Game Changer Levels for Nifty

It becomes easy to follow 'Levels only' which are the result of corelation of some Technical Analysis methods. Here are a couple of them to help in Swing or Positional trading for Nifty in the Short Term.

Elliott Wave Analysis for Nifty Trading

"You cannot change the direction of the winds but you can adjust your sails as per it."

Successful Trading depends on how well one manages the uncertainities. It requires one to have the balance between having conviction to follow his belief and flexibility to recognize when to change the perspective .

Attitude > Hard Work > Knowledge

This is true for Life in general as well as Trading.

Attitude is your Discipline & Self Belief  and  is 'THE ' Key to Success .

It can also be proved Mathematically !!!!.

PICTURE OF THE WEEK

With Thanks to JN mate dear Sujatha for sharing this Pic .!!!

Nifty Trading for 25-03-11

Today's close was with a Bullish undertone, yet not decisive as it failed to close above the important price level of 5540. But importantly Prices have closed above the Weekly volume resistance of 5510 level as well as 50dma.

 

Nifty Trading for 24-03-11

As expected yesterday ,The SAR of 5450 gave a long trade with entry at 15 min ORB break on the upside.Today's close was above the 5dHema as well as 20dema.

Tomorrow's trade will be important for the short term reversal . Following are important observations that will help in Nifty's trading tomorrow.
 

Trading Notes

Last two days of  Nifty trading has not produced the impulse down below 5360 and neither has  crossed the 5430 level as analyzed in the Weekend Post - CLICK HERE for the detailed analysis and insight.

Following are the developing observations -

Are The Bears Ready for the Push again ???

Detailed Technical Analysis and Trading Strategy for the Next Week -

WISHING ALL A VERY HAPPY HOLI !!!

Enjoy the Best Holi Song !!!!!!!

Check out the "Rang Barse" video below

 

Trading Plan for the Next Week

UPDATE 17-03-2011 :

Warren Buffett - Some Interesting Aspects

 

How to Trade the Next Week ??

Weekly Review :

1. The Week was rangebound throughout on both sides of the SAR 5480 , as indicated in the  detailed Weekend analysis below.

2. The broader Range suggested of 5400-5600 couldn't be resolved this Week.
As analyzed in the Mid week Review ,The markets couldn't trade above 5525 levels to show strength and gave some gains below 5500/5480 in later half of the Week. 

Interesting Charts

Check out the following interesting charts that may indicate the Trend to unfold.