Thursday 21 August 2014

Nifty Intra Day Trading Levels - 22 August 2014


Nifty Post Market Review 21 August 2014

Today Middle Level got whipsawed twice however gave back the loss.

If you had to trade the lower and upper level Nifty gave more than 50 points twice.

Points to consider when trading Intra Day Levels.

I wait for Nifty to come within 2/3 points of either Lower/Upper or Middle level.  I trade the level which Nifty makes contact first. For eg today Nifty opened at 7886 which was a punched in trade. Actual level it was trading as soon as it opened was below 7880 and it reached Lower buy level at 7874. 
So the strategy is to Buy at 7874 (plus or minus 2/3 points from level) and ignore other levels. So for today the levels were buy above 7873 and Sell below 7854. Nifty came down twice to 7873 and each time gave us more than 45 points profit.
 

Positional Short got hit and I have not taken Long yet. If you are long then the stop is at 7880

Sunday 10 August 2014

Tuesday 5 August 2014

Just Trade Intra Day Trading for 5 August 2014

Trading Plan

Buy around 7703 Stop 7695.
Stop gets hit then go short around 7703 with SL at 7711 or High whichever is higher.

If Gaps up then wait for crossing of 7757 and then BUY around 7748 Stop and Reverse at 7738

Confirmation Levels for Today 
Buy Levels - 7725.50 and 7718
Sell Levels - 7675.40 and 7668.25

Thursday 29 May 2014

Nifty Future Trading Levels- 29 May 2014

Yesterday Long Stop got triggered and SAR trade gave only 15 points

For today

Buy Above 7354

Sell Below 7337

Nifty Future Swing Trading - Update on Long Position

 Stop Loss moved to 22115