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Nifty Future 9th August 2011

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Hope every one enjoying  volatile moves . NF open below my support level 5090 and started slide upto 5057.10 and take uturn  exactly on my level 5055 which was mention on 6th may 2011. and fired upto 5208. and close back to 5126.20 .
Msg sent 
Buy Nf @ 5090 stoploss 5050. target 5201 ” target achieve
Positional trader holding partial NF .

2 Close below 5138 then Nonstop 4855.

Today was 1st close below 5138.

I was  expecting bounce from lower level it came but  did not sustain and close below 5138.

Now , Support @ 5055.

If trade below this level for 10 min then watch slide upto 4996.

if break 4996then slide upto 4885-4868-4855-4824.

Strong Suppot @ 4855. which was fist target from high @6349.

Laxman Rekha 5428 Impossible to cross it, before touching 4855.

Note: 

Nifty will not cross All-time  high 6357.10 Till 8- January-2013.

Its 5 year Bear Cycle.

9 responses to “Nifty Future 9th August 2011”

  1. pradee[ Avatar
    pradee[

    may comment was good,,but its nt intraday level…and u said buy nifty tgt is 5161,while u stated dat ur tgt was 5201????

    Reply
    1. ravichauhanreport Avatar
      ravichauhanreport

      check were buy given on 8th august it was 5090. and stoploss was 5050 as i was expecting it can hit intraday down upto 5055 and take uturn upto 5201. which was touched and 6 may link was pasted in live market for giving indication of uturn level for intaday

      Reply
      1. npdeep Avatar
        npdeep

        haan ravi bhai,i knew dat ur buy was @ 5090,…..When i askd u abt the tgt,,u said 5161…..while u posted that ur tgt was 5201*

        pl clarify in ur free time

  2. Vinita Avatar
    Vinita

    Ravi, one query about the bear market. If it is a five year bear market then it should end on 2011 + 5 = 2016. As per your views it is likely to end on 2013. Is it so ?? That means you have taken the bear market from 2008 onwards. Could you pls advise as why have you taken so ??

    Reply
    1. ravichauhanreport Avatar
      ravichauhanreport

      yes its calculated from 2008 because Nifty spot did not break all time high yet

      Reply
  3. npdeep Avatar
    npdeep

    aug 9….

    I was expecting bounce from lower level it came but did not sustain and close below 5138.
    Now , Support @ 5055.
    If trade below this level for 10 min then watch slide upto 4996.
    if break 4996then slide upto 4885-4868-4855-4824.
    Strong Suppot @ 4855. which was fist target from high @6349.

    MY QUERY–nifty opend blw this and traded fr sometime blw 4996 ….and it made a high of 5101.80…while im expecting downside as per ur break blw 4996…..4885 4868 4824…!!!

    Reply
    1. ravichauhanreport Avatar
      ravichauhanreport

      ur fool nf open below 4996 and crossed 4996 and also cross 5050 . now deiced what you are

      Reply
      1. npdeep Avatar
        npdeep

        ravi,chill…

        even i said d same dat nf fut opend blw 4996..
        But as per ur literature,blw 4996 u shud see ur 4885-4868-4855-4824…..u dint mentiond abt upside?
        b cool boss….u r an analyst! rite?
        try to educate..

      2. ravichauhanreport Avatar
        ravichauhanreport

        always remember Hurdle become support if cross and Support can become Hurdle if break . this is rule of Gann and other technical study

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Ravi Chauhan

Trader & Investor in Global Asset Classes

“Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics”.

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