NIFTY TRADING STRATEGY 27 AUG

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

Comments

Popular posts from this blog

Markets at a Glance Indian indices are likely to open lower today, tracking weakness in the Asian markets, as disap-pointing China’s PMI data raised concern over domestic economic slowdown. Meanwhile Asian shares falters on Wednesday on fading hopes of stimulus action this week by the US Federal Reserve and the European Central Bank. The Chinese manufacturing PMI slipped to 50.1 in July from 50.2 in June, the weakest since November 2011, and reflects three consecutive months of decline. However, the Shanghai Composite index edged up ~1% following the comments from Premier Wen Jiabao's that China will step up policy fine-tuning in the second half to support economic growth. The SGX Nifty, Aug’12 contract last traded at 5,239, down by 10.00 points from previous session. Wall Street Update The US markets ended lower after trading in a tight range throughout the day as investors re-mained cautious ahead of the US Federal Reserve and the European Central Bank releasing monetary...

Nifty Live

Nifty buy sell signals using nifty live charts The Nifty is the most volatile tradable index on Nse since it is favourite for the intraday and positional traders. In technical analysis rules and covenants also it is taught that when trading or taking position in any stock , we need to find the direction in which the nifty is moving , so that the trade is entered in that same direction. This will give rise to a high probability trade. 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 buy sell signals are generated on the live nifty charts using the real time data. ...

Accurate Tips, Rules and Techniques For Intraday Trading

Accurate Tips, Rules and Techniques For Intraday Trading We all go into the stock market to make profits and most traders go into day trading to make a substantial amount of profit daily without any long term commitments. However to make a worthwhile profit and maintain a certain standard in day trading you need to follow certain rules and techniques to maintain your profit level or even surpass it. So what are those tips, rules and techniques you need to become a successful day or intra day trader? 1) Don't trade the first 15 minutes the market opens: it's best to wait for these first few minutes and observe the market and spot potential rewarding opportunities. The first few minutes of the action are often panic trades or market orders placed the night before. It is advised even by professionals in the business to avoid this time period while also looking at the order of business for the day. 2) Newbies should avoid using margin: Margin is you borrowing mone...

Search This Blog