Sensex and Nifty Trading Ideas

Most of the Globex had massive rally in the face of downgrades in the europe, And this is normal in the markets as the hedges wants to have negative sentiments so that they can load the futures in the face of bad news as their hedge.

Any here is the sensex chart:




Shorter Term:

Resistance 1: 17100
Resistance 2 : 17300

Put options can be loaded around those areas, And sell signal on the index would be around those 2 buffer values.

Support 1 : 15300

Once breaking that area will be massive down side in the markets along with the lower trending channel.Next support area is 13800

Support 2 : 13800

Previous Post
http://gamatraders.blogspot.com/2011/11/sensex-technicials.html


Nifty:

Resistance 1 : 5080
Resistance 2 : 5100

Support 1 : 4560

Nifty Chart shows signs of exhaustion as its heading for near term peak.Lets take look at the chart :