Monday, 30 May 2016

Trade Example

Today I recorded the thought process along with the charts at the particular time and made a presentation slide.

Click here for that.  Try to watch the presentation in a full screen mode.  Press Ctrl+F5 after opening it.

Sunday, 29 May 2016

Nifty Breaks out

A long back I had written a small post on markets future direction once it breaks out of Jan month's high during the year.  If you have not read it, please spend some time and understand it first by by Clicking here to read it.

This week Nifty has done the same and it prompted me to write this post.  Here is the daily chart,

The break out looks very good and promising. It seems clear now that for rest of the year 2016 the likely direction is up for the Nifty. So if you are holding mutual funds or good company shares and you are thinking about booking profits in very near future, don't do that mistake.  Continue to hold your investment at least until end of this year.  Hopefully Nifty will see much higher levels in year 2016.

Friday, 13 May 2016

Big Picture for Nifty Future next week

This is Nifty Future 30-min chart to assess what is going on over the last few weeks. It is very much evident that it has been trading in ranges for last few weeks. The range 7800 (or today's low) -7940 that it traded in for majority of the last week is going to be a current range for early next week. Any successful breakout will take the prices into another range as marked, but it will prove to be a good breakout to trade, looking at the fluid.

Sunday, 8 May 2016

Big Picture for Nifty Next Week

Last week it broke out of the 200 point range and now it seems to have made even narrow range of 100 points and trading in it.  There is a good tradeable fluid above and below this narrow range, so whenever it breaks out of this narrow range either way and gives us good BPB setup, we can trade that keeping in mind the fluid area.  Lets see where the prices get accepted, below the current range or above it.

Tuesday, 3 May 2016

Nifty Future 03052016

Today I could spot two setups as marked.  Second one worked very well.

I will not update the posts regularly for next few months, may post few on weekends.  Wish you all profitable trading!

Monday, 2 May 2016

Nifty Future 02052016

As expected in Big Picture assessment on weekend, today it remained within the range and an attempt to breakout failed.  Could spot one good BOF setup as marked on the chart.