NIFTY TRADING SYSTEM

NIFTY Opened flat today in alliance with global cues @ 5050.This was the high point of the day and slowly & gradually Nifty melted towards below 5000. The 5000 level acted as a small pause, before a big dump. The Nifty managed to find support fROm 4962 Area to close @ 4984.

Nifty has broken down from some important support zone. It has also managed to close below the 5000 mark which is not positive for the market. This will lead nifty to find some support @ 4920 area for now. On the upside , the only hope is for nifty to cross above 5080 mark which is acting as a major resistance for now ( Double Top ).

Our view on Nifty Futures has turned from Neutral to Negative. A close below 5000 level is bearish for nifty. The only major support for nifty is all the way to 4850 Zone. As long as nifty trades below 5080, all rallies in nifty must be used to short the market with the above mentioned strick stoploss. The downside target is 4850, and if the momentum continues @ 4550 Zone.

Our closed trades for today:
NIFTY:
BOUGHT @ 5036 ( 17.11.09 ) - SOLD @ 5005 ( 19.11.09 ) = LOSS 15500/- ( 500 NIFTY )
STOCKS: ( 1 LOT )
SUZLON: BOUGHT @ 74.40 ( 19.11.09 ) - SOLD @ 79.00 ( 19.11.09 ) = PROFIT 13800/-
JSPL : BOUGHT @ 708.5 ( 17.11.09 ) - SOLD @ 741 ( 19.11.09 ) = PROFIT 31200/-
HINDALCO: BOUGHT @ 131.3 ( 13.11.09 ) - SOLD @ 131 ( 19.11.09 ) = LOSS 1055/-
TATAMTRS: BOUGHT @ 626 ( 16.11.09) - SOLD @ 634.6 ( 16.11.09 ) = PROFIT 7310
RANBAXY: BOUGHT @ 417 ( 16.11.09 ) - SOLD @ 417 ( 19.11.09 ) = NIL

For a reliable, trustworthy ,and accurate trading calls visit www.aaksharstock.com and register for a free trial.Our trading system is positional based system trading approx 7 - 8 times per month only, giving consistent profit per month.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 21 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html