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!!