Hi All,
This is my first post. Suggestions are welcome from all my readers and critics on making this site as useful and direct to all my NIFTY FIFTY readers.
27/05/2010 12:09 PM Sydney, Australia. i.e. 7:39 AM India.
Yesterday as suggested by me on the blog:http://tradeinniftyonly.blogspot.com at 1:13 PM, we bounced from 4870 to reach 4920. Here's what i said:
Ankurbbhatt said...
@all,
I expect a break out from here guys...towards 4900 and so on...we are indeed moving towards 4945 either today or tomorrow due to short covering or whatever.
Now, I am not expecting a big breakout but today Nifty should reach 4980 due to expiry day of May 2010. The Pivot level is 4890 and upper resistance is at 4960 and 5000 as it's the 200 DMA. The supports are near 4850 and 4820. Global cues are negative so the undertone may remain negative and we may close below 4900.
This blog is a dedicated blog to analyze the India NIFTY index for intraday and coming days.
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
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Dear Ankurbbhatt,
ReplyDeleteI like your passion and your comments.Even I like your profile too,in which you have mentioned "I am a young,successful...." which I like very most,'The spirit'.
All the best.
Thanks, Mynac....Passion is what drives me...You got it...Any suggestions ?
ReplyDeleteHi Ankurbbhatt,
ReplyDeleteYour site looks good. If possible please explain some more about the intraday chart and how to derive values like when to go long or short?
Dear Ankurbbhatt,
ReplyDeleteI like the chart.Regarding suggestion,let me clear you that I am not proper learned technical analyst or a trader.On the contrary you are much, much more knowledgeable one.I am a just day trader,who used to trade for just few points here and there with little bit experience of the market.
I wish you best luck.
Thanks.
Thanks Arun and Mynac...
ReplyDeleteI will make the appropriate changes after the trading day. I will explain my trading methodology and will keep it as simple to learn as possible.
thanks Ankurbbhatt. Eagerly waiting for your post regarding Charts and trading methodology. Happy trading!!
ReplyDeletecongrates ankurbhatt for starting a blogs.
ReplyDeleteexplain in details about your trading system when you are free.
Hi
ReplyDeleteshall I buy Nifty at this level or short.
Ankurbbhatt said...
ReplyDelete@RAGHAV, I gave you this advise on that other blog...
Raghav, I have bought 5200 Calls. I won't advise you to go short until below 4900. If Nifty goes below 4900, you can go short with the target 4850. take this advise with a pinch of salt ...it's your hard earned money...
May 27, 2010 11:06 AM