1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Anything is possible in any timeframe... All I am saying is to watch for the Key Levels of 5200-5300 for People who want to Go Long...
Whether it happens in 2 weeks or 2 months - I cannot predict.
I have just put my view based on the chart patterns.
We have to connect all the dots like Europe crisis, US QE3 and see what best is possible.

That is the reason why Stock markets is called "Global markets". So from time to time need to take a Global view also for trading.

As usual any critical comments are always welcome... End of the day it is just my view...

Here to add, in the Indian markets, if 5600 Nifty spot is broken, then you can expect the market to correct further... So the day is not far away looking at the Global markets.

For the coming days if 5680 NIFTY Futures is broken strongly, then you can expect 5580

So as expected 5580 is reached today....

Hope next week or in the coming weeks we will also see 5300. So somtimes you have to plan your trades looking at the 30-60 minute timeframes and having a global picture. Today if you people had traded purely based on 5 minor 10 minute charts then they would have made losses...

For the coming days you can expect slight pullback of 50-75 points or the Rally down might continue.... But better to wait for a pullback...
Please do not trade on Monday morning - It would be very volatile

 

[prabhsingh]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Cant see any formation of these patterns on EOD basis hence it seems patterns only work for Intra-Day traders.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Cant see any formation of these patterns on EOD basis hence it seems patterns only work for Intra-Day traders.

Yes you need to atleast look at the hourly chart before taking any trades. Some of the best positional traders I have seen use 30 min or 60 min charts... The inTraday traders use 3 minute to 15 minute charts... So if you want some serious analysis better to go for some paid software... As told previously I am using the software from InvestarIndia.com.

Disclaimer: I am not promoting InvestarIndia.com. But I find the software simple, cheap and useful.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

NIFTY Trading 19-Nov-12 to 23-NOV-12

I do not like to Predict the market. But looking at the NIFTY Charts, my prediction for the coming week goes as follows. As usual my analysis says there is more downside expected in NIFTY.

Coming Week is going to be ultimate test time for Retail Traders. After a heavy sellout normally NIFTY forms a FLAG. This time could last from Monday to Thursday. The Range might be 5560 - 5635. So reaching previous Support of 5634 could take 4 days. Friday the 23-Nov-12 could be the Trend changer. The good news is that Market would not be volatile but Range bound... If my analysis is correct Following are the rought trades possible in Nifty Futures
1. LONG Trade - 5565 - 5610 - 45 points
2. SHORT Trade - 5610 - 5565 - 45 points
3. LONG Trade 5565- 5610 - 45 points
4. Short Trade - 5610 - 5585 - 25 points only
5. Long Trade - 5585 - 5660 - 75 points (This Trade would make people think there is a LONG build up. There might be sudden spike upwards to fake people to GO LONG). So GO Long only ABOVE 5680.
6. The final trade on Friday - This could be the deciding Trade - According to my analysis, the market would fall once again coming Friday. This time it could be the largest fall before 2012 of 200 points. From 5660 - 5460. From last Friday's low it is just 100 points. But if you consider the fall from 5660 it is 200 points. So get ready for a SUPER FRIDAY. Risky Traders please avoid trading from Monday to Thursday and Reserve your money for Friday the 23-Nov-2012.

In Summary
1. This week is going to be Rangebound - Range 5560 - 5635- 5660.
2. Friday 23-Nov could be the Trend decider.
3. Take Huge Long only above 5680.
4. Below 5550- Confidently Go Short
5. If not comfortable with Rangebound trading, please avoid trading from Monday to Thursday and Reserve your money for the Huge Trade on Friday.

This is just my analysis. Please do your own analysis.
All the best for the coming week.

 

[prabhsingh]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hi Raj,

Kindly can you post some charts as well for your above analysis.That will help us in understanding as what patterns are getting formed.

 

[ashokram1]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

@heathraj,,

i have sent you a mail ... please check your mail ... thank you

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

NIFTY Trading 19-Nov-12 to 23-NOV-12

I do not like to Predict the market. But looking at the NIFTY Charts, my prediction for the coming week goes as follows. As usual my analysis says there is more downside expected in NIFTY.

Coming Week is going to be ultimate test time for Retail Traders. After a heavy sellout normally NIFTY forms a FLAG. This time could last from Monday to Thursday. The Range might be 5560 - 5635. So reaching previous Support of 5634 could take 4 days. Friday the 23-Nov-12 could be the Trend changer. The good news is that Market would not be volatile but Range bound... If my analysis is correct Following are the rought trades possible in Nifty Futures
1. LONG Trade - 5565 - 5610 - 45 points
2. SHORT Trade - 5610 - 5565 - 45 points
3. LONG Trade 5565- 5610 - 45 points
4. Short Trade - 5610 - 5585 - 25 points only
5. Long Trade - 5585 - 5660 - 75 points (This Trade would make people think there is a LONG build up. There might be sudden spike upwards to fake people to GO LONG). So GO Long only ABOVE 5680.
6. The final trade on Friday - This could be the deciding Trade - According to my analysis, the market would fall once again coming Friday. This time it could be the largest fall before 2012 of 200 points. From 5660 - 5460. From last Friday's low it is just 100 points. But if you consider the fall from 5660 it is 200 points. So get ready for a SUPER FRIDAY. Risky Traders please avoid trading from Monday to Thursday and Reserve your money for Friday the 23-Nov-2012.

In Summary
1. This week is going to be Rangebound - Range 5560 - 5635- 5660.
2. Friday 23-Nov could be the Trend decider.
3. Take Huge Long only above 5680.
4. Below 5550- Confidently Go Short
5. If not comfortable with Rangebound trading, please avoid trading from Monday to Thursday and Reserve your money for the Huge Trade on Friday.

This is just my analysis. Please do your own analysis.
All the best for the coming week.

The First Long trade is active around 5567. You can close the positions around 5615-5620. Market would not cross 5620 so easily.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hi Raj,

Kindly can you post some charts as well for your above analysis.That will help us in understanding as what patterns are getting formed.

Till 5570-5580 there was a chart and a Reversal pattern formation. Now a new trend need to be formed, for which new positions need to be made. So that is the reason I am saying NIFTY would form a FLAG till thursday. Plus since all the Global markets are in a oversold state, there would not be any fresh selling in immediate 2-3 days.

So the 5 days trend is positive with Rangebound. But the weekly Trend is negative so do not take any huge positions and play for 40-50 points profit in NIFTY. Same would the case for the Stocks also.

Finally everybody is hoping for more downside in the Indian markets... And US market (DJIA) already made lows of 12450. So US market might go at the minimum goto only 12200.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

@heathraj,,

i have sent you a mail ... please check your mail ... thank you

@Ashokram,

Thanks for the mail and the Excel. Quite busy nowadays with work and family. Will look into your excel and try to automate the stuff you had asked for.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

NIFTY For Tomorrow

As expected market did not go below 5560 today. Also today the market was trading in the range of 30-40 points. The institutions have controlled the market becasue tomorrow the market might open GAP UP (due to Europe and US) and so they don't want the market to cross 5620. They want to keep the market in the range 5560 to 5620 for some days. So if my analysis is correct the market will open GAP UP tomorrow around 5620-5630 and it would be a good opportunity to GO SHORT @ 5625. Tomorrow hopefully we should get the full 50 points.