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Monday, 25 November 2013

Nifty Technical Analysis and Intraday Calls for Nov 25

Nifty Technical Analysis

We abstained from trading on Thursday and Friday due to expected volatility and unpredictable moves. You would have seen that the markets behaved very confusingly triggering stop losses.

It is now clear that the uptrend seen up to Diwali may not be sustained and soon we will see 5900-5880-5850 levels. Below this , the market could slip to 5700 and 5600.

Those who are holding  Swing calls, please exit if on profit, else strictly exit on stop loss level.

We are not initiating the promised mid cap portfolio for long term investors, will wait till 5800 and see if that level holds, be patient till then. Meanwhile, please hold on to the blue chip portfolio under Long Term Investment.

For Intraday trading on Nov 25 please follow the below levels of Nifty.:

Resistance Levels: 6020, 6050, 6080
Support Levels: 5950, 5930, 5880

Positive above: 6020
Bullish momentum above: 6050

Negative below: 6020
Bearish momentum below:  5950

Intraday Calls for Nov 25

Be careful in longs since most of the traders will be adopting sell on rise strategy. 

1. All levels are in cash. Please trade accordingly in futures
2. Buy above or sell below the levels given for a target of T1, T1 with strict SL.
3. Those who are trading in futures, please trade with 2 lots and book profits at T1.
4. Buy or Sell here does not indicate that the stock is positive or negative for the day.
   The calls are valid only if the levels are crossed.
5. Do not enter the trade if the target T1 is achieved within 15 minutes of opening. 
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. 

Please refer to our unique Intraday Trading Systems to generate your own trading calls. 

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 content 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 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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