Tuesday, March 20, 2012

Nifty View for 21.03.2012

Nifty opened gap down but covered the gap soon and closed positively.Nifty took time for consolidation today by moving up and down.Still in a range of 5250-5350 to take positional views.Its been a day for day traders with a holiday for positional traders.Still a lower top and lower bottom does not make it positive yet.Above chart shows nifty futures with relative zones for trading.Intraday traders can look at levels on spot nifty given below for trade on 21.03.2012.

Spot Nifty levels for intra-day trade on 21.03.2012
No trade between 5257 and 5293(to avoid whipsaws)
Buy above 5293 with SL of 5273 
for targets of 5311-5329(breakout  level on the upside,add positions) 5347-5365-5383-5401-5419-5437.
Sell below 5257 with SL of 5277 
for targets of 5239-5221(breakdown level on downside, add positions)5203-5185-5167-5159-5141-5123- 5105.
Happy Trading !


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6 comments:

  1. manteshMarch 21, 2012 at 5:15 PM

    hello sir I'm new to this derivative market, U'r nifty tips on "Learning the nifty" is about option index or future index....? Please give the clarification.....

    Thanks
    U'r Follower

    ReplyDelete
  2. Gann School of TradingMarch 21, 2012 at 11:10 PM

    Hi Mantesh,

    The levels in write above are nifty future.The levels below are on spot nifty.I always mention it clearly.....If look look at it again you can find it mentioned clearly.Thanks for visiting...

    Regards

    K B Raut

    ReplyDelete
  3. manteshMarch 22, 2012 at 8:38 AM

    thanks for U'r kind information.....

    ReplyDelete
  4. manteshMarch 22, 2012 at 8:56 AM

    excuse me sir in which we will trade... future index or option index...
    pls give me guidance...

    ReplyDelete
  5. Gann School of TradingMarch 22, 2012 at 9:04 AM

    Hi Mantesh,

    Index trading requires more capital.Its more risky.But the profits/losses are 100%
    Options require only premium.You can lose 100%.But gains can vary from 50%-100% compared to Index..
    Its a general and personal view..results may vary as per situation...
    Go to www.nseindia.com and try to get info from F&O section there..

    Regards

    K B Raut

    ReplyDelete
  6. manteshMarch 23, 2012 at 8:50 AM

    ok sir...

    ReplyDelete

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