Trading Strategies' log !!

#1
Watch your moves in Market Today !! (May 22, 2013)

As seen, Nifty is trading range bound since morning. It is trading between its intraday resistance of 6145 & support of 6103 levels. If it manages to break 6145 level & sustain above this level, then a rally might be seen till 6180 & Nifty might face minor resistance at 6165 levels. On the down side, 6103 is a strong support level, if Nifty manages to break this level then we might see correction till 6040 levels. Traders can look for short positions in REALITY & INFRA Sectors. Long Positions in FMCG, PHARMA & BANKING sectors for intraday game.
 
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#2
Glance at Market ahead - View for May 23, 2013 !!

As seen today, that Nifty managed to break down below its intraday support of 6103 & closed below the said level, this shows a possibility of further correction in Nifty. Now the intraday support for Nifty is around 6040 levels, if it manages to break this level then we might see correction till 6000 & 5970 levels. On the upside intraday Resistance is 6150 & 6185 levels, if it manages to cross these level & give closing above 6200 levels, then a rally till 6335 levels can be seen. Traders are advised to go for short trades, if Nifty manages to trade below 6100 level with a strict stop loss.

 
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#3
Market Today !! (MAY 22, 2013)

As NIFTY opened positive with 12 odd points up on the back of positive global cues. In the first half of the trading session, Nifty traded range bound between 6115-6145 levels. In the second half, Nifty managed to break its intraday low as well as it important support of 6103 level & then correction was seen till 6080 levels as expected & mentioned in the previous article. In the end, it closed near 6100 levels. Most sectors ended up in red REALITY, INFRA & PSU BANKING been the worst performers & sectors which managed to end up in green are PHARMA & FMCG.

 
#4
Watch your moves in Market Today !! (May 23, 2013)

As seen that, Nifty has been correcting and Nifty future has been trading in discount, since morning, as mentioned in the previous article. Nifty has tested support of 5970 level, which is also a crucial support level for intraday, If it manages to sustain above this level, then small bounce might be seen till 6010 & 6035 levels. If it manages to break & trade below 5970 level, then, further correction till 5950 & 5920 levels is possible. One should play with a strict STOP LOSS. All the sectors are on the losing side in which Reality is the most affected, with more that 6% decline; Infra & Banking are also supporting for this decline. Only sector in which one can look for long positions are CNX-IT.

(LINK TO CHART)
 
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#5
Market Today !! (MAY 23, 2013)

On the back of negative global cues, today, Nifty opened negative with 44 odd points down. Further correction was seen in the first half of the trading session. Nifty broke the support of 6040 & 6000 levels & took support from its major support of 5970 level, as mentioned in the previous article. In the second half, it traded range bound, waiting for the 4th Quarter & Yearly Result of SBIN, the result were below expectation, so we saw big decline in SBIN. Nifty still managed to hold 5970 for some time but could not sustain above it for longer. In last hour of trading session, it broke below its support level of 5970 level & showed further correction & tested 5950 level which was the next intraday support as mentioned in the article given earlier today (Refer to Watch your moves in Market Today) and closed more than 120 points down. Today, all the sectors ended up in red. Major losers REALITY & PSU BANKING decline more than 5.50%, Infra declined more that 4% & MID-CAP index was down 2.66%.

Chart
 
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#6
Glance at Market ahead - View for May 24, 2013 !!

As seen, some serious selling pressure in Nifty today due to weak global cues as well as results of few blue-chip stocks was not up to the expectation. As Nifty could not manage to close above 5970 level which shows that it may correct more. If it manages to hold below this level, then further correction might be seen till 5950 & 5920 levels. But major resistance is at 5850 level. On the upside, 6015 & 6050 levels still remains intraday resistance levels; if it manages to cross above these levels then a rise till 6110-6130 levels is possible. Traders should watch for 5970 level in intraday.

Chart
 
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#7
Watch Your moves in Market Today !! (MAY 24, 2013)

As seen, a volatile session in Nifty since morning. Nifty has tested its intraday support of 5950-5940 levels & given a bounce from that level & trading close to 6000 levels. Now, 6015 level is the intraday Resistance above this level a move till 6050 levels is possible. On the down side, intraday support is around 5940 level, below this level Nifty might touch 5920-5900 levels. Sectors in which one can look for buy are Reality, Infra, Metal & Banking. Sectors in which one can look for short sell position are Phama, IT & FMCG.

Chart
 
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#8
Market Today !! (May 24, 2013)

Nifty opened positive with 43 odd points up due to positive global cues. But, it corrected & traded in red immediately after opening, due to weak domestic sentiments, in the first half. It was a volatile session, Nifty broke below its intraday level of 5970 & also its yesterdays low. Further correction was seen till 5950 & 5940 levels, which was the support level for intraday, as mentioned in the previous article. A recovery was seen from that level & Nifty managed to re-test 6000 levels. In the second half of trading session, Nifty traded range bound between 5970-5995 levels & closed in this range. After big bull rally for 5 weeks, Nifty showed a profit booking in this week, ended up negative with a decline of 3.20%. In todays session Metal, Infra & Banking sector supported Nifty to close in green, on the other hand, Pharma & IT sector tried to pull Nifty in red.

Chart
 
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#9
Glance at Market ahead - View for May 24, 2013 !!

Nifty gave a weekly closing above its important support of 5970 level. So, for time being, 5970 will act as a crucial level for Nifty. On Monday, for intraday, if it manages to hold below 5970 level, then a decline might be seen till 5940 & 5920 levels. Major support for Nifty is at 5850 levels. On the up side, 6015 will act as important Resistance for intraday, if it manages to trade above this level, then, a rally till 6050 & 6110 levels is possible. As next week is an expiry for May month Future & Option contracts, a range bound move might be seen in beginning, later on, it might get volatile, if sentiments turns negative on Global front. Traders are advice to watch for 5970 level, in intraday, for next trading session.

Chart
 
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#10
Watch Your moves in Market Today !! (Post dt. May 28, 2013 at 1.02 PM)

After a volatile session in early trading hours, Nifty went range bound in a range of 20 odd points. Nifty Resistance for intraday is still remains the same i.e. 6110, if in manages to sustain above this level, then a rally upwards can be seen. On the down side, 6050 level is a strong support below this level, further correction till 6010 levels is possible. Sectors trading in red are PHARMA, IT & BANKING rest all are trading in green.

Chart
 
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