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Thursday, September 22, 2011

NIFTY INTRADAY UPDATE- failed attempt at 38dema/ FALSE TRIANGLE BREAKOUT

BUZZING NIFTY: FAILED TO SUSTAIN ABOVE 38DEMA/ FALSE TRIANGLE BREAKOUT
Nifty not able to sustain above 38DEMA, triggering another sell off- Thanks to negative global clues
Typical false breakout of wave 4th, possibility of nifty hitting newer lows would get confirm on a break below 4880 level.

1 comment:

Sonal Jain said...

• LME Copper to Move in a Tight Range.
• Brent, NYMEX weaker in Asia as oversupply views dominate.
• Gold trades in narrow range in Asia with India domestic demand eyed.
CapitalStars

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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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