My Intraday Nifty Trading System

My NIFTY Intraday Trading system

This is my Trading system which I use for last 5 years in intraday. The System gives indication of overbought/ oversold conditions in intraday Nifty index and thus gives you entry and exit points. I get into the Trade when all of indicators are confirming the Trend and get out of the trade when see 2-3 indicators diverging from the Nifty main trend.

Nifty Live chart

NSE Heatmap

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NSE Sectors

Thursday, May 27, 2010

EOD Nifty chart observation and Tomorrow's levels

EOD Nifty chart suggests bollinger band resistance at 5061. Pivot point would be 4990. Opening above 4990 Nifty can move towards 5050 & 5061. Both of which are resistances. So, you may expect a pull back. Support is at 4920-30 level. Maybe we will be able to see big swings / volatility in tomorrow's market. Market in itsbest power could touch max 5100 or may fall to 4850. More tomorrow after seeing global cues. Good Night from Sydney.

2 comments:

  1. oh u r operating from sydney;its australian time dat shows in ur blog posts.....bit confusing earlier;no more now

    ReplyDelete
  2. Hi Ankur,

    Congrats on starting your own blog... GR8 MAN.

    I am silent follower of RG, GB & Illango Sir, still in learning phase. Basically a day trader who trades for 10 - 20 points on either side.

    Will start learning from you also by not bothering you much.

    BEST OF LUCK tk cr

    gd nght in INDIA SIR

    ReplyDelete

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