Nifty analysis using VIX , channels and trend lines for week ending 26 April 13

VIX was  indicating   that nifty will move up and nifty blasted up by 300 points approximately in last 4 sessions

What is next ??? try to analyse …

Dhanvarsha indicated you all well in advance that and nifty traded at 5794…

up side targets are  5597  5650  5750

“At 5 years weekly chart , nifty is trading at 50 week moving average,fib level ended making  spinning bottom ….RSI is trading at 30 s0  real traders will avoid fresh selling and start accumulating at this level  ..spinning candle indicates indecision .  we can expect either  range trades or range break out …chances are of trend reversal /retracement  if nifty will sustain above 5500 …” on 13 April http://dhanvarsha.in/nifty-macro-and-micro-analysis-using-weekly-and-eod-charts-for-week-ending-10-april-13/

Options trading make you rich if you  will trade in correct direction if you will trade without discipline and in reverse direction it may ruin you..please have a look 20 to 30 % move within 20 minutes …

kailash123p@yahoo.co.in (4/18/2013 2:55:18 PM): buy 5800 pe at 50 51 sl 46 trade for sl or tgt 75 100

kailash123p@yahoo.co.in (4/18/2013 3:08:57 PM): accumulate 5800 pe at 40 41 sl 32 .

kailash123p@yahoo.co.in (4/18/2013 3:10:32 PM): every thing is discounted at 5800 rate cut all gud results …so buy puts here

kailash123p@yahoo.co.in (4/18/2013 3:12:03 PM): 44 traded book 50 % at 44 and above keep sl at cost

kailash123p@yahoo.co.in (4/18/2013 3:14:12 PM): sell 5700 ce at 103 104 sl 120 tgt 55

5700 ce 103 to 84 within 15 minutes – gained 20 %

kailash123p@yahoo.co.in (4/18/2013 3:15:59 PM): 47 now trail with sl at 45

kailash123p@yahoo.co.in (4/18/2013 3:16:53 PM): 49.95 traded 10 rs gain in 10 min

More than 20 % gain within 15 Minutes 

kailash123p@yahoo.co.in (4/18/2013 3:19:06 PM): see volatility pe from 50 to 40… 40 to 50 and now at 46 ..better is book gains if u will get opportunity

kailash123p@yahoo.co.in (4/18/2013 3:20:15 PM): hold ur ce short for 3 days u will see it at 50 55

kailash123p@yahoo.co.in (4/18/2013 3:21:22 PM): book 100 % gain at 49.90

Vix is resting at 50 day moving average and nifty too trading at 50 day moving average ..we will have to find out possibilities that will nifty sustain above 50 DMA and trade above it or will come down ?

Horizontal channel top is at 5784 …nifty spot is trading there  …will Nifty breach that channel ?

Falling trend line is passing through 5809 ..will nifty breach that trend line easily ?

if answer is yes then nifty will trade for 5870  5969 levels next week .

On failure it may trade in range of 5770 5820  for full week …if  repelled by channel top or falling trend line or 50dma  nifty may slip to 5720 5676 or 5545 levels ...

advised to spot the trend first and trade wisely without emotions and proper sl management

Nifty analysis using VIX , channels and trend lines for week ending 26 April 13