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Wednesday, February 16, 2011

NIFTY CONTINUATION OF PATTERNS

NIFTY IS FOLLOWING A CONTINUATION IN THE PRICE PATTERN, ONLY THE PRICE RANGE SEEMS TO BE INCREASING.
1. FIBONACCI  PROJECTION SHOWS THE FALL FROM 6284 TO 5966 RETRACED 38.2%, TESTED THE BOTTOM, RETRACED ALMOST 100, ONLY TO FALL 138.2% TO 5690
2. THE SAME PATTERN WAS REPEATED FORM 6338 TO 5690 TO RETRACE 38.2% @ 6069 AGAIN TESTED THE NEWLY CREATED BOTTOM , ALMOST REACHED THE TOP BEFORE FALLING 138.2% TO 5177.
3. WILL NIFTY REPEAT THIS PATTERN AGAIN?????
    IF SO THEN NIFTY SHOULD REACH 5680 ODD LEVEL BEFORE FALLING. THIS ALSO           COINCIDES WITH OUR EW WAVE 4 TARGET, POSTED UNDER WEEKEND ANALYSIS.
   WILL POST DETAILED ANALYSIS ON THE ABOVE OBSERVATION AS THE PRICES UNFOLDS.

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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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