For the Nifty:
A trading range between 2700 and 2875 was on the verge of being taken out. The Nifty closed at 2874, just ready to breakout. An up move should see a pattern target of 3050, while the failure to go higher will mean that the Index remains in that trading range.
DayTraders: Possible trades (1) Gap trade: A gap down then a rally. or (2) Breakout / breakdown from intra day consolidation.
Swing Traders: It may be wise to close any long positions. If there is a breakout, a 'dip' can be used to reenter.
Position Trades in individual stocks: Not a good day to buy since most strong stocks were rallying in previous 2-3 days.
Disclaimer: These are suggestions, not trading advice. Short term trading requires large amounts of capital, ability to suffer losses and discipline. Only professional traders should be trading.
Sudarshan's Choice
Sponsors
Subscribe To  Posts
Comments
|
Sponsors
Search This Blog
The Key
|
Blog Archive
-
► 2011 (200)
-
► October (28)
- Answers to comments oct31-11
- Process of Consolidation Likely
- Nifty Pattern Targets Reached
- Happy Diwali
- Stock Selection (based upon their historical volat...
- M&M Consolidation
- Niftnear ORB Trade
- A dip in an ongoing up trend
- TATA Motors Life Cycle
- Hindalco touches support
- Mystery of the missing trailing stop
- Nifty Live Oct 12-11
- Point and Figure Charts
- Aiming for a better trade
- Long term view of Nifty
- Zen stories for Traders
- Hero Motor Corp at its support level
- NR 7 in Nifty Weekly Chart
- trading with a gap open
- Silver Pushes against Resistance
- An unusual continuation pattern in the Nifty
- Sudden Rally
- Nifty at 4750
- There is a time to be old and a time to be bold
- Afternoon review
- Nifty - Long Term View
- Higher High - Higher Low pattern in CNX IT
- Bear market shows its strength
-
► September (53)
- The Bear Story
- Nifty in a well defined range
- Morning View Sept 29
- Nifty Options Trade
- Nifty on way to close higher for this F&O settleme...
- Learning Ideas
- Short term trend is up
- Something Better
- A tale of two trades
- Before the Open - Sept 26-11
- Reliance - something better
- Nifty - A long term view
- Adding value to your analysis
-
► October (28)
3 comments:
tell me sumthin on gold?????
hello sir is crr rate cut gud 4 banking stocks !or is it a bad news ...my question is watz the exact word that shud be noticed to find wheter its is favourable 4 banking stocks ?and wat all are the negative points that will make the banking stocks to plung ...sir still are we on an intermediate up trend !as there was a sugesstion that at 2810 levels can be a buying level where we mit get 50 points on an uptrend ..now it has broken all expectations ..one reason is dow futures ...sir 4rm where we get dow futures updated ...can we see it at our trading hours ...thanks 4 ur replie ...thaks 4 spending ur precious time 4 repling me ...
You mentioned in your blog :-
"Disclaimer: These are suggestions, not trading advice. Short term trading requires large amounts of capital, ability to suffer losses and discipline. Only professional traders should be trading. "
Can you advise the Trading strategy for small investor/trader like me.
Let's say I have 100 Thousands rupees and I usually trade 3-5 tickers. Considering the T+2 cycle can you please suggest the strategy to revolve money effectively among them so as to have decent return.
Many Thanks.
Gurvinder
Post a Comment