Friday, May 7, 2010

Bank Nifty heading to 9385-9345.


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Wednesday, May 5, 2010

Trading opportunities.

Keep "9525-9535" as the pivot and trade the day. It could swing to 9625-9660 and if breaks 9525, then move to 9400-9425.

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Bank Nifty pulls back after a double top break.

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Trading & Investment Opportunities.

Manu...I hope this observation would help you plan your strategy for Baj. Hind.

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Tuesday, May 4, 2010

Bank Nifty @ its critical 9600.

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Trading opportunities.

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Monday, May 3, 2010

Bank nifty trading 9600 to 9925 with 9745 as a pivot.

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Trading opportunities.

Rajagopal has put together a file for "Trading in Future stocks" with various inputs such as volatality, Technical parameters, Open Interest changes with volume changes (I would prefer these two be put side by side for easy analysis)and the efforts he has put in to create a file of this size is truly commendable.
A huge buffet is put before you. The best way to deal with it initially would be is either select only your few favourite stocks or the select 10 heavily traded stocks and delete rest of the rows..Then you will not see so many numbers and you can extract your trading levels and plan your trades.
If you have time, go through the entire lot and identify the ones that deserves the "Merit to trade" and go after them no matter whether they feature in the top 10 or not as they will eventually find their place.
Good luck to all.
Thank you, Rajagopal.
After a gap down, it is likely to be a sideways move most part of the day.
So trade those points if the following levels hold.
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Sunday, May 2, 2010

SAIL is heading towards 200 or below.

"194 - 205 " is the area to look out for a +ve divergence after few days of fall..
A reliable support generally found in previous "resistance zone" comes @ 185-180.
A major weekly channel is under threat of "Breaking down".
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