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Nifty

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Sep 18, 2013.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Buy Nifty above 5855 for target 5875-5895 stop loss 5840.
    :party:
     
    sanjay_sansanwal, Sep 18, 2013
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Or u may short nifty below 5840 for target 5810-5802 stop loss 5855
     
    sanjay_sansanwal, Sep 18, 2013
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    5855 is showing strong resistance.
     
    sanjay_sansanwal, Sep 18, 2013
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    5840 is showing strong support.
     
    sanjay_sansanwal, Sep 18, 2013
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Get ready for long
     
    sanjay_sansanwal, Sep 18, 2013
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  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Bought nifty ce 6000 @ 53.50
     
    sanjay_sansanwal, Sep 18, 2013
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  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    nifty ce 6000 @ 58.75, 10% above
     
    sanjay_sansanwal, Sep 18, 2013
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  8. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    half position covered @ 58, cause it is showing hurdle to cross 60.10 and day high is 60.60 at market opening time.
    Modified stop loss to 53.50
     
    sanjay_sansanwal, Sep 18, 2013
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  9. krasquinha

    krasquinha Member

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    I think nifty fut has target of 6040 levels ...
     
    krasquinha, Sep 18, 2013
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  10. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    hurrey 15% up @ 61.40
     
    sanjay_sansanwal, Sep 18, 2013
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  11. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    It has very limited upside cause 5920 is actual hurdle if manage to cross then only it can go above 6000.

    Above 5800 and below 5920 it is in range where 5840 is today's strong support.
     
    sanjay_sansanwal, Sep 18, 2013
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  12. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Another half also covered @ 57.50
     
    sanjay_sansanwal, Sep 18, 2013
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  13. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Nifty has a strong resistance @ 6095 & 6135 so I believe this is end of this unpredictable rally.
    Looking for shorting opportunity @ around 6090-6120.
     
    sanjay_sansanwal, Sep 19, 2013
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  14. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Bought Nifty 31Oct. pe 5700 @ 57.45 will add more @ above 6100 with stop loss of nifty spot 6150.
     
    sanjay_sansanwal, Sep 19, 2013
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  15. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Rocking @ 61.40
     
    sanjay_sansanwal, Sep 19, 2013
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    shabbir likes this.
  16. krasquinha

    krasquinha Member

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    Hi Sanjay,

    I think this rally was really un-predicated .... not sure on what basis it rallied. I am tracking nifty from past 3 months ... i am new to nifty trading ... Have you seen this type of rallies earlier ???? Does this happen often ?

    Regards,
    Kiran
     
    krasquinha, Sep 19, 2013
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  17. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    yeah so many times, but this time I have participated earlier missed so many times.
    Very Big move on nifty was when upa got majority at that time nifty got upper circuit within 2 mins after market opened and retail investor couldn't take any benefit of that.

    This may happen once again if BJP (NDA) will get majority in next elections.
     
    sanjay_sansanwal, Sep 19, 2013
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  18. krasquinha

    krasquinha Member

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    thanks for the info... Just some guidance required. do we need to use any tools trading with nifty ? what do you say trading nifty with 15 minutes chart and some moving average setup ?
    Regards,
    Kiran
     
    krasquinha, Sep 19, 2013
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  19. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Trading screen shots 19-9-13

    These are my trades :D
     

    Attached Files:

    sanjay_sansanwal, Sep 19, 2013
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  20. krasquinha

    krasquinha Member

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    Gr8 ..... some guidance please for nifty ...


    Do we need to use any tools trading with nifty ? what do you say trading nifty with 15 minutes chart and some moving average setup ?
    Regards,
    Kiran
     
    krasquinha, Sep 19, 2013
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