Nifty chart

Nifty CMP: 5262

3 -H-MA-5285

3 -L-MA-5219

3 -C-MA-5246

My position: short with sl of 5285 levels closing basis.

Pivot table

Pivot point-5271
R1-5322
R2-5382
S1-5211
S2-5160

Nifty chart

Market in consolidation mode.As we said already move past 5260 levels is positive,while move below 5210 is negative then down trend may resume.

Nifty CMP: 5242

3 -H-MA-5267

3 -L-MA-5199

3 -C-MA-5226

My position: short with sl of 5267 levels closing basis.

Pivot table

Pivot point-5246
R1-5262
R2-5282
S1-5226
S2-5210

Nifty consolidating at current levels

Nifty CMP: 5235

3 -H-MA-5273

3 -L-MA-5202

3 -C-MA-5231

My position: short with sl of 5273 levels closing basis.

Pivot table

Pivot point-5234
R1-5259
R2-5283
S1-5210
S2-5185

Nifty chart-2

Nifty cmp: 5256

3 H-MA-5337

3 L-MA-5268

3 C-MA-5282

My position: short with today's sl at 5282 and 5337 levels


Pivot table

Pivot point-53259
R1-5280
R2-5304
S2-5235
S3-5213

Nifty chart - 1

Nifty is in hands of bears.........

Pivot table

Pivot point-5302
R1-5339
R2-5410
S2-5231
S3-5194

Nifty:5269

3 H-MA-5370
3 C-MA-5312
3 L-MA-5297

Nifty chart - 1

Nifty chart

NIFTY SPOT - 5343

3 High MA-5381

3 Close MA -5332

3 Low MA-5305

My position short at 5300 levels.

Res - 1 Res - 2 Pivot Sup - 1 Sup - 2
5370 5401 5348 5317 5294

Nifty intra update

Nifty cmp:5341

3 MA high-5381

3 MA close-5336

3 MA low-5306


Nifty stop loss is not triggered so we are carrying the short position in nifty.

THIS CALL IS TAKEN UPON MY OWN ANALYSIS,I AM NOT RECOMMENDING ANYBODY TO FOLLOW.

Nifty Open interest

Open interest in 5400 call seen some short covering but not fully.some confusion in 5300 put,in yesterday's trade the open interest was high and witnessed heavy buying and the open interest went up but today the price was down and open interest was up indicating both short covering and fresh short was created.option writers and interested in writing put option.

What is open interest?Pls refer the below link
http://www.investopedia.com/terms/o/openinterest.asp

I am carrying my short position with stop loss of 5386.Any close above this level will be for buying.

3 High MA-5386

3 Low MA-5312

3 Close MA-5343.

Nifty hourly

Nifty Day

Nifty weekly

Nifty intraday update

Nifty spot -5301.50

High MA-5382

Close MA-5330

Low MA-5310

GO SHORT IN NIFTY.

short term weakness in nifty.Expect gap down opening tomorrow

Nifty chart -3

We have noticed significant increase in both 5300 put and 5400 call,rangebound market.Must watch the world market how it progress.

Nifty spot - 5375

3 MA high - 5388 (bit weakness in price but should be followed by close below 3 low MA)

3 MA close - 5370

3 MA low - 5329

Past two days correction is seen in intraday day only,so no significant change in day data.

Nifty chart -2

Nifty chart -1

Nifty intraday update

Closing below 3 day high MA will put halt in up move for short term in nifty.confirmation of complete weakness will be only if nifty closes below low MA.

please combine these with other technical indicators also.

Nifty chart-2

Nifty chart-1

Nifty intraday update

Nifty chart

Nifty spot:5369 cmp

Trend:very strong (since closing above 3 day high ma)

3 Day high ma @ 5337

3 Day close ma @ 5322

3 Day low ma @ 5268

Nifty is nearing the weekly parallel line target at 5430-5450.Now the 52 high(5320-5330) breakout level becomes support for short term.As far as it nifty holds above 5320-5330 the
weekly target is intact.

Nifty pivot:

S2-5292
S1-5330
Pivot-5354
R1-5392
R2-5416

Nifty intra update- 3:25

Nifty spot:5369 cmp

Trend:very strong (since closing above 3 day high ma)

3 Day high ma @ 5337

3 Day close ma @ 5322

3 Day low ma @ 5268

can carry forward long position.

Nifty intra update- 3:05 pm

3 MA Rule update

Nifty spot:5368 cmp

Trend:very strong (since closing above 3 day high ma)

3 Day high ma @ 5336

3 Day close ma @ 5321

3 Day low ma @ 5267

Nifty intra update-11:45

3 MA Rule update

Nifty spot:5337 cmp

Trend:very strong (since closing above 3 day high ma)

3 Day high ma @ 5318

3 Day close ma @ 5306

3 Day low ma @ 5267

Nifty hourly chart - 3

3 day rule...

3 day high MA-5306(Closing above will indicate fresh buying)
3 day close MA-5266
3 day low MA-5245(closing below will indicate fresh selling)

Nifty day chart - 2

Nifty weekly chart - 1

3 day high,low,close strategy

3 day rule...

I like to introduced a new Strategy for trending market which i have learnt from niftydoctor blogspot.It produces excellent return in trending market but failure in range bound market.Given the risk reward ratio of 70:30.

I have setup 3 day high moving average,3 day close moving average,3 day low average
A close above 3 day high moving average is a buy signal with 50% stoploss at 3 day
close moving average and 50% stop loss at 3 day low moving average.Same as for short position also.

For past performance look at the chart below and how it has produced many signals.In general
we use three day close for any breakout confirmation same it is been used here.The same strategy is been used in niftydoctor.blogspot.Credit goes to him!

Watch the last 15 minute trade if there is possblity of closing below or above 3 day low MA OR
3 day high MA then initiate fresh long or short accordingly.

This strategy is best used for day chart, in hourly chart it gives whipsaws.

Below is the chart,using the 3 day strategy it has given excellent return in trending market

Below is the another chart which shows the failure to work in the range bound market.


Rules:

1)If prices closes above 3 day high MA go long .

2)Initiate stoploss at 3 day close MA(50%) and remaining 50% stoploss at 3 day low MA.

3)If prices closes below 3 day low MA go short.

4)Initiate stop loss at 3 day close MA(50%) and remaining 50% stoploss at 3 day high MA.

For experienced technical analyst,they can use it will MACD,STS,RSI(14) for excellent returns.

Happy trading!

Nifty chart

Nifty chart update-3

Nifty chart update-2

Nifty chart update-1

Nifty chart update-3

Nifty chart update-2

Nifty chart

Nifty future chart update-4 (hourly)

Nifty future elliot chart update -3(daily)

Nifty future chart update -2(daily)

Nifty spot chart update -1 (weekly)

Nifty chart

Market expected to be volatile ahead of expiry.Support remains at the low of yesterday,trading below the low of yesterday will take to 5180 and 5150 levels.

We see a bearish candle in EOD chart the weakness should be continued by breaking the low or else move up to 5245-5260 levels is possible.

Nifty chart - 2

Nifty chart - 1

Nifty chart

Nifty chart elliot wave count

Nifty chart weekly

Nifty chart - 1

Nifty chart - 2

Nifty chart - 1

Nifty chart update - 2

Nifty chart update-1

Nifty chart

Nifty chart

Nifty chart