TRUE GANN ANGLES ON S&P 500

S & P 500 TRUE GANN ANGLES...

Are we reaching a critical juncture for a momentum move ......
Watch the red lines for further clues...

Happy New Year to ALL !!!

Happy Trading !!!

Nifty View for 01.01.2013

Nifty futures today opened with a gap up of 25 points but open and high was same which was seen as an reversal for the day. But the damage done was petty and closed near the Friday's close with a loss of  5 points. One simple advice for the trend players just look for the level of 5898 on the futures at the close for every trading day. If the close is below this pivot level for January series do not carry longs. This a personal advice with safety for your capital.      (" Sar Salamat to Pagdi Pachass ") What you will loose is the profits on the trade but not your capital. But if you hold and it boomerangs on you  then the loss could be unlimited. Why because we had a fantastic run for nearly 1300 points for the index this year. If we get a sudden reversal the initial momentum can be brutal and it may not give you a second chance. Keep booking your profits as and when you see them. In sideways move the profits should be small or you will be hitting stop loss levels regularly and cursing yourself for not taking the profits after seeing them in the morning. After saying that keep in mind the trend is up and there has been no reversal signal seen yet. On charts we can the rising channel still held for the main trend direction. Also sideways channel action is seen for the short term trend. We are at the top end of the small channel. Try to trade the breakout on the upside. Within channel keep small profit targets. On breach of the channel on the downside go short and watch for the breach of the main trend channel on the downside to add/hold the positions. The monthly levels for this series are pivot at 5898.The resistances for the series are at 5975-6052-6129 look for booking for profits as and when they come and try to enter again on sustaining above the levels. The supports for the series are at 5821-5747-5673. Intraday traders can look at the levels on spot nifty given below to trade on Tuesday.

No trade between 5886 and 5924(To avoid whipsaws)

Buy above 5924 sl of 5904

targets 5943-5962(add positions, breakout on the upside),

5981-6000-6019-6038-6057.

Sell below 5886  sl of 5906

targets 5867-5848(add positions,breakout on the downside)

5829-5810-5791-5772-5753.

Happy Trading !!!

Nifty Cycle 2012

Spot Nifty Cycle 2012 .....


Happy Trading !!!

Learn Gann and Astro-trading Techniques

The same spot nifty chart with different harmonics depending upon the time perspective you can generate the desired levels...
Work with precision...


Happy Trading !!!

Learn Gann and Astro-trading Techniques

This a chart with harmonics of major planets showing price

 and time dynamics for spot nifty. One can observe the price

 levels carefully to get the desired levels and vertical lines 

the culmination points times wise with respect to the aspect 

formed between the planets considered here. 

This is what we learn in the course for Gann and  Astro 

trading techniques....

For details please contact at kbr9121965@yahoo.com.

Hurry the courses are offered at 2012 prices upto 31 Jan 

2013 and thereafter new course structure with 2013 fees...

Happy Trading !!!

S & P 500 in Current Scenario 28.12.2012

Above chart is a daily chart for S & P 500. On price action we have bollinger bands with 200 ema as the central band with two standard deviations above and below it. The 200 ema is at 1385 and upper band at 1478 and lower band at 1293. The current price action is between the range of 1385 to 1445 as the upper band and lower bands. So till the prices are above the level of 1385 we have chances of recovery on the index. The pivot of the band of 60 points is at 1415. The short term trend is down as the price is below this pivot of 1415 with potential to hit 1385. Three sets of indicator is used to supplement the study of price action with standard parameters. The 14 day RSI is below the level of 55 which is negative for the trend. If we observe the past action there was consolidation between the band of 55 to 68 on RSI. The top came around the level of 68 on RSI. For any new high the level of 68 on RSI is to be crossed. The trend to gather strength the RSI should again oscillate between 55 to 68 level. Next is MACD which is very dynamic as it has no boundaries for oscillation and depicts the true picture. For signals we can use the histogram and signal crossovers as shown by arrows. The signal is above the zero level and the histogram is near the zero level. It has given a negative crossover so the trend is down. Last is MFI(Money Flow Index) 14 days which gives early signal and divergences. Currently we see the divergence working marked by the red arrows. MFI is near its support zone breach of it will accelerate the down trend. To sum it up the breakout on the positive side can happen only above 1445. Breakout on the downside can happen below the level of 1385. In between this range we can play the channel for bread and butter trades.

Happy Trading !!!

Nifty View for 31.12.2012

For nifty futures a range bound play has been the norm for the last month. Same trend continued today we had range bound action of 30 points. Only convincing was the close of 5955.50 at the top end of the range. The indicators do not show the price strength as they are below their highs and price is at upper end of the channel. But price is supreme but one can be cautious if it does not break out of the range on Monday. Time-wise consolidation seems to over so we may see definitive action for this series very soon. This is a time to take action after thorough research before any commitment as we are lacking the momentum. The last series closed in the neutral zone and could not capitalize the initial momentum. On charts it could not reach the top of the channel and we are slowly progressing to the bottom of the channel in a sideways move. The time period when we are near to this bottom of the channel will be critical for the markets. If we progress without a breakout in the same sideways fashion we may come to the bottom of the channel at the end of this expiry or first week of February expiry. Positional traders have the levels of 5898 to watch for longs with suitable stop loss for this series. Intraday traders can look at the levels on spot nifty given below to trade on Monday.

No trade between 5889 and 5928(To avoid whipsaws)

Buy above 5928 sl of 5908

targets 5947-5966(add positions, breakout on the upside),

5985-6004-6023-6042-6061.

Sell below 5889  sl of 5869

targets 5870-5851(add positions,breakout on the downside)

5832-5813-5794-5775-5756.

Happy Trading !!!

Nifty View for 28.12.2012

Nifty futures for January series opened with a bang and looked promising for the day. But the rally fizzled from the open and closed the day at 5930.30. For December series the open was at 5971.90   (not many must have remembered the opening price) high was 6002.85 and low was 5838.05. We closed the series at 5870.10 a negative close of 100 points. So the momentum has been lost at the end of the series. For January series the pivot level is at 5898. The resistances for the series are at 5975-6052-6129. The support for the series is at 5821-5747-5673. Now sustaining above the level of 5898 is critical for the trend. Any dips or close below 5898 will be detrimental for the trend. Positional traders can use this level for longs with suitable stop loss. Intraday traders can watch the levels on  nifty futures given below to trade on Friday.

No trade between 5897 and 5935(To avoid whipsaws)

Buy above 5935 sl of 5915

targets 5954-5973(add positions, breakout on the upside),

5992-6011-6030-6049-6068.

Sell below 5897  sl of 5877

targets 5878-5859(add positions,breakout on the downside)

5840-5821-5802-5783-5764.

Happy Trading !!!

Nifty View for 27.12.2012

Nifty futures today recovered the losses of the last two days and closed above the 5900 mark to close at 5914.50. Today futures had to stay above 5858 and cross 5898 which it did cross. Above 5898 we had a resistance of 5928 and today's high was 5926.45. So the level of 5928 becomes important for tomorrow. For the trend to continue it should cross 5928 above it we have the range resistance of 5950. For tomorrow it should stay above 5898 to be positive and below it will be negative. So levels to be watch are 5928 and 5950 on the upside and 5898-5858 on the downside. Intraday traders can look at the levels on spot nifty given below to trade on Thursday for the expiry of December series.

No trade between 5886 and 5925(To avoid whipsaws)

Buy above 5925 sl of 5905

targets 5944-5963(add positions, breakout on the upside),

5982-6001-6020-6039-6058.

Sell below 5886  sl of 5866

targets 5867-5848(add positions,breakout on the downside)

5829-5810-5791-5772-5753.

Happy Trading !!!

Nifty View for 26.12.2012

Nifty futures again moved in a narrow range as we near the expiry diminishing the options premiums. The close was a gain of 15 points on Fridays close at 5868.00. Currently we are at the bottom of the range of 5840 to 5950. Breaching the monthly pivot of 5821 may lead us to 5747 levels. On the upside level to watch is 5898-5928-5950. For Monday we saw it above the level of 5858 but could not cross the 5898 level.  For Wednesday staying below 5858 will be negative for the futures and crossing 5898 will be positive. Intraday traders can look at the levels on spot nifty given below to trade on Wednesday.

No trade between 5837 and 5875(To avoid whipsaws)

Buy above 5875 sl of 5855

targets 5894-5913(add positions, breakout on the upside),

5932-5951-5970-5989-6008.

Sell below 5837  sl of 5857

targets 5818-5799(add positions,breakout on the downside)

5780-5761-5742-5723-5704.

Happy Trading !!!

Nifty View for 24.12.2012

Nifty futures opened gap down and continued its journey towards correction to make a bottom at 5847.40 and close the week at 5853.40. This is the lowest close for the series with the low for the series at 5838.05. The monthly pivot for this series was at 5821 which is the last support for this fall. Below this level the trend will be in danger. Below 5821 the next support is at 5747 and resistance is at 5898. For Monday it should cross 5859 for any recovery to happen and staying below this level may see more correction. On charts we are nearing the rising channel bottom in yellow colour and the aqua line looks the support. Closing below the aqua and then yellow channel may see some panic creeping in. The close is important and not intraday breach. Intraday traders can look at the levels on spot nifty given below to trade on Monday. Tuesday being holiday no updates will be provided.

No trade between 5829 and 5867(To avoid whipsaws)

Buy above 5867 sl of 5847

targets 5886-5905(add positions, breakout on the upside),

5924-5943-5962-5981-6000.

Sell below 5829  sl of 5849

targets 5810-5791(add positions,breakout on the downside)

5772-5753-5734-5715-5696.

Happy Trading !!!

Nifty View for 21.12.2012

Nifty Futures had a subdued day and moved within the Wednesday's range. The expiry players are into play but do we get the explosive expiry like November series is to be seen. The range of Wednesday between 5838 and 5950 is the range to watch ahead for breakout or breakdown. Nifty futures did not cross the 5950  level today and closed the gap of yesterday to mark a intraday correction. The close of today is yet heartening for the bulls as its near to 5928 level. For Friday if it sustains above 5950 we may see the upmove to continue and sustaining below 5928 will see some more corrective to sideways move . Intraday traders can look at the levels on spot nifty given below to trade on Friday.

No trade between 5897 and 5936(To avoid whipsaws)

Buy above 5936 sl of 5916

targets 5955-5974(add positions, breakout on the upside),

5993-6012-6031-6050-6069.

Sell below 5897  sl of 5917

targets 5878-5857(add positions,breakout on the downside)

5836-5815-5796-5777-5758.

Happy Trading !!!

S&P500 in Current Scenario...19.12.2012

S & P 500 has resistance at 1445 level......above it can challenge the earlier highs...
Level to watch below it are 1426 as pivot...
Below 1407 trend is in jeopardy.....

Happy Trading !!!!

Nifty View for 20.12.2012

Nifty futures opened with a gap to make a high of 5961.40 and then moved sideways to close at the price of 5942.50. But has a left a gap of 6 points with this positive close. On charts it looks positive with promise to carry on the upside barring any surprises as we are nearing the expiry with option writers at their best. We need to take out the high of 6002.85 as possible to keep the momentum on for the upside. Intraday traders can look at the levels on spot nifty given below to trade on Thursday.

No trade between 5910 and 5949(To avoid whipsaws)

Buy above 5949 sl of 5929

targets 5968-5987(add positions, breakout on the upside),

6006-6025-6044-6063-6082.

Sell below 5910  sl of 5930

targets 5891-5872(add positions,breakout on the downside)

5853-5834-5815-5796-5777.

Happy Trading !!!

Nifty View for 19.12.2012

Nifty futures had given a false breakdown today after making a low of 5838.05 and then a short covering rally was seen till the end of the day. On charts it did breach the aqua channel but recovered immediately to close positively for the day at 5930.90. The divergence was seen on the indicators and could have saved the day for intraday players. Now we need to sustain above the 5928 level and cross the today's high of 5950 to challenge the 6000 level again. Above 6000 level we have 6052 and 6129 to be watched. Intraday traders can look at the levels on spot nifty given below to trade on Wednesday.

No trade between 5878 and 5916(To avoid whipsaws)

Buy above 5916 sl of 5896

targets 5935-5954(add positions, breakout on the upside),

5973-5992-6011-6030-6049.

Sell below 5878  sl of 5898

targets 5859-5840(add positions,breakout on the downside)

5821-5802-5783-5764-5745.

Happy Trading !!!

Nifty View for 18.12.2012

Nifty futures could not cross the Friday's high of 5922.80 and reversed from the intraday high of 5907.70. But coming down has not broken Fridays low of 5871.90 and closed at 5889.35 with a loss of nearly 25 points. The December series opened at 5891.10 and the low was at 5868.05. The low made in this correction below this low at 5865.30 and we are currently above it. One should keep this low in mind for judging the trend. The level of 5928 is critical for futures to make any significant recovery. The positive close on Friday did not give impetus to the trend which is moving sideways. Still on charts we are at the lower end of the aqua channel and nearing the yellow channel bottom by moving sideways. Last recovery started by breaching the yellow channel intraday. Now we need watch the action of futures near this yellow channel bottom for further clues. Indicators are also sideways and no divergence is observed yet so things are quiet on the index. Intraday traders can look at the levels on spot nifty given below to trade on Tuesday.

No trade between 5839 and 5877(To avoid whipsaws)

Buy above 5877 sl of 5857

targets 5896-5915(add positions, breakout on the upside),

5934-5953-5962-5981-6000.

Sell below 5839  sl of 5859

targets 5820-5801(add positions,breakout on the downside)

5782-5763-5744-5725-5706.

Happy Trading !!!

Nifty View for 17.12.2012

Nifty futures moved in a range of 50 points on Friday and closed above the 5900 level at 5918.60. The close on Friday is at the higher end of the range which is positive. The current expiry range for nifty is between 5750 to 6150 and anything above or below would be considered as breakout. A move above 5950 is positive and could target up to 6150.A move below 5950 could target up to 5750. On futures charts we see that the indicators have moved out of the channel. Also the price action is within the aqua channel which is showing sideways move any breach will turn negative for futures. The yellow channel is showing a rising trend which is the main trend. If we are looking at the short term trend the voilet channel is being broken by price at the close on Friday. So on charts price action looks positive as long as the voilet rising line and thereafter the yellow rising line is held by it.

No trade between 5860 and 5899(To avoid whipsaws)

Buy above 5899 sl of 5879

targets 5918-5937(add positions, breakout on the upside),

5956-5975-5994-6013-6032.

Sell below 5860  sl of 5880

targets 5841-5822(add positions,breakout on the downside)

5803-5784-5765-5746-5727.

Happy Trading !!!

Nifty View for 14.12.2012

Nifty futures opened with a small gap up but could not sustain and was negative for the day to close at the lower end of the range. The close was at 5878.75 after making a low at 5865.35. On charts of nifty future we see it retracing from the top of channel after being unable to stay decisively above it. Now if it sustains below todays low then it may try to hit the channel bottom which may be near to 5800-5820 as we have observed for last two days. Both the indicators are moving in a channel so no surprises yet there. Nifty futures need to stay above 5939 for more positiveness. Trend players need to wait for suitable opportunity. Intraday traders can watch the levels on spot nifty given below to trade on Friday.

No trade between 5832 and 5871(To avoid whipsaws)

Buy above 5871 sl of 5851

targets 5890-5909(add positions, breakout on the upside),

5928-5947-5966-5985-6004.

Sell below 5832  sl of 5852

targets 5813-5794(add positions,breakout on the downside)

5775-5756-5737-5718-5699.

Happy Trading !!!

Nifty View for 13.12.2012

Nifty futures today opened with a gap up and then closed the gap and moved in 40 point range to close with a small loss from yesterday's close. Nifty futures should sustain above the level of 5936 for further gains. Below 5936 it is susceptible to more correction and can fall to 5820 levels on further weakness. So keeping positions light and small profit targets are the norm of the day on sideways movements. Positional traders need to wait for right opportunity. Intraday traders can look at the levels on spot nifty to trade on Thursday.

No trade between 5870 and 5908(To avoid whipsaws)

Buy above 5908 sl of 5888

targets 5927-5946(add positions, breakout on the upside),

5965-5984-6003-6022-6041.

Sell below 5870  sl of 5890

targets 5851-5832(add positions,breakout on the downside)

5813-5794-5775-5756-5737.

Happy Trading !!!

S&P 500 Murrey Maths Levels 11.12.2012

Levels to watch on Daily Chart are 1437.50 as resistance and 1406.25 as support.
Breakout will be any move out of this trading range....


Happy Trading !!!

Nifty View for 12.12.2012

Nifty futures made a new high at 6002.85 and then on profit booking gave up the gains to close at 5931. On charts the divergence on both indicators seems to have worked out for the short term. The channels on both price and indicators needs to be watched for further clues on short term trend. This is the second time that profit booking has come at higher levels making it suspect for distribution happening at higher levels or regular profit booking at higher levels. The price channel bottom is at 5800-5820 levels on chart so we could come to this level if correction sustains further. Let us revise the monthly levels for December series. The pivot was at 5821(can see correction up to this level and trend can turn down below this level for the series, so keep watch on this levels).The resistances above the pivot where at 5898-5936-6052. So 6052 is the third resistance level to be watched in future. So above 6000 we have 6052-6129 to be watched. Intraday traders can look at the levels on spot nifty given below to trade on Wednesday.

No trade between 5880 and 5918(To avoid whipsaws)

Buy above 5918 sl of 5898

targets 5937-5956(add positions, breakout on the upside),

5975-5994-6013-6032-6051.

Sell below 5880  sl of 5900

targets 5861-5842(add positions,breakout on the downside)

5823-5804-5785-5766-5747.

Happy Trading !!!

Nifty View for 11.12.2012

Nifty futures had a quiet day for the start of the week and was nearly at the same level at the end of the day. For intraday players it was a day of stop losses being hit on a regular interval. The range  from 5850 to 5950 is the zone of consolidation and could be used by intraday players for quick trades. Anything above this and below this range couls be used by positional players to make some money. The levels are the same given in earlier posts for both intraday and positional players. So there is nothing to write home about in sideways moves which can be sometimes frustrating for both analysts and traders alike.

No trade between 5890 and 5928(To avoid whipsaws)

Buy above 5928 sl of 5908

targets 5947-5966(add positions, breakout on the upside),

5985-6004-6023-6042-6061.

Sell below 5890  sl of 5910

targets 5871-5852(add positions,breakout on the downside)

5833-5814-5795-5776-5757.

Happy Trading !!!

Nifty View for 10.12.2012

Nifty futures had open at 5979.95 which was the high for the day and it progressed down for the day and closed the day at 5930.10 nearly 50 points down from the high. This shows some profit booking after the fantastic run on it. The Conservative for this bull run was 5922-5950 which was achieved and anything above this is bonus points. Traders who need to score bonus points on the index should do with regular profit booking and with strict stop loss. This is my personal view so please use your own discretion. On future charts we are playing with the top of internal channel closing above it and below it. Currently we are below it. The divergence on both the indicators played out with nearly 100 point correction. Still there is some divergence at Friday's close. Lets see how it works on next week. One needs to watch Friday's low below which the divergence will play out effectively. Stop loss for this run was 5928 which was breached intraday and we again closed above it. So below 5928 we may see more correction for the trend players. Intraday traders can look at the levels on spot nifty given below to trade on Monday. 

No trade between 5888 and 5927(To avoid whipsaws)

Buy above 5927 sl of 5907

targets 5946-5965(add positions, breakout on the upside),

5984-6003-6022-6041-6060.

Sell below 5888  sl of 5908

targets 5869-5850(add positions,breakout on the downside)

5831-5812-5793-5774-5755.

Happy Trading !!!

Nifty View for 07.12.2012

Nifty futures closed in green with a gain of 40 points to close at 5980.80 amid huge intraday volatility  The resistance of 5975 was taken out and also closed above the intermediate channel. The next target is 6052 above 5975. The weekly close for nifty is important for the trend to continue. Intraday traders can look at the levels on spot nifty levels given below to trade on Friday.

No trade between 5912 and 5950(To avoid whipsaws)

Buy above 5950 sl of 5930

targets 5969-5988(add positions, breakout on the upside),

6007-6026-6045-6064-6083.

Sell below 5912  sl of 5932

targets 5893-5874(add positions,breakout on the downside)

5855-5836-5827-5808-5789.

Happy Trading !!!