Just Trade Nifty 06 Feb 2011

Just Trade Trend Indicator
Month Chart - Above 20- Buy Hold position
Week Chart   - Reaching 80 -  Buy At Cross Roads
Day Chart      - Above 80 - Buy Hold position
Hour Chart    - Above 80 - Buy Hold position
15 Chart        - Below 80 turning down


Hour/Day/Week and Month time frames are in a BUY. 
Intra Day Traders HOLD Buy Position & Exit and Reverse Position on close below 80 of Just Trade Indicator on Hour chart
Short Term Positional Traders Exit & Reverse Position when Just Trade Indicator turns below 80 on Daily Chart
For 06 Feb if JTI remains above 80 on Hour Chart then buy in dips when JTT comes near 20 on 15 Min chart.

Nifty Future Trading Levels 3 Feb

Nifty Future Trading Levels 3 Feb


Above 5278 the day trend turns bullish

Below 5276 will trade towards 5255 in a sideways mode.

Above 5254 will trade towards 5277 in a sideways mode

Below 5250 the day trend turns bearish.

Nifty Future Trading Levels 31 Jan

Nifty Future Trading Levels 31 Jan

Above 5123.50 trade towards 5160 in a sideways mode.
Above 5160 trade towards 5212 in a sideways mode.

Above 5212 the day trend turns bullish.

Below 5160 trade towards 5123 in a sideways mode
Below 5121 the day trend turns bearish.


Bullish targets above 5124 are 5135/5145/5167/5189
Bearish targets below 5160 are 5148/5138/5116/5094

Nifty Positional Update for 31 January 2012

Long from 05 January 2012 at 4750
Partial Profit Booked on 20 January 2012 at 5050
Trailing Stop Loss hit today at 5149. 
Gone Long at 4750 on 05 January exit on 30 January. 
Profit 5149-4750= 399 points.


Present Position- No Position.

Nifty Future Trading Levels 30 Jan

Nifty Future Trading Levels 30 Jan

Above 5203 trade towards 5226 in a sideways mode.
Above 5226 the day trend turns bullish.
Below 5193 the day trend turns bearish.


Bullish targets above 5203 are 5216/5238/5260/5282/5304
Bearish targets below 5193 are 5180/5158/5136/5114/5090

Nifty Positional Update for 30 January 2012

Long from 05 January 2012 at 4750
Partial Profit Booked on 20 January 2012 at 5050
Trailing Stop Loss for 30 January 2012 plugged at 5149.
Exit Nifty if it closes below 5149 today.

Market View 30 January 2012

On Friday Nifty has closed exactly at 200 SMA and formed a hanging man. A few days back there was a huge spike in VROC at 200 EMA indicating that it has pushed the resistance and now it has become support.
However we have VROC closing below the zero line on Friday. Negative values are indications of the weakening of existing trends.

Three important factors to consider:
1. Closed just below 200 SMA
2. Formed a Hanging Man
3. VROC closed negative.


Watch the next couple of days for confirmation of a reversal.