I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Wednesday 27 June 2012

NIFTY Views- for  27th June 2012:

Nifty has tried many times to cross the supports of 5090. Bulls are on strength as are managing to close above Big Supports. Now, Next resistance for Bulls- 5160, 5190 levels
 
In Daily Time Frame:
RSI              -  Downtrend
Bollinger       -  Up to Side trend
 
In 30 min Time frame:
RSI              -  Downtrend
Bollinger       -  Reversal

So Now,
BUY: No New positions ! If Old positions, Hold till 5200, SL - 5090
SELL: Short near 5200, SL 5222 after Expiry
Market seems Bearish in next coming days, after Expiry. So TGT expected - 140 points !!

Monday 25 June 2012

NIFTY Views- for  25th June 2012:


NIfty is still in Bullish mode as Weekly close is above 5100 (wall of support)

Now
BUY: CLOSE the LONGS @ 5222,  No New positions !
Buy only on dips near 5160 ~ 5190 with proper Reversal Signals. TGT - 5300
SELL: at 5222 for a Target of 5160, SL - 20 points (for small gains)

Thursday 21 June 2012

NIFTY Views- for  22nd June 2012:


Bought Today Multiple Lots of NIFTY  @ 5103 & 5127.
Booked 50% position with 27 points profit @ 5154 (1st Target)
Will book next 25% at 5190 & will keep trailing SL for Last 25% as the move has started!  Market can Gap up & can hit tomorrow's 1st Target in the morning itself.

Now
BUY: Add at every Dip 20 SMA & Hold the LONGS till 5190, 5222,  SL- 5097 (same- Yes !!).
No New positions !
SELL: Not at all !!

Wednesday 20 June 2012

NIFTY Views- 21st June 2012 onwards-

Nifty Formed a Doji on Daily Charts & earlier a Big bearish Engulfing, which is not Supported. Although Daily RSI is in Downtrend, but it seems, Bulls still have an upper hand as 2 consecutive daily close are above 50 & 200 day SMA.
Right now, Range of market is  5100  ~ 5140

If Market sustains above 5155 for 10 mins, I will become highly bullish & market can jump to 5190 very easily

BUY  above 5127,  TGT   5154, 5190, 5222,  SL - 5097
SELL  only below 5041,  No weakness till yet in the Market !!

Tuesday 19 June 2012

Start of a Beautiful Journey to Financial Freedom..

Today,  I have decided & I am declaring my Start of Journey for Financial Freedom !!
The Tool to achieve my Goal will be The Best Business in the World -  Stock Trading !!

I am fond of reading Books & Analysing the Financial Markets. I will keep updating the various Methods/ Strategies/ Indicators/ Setups & Psychological Games in the Trading Field.

My Trades & various Levels will be separate.

So, walk along with me, & i believe, we all will make to Financial Free Life !!
Happy Trading !!  Happy Profits !!