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Monday, January 7, 2013
Wednesday, January 2, 2013
YEAR 2012 FOR BANKNIFTY & WHATS COMING AHEAD!!!
BUZZING NIFTY: BANK NIFTY 2012 CHART |
FOR 2013 BE CAUTIOUS AS TWO VERY RELIABLE PATTERNS INDICATE DOWNSIDE FOR THE INDEX. A POSSIBLE BUMP AND RUN REVERSAL PATTERN DEVELOPING WHICH WOULD BE ACTIVATED ON THE BREAK OF THE RED LINE.
ALSO A BEARISH RISING WEDGE FORMATION INDICATE THE TOP IS NEAR IN THE BANK NIFTY
KEEPING AN EYE ON THE BREAK OF RED LINE SHOULD BE REWARDING THE TRADERS AND THE BREAK OF 1 JAN LOW OF 12550 LEVEL TO BE WATCHED AS FIRST SIGN OF WEAKNESS, TILL THEN BE WITH THE TREND AND HOLD LONGS AND FRESH LONGS CAN BE ADDED ON THE BREAK OF THE UPPER TREND LINE.
Labels:
BANK NIFTY,
BUMP AND RUN,
RISING/FALLING WEDGE
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NIFTY STOP AND REVERSE TRADING STRATEGY
NIFTY SAR(STOP AND REVERSE) FOR THE NEXT DAY IS POSTED ON DAILY BASIS ON FACEBOOK GROUP NIFTYHOLIC.
ALL VALUES ARE FOR SPOT NIFTY, TRADE THE FUTURES ACCORDINGLY
SAMPLE SAR
NIFTY SAR FOR 23RD MARCH 2011
ALL VALUES ARE FOR SPOT NIFTY, TRADE THE FUTURES ACCORDINGLY
SAMPLE SAR
NIFTY SAR FOR 23RD MARCH 2011
SAR FOR 23RD MARCH,
SELL NIFTY BELOW 5405 AND GO LONG ABOVE 5430
IF HOLDS ON CLOSING BASIS
...
LAST TRADE
PART BOOKED @5385=120 POINTS OR 6000 RS.
CLOSED THE POSITION ON 22ND MARCH @5405=100 POINTS OR 5000 RS.
TOTAL PROFIT IN LAST TRADE WITH 2 LOTS=11000/-
AS ON 22ND MARCH
NIFTY RANGE FOR THE MARCH SERIES 5214.38 -- 5613.32
PCR INDEX OPTIONS-- 1.13(BEARISH)
INDIA VIX --22.26
SMR(smart Money Ratio)=16.73053(Bearish)
DISCLAIMER
Any action you choose to take in the markets is totally your own responsibility. Buzzingnifty™ will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The services are based on technical analysis. They are neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.