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.