Sunday, May 29, 2011

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.

Saturday, May 28, 2011

Tuesday, May 17, 2011

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.

Tuesday, May 3, 2011

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 .!!!

Monday, May 2, 2011

Sunday, May 1, 2011

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.