Thursday, November 1, 2012
PERFORMANCE
LAST 6 DAYS PERFORMANCE
SELL NIFTY FUT @ 5640 BOOKED PROFIT @ 5618 ( 22 POINTS PROFIT/LOT)
SELL NIFTY FUT @ 5643 BOOKED PROFIT @ 5622 ( 21 POINTS PROFIT / LOT)
BUY NIFTY FUT @ 5645 BOOKED LOSS @ 5632 ( 13 POINTS LOSS /LOT)
SELL NIFTY FUT @ 5723 BOOKED PROFIT @ 5684 ( 39 POINTS PROFIT / LOT)
SELL NIFTY FUT @ 5705 BOOKED LOSS @ 5715 ( 10 POINTS LOSS / LOT)
BUY NIFTY PE 5800 @ 133 BOOKED PROFIT @ 151 ( 18 POINTS PROFIT / LOT)
Tuesday, October 30, 2012
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
Monday, October 29, 2012
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
Sunday, October 28, 2012
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
Monday, October 22, 2012
NIFTY FUTURE TRADING STRATEGY FOR 23/10/12
Trade what you see, Not what you think.
— ~ 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
Sunday, October 21, 2012
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
Saturday, October 20, 2012
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
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