Sunday, 30 October 2011

Channel Breakout Update

Written on 15th October - Nifty has been trading in a channel. Trading and closing above 5161 Nifty will target 5570. Time frame 15 to 30 days. CLICK HERE TO READ THE POST
Now as per the channel Above 5351 will trade upwards towards 5456 and 5525
Below 5351 will go into a sideways movment and first support is at 5300 and 5162
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2 comments:

  1. Ilango31 October 2011 at 09:25

    Hi..Suresh,

    Congratulations on your New Journey in blogging.

    And congratulations too for having found your simple method of trading using trendlines/ supports & resistances.

    Your simplicity, your objectivity, if followed sincerely & consistently, success is assured.

    My best wishes for this glorious journey.

    ilango

    ReplyDelete
  2. Just Trade31 October 2011 at 19:21

    Thank you Ilango Sir for your comment and good wishes. Never would have been possible without your guidance.

    ReplyDelete

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Nifty Future Swing Trading-

 Long trade taken at 22254 now stop and reverse at 22951. Entry to be taken at 1 hour candle closing below 22951. Happy trading JT