My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 9, 2011
NIFTY Resistance levels for the bounce
Conclusion from the above charts: If price stays above 5550 it is better to stay long for 5650. Price slipping below 5550 will be negative for the bulls.
Hi San,
ReplyDeleteThough I have deduced 5540 as the SAR ,but was unable to see 5550 as u show in the second chart.This helps a lot.
good work as usual.
Cheers !!
Thanks AAR VEE
ReplyDeleteWhy not give your mother $66,000,000 for this mother's day, after all she put up with you.
ReplyDeleteHere's how
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Here is a spreadsheet, created by a member at Breakpoint Trades, modified by me with some stats on the lower left.
Since 1995, there were 140 long entries (and of course 140 closing sells)
there were 74 short sells (and of course 74 buy to cover)
The average calender day trade period was just under 28 days
If using ULPIX Profunds 2X long, and URPIX Profunds 2X short, which can only be opened or closed at end of day--
$10,000 turns into $66,000,000 (compounding the earnings)
But if you "miss" and can't get the order to your
broker on the signal day, and instead you buy or sell the next day, then
the performance drops terribly, to a shabby $49,000,000. :-)
Interesting? Check out HawaiiTrading for the data