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