I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Tuesday, 24 March 2015

Nifty Positional View - 24.03.2014

Positional: Today was a Volatile Day. Usually Volatile & small range day's are at the end of the move. Below is the chart of Nifty Spot.

1) Price has pulled back twice from MBB, but still COBB is missing.
2) UBB is still Flat !
3) Good DP just below with confluence of Long Term Trendline
  On the contrary,
1) Trend is down. So, till it turns, we can't build rosy pictures.. Its a falling market, so there is no Support.. only resistances !
2) LBB should have been flat at this time.
3) Expiry is just after 2 days, so mkt will be choppy. Need to re-analyze after expiry

My Preferred position will be a Long here/ near 8500 iff no COBB. It will be for short term
If COBB, i will short for next level shown.


  1. it takes time and effort to become consistantly profitable in trading .
    is there any ways to get part time alternvative online income for monthly expenses? (3000 to 5000 rs per month)
    i think everybody have alternative income, anybody suggest any ideas?

    1. Hi CM,

      Why not try Options writing - Pair Trading. Its a near to guaranteed income way. A little analysis of OI & sell the OTM pair. Close with 30 ~ 40 pts within 5 days. I have done it a lot, but left due to low ROI.

      Deven Malhotra