Trading Nifty without Nifty

[ajeetsingh]

On watching this 3 months chart of Nifty future, we can clearly see that Nifty has bounced from lower level.
So for this week, Nifty will look 8225 & 8005 as trend deciding levels
It has resistance at 8225
If it breaks this resistance of 8225 and also closes above it
then next resistances are 8285 then 8315 and finally 8400
So far supports are concerned, they are at 8005
but again, if closes below this support
then next support is at 7920
and after this 7800 and finally 7725
So I will keep close eye at 8225 and 8005 for this week.

 

[ajeetsingh]

Now lets look at 3 months chart of RECLTD
Look at clear double top formation
and then a strong breakout at 141.00
So I think if recltd croses 141.00 and
also closes above 141.00
a strong up rally is expected and thats
upto first resistance of 150.00 and then final resistance of 158.00
I will keep an eye at 141.00
But at the same time, keep in mind support of 133.00
and final support at 128.00

 

[ajeetsingh]

Good Day today !!!

No Trade in Nifty today.....

 

[ajeetsingh]

BankNifty Future
No Trade


Nifty Future
Today expected to open flat and may trade in range during full day !!!
R1=8150, R2=8175, R3=8205 (if it stays abv R2), R4=8225
S1=8125, S2=8100, S3=8050 (if stays blw S2)

INDUSINDBK has good support at 1037
if it trades below it then next supports
are at 1020 and then 985

 

[NoviceStockTrader]

BankNifty Future
No Trade


Nifty Future
Today expected to open flat and may trade in range during full day !!!
R1=8150, R2=8175, R3=8205 (if it stays abv R2), R4=8225
S1=8125, S2=8100, S3=8050 (if stays blw S2)

INDUSINDBK has good support at 1037
if it trades below it then next supports
are at 1020 and then 985

Ajeet Sir, How do you manage to follow BN, Nifty and so many other stocks??
Do you have a program where you set alerts etc or you monitor them manually?

 

[ajeetsingh]

BankNifty Future
No Trade


Nifty Future
Today expected to open flat and may trade in range during full day !!!
R1=8150, R2=8175, R3=8205 (if it stays abv R2), R4=8225
S1=8125, S2=8100, S3=8050 (if stays blw S2)

INDUSINDBK has good support at 1037
if it trades below it then next supports
are at 1020 and then 985

Nifty hit low R1 then traded around R2 till 9.25am
As it started moving up I bought at 8178 and booked just now at 8194

Gain: 16 points
Total since 18 Nov 2016= 147 points
Total No. of Trades: 06

 

[ajeetsingh]

Ajeet Sir, How do you manage to follow BN, Nifty and so many other stocks??
Do you have a program where you set alerts etc or you monitor them manually?

I trade only with help of Amibroker...

 

[ajeetsingh]

BankNifty Future
No Trade


Nifty Future
Today expected to open flat and may trade in range during full day !!!
R1=8150, R2=8175, R3=8205 (if it stays abv R2), R4=8225
S1=8125, S2=8100, S3=8050 (if stays blw S2)

INDUSINDBK has good support at 1037
if it trades below it then next supports
are at 1020 and then 985

After seeing rally of indusind, bought future at 1061
just booked 1065
cash support at 1037 proves worthy

 

[ajeetsingh]

Got Average Profit today (After paying brokerage)

 

[ajeetsingh]

Ajeet Sir, How do you manage to follow BN, Nifty and so many other stocks??
Do you have a program where you set alerts etc or you monitor them manually?

Hi
see whatever I am writing here, are my personal views only
first of all I divide my work in 2 phases:

First phase is pre market, where you have to calculate levels with help of
50 EMA, 200 EMA, Normal Pivots (Daily & weekly) etc
I write them on paper and put alarms or notifications on terminal (I use 3 terminals) where no need to watch as it will automatically catch attention by poping up whenever you touch particular level
Nowadays I do above setup in amibroker .....

Second phase: watching continuously running market.
The more you have, the less you can use....
so I pay attention only on support and resistances, may be they are static or dynamic.... by dynamic I means to say that they are just formed
Like today, on 3 min graph, watch ITC, it showed double top at exactly same height so as it broke first top I immediately bought for up move but as it was unable to sustain I immediately changed my mind and sold which resulted in good profit today.
There were many bad trades today as well but I try to result green everyday and this is how..... Never stick to pre assumptions

Nowwhich stock to choose..... See commonly we know that there are fixed weights given to stocks of Nifty in Nifty but NO i think its not right
Let me explain..... it changes day to day
How?
Its determined by traders mood for that stock
Like ITC today.... For every rise in nifty, itc rose accordingly but every fall in nifty it magnified it 3 times so it means for fall in nifty its main contributor today
So i will short nifty acc. to itc or I will short itc acc. to nifty.... but only today
similar stock is ONGC today
and M&M for rise in nifty.... which u can see I bought early morning but due to fear I got out and see now where it is now
(Check my trades for today)
For choice of stocks.... its duty of my friend to watch cnbc awaz from 7am daily and to watch what they are saying and for which stock.... DONT LISTEN to TIPS they are giving, just nifty stocks which will influence more Nifty today.
Then trade as per levels....
see charts

Hope i cleared some doubt.....