Time To Stick My Neck Out "Nifty 5000"

[Czar]

lol quite possibly true.

 

[uasish]

Nifty Fut as per Candlestick showing 'Rising Window' ( bullish) & in last 50 candles there was 5 Rising Windows ,means more bullish.
Our Isx ( a RSI derived from a derivative of Close) is showing still above Support.
For Safety now as the SL is @ 4416 ( much below) hence i will not initiate any Long positions .

My own level is 4485 ,Closing above this is Bullish

 

[uasish]

Nifty Fut survived the Height phobia in 1st round (now at 11.29 am 4494.90);
but slowly approaching Res area at 4506 to 4508,watch out.

 

[uasish]

Kindly note the Gap between Thursday & Friday is yet intact & Day's High just breached & registered at 4504 ,time now 1.45 pm.

 

[uasish]

So 4500.00 was the closing of Nifty Fut,surviving the Heights.

 

[uasish]

To-day in Nifty Fut 4494.35 is imp.

 

[uasish]

Buddy,have learnt long back eating by my own hands,thks for your offer.

 

[uasish]

Still now in Nifty Fut our pre mkt level of 4494.35 ,to-day's imp level ,is not being crossed convincingly (High still now = 4486.70 ),let us see how the day pans out.

 

[uasish]

It is 12.05pm now still 4494.35 is yet to be taken out ,let us again review at 2.00 pm.

 

[uasish]

Got intraday data from yesterday,a chart speaks 1000 words.

I am editing this post now at 1.30 to mention ,doesnt it look easy that my granny if alive could
have traded but alas i could not earn a single ruppes with this.