Hi,
We gained 80 pts last week as Nifty achieved all our targets on the upside.
On Friday, Nifty opened gap-up but remained bearish throughout the day.
Nifty price levels for the week: 31 Oct to 4 Nov,2011
Top reversal region : 5420-5505
Typical Price: 5335
Bottom reversal region : 5245-5160
Trading the Top Reversal region:
1. if Nifty reaches in the Top reversal region, but is unable to trade above 5505, short Nifty once it falls below 5420, Target will be 5335 & 5245, Stop Loss (SL) will be 5505.
2. if Nifty reaches in the Top reversal region, but is unable to trade below 5420, go long on Nifty once it crosses 5505, Target will be 5590 & 5675, SL will be 5420.
Trading the Bottom Reversal region:
1. if Nifty reaches in the Bottom reversal region, but is unable to trade below 5160, go long on Nifty once it crosses 5245, Target will be 5335 & 5420, SL will be 5160.
2. if Nifty reaches in the Bottom reversal region, but is unable to trade above 5245, short Nifty once it falls below 5160, Target will be 5075 & 4995, SL will be 5245.
Happy Trading.
Saturday, October 29, 2011
Friday, October 21, 2011
Weekly Trading Levels for Nifty
Dt: 21-Oct-2011
Hi,
Today we could catch both bull and bear moves with our pre-defined trading levels.
Morning session gave a good 15 pts on short side from 5085 to 5070
Market took a pause at around 5120 and reversed. As per our rule, we had gone long at 5110 and got stopped out at 5095. So that took away 15 pts.
Next trade triggered when 5070 broke hence giving us a good entry point to short the market reaching our targets of 5055. The second target of 5035 was missed by just 3 pts.
We ended up with a gain of 5070-5049 = 21 pts for the day.
Next week is Diwali & also F&O expiry week. Market may remain volatile so trade with caution and strict stop loss.
Market will remain closed on 26th and 27th Oct. Muhurat trading will be for 1 hr on 26th Oct.
Last year on Muhurat trading day, 5th Nov, Nifty touched the 52 week high of 6330. What is going to happen this time?
Let us see what our weekly pre-defined trading levels look like:
Nifty price levels for the week are:
Top reversal region : 5090-5130
Typical Price: 5050
Bottom reversal region : 5010-4965
How to trade? Monitor price closely and see which side is getting weaker and trade against it.
Trading the Top Reversal region:
1. if Nifty reaches in the Top reversal region, but is unable to trade above 5130, that means the bulls are becoming weak. look for shorting the market once it falls below 5090, Target will be 5050 & 5010, Stop Loss (SL) will be 5130.
2. if Nifty reaches in the Top reversal region, but is unable to trade below 5090, that means the bears are becoming weak. look for going long the market once it crosses 5130, Target will be 5170 & 5210, SL will be 5090.
Trading the Bottom Reversal region:
1. if Nifty reaches in the Bottom reversal region, but is unable to trade below 4965, that means the bears are becoming weak. look for going long the market once it cross above 5010, Target will be 5050 & 5090, SL will be 4965.
2. if Nifty reaches in the Bottom reversal region, but is unable to trade above 5010, that means the bulls are becoming weak. look for shorting the market once it falls below 4965, Target will be 4930 & 4890, SL will be 5010.
Stock Update:
PETRONET LNG, CMP = 164, Up 2.5% from our entry price of 160.
Revise stop loss from 154 to 162.
Wish you a Very Happy Diwali & Prosperous New Year.
P.S. There will be no Market update upto 27th Oct. Market updates on this blog will resume from Friday, 28th Oct.
Hi,
Today we could catch both bull and bear moves with our pre-defined trading levels.
Morning session gave a good 15 pts on short side from 5085 to 5070
Market took a pause at around 5120 and reversed. As per our rule, we had gone long at 5110 and got stopped out at 5095. So that took away 15 pts.
Next trade triggered when 5070 broke hence giving us a good entry point to short the market reaching our targets of 5055. The second target of 5035 was missed by just 3 pts.
We ended up with a gain of 5070-5049 = 21 pts for the day.
Next week is Diwali & also F&O expiry week. Market may remain volatile so trade with caution and strict stop loss.
Market will remain closed on 26th and 27th Oct. Muhurat trading will be for 1 hr on 26th Oct.
Last year on Muhurat trading day, 5th Nov, Nifty touched the 52 week high of 6330. What is going to happen this time?
Let us see what our weekly pre-defined trading levels look like:
Nifty price levels for the week are:
Top reversal region : 5090-5130
Typical Price: 5050
Bottom reversal region : 5010-4965
How to trade? Monitor price closely and see which side is getting weaker and trade against it.
Trading the Top Reversal region:
1. if Nifty reaches in the Top reversal region, but is unable to trade above 5130, that means the bulls are becoming weak. look for shorting the market once it falls below 5090, Target will be 5050 & 5010, Stop Loss (SL) will be 5130.
2. if Nifty reaches in the Top reversal region, but is unable to trade below 5090, that means the bears are becoming weak. look for going long the market once it crosses 5130, Target will be 5170 & 5210, SL will be 5090.
Trading the Bottom Reversal region:
1. if Nifty reaches in the Bottom reversal region, but is unable to trade below 4965, that means the bears are becoming weak. look for going long the market once it cross above 5010, Target will be 5050 & 5090, SL will be 4965.
2. if Nifty reaches in the Bottom reversal region, but is unable to trade above 5010, that means the bulls are becoming weak. look for shorting the market once it falls below 4965, Target will be 4930 & 4890, SL will be 5010.
Stock Update:
PETRONET LNG, CMP = 164, Up 2.5% from our entry price of 160.
Revise stop loss from 154 to 162.
Wish you a Very Happy Diwali & Prosperous New Year.
P.S. There will be no Market update upto 27th Oct. Market updates on this blog will resume from Friday, 28th Oct.
Nifty Trading Levels for 21-Oct-2011
Hi,
Hope you could catch some good move yesterday on the short side as Nifty achieved all our targets mentioned, giviing us a good 30 pts gain.
Nifty price levels for today's trading are:
Top reversal region : 5085-5110
Typical Price: 5070
Bottom reversal region : 5035-5055
How to trade?
Monitor price closely and see which side is getting weaker and trade against it.
Trading the Top Reversal region:
1. if Nifty reaches in the Top reversal region, but is unable to trade above 5110, that means the bulls are becoming weak. look for shorting the market once it falls below 5085, Target will be 5070 & 5055, Stop Loss (SL) will be 5110.
2. if Nifty reaches in the Top reversal region, but is unable to trade below 5085, that means the bears are becoming weak. look for going long the market once it crosses 5110, Target will be 5125 & 5145, SL will be 5080.
Trading the Bottom Reversal region:
1. if Nifty reaches in the Bottom reversal region, but is unable to trade below 5035, that means the bears are becoming weak. look for going long the market once it cross above 5055, Target will be 5070 & 5085, SL will be 5035..
2. if Nifty reaches in the Bottom reversal region, but is unable to trade above 5055, that means the bulls are becoming weak. look for shorting the market once it falls below 5035, Target will be 5015 & 5000, SL will be 5055.
Have a profitable day.
Nifty price levels for today's trading are:
Top reversal region : 5085-5110
Typical Price: 5070
Bottom reversal region : 5035-5055
How to trade?
Monitor price closely and see which side is getting weaker and trade against it.
Trading the Top Reversal region:
1. if Nifty reaches in the Top reversal region, but is unable to trade above 5110, that means the bulls are becoming weak. look for shorting the market once it falls below 5085, Target will be 5070 & 5055, Stop Loss (SL) will be 5110.
2. if Nifty reaches in the Top reversal region, but is unable to trade below 5085, that means the bears are becoming weak. look for going long the market once it crosses 5110, Target will be 5125 & 5145, SL will be 5080.
Trading the Bottom Reversal region:
1. if Nifty reaches in the Bottom reversal region, but is unable to trade below 5035, that means the bears are becoming weak. look for going long the market once it cross above 5055, Target will be 5070 & 5085, SL will be 5035..
2. if Nifty reaches in the Bottom reversal region, but is unable to trade above 5055, that means the bulls are becoming weak. look for shorting the market once it falls below 5035, Target will be 5015 & 5000, SL will be 5055.
Have a profitable day.
Thursday, October 20, 2011
Nifty Trading Levels for 20-Oct-2011
Hi,
I could not provide trading levels yesterday, but I hope you could catch some good move the day before (i.e on Tuesday). I had advised to go short below 5059 for target 5018. Nifty touched high of 5056 and low of 5011 before closing at 5037. Nifty achieved all our targets trading the short side of the market right from 5045 to 5018. So that was a good 27 pts move in our favor.
Nifty is fast approaching our resistance zone of 5160-5200, so expect some pause here and trade with caution. If you are an experienced trader and are able to catch the bulls weakness then trade short. If you see the bears are losing their grip in the resistance zone and the bulls are showing all signs of breakout then go long. But keep a price level ready in your mind and then trade.
I have tried to arrive at the price level so that it becomes easier to judge whether to go long/short.
Nifty price levels for today's trading are:
Top reversal region : 5150-5175
Typical Price: 5130
Bottom reversal region : 5115-5090
How to trade?
Monitor price closely and see which side is getting weaker and trade against it.
Trading the Top Reversal region:
1. if Nifty reaches in the Top reversal region, but is unable to trade above 5175, that means the bulls are becoming weak. look for shorting the market once it falls below 5150, Target will be 5130 & 5115, Stop Loss (SL) will be 5175.
2. if Nifty reaches in the Top reversal region, but is unable to trade below 5150, that means the bears are becoming weak. look for going long the market once it crosses 5175, Target will be 5190 & 5210, SL will be 5150.
Trading the Bottom Reversal region:
1. if Nifty reaches in the Bottom reversal region, but is unable to trade below 5090, that means the bears are becoming weak. look for going long the market once it cross above 5115, Target will be 5130 & 5150, SL will be 5090..
2. if Nifty reaches in the Bottom reversal region, but is unable to trade above 5115, that means the bulls are becoming weak. look for shorting the market once it falls below 5090, Target will be 5075 & 5055, SL will be 5115.
Have a profitable day.
I could not provide trading levels yesterday, but I hope you could catch some good move the day before (i.e on Tuesday). I had advised to go short below 5059 for target 5018. Nifty touched high of 5056 and low of 5011 before closing at 5037. Nifty achieved all our targets trading the short side of the market right from 5045 to 5018. So that was a good 27 pts move in our favor.
Nifty is fast approaching our resistance zone of 5160-5200, so expect some pause here and trade with caution. If you are an experienced trader and are able to catch the bulls weakness then trade short. If you see the bears are losing their grip in the resistance zone and the bulls are showing all signs of breakout then go long. But keep a price level ready in your mind and then trade.
I have tried to arrive at the price level so that it becomes easier to judge whether to go long/short.
Nifty price levels for today's trading are:
Top reversal region : 5150-5175
Typical Price: 5130
Bottom reversal region : 5115-5090
How to trade?
Monitor price closely and see which side is getting weaker and trade against it.
Trading the Top Reversal region:
1. if Nifty reaches in the Top reversal region, but is unable to trade above 5175, that means the bulls are becoming weak. look for shorting the market once it falls below 5150, Target will be 5130 & 5115, Stop Loss (SL) will be 5175.
2. if Nifty reaches in the Top reversal region, but is unable to trade below 5150, that means the bears are becoming weak. look for going long the market once it crosses 5175, Target will be 5190 & 5210, SL will be 5150.
Trading the Bottom Reversal region:
1. if Nifty reaches in the Bottom reversal region, but is unable to trade below 5090, that means the bears are becoming weak. look for going long the market once it cross above 5115, Target will be 5130 & 5150, SL will be 5090..
2. if Nifty reaches in the Bottom reversal region, but is unable to trade above 5115, that means the bulls are becoming weak. look for shorting the market once it falls below 5090, Target will be 5075 & 5055, SL will be 5115.
Have a profitable day.
Tuesday, October 18, 2011
Nifty Trading Levels for 18-Oct-2011
Date: 18-Oct-2011
Scenario # 1: If Nifty Opens between 5080 & 5125 then trade as below:
Buy Nifty above : 5148, Target 1: 5163, Target 2: 5182
Short Nifty below : 5059, Cover 1: 5038, Cover 2: 5018
Scenario # 2: If Nifty Opens between 5125 & 5145 then trade as below:
Buy Nifty above : 5148, Target 1: 5163, Target 2: 5182
Short Nifty below : 5120, Cover 1: 5105, Cover 2: 5085
Scenario # 3: If Nifty Opens between 5060 & 5080 then trade as below:
Buy Nifty above : 5091, Target 1: 5115, Target 2: 5135
Short Nifty below : 5059, Cover 1: 5038, Cover 2: 5018
Please confirm bullish / bearish sentiments are in your favor before initiating trades. Stop loss will be 35 points from entry.
Stock to watch: Bullish
PETRONET LNG: CMP 160 TGT: 175 SL: 154
Happy Trading
Scenario # 1: If Nifty Opens between 5080 & 5125 then trade as below:
Buy Nifty above : 5148, Target 1: 5163, Target 2: 5182
Short Nifty below : 5059, Cover 1: 5038, Cover 2: 5018
Scenario # 2: If Nifty Opens between 5125 & 5145 then trade as below:
Buy Nifty above : 5148, Target 1: 5163, Target 2: 5182
Short Nifty below : 5120, Cover 1: 5105, Cover 2: 5085
Scenario # 3: If Nifty Opens between 5060 & 5080 then trade as below:
Buy Nifty above : 5091, Target 1: 5115, Target 2: 5135
Short Nifty below : 5059, Cover 1: 5038, Cover 2: 5018
Please confirm bullish / bearish sentiments are in your favor before initiating trades. Stop loss will be 35 points from entry.
Stock to watch: Bullish
PETRONET LNG: CMP 160 TGT: 175 SL: 154
Happy Trading
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