Nifty Future - 5days Chart

Nifty

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In the above graph shown is nifty spot for the last 5days.

In this i could identify some hidden image of an butterfly pattern .What ever it may be..in the 19 days chart we can also see an " Inverterd head and shoulder " formation.Many times i have seen the market react as per the technicals not just alone driven by sentiments and that too this kind of un-noticed formation by many traders, can give an unexpect turn in the current trend.

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Am i confussing you? Ya, may be i am. Let me tell you one thing clearly unto you is.. Something is going to happen in the coming trading sessions....The market may raise unexpectely and lead a rally about 300 to 400 points from the current level.

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When it will happen, it is a big question now ?...It will happen after/before indian Budget or F&O Closing!!!.

We have to wait and watch..Positional traders can benefit a lot, if they can get along with the trend and also make use of the call/put Hedging methods now.

BANK NIFTY- INTRADAY STATUS

Today our subscribers gained 110 points.

our SL is just missed in 2points.Great escape or Our Accuracy in prediction?

Any how the results are fruitfull today for all our paid subscribers.

Morning sold at 8567 and covered it at 8516.00=51points

Around 1pm sold at 8586.00 and covered position at 8527.00=59points

Total gain upto 1.40pm is 110points.

No position on hand.

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>>http://bankniftyfuture.blogspot.com/

BANK NIFTY FUTURE TIPS

Source:- NSE INDIA

Bank nifty

Nifty

Today Nifty and Banknifty -the day trading was choppy expect the ' last half-an-hour' it certainly went up to the peak.Especially the last 15 minutes it really rocked and created great panic among the bears.No body would have expected this certain boost.

Many went short and waiting to cover it at the end and the whole market twist everthing and many day traders would have lost so much of money,i really feel sorry for them.As usual i have recived so many desparate chat messages from many people who went short and unable to cover it.i really felt bad for them,and was unable to give reasons why this certain raise? i have no answer.What all factors that drives the market...Still need to learn so much from the market.I believe the learning never ends.

Correction Or Reversal?

By Colin Twiggs
February 2, 2010

These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Full terms and conditions can be found at Terms of Use.

Global markets are undergoing a secondary correction, signaled by large bearish divergence on (13-week) Twiggs Money Flow. The Hang Seng Index, however, reversed to a primary down-trend, warning of weakness in China, and a number of other indexes now threaten to follow.

USA
Dow Jones Industrial Average
The Dow found support at 10000 after breaking through the lower border of the (rising) broadening wedge formation. Expect a brief rally followed by another test of support. Failure would signal a correction to 9000 — the base of the wedge. Twiggs Money Flow (21-day) breakout below zero would strengthen the (correction) signal. Recovery above 10500 is unlikely, but would indicate another advance.

Read more at-

http://www.incrediblecharts.com/tradingdiary/2010-02-02_markets.php#spx