Guess Nifty Level in immediate short term.

INDIAN STOCK MARKET - NIFTY = What is Next ? Nifty 5090- or 5311+ Have your say here

Nifty Analysis for coming week 22-26/03/2010

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Nifty Analysis for coming week 15-19/03/2010

WEEK GONE BY
Nifty had a big weekly pause! Consolidated in a narrow spread of 66.05 points. Weekly low was 5092.05, weekly high was 5158.10
WEEK AHEAD
Nifty strong above 5180, cautiously +ve above 5090, weakish below 5050. Expect strong momentum above 5180 / below 5050 zones. Nifty weekly supports 5050-4930-4860, weekly resistances 5180-5240-5290.

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Trading Basics

'Trading time frame” refers to the length of time that you generally plan to hold trades. Will you trade intraday, short-term, long-term or somewhere in between? What is your definition of short-term, long-term, etc.? This is a critical decision as each individual has a different temperament for risk. It is essential to trade in a manner that fits your own personality. Day traders will tell you that day trading is the best way to trade and will give you very good reasons why they believe this is so. Trend-followers will tell you that trend following is the only way to go, and so on and so forth. The bottom line is simply this: No matter what anyone tells you, there is no one best way to trade. You must identify the approach that is best suited for you personally. If you can’t follow the markets all day, then it is unrealistic to expect to be a successful day trader.
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Setting protective stops is an essential ingredient in any leveraged trading activity. This process can be done physically, by actually placing them in advance with your broker, or mentally, by deciding where a stop should be executed. Physically placing a stop may involve setting an alert with your software and watching the price action very closely. On the other hand, if you set the stop mentally, you may be focusing on one specific market and can immediately execute an order the moment the stop is reached.
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Major Trends have three Phases - Accumulation, Participation & Distribution are the key phases in major trends. In the accumulation phase the informed insiders know that in the current downtrend, markets have fully discounted the bad news, they accumulate at discounted prices. Public participation phase starts when prices are rising rapidly and now even the business & economic news is improving. Distribution phase starts when all the media carries bullish headlines, there is speculative buying on huge volumes. During this last phase the same informed investor who began accumulating near the bear market bottom, begins to distribute before anyone else starts selling.
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Money Management & Trading Tactics

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Elliott Wave Count for Nifty

There is strong possibility of Nifty crossing 5310.85 in short to medium term. Check out Elliott Wave Count
TradersPlace Nifty Analysis updated every week.