Trading with PT style

[praveen taneja]

NIFTY : 4859
Range : 4830-4885
Resistance : 4845-4885-4935-4955
Support : 4830-4800-4750-4735

 

[praveen taneja]

SENSEX : 16256
Range : 16150-16325
Resistance : 16325-16370-16480-16570
Support : 16200-16150-16075-15890

 

[praveen taneja]

The market is narrowing down the trading activity ahead of the major event that may lead to a huge swing on break out or break down. One can clearly notice that even the RSI is also hovering above the rising trend line from last three days that may increase sensitivity in the market in the near term.

 

[praveen taneja]

For the day, may be due to strong global cues the market may open higher but it should sustain above 4885 levels till the second half of the trading session. If it fails to do so, then we may expect further sideways movement for the day.
In case the market is able to hold the level 4885 till the second half of the trading session, then it result into heavy short covering towards the end may be up to 4930/4950.
In brief, something wild is going to happen and instead of predicting which side? it is better to take the help of Option instrument. The strategy should be to buy a Call and Put for next few days.
Nifty Strategy: Buy 4900 Call and Buy 4800 Put option for the month March for next few days.

 

[praveen taneja]

ALERT!!!Govt: May Consider to ISSUE New BANKING LICENCES.....To More Players........Beneficial FOR RELIANCE CAPITAL , IFCI , Bharti , Religare too

 

[praveen taneja]

ALERT!!!Government extends interest rate incentive on housing loans. Positive for Real estate companies

 

[praveen taneja]

IN FY 10-11 ....FM Says...Govt to raise Rs 25000 cr through disinvestment (Good FOR HMT, ITI , NFL, FACT , STC etc

 

[praveen taneja]

FM sAYS...Rs. 200 Cr for TAMILNADU AND GOA to fight POLLUTION ( Good for pollution EQUIPMENT MAKER , Like THERMAX

 

[hiteshsjoshi]

PT bro, how are you playing Budget this time... Any trades so far?

 

[praveen taneja]

Problem is just the distance between reality and expctations so either expect less and accept reality or expect a lot and turn that in to reality Good morning have a nice day God bless u all