Thursday, February 25, 2010

NIFTY TRADING SYSTEM

NIFTY Futures Opened today on a flat note @ 4870.Nifty futures made an intraday high of 4875 ie in the early session and sold off below 4850 mark to make an intraday low of 4832.It closed the day almost flat @ 4870.

Tommorrow, Being a Budget day expect good movement in Nifty Futures. There could be some surprise swings in Nifty Futures with every statements made by the Finanace Minister.On the Upside, Look out for the 4950 mark, if its closes above this level , we could reach out to much higher trading prices.On the downside, watchout for the 4800 mark.

Our view on the Nifty Futures is Neutral. It is struck in a narrow range of 150 points. The Budget could be the trigger for Nifty to break on either side of the trading band.We expect a good 200 point movement in Nifty Futures , once its closes out of the band.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE…..
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH

For a Reliable, Trustworthy ,Transparent and Accurate Trading Systems,visit www.aaksharstock.com and Register for a Free Trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Wednesday, February 24, 2010

NIFTY TRADING SYSTEM

NO SUPRISES IN THE RAIL BUDGET……..

Nifty futures opened today on a bearish mood @ 4846. Another day of lacklustre , narrow trading range of only 42 point for Nifty futures. The high was 4884 and the intraday low was at 4842. It closed the trading session at the mid point ie 4868.

Expect volatility to resume in the next 2 coming days. The Budget and Expiry are going to predict the next direction for the market. Any break above 4930 – 4950 reange is going to be very crucial for the market taking it towards much higher trading zone. And on the down side 4800 remains an important and strong support zone, breaking of which will the lead Nifty futures lower to 4720 (200 day moving average).

Our view on Nifty futues is Neutral . As mentioned earlier , Nifty is stuck in a narrow range of 150 points ie between 4800 – 4950 area.Breaking out of the narrow trading range will give Nifty good 200 points move on the either side.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE…..
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH

For a Reliable, Trustworthy ,Transparent and Accurate Trading Systems,visit www.aaksharstock.com and Register for a Free Trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Tuesday, February 23, 2010

NIFTY TRADING SYSTEM

NIFTY Futures Opened today marginally lower by 20 points @ 4830. This was the low point of the day and Nifty futures quickly rallied back above 4850. It made an intraday high of 4889, just shy of 4900 mark and finally after a good two way movement closed the day @ 4880.

Nifty after gaining in the early session, spent the whole day in a narrow and lackluster choppy session. It is still struck in range of 150 points with 4950 on the higher end & 4800 on the lower side.The Volumes are drying up ahead of the Big Events, So expect Nifty to be in a trading range for a while.

Our View on Nifty Futures is Neutral For Now. Only a breakout of this Trading band will trigger the next possible trend for Nifty Futures. Above 4950, the immediate Resistance is 5050 and Below 4800, the immediate Support stands @ 4670.So, be prepared for the swing on the either side.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH

For a Reliable, Trustworthy ,Transparent and Accurate Trading Systems,visit www.aaksharstock.com and Register for a Free Trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Monday, February 22, 2010

NIFYT TRADING SYSTEM

Nifty futures opened higher today with a gap up of almost 60 points @ 4905 in line with the Asian markets. It made an early attempt to break 4950 , but failed and in the process made an intraday high of 4917. The SEBI announcement acted as an trigger to sell the Nifty futures near the highs taking it quickly down towards the 4850 zone. It closed the session at almost the low point of the day @ 4850.

Nifty futures seems to be caught up in a very narrow range of approx. 150 point ie between 4800 - 4950 zone. The Expiry and the Budget being just arond the corner, we would see a good Volatile two may movement in Nifty futures.

Our view on Nifty futures is Neutral to Bearish for now. On the upside Nifty has to break pass the stiff resistance area of 4930 - 4950 to achieve the next level of 5050. On the downside, any close below 4800 with good volumes , will trigger a fresh bout of selling taking Nifty futures all the way to 4700 zone.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH


For a Reliable, Trustworthy ,Transparent and Accurate Trading Systems,visit www.aaksharstock.com and Register for a Free Trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Friday, February 19, 2010

NIFTY TRADING SYSTEM

NIFTY Futures Opened with a Gap down of almost 50 points @ 4840, with the US Fed Annoucement. Nifty futures broke down below 4825 and tested an intraday low of 4797But towards the Europe Opening, it found support near the lows taking it pass 4850, making an intraday high of 4885 in the process.Finally closing the day @ 4848.

The Volitility in Nifty Futures is hear to stay for a while. Expect good two way movements in Nifty Futures before and even after Budget.The minor support in Nifty futures stands at 4780 - 4800 zone for now, and any break below this will trigger fresh breakdown towards 4670 zone.

Our view on Nifty Futures has turned to Neutral. Now a close below the 4800 mark will trigger fresh selling towards 4670 mark and a break above 4950 will be positive for nifty Futures. Nifty Futures is once again struck in a narrow of 150 points.Wait for the either levels to Break before taking fresh Positions.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH


For a Reliable, Trustworthy ,Transparent and Accurate Trading Systems,visit www.aaksharstock.com and Register for a Free Trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Thursday, February 18, 2010

NIFTY TRADING SYSTEM

NIFTY IN AN NARROW, LACKLUSTRE TRADING BAND..............

NIFTY Futures Opened the day @ 4903 almost flat near yesterdays close. The whole of todays session was spent in a narrow range of only 42 points. The intraday high was @ 4915, and the low was made at 4973 on very thin Volumes.Nifty Futures closed the day at 4885.

Today, was a very thinly traded session with a small range. The activity has once again shifted to Individual stocks. Now, Nifty has to move above the 4925 - 4950 zone to attract fresh , New Buying. On the down side the support for Nifty stands at 4850 mark. Below this will open room for more downside towards 4720 mark.

Our View on Nifty Futures is Bullish. Only a close below 4820 mark will end the short term Up move and take Nifty futures all the way down towards 4720 zone.On the Upside, if 4950 is taken out, we could very quickly race above 5000 mark towards 5050 zone.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH


For a Reliable, Trustworthy ,Transparent and Accurate Trading Systems,visit www.aaksharstock.com and Register for a Free Trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

NIFTY TRADING SYSTEM

NIFTY IN AN NARROW, LACKLUSTRE TRADING BAND..............

NIFTY Futures Opened the day @ 4903 almost flat near yesterdays close. The whole of todays session was spent in a narrow range of only 42 points. The intraday high was @ 4915, and the low was made at 4973 on very thin Volumes.Nifty Futures closed the day at 4885.

Today, was a very thinly traded session with a small range. The activity has once again shifted to Individual stocks. Now, Nifty has to move above the 4925 - 4950 zone to attract fresh , New Buying. On the down side the support for Nifty stands at 4850 mark. Below this will open room for more downside towards 4720 mark.

Our View on Nifty Futures is Bullish. Only a close below 4820 mark will end the short term Up move and take Nifty futures all the way down towards 4720 zone.On the Upside, if 4950 is taken out, we could very quickly race above 5000 mark towards 5050 zone.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH


For a Reliable, Trustworthy ,Transparent and Accurate Trading Systems,visit www.aaksharstock.com and Register for a Free Trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Wednesday, February 17, 2010

NIFTY TRADING SYSTEM

NIFTY Futures opened today on a positive note getting its cues from US markets at 4908. It made an attempt towards 4950 mark, in the process made an intraday high of 4928, but sold off from those level.Nifty briefly broke below 4900 level, making an intraday low of 4878. But manage to close @ 4903.

Nifty spent the day consolidating yesterdays gains moving either side. The near term hurdle for Nifty futures is the 4950 zone, once this is taken out the next possible resistance is 100 points up at 5050 level.
On the downside, the near term support stands at 4850 area.

Our view on Nifty Futures is Positive. Any dip in the markets should be used as an opportunity to Buy Nifty with appropiate Stoplosses. The upside target for Nifty is 4950, and with strong momentum all the way upto 5050 mark. On the downside, a close below 4820 zone , will end the short term up move.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH

For a Reliable, Trustworthy ,Transparent and Accurate trading calls visit www.aaksharstock.com and register for a free trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Tuesday, February 16, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES CLOSES ABOVE 4850...........

NIFTY Futures opened today on a very flatish note @ 4808 up by only 10 points. It spent the early session in a narrow lacklusture trade with very thin volumes.It made an intraday low in the mid session @ 4788. But towards the End it was a BlowOff. It closed the day with a premium of 35 points over Cash @ 4890.

Today was the much awaited day, as It has finally managed to close above the Important level of 4850 mark. And with a Premium of 35 points over Cash Nifty is also very Positive.Now if this Momentum continues for tommorrow, we could easily make an attempt towards 4950 zone. On the downside, the support now stands @ 4740 - 4775 zone.

Our Outlook on Nifty Futures has turned Positive now. The next possible hurdle for Nifty is the Double Top made in the charts ie 4950 mark. Breaking of which will take Nifty very quickly towards 5050 Area. Any Dip in Nifty towards 4780 mark should be used to enter Nifty for a possible target of 4950, and if it breaks , next towards 5050 mark.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH

For a Reliable, Trustworthy ,Transparent and Accurate trading calls visit www.aaksharstock.com and register for a free trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Monday, February 15, 2010

NIFTY TRADING SYSTEM

NIFTY Futures Opened today almost flat @ 4838. It was the high point of the day ie 4840, Nifty sold off breaking below 4800 mark. It made an intrady low of 4777 and closing the day just shy off 4800 @ 4797.

Nifty Futures met with some selling pressure near the resistance @ 4850 level. Bharti Airtel was one of the reason for the two way choppy session. On the upside, Nifty futures has to close above 4850 mark to result in heavy short covering and attract New buying.Whereas, on the downside, the key support for nifty is at 4740.

Our View on Nifty Futures is Neutral to Positive. Nifty has managed to stabalize near the current levels. Now, only a close above 4850 is required to achieve our medium term target of 4950, and if momentum continues @ 5050. On the downside, a break below 4740 zone will lead a retest of 4670 zone.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH

For a Reliable, Trustworthy ,Transparent and Accurate trading calls visit www.aaksharstock.com and register for a free trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Thursday, February 11, 2010

NIFTY TRADING SYSTEM

Nifty futures opened today with a gap up of approx. 30 points @ 4785. It quickly managed to scale above 4800 mark in the early session and made an intraday high of 4849. Nifty spend the whole day above the 4800 level and closed the day at 4832.

Nifty made a new high today above 4825 , which is positive for the market. Now only a close above 4850 area with good volumes is needed to take Nifty towards 4950 zone and with positive momentum we could go all the way above 5000 level towards 5050 .On the downside the support, now comes in at 4720 area.

Our view on Nifty future is positive for now. Only a break below 4720 support area , will reinstate the downside momentum again and take Nifty below 200 day moving average towards 4530 area . Any dips in Nifty should be used as a buying opportunities for the near term targets of 4950 and thereafter 5050 level.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH

For a Reliable, Trustworthy ,Transparent and Accurate trading calls visit www.aaksharstock.com and register for a free trial.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Wednesday, February 10, 2010

NIFTY TRADING SYSTEM

NIFTY IN A TWO WAY MOVEMENT………..

Nifty futures opened with a minor gap up of 25 points @ 4815 , despite a positive closing on Dow. It made an intraday high of 4823 but quickly broke below the 4750 mark and made an intraday low of 4740. It closed the day @ 4757.

Market is experiencing a good two way movement and is stuck in a band of 100 points. Expect good bout of fresh buying above the 4820 – 4850 area, which will take the Nifty futures all the way upto 4950 zone. On the downside, a break below 4720 will hamper any hope of recovery and swiftly take the Nifty towards the 4660 – 4670 support zone.

Our view on Nifty futures is Bearish to Neutral. Nifty is stuck in a very narrow range of approx.150 point between 4670 to 4820 zone. A break on either side will trigger a good 200 point movement in Nifty futures.

For a Reliable, Trustworthy ,Transparent 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 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Tuesday, February 9, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES ON A VOLATILE PATH ……….

NIFTY futures opened today on a flat note @ 4754 in line with the Asian markets. In the early session it attempted to move lower making an intraday low of 4735 in the process . Nifty futures found support at the 4735 area and rallied the whole day making an intraday high of 4818 and closing the day @ 4791. we are witnessing a very volatile sessions from the last few days , moving the markets both the direction very swiftly.

As in our yesterdays blog ,Nifty has to close above 4850, to negate the bearish sentiment and attract new buying. On the downside a break below 4650 will open room for new selling towards 4530 area.

Our view has now turned from bearish to neutral. Nothing much is happening technically as Nifty is stuck in a range of 4700 – 4800.It as finding good support near the lows of 4700 and finding resistance at 4800-4820 area , as we witnessed today. Any rallies in the market can be short into with appropriate stoplosses.

For a Reliable, Trustworthy ,Transparent 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 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Monday, February 8, 2010

NIFTY TRADING SYSTEM

NIFTY ON A ROLLERCOASTER RIDE..........

NIFTY futures opened today down by 35 points @ 4735. In the early session it attempted to break pass yesterdays high of 4769 , but with the GDP Estimate Forecast , it swiftly moved down. Nifty broke below yesterdays low making an intraday low of 4667. The 200 day moving average acted as an support and shortcovering led the market sharply higher beyond 4800 , making an intraday high of 4807. It finally closed the day at 4767.

Nifty futures had a very volatile session as the bulls and bears fought for the control of the market. Now Nifty has to close above 4850, to negate the bearish sentiment and attract new buying. On the downside a break below 4650 will open room for new selling towards 4530 area.

Our view has now turned from bearish to neutral. All the shorts in the system has been squared off and the new buying will now only emerge above 4850 zone.The selling will once again re-emerge , if Nifty trades below 4720 area.

For a Reliable, Trustworthy ,Transparent 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 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Friday, February 5, 2010

NIFTY TRADING SYSTEM

DALAL STREET IN RED…………..

NIFTY futures opened gap down by approx 110 points @ 4731 due to heavy selling around US , EUROPE & ASIA. It made an early attempt to crawl back above 4750 area , but failed miserably to break down below 4700 mark. The intraday high for Nifty was @ 4755 and the low was 4687. It closed the day just above 4700 mark at 4704.

Today has been an important day as major levels have been violated with heavy volumes. A breach of 4760 now open room for more downside towards 4660 and thereafter with heavy momentum could take Nifty all the way down to 4530 – 4550 zone. On the upside the minor resistance now stands at 4825 – 4840 area.

Our view on Nifty futures is Bearish. Only a close above the major resistance level of 4950 with heavy volumes and good momentum will end the down swing. Any rallies in the market should be treated as an selling opportunity, with an mediun term target of 4530 area.

For a Reliable, Trustworthy ,Transparent 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 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Wednesday, February 3, 2010

NIFTY TRADING SYSTEM

Nifty futures opened gap up higher by 30 points at 4844 and quickly found momentum right ftom the start of the session rallying the whole day to make an intraday high of 4950. Nifty closed the day slightly lower at 4823.

Nifty futures found good resistance at 4950 area but did not sell off like yesterdays session and seems like the resistance is holding for the time being.On the upside a closing above the resistance of 4950 twill negate the bearish tone. Any comfortable move above 4950 zone with good volumes and momentum , will take the Nifty all the way upto 5050 strong resistance zone. On the downside , we could see the levels of 4760. Breaking of this support area could take the Nifty towards 4630 and major support at 4550 zone.

Our view on Nifty is neutral . Any rallies towards the 4950 area could be used as the selling opportunities with appropriate stoplosses.

For a Reliable, Trustworthy ,Transparent 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 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

NIFTY TRADING SYSTEM

Nifty futures opened gap up higher by 30 points at 4844 and quickly found momentum right ftom the start of the session rallying the whole day to make an intraday high of 4950. Nifty closed the day slightly lower at 4823.

Nifty futures found good resistance at 4950 area but did not sell off like yesterdays session and seems like the resistance is holding for the time being.On the upside a closing above the resistance of 4950 twill negate the bearish tone. Any comfortable move above 4950 zone with good volumes and momentum , will take the Nifty all the way upto 5050 strong resistance zone. On the downside , we could see the levels of 4760. Breaking of this support area could take the Nifty towards 4630 and major support at 4550 zone.

Our view on Nifty is neutral . Any rallies towards the 4950 area could be used as the selling opportunities with appropriate stoplosses.

For a Reliable, Trustworthy ,Transparent 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 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Tuesday, February 2, 2010

NIFTY TRADING SYSTEM

NIFTY futures opened higher today with a gap of approx 40 point in line with DOW JONES & ASIAN markets at 4937 , which was the high point of the day and there after melted the whole day down to make an intraday low of 4807 . Nifty futures closed at almost the low point of the trading session at 4818.

As mentioned earlier Nifty found good resistance at the 4950 area. On the upside Nifty has to give a close above the immediate reistance of 4950 to negate the bearish tone. Any breach of 4950 zone with good volumes , will take the Nifty all the way upto 5050 strong resistance zone. On the downside seeing the bearish momentum continue , we could easily retest the recent lows of 4760. Breaking of this support area could take the Nifty quickly towards 4630 and thereafter towards the major support at 4550 zone.

Our view on Nifty is neutral to bearish. Any rallies towards the 4950 area could be used as the selling opportunities , for immediate target of 4760 and with more bearish momentum , we could head toward strong medium term support zone of 4550.

For a Reliable, Trustworthy ,Transparent 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 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Monday, February 1, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES OPENED Today with a gap down of almost 40 points @ 4847. It made an intraday low of 4822 in the first hour and found good buying support near the low which took nifty above 4900 levels. Nifty recovered all the morning losses and made an intraday high of 4924, closing up by approx 15 points @ 4900.

After last weeks heavy selling, Nifty has managed to get some buying support near the lows. Though the volumes are low, but once Nifty futures crosses the 4950 mark we could expect fresh bout of Buying. Only a close above 4950 will end the Bearish sentiment and take nifty to higher levels. On the downside, there is minor support @ 4800 zone and below that the major support now stands at 4750 area.

Our view on Nifty futures is now Neutral. The Bearish sentiment will re emerge on the break below 4800 and if the momentum continue we could also take out 4760 and head much lower towards 4550 zone. Nifty is struck in a band of 4760 - 4950 for now , a break on either side would trigger fresh momentum.

For a Reliable, Trustworthy ,Transparent 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 24 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com