Nifty Update 09/10/2014

Spot Nifty angles chart updated 09/10/2014.....

Last Updated on 06/10/2014.....

" For intraday i.e. 07/10/2014 Spot Nifty is positive above 7950 level....

With supports on the downside at 7888.15 and 7844.20....

Broad Range for Spot Nifty is between 7800 to 8400 ....... "


For 07/10/2014 spot nifty opened gap down at 7897.45 and we made a high of 7943.05 so no questions of longs intraday. Shorts near the high of 1938 were taken which our course students know. Supports were at 7888.15 and 7844.20 and low was 7842.70 so both targets were achieved. for intraday. Profits intraday were 7938-7844=94 points.


For 08/10/2014 we again opened gap down at 7828.75 below our angle support of 7840. Our stop loss of 7840 was hit intraday on shorts taken where we reversed the trade to long. We closed above the angle support yet we did not carry the trade next day. So intraday we made small loss.

For 09/10/2014 we opened at 7886.50 as we can see from from chart our angle resistance was at 7886.16. Also the first support level for 07/10/2014 was at 7888.15. We took longs open at 7900 level and our resistance was at 7940.20 and we closed the trade at end of day at 7960. So intraday profits of 7960-7900=60 points. At close of 09/10/2014 we have no open trade.

For 10/10/2014 we have negative bias below 7948 level with supports at 7887 and 7845. Watch the pressure dates given in earlier update for this month.

October 2014 will be very volatile  seeing astrological events for this month too much happening in one month. So be sure of your trades with proper stop loss and money management rules."


Happy Trading !!!