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.

Weekly Nifty 24 to 28 Oct 2011

Last week's weekly NIfty levels posted were as follows:
Above 5133 Nifty is a buy for targets of 5169-5243 and 5328
Below 5133 Nifty is a sell for targets of 5071-5001-4956 and 4919
Nifty opened at 5160 broke 5133 immediately and reached our first and second target. LAST WEEKS POST

For the coming week we have only three days of trading. The charts suggest the following levels:

Above 5097 will target 5149.
Above 5149 will target 5394.
Below 5075 will target 4948

Just Trade Nifty for 21 Oct

Above 5092 will target 5117 and 5128
Below 5092 will target 5085 and 5070.

Above 5070 Nifty will be bullish and below this it will be bearish.

Just Trade Nifty for 20 Oct

Above 5145 target 5160-5195
Below 5131 target 5102-5090-5041

KISS Level at 5081 on 5 Min and 5059 on 15 min

Just Trade Nifty for 19 October

Above 5056 Nifty will target 5095/5106. 
Go Short around 5095/5106 stop loss 5130
Below 5034 Nifty will target 5003 and 4978

Post Market Update- 18 Oct

Nifty opened gap down below our breakdown level of 5070 and made a low of 5015

Morning Nifty future gave opportunity to short at 5058 and gave 30 points.

Just Trade Nifty for 18th October

Weekly Levels reamin the same for postional trading

Intraday tomorrow Nifty is a buy above 5126 for target of 5155.
Above 5155 it is a breakout.
Below 5114 Nifty is a sell for targets of 5070
Below 5070 it is a breakdown

Post Market Update

Nifty faced resistance at the channel line which is plugged at 5161. Opened here and traded lower.

According to the weekly levels posted it was a sell below 5133 for a target of 5178.

As per the daily charts posted it was written to short below 5117 and go long above 5135.

Shorting below 5117 target given was 5085. Nifty made a low of 5184.85

WEEKLY NIFTY - 17 TO 21 OCT

Above 5133 Nifty is a buy for targets of 5169-5243 and 5328
Below 5133 Nifty is a sell for targets of 5071-5001-4956 and 4919

For Breakout it has to trade above 5169 for BREAKOUT BUY and
For BREAKOUT SELL it has to trade below 5071.

Just Trade Nifty Intraday - 17 October 2011

5126/35  is the level to watch if we open flat. Above this it will target 5190/95

Opens Gap up then we short at 5190/98 for target of 5161/5135/26

UPSWING PIVOT  is at 5078

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.