NiftyPower Performance - April 2013
After a bumpy start to the month of April, we pulled our Performance and now can boast of good returns of over 20% for the second straight month! What makes this performance special is that our Live Nifty Charts is giving a negative return this month. Live Nifty Charts is a mechanical system for Buying and Selling and is projected Free for all traders, on our sister website www.niftycharts.co.in. To beat a mechanical system in Performance is always special, as it shows how difficult the market has been. There has been wild moves on both sides, without a defined trend. To counter such moves, we reduced our number of calls after the first week, and focussed more on accuracy. The result is Satisfactory!
Nifty Options is the best performing package so far, with returns of over 36% for traders following our Risky traders strategy. It is also heartening to see Nifty Futures Positional clocking more than 16% gains this month. Positional package has traditionally been our best performing package, with very limited calls and very high accuracy. We will strive to continue this good performance in this package.
As for Nifty, after moving below 200 DMA, it has once again bounced back above it. Short term sentiment is UP at the moment, however, we have seen that these can change very quickly. Currently, we are looking at a trading range of 300 points for the next 1-2 weeks. The most likely range is between 5630 to 5990. Above 5990, we would be expecting a New High on the Nifty,a nd would trade accordingly. More Nifty Views will be shared through our Blog as and when new developments take place.
Happy Trading!
NiftyPower Team
NOTES:
Nifty Options is the best performing package so far, with returns of over 36% for traders following our Risky traders strategy. It is also heartening to see Nifty Futures Positional clocking more than 16% gains this month. Positional package has traditionally been our best performing package, with very limited calls and very high accuracy. We will strive to continue this good performance in this package.
As for Nifty, after moving below 200 DMA, it has once again bounced back above it. Short term sentiment is UP at the moment, however, we have seen that these can change very quickly. Currently, we are looking at a trading range of 300 points for the next 1-2 weeks. The most likely range is between 5630 to 5990. Above 5990, we would be expecting a New High on the Nifty,a nd would trade accordingly. More Nifty Views will be shared through our Blog as and when new developments take place.
Happy Trading!
NiftyPower Team
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