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 belief 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.

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

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

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