Dhanvarsha crucial Nifty Futures Levels and market prediction with trading technique

Dhanvarsha Nifty Futures Crucial levels

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  Expecting a flat to negative opening with negative bias ....overbought zone is there on day chart , put call ratio which is showing above 1. 3 and next is Elliott's wave still wondering for direction ...We saw Red shooting star candle after a long bullish run on Thursday ...but on Friday bulls again came up with power and forced some bears to cover their short positions and as a result of that they were able to cut their longs and OI reduced by 1.41 %

NIFTY

REFRESH As on 17-SEP-2010 15:30:44 Hours IST Instrument Type Underlying Expiry Date Option Type Strike Price Market Lot FUTIDX NIFTY  30SEP2010 - - 50 Price Information Open Price 5860.90 High Price 5914.80 Low Price 5860.90 Last Price 5914.00 Prev Close 5841.90 Close Price 5904.05 Change from prev close 72.10 % Change from prev close 1.23 VWAP 5894.82 Underlying Value 5884.95 Number of contracts traded 387657 Turnover in Rs. Lakhs 1142584.12 Open Interest 38802200 Change in Open Interest -554200 % Change -1.41 Order Book Buy Qty Buy Price Sell Price Sell Qty 200 5914.00 5914.55 50 8250 5913.90 5914.60 50 50 5913.70 5914.65 950 1000 5913.20 5914.70 850 100 5912.20 5914.75 50 825200 Total Buy Qty Total Sell Qty 484800 Cost of Carry   Best Buy Best Sell Last Price Price 5914.00 5914.55 5914.00 Cost Of Carry 16.34 16.65 16.34 Other Information Settlement Price Daily Volatility Annualised Volatility Client Wise Position Limits Market Wide Position Limits 5904.05 0.89 16.95 37828410 -

  ...cci is indicating that market started  pulling back  . ...upside momentum is somewhat reduced on momentum indicator ... all indicators are  indicating that market is trading at the  overbought zone .. RSI is  trading well above 70  ...MACD histogram  started converging towards zero .. please have a look ...

It is highly recommended that book your profits at each swing high...and  try to enter in stocks which are available at oversold zones ...

Trade according to the TREND ...

Do not oppose the storm, it will trouble you....

Do not risk your hard earned money...

Blindly pouring your money in market place will not reap you rewards... 

Have a profitable day ...

Please read Elliott waves formation and fib ratios for better understanding of markets... u can ask me for free e-books on the subjects. 

Please note .....go for gains and not behind the scrips ...and  for the gains you must have to plan your trades , before clicking the entry order ... you must have to decide that are you entering in correct stock ? 

 what is the profit target that you wish to achieve ...how much you are going to risk on it ...

Please read the instructions, carefully before placing your trade order for nice gains by clicking this link.

 http://dhanvarshagrp.blogspot.com/2010/01/how-to-trade-on-my-calls.html

Many friends are not able to understand  my concept.. coz i am not asking them to buy above and sell below as per the present tradition  ...so my answer for them is... think zara hat ke...come out from old pattern of 19th century, we are in 21st century so how long we will or you will follow the same old principles...Every day I am proving that my concept is practical and workable ..you just have to see where is the current market price ...and story finish ..
levels below the CMP in the hold of Bulls and they will care for it, till their last breath and levels above CMP  will be  in the control of Bears ...and they will be  there to protect the particular level ...
Now  you can imagine easily if forces are there to save the level.... is it simple or easy to penetrate it? ???

Obviously the answer will be No ...
so How the level will break now ...?
to break upper level say roof / resistance/Bear grip  what will be needed ....buying pressure with volumes ..which will be generated by good news ..
and for breaking the lower level /support /Bull grip.... need is only of  bad news, due to that all lower levels will break rapidly .... will create  panic in bulls , bear will start celebrating their victory ... benefited by bad news ...and the stream will be continue ....
To avail  gains on every trade  please subscribe for Dhanvarsha  Tips / advisory services( premium ) ..
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solution is here ...
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