Nifty Sensex are in buy zone 21 May 2015
Both the Indices are in Buy Zone now in all time frames.
The rally may be short lived or it may have many legs,but only trade now possible is to buy.
Nifty is buy with stop loss of 8370-8380 intraday and positional basis.
Sensex is buy with stop loss of 27690 intraday and positional basis.
And Reverse the positions if stop losses are breached.
We are already long using Nifty Calls
Update: At 10.30 Nifty traded very close to stop losses but none triggered.
Update on 22 May 1.50 PM:Move stop loss to 8425
Update on 22 May 1.55 PM:Covered the longs and shorted market with SL of 8500
Analysis of Indian Stock Indices for trade on 15th May 2015
We are struck in range and there is very high volatility.
In Nifty ,the range is between 8050 to 8400.Sensex has the rough range of 26800 to 27600.
Trading in range could be bit tricky and may trigger many stop losses .
So we are out of market for time being.
8250 level is the magnet in Nifty.When Nifty rises or fall 100-150 from 8250 one may take the opposite position.
So when Nifty is at 8350-8400 levels,short is possible with stop loss of 8450.Similarly if Nifty falls to 8000-8050 level long trade is possible with stop loss of 7950.
Frankly we will be disinclined to trade unless the range is broken and a directional move starts.
Nifty Sensex Perfect Short on 12th May 2015
Yesterdays market action suggestion a buy as soon as Nifty got above 8260.
Today at 9.30 AM it has failed the pattern.
We had a small loss in longs as they were created at 8260 and we exited at 8240.
Taking small loss is part of trading.
So we are out of longs and shorted heavily .
Stop loss for shorts : 8260 (Sustained Trading for 15- 20 minutes or big upmove above that level)
in Sensex Stop loss is :27300.
And initial target is 8140 in Nifty .
And if it fails to hold then we are going below 8000.
Update at 11 AM : new Stop loss is 8225 (Sustained Trading for 15- 20 minutes or big upmove above that level)
Update at 12 AM : new Stop loss is 8190(Sustained Trading for 5- 10 minutes or big upmove above that level)
Update at 12:30 PM :Got out of shorts at 8152 as first target was hit and market started bouncing back
Nifty Sensex Buy and Sell Levels 11th May 2015
Nifty is currently in no trading zone.
I will Buy if Constant trading for 10-15 minutes or big uptick above: 8252
I will Sell if Constant trading for 10-15 minutes or big Down tick below : 8159
No Trading zone: 8159-8252
I will Buy if Constant trading for 10-15 minutes or big uptick above: 27275
I will Sell if Constant trading for 10-15 minutes or big Down tick below : 26961
No Trading zone: 26961-27275.
Nifty Sensex are rising in spite of pessimism in global markets about India and FII selling.
Lets see if today they can go into bullish road pr will go for another round of fall as the trades discussed above are positional and will be carried forward to next trading session .
Nifty Sensex for 08 May 2015
Nifty and Sensex have been in severe downtrend for last several days.
Both are still short targets but stop losses of shorts have come down a lot.
Nifty last closed at 8057 .Stop loss for shorts is now at 8125 .
(There are two ways of triggering stop loss.One if Nifty trades above that level for 10 -15 minutes,Then exit is possible.Alternatively we can put a stop loss 20-25 points above this level,which will be triggered if nifty surged with a big uptick.)
If Nifty falls below this level again new shorts can be created (Again 15 -20 minutes trading or big down tick) .
Shorting at last closing level is also possible but not too tempting.
In Sensex stop loss for shorts is 26855.
This is not a market for creating new longs.But longs can be created if Nifty goes past 8266 and Sensex crosses 27320.
Nifty Analysis for 7th May 2015
Still we are in Bear Grip.Initiate new shorts on pullback rallies only or alternatively stay out of market.
Stop loss for shorts is 8200 Level in Nifty.
As yesterdays fall has given 200 points to those who shorted it,Staying out of markets is not a bad idea.
Level for creating new longs is 8300 now,which will come down as nifty grinds near 8100 levels.
Building longs in this is a risky strategy but for brave-hearts the level to start building start building is near 8000.
We will ove to build longs in strength only. So as of now no longs till 8300 is breached.
Update at 12.30 PM : Stop loss for positional shorts is now at 8163. A low risk high gain opportunity appeared when Nifty breached 8040 again at 12.30 PM.Long trade was initiated with stop loss of 8020 in Nifty.
Short Nifty Sensex on 06.05.2015
Both the indices were trying to stage a counter trend rally,which lasted for 2 days.
Yesterday was a small range day in which indices tried to break shackles and failed.Yesterday FII’s sold stocks worth 756 crores.Europe ended in deep red and Wall street also tanked.
Looks like an easy short but certainly I will like to see breach of 8288-8280 and some time spent below it before shorting .
What to do if market tanked in Opening itself?
Then shorting is easy with stop loss of 8325.
But if market stays above 8280,Short is not prudent.
For Sensex shorting level is 27280
And Stop loss for shorts is last closing i.e. 27440.
And buy only Above 8360 in Nifty and 27600 in Sensex
Update at 9 AM : Looks like nifty is opening with a small Dip only.Short is only possible if Nifty tardes below 8288 for 10-15 minutes.Buy strictly above 10-15 minutes trading above 8360
Update at 11 AM :Congrats to those who managed to short.First Target is a dip below 8000.Stop loss 8235.(or 8250 in NF) even if markets pierced the level for one minute.
Nifty Sensex Strategy for 5th May 2015
Both the indices are in no trade zone but very close to buying zones.
Nifty is buy only if it trades for 15-20 minutes above 8352.
Below 8257, Nifty is short.
And in no trade between these two levels.
In Sensex buying level is 27610.
And Shorting level is 27270.
Analysis of Nifty Sensex for May 2015 Expiry Series
April Series was brutal.
Nifty and Sensex Closed at new lows as we have positioned ourselves.
Now what to do in new series of May 2015?
Our trading style at nse2rich is that we do not predict markets but work on levels.
8269 in Nifty and 27352 in Sensex is the level to get out of shorts.But its not a level to build new longs.
Below these levels markets are short.
Level to get bullish is 8366 in Nifty and Sensex it is 27666 as of now.
But these will certainly come downwards with each passing day (if markets fall more) and We will post new levels at appropriate time.
Now the indices are Bearish .
Nifty Sensex in Grip of bears on 24th April 2015
Now both the indices are in grip of bears.Do not think about getting long in both indices.
Stop loss for Bears is at 8420-8500 region.
And levels to go bullish are much higher.As on 24th April 2015,8574 is the level to go bullish on Nifty and 28280 is the level for Sensex. Indices have become bearish on daily basis also.
There is every hope that we are in Bull Market,but this is the first serious correction in this bull market.Let the dust settle before going long.
Support is in region of 8250 and there is high probability that it will get broken too.
And for shorts,wait for counter trend rallies to initiate new positions.
Disclaimer:We are already short on markets for last 2-3 trading sessions.