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