Sunday, August 19, 2012

Possible Nifty range for week ending 24 Aug 12

Pressure is created by anxiety. The anxiety of not knowing what will be coming next  .The uncertainty that comes with spontaneous trading.  Once you have the confidence of logical design of your trades then you may  trade with a calmness first plan your trade and then enter in trade with full confidence..
It was predicted and circulated to all members
Possible Nifty range for week ending 17 Aug 12 will be 5300-5400 extended to 5200-5450 .
and nifty traded between 5309 -5399.95 and closed at 5366...
FIIs are selling  in  Stock futures since last 6 sessions is creating some doubt so it seems that some thing is cooking...
Possibilities marked on charts ...
5350- 5400 zone is crucial..
EOD chart closed making Doji ...If nifty will close negative on Monday bears will take control ..

weekly nifty chart ...showing that up swing will take nifty to green uptrending channel...possible target 5600- 5800 within 3 montths ..on failure market will remain in red channel ..
 weekly chart is showing 1 more possibility of head and shoulder pattern....dangerous for bulls..
 weekly chart...showing below falling trendline...and top of channel per this possibility of profit booking ...
Expecting nifty will trade between 5242- 5390  for week ending 24 Aug 12 extended to 5445 -5200..

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