IS HONEYMOON OVER FOR NIFTY????

Nifty has given a close below the trendline for the first time after january 2nd.A correction was very much due.Chances are very high Nifty can correct upto 5211(38.2%) and 4952(Golden ratio 61.8%).

NIFTY GAPS

Nifty had filled 1 gap today,still 5 gaps to be filled.Each and every gap will  be filled,no if and but.

NIFTY FUTURE INTRADAY LEVELS FOR 22/02/2012

Long only above 5646 for target 5660,other targets are 5670(T1),5683(T2),5706(T3),SL 5626.

And

Short only below 5598 for target 5584,other targets are 5574(T1),5560(T2),5537(T3),SL 5618.

UPPER POINT-5654.55

LOWER POINT-5589.75

Upper point is strong resistance and lower point is strong support .

Note-T1,T2 are also possible reversal points .        

NIFTY FUTURE INTRADAY LEVELS FOR 21/02/2012

Long only above 5614 for target 5628,other targets are 5638(T1),5651(T2),5676(T3),SL 5594.

And

Short only below 5565 for target 5551,other targets are 5541(T1),5527(T2),5503(T3),SL 5585.

UPPER POINT-5657

LOWER POINT-5522

Upper point is strong resistance and lower point is strong support .

Note-T1,T2 are also possible reversal points .        

NOTE- I am stopping all the tips service from hereon,as my GURUJI told TIP is nothing but a PIT.Those who have already paid subscription fees for february month will get service upto the end of this month or till 300 points profit is made in nifty future.Actually i started tips service for the one who lost money like me becoz of false tips providers and all of my clients are today very much satisfied with my service.I too had lost huge money in market without proper technical knowledge and fake tips,thats when i learnt technical analysis from my GURU Tushar SIR and it made a huge difference in my life and today I HAVE THE BEST OF EVERYTHING.I again thank all my subscribers and sorry for not extending service.

   To become a successful trader one requires three things.

1.  Trading Strategy
2. Trading Tools
3. Trading Discipline 


1.  Trading Strategy : A trading strategy is governed by a set of rules that do not deviate. Emotional bias is eliminated because the systems operate within the parameters known by the trader. The parameters can be trusted based on historical analysis (backtesting) and real world market studies (forward testing), so that the trader can have confidence in the strategy and its operating characteristics.Although backtesting is no guarantee of future performance, it gives the trader confidence that the strategy has worked in the past

2. Trading Tools : Your trading terminal, your charting software, your internet connection, most important your brokerage plan.

Recommendation : Down load Chart Nexus for EOD research

Chart Nexus 

or check EOD chart form icharts Web site
icharts

3. Trading Discipline : Your system will give signal but ur emotions will not allow you to execute order due to fear and greed this can only be overcome with experience. “Cut losses short; let profits run.” To Graduate as Perfect Trader you need three years of Screen experience, here your bank account is your report card. 

Why Trader Loose !!!!!!!!!!!! 
1. Over Trading : The one of biggest mistake trader does is over trading. 
2. Tips/Advisory Services :Just think,why tips providers waste their time in giving tips to others, why not they use same tips for themselves and multiply their capital rather than begging small subscription charges.


Tips make you redundant. Your thinking gets paralyzed. You will never able to learn trading.


Before subscribing any Advisory services one must paper trade their tips for one month, if tips fail capital is safe.


“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. “

Warren Buffett

T I P = P I T


Trading is a zero sum game and here money goes from the emotional traders to the mechanical traders.

Don’t forget you are competing the highly skilled market professionals equipped with advance software like Algorithmic Trading system.

NIFTY FUTURE INTRADAY LEVELS FOR 15/02/2012

Long only above 5463 for target 5476,other targets are 5486(T1),5499(T2),5521(T3),SL 5443.

And

Short only below 5418 for target 5404,other targets are 5394(T1),5382(T2),5360(T3),SL 5438.

UPPER POINT-5470

LOWER POINT-5411

Upper point is strong resistance and lower point is strong support .

Note-T1,T2 are also possible reversal points .        

NIFTY FUTURE INTRADAY LEVELS FOR 14/02/2012

Long only above 5441 for target 5455,other targets are 5465(T1),5477(T2),5500(T3),SL 5421.

And

Short only below 5395 for target 5381,other targets are 5371(T1),5358(T2),5335(T3),SL 5415.

UPPER POINT-5456

LOWER POINT-5380

Upper point is strong resistance and lower point is strong support .

Note-T1,T2 are also possible reversal points .        

SELL IF U CAN...................STOPLOSS 5417

Why this hurry,hurry,hurry,hurry for  NIFTY to rise by 50% and more in just 25 trading days (900 points in Nifty)  of the total fall of 260 trading days (1800 points in NIFTY IN 2011) . 
Like the BULL chase in Hindi Movie 
"Ye ZINDAGI (sensex) NAHI MILENGI DOBARA" .
Nifty is still trading in uptrend channel,a close below the channel nifty will turn weak.

        Positional traders SELL IF U CAN......with SL 5417 and hold.

NIFTY FUTURE INTRADAY LEVELS FOR 13/02/2012

Long only above 5421 for target 5435,other targets are 5445(T1),5458(T2),5482(T3),SL-5401.

And

Short only below 5374 for target 5360,other targets are 5350(T1),5336(T2),5313(T3),SL-5394.

UPPER POINT-5444

LOWER POINT-5351

Upper point is strong resistance and lower point is strong support .

Note-T1,T2 are also possible reversal points .        

NIFTY FUTURE INTRADAY LEVELS FOR 09/02/2012

Long only above 5413 for target 5427,other targets are 5438(T1),5451(T2),5475(T3),STOPLOSS 5393.

And

Short only below 5364 for target 5349,other targets are 5339(T1),5325(T2),5301(T3),STOPLOSS 5384.

UPPER POINT-5429.20

LOWER POINT-5347.80

Upper point is strong resistance and lower point is strong support .

Note-T1,T2 are also possible reversal points .        

NIFTY WEEKLY CHART

NIFTY FUTURE INTRADAY LEVELS FOR 07/02/2012

Long only above 5392 for target 5407,other targets are 5418(T1),5433(T2),5458(T3),keep a stoploss of 20 points.

And

Short only below 5341 for target 5326,other targets are 5315(T1),5300(T2),5275(T3),keep a stoploss of 20 points.

UPPER POINT-5400

LOWER POINT-5334

Upper point is strong resistance and lower point is strong support .

Note-T1,T2 are also possible reversal points .        

WOW...............5399 ACHEIVED IN STYLE.

Nifty future yearly pivots target 5399 acheived in style.From 4635 to 5399(764 POINTS).No software would have generated 764 points.Follow the trend ,do not question the trend "HOW LONG" and "HOW MUCH" and let the trend decide when it will reverse.TREND IS YOUR FRIEND.