Technical Views := Nifty Fut

As this is the Last Leg of the Down 5th Wave as per EW analysis of Nifty.

After it's completion a new Up Tgt has to be calculated,hence started this new Thread.

Today's Intraday Levels @ 10.43 am

3710.66 is a support & the zone is upto 3690.00.

Next support @ 3673.40 to 3653.15 @ 10.51am

Dada , is this sudden intraday downfall has happen just cover this gap up opening or its something else

Devangan123,

Trader are in Sell in Rally mode.

Asish

well devan, just minutes after opening, slow stochs were ready for crossover ABOVE 80!!!
and in this BEAR market, such crossover should be taken for shorts, while the crossovers below 20 should be avoided...
(5 min chart)
ONLY on trend reversal days will this rule not apply;
ie if it would have taken out yesterday's HOD inspite of such crossover & would have sustained the rally with HH HL formation, then the rules reverse
http://niftyintraday.googlepages.com/nifty50

If 3653.00 also breaks then next good support is at 3633.05 @ 11.20

da, since it is break time now:

I have come across this indicator ENVELOPE
have not fully researched what it is, but i feel this one indicator WHICH ACTUALLY TELLS us when to go short & when to cover & go long, & so on...

check out 1 min & 2 min charts with this indicator, and please let me know your views

Yesterday & today till now we could see that 3745 to 3756 is an area Nifty Fut could max traverse to.
Friday's Gap is yet to be filled up & the possibility will arise only after if it can cross this 3745 to 3756 hurdel.

Yes checked it in past,like B.Band or Keltner Channel ,Envelope also has some utility.One of your old senior member Aloke Daga has constructed one such & he happens to make good money from it.(He is one from the silent brigade,who talks less but makes money )