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[amitt29]

Again Nifty today made its moves within the contracting boundaries.Break from here cud cause it to test 4450 and below.Beginning a larger correction.

Tough as it may sound still think market can move pretty well if it breaks this range.

Above is for the person who posted for candlesticks,kindly someone explain to him what my post meant.


Again Nifty today was confined within contracting boundaries and ending negative marginally,is it suggestive of the Ending Diagonal?
If thats the case tomorrow may decide the short term trend.

Short term supports are at 4450-4356.
Still resistance remains at 4500 and above and no commitment from bulls.
Lets see how this pans out.

 

[amitt29]

Nifty attempted to take out 4550 but cudnt succeed.Still the close is very good for short term.If it does take out the previous high it shud do so in 4 sessions.However there may be some shakeout tomorrow as the weekend draws near.

Extreme Shortterm support is at 4500-4509-4515.And if push comes to shove then 4474.

Tomorrow i wont be posting as I am going out for the weekend.

 

[amitt29]

Nifty attempted to take out 4550 but cudnt succeed.Still the close is very good for short term.If it does take out the previous high it shud do so in 4 sessions.However there may be some shakeout tomorrow as the weekend draws near.

Extreme Shortterm support is at 4500-4509-4515.And if push comes to shove then 4474.

Tomorrow i wont be posting as I am going out for the weekend.

So the shakeout came and Nifty took support within 1 point of the abovesaid levels.Still holding on to the view that previous high wud be broken.

Shortterm resistance is at 4523-4530-4540-4550.Supports are at 4509-4490-4474.We'll have to take it from there.

Nifty shud pick up steam from later half of this week.And if all goes well,it will be a good October.

 

[amitt29]

So the shakeout came and Nifty took support within 1 point of the abovesaid levels.Still holding on to the view that previous high wud be broken.

Shortterm resistance is at 4523-4530-4540-4550.Supports are at 4509-4490-4474.We'll have to take it from there.

Nifty shud pick up steam from later half of this week.And if all goes well,it will be a good October.

Still moves in this range with a drifting action.Still the above range holds.

 

[amitt29]

Wud like to see some good commitment from bulls.

The aforesaid resistances are now support and new levels or upside are 4565-4593-4620.

Its important that 4509-4516 is held in the coming days.

 

[amitt29]

Nifty attempted to take out 4550 but cudnt succeed.Still the close is very good for short term. If it does take out the previous high it shud do so in 4 sessions.However there may be some shakeout tomorrow as the weekend draws near.

Extreme Shortterm support is at 4500-4509-4515.And if push comes to shove then 4474.

Tomorrow i wont be posting as I am going out for the weekend.

Talk about timing.

Nevertheless lets see how this pans out for the future.I wont be posting anymore as a friend here has suggested a blog where i can put all my thoughts and my mumblings.And I see too many trolls(thanks to Jesse for that term) from past 6 months on this website now who lack the expertise and knowledge to trade.

Enjoy your weeks ahead and God Bless all.

Asking Traderji to close this thread.

 

[uasish]

Hey why leave me behind,Gr8 timing.

 

[Traderji]

Talk about timing.

Nevertheless lets see how this pans out for the future.I wont be posting anymore as a friend here has suggested a blog where i can put all my thoughts and my mumblings.And I see too many trolls(thanks to Jesse for that term) from past 6 months on this website now who lack the expertise and knowledge to trade.

Enjoy your weeks ahead and God Bless all.

Asking Traderji to close this thread.

Well if you want to continue blogging at Traderji.com you have a blog here... Unless of course if it for some other reasons.