27August09 Nifty Intraday

Call for 27th August09

As market is choppy, avoid intraday trading.

• Short NF below 4663, SL 4687
• Buy NF above 4687, SL 4663

26th August09 - Nifty Intraday

25th August09 - Nifty Intraday Chart

New Trade Initiated

Buy NF @ 4625

50% SL @ 4556

50% SL @ 4444

21st August09

Nifty may bounce back above 20DEMA

Nifty trading above 5EMA 4454 and near 8DMA 4481 Buy NF @ Market
50% SL= 4454 50%SL @ 4440. Nifty is trying to cross the resistance level of 4477. Next target for long call will be 4532 and if fail's to break resistance level it fails may draw down upto 4440.

Call for 17th July09

• Below 4470 its suggested not to buy any Call or NF. Nifty trading below 5EMA 4512, 20EMA 4545, weekly EMA 4518.
• In weekly as well as daily chart MACD and RSI headed downward. So Its better to play in Short or Puts.
• SL for Short NF : 50% 4492, 50% @ 4604
• Global Liquidity drying - Article : http://www.moneycontrol.com/mccode/news/article/news_article.php?autono=411389

Nifty in tight range of 40 points

The Nifty traded in a narrow range of 4550- 4600 throughout the day and ended below the 4600 mark, but could not fall below 4544 (20EMA). Market seems to be firm for further bull run. Stop loss for long position is 4544. The markets saw good gains in this week. The Sensex gained 1.7%, Nifty advanced 2.2%. During this week, Ranbaxy, Tata Motors, HCL Tech were the index gainer; they were up 13%, 12% and 10% resepectively.

The 4,700 level, while holds the highest open interest among call options, may continue as a resistance for the market. However, buying in 4,600 and 4,700 strikes call last week, which indicates breakout above 4,700 sometime next week.

Call for 14th August09

Traders unwinded 4,600 and 4,700 strikes calls as they expected the Nifty to move up further in the near future. They were seen writing 4,500-4,600 puts as they expected the index to get support around 4,600 levels.
---------------------------------------------------------
1. 50% Stoploss for Long positions @ 4511
2. Remaining 50% Stoploss for Long positions @ 4486

Call for 13th July09

Nifty is trading above 5EMA 4496. If it sustains above 5EMA till 12.00 pm, Buy Nifty ATM Call or NF. Only if Nifty falls below 4496 short NF or buy 4500 Put.

S/L for Long : 50%SL @ 4496, 50%SL @ 4406

-------------------------------------------------------

Those who have initiated strategy of Sept. CE and Aug. PE Bear Strangle can exit PE. and hold Sept CE.

-------------------------------------------------------

Call for 12th August09

Recently we had given nifty option strategy :
Bull strangle @ Rs. 6050/-
Net profit of nifty option strategy reached @ 20,000 when nifty was at 4724
-----------------------------------------------------------------

-------------------------------------------------------
Happy Trading!

Nifty is in trap of bears. Move stop loss for short positions @ 4466.

Fresh players can buy 4100PE @ 43.

Nifty Call for 11th August09

Nifty trading below 20DMA and 5 DMA. Short Nifty at top levels below 4534 (5EMA). Nifty RSI2 is oversold. So be careful while shorting. 4557 is weekly pivot.

Nifty Intraday Chart for 31st July09

Nifty have support @ 4572.