Skip to main content

NIFTY TRADING STRATEGY 27 AUG

By

Indian benchmark indices ended the session lower backed by dim hopes of any ease in interest rates by the RBI. The 50‐share NSE Nifty closed below the 5400 level for
the first time this week, weighed down by weak Global cues after doubts over Greece's future in the Eurozone and fading hopes of stimulus in the US. The NSE's Nifty fell
28.65 points to close at 5,386.70 ahead of F&O expiry week, after hitting an intraday low of 5,371. As mentioned in our previous reports, Nifty has multiple resistances
between 5,450‐5,500 trajectory. On daily charts, Nifty failed to stage upside breakout from the key resistance zone, as a result market reacted downwards from those
levels. Nifty has formed a small bearish candle and has broken below its supporting trendline, signaling a short‐term reversal or it may at least slowdown the pace of
up move in the coming sessions if prices weaken and close below 5,350 bears would take control of the market. However, Nifty manages to hold 5,380‐5,350 levels. The
index has immediate support in the range of 5,350‐5,380 any selling pressure would intensify only below 5,350.

Trading strategy would to buy near support and to sell 
around 5,420 if benchmark resist. First resistance for the Nifty is 5,401 and next resistance 5,415 and first support for the Nifty is 5,372 and next support at 5,357.

*** PLS TRADE AT YOUR OWN RISK ANS LIABILITY READ DISCLAIMER
Labels:

Comments

Post a Comment

Popular posts from this blog

The veteran trader feeds on the new trader

By
The only difference between the new trader and the old trader is that the old trader has learnt to be in control as compared to the new trader. both are trading using the same charts and indicators. A good trading system and the mental strength to commit to and execute the signals that system gives you is the way of the seasoned trader. The seasoned trader can notice when he is making any human error in relating to his emotions and fears and quickly breaks that habit by making new neuron-pathways, means suppose he is erring in moving his stop loss to cost or to break even when he sees gains, then he will focus on that and start doing that soon as a matter of habit. Trading is nothing but a game of probability , where you have to have the odds ion your favor. Once you have set your strategy fro trading then just like  mechanical trader follow it without using brains and mind. At the end of the period of time it will reap benefits. If still the method is not profiting then chan...
Post a Comment
Read more

FII FLOWS INCREASES

By
Flows into India likely to remain limited in the near term, as relative valuations of stocks versus emerging markets do not look attractive, Macquarie says. India thus “may be staring at a possible negative 12 month forward returns,” Macquarie says. The controversy over taxation for foreign investors, as well as macro challenges, are key reasons for net outflows of foreign institutional investors (FIIs) in April vs strong Jan-March inflows, Macquarie says. Indian stocks look historically cheap, but is trading at a premium of around 33 percent vs emerging markets vs the long-term average of 27 percent, Macquarie estimates. Nifty is seen trading in 5,000 to 5,500 range and the Sensex in 16,000 to 18,000 range, as “global liquidity glut” to provide some support, Macquarie says. Reuters
Post a Comment
Read more

INTRADAY TRADING PERFORMANCE

By
THE TECHNOTRADES INTRADAY CUM POSITIONAL TRADING SYSTEM HAS THE AVERAGE PERFORMANCE OF MORE THAN OTHER TRADING SYSTEMS SINCE IT HAS BEEN DESIGNED TO BE TREND FOLLOWING AND INSPITE OF THE FACT THAT THE SMALL MOVES MAY CAUSE SMALL GAINS OR SMALL LOSSES BUT OVER A MEDIUM TERM PERIOD OF 1 WEEK OR 1 MONTH THE POINTS GAINED IN NIFTY OR BANKNIFTY OR STOCKS WILL BE IN VERY GOOD GAINS.WE HAVE TESTED IT IN LIVE MARKETS ON DAILY AND HISTORICAL BASIS AND IT AVERAGES MORE THAN 250 POINTS PER MONTH  
Post a Comment
Read more