Trade Plan 14th July 2014 :

NIFTY : 7459

Daily charts :

MACD Negative Divergence.
Strong narrow channel broken downside with heavy volumes.
13/22 ema cross over yet to happen.

We shall head DOWN till first support of 7200-7250.

Weekly :

SS

Trade Plan : Feb2014 Expiry

20th Feb
NIFTY :

Daily 13 ema @ 6091
          22 ema @ 6109
MACD below 00 .

Prices touched the upper end of the boundary with dried volumes.
Prices Drag back with bulk volumes.

Target ??  Lower end of the channel.

Lets SHORT FULL THROTTLE till prices clock below major 13/22 ema's
Ideal SL for future positions , upper end of channel , near 6150.

Please note : Falls are severe when prices jump from all resistances but fall back below it .

SS

Trade Plan 3 October :

NIFTY :  

Weekly -
Lets start with weekly chart .

With MACD crawling near zero mark and prices dancing near major ema's , one thing is certain , in coming weeks , the moves are going to be MASSIVE. Which way ? I cannot make out from weekly charts at this point of time.

Daily -

If the falling channel is into play , we are close to upper end of the channel.
MACD (above zero) is shaping up to fall below zero , look at the macd histogram sliding below zero each day.

If the channel boundaries are respected , macd lines will crack the index falling below zero.
Weekly chart will sing on the tune.

5860 is the point I am considering as crucial for now.
By the time 5860 is not convinvincgly taken out (day close) , its wise enough to GO SHORT .

If we go and give a close above 5860 , don't waste time in blinking your eye , go aggressively long (intraday trades).
Why intraday ? Because even the channel breaks out , re-entry into the channel is never ruled out and that move is wildly ferocious. With volumes not picking up near the channel boundary , I am more biased to short

SS

Trade Plan : 25th Sept

NIFTY :  I have all the reasons to stay/go long.

Daily 13 ema as SL @ 5840

SS