Nifty Spot View (25/05/15 - 29/05/15)

The view remains the same.
Those who are long with us from the 8070-7960 zone book only partial @ 8500, 8560-8570 zone and create new short trade in the zone of 8560-8570.
*( A separate mail/SMS will sent to you when to exit from the longs completely ).
Major resistance levels are  8560-70, 8618, 8660, 8711, 8805
Major support levels are 8434,8342-25, 8244-51, 8161(an important support level).

Nifty Daily Chart

SBIN Update

Chart is self explanatory...
Short trade in SBIN gave very good profits.
Gann said that " Plan your trade and Trade your Plan"
Here at Bullstrading we are trying to do the same, that's why we publish our trades and trade plan in advance here.
Trend & Stop-loss are the best friend of any trader, so, always trade with them...

SBIN Daily Chart

Nifty Update

In my last post it was clearly written that to short Nifty around 8420-8434 level and see how beautifully Nifty respected the Gann level. Nifty gave 100 points correction from 8420-8434 zone. This is the beauty & simplicity of Gann system.
Major resistance levels are 8420-8434, 8560, 8660,
Major support levels are  8355-8370, 8342, 8251, 8160, 8070

SBIN

Short positions can be initiated in in SBIN in the zone of 294-296 with stop-loss @ 298. After this zone 315-318  strong resistance zone is there. Short here with full force with stop-loss @ 320 on closing basis. Targets are 300, 284-82, 266-63, 255-250, 240

**Analysis given with mandatory disclosure given on site on 07/12/2014.

  Please read it before taking any trading decisions.......

Nifty Spot View (18-05-15 - 22/05/15)

See how well Nifty always gives respect to the Gann levels...Last week on Friday Nifty made exact high of 8279 and this level was given in advance in the resistance levels.

Nifty is still in bear mode. Those who made longs with us in the zone of 8070-7960 without covering their longs, short near 8420-8434 levels (in next month series) with 20 points as stop-loss and if Nifty keeps on moving upwards then again take a short trade near 8560 level.
* For those who are long with us from the lower levels can keep their trailing stop-loss @ buy cost.
Major resistance levels are 8355-8370, 8420-8434, 8560, 8660
Major support levels are 8070, 8007, 7960-80, 7891, 7802, 7714

**Analysis given with mandatory disclosure given on site on 07/12/2014.

  Please read it before taking any trading decisions.......

Rel Infra Update

See how well Gann levels are given respect. On 10Feb 2015 I gave a buy call on RelInfra when it was trading @ 421. It took 3 months to come to this level  and on 7th May it touched Gann angle and gave a very good bounce back from there. See the previous link here( http://bullstrading.blogspot.com/2015/05/rel-infra-update.html )
In this market only & only patience pays....
Happy Trading!!

Previous chart posted on 10th Feb2015

Current Chart

HCLTech

A short trade can be taken in this counter in the zone of 946-979 with stop-loss @ 985 on closing basis. Targets are 946, 931, 915, 888, 855, 826-824.

Nifty Spot View (11/05/15 - 15/05/15)

What a mind blowing week we had !!!
We and all our clients made very very good profits firstly in shorts and then in Longs. Clearly posted in last post that an important zone was 8070 to 7960. And all those who went long in this zone must be enjoying good profits.
 
Major resistance levels are 8269-79, 8355-8370, 8420-8434, 8560, 8660
Major support levels are 8070, 8007, 7960-80, 7891, 7802, 7714

Nifty Update

In my last post it was clearly written that 6th May was a strong pressure date and to short Nifty on every rise. Those who shorted Nifty yesterday with us @ 8342 must be enjoying super duper profits. May 8100 Put options gave more than 165% returns in a single day.
This is the power of Gann System.
Now an important support zone is 8070-7960.
When to buy and where to buy and What is the stop-loss???
All this info will be mailed to our clients...
Happy Trading!!!

Nifty spot view (04/05/15 - 08/05/15)

Nifty moving on the expected line. Sell on rise.
Major resistance levels are 8198, 8250, 8342, 8388, 8434, 8469
Major support levels are 8145, 8105, 8070, 8007, 7960 (important support zone).
6th May is a strong Gann pressure date. ( The accuracy of this date is +-1trading day).