Buy Above 5706.40 target 5732.75-5759-5785 Sell Below 5680.00 target 5653.70-5627.40-5601 Crossing 5706.40 if unable to cross 5732.75 and breaks 5706.40 then short at 5706.40 Stop and Reverse at 5732.75
Current Position Long @ 5668.50 on 11 October SAR for tomorrow @ 5662.50 Maximum Gained 75 points
How To Trade JT Trend
Trading Above High Level indicates Breakout
Trading Below Low Level indicates Breakdown
The Buy/Sell Indicates that the previous day Nifty has closed above or below that level.
Simple method of trading the above
level is to be long above MIDDLE Level and Short below. Trading below
Low/High indicates breakout/trending and we can hold position for a few
days.
Once position is taken above/below initial stop loss of 22 points to be placed.
The Buy/Sell Indicates that the previous day Nifty has closed above or below that level.
Simple method of trading the above level is to be long above MIDDLE Level and Short below. Trading below Low/High indicates breakout/trending and we can hold position for a few days.
Buy Above 5804 stop and reverse at 5769 target 5840 and 5908. At 5908 will face resistance and will continue up trend only above 5941 Below 5769 will target 5720 and 5665 where it will find support. Down trend will continue below 5631
Above 5752 will target 5794 where it may face resistance. Will continue Up trend above 5807 Below 5739 will target 5697 where it may find support. Will continue Down Trend below 5684
Plan: Continue to hold long taken at 5605. Exit the position if trades below 5724.55. Exit only at 5724.50. Re-enter Long crossing 5746.55. Book shorts at 20 points or more. This way the net result will be that we continue to hold long but have played around with the position to make some intra day points.
As planned yesterday we reversed the positional trade at 5605. The JT SAR for 24 September is plugged at 5579. Intra Day Levels for trading is given above under Lower, Middle and Upper Trading Levels
Buy Nifty in dips at 5576 SAR 5554 and only Above 5625.70 SAR 5603.70 Sell Nifty on rises near 5603 and 5620 SAR 5626. and Sell Only below 5554 SAR 5576
Bank Nifty As per plan went Long at 10000 exit 9970 Went short at 9970 exit 9900 Total 40 points plus Nifty As per plan went Long at 5265 exit 5255 (End of day) Total 10 points minus
All three Upper Levels in Sell Mode Two lower Levels in Sell Mode and one in Buy Mode Buy in dips around 10033 and 9990 stop 9970 Sell on rises around 10121 and 10165 stop 10195
All Three Upper Levels is n SELL mode Two Lower Levels are in BUY Mode and one in Sell Mode Buy Nifty In Dips around 5283 and 5265 stop 5235 Sell Nifty on rises around 5327/5340 stop 5355
All Upper and Lower Levels are In SELL Mode Bank Nifty continues to be Sell in rises Sell Bank Nifty on rises 10155 and 10199 stop 10245 Buy ind dips near 9980/90 stop 9950
All Three Upper Trading Levels are in SELL mode Two out of three Lower Levels are in SELL mode Nifty continues to be buy in dips and sell on rises Sell Nifty on rises to 5301 and 5324 stop 5346 Buy Nifty on dips near 5358/60 Stop 20 points
Nifty As per plan went short at 5309 and 5325 exit at 5270 Went Long at 5270 and exit at 5290 Total Points plus 75 points Bank Nifty AS per plan went short at 10013/10147 exit at 10040 Went Long at 10030 exit at 10070 Total points 140 points
Bank Nifty is trading well below breakdown Level 2. It is in Sell on rises means we sell at every resistance area. The resistances for today are 10047.60 and 10135. Support is at 9959/60
Today being expiry day we may see whipsaws in the market. Trade with caution or stay out.
Nifty Open High was same at 5350 and our stand was to sell below 5362. Went short at opening at 5344 exited partially at 5318 and fully at 5300. Total points 44 points BankNifty As per strategy opening went long at 10090 and exited at 10145. Decision to exit was taken as BNF missed our target of 10167 by 12 points and below 10167 is sell area. Went short at 10140 as per plan and exited at 10040. Total Points 150 points.
Wednesday 29 August 2012
All Six Levels are in SELL Mode Above 10090 will trade towards 10167 Buy Above 10090 target 10167. Stop at 10030 Sell on rises to 10167 and 10211 stop at 10256
All Three Upper Trading Levels are in SELL mode. One Lower Trading Level is in SELL mode and two are in Buy Mode Below 5362 will trade towards 5318. Sell around 5362 or even higher at 5390 stop at 5413 Buy near 5318. Trading Range 5318 to 5362
Down Trend to continue below 10177. Above this will pause and give opportunity to sell on rises.
For today above 10197 sell around 10241 with stop above Breakdown 1 which is at 10286.
How to Trade the Above Levels Scenario 1 Open price is between Sell Below and Buy Above Levels For Long Wait for the price to go below Buy Above Levels and then when it moves back above Buy Above, buy. Stop loss will be when price moves below Stop and Reverse. For Sell Wait for the price to go above Sell Below and then when the price moves back below Sell Below, sell. Stop loss will be Stop & Reverse Level.
Scenario 2 Open price is between Sell Below and Stop & Reverse Levels. For Long Upper Trading Level When price moves above Stop & Reverse Level, buy. Stop loss when price goes below Sell Below Level. For Short When the price goes below Sell Below, sell. Stop loss when prices moves above Stop & Reverse. Lower Trading Levels The above set up is true for Lower Trading Levels also.
How to Trade the Above Levels Scenario 1 Open price is between Sell Below and Buy Above Levels For Long Wait for the price to go below Buy Above Levels and then when it moves back above Buy Above, buy. Stop loss will be when price moves below Stop and Reverse. For Sell Wait for the price to go above Sell Below and then when the price moves back below Sell Below, sell. Stop loss will be Stop & Reverse Level.
Scenario 2 Open price is between Sell Below and Stop & Reverse Levels. For Long Upper Trading Level When price moves above Stop & Reverse Level, buy. Stop loss when price goes below Sell Below Level. For Short When the price goes below Sell Below, sell. Stop loss when prices moves above Stop & Reverse. Lower Trading Levels The above set up is true for Lower Trading Levels also.
How to Trade the Above Levels Scenario 1 Open price is between Sell Below and Buy Above Levels For Long Wait for the price to go below Buy Above Levels and then when it moves back above Buy Above, buy. Stop loss will be when price moves below Stop and Reverse. For Sell Wait for the price to go above Sell Below and then when the price moves back below Sell Below, sell. Stop loss will be Stop & Reverse Level.
Scenario 2 Open price is between Sell Below and Stop & Reverse Levels. For Long Upper Trading Level When price moves above Stop & Reverse Level, buy. Stop loss when price goes below Sell Below Level. For Short When the price goes below Sell Below, sell. Stop loss when prices moves above Stop & Reverse. Lower Trading Levels The above set up is true for Lower Trading Levels also.
How to Trade the Above Levels Scenario 1 Open price is between Sell Below and Buy Above Levels For Long Wait for the price to go below Buy Above Levels and then when it moves back above Buy Above, buy. Stop loss will be when price moves below Stop and Reverse. For Sell Wait for the price to go above Sell Below and then when the price moves back below Sell Below, sell. Stop loss will be Stop & Reverse Level.
Scenario 2 Open price is between Sell Below and Stop & Reverse Levels. For Long Upper Trading Level When price moves above Stop & Reverse Level, buy. Stop loss when price goes below Sell Below Level. For Short When the price goes below Sell Below, sell. Stop loss when prices moves above Stop & Reverse. Lower Trading Levels The above set up is true for Lower Trading Levels also.
How to Trade the Above Levels Scenario 1 Open price is between Sell Below and Buy Above Levels For Long Wait for the price to go below Buy Above Levels and then when it moves back above Buy Above, buy. Stop loss will be when price moves below Stop and Reverse. For Sell Wait for the price to go above Sell Below and then when the price moves back below Sell Below, sell. Stop loss will be Stop & Reverse Level.
Scenario 2 Open price is between Sell Below and Stop & Reverse Levels. For Long Upper Trading Level When price moves above Stop & Reverse Level, buy. Stop loss when price goes below Sell Below Level. For Short When the price goes below Sell Below, sell. Stop loss when prices moves above Stop & Reverse. Lower Trading Levels The above set up is true for Lower Trading Levels also.
How to Trade the Above Levels Scenario 1 Open price is between Sell Below and Buy Above Levels For Long Wait for the price to go below Buy Above Levels and then when it moves back above Buy Above, buy. Stop loss will be when price moves below Stop and Reverse. For Sell Wait for the price to go above Sell Below and then when the price moves back below Sell Below, sell. Stop loss will be Stop & Reverse Level.
Scenario 2 Open price is between Sell Below and Stop & Reverse Levels. For Long Upper Trading Level When price moves above Stop & Reverse Level, buy. Stop loss when price goes below Sell Below Level. For Short When the price goes below Sell Below, sell. Stop loss when prices moves above Stop & Reverse. Lower Trading Levels The above set up is true for Lower Trading Levels also.
Stop and Reverse triggered on 20 March at 5315. Present Position - Long at 5315 Stop and Reverse placed at 5249 Maximum points gained 90 points.
Upper Trading Range
Sell Below 5317.85 stop and reverse 5338.75
Lower Trading Range
Buy Above 5276.15 stop and reverse 5255.30
How to Trade the Above Levels Scenario 1 Open price is between Sell Below and Buy Above Levels For Long Wait for the price to go below Buy Above Levels and then when it moves back above Buy Above, buy. Stop loss will be when price moves below Stop and Reverse. For Sell Wait for the price to go above Sell Below and then when the price moves back below Sell Below, sell. Stop loss will be Stop & Reverse Level.
Scenario 2 Open price is between Sell Below and Stop & Reverse Levels. For Long Upper Trading Level When price moves above Stop & Reverse Level, buy. Stop loss when price goes below Sell Below Level. For Short When the price goes below Sell Below, sell. Stop loss when prices moves above Stop & Reverse. Lower Trading Levels The above set up is true for Lower Trading Levels also.
How to Trade the Above Levels Scenario 1 Open price is between Sell Below and Buy Above Levels For Long Wait for the price to go below Buy Above Levels and then when it moves back above Buy Above, buy. Stop loss will be when price moves below Stop and Reverse. For Sell Wait for the price to go above Sell Below and then when the price moves back below Sell Below, sell. Stop loss will be Stop & Reverse Level.
Scenario 2 Open price is between Sell Below and Stop & Reverse Levels. For Long Upper Trading Level When price moves above Stop & Reverse Level, buy. Stop loss when price goes below Sell Below Level. For Short When the price goes below Sell Below, sell. Stop loss when prices moves above Stop & Reverse. Lower Trading Levels The above set up is true for Lower Trading Levels also.
Scenario 3 Open price is outside Stop & Reverse Levels Wait for prices to come below Stop & Reverse Levels and trade according to Scenario 2.