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[Taiki]

Trade Setup for 6 Sept 2013

30 M Chart

On upside the S/R lines are at 5640, 5700, 5760, 5840
On downside the S/R lines are at 5560, 5480, 5380

3 min Chart

Market went into the sideways range of 5580 to 5620 after a huge gap up, The try for a breakout on both the side failed and price came back to the range. Expecting to see some movement beyond this price range

Global Index Update
US and EU markets closed in green. All the asian markets are in green except Japan. SGX nifty is trading 0.6% higher. We may see a positive opening in Nifty too

Trade Area
1. BOPF/BPB at 5640
2. BOF/BPB at 5700, 5760
3. BOF/BPB/TST at 5560
4. Pullback setup if price starts trading

Regards
Taiki

 

[Taiki]

EOD Summary

A good day, recovered my yesterday's loss, and got more also

Did 4 trades, 2 in profit, and 2 in loss, Net gain for the day = +70 points

Will post the chart and my entries tomorrow

Regards
Taiki

 

[rajgreenpeace]

EOD Summary

A good day, recovered my yesterday's loss, and got more also

Did 4 trades, 2 in profit, and 2 in loss, Net gain for the day = +70 points

Will post the chart and my entries tomorrow

Regards
Taiki

Taiki I like your profile pic........A great hunter..........Nifty can't escape from you!!!! :clapping::clapping::clapping::clapping:

 

[rajgreenpeace]

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[Taiki]

Back to desk after a long weekend..
SGX Nifty near 5800, Tomorrow NF will welcome all the day traders with a 75+ gap up

Regards
Taiki

 

[Smart_trade]

Swing traders should have been long ...so they will reap the benefit of swing positions.

Smart_trade

 

[timepass]

Swing traders should have been long ...so they will reap the benefit of swing positions.

Smart_trade

and what do the day traders do if it opens above 5750 ??

 

[Gandhar.]

and what do the day traders do if it opens above 5750 ??

import export data due @ 12 noon tomm 10-20 points kamalenge

 

[Smart_trade]

and what do the day traders do if it opens above 5750 ??

Simple...start trading from 5750, wait for a dip, look for a sideways consolidation and trade from long side as long as trend is intact.

ST

 

[timepass]

import export data due @ 12 noon tomm 10-20 points kamalenge

Gold imports for August 1-29 were at 3.xx tons versus 47.xx tons, a solid decline, should help the INR.