Nifty FUT Trade Setup For 5 February 2013

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THOUGHT FOR TODAY 

Relationships With Others A sensible person knows it is a waste of time and energy to get angry. Effort will then have to be made to reconstruct that relationship. It is much more useful to breathe deeply, pay attention to your attitude and answer without rushing. In this way, improve and strengthen your relationships with others. Create trust and your mistakes will be forgiven.  

Nifty Spot

(Updated on 05-02-2013 at 08.20 AM)

We have repeatedly written that Market has

been tired and week below 6075.

Yesterday, written that Nifty spot would not make successful

crossover above 6035 and fall down below if not

able to crossover above 6035. Also mentioned that

it has support at 5982.

Nifty spot made high at 6038 and declined to 5981.25.

Now for Nifty Future

No Rise likely to sustain below 6075.

Path of great resistance up to 6025-6033.

Hurdle at 6013-6025.

Break below 5978 Expect panic selloff

up to 5959-5933-5911.

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Dow Jones and S&P 500 have been started to fall down

“NEVER BEFORE HAVE YOU HAVE SEEN THIS PERFECTION OF CHART ANALYSIS

As expected, Dow Jones and S&P 500 have been started to fall down. Let’s start by looking Nifty future…, Yes we are waiting for long “Expected time is 2-3day for long” Click here.

Yes, You can short-sell Nifty for 5928-5947 small points. 

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Weekly Technical Analysis – Monday, Feb 3, 2013

My short-term scenario has proven to be wishful thinking. I was looking for a potential Zigzag down instead the bulls have once again aborted a pullback that in my opinion has been delayed but not removed from a pending outcome.

Regarding the long-term count, I maintain the scenario of a potential Ending Diagonal. If it pan out it will complete the Double Zigzag wave (X) off the March 2009 low establishing a major top.

But instead of an expecting a larger subdivision of the wave (III) maybe price is approaching the end of this wave. If this is the case then once the wave (III) is in place in the next down leg, in order to be considered the wave (IV) of the Ending Diagonal, it will have to overlap below the peak of the wave (I). The potential target for the wave (IV) could locate in the range 1463.76 – 1435.50.

In addition, if the Dow is unfolding the same ending pattern, then the wave (III) cannot exceed above 14089.64 therefore there is not much more upside left in order to maintain valid this option.

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Nifty Spot Analysis Update

nifty-futures

THOUGHT FOR TODAY

The Power of Thoughts Thoughts are more powerful than actions because they are the creators of actions. You have to keep in mind that the thought-waves of your good wishes and pure feelings, your vibrations of peace and love, can once again bring harmony in nature and happiness in the world.  

Nifty Spot

(Updated on 04-02-2013 at 07.40 AM)

As projected on Friday Nifty spot faced

resistance at 6051 made vertical dive below 6022

and made low at 5983 and closed at 5998.90.

Support at 5982-5972 for intraday.

If breaks below 5972 and trades below for 20

minutes then expect slide up to 5955-5933.

Hurdle at 6022-6032.

With Successful crossover above 6035

with volumes, Nifty may resume uptrend

up to 6052-6070

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Nifty Future View For Short Term Traders. (Advance)

Chart is available for subscribers only. Nifty Future is trading up-trend as seen in the above chart. Just Click on Chart to see carefully. In the coming days, traders will see profit booking on NF. All are major world markets in upper trend. Most of the major indices on U.S. markets closed at or very near multi-year highs again last Friday which is good news for traders to test 6288 very soon.

This is a 30-min Chart for Short Term Traders who want to get long into Nifty Future.

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Nifty Spot – Trade cautiously at higher levels

nifty-futures

THOUGHT FOR TODAY

Sweet Words
A bitter tongue makes life bitter, a sweet tongue makes life better.

Nifty Spot

(Updated on 01-02-2013 at 07.40 AM)

Yesterday written that Nifty fut would face hurdle at 6066

and lower up to 6025 below 6040.

Nifty fut Jan Series made high at 6067 and low at 6027.

Now for Nifty Spot

Support @ 6026-6022

Break below 6018 may take up to 6009-6000.

Resistance at 6042-6051.

If trades above 6051 for 20 minutes, then may rally up to 6064.

Trade cautiously as Nifty may face strong hurdle at 6050-6074 zone.

Any rally below 6075 is less likely to sustain.

Daily + weekly close below 6014 may take

Nifty spot up to 6044.

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