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Monday, March 7, 2011

NIFTY FUTURE ANALYSIS

NIFTY FUTURE SUPPORT AND RESISTANCE
FALSE BREAKOUT OF TRIANGLE
The first chart shows the resistance and support in hourly charts in Nifty Futures, a break of the range will give good directions to the markets.
In the second charts, looks like a false breakout from the triangle, the uncertainty continues...........
Boiling Crude, DMK threatening withdraw support, Shining Gold and Silver, So far a good Indian world cup Campaign, and volatile market with no direction at all, advise is to stay light in positions in equity, and book smaller profits.
Posted by Unknown at 6:39 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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