Time To Stick My Neck Out "Nifty 5000"

[uasish]

Nifty Fut attempting to cross the Gap Area High now is 4519.90.

 

[uasish]

Nifty Fut High broken now High = 4521.00 ,attempting to break,let us see.

 

[uasish]

Thks just recvd a reputation comment.

 

[uasish]

So now Nifty Fut is even below 4500.00 (the psychological level),let us see.

 

[amitt29]

Sir,4493 on futures is important now.

 

[uasish]

It is always better to look for simple things in our charts than looking at DOW .To-day the 3rd attempt (since few days) by Nifty Fut to close that Gap Area being un-productive.

 

[uasish]

As my chart shows biasness for White Candle ,i will be scary to Short :=

Res:= 4475.80 / 4485.55 / 4518.00;
Supp:= 4430.65 / 4411.35 ;

An healthy correction is expected before the Final Surge , hence that may come after crossing the Gap Area or before ,better not to predict but a 'Candle Bias' statistical indicator of EoD chart is in favour of White Candle,hence at the wee of closing Hrs if it is unable to cross the Gap & nearer to 4518.00 i may initiate a Short ,until my 1min chart gives any signal i am not going to Short .

 

[uasish]

That Gap Area is still uncovered still now High = 4514.90 in Nifty Fut.

 

[uasish]

Now let us see how this last 23 mins pan out.

 

[uasish]

Just plying between our pre-mkt R=1 to R3