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Wednesday, September 21, 2011

NIFTY TRIANGLE BREAKOUT/ STAYING ABOVE 38DEMA

  
BUZZING NIFTY: TRIANGLE BREAKOUT/ STAYING ABOVE 38DEMA
Nifty despite closing in red today(-7 Points)and closed at 5133, managed to sustain above 38DEMA at 5127 levels,in the process tested the triangle and bounced, mainly due to the strength in the banking stocks, staying above 5127 may target the resistance Zone of 5160-5190 levels, a fall below 5087 will confirm the sale



BUZZING NIFTY: TRIANGLE UPDATE
BANK NIFTY: Banking Stocks capitalized on the triangle breakout, and showed strength through out the day, as long as Bank Nifty Trades above its 31DSMA, the rally in nifty could continue.

Posted by Unknown at 4:47 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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