NIFTY TREND TODAY AND TOMORROW

Buy Mcdowell 1900 call @54 tg 76 ,93 sl 23

NIFTY OUTLOOK FOR TOMORROW

Nifty  bounced back in late trade, helped by heavyweights ITC and HDFC. Nifty closed above 6000 level for the first time in last three sessions on some short covering, rising 13.30 points to 6,001. This means that for three consecutive Nifty opened higher and closed lower and yesterday it just did not recover from 6000. The most critical levels are located between 6000 and 6010 unless this range is decisively cleared you should not be expecting any recovery. ...

5.GOLDEN RULES TO TRADE IN FUTURE

1.Never let a winner turn into a loser: Always make your own trading plan. Knowing how much you are willing to risk on any one particular trade is just as important as knowing how much you are willing to risk on trading in general. 

2.Take profit: Margin is one of the great advantages to trading Futures. The margins on futures products tend to be far less than that of stocks.....

NIFTY TIPS FOR 11 DEC 2012

BUY NIFTY 6000 CALL @ 40 TG 66,79 SL 22
PANTALOONR 230 Put igiven in last postmade high of 9.6 continue to hold for tgt.

Nifty found good support at 5900,as we predicted the upswing continued today. It made a high of 5914 and a low of 5894 today. It  recovered from the day's low to provisionally end flat on Monday led by a rally in public sector banks

What do you mean by support and resistance?

Support and resistance represent key junctures where the forces of supply and demand meet. 

Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell .Resistance is the price level at which selling is thought to be strong enough to prevent the price from rising further. The logic dictates that as the price advances towards resistance, sellers become more inclined to sell and buyers become less inclined to buy. After a resistance level is penetrated, it often becomes a support level this is because buyers who didn't buy at that price before it went up are now willing to buy at that price. Support and resistance play different roles in uptrends and downtrends.....

NIFTY TIPS FOR 8 JUN 2012

It was a follow-up rally of nifty on Thursday led by banks, oil & gas, capital goods, auto and metals stocks. Benchmarks rallied more than 1% on Thursday and over 4% in the week so far.

 The S&P CNX Nifty rose 52.55 points  to 5049,its highest closing level since 7 may 2012. The index hit a high of 5059 and low of 5007 in intraday trade.

We expect the current momentum in the index to continue as the majority of stocks is deeply oversold and a sharp technical pullback on the short covering was pretty much on the cards.

5 GOLDEN RULES TO TRADE IN NIFTY

5    GOLDEN RULES TO TRADE IN NIFTY

1. WATCH BEFORE U TRADE

   
 Never trade in nifty in first half hour.Always make it habit to trade in Nifty Future after carefully watching movement with price and volume changes.It is always better strategy is to stand aside ,let the future establish an early trading range ,and then enter a range break.


2. KEEP STRICT STOP LOSS

This is most important point which most traders do not follow..If you are on wrong side of trade accept it..the sooner the better.

3.TRADING IS NOT COMPULSORY

Many people are compulsory traders and gets addicted to it which is very dangerous phenomenon.There can be days when market lack momentum or u are not so sure for trading.Avoid trading in such case.

4. NEVER CONVERT INTRADAY TRADE INTO POSITIONAL

If you have entered in a trade with intra day view, then never carry it forward to next day.

5.TRADE REASONABLY

Don’t expect high profits while entering into the trade.You cannot earn all the money you desire in a single day.Take this as any other business and grab profits as early as possible and try to invest it in some other sector.

NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR  9  APRIL 2012

As we have predicted in previous post the movement in the market was in very narrow range . With RBI policy and earnings , APRIL is going to be an important month for the market.

Index opened at the level of 5328 made a high of 5336 and low of 5306 in today’s trading session.

The key level to watch out for is 5340 if nifty trades below it then it would show the initial signs of weakness . The range from 5320 through 5286 is strong support zone .

The whole range between 5379-5405 could act as major supply zone . It is better to exist from short term long positions at high levels above 5350 rather than initiating fresh ones.

NIFTY  LEVELS FOR TOMORROW

RESISTANCE1	5330	SUPPORT1	5306
RESISTANCE2	5350	SUPPORT2	5290
RE SISTANCE3	5380	SUPPORT3	5260