Flat to slightly negative opening is expected with range bound or slightly negative bias due to these reasons>>>sudden break in momentum 1.96 % to .16 % is clearly showing that it was buying climax on Friday move so be ready for a corrective move very soon may be today as FIIs inflow reduced to half 2500 cr to 1200 cr sequentially… eod chart is showing that rsi 83.26 mfi 88.34 +D1 at 51.62… volumes were slightly lower compare to Friday . Intra trading can be done as per levels …may trade long and short as well seeing intra positive or negative wave but futures will slip below 6500 then bears will dominate … above it tug of war will continue …
Trade in Nifty futures as per these levels
Buy at / above: 6581 Targets: 6598 – 6618 – 6638 – 6659
Stoploss : 6561
Sell at / below: 6561 Targets: 6544 – 6523 – 6503 – 6483
Stoploss : 6581
Yesterdays few trading calls …
[×] [o] admin: NG traded at 281.50 bang on tgt 1 heading towrds 2 call firstname.lastname@example.org (3/10/2014 4:53:21 PM): SELL ng below 285 sl 287.20 tgt 283.60 281.20 trading at 285.20 http://prntscr.com/2zku9s
[×] [o] admin: tata motors 400 pe bang on tgt +++ call wa s email@example.com(3/10/2014 10:02:52 AM): BUY tatamotors 400 pe at 9 sl 4 tgt 13 gain 4000/- per lot within 4 Hrs of entry in trade captal on risk 9000/- gain in % terms 40 % or more brokerage per lot maximum 60 both way http://prntscr.com/2zl97s
[×] [o] admin: crude traded at 622 bang on tgt 2 call was 10 Mar 14, 11:40 AM [×] [o] admin: SELL crude 6260 70 sl 6292 tgt 6242 6222 gain 3800/- per lot is it Dhanvarsha ????????????? http://prntscr.com/2zj2hu
[×] [o] admin: bn bang on tgt 1 call was 10 Mar 14, 10:26 AM [×] [o] admin: SELL BN at 12043 sl 12151 tgt 11960 11820 enjoy dhanvarsha gain 2500/- per bn lot more than 100 points http://prntscr.com/2ziqre
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It is time of turn as per Gann dates ….
W D Gann through his extensive research have found that on certain dates of month market trend changes. Gann says that these days the Sun comes at 15 Degree and 90 Degree with earth. These are very significant positions , market sentiments changes on these dates.
Listed below are the important Gann Dates. Sometimes Gann dates are exact and at times it is a day or two ahead or behind. Remember that we are looking for price and time to meet and become balanced. There are times when price is ahead of time and time is ahead of price. Once we convert these degree into days you get the dates the market makes major highs, lows, tops and bottoms.
slipped below up trending line at hourly chart http://prntscr.com/2zsaio
Flat opening expected on 11 march