Friday, December 2, 2011

Nifty View for 05.12.2011

What more do you want for today.Buy call executed at 4954 and huge targets achieved till 5043(5050 on close) so nearly 100 points.You needed to just follow it.If you had added to it after the second target then nearly 150 points achieved.Well that's not possible every time but you need to make maximum profits when you are on the right side of the trend.This happen rarely in markets when you can catch it early.This was possible due to astrology and I know it works.I think 05 Dec or 06 Dec may be a turn date for markets as I expect some correction.Book all longs near 5170 and above when it comes and wait for close 5220 to enter again.
Spot Nifty levels for intra-day trade on 05.12.2011
No trade between 5032 and 5068(to avoid whipsaws)
Buy above 5068 with SL of 5048  for targets of 5086-5104-5121-5139-5157-5175-5193-5211.
Sell below 5032 with SL of 5052 for targets of 5015-4997-4979-4961-4944-4927-4909-4892.
Happy Trading !




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6 comments:

  1. neelimaDecember 3, 2011 at 12:19 AM

    Great levels Mr Raut. One more query here...what u feel...5170 wud come first or gap filling wud bring 4850 first ??

    ReplyDelete
  2. Gann School of TradingDecember 3, 2011 at 12:30 AM

    Hi Neelimaji,

    Its like the Hen or Egg first.Sorry its difficult to predict the moves.I can provide the levels and we have to trade as the levels in markets are observed while trading.I am never biased in my trading.Let the market decide the trend for the day.That's why i give no trade levels.This avoids confusion,saves money and gives us the discipline to catch the trend for the day.Sorry I could not answer it but if I am not sure then I will not make any false claim about markets.

    Regards

    K B Raut

    ReplyDelete
  3. VinuDecember 5, 2011 at 10:06 AM

    good work ...and it s a pleasure to see Gann angles in your chart

    ReplyDelete
  4. neelimaDecember 5, 2011 at 12:19 PM

    Shorts on Nifty already activated according to ur levels....want to see all d targets get hit one by one :)

    ReplyDelete
  5. Gann School of TradingDecember 5, 2011 at 9:00 PM

    Hi Vinu,

    Been following your blog lately and its a pleasure to have you visiting and expressing your views on this blog.Please feel free to mark out the errors.Also Gann Angles or Gann Fan is a tool which I love to use.


    Regards


    K B Raut

    ReplyDelete
  6. Gann School of TradingDecember 5, 2011 at 9:09 PM

    Hi Neelimaji,

    Keep and maintain the stop loss.Many a times it happen the stop loss may click once,twice or more times.It is part of trading and one needs to follow it.Today was the day of stop losses which has been accepted by me gracefully as it is part of discipline.One need to be humble in markets and take the small losses as when they come and always look for bigger profits.


    Regards

    K B Raut

    ReplyDelete

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