L & T FuturePositional Short Call ...

Nifty's Way Ahead - Digging out the Possibilities in Short term

Since last few days... Nifty is in cosolidation zone and not moving in either of the direction. It difficult to analyse in this consolidation period. But trying to find out the possibilities of the Nifty move ahead in the shorter term and possible targets......


Possiblity 1 - Wave B as an Triangle and Break down today .....

Possiblity 2 - Zigzag Wave Formation from Top 5833 as in ABC.

Possiblity 3 - Head & Shoulder Breakout

Possiblity 4 - Bullish View - Expanding Leading Diagnal

 

IFCI Future - wait for Traingle Breakout

Nifty Intraday Call - 40 Points profit in a 1 hour

40 Points profit in Nifty Future in just 1 Hour. NF made High till 5715. As per our target booked the profit @5710.

For More details .. Please refer below....

Happy Trading and Mint Money!!!

Yogi
Yog Money Asha

Nifty Intraday Call Update - 1:25pm

@1:25pm - Second Target Acheived. NF made a top @5715. Book profit Partial or all.
 If want to wait for 3rd target then trail the SL to 5675....
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Nifty Inraday Call Update - 1:00pm

@1:00pm - First Target acheived Now NF@ 5795... Hold and wait for 2nd target..... Trail the SL - 5660

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Nifty Intraday Call @12:35pm

Buy NF @5670 (Current Level) with strict SL - 5652 for Tgt - 5690/5710/5750.

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Nifty Inraday Call Update - 1:00pm

@1:00pm - First Target acheived Now NF@ 5795... Hold and wait for 2nd target..... Trail the SL - 5660 

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Nifty Intraday Call @12:35pm

Buy NF @5670 (Current Level) with strict SL - 5652 for Tgt - 5690/5710/5750.

Nifty Intraday Call @12:35pm

Buy NF @5670 (Current Level) with strict SL - 5652 for Tgt - 5690/5710/5750.
 

Target Aceived -- Update : Infosys Buy Call

Infy Future made a High 2571 near to our 2nd target 2574 and acheived our intraday target.  

I am still holding Infy as a positional call as Infy Daily Chart gives Positive Divergence.
Last time negative divergence seen on 21 sept and 3rd October, since then this is the 1st positive divegence on daily Chart.

In the morning i took the position since  i have observed the +ve div on the Hourly chart for intraday position and now since it reflects in the daily chart ... i am continue to hold the position for another 1or 2 days.
Let us wait and watch tomorrow's move.

Happy Trading and Mint Money!!!

Yogi
YogMoneyAsha


 

Infosys Buy Call

Buy call on Infosys @2489 SL 2458 Tgt - 2536, 2574, 2614.

 

Weekly Update for 8 Oct 2012

• As per the Hourly Chart seen above, for me it looks we have still in the 4th wave of the extension wave 5 of the 3 rd wave on the higher degree.
• So, i am still bullish as per above chart.
• But important support need to watch for this week is 5730, if this breaks then we can have support 5640 which invalidate the 5 wave extension as seen in the chart. Then it can assume that we have completed 5 wave of the 3 wave of  the c wave of the B wave on higher degree.
• But if Nifty 5640 breakdown then there have the strong support of the 5550.  
• If Price will not break the 5730 then it is dam sure that we are in the 4 wave of the wave 5 extension. same seen in the chart.
• Wave 4 could be the flat or triangle. mostly triangle as first wave is stiff down movement.
• If this is the same way happen then very difficult to trade in this week. Option will erode all the money for all option series except 5800 CE and PE.  
• Let us see how the prices unfold in the next week.... then we will get more clue to ride on the same.

Happy Trading!!!
Yogi
Yog Money Asha

Nothing to worry and Fear ... Nifty Down 90 points in first 35 min

Nifty Blasted and Drift Down 91 points in first 35 minute... But don't worry until it breaks below 5710 .... 5710 is lakshman rekha ....
 

Gap Up today as expected ..Also Cup and Handle Target Achieved Today

Time: 10:25am

As expected, Nifty is opened with gap up of 13 point today. We expected this yesterday itself immediately during market closing yesterday.

Also, We aceived target 5820 of the cup and Handle pattern seen yesterday on 5 min chart of the Nifty future. Refer the chart below....

 

Expects a Gap-up opening tomarrow 4/10/2012 .. Why? Details tomarrow ...

Cup and Handle pattern in 5 min chart of Nifty Future

Time - 3:20pm
If last candle close above this then Buy target for tomarrow. Tgt - 5810/20.



EOD - 3:40pm

Decisively Close the last candle above the blue horizontal line, so it will be the breakout for the 5 min chart .... we will see 5810-5820 tomarrow.