From today Onwards i would be posting my Position trade Method for Bank Nifty which i trade regularly. for the last month the movement was in a range and which has resulted in hitting our stop loss. From today onwards i would try to post the trades. This is a Flow method which flows with the market. I use 30 minute time frame for the trades.we would be in position all the times what ever might be the case. we close position on one side and open on the other side. its a positional method. The original position would be 100 Bank nifty futures(4lots) and add 50 BNF(lots). There are rules which i would furnish as we progress. This is my system which i follow, Others should do their own due delligence before taking any positions. As Each person has his own method. i would also give the month wise gain or loss as per this method at the end of the month. Here the SAR is Stop And Reverse(SAR)

 Tomorrow i would furnish the trades for the three months as per the system.

M.Sri Mahidar
Trend is Friend.


 

 

nifty seems to be forming triangle for the last one month.The two alternatives are given in the above chart under alternative one which is given in ash colour gives an indication that the pattern in in process of completion and once completed we can expect the market to come down. in alternatve -2 we are in the process of completing wave-d post with wave-E would commence which can move up to 6150 and post with we can move to new high. So we have to wait for market to give which structure its forming.

M.Sri Mahidar
Trend is Freind.

Entertainment Network(ENIL) has just seems to have given break out after very long consolidation. The consolidation was for a period of 4 years which is a very long period the break out of the consolidation is indicating that the stock is poised for a very big move. i may not be surprised even if it make a new high for which it has to double. the stop loss is the low of the consolidation which is at 200 which is very far away so its better to close position if its enters the consolidation range. Fundamentally also out of last five financial years its financials have been increasing tremendeously. from a EPS of -13 in 2009 has improved to 14 in the current financial year. there has been steady improvement in the financials of the stock giving an indication that the fundamentals are improving and supporting the stock so a very good bet fundamentally and also technically.

M.Sri Mahidar
Trend is Friend.

inox leisure seems to have started its journey upwards and has all chances of moving up significantly from the current levels. it has broken out of the Cup and Handle pattern formed over a period of nearly 18 months and has broken out of it now. as the length of the period is too long we can expect a good rally in the stock in the comming weeks. Off late its financials has also been on an increasing trend for last four years except for one year and its half year EPS is more that last full years EPS giving an indication that the rise is on basis of improving fundamentals and we have chances of seeing further upsides in the stock. stop loss below Rs.80.
M.Sri Mahidar
Trend is Friend.

Bank Nifty Wolf Wave

Bank Nifty seems to have made a clear wolf wave pattern and the the target for the same for now comes to around 9600 which is nearly 1500 points from the current levels. this is giving an indication of greater break down of indices and possible break of 6000 in nifty as bank nifty has 20-25% weightage in nifty.

M.Sri Mahidar
Trend is Friend.

MCX seems to have given a break out after only 3 months of fall, even the super trend has give buy signal. if its retracing the entire fall from its high of around 1600 then currently we have chances of having it moving towards 775 and 994 in coming weeks. Stop Loss should be 436. if it moves below it we have to just get out and wait for the break out on the upside.\

M.Sri Mahidar
Trend is Friend.

wishing you all a Happy and Profitabile new year. From now onwards i would be posting regularly in the blog. i have waited for the turn of the year. Now comming to nifty if you can see in the chart the trend line from the August 13 low has been broken in the chart and nifty has taken support at the other trend line from October lows. As the longer time trend line has been broken the we have chances of that being adhered to. if the nifty is correcting the rise from August lows then we have bare minimum correction upto 6100 levels and in my view the fibonacci 38.20% retracement up to 5923 to be realistic and if its taken out then to around 5771 levels. We would discuss at that time what the larger time patters and its implications.

M.Sri Mahidar

Trend is Friend.