NIFTY 50 Future T R E N D S

sudoku1

Well-Known Member
#13
Not only did the down gap created in NIFTY nearly got filled today ,it also acted as a resistance bringing the market tumbling down.

the other thing to watch out was a divergence between BSE MIDCAP and SMALLCAP indices , the former closing in red while the latter continued its uptrend closing in green.

despite the weekly weakness, the market is still testing the bulls nerves as the short and med term trends continue to remain intact in the upward trajectory.

levels around 8989 and 8585 are seen as the trading range as of now where the upper range is a weak resistance zone while the lower range is the bull guard
 

sudoku1

Well-Known Member
#15
calm before the storm? seems so

market was quite range bound with even the sacred bouts absent ahead of the big event.
nevertheless ,there is no change in the trend which is UP since the budget day bottom.
fundamentally,sensex above 30k should start bubble formation till then... still some juice left

trading range remains in the 8555 /8989 zone
 

sudoku1

Well-Known Member
#16
Nearing expiry,mkts displaying volatility cracking abruptly in the midst of calm.
however ,the short n med term trend remains positive despite the fall
 
#18
short term turns DOWN while medium is still intact UP.
MKTS MAY WITNESS TREMENDOUS SELLING PRESSURE in the near term
I guess the markets will go up for a while now, just to prove Sudoku wrong :D. Anyway, the auspicious period (Navratri) is just around the corner.
 

sudoku1

Well-Known Member
#19
short term turns DOWN while medium is still intact UP.
MKTS MAY WITNESS TREMENDOUS SELLING PRESSURE in the near term

mkt was just waiting for a reason to crack n it got..a solid one to unnerve even the nerves of steel.
mkt players were still hopefull of a small short covering rebound which was shattered at the fag end.
the trend remains DOWN
Watch for levels around 8585-8555 for some WEAK support
 
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