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
Posted by A J at
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13 comments:

  1. abhishekThursday, February 03, 2011 9:55:00 AM

    Anuj ,

    Good morning,

    Thanks for update.

    ReplyDelete
  2. A JThursday, February 03, 2011 10:03:00 AM

    Good morning all :-)

    ReplyDelete
  3. r mThursday, February 03, 2011 11:33:00 AM

    Good Morning Anuj!

    ReplyDelete
  4. vjThursday, February 03, 2011 12:35:00 PM

    Hi Anuj, SAR for BN is 10800 or 11800?

    ReplyDelete
  5. A JThursday, February 03, 2011 1:20:00 PM

    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.
    :))

    ReplyDelete
  6. vjThursday, February 03, 2011 1:27:00 PM

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

    ReplyDelete
  7. A JThursday, February 03, 2011 1:43:00 PM

    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

    ReplyDelete
  8. vjThursday, February 03, 2011 1:50:00 PM

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

    ReplyDelete
  9. A JThursday, February 03, 2011 1:57:00 PM

    @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! :)

    ReplyDelete
  10. r mThursday, February 03, 2011 2:07:00 PM

    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.

    ReplyDelete
  11. vjThursday, February 03, 2011 2:09:00 PM

    almost a month Anuj, hi rm :)

    ReplyDelete
  12. A JThursday, February 03, 2011 2:23:00 PM

    @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!
    :)

    ReplyDelete
  13. r mThursday, February 03, 2011 2:26:00 PM

    Hi vj!

    @Anuj

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

    ReplyDelete

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