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Wednesday, 18 September 2013

Nifty Technical Analysis and Intraday calls for Sep 18

Nifty was range bound today and was able to stay above the critical level of 5800-20. This will be the support, below which markets will be bearish. Upward momentum will be good if Nifty crossed 5870 and stays there. Targets are 5890-5900 followed by 5925.

In yesterday's pre-market calls, we made profits despite the range bound and volatality. Maruti is quite positive for short term in the charts. Swing traders can enter above 1400 for a target of 1450-1500 with an SL at 1335.

Intraday calls for Sep 18 

1 Buy Above or Sell Below the levels given for a target T1 or T2 with SL
2 Do not enter if target is achieved already
3 Always trade in two lots and book 1 lot at T1

4 All levels above are in cash. Please trade accordingly in futures

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.     

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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Hey, thanks for the information. your posts are informative and useful.
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