Share Your Views On Nifty Trend...

[deadbrain]

even though it slightly looks like head and shoulders i feel 4750 is an important support .. so i am guessin it ll bounce back!!

The positive side is triple bottom support is yet not breached...

 

[Debarghya Mukherjee]

The below chart is the 30 Min NIFTY chart. I think I have drawn the right trend lines. And the chart is explanatory. Right friends? It will be very clear to us once it breaks the trend line.

 

[Debarghya Mukherjee]

 

[deadbrain]

Above 4903, nifty comes in buy zone intraday for a target of 4950.. but will take position only after 2.15

 

[deadbrain]

Above 4903, nifty comes in buy zone intraday for a target of 4950.. but will take position only after 2.15

Did not cross 4903, instead lower breakout.. shorted ... Tgt 1 4857 tgt 2 4844, tgt 3 4835...

 

[deadbrain]

Uploaded with ImageShack.us

So, nifty took support as it was anticipated from triple bottom.

 

[deadbrain]

Uploaded with ImageShack.us

Immediate target seems to be 4963....

 

[foolsgold]

Uploaded with ImageShack.us

Immediate target seems to be 4963....

can u pls tell me what these lines are?? i am a newbie
thanks

 

[deadbrain]

can u pls tell me what these lines are?? i am a newbie
thanks

These lines are Bollinger and Fibonacci bands. lots of information there on this board about them.

 

[Debarghya Mukherjee]

market is ready to show us the way it wants to go. What you guys think? STCH, MA, TREND all are lined up. Let the price break it. Once it break, higher price action will come soon. If it remains below the trend line, then sell opportunity.