Monday, May 9, 2016

Nifty Trade 09th May 2016

Nifty Trade 09th May 2016
Bought Nifty Calls at Nifty CMP 7815 .
Nifty has given a breakout from downtrend  which stated on April 28th.A false breakout was given on May 3rd Also.But we are buying every breakout in the beleif that it will emerge as real.
Nifty daily is already in uptrend.So if the trade succeeds  we will be holding call from bottom of expected 7800-8200 range.
Stop loss is daily close below 7750.
Lets see how trades pan out.
Bank Nifty is also in similar position.

Friday, May 6, 2016

Bank Nifty and Nifty levels for buying Selling 6 may 2016

Bank Nifty and Nifty levels for buying Selling 6 may 2016
My buying and selling levels for today with two additional requirements.
1. No trades before 11:30 -12:30 AM
2. Buying/Selling in Nifty and banknifty will be done when both break their levels as this is time of consolidation and false breakout /breakdowns happen  frequently.
Nifty CMP:7695.95
Buy Above 7760
one more risky bet is to buy above 7744 if it continues to trade above that level for 15-20 minutes 
Sell below: 7675
Bank Nifty CMP : 16246
Buy Above 16355

Sell below: 16162


Thursday, May 5, 2016

Trading plan for 5th May 2016 in indian Stock market NSE Nifty and Bank Nifty

Trading plan for 5th May 2016 in  Indian Stock market NSE Nifty and Bank Nifty
Yesterday was a day of low ranges,so today explosion may occur in either direction.
Before taking any trade watching the opening of Europe is preferable today.
Trading plan for today in Nifty is as given below
Nifty CMP at 11:15 is 7730.25
Its a buy above 7761 and sell below 7701.
Bank Nifty CMP is 16303.15
Time to create new longs will be when it goes over 16400.
Shorting will be done if it dips below 16184.
These are my trading plans.I may not trade in both but levels are given only for reference.
One more thing is that we are near break zone so move in either direction will be rewarding and may continue for  many trading sessions.
Update at 11:53 AM Dow and Europe futures are green .Now trade can be taken on breach of these levels before 12:30 also.
Update at 3 : 25 PM : Did not initiate trade asBank Nifty never went above the buying  levels

Wednesday, May 4, 2016

Bank Nifty and Nifty Trading plan 04th may 2016

Bank Nifty Trading plan 04th may 2016
Bank Nifty has finally started correction to bases.
Strong support exist at 16153 which is the dividing level between bullish and bearish Bank Nifty.
Buying level is 15500 and level to sell is 15140.
Expecting  Bank Nifty   to respect both limits and initially trade with these levels.However any breakge of level will result in automatic trade.
For Nifty The buying and Selling levels are very wide.So not expecting a trade in Nifty today.
Buying level is at  7820 while selling level is below 7630.
For medium term close above 7700 is essential  for Nifty to remain in bullish zone


Friday, April 29, 2016

BankNifty Trading 29 Apr 2016

BankNifty Trading 29 Apr 2016
Bank Nifty CMP :16775
Created long at this level with no definite target/time frame in mind.
Stop loss : 16547 (Continued trading)
Analysis:
Today structure of bank Nifty looks more promising than Nifty.It fall less in yesterdays fall.
Nifty CMP is at 7870 and its buy if it trades for some time above 7905-7910 range .
Mid term analysis  of bank nifty and Nifty :both are bullis as long Nifty is above 7770 and bank Nifty is above 16030-40 range.
Stops /Supports
Nifty : 7770-7810 range
Bank Nifty : 16480-16540
Update at 2;40 PM Stopped out and reentered longs in BankNifty
Created new longs in Nifty
Update : Exited long on 3rd may 2016  when Nifty dipped below 7770

Monday, April 25, 2016

Buying and selling levels of Nifty Bank Nifty 25 April 2016

Buying and selling levels of Nifty Bank Nifty 25 April 2016
All trades after 10.:30
Nifty CMP: 7896.75
Its buy above  7925
and its a sell below: 7865
On Friday,Nifty traded in narrow 50 point range so today break out or break down is higly probable .
Bank Nifty CMP :16713
Its a buy above  16850
and its sell below 16644.
Its also stuck in narrow range of 16550-16770.
Any price action outside this range is expected to continue in that direction

Friday, April 22, 2016

Nifty bank Nifty intraday Trading levels 22nd April 2016

Nifty bank Nifty intraday Trading levels 22nd April 2016
All trading after 10.30-11:30 AM only
Nifty CMP at 9:17 AM : 7894
Its a buy above: 7948
more risky buy is above 7925
Its a  sell below: 7835
Bank Nifty CMP:16598
Its a  buy above:16762
Its a sell below:16519.5
Medium term trend :: Nifty is buy on dips as long as it sustains above 7684.
bank nifty is also buy on dips as long as it trades above 16077
update at 10:53 : Created longs in Bank Nifty with medium term view
update at 3:10 PM Exited longs as markets seemed tired

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