Happy Birthday to dear Srini Harkara (One of our oldest readers).
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The upmove from 4770 to 5124/5144 had pull backs of 53 & 65 points along the way.
5315-5340 zone would be first resistance zone.
5220-5251-Wk & Day Pivots are expected to act as supports.
Parminder has spotted a rising wedge pattern from the lows of 4770 of this current uptrend and Nifty is hovering around the upper resisting trendline of that rising wedge. We'll consider it as the TA start to merge with that and the prices continue to keep themselves within its boundaries.
One of the highly rewarding trading strategies is "Pattern spotting", the most recent one being the "ascending triangle".
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The upmove from 4770 to 5124/5144 had pull backs of 53 & 65 points along the way.
5315-5340 zone would be first resistance zone.
5220-5251-Wk & Day Pivots are expected to act as supports.
Parminder has spotted a rising wedge pattern from the lows of 4770 of this current uptrend and Nifty is hovering around the upper resisting trendline of that rising wedge. We'll consider it as the TA start to merge with that and the prices continue to keep themselves within its boundaries.
One of the highly rewarding trading strategies is "Pattern spotting", the most recent one being the "ascending triangle".
42 comments:
Namaste Ilango Sir & Blogmates,
Bullish : June range has been broken on the upside with huge OI addition, now Bears need to do all the work....; Option Analysis for 29-06-2012
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Sanjay Kr Jaiswal
Camarilla Key Levels
Nifty Futures
H4 5349[BUY]
H3 5323[SELL]
L3 5271[BUY]
L4 5245[SELL]
Personal Decision Advised.
Many many happy returns of the day and very Happy Birthday Srini Harkara
Good morning Gurudev and friends
Happy Birthday Srini ji
Good Morning Master & Friends,
Happy Birthday Sriniji
Namaste Ilango Sir and JN Family
Dear Srini Ji,
Many More Happy Returns of the Day
Good Morning Ilango sir and friends.
Happy Trading Monday for everbody.
Good Luck.
Good morning ilango sir & all blogmates.
Happy birthday Mr.Srini Harkara
Rgds
Saravanan
Dear Srini Ji,
Many More Happy Returns of the Day
Good morning master and dear blogmates..
Have a great and fruitful day!!
Good Morning Ilango Sir and Friends
Nifty and India VIX Charts: CLICK HERE
Good morning Master and friends
Good Morning Sir, and all the gems of JN
Good morning Master and friends
R/Ilango sir.good morning n same 2 all reader's.
Good morning Ilango sir & all blogmates.
Happy birthday Mr. Srini Harkara
Regards
Suraj
Good Morning Sir and blog mates.
Good morning Master
Good morning All
Good Morning and Thank You Master and Seniors for all the inputs and guidance.
Happy Birthday Sriniji.
My dear Sir Ilango and all friends
Soulful Prayer for PATIENCE and Lord's GRACE
have a nice day of trading
Master ilango and friends,
Regards and good morning to all.
Thanks Master for guiding
☺☺
Good Morning Master and copy to All
Happy Birthday Srini ji
Happy☺ Birthday Srini Harkara ji
☺
Many many happy returns of the day and very Happy Birthday Srini Harkara
good morning sir and all blogmates
Good morning all
Namaste Ilango sir and fellow bloggers.
Happy birthday Sriniji.
LV
Good Morning Sir and all blog-mates.
Namaste Ilango Sir And All.
Happy Birthday Srini Harkara sir.
Good morning master & JN family
Happy Birthday Srini Harkara Ji, many many happy returns of the day
Good Morning.............
Happy Birthday to Srini...............
5251 day pivot
GOOD MORNING FAMILY
Good Morning Sir & Blog-mates,
Till nifty is holding above 5213-5217 levels it is strongly bullish. Crossing resistances 5311-5370 would make Nifty’s path clear towards 5445-5520.Re-Buy opportunity near supports 5213-5243.
Supports & Resistances for today:-
5285-5311 – Resistance area.
5213-5143 – Support area. ( Re-Buy Opportunity)
Current Trend: - UP.
Possible Movements:-
1.5285< = > 5243< = > 5311< = >5340< = >5370.
2.5285< = > 5243< = >5213< = > 5311< = >5340< = >5370.
3. 5285< = > 5243< = > 5213< = > 5190< = >5168< = >5138.
Two best rules for successful trading:-
1. Initiate position in the direction of trend near support & resistances.
2. Max stop loss - 30 points.
Happy disciplined trading to all.
Have a nice day!
gm to master, drn julius sir n all
sorry gm dr sir
lets try this bear call spread
sell Ce5300 @ 93 and hedge it with buy CE 5500 @24.5. Net premium received 68.5 less brokerage.
this is in anticipation that nifty will not go above 5300 in this expiry.
New Post Done.
Happy Birthday
Kalpana Chawla
(July 1, 1961 – February 1, 2003)
http://en.wikipedia.org/wiki/Kalpana_Chawla
good morning sir and all friends.
Happy Birthday to Srini Harkara Ji.
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