NIFTY FUTURE TRADING STRATEGY FOR 31/10/12

Trade with a plan – not with hope, greed, or fear. Plan where you will get in the market, plan how much you will risk on the trade, and plan where you will take your profits.

LAST CLOSE @ 5628

TRADING BELOW 5637 FOR 15-20 MINUTES WITH VOLUME

WATCH NONSTOP SLIDE UPTO

5620 - 5595 - 5585

STRONG SUPPORT AROUND 5585 LEVELS

RESISTANCE @ 5638 - 5645 - 5665 LEVELS

BULLS NEED TO CLOSE ABOVE 5645 FOR NEXT UPMOVE

OTHERWISE WE CAN EXPECT 5585 ----5550 -----5530 LEVELS VERY SOON

STIFF RESISTANCE AROUND 5645  - 5665 LEVELS

 Subject To Disclaimer

NIFTY FUTURE TRADING STRATEGY FOR 30/10/12

GOLDEN RULE

Analyze your losses. Learn from your losses. They're expensive lessons; you paid for them. Most traders don't learn from their mistakes because they don't like to think about them.

LAST CLOSE @ 5702

SUPPORT @ 5681 AND RESISTANCE @ 5730

MADE LOW 5678 AND MADE HIGH 5730

TRADING BELOW 5700.....SIGNALLING BEARS IN POWER

MAY TRY TO EXTENT THE FALL UPTO

 5675--------5666---------5645

MAIN SUPPORT  AROUND 5645 - 5637 LEVELS

IF BULLS CAN SUSTAIN ABOVE 5700 WITH VOLUME FOR 15- 20 MIN

EXPECT RALLY UPTO 

5730 ---------- 5744------5750 LEVELS

THEREAFTER  5757 WILL ACT AS RESISTANCE FOR BULLS

STIFF RESISTANCE AROUND 5745 - 5750 LEVELS

IN SHORT TERM TRADING AND CLOSING ABOVE 5645.....NO PROBLEM FOR BULLS

SUPPOSE 2-3 DAYS CLOSING BELOW 5645.....NEXT TARGET FOR BEARS.....?????

SUPPOSE 2-3 DAYS CLOSING ABOVE 5750.....NEXT TARGET FOR BULLS.....????

Subject To Disclaimer

NIFTY FUTURE TRADING STRATEGY FOR 29/10/12

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” Warren Buffet

LAST CLOSE @ 5699.30

LAST 12 TRADING DAYS NIFTY FUTURE TRADING RANGE IN BETWEEN 

5749 - 5667 LEVELS

THIS WEEK WE CAN EXPECT SOME BREAKOUT OR BREAKDOWN  FROM THESE TRADING RANGE LEVELS AND BIG MOVE ON CARD AT LEAST 100- 120 POINTS

UP OR DOWN????

ON THE BASIS OF WEEKLY CHART ANALYSIS

RESISTANCE @ 5745-------5775---------5855

SUPPORT @ 5666--------5637--------5597

ON THE BASIS OF DAILY CHART

INTRADAY VIEW

TRADING BELOW 5700 FOR 15- 20 MINUTES WITH VOLUME 

WATCH PANIC UPTO 5681 AND 5666 LEVELS

THEREAFTER TARGET FOR BEARS MAYBE

5645

IF BULLS CAN SUSTAIN AND TRADE ABOVE 5700

BULLS MAY TRY TO KISS

5718 - 5730 LEVELS

ONCE CROSSOVER 5730 AND SUSTAIN 

WATCH RALLY UPTO 5743 LEVELS

STIFF RESISTANCE AROUND 5632 AND 5643 LEVELS

Subject To Disclaimer

NIFTY FUTURE TRADING STRATEGY FOR 23/10/12

Trade what you see, Not what you think.

— Joe RossThe whole secret to winning in the stock market is to lose the least amount possible when you’re not right.

— ~ William O’Neil

LAST CLOSE @ 5725

ON THE BASIS OF WEEKLY CHART

RESISTANCE @ 5745------------ 5766---------------- 5775

SUPPORT @ 5656 --------------------- 5645------------5635

RESISTANCE @ 5722 - 5732 AND SUPPORT @ 5665- 5645

MADE HIGH 5731 AND MADE LOW 5666

RESISTANCE AROUND 5746 - 5757 - 5775

STIFF RESISTANCE AROUND 5745 -----5750 LEVELS

SUPPOSE TRADING BELOW 5720 WITH VOLUMES FOR 15- 20 MINUTES

SEE NON STOP SLIDE UPTO

5695 ----------------- 5665 ------------------- 5656 LEVELS

FOR INTRADAY

MAIN SUPPORT @ 5665

MAIN RESISTANCE @ 5750

ALREADY WRITTEN

2- 3 DAYS CONSECUTIVE CLOSING BELOW 5650

EXPECT FALL UPTO 5620-------5570 LEVELS VERY SOON

2-3 DAYS CONSECUTIVE CLOSING ABOVE 5740

CAN EXPECT RALLY UPTO 

5825----------5850 LEVELS VERY SOON

NIFTY FUTURE - SBI - ICICI TRADING STRATEGIES FOR 22/10/12

  

LAST CLOSE @ 5688

ON THE BASIS OF WEEKLY CHART

RESISTANCE @ 5745------------ 5766---------------- 5775

SUPPORT @ 5656 --------------------- 5645------------5635

IF BULLS CAN SUSTAIN ABOVE 5695

TARGET FOR BULLS

5722------------5732-----------5744

STIFF RESISTANCE AROUND 5745 -----5750 LEVELS

BULLS NEED TO CLOSE AND SUSTAIN ABOVE 5750 FOR NEXT ROUND OF FIREWORKS

UPTO 5775 ---------5825 LEVELS

IF PRICE TRADE AND SUSTAIN BELOW 5695 WITH VOLUMES FOR 15-20 MINUTES

WATCH NONSTOP SLIDE UPTO 

5665---------5645-----------5635 LEVELS NOT RULED OUT IN INTRADAY ITSELF.

2- 3 DAYS CLOSING BELOW 5650

EXPECT FALL UPTO 5620-------5570 LEVELS VERY SOON

2-3 DAYS CLOSING ABOVE 5740

CAN EXPECT RALLY UPTO 

5825----------5850 LEVELS VERY SOON

LAST CLOSE @ 2258

TRADING BELOW 2255

SEE PANIC UPTO 2230- 2218 LEVELS

THERAFTER 2205 WILL ACT AS SUPPORT

RESISTANCE @ 2280 AND 2285 LEVELS

LAST CLOSE @ 1057

BELOW 1055

 INTRADAY TARGET MAY BE 1050-------1042

RESISTANCE @ 1067 AND 1076 LEVELS

Subject To Disclaimer

500 TECHNICAL ANALYSIS TERMS

500 TECHNICAL ANALYSIS TERMS

TECHNICAL ANALYSIS DICTIONARY

http://www.investopedia.com/categories/technicalanalysis.asp#axzz1Xcr0HOpV

SUPPORT AND RESISTANCE LEVELS

WHAT IS SUPPORT?

•      A support level is the price at which buyers are expected to enter the market in sufficient numbers to take control from sellers.

•      Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell. By the time the price reaches the support level, it is believed that demand will overcome supply and prevent the price from falling below support.

•      Usually support is identified by a previous reaction low or trough on the bar chart.

•      Horizontal lines are drawn on the bar chart to indicate the areas of support and resistance.

•      Support does not always hold and a break below support signals that the bears have won out over the bulls. A decline below support indicates a new willingness to sell and/or a lack of incentive to buy.

•       Once support is broken, another support level will have to be established at a lower level.

CONCEPT OF SUPPORT

•      When price falls to a new Low and then rallies, buyers who missed out on the first trough will be inclined to buy if price returns to that level. Afraid of missing out for a second time, they may enter the market in sufficient numbers to take control from sellers. The result is a rally, reinforcing perceptions that price is unlikely to fall further and creating a support level.

RESISTANCE

 

RESISTANCE

•      A resistance level is the price level at which sellers are expected to enter the market in sufficient numbers to take control from buyers.

•      Resistance is the price level at which selling is thought to be strong enough to prevent the price from rising further. The logic dictates that as the price advances towards resistance, sellers become more inclined to sell and buyers become less inclined to buy. By the time the price reaches the resistance level, it is believed that supply will overcome demand and prevent the price from rising above resistance.

CONCEPT OF RESISTANCE

•      When price makes a new High and then retreats, sellers who missed the previous peak will be inclined to sell when price returns to that level. Afraid of missing out a second time, they may enter the market in numbers sufficient to overwhelm buyers. The resulting correction will reinforce market perceptions that price is unlikely to move higher and establish a resistance level.

•      A resistance level is identified by a previous price high or peak on the chart.

Types of Support and Resistance

Depending on the duration support and resistance can be categorised into: 

1.Minor Support or Resistance- Support and Resistances that have been formed based on the price movement for ranges measured in terms of weeks.

2. Intermediate Support or Resistance - Support and Resistances that have been formed based on the price movement for ranges measured in terms of months.

3. Major Support or Resistance - Support and Resistances that have been formed based on the price movement for ranges measured in terms of years.

Breakouts and Breakdowns

BREAK DOWN

BREAK OUT

Movement of the stock prices beyond Supports and Resistance led to breakdowns and breakouts. This causes a sudden change in sentiment and led to huge price movement beyond the Supports and Resistance. The support then becomes a resistance in the case of breakdown and the resistance becomes support in case of breakout.

BUY AND SELL SIGNAL

•      Buy Signal

Buy when price touches the support line

•      Sell Signal

Sell when price touches the resistance line.

Breaking Support & Resistance

•      If price breaks below support, then that support level becomes the new resistance level.

•      If price breaks above support, then that resistance level becomes the new support level.

SUPPORT BECOMES RESISTANCE and RESISTANCE BECOME SUPPORT

STRENGTH OF SUPPORT AND RESISTANCE

•      Some support and resistance levels are more important than others. The significance of the support level is identifiable by:

•      the number of times that the level has been respected;

•      the amount of volume that has been traded near the level;

•      whether the level is old or new - recent levels have greater significance;

•      whether the level is a new High or new Low - more extreme levels have greater impact; or

•      a level formed at a round number (e.g. 20.00 or 100.00) leaves a lasting imprint.

TRENDING AND CONSOLIDATING MARKET

NIFTY FUTURE TRADING STRATEGY FOR 19/10/12

A smart man cannot follow another man blindly even though the other man is right, because you cannot have confidence and act on advice when you do not know what it is based on.— W.D.Gann

LAST CLOSE @ 5736

TRADING ABOVE 5732

BULLS MAY TRY TO EXTENT THE RALLY UPTO

5748-------5760 LEVELS

THEREAFTER 5775 WILL ACT AS HURDLE

STIFF RESISTANCE AROUND 5775 - 5780 LEVELS

SUPPOSE TRADING BELOW 5730 FOR 15- 20 MINUTES WITH VOLUME

EXPECT NON STOP SLIDE UPTO 5715 - 5710 LEVELS

ONCE BREAK AND SUSTAINING  BELOW 5715

TRY TO HIT 5695 LEVELS 

MAIN SUPPORT @ 5656 AND 5636 LEVELS

2 - 3 DAYS  + WEEKLY CLOSING ABOVE 5740

WILL TAKE TO 5825 - 5845  LEVELS VERY SOON

Subject To Disclaimer