Stop Loss Hits @6025

NIfty Call Update

Nifty Spot Open 5993 in the mornig which is below 6015 as per call. So took the postion on short side an my entry point was 5985.
Nifty made a intraday high 5999, Low 5930 and close 5943.
So we are in the market on short side, Entry 5985, will continue the SL Weekly High 6020 as of now.
Lets watch for next week.
Happy trading!!!

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Nifty Horly 2-Mar-2013

Previous call update - Stop Loss has been hit @5962 & 37 points loss.
Again short Call as per below as -ve divergence still shoe upmove is very weak....

 

Nifty Hourly Short Call - 1 May 2013

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Intraday Call - Short Nifty @ and above 5900

Intraday Call - Short Nifty(Spot price) @ and above 5900, SL 5925, Target - 5825/5800

Nifty study 28 March - towards BUY Approach

Nifty Daily Chart -

Nifty Hourly Chart -

 

* Strong Positive Divergence on RSI for both Daily as well as Hourly Chart
* Completion of Complex wave b (wxyxz) -seen in the Hurly chart
* Taking support on 200SMA line on daily chart; high probability of reversal.
* Stochastics Oscilator crossover mvoing upside.

Start buying on this level,  we have good RISK REWARD ratio- 1:7
Current Price - 5637.30
Stop Loss - 5595
Target - 5920 -5950
Approximately, target will achive in next 10 trading session