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Wednesday, October 12, 2011

NIFTY ANALYSIS BEFORE OPENING BELL-Fibonacci Extention

BUZZING NIFTY: FIBONACCI RETRACEMENT
Today Nifty got resisted at 123.6% of the last fall from 5036-4727
Nifty Closed above 50SMA,  might target 100SMA @ 5278 Level
Immediate support for this up-move is at 5036, which was the previous swing high as well as 50 SMA
Fibo Extension Targets above 5110 are 5155,5192and 5228 on the way to 100 SMA.

Posted by Unknown at 11:39 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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