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Saturday, January 22, 2011

Nifty Weekend Update



The first chart shows the formation of descending triangle which is a bearish pattern. watch out for the break if the channel in either direction can give a good move of around 200-220 points.

The second chart is a falling wedge in daily chart which is a bullish pattern.

 Things to keep in mind
Ichimoku still below komu with a strong bearish cross.
Bearish engulfing in weekly chart.
Reliance and SBI results on Monday also RBI meet on Credit Policy on Tuesday may give a direction to the market for the short term
Expiry of Jan series on Thursday.
EXPECTING A THRILLER OF A WEEK AHEAD, WITH SHARP MOVES IN EITHER DIRECTION







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Posted by Harpreet at 4:10 PM 0 comments

Saturday, January 15, 2011

NIFTY BEARISH CROSS

Posted by Harpreet at 3:59 PM 0 comments

Friday, January 14, 2011

Bump and Run Reversal Update

As suggested BUMP & RUN is a reversal pattern. returns to date around 7%  or 422 points.
Posted by Harpreet at 6:14 PM 0 comments
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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

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)


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