Indian Markets Futures Trend Update - 21 December 2010

Nifty Futures
Swing : UP
SAR : 5870
Low risk entry : 5926
Target : 6020
Bank Nifty Futures
Swing  : DOWN
SAR :11550
Low risk entry : 11420
Target :11030

ICICI Bank  Futures
Swing : DOWN
SAR : 1120
Low risk entry : 1097
Target : 1056


  1. Hi, ANUJ,

    ICICI BANK trigger LONG , so SL for day is Ema *200
    in 5 min TF ?


  2. @abhishek,
    Yes triggered long in Bank Nifty and ICICI bank
    SAR was 1120 went to 1138...Dont you think its good enough intraday profit? :).I dont feel having a trailing stop for intraday trades is of much use (JMO)
    That's for intraday

    For Swing trade( people who prefer less stress)
    For the time being I would have 1090 as stoploss...Cant keep average as it still coming out of sideways trend(so would prefer price pivot or atr)...For swing trades stop loss is determined at the end of day... its still too early....1140 area is a gap resistance zone for days now.Lets see.Will update the stop loss eod
    Cheers :)

  3. @ Anuj,

    Yes intraday profit is in ICICI bank Rs-20/-is superb/fine , my query regarding SL for intraday - if sudden falls come then how to handle position ,ok i read in your blog that you mentioned intraday SL can keep EMA 200 in 5 mint. TF, i may be wrong to understand .
    i will grow slowly but surely with your guidance.
    Thanks a lot.