Is it Head and shoulder pattern in nifty day chart?

Is it Head and shoulder pattern in nifty day chart?

            As per our weekly prediction we expecting Nifty for the near term target upto 5400, but in Nifty day chart head and shoulder patter has generate, see a big support in nifty  it has generated two time in 4900 this support will act as a shoulder. 4800 is a one more big support, it has explained in our weekly nifty predication before. So this support act has a head in this head and shoulder pattern. If this pattern starts to work then we can see the nifty up to 5600 soon, in the attached picture it has drawn for your reference. Let see how this pattern works in coming days.

            On Friday ema has generated two wrong signals, also we didn’t give nifty day level for the day. Let see our nifty day level for todays.

           Today on monday ema generated a sell signal after 10am and given a profit of near 20 points, due to nifty gap down open, market move in down trend for low points.
         
         Market will go to down trend if 5020 spot nifty breaks and we can see the market in bear point of 5000, 4985, 4975.
         Bull can take a market once spot nifty breaks 5067 and it can take market to up trend to 5080, 5100 and 5110. 

Nifty trading is an art.

            Trading is an art, learn the art from here. In our blog you can find plenty of ema trading technique examples. Each day nifty ema trading technique trade has been explain after the market hour with pictures, so that new traders can also learn from these posts. Experience trade can share your ideas in our post or in the chat box too. Let we create new trading trend in the Indian share market with ema method. 

            See the today’s  spot nifty  movement , market opened above our 34 ema trend line  and maintain the level till 10am also, we enter our trade after 10am with the close of a white candle means positive close, if traders miss the opportunity market has given two more chance too, see the picture entry level marked on it. Just copy and past these photos in pc or laptops and use as a reference while market time. By this entry level we could able to manage to take 25 point profit on this buy level.

              But our nifty day level didn’t generate any buys sell signal today, so no need to talk more , let see today’s level Buy nifty futures once spot nifty breaks 5138 for the near target of 5150, 5167 and 5175  and use a stop loss at 5091

               Nifty future sell can be initiate at spot nifty 5090 breaks level for the target of 5076, 5060 and 5050 and use stop loss at 5139

Free Nifty day level - 05/09/2011

Hi traders,

    New month has started; just take a review of our last month calls, so for our nifty call maintaining more than 95% success in day trade. Day traders who follow our call they are rocking on free nifty level trade also from ema trading technique. Why people want to learn too much complicate technique to trade if a simple trading technique generated a good profit in day trade.

See our Friday ema trading technique has given two trade entries. Both enter has generated 20 point each.

05/09/2011 nifty trading level if markets cross 5070 above just go for buy and use 5035 as a stop loss target will be 5085, 5100 and 5115.

Sell nifty future once the spot breaks 5035 for the target of 5025, 5010 and 5000 use stop loss for this sell call 5070.

Free spot Nifty levels for 30/08/2011

Dear traders,
        Nifty has generate a good support level in the last 3 trading days, using this support investors can create a good portfolio with Blue-chip stocks. Invest your 50% capital in this time and wait for the new resistance level, if the new resistance level generate then invest your remain capital after the resistance breaks.

    As per our yesterday free nifty call we achieved our three target, but we have a strategy that is only we need to trade after 10am.but yester day nifty spot crossed its buy level before 10am so its has not in my success call list, even some traders took risk and they generate a good  profit with this call.

    As usual   our EMA trading technique http://niftyfuturebuysell.blogspot.com/2011/08/ema-trading-technique-for-nifty-day.html given a good entry yester day and most of the traders earned decent profit on it.

Nifty spot level for 30/08/2011


    Buy nifty future once spot nifty cross 4893 level for the target of 4910, 4925 & 4935 and use strict stop loss at 4846

    Sell nifty futures once the nifty spot cross 4844 level for the target of 4830, 4820 & 4800 stop loss for this short call is 4890

Todays Nifty Range - Free Nifty tips -16/08/11

Dear Friends ,
Last week was a fantastic week for people who done short and long in Nifty future at timely, same we can expect Nifty can give good profit for the coming day.
This is our today's Nifty Buy sell level, using this level you can take your positions.This level will work after 10AM, so wait and do.

Nifty Buy level- 5142 Tgt-5160,5175,5196 - Stop loss- 5112
Nifty sell level - 5106 Tgt-5095,5080,5053.- stop loss- 5139

Both nifty level can be give a chance to do in intra day . don't miss it.

EMA trading technique for Nifty day trade

EMA trading technique for Nifty day trade

Dear all,

Thanks for using our Nifty live chart, from now onwards I am planned to give some use full trading technique that can be practically useful for your daily trading.

Today I am going to give a simple and profitable trading technique. This trading technique is called EMA; you all know EMA is nothing but exponential moving average, how this has been calculated.

EMA (current) = ((Price (current) – EMA (prev)) x Multiplier) + EMA (prev)

Ok let keep the formal as a formal come to practical , above nifty live chart shows 13,21,34 and 102 EMA for the day trade, if you are a day trader then my recommendation is 34 ema is the best signal for Nifty intra day trade.

Let see the nifty live chart 34 ema line, once the candle close below the 34 ema line place a sell order (the candle should be Black that means close price should be lower than open price). See the nifty chart once the price comes below the candle, market come to new low prices. This is the entry method for this trading technique; if you are trading on multi lots you can close the lots on different price with the profit of 10 to 15 points.

This is very simple and profitable Nifty trading technique. As per my experience you can solidly get 1 to 2 trades on intraday basics. If you made a loss on two trade on a same day live it don’t go for the next, protect your capital for the next day trade, this should be your main motto of your trading plane.

See you happy trade.