Weekly Nifty Future Trading Levels 11 to 17 Sept

Weekly Nifty Future Trading Levels From 11th September. 

Market Sentiment
Above 5334 Bullish
Below 5270 Bearish

Upper Trading Levels
Buy Above 5429.75
Sell Below 5414.00

Middle Trading Levels
Buy Above 5366.00
Sell Below 5350.00

Lower Trading Levels
Buy Above 5301.75
Sell Below 5286.00

Happy Trading Week

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

Just Nifty Positional -Channel Breakout- UPDATE

It was written on 15th October 2011 that we are trading in a channel and a breakout above 5160 will target 5570.  On 25th October we have broken out and closed above 5160. Carry Long postions for target of 5500/40. CLICK TO READ POST

Just Trade Positional -Channel Breakout- 24 to 27 Oct 2011

Last Week's Channel showed as to watch 5161. It was written

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 POST

This week the channel reamins the same but there is another channel which has been formed. It is between 5143 and 5030. Hence till we have a clean breakout either above 5160 or breakdown below 5030 Nifty will continue to trade inbetween this channel. Strategy will be to buy at support near 5030 and sell at resistance near 5140. Break above or below carry your postions and wait for targets.

Just Trade Nifty Spot Positional -Channel Breakout

Nifty has been trading in a channel. Trading and closing above 5161 Nifty will target 5570. Time frame 15 to 30 days.