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Thursday, March 24, 2011

NIFTY CHANNEL BREAK &TRIANGLE --UPDATE

NIFTY CHANNEL BREAKOUT IN HOURLY CHART
In the above chart nifty broke the channel in hourly time frame, as long as nifty trades above this channel the bull are safe, Watch out the false breakout, also the prices are approaching the 50DMA, which could act as resistance, once crossed the Bulls will get more strength.




                                      NIFTY TRIANGLE IN DAILY CHARTS--- UPDATE


As nifty is approaching the Apex of the triangle the range is shrinking, today the prices reached near the top of the band, watch out the breakout. If fail to cross the upper band and nifty fall back to channel boundry in hourly charts , nifty may start moving towards the lower band of the triangle.
Posted by Unknown at 10:52 AM
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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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