Trading with PT style

[praveen taneja]

NIFTY FUTURES (F & O):
Above 5306-5308 zone, rally may continue up to 5325-5327 zone by non-stop.
Support at 5293 & 5295 levels. Below these levels, expect profit booking up to 5272-5274 zone and thereafter slide may continue up to 5253-5255 zone by non-stop.
Buy if touches 5222-5224 zone. Stop Loss at 5203-5205 zone.
On Positive Side, cross above 5344-5346 zone can take it up to 5362-5364 zone by non-stop. If crosses & sustains this zone then uptrend may continue.


Short-Term Investors:
Bullish Trend.
Up Side Target at 5367.70.
Stop Loss at 5162.30.

 

[praveen taneja]

NIFTY FUTURES WEEKLY (May Futures)Valid up to 30.04.2010)
Last Week's rally was speculative. Do not get excited too.

If Rally continues, then it can zoom up to 5523.60 by non-stop.
If Profit Booking Starts, then expect slide up to 5166.00 level by non-stop and have caution.

 

[praveen taneja]

http://www.traderji.com/trading-psychology/39619-current-news-rumours-mkt-14.html

 

[praveen taneja]

Reliance Industries (Rs 1,087.3)

RIL moved below its first short-term target to record the low of Rs 1,050 last week. A minor pull-back is currently on that has the targets of Rs 1,112 and Rs 1,126. Short-term traders can initiate fresh short positions on failure to move past the first target in the early part of next week, with stop at Rs 1,130. Downward targets would then be Rs 1,035 and Rs 1,025. Presence of the 50- and 200-day moving average in the band between Rs 1,035 and Rs 1,045 makes it a very important medium-term support for the stock.

Close below Rs 1,035 will imply that the stock is heading towards the lower end of its medium-term trading band at Rs 966. Conversely, move above Rs 1,200 is required to make the medium-term trend positive in this stock.

 

[praveen taneja]

out of 5300 set at 74.50 and entered RIL call put at 20.50 lets see god is gr88888

currently market is moving around 10minavg. chart does not give any indication at this moment.

Bro all problems are for people who depend on charts for member of TMA every move is gain RIL set now 22 wow 450 coming in this trade too:clap: god is gr888888888
I feel 5300-5310 before breaking HOD

 

[praveen taneja]

out of call at 15.80 waiting and playing some retraceent now have naked put with cost 4.20 cmp 6.80 god is gr8 sl is 6

 

[praveen taneja]

put 7.50 now wow god is gr8 sl now 6.75

 

[praveen taneja]

not breaking 1075 sl is now 7 and 1076 lets see

 

[praveen taneja]

out at 7.30 on 1076.10 god is gr88888888888

 

[praveen taneja]

http://www.traderji.com/trading-psychology/39619-current-news-rumours-mkt-15.html