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Nifty & Bank Nifty, Technical Levels For Swing Trading, Update - 5 October 2012

Nifty Spot Rates, Technical Trading Levels
Swing : Up
SAR : 5700
Low risk entry : 5750
Target : 5850

Bank Nifty Spot Rates, Technical Trading Levels
Swing : UP
SAR : 11360
Low risk entry : 11540
Target : 11780 
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4 comments:

  1. supporterSaturday, October 06, 2012 2:47:00 PM

    HI!
    Dear mr. Amy Joshi, i write here 'cause it seems to me the later msg in your blog.
    I'm an italian beginner trader using E.W.T, not modified but majored as it concerns after 90 years from the discovery of R. N.Elliott.
    I'll be happy to read your trading approch that is important for me at the beginnig of my trading experience.
    here it is my question: what does it means, for example:
    "Technical Trading Levels
    Swing : Up
    SAR : 5700
    Low risk entry : 5750
    Target : 5850
    ????????????????"

    ReplyDelete
    Replies
    1. A JSaturday, October 06, 2012 3:29:00 PM

      Hi Supporter,
      These are various price levels for trading Indian markets. For more details you can see the link below.

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

      Thanks, best wishes :)

      Delete
  2. supporterMonday, October 08, 2012 9:05:00 PM

    TKS 4 u r replay, so it is'nt an ellliot wave set up.
    initially i thought you was an elliottician
    :)
    Are u not?

    ReplyDelete
    Replies
    1. A JMonday, October 08, 2012 9:51:00 PM

      Hey Supporter, no it is not Elliott wave set up, it is just various price points to take appropriate action.

      I am not Elliottician, I got used to moving averages and RSI before I even heard about Elliott waves. I became trend follower from the very start of my trading career (lucky me?). My current trading approach is closely related to classical Dow theory :)

      Delete