Wednesday, July 15, 2009

My Nifty Intraday trades on 14th Jul 09

I'm just posting my today's tradding sequence as I wrote it for some event. It may interest some.

Above is the 5 min chart if Nifty futures. Nifty opened a gap up and moved up with out closing the Gap. It formed an Expending Triangle broke the resistance line and reached the target(4127) in intraday itself. It was a good day Long trade after 5 min was excellent entry, as expected bulls came in today moving the market up. Booked intrday trades at end of the day. As the Target for the Big Expanding Triangle(3900 levels) is reached, I booked medium term trades Yesterday, around 320 Points profit. Today entered long for short term keeping the gap as stop loss.

Above is the 1 min chart of Spot Nifty marked with bullish wolfe wave formed in intraday. Target was the aqua line which is reached immediately.

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