Time To Stick My Neck Out "Nifty 5000"

[uasish]

I am going to actually put my own money in Longs at 4058.70 Nifty Fut level.

 

[ssprasad]

nifty future had a freak low of 4074 today ... what does it suggest?
Time to go long again ?

 

[amitt29]

One thing bothers me,the level from which it wud start moving up has to be in leaps and bounds to enhance short covering and a self feeding rally.And with despite all wannabes harping on fundamentals,and growth story and what not,our indices have been carried down on Global cues,i wud atleast give it 1 week b4 committing any new longs.Let the dust settle and its not running away or anything.Just have to wait out.

 

[renu daga]

hi
members,,
can anyone ,,help me identify these yellow trend lines drawn on the chart..of nifty
nifty future was low at 4074..a spike which suggest that downtrend is about to end,,,,,
the actual knowledge of spike was given to me by one of my senior friends....and i ahve seen this theory works,,,,,,,,,,,,,,,so here it means,,,the lower trend is about to finish....

 

[uasish]

To-day Nifty Fut is showing a Low of 3953.00 till now, & now trading at 4105.00 with an Avg Price of 4058.88,i am not going for any Shorts,rather close my Day's Trading & wait for Studying EoD Charts.

 

[uasish]

Nifty Fut now at 4128.00 & the Avg Price 4062.98.

 

[amitt29]

Watch the sensex,dear Sir, a close at 14100 wud signal more pain ahead.Sentiments are damaged.

 

[uasish]

Amit,
I am watching only Nifty Fut 1 min chart now & will form an opinion after stydying EoD.

Asish

 

[uasish]

Nifty Fut crossed 4133.00 ( a minor resistance in 1min chart) now 4145.90

 

[uasish]

Another 50 mins of Trading Left ,see how Nifty Fut pans out,just now made a New High at 4151.85.