Nifty Pre-Market View.

Nifty is in downtrend in "Day & Hour T/F" only.
Hour, with a close above HLEma, is in "Pause" mode.
Day continues to be in Sell mode. Any rises due to global cues would invite selling.
Only when prices close above DLEma, there could be a "Pause" in day T/f.
Remember also the "Sell on rises" from the week T/f in case prices close above DLEma; If so, allow prices to rise & day to become overbought for a sell.
On the other hand, if prices hold above.........Read 16th Nifty Pre-Market View:
Nifty heading towards 61.8% @ 6142.
Week TA has given a sell on rises which would take Nifty towards WLEma-6090 & Lower.
Oversold Hour TA would produce a minor bounce only if Nifty is able to find a support near 6142 & 6130, 50dsma.
On Friday, Nifty showed a critical intraday resistances @ 6185, day pivot @ 6179.
Last fall progressing from 6187.
Manage your "intraday trades" accordingly.
"Sell on Rise" continues till below "6243-51".

Nifty, downtrending, used global cues to "sell Off".

Nifty, assisted by +ve global cues, reached ST averages & sold off..

Nifty, uptrending, makes a new high despite global -ve cues.

Everyone dies one day...?
But the one who lives in fear dies everyday.
Most traders who are preoccupied with finding the tops and bottoms die everyday.
One who follows JNSAR is fearless as he/she is ready to face that "D" day while enjoying all the gains that comes his/her way since it triggered a "Buy or sell" many, many days ago. For a JNSAR trader, the "D" day is a "Rebirth day" as the trades would change from "buy to sell" or "Sell to buy".
Each study has its drawbacks but the one with limited drawbacks is preferred.
We are on a study tour with "Trendlines", "Trendfollowing" and "Macd". We have noticed some  whipsawing moments when we get closer to the market as in "short term (Hour)". However, the whipsaws reduce as the time frame gets larger to Day, week & Month.
Choose your style and make your stop loss/ trade management in commensurate with the time frame chosen. For eg: An intraday trade would have 10 or 20 points SL depending on the volatility.

Nifty PreMarket View

Nifty PreMarket View

Using global cues requires thorough understanding of our market's technicals. It has worked "most" of the times.These cues provide you with excellent entry points which would not have been possible under normal conditions.
Hour TA is oversold along with day TA nearing oversold condition. There are two ways market could act unlike yesterday's "one way".
A. Based on the alt.EW (B.b) & Harpreet's(Happy) Gartley pattern's 4690-4710 reversal point, market could use the negative cues to make a bottom around 4700 and start a bounce and breaching the 80% of the decline from 4918, make it a rally.
B. Based on the pref. EW (C), market could consider a pause around 4690-4710, do a bounce of 75+ points and continue to fall in the later half. In such a situation, OS conditions get more oversold and the oscillators just stays down like the last time.

Nifty, downtrending, uses +ve global cues to sell off to close below all the TT numbers.

Nifty had given a fast fall set up few days ago and is revisiting the earlier lows again. Bulls have a small chance of recovering if either 4690 or 4720 is held tomorrow & recovers.(alt.B.b gets completed there). Harpreet(Happy) has given one such Gartley pattern below.

1. JustNifty TA(13th Dec)

Possible gartley in making in nifty day chart, with leg BC in the making and should be completed by 15th dec @4690-4710 level, below that there are possiblity of Shark pattern or even a ABCD, will update about other possibilities in case 4690 is taken out earlier. Courtesy: Harpreet(Happy)

Nifty continues in "Sell on Rise" but nearing oversold with WLEma being the crucial support.

EW possibility of the minor "v"th, coupled with "Sell on rises during downtrend with +ve global cues" provided the selling point within the 5225-45 zone and attempted a breach of Friday's low -5142.
On a closing price chart (See the 9-rsi chart below), Nifty was resisted @ 5115-5145 zone on at least 6 occasions recently. Prices stabilizing in this zone would result in a short term reversal.

Ability of Nifty to find support near WLEma & 50Sma, incase of breach of 5115 and then to move higher past 5180 & sustaining could turn it "Neutral".

1. JustNifty TA(15.11.11)

2. BankNifty TA(15.11.11)