Monthly Archives: June 2013

Bank Nifty & Nifty Trading Strategy for 21 June’13

Nifty as on 20 June’13– 5655.90 (-166.35)    Bank Nifty as on 20 June’13– 11375.40 (-477.25)

What else we can say, we hope our Analysis and unbiased view helps to mint money from the market. Do we actually need to justify that we had advised our readers at right time with right strategy and view. We don’t think so, our work speaks itself, only we can say is, we are writing with dedication, and here you don’t find anything, which is just for attracting viewers count. In our last article, we had clearly shown you the direction, how to trade in Nifty, but as human nature it was difficult to trust blindly. We advise our readers to read our weekly and daily articles, and keep reading.

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It was expected that Nifty and Bank Nifty will either open gap up or gap down, and finally, we don’t need to wait for opening, global markets were trading on weaker note, which was very obvious signal that market has to open gap down. Similarly, Bank Nifty opened 11677.35 and that was the high for the day, made a low of 11347.55.

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Bank Nifty & Nifty Trading Strategy for 20 June’13

Nifty as on 19 June’13– 5822.25 (+8.65)    Bank Nifty as on 19 June’13– 11852.65 (+31.70)

Bank Nifty Technical Chart as on 19 June'13 - Way2ProfitsIt happens many a times that chart speaks thousand words. Nifty and Bank Nifty moved in a consolidation during yesterday. But Bank Nifty draws attention. Please see attached chart of Bank Nifty, first of all bank nifty is consolidating near its 200 DEMA from last few days, and also if we draw a simple trend line from the high of Bank Nifty than still it is valid, which clearly indicates that, below this trend line, Bank Nifty will stay in negative zone, and turn traders attention, it has to give upside breakout. It looks so simple, isn’t it? But traders don’t take this seriously.

Nifty Trading Strategy

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Nifty & Bank Nifty Trading Strategy for 19 June’13

Nifty as on 18 June’13– 5813.60 (-36.45)    Bank Nifty as on 18 June’13– 11820.95 (-150.10)

Yesterday was quite a choppy day for Nifty and Bank Nifty both. It was expected that Nifty can move effortlessly above 5870, but to our surprise Nifty made a high of 5863.40. Traders, it was clear challenge to Bulls party from Bears, we are there and don’t try to underestimate us.

Nifty Trading Strategy

Even yesterday we had mentioned that traders should wait for 5870 to break, above which first target comes at 5975. But, to go short trader has to wait for break below 5775 on closing basis. In between 5870 and 5775, we don’t see any trading opportunity.

Bank Nifty Trading Strategy

As we mentioned yesterday, Bank Nifty is still under risk. We sense that Bank Nifty will move lower further towards 11500 levels. Aggressive Traders can take short call on the market.

At Way2Profits, we always give you unbiased view. Please, don’t take our ideas as trading recommendations, it is just for educational purpose only, and we don’t accept any responsibility for the same.

Nifty & Bank Nifty Trading Strategy for 18 June’13

Nifty as on 17 June’13– 5850.05 (+41.65)    Bank Nifty as on 17 June’13– 11971.05 (+48.10)

Nifty and Bank Nifty both moved higher in first day of the week. It seems that Bulls are betting aggressively, and Bears are cutting their hands. Whatever the case may be

Nifty Trading Strategy

As we mentioned in our weekly article, traders should wait for 5870 to break. Although looking at yesterday’s price action it seems effortless for Nifty. Above 5870 Nifty has first target of recent swing high of 5975.

Risk takers can go long in Nifty above 5870 with some financial stop loss. Traders can initiate Long Call Option Trading Strategy.

 Nifty Option Strategy – 18 June’13
Strike Price Options Recomm Lot Size Stop Loss
5900 CE 45 50 25

Bank Nifty Trading Strategy

Bank Nifty is still trading under risk, we would advise to wait for one more day.

Bank Nifty Long Strangle is also giving near about 60% return. I am sure many of you must have booked the position already, if not than book it.

At Way2Profits, we always give you unbiased view. Please, don’t take our ideas as trading recommendations, it is just for educational purpose only, and we don’t accept any responsibility for the same.

Bank Nifty Technical Outlook for 17 June, 13

Bank Nifty Daily Chart as on 14 June’13 – 11922.85 (+236.10)

Bank Nifty Daily Chart as on 14 June’13 – 11922.85 (+236.10)

Bank Nifty Weekly Chart as on 14 June’13 – 11922.85 (-308.65)

Bank Nifty Weekly Chart as on 14 June’13 – 11922.85 (-308.65)

From the beginning of the last week, Bank Nifty started to tumble down; on Monday it closed above 12070, but from Tuesday morning it was clear that Bank Nifty has to fall. But on Wednesday and Thursday, Bank Nifty moved in a very narrow range with very small real body, which was indicative that bears are still struggling, or bulls have hope of support from its 200 Day Moving Average. Whatever it may be two days of indecision has given good chance for reversal.

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Nifty Technical Outlook for 17th June, 2013

Nifty Daily Chart as on 14 June, 5808.40 (+109.30)

Nifty Daily Chart as on 14 June, 5808.40 (+109.30)Nifty Weekly Chart as on 14 June, 2013 5808.40 (-72.60)

Nifty Weekly Chart as on 14 June, 2013 5808.40 (-72.60)

Market draws its own boundaries.

Every week, market as a teacher gives you one lesson. Now, it is up to traders whether they learn or not. A student comes to school, teachers share their wisdom of knowledge with every child, but it up to an individual student how he or she understands taught topic, teacher can’t go to individual student and keep teaching separately. Similarly, markets give lesson to traders. At Way2Profits, we always try to share our understanding with fellow traders.

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Weekly Technical View for 17 June onwards

Technical Views from our Guest Author Mr. Harish Thakkar

nifty weekly analaysis - Harish ThakkarCorrective rise of the fall started with gap opening, making day low 5739 above previous day high 5729 on last Friday. Holding 50% gain of last rise = 5751 (H 5819 & L 5683) market can reach to 5878 on the basis of behavior of previous fall.

Fall from 6229 to 5937 = 292. Than rise from 5937 to 6132 = 195.Now if we add this 195 to last low 5683 = 5878.This is below June open 6011 & 61.2% Fibo.6020.

From above observation 2 probabilities emerge.

One, if market cross over and hold 6011 then possibility opens for New High in 2013.

Secondly, if Nifty holds below 6011 means making Monthly swing down which can extend to 5878-292=5586 Usually weak market do not correct more than Fibo 38%=5891.

Trading strategy buys in dip, SLO 5751 if market dips due to RBI policy on Monday or wait the event to pass. I use simple thumb rule of trading long above 5DEMA and short below it keeping all other things secondary at back of mind with larger picture without bias.

Nifty & Bank Nifty Trading Strategy as on 14 June’13

Nifty as on 13 June’13– 5699.10 (-61.10)    Bank Nifty as on 12 June’13– 11686.75 (-128.10)

Nifty opened gap down by 50 points and didn’t give any chance to traders who expected blood bath in the session. In fact it didn’t gave any chance who go short in live market, they all stuck. Only who were already short in market were benefitted. Similar situation was of Bank Nifty.

Technically speaking, pace at which market is falling and last two trading sessions candle force me to doubt on Bears, because from last two sessions we are getting very small real candle, like doji and star pattern, which is indicative that Bears are not in full control of the situation. On the other hand, if such situation persist, than perhaps we might get Hidden Bullish Divergence, it is little early to comment on it. But be practical and focus.

Nifty Trading Strategy

Yesterday, Long Strangle gave more than 60% return on your invested capital in an intraday, as I have already asked my readers to book profit. Now we’ll wait for right opportunity.

Bank Nifty Trading Strategy

Bank Nifty Long Strangle is also giving near about 60% return. I am sure many of you must have booked the position already, if not than book it.

At Way2Profits, we always give you unbiased view.

Nifty & Bank Nifty Trading Strategy as on 13 June’13

Nifty as on 12 June’13– 5760.20 (-28.60)    Bank Nifty as on 12 June’13– 11814.85 (-5.65)

It seems that after steep fall of last two sessions, Nifty and Bank Nifty took halt from falling spree. Both Nifty and Bank Nifty found support from its 200 Exponential Moving Average (EMA). Now whether this important average will be taken away or not will be a crucial point to watch for. If yesterday’s low will be taken away then it will be signal that weakness will persist.

Nifty Trading Strategy

Long strangle suggested was giving nearly 40% return, when high and low of call and put option taken together. Traders can book the position in an intraday. On closing basis strategy @ 62.

Bank Nifty Trading Strategy

Bank Nifty Long Strangle gave excellent return of 58% on high and low basis. I hope my readers must have minted good money from this strategy.

At Way2Profits, we always give you unbiased view.

Nifty & Bank Nifty Trading Strategy as on 12 June’13

Nifty as on 11 June’13– 5788.80 (-89.20)  Bank Nifty as on 11 June’13– 11820.50 (-266.55)

After almost five frustrating sessions, finally Nifty gave breakdown. Possibility of positive reversal was negated by give move below 5850. Bank Nifty opened gap down and continued its downswing.

Nifty Trading Strategy

We have suggested Long Strangle in Nifty @ 57, which is already running in profit closing of Long strangle prices are 67.90, technically speaking traders are getting return of more than 18% on invested capital of 2800, which is Not Bad. I advise my readers to hold this position and if you find return of more than 50% than start trailing stop loss. Enjoy the ride.

Bank Nifty Trading Strategy

Bank Nifty Long Strangle is giving more than 35% returns on invested capital. As expected Bank Nifty confirmed bearish signal given day before yesterday. Recommended Long Strangle @ 128 is running at @175. I am expecting Bank Nifty to test minimum 11500 level.

Keep visiting Way2Profits, for risk-less trading strategy. And I am sure if you continue to follow us, you’ll be benefited.