Diamond, very rare Pattern found today !

DIAMOND, Very rare pattern found in Todays Intraday Chart !

Ready For breakOut !

If 4900 breaches, Nifty will retest 4720 or 4400

30 Sep

Long @ 5002 SAR pass 4993. -9
Short 4993  Target  4960  4930.
Booked 50%@ 4962. +31
Remaining 50% Tsl pass 4978. +15
Net +14 Points 

Cumulative profit in this month Sep,  +305 Points 
2= -10 
5=no trade 
6=+40
7= -28
8=Breakeven
9= +25
12= +20
13= +51
14= +63 
15= +48
16= -44
19= -9
20= -13
21= -11
22= +20
23= +13
26= +52
27= +19
28= +32
29= +22
30= +14
Total Net Profit +305  

Positional SAR, we have got  around +700 Points in this Sep month !

30 Sep

Positional SAR [Stop and Reverse] 4950.

Long triggered from 4926. Todays close 5030. +104

Roll Over loss from sep to Oct future -20

Short from 4955 closed @ 4926. +29.

Cumulative profit from Starting[24 june 2011] 2191+29-20+104=2304 Points.

NiftyFuture[5030]

Resistance

5100

Support

4960

HappyTrading

29 Intra Descending Triangle

Descending Triangle being formed in Nifty between 4900 & 4990

Ready for breakOut !
Triangle broken upside @ 4926  Target 5015. 

 
Sold 4910 SAR pass 4920 -10
Long 4920 SAR pass 4914 -6
Short 4914 Exit @ 4917 -3
Long 4926 
Booked 50% @ 4960. +34
Remaining 50% Booked @ 4975. +49
Net  -10-6-3+41= +22 Points
 
Triangle broken upside,Triangle Target 5015 also reached.

29 Sep

Positional SAR [Stop & Reverse] 4980.
Long from 4933 closed today @ 4955. +22
Short triggered from 4955. Todays close 4937. +18.
Cumulative Profit from Starting [24 June 2011] 2169+22+18=2209 Points.

NiftyFuture[4937]
Resistance
4990
Support
4900
If 4900 is held, chances are likely nifty will retest 5175.
Otherwise nifty will fall down to 4720 or 4400 
HappyTrading

28 Intra

Shorted 4955  SAR 4970.05 Target 4925,  4880.
Booked 50% @ 4925. +30 
Booked ramining 50% @ 4920 +35 
Net +32 Points. 

28 Sep

Positional SAR [Stop & Reverse] 4930.
Long triggered from 4933. Todays close 4978. +45 Points.
Short from 4850, closed today @ 4933. -83 [GapLoss].
Cumulative profit from Starting [24 June 2011] 2252-83+45= +2214 Points.

NiftyFuture[4978]
Resistance
5025
Support
4930
HappyTrading

27 Intra

Shorted 4918  SAR pass 4933 -15
Long @ 4933    Target 5000 [day high 4989]
Booked 50% @ 4958.+25 
Remaining 50% Booked @ 4975 +42 
Net +19 Points 

27 Sep

Positional SAR [Stop & Reverse] 5000.
Short triggered from 5151.Today Profit booked @ 4760. +391-40[whipsaw loss] Net +351 Points.
Short Continued from 4850. 
Cumulative Profit from Starting [24 June 2011] 1901+351=2252 Points.

NiftyFuture[4844]
Resistance
4900
4880 
Support
4810
4760
HappyTrading 

26 Intra

Short @ 4827  SL 4845.05
Booked50%@ 4790.
Remaining 50% booked 4760

Net +52 Points

Nifty 2yrs Target 2300 unless it crosses 6350 !

Its better to loose an Opportunity than to loose Money !

As per Elliot Wave theory, C correction started !
From 6335 to 2250  A wave correction
From 2250 to 6300 B Corrective Upmove.
From 6300 to 2250 or even lower. C Down wave has been in force !

Dont invest in stocks, SIT ON CASH.

Invest in stocks when Nifty either touches 2250 or when it crosses 6300 only.

Either Bottom Fishing or Buy on Strength not on weakness !

Even advance decline ratio also favours extreme bearsishness.

See, Shocking Negative  Divergence in Advance Decline Ratio !

Enjoy Cartoon: A fish Wondering about American StockMarket NoseDiving, Pulling China , Europe, Indian StockMarkets along with it !

23 Intra

Short 4872 SAR pass 4892 -20
Long 4892  SAR pass 4884 -8
Short 4884 Booked50%@4860 Remaining50%@4825  +41 Points
Net +13 Points

23 Sep

Positional SAR [Stop & Reverse] 5040.
Short triggered from 5151. Todays close 4914. +237 Points.
Cumulative profit from starting [24 june 2011] 1901+237=2138 Points

NiftyFuture[4914]
Resistance
5000
Support
4825
HappyTrading
If trades & closes  below 4900  Nifty will retest 4720.

22 Intra This time also GAP RESistance 5200 not crossed ! How bearish !

Our Positional SAR has been in Short from 5151.

We dont know which side it breaks, Thats why we did SAR Yesterday.
Yesterday we did almost 7 trades intraday to get best entry,Positional traders benifitted much .

Short @ 5050  SAR 5062.05
Booked Profit 50% @ 5030 
Remaining 50% BookedProfit @ 5025. +23
Long @ 5040 exit 5037. -3
Net  +20 Points.

22 Sep, Cup&Handle,Ready for breakOut ?

Strong Resistances[5175] are  taken away by GAPS or WideRangeBars.

Lets see Tomorrow what happens !

Positional SAR [Stop & Reverse] 5070.

Long  from 5100. Today exited @  5157 +57[-20 whipsaw loss] =+37
Short triggered from 5151  Todays close 5141 +10

Cumulative profit from starting [24 june2011] 1864+37+10=1911 Points.

NiftyFuture[5141]

Resistance

5175

Support

5105

If trades above 5175  Targets  5230  5325.
HappyTrading

21 Intra

Cup & Handle in EOD chart !
Close above 5177 only Bullishness prevails !
Targets being 5230  5335 [Gap filling !]

Positional SAR: We booked Our Long@ 5158.
We take Long Position above 5177.05 
Taken Positional Short @ 5151.

Intra
Long 5144  SAR 5139 pass -5
Short 5139 SAR 5152 pass -13
Long 5152 SAR pass 5151 -1
Short 5151  Booked 50% @ 5122  SAR pass 5136 +22
Long 5136 SAR pass 5125 -11
Short 5125 Exited @5128  -3
Long 5141 SL pass 5139 -2 
Net -13 Points 

21 Sep Likely Chance of Gap Filling ?

Positional SAR [Stop&Reverse] 5060.
Long triggered from 5100. Todays close 5157 +57 Points.
Cumulative Profit from Starting [24 June 2011] 1864+57=1921 Points

NiftyFuture[5157]
Resistance
5230
Support
5080
If trades above 5230  Target 5335 
HappyTrading

20 Intra

Our Target 5130 achieved.
But,We missed Buy Trade @ 5055.
Later two trades hit SL due to whipsaws.
Total Net -13 Points.

Positional SAR, Buy Position from 5100 Carryforward

20 Sep

Positional SAR 5033.
No position so far.
Cumulative Profit from Starting [24 June 2011] 1864 Points

NiftyFuture[]5037]
Resistance
5065
Support
5010
If trades above 5065  Target 5130. 
HappyTrading 

19 Intra

Shorted @ 5048 SAR pass 5055. -7
Long @ 5055  Exited @ 5055
Short @ 5043  Tsl 5045 pass  -2

19 Sep

Positional SAR [Stop & Reverse] 5030.
Long triggered from 4925. Today Profit booked @ 5110 +185 Points
As of now No position Holding. Fresh Position from Monday onwards. 
Cumulative Profit from Starting [24 June 2011] 1679+185=1864 Points

NiftyFuture[5087]
Resistance
5130
Support
5040
HappyTrading

16 Intra

Shorted @ 5106  SAR pass 5125 -19 Points

Long @ 5125  SAR 5119  pass 5119 -6Points

Short @ 5119  SL pass 5138 -19 Points

- 44 Points 

Every trade given more than 20 points,
but expecting a trendy bigmove we have done SAR only.
SAR has been the highly successful Daytrading strategy.
SAR gives less during Ranged Markets.
SAR gives More Profits in Trendy Markets 
SAR gives More&More Profits in Volatility
SAR suffers a lot from whipsaws! 

16 Sep Tomorrow would be the best Opportunity to go Short ! Once again 5200 GAP Resistance !

Positional SAR [Stop and Reverses] 5000.
Long triggered from 4925. Todays close 5081 +156 Points.
Cumulative Profit from Starting [24 June 2011] 1679+156=1835 Points

NiftyFuture[5081]
Resistance
5160
5120 
Support
5040 
5000
HappyTrading

15 Intra

Shorted @ 5033  SAR 5050.05  Target 4990  4950
Booked50% @ 5000.
Booked remaining 50% @ 4970 [Daylow 4957, our 2nd target missed by 7 points so far 10:50am] 
+48 Points 

15 Sep

Positional SAR [Stop & Reverse] 4950.
Long triggered from 4925. Todays close 5019 +94 Points
Short closed @ 4925 [triggered from 4970] +45 Points
Cumulative Profit from Starting [24 June2011] 1634+45+94=1773 Points.

NiftyFuture[5019]
Resistance
5080
Support
4950
HappyTrading

14 Intra

Head & Shoulder 

Neckline Support being 4902, Break below 4902 Nifty may target 4760.
Neckline Support 4902 not broken ! 

Short @ 4930 SAR pass 4948    -18

Long @ 4948 SAR pass 4935    -13

Short@ 4935 SAR pass 4924     +11

Long@ 4924 
Booked 50% @ 5000.
Remaining booked 50%@ 5015   +83 Points

Net Profit -18-13+11+83=  +63 Points  

14 Sep

Positional SAR [Stop & Reverse] 5010.
Short triggered from 4970. Todays close 4942. +28 Points.
Cumulative profit from Starting [24 June 2011] 1634+28=1662 Points.

NiftyFuture[4942]
Resistance
5020
Support
4900
If trades below 4900   Target 4860 4820.
Happy Trading

13 Intra

Long @ 4985  SL 4970 Target 5040  
Booked 50%@5000.
Remaining50% TSL pass 4990.+10

Short@ 4990 SL pass 5008. -18

Long @ 5008
Booked 50%@ 5028
Remaining 50% Booked  @ 5038. +25    Target 5040 reached 


Shorted @ 5007  
Booked 50% @ 4975 
Booked Remaining 50% @ 4965 =+34 

Net Profit +10-18+25+34 = +51 Points 

13 Sep

Positional SAR [Stop&Reverse] 5020.
Short triggered from 4970.Todays close 4942. +28 Points.
This time we missed short from 5130[Long exited price]
Cumulative profit from Starting [24 June2011] 1634+28=1662  Points.

NiftyFuture[4942]
Resistance
4980
Support
4900
If trades above 4980  Target 5040
If trades below 4900  Target 4860 4820 
HappyTrading 

12 Intra

Shorted @ 4972  SL 4981.05
TSL triggered @ 4970. 
Target 4940 Reached [Daylow 4901]
Bought @ 4926 
Booked 50% @ 4960 
Remaining 50% TSL triggered @ 4940.
+20 Points 

12 Sep Gap Res 5200.

Once again Gap Resistance 5200.

Sep Target 4400 Intact.

Positional SAR [Stop & Reverse] 5038.

Long triggered from 4840. Today Position closed @5130 +290 Points.

As of now No position. Fresh position will be there from Monday onwards !

Cumulative Profit from Starting [24 June 2011] 1344+290=1634 Points.

NiftyFuture[5052]

Resistance

5100

Support

5000

HappyTrading

9 Intra

Shorted @ 5139  SL  5154.05

Booked Profit @ 5114.

+25 Points

9 Sep

Positional SAR [Stop & Reverse] 5035.
Long triggered from 4840. Todays close 5155 +315 Points.
Cumulative Profit from Starting [24 June2011] 1344+315=1659 Points.

NiftyFuture[5155]
Resistance
5200
Support
5110
HappTrading

8 Intra

Shorted @ 5115  SL pass 5133 [falseBreakout,Dayshigh 5135]
Hence once again Shorted @ 5125. SL 5136.05
Booked 50% @ 5102.
Remaining 50% TSL triggered@5120.

8 Sep

Positional SAR [Stop & Reverse] 5010.
Long triggered from 4840. Todays close 5117 +273 Points
Cumulative profit from Starting [24 June2011] 1344+273=1617 Points

NiftyFuture[5117]
Resistance
5150
Support
5080
If trades above 5150  targets  5180  5225. 
HappyTrading

7 Intra

NiftyFuture[5061]
Resistance
5100
Support
5025
HappyTrading

Today Shorted @ 5090 SL pass 5100.
Shorted @ 5095 SL pass 5104
Long @ 5104 SL pass 5095 Due to Whipsaws around Res 5100.
My Target 5138 has come, but SL pass !

-28 Points

6 Intra

Shorted @ 4987   SL 4996.05  Target 4955  4930
Booked 50% @ 4958.
Booked remaining 50% @ 4935.[Daylow 4931.9 so far 10.40 am]
+40 Points.

6 Sep

No IntraCall given Today on 5 Sep as i have been out of station !

Positional SAR [Stop & Reverse] 4970.
Long triggered from 4840. Todays close 5010 +170 Points.
Cumulative profit from Starting [24 June2011] 1344+170=1514 Points.

NiftyFuture[5010]
Resistance
5050
Support
4970
If trades below 4970,  then Target 4930.
HappyTrading

5 Sep Once again Gap Resistance 5200. Next weeks Range 4900 to 5200 !

Positional SAR [Stop &Reverse] 4950.

Long triggered from 4840. Todays close 5034 +194 Points.

Cumulative profit from Starting [24 June 2011] 1344+194=1538 Points.

NiftyFuture[5034]

Resistance

5075

Support

4990

HappyTrading

Highest OPEN INTERESTS:
5100Call=279234 Contracts
4900Put=242024 
5000Put=240703 """"
5200Call=193556
5000Call=178229
As per the OpenInterest, Next weeks Range would have been 
4900 to 5200 

2 Sep Intra

Shorted@ 5022
TSL triggered @ 5032. -10 Points
No other Call given due to whipsaws !