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Thursday, August 11, 2011

NIFTY SHOWING SIGNS OF V-SHAPED RECOVERY-- UPDATE

  • NIFTY V SHAPED RECOVERY-- UPDATE
  •  NIFTY GOT RESISTED AT THE TREND LINE, AS SHOWN IN YESTERDAYS POST
  •  NIFTY ALSO BROKE THE SUPPORT LINE, BUT SHOWING SIGNS OF CONSOLIDATION WITHIN THE RANGE FORMED BETWEEN 5120 AND 5180 LEVEL
  • HOWEVER THE POSSIBILITY OF BULLISH FLAG REMAINS, IT GETS NEGATED BELOW 5097
  • A TRADE CAN BE INITIATED IN THE DIRECTION OF THE BREAK OF THE RANGE OF 5120-5180


 

REFER YESTERDAYS POST FOR MORE CLARIFICATION
http://buzzingnifty.blogspot.com/2011/08/nifty-showing-signs-of-v-shaped.html
Posted by Unknown at 4:58 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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