Trade Plan - March 13, 2012

Gap up opening above 5420 levels where resistance and profit booking made Nifty to close gap and settles down at the day's mean level of 5360. Tomorrow a gap up above 5435 is bullish and gap down below 5330 will be bearish. Volatility has risen.

Trade Plan - March 12, 2012

Nifty opens gap up leading to short covering and market closes at 5333. Now Nifty is on way to 5435 and above 5435 more short covering will emerge towards the recent high retracement level of 5630. However, sustaining above 5295 is the key now for the month of March.

Trade Plan - March 9, 2012

Nifty trading and sustaining below 5250 throughout the day and getting back to previous support levels of 5170 before bouncing to closing at 5220. Some short covering rally can be expected now towards 5290-5345 area after the market reopens after the holiday of festival holi tomorrow. Happy trading :)

Trade Plan - March 07, 2012

A highly volatile session and Nifty swings violently as election results trickled in and closes in the red amidst @ 5222. VWAP @ close is 5326. Nifty should now reverse only above 5275 levels. Below 5200, next support level is 5150-5170 level where U -turn can be expected. 

Trade Plan - March 5, 2012

Nifty can go up on short covering rally above 5310 tomorrow towards 5365-5400. The trend is cautious ahead of the assembly election results, festival of holi and perhaps a cyclic pattern of bullishness started earlier this year likely to end for the short term. Support levels below 5265 is 5180-5225 zone.

Trade Plan - March 4 , 2012

4

Nifty closes at borderline level of 5360 prior to the crucial weekend ahead of the week before election results. Tomorrow Nifty should close above 5415 spot price for more bullishness. Any close below 5350 will be bearish and the approach should be of "a cautious market dynamics".

Trade Plan - March 2, 2012

Nifty enters the month of March on a negative note just below crucial support of 5365 levels. Bullishness will be heavily dependent on the election results and budget acceptance by the market.