Waves Strategy Advisors: Nifty trading strategy

Waves Strategy Advisors: (www.wavesstrategy.com) Trading strategy on Nifty stated below is picked up from the “The Financial Waves Trading update” report published daily before equity market opens. We have mentioned past 5 trading strategies and what has happened on that day. This itself gives clear idea on what you can expect from this report.

Also, the below strategy is only one part of the Nifty report and what you also get is latest chart of Nifty with technical studies.  For subscribing to this report write to us on helpdesk@wavesstrategy.com or call on 9920422202.   

Strategy mentioned on 24^th July 2012 at 8:30 am

Strategy for the day:Longs can be created at current levels (5118 spot) if prices are able to sustain above 5110 during opening hours for a move towards 5140. A move above 5150 can take prices towards 5180.”

Happened on 24^th July:Nifty made a high of 5144 exactly near our target before finally closing at 5128 on 24^th July...

Strategy mentioned on 25^th July 2012 at 8:30 am

Strategy for the day: Longs can be created above 5140 level with day’s low as stop loss and a target of 5170. Any move below 5080 can be shorted with 5125 as stop loss and target of 5020 levels.

Happened on 25^th July: Nifty made a low of 5177 and reversed from there. It simply whipsawed around 5180 level and reversed. However the strategy did not go in favor because of 3 points on Nifty below the mentioned level.

Strategy mentioned on 26^th July 2012 at 8:30 am

Strategy for the day: Longs can be created above 5120 level with day’s low as stop loss and a target of 5140 - 5150. Any decisive move below 5070 can be shorted with 5120 as stop loss and target of 5020 levels.”

Happened on 26^th July:Nifty broke below 5070 level and came very close to the target zone of 5020 levels during final closing hours on 26^th July.

Strategy mentioned on 27^th July 2012 at 8:30 am

Strategy for the day: Nifty broke below 5070 level and came very close to the target zone of 5020 levels. For today, if Nifty opens gap up towards 5090 – 5100 levels, longs can be created with the gap as the stop loss for a move towards 5150.”BANG ON!!!

Happened on 27^th July:Nifty had a gap up opening exactly as expected and prices made a high of 5149.95 to be precise. We mentioned the target level to the point….

28^th & 29^th July was a weekend

Strategy mentioned on 30^th July 2012 at 8:30 am

Strategy for the day: For today, if prices have another gap up opening longs can be created with today’s gap as stop for a move towards 5160 – 5170 levels. A move below 5070 can be used as shorting opportunity for a target of 5030 with today’s high as stop loss.

Happened on 30^th July: Nifty had another gap up opening and prices closed near 5200 levels.