibility for a Dash to 4380 & beyond but if it closes below the 4342.60 & 4338.10 then there may be a tilt of Bias.
Hence i am bullish still further confirmation.

 

[uasish]

My interpretation of Jurik (based on 6 days data) is also projecting ,for Nifty Fut ,a Max Upside (for Sentiment)still now to be 4388.19 & (MA) supp at 4337.38 ,close below 4337.40 will tilt Bias.

 

[uasish]

Like the other above 2 charts ,this chart has 2 no 6 period RSI.
The Mkt Sentiment has no ambiguity of whether (topped/bottomed) or not .
The jurik MA one shows supp / res.
These are my subjective views.

 

[uasish]

Nifty Fut still Supp not broken ,watch for RIL fut supp @ 1701.00