NIFTY FIFTY

[AMITBE]

NF at 2990.

The zone sits just above at 3000-3005.

More within reach now.
But this is where the conflict gets resolved.

NF at 3033.
Happy...for long only folks?

Not really.

That 3000 needs a retest and consolidation. That is same as conflict resolution. After that the real direction gets established.

Else, false move.

 

[Czar]

true Amitji & agreed but lot of times the retest part fools me...

but seems you are giving safe passage to the bears

edit: should test 3k after filling y'day lows gap....

 

[AMITBE]

NF at 3033.
Happy...for long only folks?

Not really.

That 3000 needs a retest and consolidation. That is same as conflict resolution. After that the real direction gets established.

Else, false move.

With NF at 3040:

The next zone up is at 3070.

Can this resolve the false move?

 

[AMITBE]

With NF at 3040:

The next zone up is at 3070.

Can this resolve the false move?

And with NF at 3080, the next zone up is at 3107-3119.
I've found this one to be strong.

Interesting.

 

[AMITBE]

NF at 3033.
Happy...for long only folks?

Not really.

That 3000 needs a retest and consolidation. That is same as conflict resolution. After that the real direction gets established.

Else, false move.

With NF at 3040:

The next zone up is at 3070.

Can this resolve the false move?

So at this point with NF at 3020, the two PP zones marked in red, one standing above, the other below can cause a push/pull??

I've not often seen this price action, so will be interesting to see. These are bear market conditions, remember.
Well this too is resolution enough.

 

[AMITBE]

true Amitji & agreed but lot of times the retest part fools me...

but seems you are giving safe passage to the bears

edit: should test 3k after filling y'day lows gap....

Got your safe passage, Sir.
And more.

 

[Czar]

seems more like it was a window for the stuck bull....

 

[AMITBE]

seems more like it was a window for the stuck bull....

This piddly little window?

The bull was BIG I'm told.

Everything orderly again.
If there's any steam left, our firt zone still sticks at 3005 kind of levels.
A retest there will really settle things.
Not that that's a given.

 

[milkyblack]

Just out of no where jumping into the thread with some of my crap
I am sure these craps will get direction from seniors and would turn into some good discussion.... just a hope though!!!

2900 is a very crucial level... 2953.64 is the 61.8% retracement level from the peak of Jan to low of 2001...

Nifty broke 50% to come to 61.8%... breaking this will it test 78.6% .... 2039!!!!!

Regards

 

[milkyblack]

This piddly little window?

The bull was BIG I'm told.

Everything orderly again.
If there's any steam left, our firt zone still sticks at 3005 kind of levels.
A retest there will really settle things.
Not that that's a given.

Dear Mr. Amit,

Bull was BIG... etc... could you refer me to some book or some article where I can understand the dynamics of the market... apart from trading perspective... I mean are their really Bulls & Bears... I mean not in literal sense... but like some group of people who try to keep the market moving up and some group who try to hammer it?

A single person can not do that right? I mean in short I just want to understand the inside thing of the market

Thanks

Regards