Nifty View for 01.03.2012

Nifty made a higher low today indicating a reversal but could not close above 5400 after reaching a high of 5458.Still a higher high and higher low is change of trend after making a significant bottom at 5268.Nifty closed today the lower end of the range formed which is important.Nifty should move out of the 5325-5425 range which was the consolidation zone earlier to give a trending move.The ADX momentum indicator is headed down below 40.The positive DI and negative DI are diverging from each other but still very close to each other to give a trending move.So no fireworks expected yet as we are moving in a range.Intraday traders can look at the levels given below to trade on 01.03.2012.

Spot Nifty levels for intra-day trade on 01.03.2012
No trade between 5367 and 5403(to avoid whipsaws)
Buy above 5403 with SL of 5383 
for targets of 5422-5440(breakout  level on the upside,add positions) 5459-5477-5496-5514-5533-5551.

Sell below 5367 with SL of 5387 
for targets of 5349-5330(breakdown level on downside, add positions)-5312 -5294-5276- 5258- 5240-5222.

Happy Trading !

Nifty View for 29.02.2012

Nifty has recovered lost ground today by closing at 5375.50.It needs to confirm it has made a swing low by holding it at least for tomorrow.It should move above 5400 to be in the positive territory.A close above 5450 will convince us about some positive momentum  on spot nifty.Today was an inside day so tomorrow can be volatile to keep us guessing after two days see-saw movement.A move below 5320 can be considered negative for nifty.Above 5400 one can be positive for nifty.The ADX indicator has the momentum indicator headed down  and the positive and negative DI have diverged with today's move.One needs to keep watch on these for further clues.Intraday traders can look for levels given below to trade on spot on 29.02.2012.

Spot Nifty levels for intra-day trade on 29.02.2012
No trade between 5357 and 5393(to avoid whipsaws)
Buy above 5393 with SL of 5373 
for targets of 5412-5430(breakout  level on the upside,add positions) 5449-5467-5486-5504-5523-5541.

Sell below 5357 with SL of 5377 
for targets of 5339-5320(breakdown level on downside, add positions)-5302 -5284-5266- 5248- 5230-5212.

Happy Trading !

Nifty View for 28.02.2012

Nifty had a great fall today and no respite for bulls with bears hammering the index from the word go.A very weak opening for the week on index with gap down and moving down till end.It was breaking of supports all the way to 61.8% level of retracement of 5290 and we closed below it at 5281.20.Foe any recovery it should cross this level of 5290 tomorrow.If it crosses it then resistance can be 5356 and 5422.On the downside we may reach the next level of 78.6% at 5197.The ADX is showing weakness with the positive and negative DI lines meeting each other today.The momentum indicator has turned clearly downward.For any positive move the positive and negative DI should away from each in opposite direction.The level of 5266 is critical below which we may retrace up to 5040.Intraday traders can look at levels given below on spot nifty to trade on 28.02.2012.

Spot Nifty levels for intra-day trade on 28.02.2012
No trade between 5263 and 5299(to avoid whipsaws)
Buy above 5299 with SL of 5279 
for targets of 5318-5336(breakout  level on the upside,add positions) 5354-5372-5390-5408-5426-5444.

Sell below 5263 with SL of 5283 
for targets of 5245-5227(breakdown level on downside, add positions)-5209 -5197-5179- 5161- 5143-5125.

Happy Trading !

Unique Trading Method on Dow Jones Industrial

 Current View on 24.02.2012

1)      Buy on 06.10.2011 at 10974.Sell on 31.10.2012 at 12034.Profit 1060 points.(Reversed position).

2)      Sell at 12034 on 31.10.201.Buy at 11660 on 02.11.2011.Profit 374 points.( Reversed position).

3)      Buy at 11660 on 02.11.2011.Sell on 09.11.2011 at 11955.Profit 295 points.(Reversed position).

4)      Sell on 09.11.2011 at 11955.Buy on 10.11.2011 at 11781.Profit 174 points. (Reversed position).

5)      Buy on 10.11.2011 at 11781.Sell on 14.11.2011 at 12133.Profit 352 points. (Reversed position)

.

6)      Sell on 14.11.2011 at 12133.Buy on 28.11.2011 at 12298.Profit 165 points. (Reversed position).

7)      Buy on 28.11.2011 at 11298.Sell on 08.12.2011 at 12125.Profit 827 points. (Reversed position).

8)      Sell on 08.12.2011 at 12125.Buy on 20.12.2012 at 11858.Profit 267 points. (Reversed position).

9)      Buy on 20.12.2012 at 11858.Sell on 26.01.2012 at 12834.Profits 976 points. (Reversed position).

10)   Sell on 26.01.2012 at 12834.Buy on 02.02.2012 at 12700.Profits 134 points. (Reversed position).

11)   Buy on 02.02.2012 at 12700.Sell on 13.02.2012 at 12794.Profit 94 points. (Reversed position).

12)   Sell on 13.02.2012 at 12794.Buy on 16.02.2012 at 12780.Profit 14 points. (Reversed position).

13)   Buy on 16.02.2012 at 12780.Position open till 24.02.2012.

       The results are given here for perusal. Stop losing money. Learn a unique  Trading System which will work on any commodity  and on any time frame. Invest money and time in knowledge and then try to conquer the markets. Without proper knowledge you will be at the mercy of others.Taking advice from others(free tips) is injurious to portfolio health.

      Invest only Rs 6000/- and earn life-long!!!!! 

   Those interested in learning the Unique Trading System can mail me at kbr9121965@yahoo.com.

       Mobile 9870140049 .

     Happy Trading !!!!

LEARN AND EARN(HANDSOME PROFITS) UPDATE 24.12.2012

As you are aware of the various courses offered by me and Advisory Services offered.I would like to update the Unique Trading method designed by me for this current rally of nifty.

1) Buy at open on  21.12.2011 at 4636  Sell at open on 28.12.2011 at 4757 . Profit 121 points.(Reversed Positions)

2) Sell at open at 4757 on 28.12.2011 Buy at open on 4675 on 03.01.2012. Profit 82 points(Reversed Positions)

3) Buy at open at 4675 on 03.01.2012 Sell at open on 4725 on 06.01.2012.Profit 50 points(Reversed Positions).

4) Sell at open at 4725 on 06.01.2012 and bought at same day at 4690.Profit 35 points(Reversed positions)

5) Buy at 4690 on 06.01.2012 Sell at open at 4840 on 12.01.2012.Profit 150 points(Reversed Positions)

6) Sell at 4840 at open on 12.01.2012 Buy at open on 13.01.2012 as system stop loss at 4863.Loss of 23 points(Position not reversed as per system stop loss triggered.)

7)No buy or Sell signal upto 17.01.2012 as per system.Need to have patience while trading and manitain discipline.Money Saved is Money Gained.

8) Buy at open on 17.01.2012 at 4905.The position is on hold as system has not given SELL Signal.

9) Sell at open at 5399.80 on 10.02.2012. Profit 494.80 points(Reversed positions).

10) Buy at open at 5460.60 on 15.02.2012. Stop loss triggered.Loss of 61.20 points.(Position not reversed as per system stop loss triggered.)

11) No buy or Sell signal upto 16.02.2012 as per system.Need to have patience while trading and manitain discipline.Money Saved is Money Gained.

12) Buy at open at 5513.75 on 16.02.2012. Sell on 22.02.2012 as Dynamic Stop loss as per system generated at 5565.30. Profits 51.55 points.(Reversed Position).

13) Sell position open from 22.02.2012.

14) Total Profits = 900.15 points till 22.02.2012.

The results are given here for perusal.Stop losing money.Learn a unique Trading System which will work on any commodity  and on any time frame.Invest money and time in knowledge and then try to conquer the markets.Without proper knowledge you will be at the mercy of others.Taking advice from other(free tips) is injurious to portfolio health.

Invest only Rs 6000/- and earn life-long!!!!!

Those interested in learning the Unique Trading System can mail me at kbr9121965@yahoo.com.

Mobile 9870140049.

Happy Trading !!!!

Nifty View for 27.02.2012

Nifty has moved in our view and touched nearly the 5400 level on spot nifty.The 5400 level is critical for spot nifty so Mondays open will set the trend for the week.A weak opening below 5400 level will portend further weakness.If open gap up then we may see consolidation in range of 5425-5625.A retracement to 5525 level on spot will be ideal for nifty to gather strength.The ADX shows the positive and negative DI converging and the momentum slightly turning downwards which says to remain cautious.As we said no longs yet till we move above 5625.Hope readers must have profited from our view with 5400 level achieved.Nifty premiums are always high whenever roll-over starts for next series and beginning of fresh series.One can use the same for writing options and encash the time value if one is sure about the direction of Mr. Market.So next week can be interesting to build up positions for the series.Intraday Traders can look at the levels given below on spot nifty to trade on 27.02.2012.

Spot Nifty levels for intra-day trade on 27.02.2012
No trade between 5411 and 5448(to avoid whipsaws)
Buy above 5448 with SL of 5428 
for targets of 5466-5485(breakout  level on the upside,add positions) 5503-5522-5540-5559-5577-5596.

Sell below 5411 with SL of 5431 
for targets of 5392-5374(breakdown level on downside, add positions)-5356 -5338-5320- 5302- 5283-5264.

Happy Trading !

Nifty View for 24.02.2012

Nifty was in a range today of 70 odd points and made a new low at 5460.80 on the spot.The expiry saw profit booking but yet it was profitable to traders who could buy on dips.The short term trend is down with nifty making a lower low and lower high.We are still in contention for the target of 5400 from where we may get some clues of further move.The ADX indicator is converging and the momentum is flat.Breakout on the either side will decide the trend.Intraday traders can look for levels below for trade on 24.02.2012.

Spot Nifty levels for intra-day trade on 24.02.2012
No trade between 5465 and 5502(to avoid whipsaws)
Buy above 5502 with SL of 5482 
for targets of 5520-5538(breakout  level on the upside,add positions) 5556-5574-5792-5610-5628-5646.

Sell below 5465 with SL of 5485 
for targets of 5447-5429(breakdown level on downside, add positions)-5411 -5393-5375- 5357- 5339-5321.

Happy Trading !

Nifty View for 23.02.2012

What a day of volatile trade on nifty and a huge fall wiping out 100 points .On the charts fibonacci levels shown are being respected by markets.If the downtrend continues then the next level to watch will be 5400 on break of 5500.The ADX has shown signs of weakness after being resilient for a long time.Positionally we are stopped out at 5565 with a loss of 20 points on spot nifty with entry at 5585.We will wait and watch for further clues from markets.Tomorrow's expiry can be volatile if today is any indication.The bias is negative below 5565 our stop loss.Till it does not cross this level do not think of longs.Do we reach the 5400 level is to be seen as per fibo levels.Intraday traders can look at levels given below on spot nifty to trade on 23.02.2012.

Spot Nifty levels for intra-day trade on 23.02.2012
No trade between 5487 and 5524(to avoid whipsaws)
Buy above 5524 with SL of 5504 
for targets of 5542-5561(breakout  level on the upside,add positions) 5580-5598-5617-5636-5655-5673.

Sell below 5487 with SL of 5507 
for targets of 5468-5450(breakdown level on downside, add positions)-5431 -5413-5394- 5376- 5358-5340.

Happy Trading !

Nifty View for 22.02.2012

Nifty made a new high today and also gave a close above 5600 which a positive for it.On the chart the fibonacci retracement from bottom of March 2009 to November 2010 shows we are above the 78.6% level.So on the upside we are positive above this level of 5524.If we sustain above this level we may move further on the upside to 5700-5750.Positionally we are long on nifty at 5585 with sl of 5565 for targets of  5660-5700.Spot nifty was above this level for one month between late June 2011 to late July 2011.But the ride was bumpy for nifty.Prior to that this very level breakout had provided momentum to nifty on two occasions i.e.Sept 2010 and March 2011.Here we are at the same level after nearly a year again.After such a prolonged up move it will definitely take more time to form a reversal on the index.So do not rush to short yet.Intraday traders can look at levels on spot nifty to trade for 22.02.2012 given below.

Spot Nifty levels for intra-day trade on 22.02.2012
No trade between 5589 and 5626(to avoid whipsaws)
Buy above 5626 with SL of 5606 
for targets of 5645-5664(breakout  level on the upside,add positions) 5682-5701-5720-5739-5758-5777.

Sell below 5589 with SL of 5609 
for targets of 5570-5552(breakdown level on downside, add positions)-5533 -5514-5495- 5477- 5458-5540.

Happy Trading !.

Nifty View for 21.02.2012

Nifty has touched an high above 5600 which is very significant for it.Next target could be 5660-5700 on the radar.Foe this to achieve it should sustain above 5600 and first should close above it.The last session saw some profit booking so we closed below 5600.On the fibo fan the 5575 level is important as it demarcates the 61.8% level above which we could attain higher targets.Positional traders can be long above 5585 with stop loss of 5565 with targets of 5660-5700.Intrday traders can look at the levels given below for trade on spot nifty for 21.02.2012.

Spot Nifty levels for intra-day trade on 21.02.2012
No trade between 5546 and 5584(to avoid whipsaws)
Buy above 5584 with SL of 5564 
for targets of 5602-5620(breakout  level on the upside,add positions) 5638-5656-5674-5692-5710-5738.

Sell below 5564 with SL of 5584 
for targets of 5548-5530(breakdown level on downside, add positions)-5512 -5492-5474- 5456- 5438-5420.

Happy Trading !

Nifty View for 17.02.2012

Nifty was volatile yesterday after a gap up rally.So it can be consolidation again as prices are covering huge targets in a single day with gap ups leaving retail participants out with disbelief.So only those with positional views have been profiting in this rally and making use of the gap-ups on nifty.Our positional call of 5600-5625 has hit stop loss at 5525 yesterday.So we are out of markets with profit of 100 points as we had initiated positional buy at 5425.We have been stop lossed once with a stop loss of 20 points.Second entry was profitable with net gain of 80 points.Positional traders we can enter again at 5525 with targets of 5600-5625 with stop loss of 5505.One can enter again at same levels if stop loss again.A break-out above 5575 can lead to higher targets of 5900 as shown in charts.But one needs to have patience and monitor trades as per the situation.So do not rush to buy out of money calls.Always work in the money options where you derive sure profits if your entry is correct.Trend is clearly up as shown by Force Index see the last spurt on it.The GMMA cluster of averages is showing that the short term averages clearly above the long term averages and both the groups pointing upwards.As per the fibo fans there could be consolidation between the range of 5300-5600 i.e. 50% to 61.8% levels.One needs to monitor this zone for further clues.The PSAR level comes to 5376 which will be provide further clue.Intrday traders can look at levels given below for spot nifty to trade on 17.02.2012.

Spot Nifty levels for intra-day trade on 17.02.2012
No trade between 5503 and 5540(to avoid whipsaws)
Buy above 5540 with SL of 5520 
for targets of 5560-5578(breakout  level on the upside,add positions) 5596-5615-5634-5653-5672-5691.

Sell below 5503 with SL of 5523 
for targets of 5485-5466(breakdown level on downside, add positions)-5448 -5429-5411- 5393- 5374-5356.

Happy Trading !

Nifty View for 16.02.2012

Nifty has given a breakout on the upside and the dream run continues on it.It was gap up and nifty was relentless on the upside.The level of 5550 nearly reached by spot nifty.Positional traders have been in profits if taken long with our view.Targets for spot can be 5600-5625.Keep stop loss on the positional call at 5525 .Intraday traders can look at the levels on spot nifty given below to trade on 16.02.2012.

Spot Nifty levels for intra-day trade on 16.02.2012
No trade between 5513 and 5551(to avoid whipsaws)
Buy above 5551 with SL of 5531 
for targets of 5569-5588(breakout  level on the upside,add positions) 5607-5625-5644-5663-5682-5701.

Sell below 5513 with SL of 5533 
for targets of 5495-5476(breakdown level on downside, add positions)-5458 -5439-5421- 5403- 5384-5366.

Happy Trading ! 

Nifty View for 15.02.2012

Spot Nifty has again been spiked up in the late hours of trading with a higher close at 5416.05 nearly 4 points higher then close on 09.02.2012.We closed today at the higher end of the consolidation zone of 100 points roughly from 5320 to 5420 for the spot nifty.Nifty has been resilient through out this consolidation.Its making higher top and higher bottoms to keep the trend alive.So one can say its been been buy on dips for the nifty.Those who could follow this have profited immensely.The fibo fans on charts show the clusters of price action for the move.Break above the 61.8% level of fibo fan will take spot nifty still higher as shown in chart.Keep a watch on the action there to get clues on the nifty.Our positional call on spot nifty is activated today again.Keep stop loss of 5405 with targets given earlier.Intraday traders can look at levels given below on spot nifty to trade on 15.02.2012

Spot Nifty levels for intra-day trade on 15.02.2012
No trade between 5398 and 5435(to avoid whipsaws)
Buy above 5435 with SL of 5405 
for targets of 5453-5472(breakout  level on the upside,add positions) 5490-5509-5527-5546-5564-5583.

Sell below 5398 with SL of 5418 
for targets of 5380-5361(breakdown level on downside, add positions)-5343 -5324-5306- 5288- 5270-5252.

Happy Trading !

Nifty View for 14.02.2012

Nifty has been consolidating for last few days and within the range.Its testing the patience of intraday and positional players both.This is what happens in markets when price reaches earlier than time and excesses if any in prices do get corrected to adjust the time cycles.This is an excellent example for the said phenomenon.Well with each day passing its like the correction will happen next day or will happen very soon.So no one is to be blamed for the same as markets have their own ways and act accordingly.What is currently needed is to find the right method with which one can adopt to the market and be even with it.Positional traders need to have patience.In the above chart the resistance and support levels are shown with the symmetry.One look can at it for some clues.Now till we break out of this range no momentum can be witnessed.Try to go with the breakout as when it happens with suitable stop loss as things can turn volatile.Intraday traders can look at the levels given below for trade on 14.02.2012 for spot nifty.

Spot Nifty levels for intra-day trade on 14.02.2012
No trade between 5372 and 5408(to avoid whipsaws)
Buy above 5408 with SL of 5388 
for targets of 5426-5443(breakout  level on the upside,add positions) 5461-5479-5496-5518-5536-5554.

Sell below 5372 with SL of 5392 
for targets of 5355-5337(breakdown level on downside, add positions)-5319 -5301-5284- 5266- 5249-5232.

Happy Trading !

Nifty View for 13.02.2012

Nifty has given a negative close after a positive close above 5400 on Thursday.The price action has turned slightly negative today but needs further confirmation.We could make a new high today with the gap down open which is commendable for nifty.Still a weekly close above 5350 on spot nifty is good for the trend.On downside we are making bottoms around the 5320-5340 levels.So this makes it important level of 5315 to watch for spot nifty.Till we are above this levels we can buy on dips.Break of 5315 will confirm the short term down move as the earlier gap of 100 points is acting as support.Breach of this level on spot nifty can quickly wipe of 100 points as this is faster retracement zone.Positional traders have been saved the agony of sideways move as we missed the level by 3 points yesterday but we have been stop lossed today by 20 points at 5405 breaching as our buy was above 5425.So we need more clarity on move to take fresh positions.On the ADX indicator we are seeing the positive DI moving downwards which is first sign of weakness.But the momentum indicator is up and also negative DI is also down.Look for reversal in both to confirm the move.Intrday traders can look for the levels given below for spot nifty to trade on 13.02.2012.

Spot Nifty levels for intra-day trade on 13.02.2012
No trade between 5363 and 5400(to avoid whipsaws)
Buy above 5400 with SL of 5380 
for targets of 5418-5436(breakout  level on the upside,add positions) 5454-5471-5489-5506-5526-5544.

Sell below 5363 with SL of 5383 
for targets of 5345-5327(breakdown level on downside, add positions)-5309 -5291-5274- 5256- 5239-5222.

Happy Trading !

NIFTY VIEW FOR 10.02.2012

Nifty has given a close above 5400 which indicates the inherent strength of the move.Today another swing high was made by spot nifty at 5423.40 and close the shops at 5412.50.This is an reassuring close for spot nifty and the dream run continues for the bulls.This is how sentiments work in markets.From an extreme bearish to extreme bullish and this is the very phenomenon which determines the prices of stocks.Positional traders did not have chance to go long  as the call was buy above 5425 which was missed today.Intraday traders have made some profits today at it was buy above 5387 and our second target was achieved at 5422.Hope readers enjoyed it.Positional traders can buy above 5425 for targets of 5523-5542 with stop loss of 5405.One should buy again if crosses above 5425 after hitting stop loss of 5405.ADX is still strong with the momentum indicator headed up and -DI negative one headed down.The positive +DI should show some momentum for the move to continue ahead.

Spot Nifty levels for intra-day trade on 10.02.2012
No trade between 5394 and 5431(to avoid whipsaws)
Buy above 5431 with SL of 5411 
for targets of 5449-5468(breakout  level on the upside,add positions) 5486-5504-5523-5542-5560-5579.

Sell below 5394 with SL of 5414 
for targets of 5376-5358(breakdown level on downside, add positions)-5340 -5322-5305- 5288- 5270-5253.

Happy Trading !

Nifty View for 09.02.2012

Nifty has given a positive close after a negative close yesterday but was not able to cross the earlier high.This movement of spot nifty lacks clarity on the move.It should close above the 5400 mark on the spot to prove the trend.Also today was an inside day which makes it important tomorrow to watch it carefully.Breakout on either side will confirm the move.It should close above 5400 for up move and close below 5315 for down move.In between is a range of indecision.So positional traders need to sweat out till clarity is attained on spot nifty.In the chart support for the down move if it comes below 5315 comes to 5275 and below which we are again the downward channel.Intraday traders can look at the levels given below on spot nifty to trade on 09.02.2012.

Spot Nifty levels for intra-day trade on 09.02.2012
No trade between 5350 and 5387(to avoid whipsaws)
Buy above 5387 with SL of 5367 
for targets of 5404-5422(breakout  level on the upside,add positions) 5440-5458-5476-5494-5512-5530.

Sell below 5350 with SL of 5370 
for targets of 5332-5314(breakdown level on downside, add positions)-5297 -5280-5263- 5246- 5229-5212.

Happy Trading !

Nifty View for 08.02.2011

Nifty opened with a gap up today at 5412.95 made a high of 5413.15 and closed at 5335.15.The spot nifty could not sustain the high today and finally broke below yesterdays close to give a negative close at 5335.15.Nifty could sustain above 5390 twice which makes it a important resistance now.It should close above it to maintain the upswing.Today we have made a lower low i.e. below yesterday's low which is important.So below 5322.50 we may continue on the downside.On the upside we need to watch 5390.On chart I have marked some important levels for the current move on nifty.Positional traders have been stop lossed today at 5355.So we are neutral on the market with no open positions.Hope positional traders have enjoyed the profits.Positionally one can be short below 5315 with strict stop loss of 5335 for targets of 5220.On the upside we can be long above 5425(if it comes) for a target of 5525-5600 as and when it comes.Intraday traders can look at levels given below on spot nifty for trading on 08.02.2012.

Spot Nifty levels for intra-day trade on 08.02.2012
No trade between 5317 and 5354(to avoid whipsaws)
Buy above 5354 with SL of 5334 
for targets of 5372-5390(breakout  level on the upside,add positions) 5408-5436-5454-5471-5489-5507.

Sell below 5317 with SL of 5337 
for targets of 5300-5282(breakdown level on downside, add positions)-5265 -5248-5231- 5214- 5197-5180.

Happy Trading !

Nifty View for 07.02.2012

Nifty opened with a gap up today but could not sustain it and closed at 5361.65 after making a high of 5390.50.The day was full of up and downs but the close was positive above Fridays close.So another positive close on spot nifty.We are now reaching our target of 5400 given earlier.The chart shows the fibo levels for the top of Nov 2010 with the 50% level at 5432.The band of 5400-5432 will offer some resistance.This levels need to be watched carefully for any reversal to happen.Positional players can look to book profits at the 5400-5432 level and wait for further clarity on the move.The stop loss for the positional call can be placed at 5355.Intraday traders can look for the levels on spot nifty given below to trade on 07.02.2012.

Spot Nifty levels for intra-day trade on 07.02.2012
No trade between 5343 and 5380(to avoid whipsaws)
Buy above 5380 with SL of 5360 
for targets of 5398-5417(breakout  level on the upside,add positions) 5435-5452-5470-5487-5505-5522.

Sell below 5343 with SL of 5363 
for targets of 5325-5307(breakdown level on downside, add positions)-5290 -5278-5261- 5243- 5225-5208.

Happy Trading !

Nifty View for 06.02.2012

Nifty has crossed the 5300 marked comfortably today and given a good weekly close at 5325.Nifty has also achieved our intermediate positional target of 5315.Closing above our positional target gives nifty a chance to try the level of 5400.For that it needs to sustain above 5315.Break of 5300 will exhibit first sign of weakness for nifty.Those who are long positionally can keep stop loss of 5300 for longs.They can also enter again above 5315 if it comes up again after breach of 5300 keeping the same stop loss of 5300 again.Chart shows potential fibo targets both upwards and also downwards.Keep trailing stop loss for all longs as per your risk as the down move if it comes will be very swift and possibly sizeable.Follow the trend do not question the trend "How Long" and "How much" and let the trend decide when it will reverse.Intraday traders have also been in good profits in today's move.For Monday intraday traders can look for the levels on spot nifty given below.

Spot Nifty levels for intra-day trade on 06.02.2012
No trade between 5308 and 5344(to avoid whipsaws)
Buy above 5344 with SL of 5324 
for targets of 5362-5381(breakout  level on the upside,add positions) 5399-5417-5436-5454-5473-5491.

Sell below 5308 with SL of 5328 
for targets of 5290-5272(breakdown level on downside, add positions)-5253 -5235-5216- 5199- 5181-5163.

Happy Trading !

Nifty View for 03.02.2012

Nifty is still making new highs everyday which is showing the strength of the move.It is making higher top and higher bottoms so the trend is up.no shorts are to be yet initiated.We are long on spot positionally at 5240 and yet no stop loss is triggered for the call.As mentioned there will swings both ways with high volatility.This phenomenon was observed today for intraday.So trading today would have been a painful experience.I would say we are nearing a level where volatility will rule the market.So work with great care and as per your risk limits.I have said to watch 03.02.2012 as an important date for spot nifty so please be careful.This month till  first week of March 2012 will be a very learning experience for traders.We have a target of 5315 on spot nifty for positional call.We have achieved 5290 yet so those who could book would have in profit.As I had mentioned profit booking daily.Intraday traders can look for the levels given below on spot nifty to trade on 03.02.2012.

Spot Nifty levels for intra-day trade on 03.02.2012
No trade between 5254 and 5290(to avoid whipsaws)
Buy above 5290 with SL of 5270 
for targets of 5309-5327(breakout  level on the upside,add positions) 5336-5354-5372-5390-5408-5424.

Sell below 5254 with SL of 5274 
for targets of 5236-5218(breakdown level on downside, add positions)-5200 -5182-5166- 5148- 5130-5122.

Happy Trading !

Nifty View for 02.02.2012

Nifty has made a new high of this swing at 5244.60 and closed at 5235.70.In this rally the corrections have been minimal compared to the rise.Now if we look at the big picture from top of Nov 2010 we have retraced upto the 38.2% level which is significant.The recovery can be termed as weak.For the recovery to be normal we need to reach the 50% level at 5433 on the spot nifty.Whenever an important fibo level is reached there is natural resistance at that level.So some consolidation is expected at the level of 38.2% with the base being at 23.6% level of 4954.Now do not rush to short the nifty for target of 4954 when I say that.It is expected to consolidated between those two levels.On break above the 38.2% levels we may try to reach the 50% level of 5433.So keep both the options open.On 30.01.2012 I had mentioned to open positional buy call above 5240 with stop loss of 5220.So we are long at 5240 with the stop loss of 5220 positionally.The swings can be both ways at this level as we are important fibo level.The positional entry needs to be monitored vigilantly for the stop loss and entry level even if it is hit many times for safety of capital.I would reiterate we are in a turbulent phase astrologically where we need to be cautious and keeping intraday view will be beneficial .Try to book profits as and when they come and try to come out with small losses after the stop losses are being hit.Above 5240 we may try to reach the level of 5315 on the spot nifty.Intraday traders can look at the levels on spot nifty given below to trade on 02.02.2012.

Spot Nifty levels for intra-day trade on 02.02.2012
No trade between 5218 and 5254(to avoid whipsaws)
Buy above 5254 with SL of 5234 
for targets of 5272-5290(breakout  level on the upside,add positions) 5308-5326-5345-5363-5381-5400.

Sell below 5234 with SL of 5254 
for targets of 5200-5181(breakdown level on downside, add positions)-5164 -5145-5128- 5110- 5092-5074.

Happy Trading !