Weekly Nifty - 12 to 16 Dec 2011

Above 4888 target 5050-5086-5134-5362
Below 4864 target 4745-4710

Just Trade Nifty 12 Dec 2011

Above 4869 target 4920
Above 4920 target  4955-4977

Below 4850 Support at 4828-31

Nifty Resistance & Support & Direction for 09 Dec

Trying to keep it very very Simple.
Finding the Resistance and Support by drawing only two trendlines. Lets watch how this strategy unfolds in the coming weeks.

Above 5008 Breakout
Below 4948 Breakdown

Trading Zone - 4950 to 5005

Pre Weekly Nifty 12 to 16 Dec

Above 4888 target 5051
Below 4864 target 4749 and 4706

Just Trade Nifty 09 Dec 2011

Above 4964 target 4996-5008-5056-5091
Below 4929 target 4910-4840

Above 5101 target 5120
Below 5090 target 5069
Below 5069 target 5015-5005
Below 5005 target 4970

Support at 5015 and 5005.
Resistance at 5069 and 5094

Just Trade Nifty Future 07 Dec

Above 5088 Buy
Below 5070-68 Sell

Just Trade Nifty 07 Dec 2011

Above 5025 target 5044-5050-5069
Cluster support at 5025-5003-4993-4980
Cluster resistacne at 5044-5050
Above 5069 target 5123
Below 4980 target 4914

Trading Zone 5025 to 5069
Breakout Above 5069
Breakdown Below 4980

Just Trade Nifty 02 Dec

Above 4926 target 4948-4993-5005
Below 4948 target 4926-4913-4905
Below 4905 target 4872

Just Trade Nifty Updated Levels for 01 Dec 2011

World Market Cues suggest a gap up opening.
Revised Levels for trading today are:

Above 4954 target 4997 and 5024-5041-5051-5068
Below 4954 target 4883

Nifty Resistance & Support 01 Dec

Resistacnce - 4862-4883
Support -       4758-4737

Trading Zone - 4758 to 4862
Breakout Above 4883
Breakdown Below 4737

Resistance	4811-4825	4862-4883	5051-5068
Support	4785-4768	4758-4737	4608-4596

Just Trade Nifty 01 Dec 2011

Above 4831 target 4869 and 4917
Below 4831 target 4821-4790-80
Above 4790 target 4821-4831

Nifty Resistance & Support-30 Nov

Resistance 4843-4864-4988
Support - 4820-4775-4612

Breakout Above 4843
Breakdown Below 4775
Sideways Between 4775 to 4843

Just Trade Nifty 30 Nov

Below 4804 target 4775
Above 4775 target 4804
Above 4804 target 4821-32-41
Below 4841 target 4832-21-4804
Below 4775 target 4748

Just Trade Nifty 29 Nov

Above 4956 target 4885-4910-4940
Below 4956 target 4843-4820-4817
Above 4820 target 4843-56-85-4910

Channel Nifty Trading-28 Nov to 02 Dev

Above 4743 target 4842-4949-5020-5155-5370
Below 4700 target 4557

Just Trade Nifty 28 Nov

Above 4756 target 4774-4812-25
Below 4742 target 4729-4712
Below 4712 target 4696-4670-47-30

Trading Zone 4712 to 4756
Breakout Above 4756
Breakdown Below 4712

Pre Weekly Levels for 28 Nov to 02 Dec

Nifty Future Dec Series Weekly Levels for next week.
This is applicable so long as the high and low of this week is not disturbed.

Above 4751 target 4771-4788-4808-4818-4841
Above 4841 target 4865-4894-4941-5078
Below 4718 target 4695-4666-4619-4482

Trading Range 4751 to 4808

Breakout Above 4841
Breakdown Below 4718

Stop & Reverse - 25 Nov

Spot SAR 4740

Future Dec Series SAR 4760

Just Trade Nifty Future 25 Nov

Levels for Nifty Future December series:

Above 4757 target 4782-4797-4817-4849
Below 4712 taret 4677-4660-4628

Breakout above 4757 & Breakdown below 4673

Just Trade Nifty 25 Nov

Above 4732 target 4757-72-91-4822
Above 4822 target 4927
Below 4692 target 4677-4652

Breakout Above 4732 & Breakdown Below 4652

Stop & Reverse - 24 Nov

POSITIONAL TRADE TRAILING STOP IS AT 4784.50
REVERSE POSTION ABOVE 4795

Just Trade Nifty Future 24 Nov

Above 4688 target 4698-4716-4737
Below 4669 target 4657-4641-4615
Below 4615 target 4540

Trading Range 4688 to 4737

Breakout Above 4737
Breakdown Below 4669

Just Trade Nifty 24 Nov

Above 4693 target 4709-25-55-76
Below 4677 target 4662-38-4600

Weekly Just Trade Nifty 21 to 25 Nov UPDATE

We had gone short at 4843 on Monday and booked partially.

Today just now booked fully as target achieved at 4740

The levels posted for this week was

Below 4843/20  target 4740

CLICK HERE TO READ THE FULL POST

Inside Days with Bollinger Bands-23 Nov

Combining Inside Days with Bollinger Bands

Prices at the upper Bollinger Bands are considered high and prices at the lower Bollinger band are considered low. However, just because prices have hit the upper Bollinger does not necessarily mean that it is a good time to sell. Strong trends will 'ride' these bands and wipe out any trader attempting to buy the 'low' prices in a downtrend or sell the 'high' prices in an uptrend. Therefore, just buying at the lower band and selling at the upper band is out of the question. By definition, price makes new highs in an uptrend and new lows in a downtrend, which means that they will naturally be hitting the bands. With this information in mind, our filter will require that buy signals occur only if the candle following the one that hits the Bollinger band does not make a new high or low. This type of candle is commonly known as an inside day. The best time frames to look for the inside days are daily charts, but this strategy can also be used on hourly, weekly and monthly charts. Combining inside days with Bollinger bands increases the likelihood that we are only picking a top or bottom after prices have hit extreme levels. As a rule of thumb, the longer the time frame, the rarer the trade will be, but the signal will also be more significant.

Today we have a copy book set up of an Inside Day with Bollinger Bands.

Two ways of trading this set up.

1. Go long stop to be placed 10 points below yesterdays low of 4765. First target 5133.

2. Wait for a breakout above 4875 and go long. Stop for this is ideally the low of previous candle which is 4765. Unfortunately the stop is 100 points hence this set up does not have a good risk reward.

Will Go long tomorrow following the first set up.

Just Trade Nifty Future 23 Nov

Nifty Future Chart.
Levels posted in this post are future levels.

Above 4790-93 target 4819-35
Cluster resistances at 4819-35
Above 4835 target 4870-4905
Below 4770 target 4720-4690

Just Trade Nifty 23 Nov 2011

Above 4800 target 4824 -4844
Cluster Resistance at 4824-44
Above 4844 target 4867-4914
Below 4790 target 4762
Below 4762 target 4720 and 4690

Post Trading Analysis and Result-22 Nov

Sold Nifty as per plan and levels posted at 4820 and booked at 4885

Sold Nifty again at 4845 and booked at 4790

Total Profit 90 points in two trades.

Just Trade Nifty 22 Nov UPDATE

Sold Nifty as per plan and levels posted at 4820 and booked at 4885

Will go long above 4777 stop 4764

Nifty in trading range.

Weekly Just Trade Nifty 21 to 25 Nov 2011 -UPDATE

As per levels posted went short below 4843 for target of 4740.
Booked partial profit today at 4770. Profti so far 73 points.

CLICK TO READ POST

Post Market Review and Result of Trading

Todays Levels Posted was
Above 4888 target 4909
Above 4909 target 4932-4941-4953
Above 4953 target 4997
Cluster Resistances at 4941 to 4953
Below 4874/61 target 4845-40 and 4826

Today Nifty opened at 4871, high was the same and traded lower.
Our level to short was below 4874. Nifty gave 100 points from our sell level.

Just Trade 22 Nov 2011

Above 4777 target 4820-45
Sell around 4820-45 stop 4855
Below 4764 target 4726-4709
Below 4709 target 4650-4600

Nifty Future for 21 Nov 2011

Posting Nifty Future Charts and Levels for Trading.
Levels in this post are future levels

Above 4882 target 4918
Above 4918 target 4930-41-65 &5016
Below 4870 target 4849- 41
Trading Zone 4882 to 4918
Breakout Above 4918
Breakdown Below 4870

Just Trade Nifty 21 Nov 2011

Above 4888 target 4909
Above 4909 target 4932-4941-4953
Above 4953 target 4997
Cluster Resistances at 4941 to 4953
Below 4874/61 target 4845-40 and 4826

Weekly Just Trade Nifty 21 to 25 Nov 2011

Looking at the three different charts out of which two are weekly and one daily, we can deduce the following for positional trading next week:

Above 4888 target 4951
Above 4951 target 4991 and 5016
Above 5016 target 5103,5142 and 5160
Below 4843/20  target 4740

Breakout Above 4951
Breakdown Below 4820
Trading Zone 4843- 4951

Weekly Channel Just Trade Nifty 14th Nov to 18th Nov 2011-UPDATE

We had gone short below 5132 and booked partially at first target at 5039.
Today second and final target was achieved at 4848. Total profit from this trade 284 points.

CLICK HERE TO READ THE POST

Just Trade Nifty 18 Nov 2011

Above 4957 target 5002 and 5010
Below 4929 target 4900 and 4850
Final support for this fall is at 4822-20.
Chances of Nifty bouncing from this support is there as all indictors in all time frames is highly oversold.

Behavioral Finance

Reality in the financial world of stock markets is that 90 to 95 percent of the people/traders lose money.  Why then do we still have such a large number of people who continue to be in this market either as investors or traders and this number is growing day by day even though they fall into the 90 to 95 percent bracket.

Will Behaviorial Finance help us get out of the 90 to 95 percent bracket....

What Does Behavioral Finance Mean?

A field of finance that proposes psychology-based theories to explain stock market anomalies. Within behavioral finance, it is assumed that the information structure and the characteristics of market participants systematically influence individuals' investment decisions as well as market outcomes.

It's hard not to think of the stock market as a person: it has moods that can turn from irritable to euphoric; it can also react hastily one day and make amends the next. But can psychology really help us understand financial markets? Does it provide us with hands-on stock picking strategies? Behavioral Finance theorists suggest that it can.

Behavioral Finance: Introduction

According to conventional financial theory, the world and its participants are, for the most part, rational "wealth maximizers". However, there are many instances where emotion and psychology influence our decisions, causing us to behave in unpredictable or irrational ways. 

 Behavioral Finance is a relatively new field that seeks to combine behavioral and cognitive psychological theory with conventional economics and finance to provide explanations for why people make irrational financial decisions.

Why is behavioral finance necessary?

When using the labels "conventional" or "modern" to describe finance, we are talking about the type of finance that is based on rational and logical theories. These theories assume that people, for the most part, behave rationally and predictably.

For a while, theoretical and empirical evidence suggested that CAPM (capital assest pricing model), EMH( Efficient Market hypothesis) and other rational financial theories did a respectable job of predicting and explaining certain events. However, as time went on, academics in both finance and economics started to find anomalies and behaviors that couldn't be explained by theories available at the time. While these theories could explain certain "idealized" events, the real world proved to be a very messy place in which market participants often behaved very unpredictably.

One of the most rudimentary assumptions that conventional economics and finance makes is that people are rational "wealth maximizers" who seek to increase their own well-being. According to conventional economics, emotions and other extraneous factors do not influence people when it comes to making economic choices.

In most cases, however, this assumption doesn't reflect how people behave in the real world. The fact is people frequently behave irrationally. Consider how many people purchase lottery tickets in the hope of hitting the big jackpot. From a purely logical standpoint, it does not make sense to buy a lottery ticket when the odds of winning are overwhelming against the ticket holder.

These anomalies prompted academics to look to cognitive psychology to account for the irrational and illogical behaviors that modern finance had failed to explain. Behavioral finance seeks to explain our actions, whereas modern finance seeks to explain the actions of the "economic man" (Homo economicus).

To Be Continued....

Just Trade Nifty 17 Nov 2011

Above 5049 target 5064-5083-5099-5120
Below 5045target 5015-5005-4994-4947

Just Trade Nifty 16 Nov 2011

Above 5064 target 5110
Below 5053 target 5028-5020
Cluster support at 5020
Below 5020 target 4820

Weekly Channel Just Trade Nifty 14th Nov to 18th Nov 2011 -UPDATE

As per weekly channel chart posted short at 5132 is nearing our target of 5039. Todays low of Nifty 5053.80 and close is at 5054.45. Profit of 77 points.
CLICK HERE TO READ THE POST

Just Trade Nifty 15th Nov 2011

Above 5185  buy
Below 5135 sell
Cluster Resistance at 5161 to 5185

Weekly Channel Just Trade Nifty 14th Nov to 18th Nov 2011

Above 5161 target 5222 and 5265
Above 5265 target 5362 and 5510
Below 5132 target 5039
Below 5039 target 4848

Just Trade Nifty for 14 Nov 2011

Above 5147 target 5165- 5189
Above 5189 target 5240- 5300
Below 5129 target 5038

Just Trade Nifty for 11-11-11

Above 5228 target 5240-5268
Below 5218 target 5160 -5121
Cluster resistances at 5228-40

Just Trade Nifty for 09 Nov 2011

On the 15 min chart we have a channel formation. The levels are:
Above 5307 breakout
Below 5249 breakdown

Daily chart show the following levels:
Above 5273 target 5304/5310
Cluster resistances at 5304-5310
Sell Below 5263 target 5225/5160

Weekly Levels
Buy Above 5259 target 5321-5351-5369-5589
Sell Below 5249 target 5160


Channel Levels
Buy Above 5365
Sell Below 5254
Trading Zone
Buy Above 5254 & Sell Below 5365
Stop Loss 20 points on either side

Just Trade Nifty for 08 Nov 2011

Above 5319 target 5371
Below 5298 target 5225 and 5197

Pre Weekly Just Trade Nifty 07 to 11 Nov 2011

Today being the end of the week was looking at the weekly charts to see if we can get a heads up of how next weeks trading will look before the close of this week which may help in taking postion at the end of the day today if an opportunity arises.

Triangle Formation is seen. Above 5369 Breakout but cluster resistacnes at 5380 and 5391. Below 5263 Breakdown.

Trading Strategy

Buy Above 5391

Sell Below 5263

Trading Zone

Sell Below 5369

Buy Above 5263

Stop as usual 20 points above or below

Trading Holiday's week of 07th November 2011

Market Segment	Date	Day	Description
FO	07-Nov-2011	Monday	Bakri Id
FO	10-Nov-2011	Thursday	Gurunanak Jayanti
FO	06-Dec-2011	Tuesday	Moharram

Weekly Nifty 31 Oct to 04 Nov- UPDATE

Booked Nifty short at 5225 (future). Gone short on Monday at 5375. Profit 150 points

Just Trade Nifty for 04 Nov 2011

Above 5282 target 5304 and 5377
Below 5255 target 5236 and 5200

Just Trade Nifty 03 Nov 2011

Above 5252 target 5316 and 5383
Below 5224 target 5200
Below 5200 target 5160

Just Trade Nifty for 02 November 2011

Above 5224 target 5252 and 5316
Below 5191 target 5160

Weekly Nifty 31 Oct to 04 Nov- UPDATE

As per trading levels of Nifty gone short today at 5375 future. Stop 5400 Spot.

CLICK TO READ POST

Just Trade Nifty for 01 Nov 2011

Above 5319 target 5394 and 5461
Below 5295 target 5188

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 Trade Nifty for 31 Oct 2011

Intrday
Above 5400 target 5455
Below 5350 target 5319
Below 5319 target 5234

Weekly Nifty 31 Oct to 04 Nov 2011

Above 5400 target 5428 and 5490
Above 5490 target 5570
Below 5390 target 5350 and 5310
Below 5310 target 5186

Weekly Nifty 24 to 28 Oct 2011 -FINAL UPDATE

On 22nd October it was written that for this week Nifty Trading Levels are as follows:
Above 5097 will target 5149.
Above 5149 will target 5394.
Below 5075 will target 4948
The week has ended today and the result is as follows:
We went long as per levels at 5097 and placed stop loss at 5075.
Nifty opened this week at 5114.70 made a low of 5084.75, high of 5399.70 and closed at 5360.70.
Our target was 5394 which is achieved. Total profit this week is 297 points.

Weekly Nifty 24 to 28 Oct 2011 -UPDATE

On 22nd October it was written that for this week Nifty Trading Levels are as follows:
Above 5097 will target 5149.
Above 5149 will target 5394.
Below 5075 will target 4948


From Monday till date Nifty opened near 5114 made a low of 5084.75 and has closed at 5200. Our Long postion taken at 5097 has already given us 100 points. Hold on for target of 5394.
CLICK HERE TO READ THE POST

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 Nifty for 28 Oct 2011

Above 5218 will target 5248 -5275-5315
Below 5200 will target 5160

Just Trade Nifty 26 Oct 2011

Above 5203 target 5258
Below 5200 target 5157

Just Trade Nifty for 25 Oct 2011

Intraday Nifty is a buy above 5111 target 5145
Below 5075 will target 5045/30

KEEP IN MIND THE WEEKLY LEVELS OF NIFTY
Above 5097 will target 5149.
Above 5149 will target 5394.
Below 5075 will target 4948
CLICK TO READ POST


KISS PIVOT AT 5092

Post Market Update

Nifty opened gap up and faced resistance at our weekly level of 5149. From there it came down to our intraday buy level of 5081.  Today sold Nifty at 5155 (future) and booked at 5000

Just Trade Nifty for 24 Oct 2011

Above 5081 Nifty will target 5112 & 5127

Below 5069 Nifty will target 5026.