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Wednesday, 11 September 2013

Nifty Outlook and Stocks to trade on Sep 11

For Sep 11, Nifty will face resistance at 5950 followed by 5980. Nifty sustaining above 5980 will be highly bullish and 6000-6025 will be attained. Below 5850 Nifty will be negative. Exit longs if Nifty falls below today's base of 5825.

Sector trends: All sectors have turned strong buy in daily and hourly charts except PSU Bank which is neutral in hourly chart.

For Sep 11, we will follow the strategy to ride the momentum. 

Intraday calls for September 11

Whether it is a bullish or bearish market, a day trader should have a set of stocks for long trades and a set of stocks for short trades. The reason is simple - market can change direction any day, any time. This is the reason we have both long and short trades, even if the markets are ultra bullish. What is important are the levels - If the levels are hit, then the stocks would achieve the targets. If the calls do not trigger, we will not lose any money any way  :-)

Please take positions only after 9:30 AM. Please do not enter into any fresh trades after 3:00 PM.

Please do not trade blindly on these levels. A buy position should be supported by charts giving positive signals. A sell position should be supported by charts giving negative signals. Please see real trades in earlier posts to understand how an intraday long or short is created.     

Real Trades Update
Trading Videos

Any significant news which affects individual stocks or overall market direction will invalidate the technical analysis behind the above views. In such a situation use real time charts to trade.

All the views and contents mentioned in this blog are the personal observations of the author and is in no way a recommendation for the readers to enter into trades of stocks/futures. The author do not accept any liability/loss resulting from the use of any content from this blog. Any act of trading performed by readers should be at their own discretion and neither the author or the sources mentioned in the blog will be responsible for the outcome.

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