WHAT IS THE NEXT RESISTANCE FOR NIFTY??

Nifty next resistance ??,see falling wedge,falling wedge line is a very good resistance for nifty. Only Nifty closing above falling wedge line,upmove can be expected.

WOW................... GREATTTTTTTTTTTTTT PROFITS

Greatttttttttttttt profit (yesterday we had mentioned our open position @ 4797)modified stoploss hit @ 4978,profit of 181 points in a single trade,what else u want in life.
                  This week with only one level of 4767 and 4797,we made huge profit of 327 points.What was your trade??

Forget world markets,forget inflation,iip data ,quarterly results everything and just trade with levels.On monday we took nifty future position @ 4801 with stoploss of 4767,tuesday nifty made a high of 4885 and missed our target by just 12 points,our trailing stoploss hit @ 4874.We made profit of  73 points in a single trade.In newsletter clearly mentioned how to trade with nifty weekly levels (with example)we had given if hits stoploss of 4767 goes down and comes back above 4767,buy with SL OF 4767,similarly today morning v bought @ 4773 with just 6 points stoploss,then nifty went up and made high of 4862,v had trailed our stoploss @ 4846 which was  triggered and v made profit of 73 points,and again @ 2.55 pm,v hav bought nifty @ 4797(same levels given in last newsletter) with SL of 4767(Position still open).
           Just check all the indian websites and see had anybody given positional long @ 4797 with SL of 4767.V dont need to update fake performance unlike others,everything is in front of u.If u had still not made any money with these levels ,definately cannot send money order.

WEEKLY POSITIONAL NIFTY FUTURE LEVELS 
BUY ABOVE- 4797, STOPLOSS-4767,TARGET-4897
SELL BELOW -4625,STOPLOSS-4655,TARGET-4525.


Note-Trade with strict stoploss,if hits stoploss and again trades above stoploss, buy again with same stoploss.Example-if nifty went above 4797 and u are holding long position with stoploss of 4767,next day nifty hits stoploss of 4767 makes low of  4750 and comes back above 4767,then buy with same stoploss of 4767.Again our target is same 4897.Just paper trade and try this strategy.These levels are valid only till friday or if stoploss or targets hit.

“Give a man a fish; you have fed him for today.  Teach a man to fish; and you have fed him for a lifetime”.

Above chart is weekly chart of nifty.(click on chart to enlarge).Nifty is falling in channel.It has breached an important support of 4720.Now nifty can fall upto the bottom of channel line.Nifty has support @ 4675 and 4558.Only daily closing back above 4720 may turn things in favour of bulls again.

As explained in older posts nifty gave a small pull back on tuesday and on wednesday as mentioned below 4720 it was a bloodbath in nifty.Is it magic ??No,it is the power of charts..Nifty is in falling  channel, and as long as it is below 4720 it is bearish.The solid support of 4720 now becomes a solid resistance for nifty.One can go long only on nifty closing above 4728 with stop loss of 4720(nifty spot).
TRADE WITH THE TREND BECOZ TREND IS YOUR FRIEND.
HAPPY TRADING.

No speculator can be right all the time. In fact, if a speculator is correct half of the time he is hitting a good average. Even being right three or four times out of ten should yield a person a fortune if he has the sense to cut his losses quickly on ventures where he has been wrong." - Bernard Baruch from "My Story"

(click on chart to enlarge )

FINALLY NIFTY FILLED GAP @ 4827.80.
RSI IS OVERSOLD,MACD BELOW ZERO LINE (NEGATIVE)
AS RSI IS OVERSOLD NIFTY CAN GIVE A SMALL PULL BACK,ON THE DOWNSIDE IF BREAKS 4720 NEXT TARGET IS 4200.

Today made low of 4838.Should we consider gap filled or not ?.
No it has to fill gap @ 4828.

18/11/2011

Nifty  Future        
Long only above 4959 for target 4975 other targets are 4987(T1),5002(T2),5028(T3), keep a stoploss of 10 or 15 points.      
And           
Short only below  4906 for target 4890 other targets are 4879(T1),4864(T2),4837(T3), keep a stoploss of 10 or 15 points.  

 

UPPER POINT-5001.50 LOWER POINT-4864.50

PERFORMANCE OF 17/11/2011
NIFTY FUTURE SOLD @ 5037-BOUGHT @ 5017 (PROFIT 20 POINTS)
NIFTY FUTURE BOUGHT @ 5025-SOLD @ 5040 (PROFIT 15 POINTS)
NIFTY FUTURE SOLD @ 5026-BOUGHT @ 5070 (PROFIT 56 POINTS)


Just trading by our newsletter you would have minted great money,in morning session hit low of 5003(our lower point) and reversed back to 5048,in afternoon session when it broke 5003.75,it was a blood bath,only by this you can know our accuracy.

17/11/2011

Nifty  Future        
Long only above 5071 for target 5086 other targets are 5097(T1),5112(T2),5137(T3), keep a stoploss of 10 or 15 points.      
And           
Short only below  5019 for target 5003 other targets are 4992(T1),4978(T2),4952(T3), keep a stoploss of 10 or 15 points.  

 

UPPER POINT-5086.50 LOWER POINT-5003.80

PERFORMANCE OF 16/11/2011
NIFTY FUTURE SOLD @ 5038-BOUGHT @ 5036 (PROFIT 2 POINTS)
NIFTY FUTURE SOLD @ 5039-BOUGHT @ 5047 (LOSS 8 POINTS)
NIFTY FUTURE SOLD @ 5039-BOUGHT @ 5018 (PROFIT 20 POINTS)
NIFTY FUTURE SOLD @ 5060-BOUGHT @ 5038 (PROFIT 22 POINTS)

  Recent rally was a  BULL TRAP ???

What Does Bull Trap Mean?
A false signal indicating that a declining trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.All markets do the same thing, it’s really quite strange to contemplate this but there is a common element between trading Soybeans, stocks, currencies, and futures… and that common element is, of course, that all markets are traded by human beings who all suffer from the emotions of fear, greed and panic.
What makes a successful trader? Why do some make fortunes whilst others try again and again only to fail dismally?In my experience there is a holy grail in trading, and that is education.You cannot hope to beat seasoned, practiced traders if you do not have a foundation of tried and tested tools, strategies, money management, discipline and patience.
I have seen many other interpretations of these great works, but as the title suggests, simplicity is the key.  Anyone with the right knowledge and determination can succeed, its truly not that hard. You need some proven signals, and the discipline to wait for these signals to appear, then apply a proportion of your trading capital to buying or selling the market.
It is pertinent here to stress that trading with the trend is the basis for all my trading. I don’t trade against the trend, or counter trends, I wait until I know which direction the chart indicates and follow the herd. I don’t want to lead the herd, or anticipate their next move, I am quite happy to follow in the wake and profit from that.

16/11/2011

Nifty  Future        
Long only above 5105 for target 5121 other targets are 5132(T1),5147(T2),5173(T3), keep a stoploss of 10 or 15 points.      
And           
Short only below  5051 for target 5035 other targets are 5024(T1),5009(T2),4982(T3), keep a stoploss of 10 or 15 points. 

  

UPPER POINT-5134.15 LOWER POINT-5022.25

PERFORMANCE OF 15-11-2011
NIFTY FUTURE BOUGHT @ 5140-SOLD @ 5165 (PROFIT 25 POINTS)
NIFTY FUTURE SOLD @ 5170-BOUGHT @ 5150 (PROFIT 20 POINTS)
NIFTY FUTURE SOLD @ 5128-BOUGHT @ 5090 (PROFIT 38 POINTS)
DLF SOLD @ 218-BOUGHT @ 210 (PROFIT Rs.8000/LOT)

15/11/2011

Nifty  Future        
Long only above 5183 for target 5199 other targets are 5210(T1),5225(T2),5252(T3), keep a stoploss of 10 or 15 points.      
And           
Short only below  5129 for target 5113 other targets are 5101(T1),5086(T2),5059(T3), keep a stoploss of 10 or 15 points. 

  

UPPER POINT-5206 LOWER POINT-5105

14-11-2011 PERFORMANCE

NIFTY FUTURE SOLD @ 5242-BOUGHT @ 5228 (PROFIT 14 POINTS)
NIFTY FUTURE SOLD @ 5225-BOUGHT @ 5185 (PROFIT 40 POINTS)
NIFTY FUTURE SOLD @ 5189-BOUGHT @ 5165 (PROFIT 24 POINTS)
DLF FUTURE SOLD @ 230.50-BOUGHT @ 227.50 (PROFIT Rs.3000/LOT)

14/11/2011

Nifty  Future         
Long only above 5219 for target 5236 other targets are 5248(T1),5263(T2),5291(T3), keep a stoploss of 10 or 15 points.       
And 

Short only below  5164 for target 5147 other targets are 5135(T1),5120(T2),5093(T3), keep a stoploss of 10 or 15 points

UPPER POINT-5219 LOWER POINT-5164

           . 

  

09/11/2011

Nifty  Future         
Long only above 5344 for target 5362 other targets are 5373(T1),5390(T2),5418(T3), keep a stoploss of 10 or 15 points.       
And            Short only below  5287 for target 5269 other targets are 5257(T1),5241(T2),5213(T3), keep a stoploss of 10 or 15 points.
   

UPPER POINT-5347.50 LOWER POINT-5283.70

In these levels as long only above and upper point has a difference only of 4 points,its safe to go long above upper point and vice versa as short only below and lowe point has a difference of 4 points,its safe to go short below lower point.

08-11-2011

Nifty Future Sold @ 5320-Bought @ 5295 (Profit 25 points)
Nifty Future Sold @ 5304-Bought @ 5290 (Profit 14 points)

8/11/2011
NIFTY FUTURE

Long only above 5346 for target 5364 other targets are 5376(T1),5393(T2),5422(T3), keep a stoploss of 10 or 15 points.      
And           
Short only below  5286 for target 5269 other targets are 5257(T1),5240(T2),5211(T3), keep a stoploss of 10 or 15 points.   

UPPER POINT-5352 LOWER POINT-5281.65

In these levels as long only above and upper point has a difference only of 6 points,its safe to go long above upper point and vice versa as short only below and lowe point has a difference of 6 points,its safe to go short below lower point.