NIFTY Views - for 31st July 2012:

As Expected, Nifty confirmed Friday Gap up was a Bear Trap !! so market seems short term Bullish.

1 Gap Filled Today, TGT 5225 nearing. Close 50% position here & then trail SL.

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:  Down trend

Bollinger :- Consolidation

RSI         :- Down trend

In Daily Time Frame: Down Trend

Bollinger:- Side to Down trend

RSI        :- Uptrend

Support @ 5020 ; Resistance @ 5135

Hourly Chart : UP trend

Remaining Gaps:

1) 5345 - 5236

2) 5306 - 5267

3) 5205 - 5167 (FILLED)

4) 5043 - 5077

BUY:  Bought above 5170, TGT 5225, SL 5170

SELL: Sell on Rise in 5225- 5240 Zone as per Daily Time Frame (as Weekly Trend Bearish) !!

NIFTY Views - for 30th July 2012:

Nifty clsoed @ 200 DMA support & Round number 5102 and Bullish Hammer Pattern in Hourly Chart.

Friday Gap up was a Bear Trap !! so market seems short term Bullish.

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:  Down trend

Bollinger :- Consolidation

RSI         :- Down trend

In Daily Time Frame: Down Trend

Bollinger:- Side to Down trend

RSI        :- Down trend

Support @ 5020 ; Resistance @ 5135

Hourly Chart : UP trend

Remaining Gaps:

1) 5345 - 5236

2) 5306 - 5267

3) 5205 - 5167

4) 5043 - 5077

BUY:  Buy above 5170, TGT 5225, SL 5130

SELL: Sell on Rise in 5125- 5140 Zone as per Daily Time Frame (Weekly Trend Bearish) !!

NIFTY Views - for 25th July 2012:

Nifty again with a Doji !! With Derivatives data, NIFTY expiry seems below 5300.

Even 5100 seems good Support

I Bought at 5125. As expected, Opening was positive, but not a good Volatile session even in Expiry week.

Booked 50 % Profit at 5140.

Market seems Bullish for Tomorrow.

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:   Consolidation

In Daily Time Frame: Nifty support at 200 day MA.

 

Upward Wave ii is going to start & Doji formed at Lower Bollinger Band, so

 

BUY:  the Dips near 5100 or Above 5145 , TGT 5175.

SELL: Short if doesn't sustain above 5100 !!

NIFTY Views - for 24th July 2012:

Nifty is getting tired with many Doji Candles ! With Derivatives data, NIFTY expiry seems below 5300.

Short TGTs achieved today with Gap Down! I have booked Profits in my Short position &

I Bought today at 5125 as its at minimum risk zone. Graphs indicates for a Positive Opening tomorrow !! So looking for some Quick bucks positional in this Expiry week.

No TGTs right Now, Candles will tell the story Tomorrow..

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:   Consolidation

In Daily Time Frame: Nifty nearing the support at 200 day MA.

Top 10 Ways To Lose All The Trading Money - Guaranteed!

#10 - Finding the perfect technical indicator.
#9 - Always do what your technical indicator says to do like BUY at Oversold RSI. It takes precedence over price action.
#8 - Visit a lot of stock trading forums and ask for hot stock tips.
#7 - Follow what other traders do as they have been trading a lot longer than you.
#6 - Track the fundamentals. You MUST know the P/E ratio, book value, profit margins, etc.
#5 - No need for a trading plan. If you see a good stock just buy it. Don't think of your Exit.
#4 - Buy expensive computers and software. Watch CNBC etc! You NEED all of these in order to trade stocks successfully
#3 - Always follow your emotions. If you feel nervous, sell the stock! Buy, when Excited !
#2 - Don't use stop loss. When the time comes, you can sell your shares and take a loss.
#1 - Absolutely, FORGET about managing your money. Don't worry about how much you can lose on one trade. Only think about how much LOOT you r gonna make..

Well, this is my top 10 tips for new traders!

I followed them all when I first started trading !!

NIFTY Views - for 20th July 2012:

Nifty played To & Fro in R2 & R1 Pivot point.

As told yesterday- 60 min chart gave Bullish Divergences + Bollinger band turns Up (Big Money is buying, confirmation will come within 2 days).

Nifty kept whole day above 5236 (stated Yesterday)

 

Only 1 Good trading opportunity today:

 

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:   Up Trend   with   Gap Partially Filled of 5150 ~ 5189

In Daily Time Frame:

RSI              -  Took support at 40- First Sign of Bullishness

Bollinger       -  Consolidation

In 60 min Time frame:

RSI              -  Bullish Divergence

Bollinger       -  Up trend

 

BUY:  Above 5245 , TGT 5267,  SL 5229.

SELL: Short if doesn't sustain above 5236 !! Can touch again 5190.

NIFTY Views - for 19th July 2012:

Nifty goes till initial Pivot, Got Resisted & then went back to Support S1 (Pivot point). 60 min chart gave Bullish Divergences + Bollinger band turns Up (Big Money is buying, confirmation will come within 2 days).

I Bought at 5174 for a Target of R1 - 5225 intraday, but cam out at last at the End of Day.

Profit = 34 Points in Nifty Future 

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:   Up Trend    with   Gap Partially Filled of 5150 ~ 5189

In Daily Time Frame:

RSI              -  Took support at 40- First Sign of Bullishness

Bollinger       -  Consolidation

In 60 min Time frame:

RSI              -  Bullish Divergence

Bollinger       -  Up trend

Nifty Didn't show much strength today, but as per Technical Analysis:-

BUY:  Above 5236 , TGT 5255,  SL 5200.

SELL: Short if doesn't sustain above 5236 !! Can touch again 5190.

NIFTY Views - for 18th July 2012:

Today's Gap up Opening was my 1st trade of 17th july to go Short till yesterday open, which was the only trade !!

Beautiful Exit provided by VSA as below chart:

 

Profit = 40 Points in Nifty Future 

 

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:   Up Trend    with   GAP Remaining @  5150 ~ 5189

 

In Daily Time Frame:

RSI              -  Bearish taking support at 40

Bollinger       -  Consolidation

In 60 min Time frame:

RSI              -  Down Trend

Bollinger       -  Down trend

 

Still waiting for 5150 level to go long. Market is taking support at Gap window, so may change colors to Long side tomorrow before todays low of 5181.

But as per my Trading system, I will trade Long only @ 5150 level with proper Reversal Candles.

BUY:  The Dip near 5150 , TGT 5400 ~ 5425 , SL 5120.

SELL: 1) Short for Short term below 5185, TGT 5150. You should be ready to take the opposite position at these TGT levels!!

NIFTY Views - for 17th July 2012:

Nifty: Last Week, it didn't have too much action providing less Trading opportunities. After a big Gap Down, No Big Candle seen yet !! So this move seems a small correction.

 

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:   Up Trend     with   GAP Remaining @  5150 ~ 5189

 

In Daily Time Frame:

RSI              -  Bearish Divergence (So we are in Bullish market)

Bollinger       -  Consolidation

In 60 min Time frame:

RSI              -  Down Trend

Bollinger       -  Down trend

 

So, we are in Intermediate Bullish market with a Correction Move. Hourly Chart will give us a beautiful opportunity to go Long !! I am strongly Bbullish & am waiting for 5150 level. I will trade long only at that level with proper Reversal Candles.

BUY:  The Dip near 5150 , TGT 5400 ~ 5425 , SL 5120.

SELL: 1) Short for Short term below 5185, TGT 5150. You should be ready to takee the opposite position at these levels!!

How do you Trade !!

NIFTY Views - for 10th July 2012:

Short target just 25 points away..

Nifty made a Doji today... so be ready to book the Profits !!

In Monthly Time Frame:

 - Resistance @ 5339

In Weekly Time Frame: 

 - Rising Wedge

 

GAP Remaining @  5150 ~ 5189

 

In Daily Time Frame:

RSI              -  Uptrend

Bollinger       -  Consolidation

In 30 min Time frame:

RSI              -  Up Trend

Bollinger       -  Consolidation

 

So,
BUY: any dips or near 5150 , TGT 5400 ~ 5425 , SL 5125 in this week.

SELL: 1) Short for Short term below 5300, TGT 5250

2) Short near 5425 TGT 5185 , SL 5448 with Bearish Candle pattern in 30 min !!

NIFTY Views - for 09th July 2012:

In Monthly Time Frame:

 - Bullish Engulfing

 - Resistance @ 5339

In Weekly Time Frame: 

 - Rising Wedge

 - Rising Volume with Small Range - So -Ready for a Move !!

 - Support @ 5285

 

GAP Remaining @  5150 ~ 5189

 

In Daily Time Frame:

RSI              -  Uptrend

Bollinger       -  Consolidation

In 30 min Time frame:

RSI              -  Up Trend

Bollinger       -  Consolidation

 

So Now,
BUY: near 5150 , If Nifty goes to Fill the gap TGT 5400 ~ 5425 , SL 5125 in this week.

SELL: 1) Short for Short term below 5300, TGT 5250

2) Short near 5425 TGT 5185 , SL 5448 with Bearish Candle pattern in 30 min !!

NIFTY Views- for  06th July 2012:

Added Longs near 5280, still in Longs.. as Nifty has still made a Higher LOW on daily chart ! Uptrend continues...

 

In Daily Time Frame:

RSI              -  Uptrend

Bollinger       -  Uptrend

In 30 min Time frame:

RSI              -  Up Trend

Bollinger       -  Up Trend

 

So Now,
BUY: Hold Longs, SL 5260 now! TGT 5375 ~5400 in this week.

SELL: Shorts near 5375 with Bearish Candle pattern in 30 min !!

NIFTY Views- for  05th July 2012:

Added Longs near 5280, as Nifty has still made a Higher LOW with Consolidation !

 

In Daily Time Frame:

RSI              -  Uptrend

Bollinger       -  Uptrend, Reversal

In 30 min Time frame:

RSI              -  Side Trend

Bollinger       -  Side Trend

 

So Now,
BUY: Hold Longs tightly, SL 5200! TGT 5375 ~5400 in this week.

SELL: Shorts near 5375 with Bearish Candle pattern in 30 min !!

NIFTY Views- for  02nd July 2012:

Bulls made a Gap up & have maintained the support at 5200.  Considering the Option data, 5430 seems next resistance

In Daily Time Frame:

RSI              -  Uptrend

Bollinger       -  Up to Side trend

In 30 min Time frame:

RSI              -  Uptrend

Bollinger       -  Reversal

So Now,
BUY: New positions on Dips around 5250! TGT 5400 in this week

SELL: No Shorts!!