How to Trade Nifty now ???

UPDATE : 31-05-2011

1. The upmove came as expected but did not give any resistance near 5525-50 levels.Shorts are there in the system (futures discount ) and will be taken out before any meaningful retrace of this upmove.

Elliott Wave Analysis for Nifty

The Elliott wave analysis has been proving quite handy to trade the Nifty.Checking out the Short Term Probability based on EW insight.

Time Out !!!

Next Update on 29-05-2011 , Bye.

Nifty Update : Breakdown Ahead ???

Today's trading broke down the Short term Trendline as well as the crucial 5475 level after days of trying to trade above 5550 level and failing. Lets check out what lies ahead.

Technical Analysis for Nifty

Nifty Trading strategy along with Trading Levels for the Next week -

 

Technical Analysis for Nifty

Posting the Market Insight and Observations for trading Nifty in the coming Week.

Elliott Wave Analysis for Nifty

Have updated the Post with an Alternate count at 5.30 pm today . Please go through.

Checking out the Short Trem Probabilities based on Elliott wave theory for trading Nifty.

To see the Truth , Open Your Third Eye !!!

"Below 5730 /200dma on closing basis it is weak. One should be Positionally short below it with proper S/l for any whipsaw."

"The RBI Meet on Tuesday may be the next trigger for a Trending Market in short term".

" Technical target on break of these levels is apprx. 200 points ".

" Is the smart money hedging against a fast move down below 5700 level ???"

" Is this the indication of the range to be broken on the downside ??? "

" The Option and FII data points towards the alternate count as of now. "

Above are the few excerpts from the Trading Strategy & Analysis posted for this week - CLICK HERE ,  (Check the Picture caption of Post - I want to break free :) )

The Bullish Elliott wave count which was considering the upmove since 5177 as 1-2-i-ii-iii-iv has been negated as wave iv has entered the wave i at 5608 level . For EW insight followed by me - CLICK HERE  and check subsequent posts for developing count .

Any upmove only above 5710 now (as per Volume Profile ,5ema and Pivot ) .
Keep it as SAR and trade further .  
Enjoy with the flow .!!!

Update for Nifty Trading

Few observations for today's trade -

1. The 'Osama' effect was missing in action, though the Bears had a little party to celebrate.

Technical Analysis for Nifty

Nifty is trading at a very important juncture after almost a month of range bound trading between apprx. 5900-5700 levels . Posting a Technical analysis corelating the Indicators,Volume Profile, Moving Averages ,Trendlines, Patterns, Option analysis ,Fibonacci and Elliott wave data , to gauge the further movement in short term and formulate a trading startegy for the next week.