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Monday, February 21, 2011

NIFTY INVERTED HEAD AND SHOULDER

 Possible Inverted Head & Shoulder formation in 4 Hour Charts, the formation gets completed at 5608-14.
 Break of the neck line would see nifty flying, the ascending shoulder support line which is considered to be bullish reversal pattern.

watch out for the formation to be completed above 5608, 
 200 dma which is currently around 5670 would be a major resistance.
Today's sharp rally from 5414 to 5518 has only added spice to the expiry.
Posted by Unknown at 6:32 PM
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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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