Nifty Positional Update for 24 January 2012

Long from 05 January 2012 at 4750
Partial Profit Booked on 20 January 2012 at 5050
Trailing Stop Loss for 24 January 2012 plugged at 5002.
Exit Nifty if it closes below 5002 today.

Status: Partial Profit of 300 points booked.

Nifty Future Trading Levels 24 Jan

Above 5058.50 trade towards 5097 in a sideways mode.
Above 5097 the day trend turns bullish.
Below 5039.50 the day trend turns bearish.

Bullish targets above 5058.50 are 5070/5080/5102/5124
Bearish targets below 5039.50 are 5027/5017/4996/4974

Nifty Future Trading Levels 23 Jan

Above 5042 trade towards 5092 in a sideways mode.
Above 5092 the day trend turns bullish.
Below 5028 the day trend turns bearish.

Bullish targets above 5042 are 5051/5073/5095
Bearish targets below 5028 are 5019/4998/4976

Nifty Future Trading Levels 20 Jan

Above 5013 trade towards 5031 in a sideways mode.
Above 5031 the day trend turns bullish.
Below 5004 the day trend turns bearish.

Bullish targets above 5013 are 5035/5057/5079
Bearish targets below 5004 are 4983/4961/4939

Nifty Future Trading Levels 19 Jan

Above 4958 trade towards 4978 in a sideways mode.
Above 4978 the day trend turns bullish.
Below 4956 the day trend turns bearish.


Bullish targets above 4958 are 4979/5001/5023
Bearish targets below 4956 are 4936/4914/4892

Just Trade Trend 17 Jan 2012

Resistance at 4904.50
Support at 4867.25


Breakout above 4877.65


Trading Zone - 4877 to 4857


Breakdown below 4857

Just Trade Trend 16 Jan 2012

Above 4874 target 4895/4917/39/61
Below 4829 target 4807/4785/63/41


AGNI LEVEL AT 4918.50
DEV SAR  4865.30

NIFTY FUTURE SUPP & RES & BREAKOUT & BREAKDOWN

Nifty Future Trading Levels 13 Jan

Buy Above 4826 target 4853-65-91
Sell Below 4847 target 4821-09-4782
No Trade Zone 4826-4847

Just Trade Trend 13 Jan 2012

Above 4870 trade up
Below 4839 trade down
Trading Zone- 4839 to 4870

Just Trade Trend 12 Jan 2012

JT TREND SAR AT 4814.15


REMAIN LONG ABOVE 4814.15 AND SHORT BELOW 4814.
INITIAL STOP IF SHORT TRIGGERED IS PLUGGED AT 4836.50

Nifty Future Trading Levels 12 Jan

Buy Above 4836.50 target 4864, 4882, 4899.
Above 4899 Breakout.


Sell Below 4855 target 4838,4820,4792
Below 4792 Breakdown


Since Buy Above and Sell Below are clashing it is No trade Zone or Trading Zone.
Buy Above 4836.50 and Sell Below 4855

Just Trade Nifty 12 Jan

Above 4865 Nifty will trade sideways till 4900
Only Above 4900 bulls will show strength.
Below 4865 Nifty will trade lower.

Weekly Nifty 10 Jan

The above chart shows that 200 EMA has crossed above 200 SMA. RSI is at 42.5.
The 200 SMA is at 4767 and 200 EMA at 4848. Closing Above 200 SMA and RSI above 45 will give signal of an upmove starting. Closing above 200 EMA will confirm the uptrend and the whipsaw which we have been seeing for the last few days will stop and the UP Trend will start.
Till this happens the trend is down.

Just Trade Trend 10 Jan 2012

Last two days we have seen whipsaw trades. The secret of any system espicially a trend following system is to follow consistently. Today we do not have any carried over position.
 Go Long Above 4751 and Short Below 4706. Stop will be JT Trend for the day at 4728.50

Just Trade Trend 06 Jan 2012

Just Trade Trend 05 Jan 2012

Just Trade Trend 04 Jan 2012

Nifty Levels for 03 Jan

If SAR at 4649.25 is taken today then the stop loss for longs will be 4625.
Above 4672 Nifty will confirm this reversal.

Just Trade Trend 03 Jan 2012