Nifty Analysis 01 Dec

Nifty took the support of Hour lower trendline at 4760 and traded higher. It has closed well above the lower trendline of Day. Now the support for Nifty is at 4780. The middle line is falling rapidly and now it is positioned at 4975, this number will come down as each day pass by. One can expect nifty to trade around 4950 levels. The trend is still down and a firm close above 5100 will make it up.





This indicator is a positional indicator, hence use the day numbers. Hour numbers must be used as a guideline only as it was traded today.

Nifty Analysis for 30 Nov

Nifty closed just 5 points above the lower trendline giving a glimmer of hope for the bulls. The close has to be above 4850 for the bulls to take it to the middle line.
As of today the middle line is at 5000, this level will come down day by day..Hence if at all there is any bounce then the target should be around 4950 to 4975.



The hour timeframe shows that if the hourly close is below 4750, then no hopes for the bulls. Nifty, then will continue its journey southwards.



always use hour timeframe as guideline and use Day numbers.. The indicator is a positional indicator and should not be used for intraday trading...

Soon I will be writing a guide on how to use the indicator...
Tomorrow will be an interesting day.

Thanks.

Nifty Update

Nifty to sustain the upward momentum has to close above 4850. Below 4800 bears will have upper hand.





Thanks

Nifty Analysis

Nifty is trading above the upper trend line of Hour TSI. The hourly trend is up. The trend turns down only below 4730.



Nifty closed above the lower line of Day TSI. The trend is still down. Since it has crossed the lower line, we can expect it to move till middle line which is at 5050.



The Lower trend line of Week TSI is at 5020. Hence Nifty can move towards this target.



Thanks

Max Pain updated

Max Pain has shifted to 4900.


Trade initiated on 16-Nov-2011

Sold 4900 PE : 18.65
Sold 5200 CE : 23.20

Current position


Booked 5200CE at 0.40 (Profit 22.80). Looking for an opportunity to sell 5000 CE tomorrow.

Important levels for 23.11.2011

Hour: Trend is Down
Below 4820: Down

Above 4975: Up

Trend Weakens above: 4840

Day: Trend is down

Below 5030: Down

Above 5200: Up

Trend weakens above: 5140

Week: Trend is down

Below 5050: Down

Above 5430: Up

Trend weakens above: 5110

Thanks

Max Pain Updated

Max pain for the current series is at 5000.


Trade initiated on 16-Nov-2011

Sold 4900 PE : 18.65
Sold 5200 CE : 23.20

Current position



Can book 5200 CE on monday and sell 5100CE.

Important levels for monday

Hour: Trend is neutral
Below 4890: Down

Above 5100: Up

Trend Weakens above: 4970

Day: Trend is down

Below 5060: Down

Above 5250: Up

Trend weakens above: 5175

Week: Trend is down

Below 5045: Down

Above 5450: Up

Trend weakens above: 5110

Expecting nifty to trade in the range 4960 - 5030 in the next week.
Go Short at these levels with a stop loss of 5175.

Thanks

Nifty Max Pain Updated

Max Pain for the Current series is at 5000.



Trade initiated on 16-Nov-2011

Sold 4900 PE : 18.65
Sold 5200 CE : 23.20

Current position



Important levels for tomorrow

Hour: Trend is down

Below 5010: Down

Above 5150: Up

Trend Weakens above: 5030

Day: Trend is down

Below 5055: Down

Above 5250: Up

Trend weakens above: 5185

Week: Trend is down

Below 5045: Down

Above 5450: Up

Trend weakens above: 5110

Thanks

MaxPain Strategy 16Nov11

The Expiry is just 6 days to go. Let us see how the Max Pain Trading strategy plays out this month.


The Max Pain at the end of day (16-Nov-11) for nifty is at 5100. The Nifty spot closes at 5030.45.







Strategy to follow.



Sell 4900 PE option : 18.65

Sell 5200 CE option : 23.20










Important Trend levels to watchout in Nifty Tomorrow:


Hour: Trend is Neutral


Below 5030 : Down

Above 5195 : Up

Trend Weakens: 5100



Day: Trend is Neutral



Below 5050: Down

Above 5250: Up

Trend Weakens: 5200



Week: Trend is Down



Below 5050: Down

Above 5450: Up

Trend Weakens: 5115



Thanks