NIFTY SOCKS RESEARCH

Indian indices ended flat at 5,320.40, lower by 2.55 points, as tepid IIP numbers and lower than expected results from index heavyweight ~ SBI have outweigh investor’s sentiments.
Nifty has formed a Bullish candle after two days of profit booking, with little shadow on lower side, still holding its breakout gap indicating that short term uptrend is still intact and Nifty finds buying support at lower levels. However, Nifty got struck in a narrow range of 70 pts. Further, suc-cessful close above immediate resistance zone of 5,360-5,380 can push market further upsides towards the 5,450-5,500. However, below the tra-jectory of 5,300-5,280 bull would be in trouble.

Trading strategy would be to Sell if market resist at 5,390 and Buy if support at 5,300.
First resistance for the Nifty is 5,336 and next resistance 5,351 and first support for the Nifty is 5,300 and next support at 5,279.
Losers

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Trading Strategy

The nifty live charts or any intraday software can tell us about the direction of the nifty. The best trend finding strategy can be by checking the direction of any particular moving average, or by drawing a diagonal trend line. The other way is to see if it is making rising Low and Highs or falling. These are little complex to note during live intraday markets. So the better solution is to make your trading strategy more mechanical so that, the buysell signals are generated on the live nifty charts using the real time data . These are based on some sound formulae and some arithmetic calculations. So when the intraday software finds that a particular stock meets those parameters, then it picked on the momentumstock tips scanner. These can then be quickly traded with the other risk management principles in place like booking target levels, stop loss and so on. This way the trader is greatly assisted in making his decisions. Below you will find a image of the charts an...

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