Trade Plan - September 01, 2010

VWAP on closing basis is 5385.57 and volatility is 0.72.

Nifty downtrend continues and today the 55 DEMA of 5376 was broken and Nifty tested a low of 5348. Now the 34-DEMA is 5422 level. A small bounce can be expected to 5462 levels. Buy on rise to 5422-5432 zone for a target of 5462-5482 levels.  Strict stop loss of 5400.

Trade Plan - August 31, 2010

VWAP is 5430.70. Volatility is 0.72.  Nifty still in downtrend as two consecutive closes have been below 5430 levels.  Today Nifty has closed below 34-day EMA level of 5422 which again confirms downtrend. For intraday  a quick 25 point gain can be made if Nifty trades above 5446 levels and goes up to 5475 levels. Strict stop loss will be 5422. A close above 5475 level will be mildly bullish.

Trade Plan - August 30, 2010

VWAP closing basis is 5449. Volatility is 0.74. Nifty is weak below 5450 as mentioned in earlier post. Long positions only above 5463-5482 zone can be built. If Nifty takes support at 5360 levels a short covering rally looks bright.

Buy zone remains 5460-5485 levels if and only if Nifty trades above this levels whole of mid afternoon on Monday or else avoid trading.

TRADE PLAN August 27, 2010

VWAP closing basis is 5477. Volatility is 0.69.

Buy zone will be 5465-5485 for a target of  5498-5525-5550+. Strict stop loss is 5450. Tomorrow being Friday and a close above 5510 is bullish sign.

Trade Plan-August 26, 2010

VWAP on closing basis is 5482.40 and volatility is 0.71.

Buy zone is 5443-5483 for target of 5505-5524-5550. Strict stop loss of 5435.   A close below 5435 confirms downtrend.

Trade Plan-August 25, 2010

VWAP closing basis is 5506.71 and volatility is 0.70.

Buy zone between 5480-5506 for target of 5535-5555-5580. Strict stop loss  is 5470.