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Nifty & Bank Nifty, Technical Levels For Swing Trading, Update - 10 August 2012

Nifty Spot Rates, Technical Trading Levels
Swing : Up
SAR : 5270
Low risk entry : 5320
Target : 5400

Bank Nifty Spot Rates, Technical Trading Levels
Swing : Up
SAR : 10400
Low risk entry : 10520
Target : 10750
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4 comments:

  1. Vihang MankadThursday, August 09, 2012 10:39:00 PM

    Pls teach me, if tomorrow BNF spot goes below 10400 and than bounce back, what should I suppose to do ? Exit ? Wait for your evening post / update ? As I have bought BNF at 10550,so I need your guidance.

    ReplyDelete
  2. Vihang MankadThursday, August 09, 2012 10:42:00 PM

    My suggestion : If you can incorporate "Exit" and "Book Profit" instant command on the current call,it would be better to execute the trade ..So,in such cases, we don't have to wait till evening post.

    ReplyDelete
    Replies
    1. A JThursday, August 09, 2012 11:14:00 PM

      Hey Vihang,
      I would request you to try and plan your own trades, that's the only way to be "independent"

      If BN goes below 10400, then your stop goes to recent pivot high of 10640, you take a new short trade accordingly depending on your risk profile.

      For real-time discussions and updates you can join the community of traders at "Just Nifty" - http://tradeinniftyonly.blogspot.com

      Delete
  3. Vihang MankadFriday, August 10, 2012 7:35:00 AM

    Ok.Thanks a lot.

    ReplyDelete