Nifty Futures opened weak with gap down of almost 60 points @ 4673.It managed to find support @ 4650 for now.Nifty made an attempt on the upside briefly past 4700 @ 4709 but sold off to an intraday low of 4632. It finally manage to close @ 4669.
China is leading all the other Asian markets lower with itself.Chinese markets closed on the lows today over 6.5% down.
As mentioned on our earlier comments, Nifty has a very stiff resistance @ 4755.On the daily and weekly charts there is a triangle formation and It needs to break above 4755 decisively to head to higher levels.On the downside there is support @ 4580 levels.
Our view on Nifty is still Bullish, Only a Break and a close below 4550 -4580 levels will negate the upward momentum.This will take nifty back to major support zone of 4350.
To achieve consistence good results,We provide Exact Entry, Stoploss and Only One Target. kindly visit our website www.aaksharstock.com and Register for a free Trial.
Monday, August 31, 2009
Saturday, August 29, 2009
NIFTY TRADING SYSTEM
Nifty futures closed very smartly on Friday @ 4731.
It gave a very strong close for the week.But still it has to comfortably close above 4755 with good volumes to sustain the move and head past 5000 levels.On the daily and weekly charts, there is stong triangle resistance @ 4755 levels.
Our view on nifty is Bullish expecting a breakout of the triangle on the higher side above 4755. We are expecting much higher prices next week on a break above 4755.Downside 4350 level is rocksolid support for nifty.Only a decisive break below that level will end the upmove and lead the nifty to 4000 levels.
Shown above is the performance chart of our Nifty Trading system for the last 18 months.We have performed consistently through out the market conditions ie upside aswell as downside.
Our system is not Intraday as we believe that NO ONE MAKES MONEY ON A CONSISTENT BASIS IN INTRADAY TRADING.We have a positional based system, trading only 6 to 8 times in a month ( depends on market conditions).Our trade by trade performance can be viewed at the link : www.aaksharstock.com/performance.html
We also provide a Free trial of our trading systems from 1st - 10th of every month for the new client to get the feel of our trading system and also for them to notice that all the trades mentioned in the performance are genuine and true.They too can achieve such high results by joining us.
Please do not hesitate to contact us on any query at info@aaksharstock.com
It gave a very strong close for the week.But still it has to comfortably close above 4755 with good volumes to sustain the move and head past 5000 levels.On the daily and weekly charts, there is stong triangle resistance @ 4755 levels.
Our view on nifty is Bullish expecting a breakout of the triangle on the higher side above 4755. We are expecting much higher prices next week on a break above 4755.Downside 4350 level is rocksolid support for nifty.Only a decisive break below that level will end the upmove and lead the nifty to 4000 levels.
Shown above is the performance chart of our Nifty Trading system for the last 18 months.We have performed consistently through out the market conditions ie upside aswell as downside.
Our system is not Intraday as we believe that NO ONE MAKES MONEY ON A CONSISTENT BASIS IN INTRADAY TRADING.We have a positional based system, trading only 6 to 8 times in a month ( depends on market conditions).Our trade by trade performance can be viewed at the link : www.aaksharstock.com/performance.html
We also provide a Free trial of our trading systems from 1st - 10th of every month for the new client to get the feel of our trading system and also for them to notice that all the trades mentioned in the performance are genuine and true.They too can achieve such high results by joining us.
Please do not hesitate to contact us on any query at info@aaksharstock.com
Friday, August 28, 2009
NIFTY TRADING SYSTEM
Finally Nifty is marching towards 4850 levels.
Nifty opened weak to flat taking its cue from the Chinese markets @ 4703, and did nothing for 2 hours.Finally it tried to sell towards 12.00 pm, but managed to find good support at 4650 levels.It rallied smartly from this low to make a new high @ 4753 before closing at 4731.
On the Daily charts the is a triangle formation and the top resistance stands @ 4755.And it seems Nifty is poised for a big breakout on the Upside towards 5000 levels and above.Now only a close below 4350 level will negate the above view.
Our view on Nifty is Bullish and in the near term only a close below 4650 decisively will lead the nifty towards 4350.
To trade the Nifty like Professionals, Vist our website www.aaksharstock.com and register for a Free Trial.
Thursday, August 27, 2009
NIFTY TRADING SYSTEM
Lacklustre august series expiration.
Nifty (aug) opened flat @ 4633 and traded the whole day in a very narrow range of 4655 and 4712 closing at 4688. Looking at the expiration today it was one of the most dull day with no trading opportunities arising. Nifty option data showed it has the highest call writing at 4700 and put writing at 4600 , trapping the market between a very short range of 4600-4700.
Our view on market is bullish expecting a breakabove 4730 and thereafter 4850 , unless a close below 4550 can change the whole scenario.
To trade safely in such times with exact entry , stoploss , target--- visit our website : www.aaksharstock.com and register for a free trial.
Nifty (aug) opened flat @ 4633 and traded the whole day in a very narrow range of 4655 and 4712 closing at 4688. Looking at the expiration today it was one of the most dull day with no trading opportunities arising. Nifty option data showed it has the highest call writing at 4700 and put writing at 4600 , trapping the market between a very short range of 4600-4700.
Our view on market is bullish expecting a breakabove 4730 and thereafter 4850 , unless a close below 4550 can change the whole scenario.
To trade safely in such times with exact entry , stoploss , target--- visit our website : www.aaksharstock.com and register for a free trial.
Wednesday, August 26, 2009
NIFTY TRADING SYSTEM
FLAT DAY FOR NIFTY???
Nifty futures open with a gap of 20 points @ 4682 in line with Asian market.It spent the whole day consolidating between 4650 - 4700. Its pausing before a breakout on the upside above 4730, Now the support has gone upto 4550 - 4580 levels.
Tommorrow is the expiry, so expect volatiliy and we advise a cautious approach.Nifty may breakout of the high ie 4730 on the expiry itself or on the new series opening day.
Our view on Nifty is bullish unless a close below 4550 level, so any intraday dip is a buy with a stoploss of 4550 and a target of 4850 -4900.
For a precise Entry, Exit and Stoploss, visit our website www.aaksharstock.com and register for a free trial.
Nifty futures open with a gap of 20 points @ 4682 in line with Asian market.It spent the whole day consolidating between 4650 - 4700. Its pausing before a breakout on the upside above 4730, Now the support has gone upto 4550 - 4580 levels.
Tommorrow is the expiry, so expect volatiliy and we advise a cautious approach.Nifty may breakout of the high ie 4730 on the expiry itself or on the new series opening day.
Our view on Nifty is bullish unless a close below 4550 level, so any intraday dip is a buy with a stoploss of 4550 and a target of 4850 -4900.
For a precise Entry, Exit and Stoploss, visit our website www.aaksharstock.com and register for a free trial.
Friday, August 21, 2009
NIFTY TRADING SYSTEM
FIND BELOW OUR CONSISTENT PERFORMANCE OF LAST 18 MONTHS OF NIFTY TRADING SYSTEM ( JAN 08 - JUL 09 )
Nifty opened on a weak note taking its cue from Asian markets, it opened @ 4424 and twice tested the 4395 - 4400 level on the down side.It manged to hold ground above 4400 level and rallied the whole day making a high of 4547 and closing @ 4532.
Nifty has broken an inverse head and shoulder on the upside by closing above 4525.The immediate target of this pattern is 4630 -4650 levels. Breaking of this will lead the nifty to 4730 area where it has a key resistance.
Our view: We are bullish on nifty from current levels and has a high probability of breaking 4730 and moving towards higher targets.There has been a positive close on the Daily and Weekly charts suggesting higher prices.And in the process, Nifty has managed to make a very strong support @ 4350 by making Double bottom.
REGISTER FOR A FREE TRIAL…..To take advantage of Nifty Volatility and get an Exact Entry, Stoploss,and Target visit our website www.aaksharstock.com.Also view our trade by trade results of last 18 months and achieve the same result by joining us.
Finally, the Nifty futures has broken out of its narrow range of 4350 - 4525
Nifty opened on a weak note taking its cue from Asian markets, it opened @ 4424 and twice tested the 4395 - 4400 level on the down side.It manged to hold ground above 4400 level and rallied the whole day making a high of 4547 and closing @ 4532.
Nifty has broken an inverse head and shoulder on the upside by closing above 4525.The immediate target of this pattern is 4630 -4650 levels. Breaking of this will lead the nifty to 4730 area where it has a key resistance.
Our view: We are bullish on nifty from current levels and has a high probability of breaking 4730 and moving towards higher targets.There has been a positive close on the Daily and Weekly charts suggesting higher prices.And in the process, Nifty has managed to make a very strong support @ 4350 by making Double bottom.
REGISTER FOR A FREE TRIAL…..To take advantage of Nifty Volatility and get an Exact Entry, Stoploss,and Target visit our website www.aaksharstock.com.Also view our trade by trade results of last 18 months and achieve the same result by joining us.
Thursday, August 20, 2009
NIFTY TRADING SYSTEM
Nifty futures again today morning opened with a gap up of 60 points @ 4445. It moved sides way the whole day touching briefly 4500, but face heavy selling at higher levels. The selling forced the nifty to make new intraday low of 4440 and closed lackluster @ 4449.
Our view on nifty is same as yesterday because no important levels are broken in todays market.It spend the whole day between the range of 4350 - 4525.As mentioned earlier , nifty has to break out on either side to give a 200 - 300 points movement.
REGISTER FOR A FREE TRIAL…by visiting our website www.aaksharstock.com.We provide trading recommendation on positional basis on Nifty & Bank Nifty. Our trading calls consist of an Exact Entry, Stoploss and Target
Our view on nifty is same as yesterday because no important levels are broken in todays market.It spend the whole day between the range of 4350 - 4525.As mentioned earlier , nifty has to break out on either side to give a 200 - 300 points movement.
REGISTER FOR A FREE TRIAL…by visiting our website www.aaksharstock.com.We provide trading recommendation on positional basis on Nifty & Bank Nifty. Our trading calls consist of an Exact Entry, Stoploss and Target
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