Friday, August 27, 2010

NIFTY TRADING SYSTEM

NIFTY ( SPOT): OPEN:5489.60 HIGH:5495.20 LOW:5391.95 CLOSE:5396.85
NIFTY ( FUT ): OPEN:5460.50 HIGH:5489.90 LOW:5398.05 CLOSE:5404.00

Nifty Futures today broke the lower range of the rising channel of 5420 with good volumes and heavy momentum ,closing the day @ 5404. On the downside the crucial level of 5350 will act as a support area, and if broken than we may see Nifty Futures sliding all the way to the important 5250 mark. On the upside we may witness an immediate resistance @ 5480 level and there after the next level to watch for will be the all important 5550 mark.

Our view on Nifty Futures is Flat to Negative . Nifty Futures has broken and closed below the trading range of 5420-5550 on daily charts. Any rallies in the market can be treated as selling opportunity with proper stop loss.

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Thursday, August 26, 2010

NIFTY TRADING YSTEM


NIFTY ( SPOT): OPEN:5462.10 HIGH:5486.55 LOW:5454.70 CLOSE:5477.20
NIFTY ( FUT ): OPEN:5470.25 HIGH:5489.00 LOW:5458.00 CLOSE:5477.65

Nifty Futures on the august expiry day traded lackluster trying to find the direction on either sides . On the upside it has to cross pass the 5500 mark and thereafter the 5550 level with good volumes and positive momentum to make an attempt towards the 5600 zone. On the down side the level to watch for are 5400 and thereafter the all important 5350 level which may act as a support level to any immediate down fall .

Our view on Nifty Futures is Flat . Nifty Futures is trading in a range of 5420-5550 on daily charts. Hence any dips in the market can be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Thursday, August 19, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat to positive note @ 5490 after yesterdays spectacular last hour rally . Meanwhile there was not much movement noticed in US & Asian markets. Nifty Futures showed continuous positive bias right from the start of the session making an intraday low of 5486 in the opening and thereafter rallying the whole day to an intraday high of 5534. It finally closed the volatile session 5527.

Nifty Futures has managed to close above the crucial 5480 mark for the second continuous session making it positive for the markets to make a first attempt towards the 5550 mark and thereafter @ 5600 level. On the down side 5420 level may act as an support barrier to Nifty Futures resting any sharp falls and the next level to watch for after this is the crucial 5350 mark. On the daily charts we have closed right on the top end of the channel range of 5380 – 5535. We may witness some volatility at this levels.
Our view on Nifty Futures is Bullish. After yesterdays breakout on the upside of Nifty Futures the momentum has turned positive ,hence any correction towards the 5450 mark , can be used as buying opportunity with proper stop loss .

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Wednesday, August 18, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat note @ 5430 , despite the positive closing from the US & European markets & positive trading in Asian markets. It traded in a very narrow range of 25 point between the intraday low of 5418 and 5442 , until the final hour of the session came as an unexpected major jolt to trading , taking Nifty Future all the way higher to 5494 and closing the day at almost the high point of the day @ 5490.

Nifty Futures has finally managed to break the higher end of the range of 5380 – 5480 with good volumes and momentum and has managed to close above the 5480 mark, which is a positive sign for the markets and a right platform to take it higher to 5550 mark and thereafter at 5600 level. The only word of cautious is that we are trading at the topmost point of the daily channel of 23.07.2010 which is @ 5497. On the down side the support to watch for 5420 mark and there after @ 5350 level .

Our view on Nifty Futures is Bullish . Nifty Futures has finally managed to break the trading range on the up side and any dips in the market can be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Monday, August 16, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat note @ 5453 in line with US & Asian markets as there was not much trading movements seen in those markets. Nifty Futures once again made an early attempt to break pass the 5480 mark but failed to do so in the process making an intraday high of 5474. It witnessed some heavy selling pressure in the second half of the session taking it all the way down below the 5400 mark registering an intraday low of 5393 and finally closing the day @ 5419.

Nifty Futures is stuck in a narrow trading range of 5380 – 5480 and we are witnessing that several attempts by Nifty Futures to break the trading range on either side has been met with continuous failure. Nifty Futures is showing reselience to the global markets and all the action has been shifted to stock specific. As mentioned yesterday Nifty Futures has to close above the 5480 mark to carry on with its upward journey towards the 5550 mark and thereafter to all important 5600 level. On the down side the same 5350 mark and thereafter the 5250 level acts as a strong support levels.

Our view on Nifty Futures is Flat . Nifty Futures is trading in a narrow range of 5380 – 5480 mark , so trades can be initiated on either side with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Friday, August 13, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a dull note @ 5420 as expected due to the lacklustre trading in Asian markets. Nifty Futures tried to break the 5420 mark in the opening session , but found good buying support making the same intraday low of 5420 in the process . It started the climb towards the higher levels throughout the session , but found renewed selling pressure at the 5480 level in the last hour making an intraday high of 5478 and finally closing the day @ 5458.

Nifty Futures, is moking continuous effort to break either side of the trading range of 5380 – 5480 ,but is meeting with renewed selling pressure at 5480 mark and same is true for lower levels ie it is meeting with heavy buying at 5380 mark. Nifty Futures is stuck in this narrow range of 100 points from almost a month and only a break on either side with good momentum and heavy volumes on closing basis will see fresh 200 point move. Levels to watch for are 5550 and thereafter 5600 on the upside and 5350 and thereafter 5250 on the downside. The action in the market has turned to stock specific with good returns.

Our view on Nifty Futures is Flat . Nifty Futures is trading in a narrow range of 5380 – 5480 mark , so trades can be initiated on either side with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Wednesday, August 11, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today slightly lower by approx 12 points @ 5450. It registered an intraday high of 5468 in the opening session, but could not pass through the 5480 mark . Nifty Futures after making an early attempt to go higher , finally failed in the mid session and accelerated the fall in the last hour making an intraday low of 5404 and finally closed the volatile session @ 5406.

Nifty Futures, after making several attempts to break pass the 5480 mark , is witnessing fresh bout of selling pressure and seems to be testing the lower end of the trading range ie 5380 mark .Any level to pass through the 5480 level is met with some heavy selling pressure due to unfavorable global cues and only a comfortable close above this mark will give the required momentum to Nifty Futures ,taking it to higher levels of 5550 and thereafter @ 5600 mark. On the down side we have witnessed good amount of buying coming in at 5350 – 5380 mark and a break of this level on closing basis will take Nifty Futures down very swiftly towards the major support of 5250 mark.

Our view on Nifty Futures is Flat . Nifty Futures is trading in a narrow range of 5380 – 5480 mark , so trades can be initiated on either side with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Tuesday, August 10, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a slightly lower to flat note by approx 17 points @ 5462. It made an early attempt to break pass the 5480 mark but failed and in a process made an intraday high of 5475. Nifty futures swiftly moved lower to register an intraday low of 5440 and traded the rest of the session in a range bound pattern , finally closing the day @ 5462.

Nifty Futures is still stuck in a narrow band of 5380 – 5480 level and at present making frequent attempts to break the higher side of the range of 5480 and move higher, but a lack of volume and momentum is not helping Nifty Futures for now. At present we have a short term support at 5420 mark and thereafter @ 5380 and a major support comes in at 5250 level. On the upside a break pass the 5480 mark will take Nifty Futures to 5550 level and thereafter to a major resistance @ 5600 zone. Nifty Futures , with a fresh trigger is poised to break on either side with good 200 points movement.

Our view on Nifty Futures is Flat to Bullish . Nifty Futures is trading in a narrow range of 5380 – 5480 mark , so trades can be initiated on either side with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Tuesday, August 3, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a Flat note @ 5440 despite the positive cues from US & Asian markets. It tried to pass by the 5450 mark in the opening session , but found bout of selling pressure making an intraday high of 5448 in the process. Nifty Futures made an intraday low of 5418 in the mid session and finally closed the day on a dull note @ 5435 . Today’s trading range was only 30 points from the low to high.

Nifty Futures is unable to pass the stiff resistance of 5480 and is meeting fresh bout of selling pressure , every time it makes an attempt to break pass this resistance. On the down side it is meeting with fresh buying @ 5380 level. It seems that Nifty Futures is stuck in a narrow range of 5380 – 5480 level and is looking for fresh trigger to break the range. Nothing much is happening in Nifty Futures and all the action is shifted towards individual stocks. The levels to watch for are 5480 and thereafter 5500 on the upside and 5350 and thereafter 5250 on the down side.

Our view on Nifty Futures is Flat . Since it is stuck in a narrow range , any dips could be used as buying opportunity with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Monday, August 2, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today Higher by approx 37 points @ 5408 in line with positive trading in Asian markets. The opening was almost the intraday low of the session @ 5402 and mentioned the positive bias through out the day. Nifty Futures closed at almost the high point of the day @ 5440 , making an intraday high of 5442 in the process.

Nifty Futures has broken the triangle pattern on the upside ,which was forming from the previous 12 session ,and is well poised to move higher . On the upside Nifty Futures will test the time , with major resistance standing in at 5480 zone. Only a positive support from the global markets and a positive commitment from the local markets backed by good volumes will move it higher towards the next major resistance 5500 – 5600 area. On the down side we still have a support in place at 5350 area, and a break of this support will take Nifty Futures towards the next major support @ 5250 zone.

Our view on Nifty Futures is Flat to Higher . Nifty Futures is generating a good buying interest in the 5350 – 5380 zone , as a result any correction in the market can be treated as a buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial