TECHNICAL ANALYSIS

Indian indices closed higher at 5336.70, up by 54.15 points or 1.03%. Nifty extended its buying spree for second consecutive session in a row, and never looked out of breathe in whole trading session on continued hopes over Chidambaram’s statements about addressing the widening fiscal deficit and tax concerns of overseas investors.
Nifty has formed a big Bull candle with little shadow on both sides and with a new high, confirming higher top bottom formation and subsequently holding of opening gap is a bullish indication and Nifty is expected to move up further to form a new higher top in ensuing days . If the index man-ages to cross and sustain above the 5,350-5,360 level it is likely to witness a buying rally which might drive it on the way to 5,390-5,400 level. On the downside, Nifty has good support at 5,300 followed by 5,250 levels .Trading strategy would be to Sell if market resist at 5,370 and Buy if sup-port at 5,310.
First resistance for the Nifty is 5,364 and next resistance 5,391 and first support for the Nifty is 5,296 and next support at 5,255.

BUY SELL SIGNALS INTRADAY TRADING SYSTEMS

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Nifty Options Trading Strategy

Nifty Options TradingStrategy - Nifty Intraday Tips For Beginning Traders The nifty index is an index representing 50 stocks on the stock market representing 21 sectors of the Indian economy. It is used in the measurement of index funds, bank portfolios and index based derivatives. A joint venture between the NSE and the CRISIL, the Nifty is under the ownership and management of the Indian Services and Products Limited. This is the only company that is focused primarily on the Nifty index as its principle product. The Indian Services and Products Limited are licensed to engage in marketing by the world premier in index services, the Standard & Poor's company. Intraday trading is a critical tool in the trading and marketing strategies of capital goods and assets. Intraday essentially means happening on the same day, used to indicate the highs and lows of the assets and goods in the stock exchange markets. The price chart is used to indicate the time intervals between...

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