MISSING TARGETS : DANGER SIGNALS COMING UP ON CHARTS

In My Last Update I Mentioned That If NF Can Cross 8482 We will See 8900 Easily.

It Was A Little Over Enthusiastic Target Set Up
NF Faltered Around 8665 And With Multiple Highs Around 8665 Followed By A Strong Down Move Especially Closing Below 8482 Generates Serious Danger Signals For Our Markets

As Shown On BANK NIFTY & NIFTY Charts The LAST UpMove Was INFACT A Rising Channel Which Was Bearish

A Break Down Today Confirms That The Down Trend Has Resumed Again

And My View Is That Now Onwards We Are Bound To See SOME SERIOUS SELLING PRESSURE Across All Sectors Which Will Create Panic In Next 2-3 Months Time

A Close Below 8315 & 8200 Will Take NIFTY Below 7950 And Then The PANIC Selling Will Get Initiated

As Usual If Charts Suggests This A REASON Will Come From Anywhere .

One More Study Says That 7502-7512 For NIFTY Is A Distinct Possibility In Near Future If NIFTY ANalysis Done Here Proves Correct

An Update

Our Markets Are Yet To Panic Considering The Greece And Now Chinese Turmoil

How Long Will We Sustain ?

If NF Can Give A Close Above 8482 In next 1-2 Days We May Easily Reach 8900

But A Close Below 8300 And More So A Close Below 8200 Will Have Severe Negative Impact On Sentiments Here As Well

Watch The 200 DEMA As Well ,Which is At 8218

Failure Of A Seemingly Inverted H&S To Have A Big Upside Will Also Open Up Further Down Side Targets For NIFTY

8600 POSSIBLE

NIFTY RE Visits its 200 DEMA

A Few Months Back I Posted This Observation :

http://bhoom2tika.blogspot.in/2015/01/a-nearly-confirmed-lower-top-for-medium.html

And Yesterday NIFTY Actually Touched Its 200 Dema

NIFTY FUTURE CLOSES AT 8768

Here Comes 8767 As Suggested Yesterday

First Hour Critical On Friday
If NF Remains Above 8720 For First Hour It Should Decisively Cross 8767 And Reach 8140-8160 Zone

If NF Remains In A Small Range On Friday The New Zone May Come On Monday

8626 On Closing Basis Is The Level To Be Kept As SL For All Longs

NIFTY FUTURE : LEVELS TO WATCH

Nifty Futures Have Shown A Good Comeback After Panic Lows Around 5498 On 10th Feb Onwards

Big Question is How Do We Determine Weather We Have A New Rally Coming Up Or Its Just A Pause & We Will See One More Low Before Some Sort Of PRE-BUDGET Rally UnFolds ?

As Shown On This 15 Minute Chart Nifty Is @ The GAP & First Confirmation of Further Up Move Will Come If NF Manages to Close An Hour Above 8705

Expect 8767 First On An Hourly Close Above 8705

Fireworks To Be Seen If NF Somehow Manages An EOD Close Above 8767

I Strongly Feel That We Are Bound To See Nifty Touching its 200 Day EMA But I Am Not Sure If It Happens Pre Budget Or Post Budget

A VERY SHARP CORRECTION

Right @The Top Again I Clearly Warned That A Sharp Reversal Was Due Again And Indeed We Have Witnessed A Strong Down Move

Support Zone Of 8626+ Was Violated After A Big Gap Down Movement And NIFTY Tanked 100+ more points Below 8626

In A Bull Trend Its To Be Considered As First Warning Bell When A Strong Daily Support Zone Does Not Work As Supports

Yesterdays Strong 450+ Nifty Points Volatility Suggests Some Kind Of Bottom Formation But It Will Be Only A Pause If NIFTY Future Can Not Close Above 8722 In Next Few Days

WATCH 8689-8626 For NIFTY To Decide Trend

A Very Sharp One Day Correction In Nifty On Expected Lines

Will it Be a One-Two Days Event ? Or Will Be More Severe ?

8689-8626 NIFTY Levels Has The Clue

If NIFTY Can Not Take Support At This Zone We Are Bound To See A Very Sharp "V" Shape Down Move Before We Have A Pre Budget "LOWER TOP" Formation On The Charts