Friday, April 30, 2010

NIFTY TRADING SYSTEM

NIFTY IN A CONSOLIDATION PHASE ……………….

Nifty Futures opened flat to higher by approx 10 points @ 5264 . It swiftly moved higher towards 5290 making the same as an intraday high , but found resistance at this mark and could not pass by the 5300 level. Nifty futures traded the whole session in a narrow range of 25 points and finally slipped towards the intraday low of 5252 and closing the lackluster session @ 5260.

Nifty futures is trading at an important level of 5250 waiting for fresh cues to move the markets. The immediate important level to watch for are 5200 and thereafter at 5150 on the down side. The levels to watch for on upside are at 5300 and thereafter @ 5350 . Nifty futures seems to be stuck in a narrow range of 5200 – 5350 zone from last couple of sessions.

Our View on Nifty Futures is Neutral. There is an important triangle pattern formed on intraday charts . The upside resistance comes at 5325 and the downside support of the triangle is around 5210 area. A close on either side of the triangle will move the Nifty futures by 200 points.

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Wednesday, April 28, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened sharply lower today by 60 points @ 5252 in line with the negative cues from the US, Europe and Asian markets. It tried to break the 5250 mark in the early session but found minor buying support and rallied to test the resistance level @ 5280 in the process making an intraday high of 5277. Nifty futures sold off sharply in the last hour of the session to make in intraday low of 5198 and finally closing the volatile session @ 5224.

Nifty futures finally broke and closed below the major support of 5250 , making it vulnerable to more down side . The next important level to look for on the down side is @ 5150 and a break of this level will take Nifty Futures back to 5000 zone. On the up side now there is a minor resistance @ 5300 mark and there after the major resistance rests in at 5350 zone.

Our View on Nifty Futures is Bearish. The imortant levels to watch for is 5200 and thereafter @ 5150 mark on the downside and 5300 and thereafter 5350 level on the up side.

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Tuesday, April 27, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES IN A NARROW CONSILDATION MODE …………………..

Nifty Futures opened flat to lower by 15 points today @ 5305. It was again stuck today in a very narrow rang of 35 points making an intraday low of 5298 and intraday high of 5334 in the process , and finally closing the session @ 5309 .

For now Nifty futures is stuck in a very narrow range of 5250 – 5350 zone and waiting for fresh cues to move in the either direction. As mentioned yesterday it has to break pass the 5350 mark with good volumes and strong momentum to show any positive bias on the upside. On the down side Nifty futures should not break the 5250 mark , as the next level after this comes in at 5150 and thereafter at psychological 5000 mark.

Our View on Nifty Futures is still Neutral . The important levels to watch for is 5350 on the upside and 5250 on the down side . A break on either side will move the market swiftly in that direction by approx 200 points.

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Monday, April 26, 2010

NIFTY TRADING SYSTEM

Nifty Futures Opened higher today @ 5346 , which was the intraday high of the day. It spend the whole session consolidating in a very narrow range of only 35 points . Nifty futures made an intraday low of 5310 and managed to close almost unchanged @ 5320 .

With the Earning season going on ,Nifty futures seems to be stuck in an narrow range of 5250 – 5350 zone. Nifty futures has to break pass the 5350 level on the upside , with good momentum to show any positive bias. On the down side a break below the 5250 area , will take it down to 5150 zone and there after to the psychological level of 5000.

Our View on Nifty Futures is Neutral . The important levels to watch for is 5350 on the upside and 5250 on the down side . Break of this range on either side may move the Nifty by 200 points in the same direction.

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Friday, April 23, 2010

NIFTY TRADING SYSTEM

NIFTY IN A LACKLUSTRE MODE……………

Nifty Futures Opened today on a flat note @ 5269 . It tested the level of 5265 twice in the session but could not break below that level , as a result making an intraday low of 5265 in the process. Nifty futures followed the same pattern on the upside to break above 5315 twice but could not do so as well . The intraday high was 5315 and finally ended the session @ 5313 .

Nifty Futures seems to be stuck in an immediate range of 5200 – 5350 zone. Nifty futures has to break pass the 5350 level on the upside , with good volumes to show any upside bias. On the down side a break below the 5150 area , will take it down to the psychological level of 5000.

Our View on Nifty Futures is Neutral to Bearish. It seems to be stuck in a narrow range. The important levels to watch for is 5350 on the upside and 5150 on the down side . Break of this range on either side may move the Nifty by 200 points in the same direction.

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www.aaksharstock.com/roi.html
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Thursday, April 22, 2010

NIFTY TRADING SYSTEM

TWO WAY MOVEMENT IN NIFTY………….

Nifty Futures Opened today on a flat to negative note @ 5220 . This was almost the low point of the day , and it managed to recover tremendously above 5300 levels. Nifty futures made an intraday high @ 5342 , but could not hold on to the gains and met with heavy selling near the highs. The last hour of the session led to some heavy selling ,taking Nifty futures back to the opening levels down by almost 100 points and closed the day @ 5257.

Nifty Futures seems to be stuck in a range of 5150 – 5400 zone. On the upside , Nifty futures has to close above the 5350 mark , with good volumes to regain the positive upward momentum. On the down side a break below the 5150 area will negate the market sentiment , taking Nifty futures all the way to the psychological 5000 mark.

Our View on Nifty Futures is Neutral to Bearish. Closing below the 5150 mark with good volume is bearish and not good for the market. Only a close above the 5350 area will negate the bearish sentiment. The immediate levels to watch for is 5150 on the down side and 5350 on the upside.

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Monday, April 19, 2010

NIFTY TRADING SYSTEM

NIFTY Futures Opened today with a big gap down of approx 60 points @ 5200 in expection with the negative sentiment from the US and Asian markets. It slowly drifted to test the support at 5160 mark making an intraday low of 5162 . Nifty Futures found good support at this level and quickly zoomed toward the intraday high of 5226 and finally closing the session at 5204.

Nifty Futures could not cross the 5250 mark on the upside today due to the heavy negative sentiment from US market and tomorrows watch on credit policy. The immediate resistance level to watch for is 5250 and thereafter at 5300 - 5320 mark. On the down side Nifty Futures may find support @ 5150 area , a break of which may see Nifty go down to 5100 – 5120 zone.

Our View on Nifty Futures is Bearish. Closing below the 5250 mark with good volume is bearish and not good for the market. Only a close above the 5320 area will negate the bearish sentiment. The immediate levels to watch for is 5150 on the down side and 5300 on the upside.

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Thursday, April 15, 2010

NIFTY TRADING SYSTEM

LATE SELLING PRESSURE TAKES NIFTY BELOW 5300...................

NIFTY Futures Opened today on a Positive Note along with the US Clues @ 5372 up by almost 42 points. Nifty made an intraday high @ 5377 at the open and sold off almost the whole day.The aggressive selling came after the Inflation news and managed to breach the 5300 level . In the process made and intraday low of 5268, and closed the day @ 5275.

Nifty Futures despite several attempts to break pass the 5380 - 5400 area but failed and closed below 5300 mark is bearish sign for the short term traders. The near term support is now resting at 5240 mark and a break of which will take nifty to 5180 level. On the Upside, as mentioned earlier , a breach of 5380 is required to negate the bearish sentiment.

Our View on Nifty Futures is Neutral To Bearish. Closing below the 5290 mark is bearish and if the momentum continues we could see a test of 5180 mark. Only a close above 5380 will attract fresh buying in Nifty Futures. Stay Alert for a Possible downside Breakdown.

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Tuesday, April 13, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES Opened Today with a Gap of 20 points @ 5329. It made an early lows @ 5308 and then spent the whole day in a lackluster session, closing @ 5330.

Nifty Futures has managed to held on above its support zone of 5280 - 5300. It has now turned out to be very critical for Nifty Traders. Only a breach below the 5280 mark will trigger fresk profitaking from the Bulls taking it to 5180 mark. On the upside, Nifty futures has to break above 5380 level to attract fresh buying.

Our View on Nifty Fututes is Bullish to Neutral. Unless the 5280 mark is not taken out, any Dip in the market can be used to enter in Nifty Futures.The immediate target for Nifty Futures is @ 5450, and if momentum continues all the way upto 5550.

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www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Monday, April 12, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened today almost flat @ 5364. It made an early intraday low of 5322 and managed to recover some ground from the lows in the mid session but eventully sold off and closed the day @ 5350. The high of the day was @ 5378,which was one of the opening ticks.

The recent isue of SEBI vs IRDA going to court , will be a sign of relief for the markets. Nifty Futures found minor support @ 5320 today. Only a close below 5280 mark with good volumes , will trigger a sell off taking it all the way down to 5000 marks. On the upside, Nifty Futures need to break above the 5400 mark ,to attract fresh bout of new buying.

Ou view on Nifty Futures is Bullish. Any dip should be used to enter the market for our immediate target of 5500. As mentioned above, only a close below the 5280 zone will negate the short term up move.

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www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Friday, April 9, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened higher today by 15 points @ 5307 , which was the low point of the day .It quickly started climbing toward the 5350 mark and passed it with heavy momentum making an intraday high of 5389 in the process and closing the session @5366.

Nifty futures is facing heavy selling pressure at the 5400 mark . Only a break above the 5400 level with good volumes and momentum will attract fresh bout of new buying, taking Nifty Futures all the way towards the important 5500 level . The minor support now comes in at 5280 level and thereafter at 5250 mark.

Ou view on Nifty Futures is Neutral to Bullish. Only a close below the 5250 mark will negate the short term uptrend and take nifty towards the 5000 mark. on the upside the major resistance comes in at 5500 level.

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Thursday, April 8, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened lower by 13 points @ 5368 at the high point of the day. It immediately zoomed lower pass the 5350 area and finally breaking the 5300 mark to close at the low point of the day @ 5293

Nifty Futures close below the 5300 area is negative for the market .On the downside we may find an immediate support at 5250 and therafter at 5200 mark. On the upside the 5350 and 5400 mark may act as a major resistance.

Our view on Nifty Futures is Bearish . The immediate levels to watch for is 5250 on the downside and 5400 on the upside. We may find good support @ 5250 mark and witness some selling pressure @ 5350 zone.

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www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Wednesday, April 7, 2010

NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM

Nifty Futures opened flat to higher today by 9 points @ 5380 as expected due to the flat trading in most of the Asian markets. It gained momentum in the mid session to make an intraday high of 5398 , but failed to cross the 5400 mark ,as a result quickly sold off towards the 5350 support area , making an intraday low of 5343 and finally closing the session at 5381.

Nifty Futures has climbed towards the new high today at 5398 giving the positive ques to the market. Todays 3rd consecutive close above the 5350 support zone is positive for Nifty .On the downside 5350 may act as an immediate support followed by the major support of 5250 thereafter . On the upside the level to watch for is 5450 and thereafter the major resistance area of 5500.

Our view on Nifty Futures is Bullish . Dips in the Nifty Futures towards the 5350 area should be used a buying opportunity with proper stoploss for target of 5450 - 5500 . A close below the major support of 5250 with good volumes will take Nifty to lower levels.

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www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Tuesday, April 6, 2010

NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM

Nifty Futures opened higher today with a minor gap up of 11 points @ 5376. It tested the minor support area of 5350 in the opening session , making an intraday low of 5352 in the process. The intraday high for the Nifty Futures was @ 5387 and finally closing the day with an upper bias @ 5371.

Nifty Futures has been climbig slow and steadily, making new highs every day. This is very positive for Nifty Futures . On the upside ,the major resistance now comes in at our intermediate target of 5450 - 5500 zone. on the downside the immediate support now comes in at 5350 and thereafter the major support comes down all the way to 5250 area.

Our view on Nifty Futures is positive, Any dip should be used as a buying opportunity for our target of 5450 - 5500 zone. Only a close below the 5250 mark will end the short term uptrend , and take the Nifty Futures towards the psychological area of 5000.

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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, April 5, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened higher by 25 points @ 5330 in line with the positive US markets closing. It tried to break below the 5320 mark for couple of times but found good support , making an intraday low of 5322 in the process. As the session progressed Nifty futures zoomed pass the 5350 area and made an intrady high of 5371 , finally closing the day @ 5365.

Nifty futures has finally broken pass the 5325 - 5350 area after several unsuccessful attempts with good momentum , which is a very positive signal for the market to move higher towards our intermediate target of 5450 - 5500 zone. only a close below the 5250 with good volumes will stop the up move and take Nifty down towards the 5150 - 5180 area.

Our View on Nifty Futures is Bullish. The 5300 - 5325 area should now act as an immediate support for Nifty on the down side . On the upside the target zone of 5450 - 5500 now looks promising.

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www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

Thursday, April 1, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened higher by approx 24 points @ 5286 as expected , due to the positive opening in Asian markets. It immediately tested the 5280 area , making an 5276 as an intraday low in the process. Nifty stayed in the narrow range of 5276 - 5294, most part of the day, but gained good momentum in the last few minutes to make an attempt to pass by the 5325 area , but failed in the process and finally closed the day @ 5305 , making an intraday high of 5330.

Nifty futures is unable to cross pass the 5325 - 5350 area ,even after repeated attempts due to lack of Volume and Momentum it needs to break this zone. Nifty Futures showed some weakness in the last few days but found good support int the 5250 area. Now a close below the 5250 with good volumes will take the Nifty towards the 5150 - 5180 area.On the upside a comfortable close above 5325 - 5350 area is required to take the markets towards our immediate target of 5450 - 5500.

Our View on Nifty Futures is Bullish. The 5250 area should act as an immediate support for Nifty on the down side . The major support now comes in at 5180 - 5200 area. On the upside the area to watch is 5325 - 5350 zone.

We are Proud to annouce a new product for Professional and Novice Intraday Traders. This is in a form of Trading Newsletter comprising of 42 Volatile Scrips including Nifty and Bank Nifty.The same of the same can be viewed at the following link:

http://www.aaksharstock.com/intraday-newsletter.html#stock-market-tips

There is also good news for Commodity Traders. We have Added three new Commodity Trading Systems. They are Gold Trading System, Silver Trading system, Crude Trading System. All the Trade by Trade Results along with the Performance of Commodity Systems can be view from our website: www.aaksharstock.com

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