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Wednesday, March 30, 2011

NIFTY FIBONACCI RESISTANCE

Nifty has retraced 68.2% @5797, of the fall from 6181 to 5177.A close above 5797 will only add more strength to the bull, with expiry day arriving, current upmove should not end without adding more pains to the bears camp.
FIBONACCI RETRACEMENT AND CHANNEL TOP




NIFTY GARTLEY
In the second chart is shown the prices taking a pause at the bottom of the price range of the Gartley pattern.A good news for the bears is that the pattern will be completed on Wednesday but not before taking every single bear out of trade.


1 comment:

Sonal Jain said...

Bajaj Electricals Ltd is trading at Rs 396, up by Rs 3.05 or 0.78% from its previous closing of Rs 392.95 on the BSE.
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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

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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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