ABCD pattern -Continues in NF

ABCD pattren formation in Nifty

Inverted Head & shoulder formation

If break the 3590-3600 area with volume then non stop rally will continue up to3850 level

Expanding triangles formation

If break out @3455-3460 area, one can see 50-60 points non stop move
break out conformation it can take out@ 3475 (two days high points)
OR
if break down @3410-3400 area one can see 50-60 points non stop move
break down conformation it can take out@ 3390 (two days low points)

Expanding triangle formation in crude -03.06.10

MCX CRUDE -towards to 3950

MCX CRUDE- MAY MONTH CONTRACT

Learning technical analysis (Long entry)

Learning technical analysis (Short entry)

Shorts in ICICI bank

Sell icici bank @894.00 with SL-900, target 864.00

Inverted H&S break out

Inverted H&S pattern formation-Analysis with Moving averages

Using 21EMA,47SMA,200SMA in 15mints charts,

H& S need to made four tops in neck line formation.

21EMA,47SMA lines could be below 200SMA line during first top in neck line formation
21EMA,47SMA lines could be divergence with 200SMA line during second top in neck line formation
21EMA,47SMA lines could be above the 200SMA lines during third & fourth top in neck line formation
21EMA,47SMA lines are below 200SMA line during First shoulder and Head points but 21EMA,47SMA lines are above the 200SMA line during second shoulder formation

Inverted head & shoulder pattern in nifty 15mints chart

Pattren neck line 4930 area if NF breaks out with volume,tharget is 5190-5200 levlel

ABCD pattren in NF

F& O Expiry week ( May be !!! )

Trading experience in jan 2010 first three week
First week
there is no sharp up mode or down move in first week (5200 to 5303 ) and it was consolidated in 5250 -5300 are for getting dilute the option premium (5200 call 165 - 120, 5200 put 85 -70 level
Second week :
nifty was made double top and double bottom in 5180 to 5300 (just 120 points move in ten trading days and premium got diluted to rs 50 ( 5200 put and 5300 call )
Third week :
nifty should move in any one side for big gaining from below 5200 or above 5300 so i guessed
and decided either 5200 put (rs :40) or 5300 call (40.00) will get Rs 120. -140. in third week,
as per previous month experience operators (FII and broker ) sell in high premium contract option and buy low premium contract option ( 5000 call Rs 220-240 & 5000 put Rs:4-7 ) so they will sell 5000 call option and buy 5000 put for big gaining
Finlay its happen on Thursday in third week 5200 put 142.00 high, and 5000 call came 112 level from 220 and 5000 put 33 from just rs 7.00 from previous day closing (nifty fall 130 points) in single secession
top hight is 144 points and break down point 5187 so NF target 5040 area in coming days

Trading experience on F& O expiry day

Trading experience on F& O expiry day (31/12/09)

Market was open in a cap up node as expected on 30.12.09, i have booked my 5200 call-jan month with Rs 10 profit, immediatelyi have taken 5200put-jan -@120, i thought NF could fill the cap up opening but NF did not the fill cap (5169) during the day, after getting diluted the current month 5200 call & put (both rs 10.00) at 13.30 pm the market moved to 5220level (5200 call-30.00, where as 5200put 6.00 ) so i have taken 5200call @140.00 for intraday gaining, but market did not move above 5129.00 and fall to 5200 level,Current month 5200 call & put ended @0.50 to 1.50 rs,this F&O expiry experience bit different from other expiry day

Trading experience- on 30.12.09

One day before NF Dec month expiry :

as per previous month experience any one set up call and put will close same price (30+ level) ,in that view i could expected the 5200 call and put will close 30+ level, means NF will close 5200 level, but it was closed 5168 ( 5200 ca11- 13 and 5200put-43.00) so i have expected market could be a cap up open for equaling the put & call price ,hence i have hold 5200 call -Jan month for using cap up open.