Skip to main content

NIFTY LEVELS AND TRADING STRATEGY 21 AUG


Nifty closed marginally positive at 5366.30, up by 3.35 points or 0.06%, the Indian key indices opened on a strong note amid stability in global markets on hopes of
easing Eurozone credit crisis. Later market erased all gains after the CAG found irregularities in the government's coal allocation and usage. Nifty has formed a high
wave candle with long shadows on both sides near its immediate resistance level 5,380 indicating indecisiveness at higher levels. Nifty has also broken below its
supporting trend line with heavy volumes and decisive closing below 5,350 indicates that Nifty is likely to remain under selling pressure which would lead the index
downwards towards 5300‐5250. On the up side sustain buying above the 5,380 mark will see follow up buying towards 5,420‐5,460.

Trading strategy would be to Sell if market resist at 5,380 and Buy if support at 5,330. First resistance for the Nifty is 5,399 and next resistance 5,427 and first support for the Nifty is 5,339 and next
support at 5,311.

Comments

Popular posts from this blog

FII AND DII ACTIVITY 6 AUG

FII trading activity on NSE and BSE FII trading activity on NSE and BSE on Capital Market Segment The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 06-Aug-2012 FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Aug-2012 1738.14 1182.41 555.73 Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 06-Aug-2012 DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Aug-2012 876.85 881.08 -4.23 The data is based on today's activity compiled on the basis of trading codes entered by trading members at the time of order ...

DERIVATIVE OUTLOOK

Derivative Strategy for August 8, 2012 Scrip CMP Recommendation Target Stop Loss NIFTY 5,348 BUY 5,410 5,305 TATAMOTORS 239 BUY 246 236 AMBUJACEM 190 BUY 196 187 BHEL 233 BUY 240 230 COALINDIA 246 BUY 252 242 *** PLEASE TRADE AT YOUR OWN RISK AND LIABILITY INTRADAY BUY SELL TRADING SYSTEM AMIBROKER

Nifty Futures Buy Sell Signals

Nifty Live Charts with technical analysis software generating livenifty buy sell signals : We would like to focus on the intraday trading of nifty live charts since that is the main index on the Nse. The other stocks would be too diverse to track and also some of them will be illiquid .The stock markets move basically in the trend of the movement of the nifty index. The nifty and the bank nifty live charts are hugely traded in intraday and positional on nifty and bank nifty futures. Most of the intraday traders keep a watch on the direction of the moves or the swing of movement using real time data connected to their intraday tradingsoftware. These also are technical analysis software or live charting software , with auto generated buy sell signals . These buy sell signals are generally scanned mechanically using the buy and sell logics like chart formations, support and resistance, swing high low, candle formations, volume and other indicators. These need to be worked...