Tuesday, August 17, 2010

Nifty Trade for 17-8-10

Good Morning friends,
Today Nf again open gap up but still facing resistence to climb higher.
A break above 5444 & sustain can take it to 5470 level again.
One can short at curent levels with sl -5445 for a target of sub 5400.
Above 5444 SAR and aim for 5470.
Now a days I am much concentrating over my trades hence not able to post regularly
Trying to hard to be regular now onwards.

Trades for today:
Buy Nf @ 5390 Sl-5375 T-5420,5450,5470
Short Nf @ 5435 SL-5445 T-5420,5400,5380

Buy BN @ 10680 Sl-10650 T-10720,10750,10800
Short BN @ 10665 Sl-10700 T-10630,10600,10550

Trades as per Swing Trading
System Short Sar 5480 (on Closing basis)

6 comments:

  1. Nf still in the same range of just 10 points.
    Any side break will give atleast 20 points.
    Bring down sl to 5441.
    Long above 5444 for 5465

    ReplyDelete
  2. Now a days I am trying for a weekly Target of 200 points gain In Nf

    ReplyDelete
  3. Meanwhile Nf breaks its range.
    Now if 5425 breaks we will see 5411

    ReplyDelete
  4. If Nf again trades above 5435 now cut shorts.

    ReplyDelete