NIFTY UPDATED CHART

INTRADAY SETUP TRADE

TIME TO TIME I HERE POST INTRADAY TRADING CHART WHICH HAS BEEN MADE BASED ON INTRADAY SETUP.

IN THE EXAMPLE BELOW I HAVE SHOWN THAT HOW YOU CAN MAKE MONEY EVEN IN VERY TIGHT RANGE BOUND MARKET.

TODAY MARKET MOVED IN VERY TIGHT RANGE BUT WE MADE PROFIT IN WIDE RANGE.

ACCORDING TO OUR INTRADAY SETUP SELL SIGNAL DETECT AT 5870.58 WITH STOP LOSS AT 5876.58. THIS LEVEL IS CLEARLY VISIBLE IN SETUP PICTURE BELOW.

IN INTRADAY NIFTY COME AT 5870 AT 2.35 PM AT THE SAME TIME AS SIGNAL CAME I BOUGHT 20 LOTS 5900 PUT AT 65. ( SEE THE CHART BELOW) AND AFTER 35 MINUT I SOLD AT 75.

20 LOTS X 10 POINTS = 1000 x 10 = RS.10000/00 PROFIT IN A SINGAL DAY.

WHAT ELSE YOU WANT.

IF YOU ARE TRADING WITHOUT INTRADAY SETUP MEANS YOU ARE DOING ADVENTURE WITH YOUR CAPITAL.

BUY INTRADAY SETUP. EVERYDAY WILL BE YOUR DAY. DON'T DO ADVENTURE WITH YOUR CAPITAL. "WINNERS DON'T DO DIFFERENT THINGS. THEY DO THINGS DIFFERENTLY"

MARKET UPDATE

Nifty next big support is coming around 5630 and trend will remain highly negative and I expect 5630 level will come very soon. This down side view will be invalid if nifty cross 5920 level. As long as bear will protect this level probabilities will remain high that nifty will come 5630 level. Avoid long trade further unless nifty break above level.

Strategy:-

Sell on Rise around 5870-90 with stop loss at 5920 keep positional target 5630-50.  

KIND ATTENTION PLEASE

Dear viewers,

If nifty break 5800 then 5630 level may come very quickly. Fresh Long Position can be made only above  5880.

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NIFTY X-RAY REPORT FOR 22 FEB

Nifty future slide highest in last seven months. A big bearish engulfing pattern has formed on nifty EOD chart. Earlier I thought that nifty will formed five wave pattern on hourly chart but it went invalid as it broke 5925 in morning session, which I have posted in my last post that keep stop loss at this level and be on long side. It seems that it formed A,B,C pattern, and if this count is ok then Nifty should reverse from 5820 level and C wave should take nifty once again towards 6000 level. I highly expect that last four days till expiry is going to blast if nifty hold 5800 level. Remember I am saying if hold 5800 level.

Fiis sold 16440 contracts of index future worth Rs. 486 cores and open interest decreased by 7418 contracts indicating that Fiis are not aggressive for short side. They have bought huge 1213 cores in cash market segment, giving indication that they have use the dip for buying. Why they are buying in dip when everybody is bearish in current market situation. This all compel me to think that up move is possible in near term. Lets consider Option open interest data.

Nifty 5800 put added 10,89,100 contracts in open interest and this strick has highest open interest on put side suggesting that 5800 level may give base to nifty. Open interest has added in falling market condition. Nifty 5900 call added 21,20,500 contracts in open interest. Option data suggesting that 5800 may give pause to bears and nifty may try to recover in c internal wave. Put Call ratio is at 0.88 also suggesting for reversal in market.

As per RSI on EOD chart is in oversold area indicating investor should cautious on short side and tomorrow may form bottom on Nifty. Mettle sector is in highly oversold zone may give nifty boost up.

Strategy for 22 Feb:- If nifty come near 5820-26 book profit in short and go reverse with the trade with strict stoploss at 5794 level.

GOOD LUCK

   

BLOOD BATH

RELIANCE COMMUNICATION

RELIANCE INDUSTRIES

NIFTY X-RAY REPORT FOR 21 FEB

NIFTY FACED RESISTANCE AROUND 50 DMA AND CLOSED BELOW THIS LEVEL. AS NIFTY FUTURE UP BY 10 POINTS AND OPEN INTEREST INCREASED BY 1.4% INDICATING THAT FRESH LONG POSITION HAS ALSO BEEN ADDED INTO THE MARKET TODAY. AS PER NIFTY EOD CHART THREE CONSECUTIVE GREEN CANDLESTICK PATTERN WAS SEEN TILL YESTERDAY. IN SHORT TERM TREND IS POSITIVE WITH RESISTANCE NEAR 5983 AND 6013 LEVEL. USE THIS LEVEL FOR SELL FOR MID TO LONG TERM PERSPECTIVE. FII BOUGHT INDEX FUTURE WORTH RS 366 CORES WITH INCREASE IN OPEN INTEREST INDICATING THAT SHORTS HAVE BEEN COVERED TODAY.

AS PER NIFTY HOURLY CHART IT SEEMS THAT 1,2,3,4 WAVE HAS COMPLETED AND FIFTH IS DUE TO 6010. IF WE DON'T SEE ANY WAVE EXTENSION ON HOURLY CHART THEN 6010 WILL BE TERMINATION POINT OF THIS UP MOVE. KEEP 5925 AS STOP LOSS FOR ALL LONG TRADE NOW FOR THE TARGET OF 5990-6010.

BOOK PROFIT DLF

DLF BLASTED  SAFE TRADERS BOOK PROFIT IN DLF AROUND 279. BUY RECOMMENDED TWO DAYS BACK AROUND 265.

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NIFTY X-RAY REPORT FOR 20 FEB

As I had indicated in my previous post that nifty may took support on rsi double bottom. Nifty made short term bottom at 5854. As nifty future was up by 49 points and open interest increased by 2.8% indicating fresh long position has been made into the market today. Three consecutive green candlestick pattern has formed on Nifty EOD chart and has given breakout above 15 days falling trend line as shown in chart below, indicating further green trend. Nifty is near its 50 day moving resistance. once if cross and sustain above 50DMA it may touch 5983-6013 level very soon. According to option open interest data 5900 put added 565350 contracts and 5900 call decreased by 749500 contracts from open interest indicating call writers have exited from 5900 call and writing in 5900 put seen today.

Hurdle around 5960 after that no problem for bulls till 5983 -6013.

NIFTY ELLIOTT WAVE COUNT

NIFTY UPDATE FOR 19 FEB

DLF