Indian Markets Futures Trend Update - 29 December 2010

Nifty Futures
Swing : UP
SAR : 6000
Low risk entry : 6040
Target : 6120
Bank Nifty Futures
Swing  : UP
SAR :11460
Low risk entry : 11530
Target :11730

ICICI Bank  Futures
Swing : DOWN
SAR : 1152
Low risk entry : 1138
Target : 1108


  1. @all
    All levels as per January futures contract.

  2. @ ANUJ,

    Good morning,

    Thanks for update.

  3. My god,
    Just typing masg of trade & its make high @ 11568

  4. Exited from LONG BANK NIFTY @ 11549.85.

    Thanks ANUJ *****


  6. good morning self a retired person. i lost some huge amount in the market.your sar levels areworking well.sir can you please tell me how to work out sar.if possible please give your mobile no for making a contact. pl post a repla in the blog. radhakrishnan from coimbatore.

  7. @RAJA
    Hi, I am not available during intraday trading on the blog.That's the reason why I couldn't reply to your query on ICICI bank in time.Sorry about that.

    Although you will see that I have said it's trending "down",I would not be short in it as Bank nifty and Nifty are trending up.Global market and Euro are trending up."Seasonality" factors are favoring a bullish move as well(end of the year rally aka Santa Claus rally).It's better we find stocks to buy than sell, at-least till Nifty's trend is up.ICICI is trending sideways for sometime now.So trade the sideways channel Support and resistances.
    Hope it helps. :)

    @Anonymous aka Radhakrishnan from Coimbatore.
    Thank you Sir,for tell me that you are a retired person and about your financial loss.I would like to advice you not to trade in F&O as this is too risky with respect to your financial profile.

    Regarding short term trading you can check the links under "Important Post".Well the SAR may appear to be working nicely for the time being but at times it performs badly as well i.e during sideways market conditions.

    I am not available on mobile for the time being.Sorry about that.You can ask all your queries here and I will reply as quickly as I can.

    I would request you to take the help of a financial advisor and invest for the long term systematically rather than short term F&O trading.