NSE Index Technical Levels Update - 03 February 2011

Nifty Futures - February Contract
Swing : DOWN
SAR : 5580
Low risk entry : 5500
Target : 5380

http://financeandtradingmadeeasy.blogspot.com/
     
Bank Nifty Futures - February Contract
Swing  : DOWN
SAR :10800
Low risk entry : 10600
Target :10320

13 comments:

  1. Hi Anuj, SAR for BN is 10800 or 11800?

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  2. Hi vj,
    Thank you for pointing out the error.
    That error was there for the past 3 days!
    Corrected now.
    Glad to know that you are the only one who is following the levels.
    :))

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  3. :) Anuj, today if we get a close above 10800 n 5580 we can carry the longs?

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  4. vj
    Yes,we should,even if these levels are touched intraday we should carry longs, as breaking these levels will signal a trend change confirmation.For more read the post below.

    http://financeandtradingmadeeasy.blogspot.com/2010/01/how-to-use-market-calls-table.html

    Cheers

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  5. Thanks Anuj, hope we get a close above SAR lvls today :)

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  6. @vj
    Any idea since how long I have maintained Nifty to be in downtrend?
    I always say that I analyze short term trends.The duration of this down trend in Nifty has surprised me! :)

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  7. A bunch of short term views make a long term one!
    I read somewhere that even a long term investor is a day-trader on the days of entering and exiting the investments.

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  8. @r m
    :) Yes rightly as always.Want to add..

    At any given price in the market(LTP),both buyers and seller think that they are astute.

    @vj
    rm's broker will not be too happy with the fact that you have highlighted!
    :)

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  9. Hi vj!

    @Anuj

    Yeah, every one is happy till he loses money! But the broker is always happy. :)

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