CHARTS AND PATTERNS ANALYSIS

Wednesday, October 3, 2012

NIFTY FUTURE - SBI - RELCAP ANALYSIS FOR 04/10/12

TAKE A LOSS WHERE NECESSARY : Knowing when to take a loss is the most important lesson any day trader ever learns. If you keep your losses small, you can come back to fight another day. As long as you control the loss in a calm, professional way, keeping it within the limits you have set for your money management strategy, it is STILL a good trade!

LAST CLOSE @ 5768

STIFF RESISTANCE AROUND 5785----- 5795 LEVELS

STRONG SUPPORT @ 5635----- - 56345 LEVELS

IMMEDIATE RESISTANCE @ 5775

TRADING ABOVE 5775

INDICATING BULLS IN POWER

TARGET FOR BULLS IN INTRADAY

5795---------5818------- - 5825

MINOR RESISTANCE AROUND 5780- 5785 LEVELS

SUPPOSE TRADING BELOW 5760

WILL TAKE TO 5740------ 5735--------- - 5725 LEVELS NOT RULED OUT IN INTRA

THREE DAYS CLOSING + WEEKLY CLOSING ABOVE 5775

ULTIMATE TARGET 5885 AND 5910 NOT RULED OUT

IN COMING DAYS

THREE DAYS CLOSING + WEEKLY CLOSING BELOW 5750

TARGET FOR BEARS

5690------- 5650---------- 5625 NOT RULED OUT

STRONG SUPPORT @ 5625 (CLOSING BASIS)

LAST CLOSE @ 2297

STRONG SUPPORT @ 2280

PRICE TRADING ABOVE 2305 FAVOUR BULLS ONLY

CAN EXPECT FIRE WORKS UPTO

2325 - 2350 - 2375 NOT RULED OUT IN INTRA

TWO DAYS CLOSING + WEEKLY CLOSING ABOVE 2305

ULTIMATE TARGET FOR BULLS

2355 - 2400- 2450 IN COMING DAYS

KEEP AN EYE @ 2280

BELIEVE IT OR NOT

LAST CLOSE @ 444

IMMEDIATE RESISTANCE @ 453

STRONG SUPPORT @ 435- 430

IF BULLS CAN SUSTAIN ABOVE 444

INTRADAY TARGET FOR BULLS

453- 460

THEREAFTER 470

ULTIMATE TARGET 500 OR 550 ???

JUST WAIT AND SEE

Subject To Disclaimer

Tuesday, October 2, 2012

NIFTY FUTURE - ICICI - AXIS - RELCAP AND RELINFRA TRADING STRATEGIES FOR 03/10/12

As a trader , losses are part of our business. You can’t avoid them . However , there’s a huge difference between losing big on a regular basis and losing small in controlled trading paln . If u can’t accept that fact , you simply shouldn’t trade.If you need to succeed with trading , then you MUST invest both time and money to acquire the knowledge that you need , the discipline to follow your trading strategy and the patience to wait for the “ perfect Trade “

LAST CLOSE @ 5754

STIFF RESISTANCE AROUND 5785----- 5795 LEVELS

STRONG SUPPORT @ 5635----- - 56345 LEVELS

IMMEDIATE RESISTANCE @ 5766

TRADING ABOVE 5766

INDICATING BULLS IN POWER

TARGET FOR BULLS IN INTRADAY

5795.....?????

MINOR RESISTANCE @ 5780- 5785 LEVELS

SUPPOSE TRADING BELOW 5755

WILL TAKE TO 5735------ 5727--------- - 5710 LEVELS NOT RULED OUT IN INTRA

THREE DAYS CLOSING + WEEKLY CLOSING ABOVE 5775

ULTIMATE TARGET 5885 AND 5910 NOT RULED OUT

IN COMING DAYS

THREE DAYS CLOSING + WEEKLY CLOSING BELOW 5750

TARGET FOR BEARS

5690------- 5650---------- 5625 NOT RULED OUT

STRONG SUPPORT @ 5625 (CLOSING BASIS)

LAST CLOSE @ 1051

STRONG SUPPORT @ 1040

TRADING ABOVE 1050

SEE RALLY UPTO 1061 AND 1072

STRONG RESISTANCE @ 1086

TRADING BELOW 1040

TARGET 1030 --------- 1020

LAST CLOSE @ 1131

RESISTANCE @ 1143-------1150

STRONG SUPPORT AROUND 1117 ------- 1120 LEVELS

LAST CLOSE @ 444

TRADING ABOVE 444

SEE SHARP RALLY UPTO 460 - 470 NOT RULED OUT IN INTRA

IMMEDIATE SUPPORT @ 442 AND 435 LEVELS

LAST CLOSE @ 553

IN INTRADAY TRADING ABOVE 555

WILL TAKE TO 562 AND 570 NOT RULED OUT

SUPPORT @ 543 --------- 535

Sunday, September 30, 2012

NIFTY FUTURE - SBI -ICICI - AXIS - RELCAP ANALYSIS FOR 01/10/12

DON'T CHASE THE MARKET. If you are slow, and miss a day trade that suddenly looks like it would have made you a fortune, do NOT panic and try to jump in late - you will almost certainly be buying the top or selling the bottom. Remember that the market will be there tomorrow, and the day after, and for ever, so ANY trade, no matter how important it looks, can be ignored if necessary. Keeping your powder dry, and being ready for the next one, is more important than hitting every day trading opportunity you see. Many successful day traders only trade for a few hours a day - they miss plenty of action but don't care, because they know the market will be around when they come back.

LAST CLOSE @ 5730

THE SHORT TERM TECHNICAL PICTURE IS STILL BULLISH.

FOLLOW BUY ON DIPS STRATEGY

A BREAKDOWN BELOW 5630 WILL SIGNAL THAT THE UPTREND IS FINISHED AND ALSO A MOVE ABOVE 5770 SIGNAL CONTINUATION OF UPMOVE

MAIN SUPPORT AROUND @ 5640---------- 5630 LEVELS

MAIN RESISTANCE AROUND @ 5780--------- 5790 LEVELS

IF PRICE CAN TRADE AND SUSTAIN ABOVE 5735 WITH VOLUME FOR 10- 20 MINUTES

THEN BULLS TRY TO KISS

5766 ------ 5780 ------- 5785- -----5790

TRADE BELOW 5730

SEE NON STOP FALL UPTO

5708 -------- 5700

THEREAFTER

5678 AND 5670 WILL ACT AS SUPPORT

LAST CLOSE @ 2241

MAIN SUPPORT @ 2170- 2155

MAIN RESISTANCE @ 2285- 2300

INTRADAY VIEW

TRADING BELOW 2240...INDICATING WEAKNESS

SEE SLIDE UPTO 2225 - 2215

INTRADAY RESISTANCE @

2252 ------- 2265- -------2278

LAST CLOSE @ 1059

MAIN SUPPORT @ 1050 AND 1030

MAIN RESISTANCE @ 1085 AND 1090

INTRADAY VIEW

SUPPORT @ 1050 AND 1041

INTRADAY RESISTANCE

1072 AND 1080

LAST CLOSE @ 431.50

SUPPORT @ 420- ---------423 LEVELS

STIFF RESISTANCE AROUND 445

LAST CLOSE @ 1136

INTRADAY SUPPORT @ 1130 - 1120

STRONG SUPPORT @ 1120

RESISTANCE AROUND 1150 AND 1160

Subject To Disclaimer

SIMPLE ANALYSIS OF INFY - SBI -HDIL - RELIANCE

IMPORTANCE OF VOLUME

ALERT !!! VOLUME DIVERGENCE IN SBI
Volume is an important indicator in gauging the strength of a move, wheather upward or downward. If an up or down side price movement is accompanied by high volume, the move can be termed as strong.

If a

stock is an uptrend but the up trading days are marked by lower volumes , it is assign that the trend is starting to lose steam as the bulls are exhausted and such a trend may end soon.

When a market or stock is rising , but the volume is falling, it indicates that the price is no longer driven by demand. Decreasing volume coupled with rising prices is generally a warning signal and one should be careful at this point may lead to an imminent correction.