NIFTYFIFTY: Today's close is important

NSE Heatmap

INFIBEAM 11.25%	ADANIPOWER 5.79%	BPCL 3.83%	CGPOWER 3.29%	NTPC 3.05%	GAIL 2.94%	PFC 2.93%	POWERGRID 2.77%	DISHTV 2.48%	INFRATEL 2.44%
NBCC 2.35%	ONGC 2.23%	RECLTD 2.16%	TATAPOWER 2.15%	JETAIRWAYS 1.99%	RELIANCE 1.95%	OIL 1.85%	LT 1.82%	INDIACEM 1.51%	TATAMOTORS 1.47%
GMRINFRA 1.35%	EICHERMOT 1.32%	BHARTIARTL 1.21%	VOLTAS 1.18%	TORNTPOWER 1.09%	BEL 0.94%	NHPC 0.85%	IOC 0.76%	ITC 0.63%	NATIONALUM 0.62%
PTC 0.61%	BAJAJFINSV 0.57%	RELCAPITAL 0.47%	PVR 0.37%	HINDZINC 0.32%	INFY 0.27%	WIPRO 0.27%	MFSL 0.25%	ASIANPAINT 0.13%	TATAMTRDVR 0.12%
BATAINDIA 0.09%	ADANIENT 0.08%	AMARAJABAT 0.08%	ADANIPORTS 0.03%	TORNTPHARM 0.02%	IGL 0.0%	BOSCHLTD -0.04%	RAMCOCEM -0.05%	OFSS -0.06%	BAJAJ-AUTO -0.07%
SHREECEM -0.13%	VGUARD -0.13%	HCLTECH -0.18%	CIPLA -0.18%	APOLLOHOSP -0.22%	FEDERALBNK -0.25%	MINDTREE -0.26%	MGL -0.27%	AMBUJACEM -0.29%	KOTAKBANK -0.3%
UPL -0.33%	TITAN -0.36%	ICICIBANK -0.39%	CASTROLIND -0.44%	HDFCBANK -0.45%	COALINDIA -0.46%	TECHM -0.47%	TCS -0.49%	CHOLAFIN -0.52%	CESC -0.54%
KSCL -0.62%	JISLJALEQS -0.63%	HINDUNILVR -0.68%	RBLBANK -0.73%	ICICIPRULI -0.75%	TATACOMM -0.8%	PCJEWELLER -0.81%	INDUSINDBK -0.82%	ESCORTS -0.83%	ACC -0.87%
IDFCFIRSTB -0.89%	JUBLFOOD -0.95%	AJANTPHARM -0.95%	IDFC -0.99%	BHARATFIN -1.03%	HAVELLS -1.03%	DIVISLAB -1.03%	BALKRISIND -0.83%	M&M -1.08%	IDBI -1.11%
CEATLTD -1.14%	ZEEL -1.17%	APOLLOTYRE -1.18%	HDFC -1.23%	MRPL -1.24%	NESTLEIND -1.26%	INDIGO -1.28%	ULTRACEMCO -1.32%	BERGEPAINT -1.32%	COLPAL -1.33%
CONCOR -1.35%	EXIDEIND -1.37%	NMDC -1.4%	AXISBANK -1.4%	L&TFH -1.41%	CADILAHC -1.41%	MARUTI -1.46%	MARICO -1.52%	DABUR -1.54%	SBIN -1.61%
KAJARIACER -1.66%	PETRONET -1.66%	PIDILITIND -1.68%	YESBANK -1.72%	EQUITAS -1.77%	MCX -1.78%	GRASIM -1.79%	RCOM -1.8%	CUMMINSIND -0.84%	MUTHOOTFIN -1.83%
BEML -1.85%	TATAGLOBAL -1.85%	BAJFINANCE -1.89%	SOUTHBANK -1.89%	MRF -2.0%	TATACHEM -2.06%	HINDPETRO -2.06%	LICHSGFIN -2.07%	BHEL -2.09%	SRF -2.11%
STAR -2.16%	GODREJIND -2.21%	GODFRYPHLP -2.22%	BRITANNIA -2.24%	BHARATFORG -2.25%	IFCI -2.41%	IRB -2.43%	HEXAWARE -2.51%	PEL -2.52%	DLF -2.59%
TATAELXSI -2.59%	SIEMENS -2.63%	BANKBARODA -2.7%	KTKBANK -2.7%	MCDOWELL-N -2.74%	VEDL -2.77%	RAYMOND -2.77%	GODREJCP -2.79%	PNB -2.84%	RELINFRA -2.85%
SUZLON -2.86%	HINDALCO -2.89%	SAIL -2.92%	M&MFIN -2.98%	NCC -3.0%	NIITTECH -3.05%	IBULHSGFIN -3.11%	JINDALSTEL -3.12%	TATASTEEL -3.17%	TVSMOTOR -3.17%
DCBBANK -3.19%	HEROMOTOCO -3.21%	WOCKPHARMA -3.23%	BANKINDIA -3.26%	CENTURYTEX -3.29%	MANAPPURAM -2.79%	GSFC -3.31%	JUSTDIAL -3.51%	AUROPHARMA -3.41%	MOTHERSUMI -3.73%
UJJIVAN -3.74%	UNIONBANK -3.74%	CHENNPETRO -3.75%	JPASSOCIAT -3.85%	SYNDIBANK -3.86%	TV18BRDCST -3.86%	BIOCON -3.9%	KPIT -3.94%	CANBK -3.96%	ENGINERSIN -1.14%
SUNPHARMA -4.06%	DRREDDY -4.17%	REPCOHOME -4.21%	SRTRANSFIN -4.34%	DHFL -4.42%	ALBK -4.45%	LUPIN -4.47%	ARVIND -4.5%	ORIENTBANK -4.6%	JSWSTEEL -4.99%
IDEA -5.21%	SUNTV -4.81%	UBL -5.25%	ASHOKLEY -5.62%	RPOWER -5.63%	GLENMARK -6.47%	CANFINHOME -6.71%	SREINFRA -7.37%	INDIANB -8.22%	PAGEIND -9.0%

If the Nifty closes above 5700 today, the short term sentiments have changed. Close all short positions if that happens and wait.

My Trading Methodolgy

I enter the market like water..... Very flexible...Not stubborn...I see the market moving against me strongly...I accept a loss and reverse. I stay formless...Shapeless. Flexible..

I track the following signals before deciding to go Long or Short in the Market.
1) Major trend of World markets and particularly Nifty.
2) Previous Day closing with respect to candlesticks, Pivot Points, Bollinger Bands and 3 EMAs.
3) Intraday RSI, Slow Stochastics and Macd in line with Nifty Trend or diverging.
4) Previous day high/ low in case of downtrend/uptrend.
5) Bollinger Band width to decide on volatility.
6) I get into the tradewhen all signals align and get out when any two of the signals diverge from the main trend.

In case of confusing technical indicators, I wait on side lines.

My Intraday Nifty Trading System

My NIFTY Intraday Trading system

Nifty Live chart

NSE Heatmap

NSE Sectors

Thursday, October 18, 2012

Today's close is important

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