Nifty Futures Weekly And Intraday Analysis Trend Report

[Nishikant]

4253 Done As Mentioned A Few Moments Back

HARI OM :



NIFTY FUTURES NOW IMMEDIATE SUPPORT PEGGED AT 4190 - 4163 - 4138 - 4113



AND RESISTANCE PEGGED AT 4252 - 4273 - 4294



"NOW NIFTY FUTURES HAS TO MAKE STRONG GROUND ABOVE 4190 AND THEN IT HAS TO SUSTAIN ABOVE 4213 FOR FURTHER INTRADAY UP TREND"



REGARDS,
NISHIKANT K. HADGE

HARI OM DEAR FRIENDS :thumb:


"AS MENTIONED A FEW MINUTES BACK NIFTY FUTURES HAS RALLIED UP TO 4253.90"


"THE FIRST RESISTANCE I HAD MENTIONED ABOVE 4213 WAS 4252"


SEE ABOVE QUOTED MESSAGE.


THIS SAME ZONE OF 4252 IS A STRONG RESISTANCE FOR THE BULLS.


NOW FOR FURTHER UP TREND NIFTY FUTURES HAS TO SUSTAIN ABOVE 4253.


"SO IN CASE ANY ONE IS LONG IN NIFTY FUTURES THEN I ADVISE TO BOOK FULL PROFIT OR ATLEAST PARTIAL PROFIT OR KEEP A TRAILING STOP LOSS OF 4210"


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

NIFTY FUTURES BECAME ROCKET From Day Low

HARI OM DEAR FRIENDS :thumb:


NIFTY FUTURES BECAME ROCKET FROM THE DAY LOW OF 4163


NIFTY FUTURES BECAME ROCKET FROM MY PREDICTED BOUNCE BACK REGION OF 4167


"4167, THE BOUNCE BACK REGION WAS MENTIONED IN YESTERDAYS DOWNWARD VIEW OF NIFTY FUTURES":-


http://www.traderji.com/futures/26240-nifty-futures-weekly-intraday-analysis-trend-report-59.html


FROM THE DAY LOW OF 4163 NIFTY FUTURES RALLIED UP TO 4262.65



A GAIN OF CLASSIC 100 POINTS.



"I HOPE MY ANALYSIS WAS USEFUL"


HAVE A NICE WEEKEND EVERYONE.


GANPATI BAPPA MORYA


HARI OM

REGARDS,
NISHIKANT K. HADGE

 

[WOD]

Great analysis.....made profit of around 35% based on your support level of 4167...

Thanks.....

 

[linkon7]

I have noticed that many newbie out here are confused on how to play his predictions. There seems to be too many levels and is hard to convert into a trading plan. I’ll show you how I play his levels…

Homework : before I start trading based on his levels, plot the levels on the charts. So you know where to short / go long and where to cover.

Trading plan : I plot a 10 EMA (Exponential Moving Average) to have a sense of the trend. The Time frame is 5 min to reduce noise. The target is to go short when price falls below resistance level with a target of the next level. Or to go long from a support level to the next higher level. The EMA line is the direction guide. If it is flat, I don’t take any position or If I have a position I try to exit it as soon as possible as price can go both ways. I want to go short only when the line is moving down. And go long when the line is going up. Doing the opposite, i.e. holding on to a long when the price is falling is a recipe for big losses. Never hope against hope. If a position is going bad, exit immediately. Don’t let it go from bad to worse.

Lets look at today’s (22.05.09) trade.

First an overview of what he predicted as support & resistance levels:

Trend decider : 4229

First support : 4204
Second support : 4167 (which can act as a bounce back level)
Third support : 4130
Fourth support : 4076 (this can act as a bounce back level)

First resistance : 4250
Second resistance : 4281
Third resistance : 4312

Overview of today’s trade :
Global cues were bad. Nifty opened at 4193 below the trend decider ( 4229) and below the first support (4204) and gradually shot up to above 4229 levels. I avoided ride from 4204 to 4229 as the EMA was flat and the morning sentiments takes 20 min to die down.

From 10:15 to 11.00 : market was trading flat with a range of 4240 to 4220, so waited for the range to break on either direction. Finally broke down at 11:04 and shorted at 4218 with a immediate target of 4204 and a stop loss of 4229. My target of 4204 got hit at 11:14 and it bounced back.

From 11:14 to 11:30 : Nifty was threatening to break the 4204 mark and I waited and finally broke at 11:35. so I shorted at 4200 with a stop loss of 4229 and a target of 4167. At 12:10 my target got hit. And since it was predicted as a bounce back zone, I went long at 4170 with a target of 4204 and then 4250. 4250 got hit at 01:50
After that the ema trend line remained flat and directionless and hence no trade.


No. of Trades : 3
4218 to 4204 = 14 points
4200 to 4167 = 33 points
4170 to 4250 = 70 points

 

[WOD]

linkon7,

Looks like we use Nishikant's level in very similar way. The only difference is that you make use of EMA level and I follow pivots......

Also I usually don't make more than one trade so my profits are limited...

Thanks for sharing that EMA thing...I will give it a try.......

 

[linkon7]

linkon7,

Looks like we use Nishikant's level in very similar way. The only difference is that you make use of EMA level and I follow pivots......

Also I usually don't make more than one trade so my profits are limited...

Thanks for sharing that EMA thing...I will give it a try.......

WOD,
Nishikant's levels are the pivot support and resistance. EMA gives the direction of the trend and we trade the direction of the flow. Target and stop loss levels are again his levels. EMA stops us from taking a trade when the trend is flat. It also stops us from holding on to a trade when the trend has changed direction.

Thats all we need to know....the direction, the target and the stoploss...

 

[MurAtt]

There seems to be too many levels and is hard to convert into a trading plan. Ill show you how I play his levels


No. of Trades : 3
4218 to 4204 = 14 points
4200 to 4167 = 33 points
4170 to 4250 = 70 points

Guru - man, u know the stuff - cool. Keep posting and we'll keep learning the tricks.

 

[Nishikant]

Learning Those Tricks, Aint You????

Guru - man, u know the stuff - cool. Keep posting and we'll keep learning the tricks.

HARI OM EVERYBODY :thumb:


"THANK YOU LINKON BHAI. I AM INDEBTED TO YOU FOR MAKING MY ANALYSIS SO MUCH SIMPLER FOR EVERYONE TO UNDERSTAND"


I WAS THINKING OF SOMETHING LIKE THIS BUT COULDN'T GET THE NOTCH.


THAT WAS SO MUCH EASILY EXPLAINED AND SO EASY TO GRASP.



"MURTUZA BHAI, I HOPE YOU COULD SOME DAY, TRY TO MAKE THIS MUCH SIMPLER THEN LINKON BHAI"



YOU WOULD NOT NEED LEARNING THOSE TRICKS THEN.



MAY BE YOU WOULD BECOME THE MAGICIAN OF YOUR SELF INNOVATED TRICKS.


THEN I WOULD SAY, MURTUZA BHAI YOU ARE THE GURU.


AS OF NOW I AM SAYING, "LINKON BHAI IS THE REAL GURU"


GOD BLESS ALL.



GANPATI BAPPA MORYA



HARI OM




REGARDS,
NISHIKANT K. HADGE

 

[WOD]

Re: Learning Those Tricks, Aint You????

HARI OM EVERYBODY :thumb:


"THANK YOU LINKON BHAI. I AM INDEBTED TO YOU FOR MAKING MY ANALYSIS SO MUCH SIMPLER FOR EVERYONE TO UNDERSTAND"


I WAS THINKING OF SOMETHING LIKE THIS BUT COULDN'T GET THE NOTCH.


THAT WAS SO MUCH EASILY EXPLAINED AND SO EASY TO GRASP.



"MURTUZA BHAI, I HOPE YOU COULD SOME DAY, TRY TO MAKE THIS MUCH SIMPLER THEN LINKON BHAI"



YOU WOULD NOT NEED LEARNING THOSE TRICKS THEN.



MAY BE YOU WOULD BECOME THE MAGICIAN OF YOUR SELF INNOVATED TRICKS.


THEN I WOULD SAY, MURTUZA BHAI YOU ARE THE GURU.


AS OF NOW I AM SAYING, "LINKON BHAI IS THE REAL GURU"


GOD BLESS ALL.



GANPATI BAPPA MORYA



HARI OM




REGARDS,
NISHIKANT K. HADGE

yup...linkon is a GURU.....the way he explained how to make use of your levels are a work of a genious and that EMA thing is just awesome...

 

[prasadam]

simply superb linkon:clapping::clapping::clapping: