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Wednesday, September 21, 2011

NIFTY INTRADAY UPDATE- support of 38dema/ TRIANGLE BREAKOUT

BUZZING NIFTY: TRIANGLE BREAKOUT/STAYING ABOVE 38DEMA
As suggested yesterday, Nifty took support at 38DEMA,  staying above it may continue moving up , resistance zone of 5170-95 once cleared might target 5220-30

1 comment:

Sonal Jain said...

TCS' UK based subsidiary Diligenta secured a 15-year deal from Scottish Widows insurance company.
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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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