8 Jan - Nifty View

On Monday, Nifty opened up, and after trading rangebound for most part of the day, declined to close near the lowest level of the day at 5980 level. 5980 was also the gap support level for Nifty spot, which, it had been able to defend last week. Sustaining below this level will be the first sign of weakness. Aggressive traders can close their Long positions and go short below 5980 on closing basis, with a tight stoploss above 6020 closing on Nifty Spot. Confirmation of this short trade will come only when Nifty spot closes below 5940 Spot level. Hence, conservative traders can skip this aggressive trade and wait for a confirmed signal.

The Nifty Option OI Charts are given below:    

On the Nifty Options front, it was a nothing kind of day, with the Bulls not doing much and the Bears also adding a very small quantity of 11 lacs+ in Nifty Options of 6100 CE to 6300 CE strike. Overall, 600 is the 50:50 level between the Bulls and the Bears. 6200 is the biggest resistance, with open interest at Nifty Options of 6200 CE already crossing 80 lacs. 5900 and below are the supports as of now.

For tomorrow, immediate resistance for Nifty Spot comes at 5995/600 level. As long as Nifty stays below this level, the intraday trend should be considered negative and Short trades should be preferred. Above this zone, Nifty will again head for its higher level resistances of 6020/6050 and 6075. On the downside, support for Nifty Spot now comes at 5980 level. This is the gap support level, and below this level, Nifty will slide to close the gap towards 5960 and 5940 levels. If it closes below 5940, it will considered a failed breakout.

8 Jan - Nifty Spot resistance at 5995-6020-6050-6075. Support at 5980-5960-5945-5930 - www.niftypower.com

Visit here for Nifty Tips - Nifty Future Tips and Nifty Option Tips

P.S.:
You can see Live Nifty Charts with Buy Sell Signals during market hours Free on our website www.niftycharts.co.in

Also, Read our Daily  Nifty Analysis published on our Blog www.nifty-power.blogspot.in and have an Edge in you trading

For our regular Paid SMS Services, see Rates and Services Page on www.niftypower.com

Nifty Charts Consolidated Performace for 2012

We started projecting our Live Nifty Charts on www.niftycharts.co.in in the mid of June 2012, The first month after launch turned out to be a rocket month. Beginners Luck :). Coz in the very next month, Live Nifty Charts gave negative returns. Now, after completing 6 months of this service, here is a look at how our Live Nifty Charts performed in the 6 months since launch:

Live Nifty Charts Consolidated Performace - 2012
Month	Max. Possible Profit/ Lot	Profit with 1 Lot Strategy	Profit with 2 Lot Strategy	Profit with 3 Lot Strategy
Jun-12	545	305	710	1175
Jul-12	-11	-111	-202	-333
Aug-12	125	45	126	227
Sep-12	233	153	271	341
Oct-12	111	11	65	185
Nov-12	112	0	3	38
Dec-12	273	160	339	385
Total	1388	563	1312	2018
Profit in Rupees	69400	28150	65600	100900
Investment	25000	25000	50000	75000
%age Profit	277.6%	112.6%	131.2%	134.5%

To see this table in a spreadsheet, click here

The Assumptions in the above table are:

1. Investment for 1 lot in Nifty Futures is taken as Rs. 25000. Normally, brokers are offering  margin of only Rs. 11000. However, we recommend keeping some additional cash as Safety Money, hence have taken it as a round figure of 25000.

2. Brokerage and Taxes are not subtracted from the profit. These differ from person to person. We have always emphasized the importance of Low Brokerage. If you want to know the pitfalls of high brokerage, read this article by clicking here.  

Now lets get to the Performance. We generally recommend all members to follow either the Safe Traders Method, or Risky Traders method. In the Past six months, if one would have followed these 2 strategies for trading, the total Net Profit would have been 1312 poits and 2018 Points in Nifty Futures respectively. That's a Profit of more than 130% in just six months! What this means is, had you followed all the signals generated by the Live Nifty Charts over the last six months, you would have more than doubled the money that you put into your trading.

If you see the details of our Performance, you will find that not all months have been profitable. If you try to figure out the accuracy of the Live Nifty Charts, it will not be more than 70%. These are the two most Frequently Asked Questions to us. And our Performace shows just how irrelevant these questions are. You dont need a very high Accuracy to earn from the market. Also, keep in mind that all months will not be profitable. Market does not give a monthly Salary. In Market, when it rains, it pours. But there will be occasional dry months in between. That is the reason why we always recommend having some Safety Money for trading, and Not to Trade with all your capital.

Our Live Nifty Charts are projected every day, for every one to see. All that is required to make such profits is Discipline to follow the Signals beig generated.

Hope to have an even more Profitable 2013.

Happy Trading!

NiftyPower Team

P.S.:
You can see Live Nifty Charts with Buy Sell Signals during market hours Free on our website www.niftycharts.co.in

Also, Read our Daily Nifty Analysis published on our Blog www.nifty-power.blogspot.in and have an Edge in you trading

For our regular Paid SMS Services, see Rates and Services Page on www.niftypower.com

3 Jan - Nifty View

On Wednesday, Nifty again opened Gap up, and then traded in a narrow band to close near 5990 level. The trend is up since Nifty broke out from the zone of 5840 to 5940, and it should be considered to be up only, till the time Nifty gives a close below 5920/5930 level again. Positional traders should have opened long positions on Tuesday itself, when Nifty closed above 5940 level. They can now keep their stoploss below 5920 Nifty Spot level. On the upside, Nifty is right at its next resistance point of 5990. Above this, 6020 and 6075/6080 are next major resistances to watch out for.

The Nifty Option OI Charts are given below:     

On the Options front, the Bears are busy building a fortress at higher levels. They added a huge quantity of 33 lacs+ open interest in nifty option strikes of 6200 CE to 6400 CE. On the other hand, the only significant open interest addition by the Bulls was that at nifty option strike of 6100 PE, where they added 8 lacs+ open interest. Overall, there is no 50:50 level in the Option Charts as of now. 5900 is a minor support, while 6000 is a minor resistance. 5800 is the biggest support level for the Bulls, while 6200 is the biggest resistance level as of now.

For Thursday, immediate resistance for Nifty Spot comes at 5990/5995 level. Staying above this, the Bulls will be in control, and they will take Nifty higher towards 6020 and 6050/6075 levels. On the downside, support for Nifty Spot comes at the Gap level of 5980 of today. Below this, gap filling can happen, which can take Nifty down towards 5960 and 5945/5930 levels. Till the time Nifty sustains above 5930/5925 level, the short term trend should be considered to be up only.

3 Dec - Nifty Spot resistance at 5995-6020-6050-6075. Support at 5980-5960-5945-5930 - www.niftypower.com

Visit here for Nifty Tips - Nifty Future Tips and Nifty Option Tips

P.S.:
You can see Live Nifty Charts with Buy Sell Signals during market hours Free on our website www.niftycharts.co.in

Also, Read our Daily  Nifty Analysis published on our Blog www.nifty-power.blogspot.in and have an Edge in you trading

For our regular Paid SMS Services, see Rates and Services Page on www.niftypower.com