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Industry : Equity Research/Analytics Functional Area : Equities
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stocks

nifty

banknifty

Activity:  1 comments  158 views  last activity : 07 06 2010 20:18:04 +0000
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NIFTY FUTURES CLOSES ABOVE 4850...........

NIFTY Futures opened today on a very flatish note @ 4808 up by only 10 points. It spent the early session in a narrow lacklusture trade with very thin volumes.It made an intraday low in the mid session @ 4788. But towards the End it was a BlowOff. It closed the day with a premium of 35 points over Cash @ 4890.

Today was the much awaited day, as It has finally managed to close above the Important level of 4850 mark. And with a Premium of 35 points over Cash Nifty is also very Positive.Now if this Momentum continues for tommorrow, we could easily make an attempt towards 4950 zone. On the downside, the support now stands @ 4740 - 4775 zone.

Our Outlook on Nifty Futures has turned Positive now. The next possible hurdle for Nifty is the Double Top made in the charts ie 4950 mark. Breaking of which will take Nifty very quickly towards 5050 Area. Any Dip in Nifty towards 4780 mark should be used to enter Nifty for a possible target of 4950, and if it breaks , next towards 5050 mark.

OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH

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We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com

 
1 comments on "NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM"
  Commented by  Esha Johar, Risk Analyst, Irevna    | 02 17 2010 10:05:01 +0000
Thanks for for the information.
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