Swing Volume Pattern Update will be sending and updating the same on weekly basis once
NIFTY SPOT TRADING LEVELS
STRONG ABOVE 5499 ( A )
SUSTAIN ABOVE 5512 (B) TRG 5526 / 5540
WEEK BELOW 5468 (C)
SUSTAIN BELOW 5455 (D) TRG 5342 / 5328
INSTRUCTIONS HOW TO TRADE WITH ABOVE LEVELS USING A , B , C , D
BUY FEW QTY ABOVE ( A ) WITH STOPLOSS (C) DOUBLE QTY ABOVE (B) IF SUSTAIN ABOVE FOR 5 MINS
WAIT FOR TARGETS AND MODIFY STOPLOSS TO ( A ) IF NOT THEN BOOK NEAR (B)
SELL FEW QTY BELOW (C) WITH STOPLOSS ( A ) DOUBLE QTY BELOW (D) IF SUSTAIN BELOW FOR 5 MINS
WAIT FOR TRAGETS AND MODIFY STOPLOSS TO (C) IF NOT THEN BOOK NEAR (D)
AS TOLD LAST WEEK :: LAST LEG RALLY TO START ::BIG BULL DAYS::
AVOID SHORTING IN MARKET .. NIFTY HEADING SOON TO HIT 5560-5580
SL 5330(modified) CLOSING BASIS NIFTY SPOT
LIKE BEFORE 5340-5350 BASE FORMATION WAS DONE
NOW THE SAME IS DONE BTW 5420-5410 LEVELS
DAY CLOSE BELOW 5400 EXIT ALL LONGS
THE DAY NIFTY SPOT CLOSE BELOW 5330 WILL END UP CURRENT UP TREND
AND CAN EVEN GO SHORT AND SLEEP ON SHORTS IF CLOSE BELOW 5330 NIFTY SPOT
EVERYONE ON THE STREET TALKING ABOUT LEVELS 5545 & 5555 AS BREAKOUT LEVEL FOR NIFTY
AS PER OUR READING THE LEVEL IS 5680 AND ABOVE TWO LEVELS WILL BE FALSE BREAKOUT LEVEL
WE ADVICE TO ACCUMULATE SHORT ABOVE 5560 LEVELS WITH SL 5680 3 DAYS CLOSING ABOVE NIFTY SPOT
ONLY ON CLOSE ABOVE 5680 NIFTY SPOT FOR 3 DAYS WILL TARGET FOR NEW LIFE HIGH WHICH IS UNLIKELY
:: ABNSTOCKS WAS THE ONE ONLY WHO TOLD TO BUY BTW 4870-4920
:: THEN FOR THOSE WHO DID NOT TOOK LONG AT ABOVE LEVEL
:: WE RECMD FOR POSITIONAL BUY NIFTY ON CLOSE ABOVE 5025 AND ADD HUGE QTY ABOVE 5156 (BREAKOUT LEVEL)
:: TWO DAYS CLOSE ABOVE 5156 TARGET 5285 (HIT) & 5455 (HIT)
:: WITH KEEPING TARGETS INTACT @5500-5600
:: TODAY IT'S 10th AUGUST 2010 WE ARE JUST FEW MILES AWAY
As on closing 9th August 2010 unrealised points nifty fut from buying avg
NIFTY :: cmp - buying avg = (5482 - 4895) = +587 X per lot without jobbing
EOD Resistance ::: 5520 / 5555 / 5580
EOD Support ::: 5455 / 5425 / 5385
::: Weeky Levels ::: sl 5425
close above 5501 trg 5562 / 5636
close below 5360 trg 5290 / 5230
close below 5360 trg 5290 / 5230
Nifty Trading Range :: 5425 - 5555
Bear Fear Zone 5396 ::: Bull Fear Zone 5451
Bulls will have full control above 5451 and will fear the bears
Bears will have full control below 5396 and will fear the bulls
Nifty 50 day EMA :: 5324
Nifty 100 day EMA :: 5237
Nifty 200 day EMA :: 5060
NIFTY BULLISH / BUY ON DIPS TILL THE TIME 50 DAYS EMA SUSTAIN ABOVE 100 DAYS EMA
BULL MARKET WHEN 50 & 100 DAYS EMA SUSTAIN ABOVE 200 DAYS EMA
NIFTY BEARISH / SELL ON RISE TILL THE TIME 50 DAYS EMA SUSTAIN BELOW 100 DAYS EMA
BEAR MARKET WHEN 50 & 100 DAYS EMA SUSTAIN BELOW 200 DAYS EMA
All Above Spot Levels
All Above Spot Levels
OM SHRI GANESHAYA NAMAH