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Showing posts with label NIFTY TRADE SETUP. Show all posts
Showing posts with label NIFTY TRADE SETUP. Show all posts

Monday, December 12, 2011

NIFTY TRADE SETUP FOR THE WEEK 12-17DEC 2011

Nifty continues to trade in the range, after quick recovery from the low of 4639 the index is slowly moving towards the bottom.
A bearish Gartley is in the making and if nifty finds support between 4680-4720 levels the we would be moving north to complete the pattern.

TRADE SETUP FOR THE WEEK: Expected high /low for the week 4982/4724, with pivot at 4932, positions taken near these levels would yield good returns, SAR traders are short near the pivot since last Friday and already part booked at 50& 100 points respectively
Posted by Unknown at 12:22 PM 1 comments
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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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