Nifty & Bank Nifty, Technical Levels For Swing Trading, Update - 21 May 2012

Nifty Spot Rates, Technical Trading Levels
Swing : Down
SAR : 4925
Low risk entry : 4860
Target : 4800

Bank Nifty Spot Rates, Technical Trading Levels
Swing : Down
SAR : 9365
Low risk entry : 9200
Target : 9020 (Moved up!)
Posted by A J at
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7 comments:

  1. likhoumeshlikhoMonday, May 21, 2012 12:40:00 PM

    hi
    sar values are for instant trade or some filter is to be used? also it must be for long trade today right?
    thanks for the post.

    ReplyDelete
  2. A JMonday, May 21, 2012 12:52:00 PM

    Hi likhoumeshlikho,
    No filter, yes long trade now. Stop taken out today.
    Hope you have read the following post and other related post.

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

    Stop on nifty futures will be pivot low (4767), can you afford it?. Please don't follow any level blindly :)

    ReplyDelete
  3. likhoumeshlikhoMonday, May 21, 2012 1:32:00 PM

    no no i am not following blindly. i am intraday option trader with strict SL. so no question of stop of 4767.today i am long in 4800 ce with 122 sl.thanks for reply.

    ReplyDelete
    Replies
    1. A JMonday, May 21, 2012 1:59:00 PM

      Good. What kind of stop loss and target you usually keep or end up with for intraday trades in term of nifty spot?

      Delete
  4. likhoumeshlikhoMonday, May 21, 2012 2:47:00 PM

    i use 50 ema crossover of priceline to buy.target is 20 ema. simple strategy.sl is 10% of option value.

    ReplyDelete
  5. likhoumeshlikhoMonday, May 21, 2012 2:53:00 PM

    i use crossover of option price itself. so nifty spot or future is useless for me.

    ReplyDelete

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