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23rd November Profit: Rs. 16275 (Excluding Nifty & Bank Nifty Positional Calls)
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Monday, November 23, 2009

Nifty And Bank Nifty Future - What To Expect On 24th November?

Collin Twiggs says The Dow Jones Industrial Average and S&P 500 warn of rising selling pressure. Asia-Pacific markets, however, are a mixed bag: China and India remain positive, Australia and Korea are more tentative, while Japan commenced a primary down-trend.

He also adds that the Sensex is headed for a test of resistance at 17500. Respect of resistance would signal a test of 15500, while breakout would offer a target of 20000 {Target calculation: 17500 + ( 17500 - 15000 ) = 20000}. Rising Twiggs Money Flow (13-week & 21-day) confirms buyer interest.

Now, lets check what have I written about Nifty and Bank Nifty future in my last post Nifty And Bank Nifty Future - What To Expect On 24th November? Written in Nifty future above 5085 next hurdle is at 5116/5127. Just check today's high made 5119.45 and could not close above 5127. Wtitten in Bank Nifty future above 9255 upper targets are at 9350. Just check it touched 9360 and crashed lower to close at 9273.

Now what to expect tomorrow? If Nifty future can cross 5125-5130 level decisively then it is all set to test 5145/5157/5168/5175. Bulls need to protect 5072 level carefully, as below 5072 if it trades then it can show 5050/5045 in intraday panic. For Bank NF see 9350 and 9224 carefully. Above 9350 it can show 9400-9420 in minutes only and if breaks 9224 with volume then I can not rule out the possibilities of 9169/9100. Expect market to be volatile as expiry is nearing. Trading in smaller lots are advised.


Nifty future important levels for Tuesday, 24th November:
R3 5176, R2 5148, R1 5125, Pivot Point 5096, S1 5073, S2 5045, S3 5022.
Bank Nifty future important levels for Tuesday, 24th November:
R3 9481, R2 9421, R1 9347, Pivot Point 9286, S1 9212, S2 9152, S3 9078.

Now join me live in Stock or Nifty/Bank Nifty Future trading in my live trading room. See the Premium Services page for more details.

Interested traders can join Weekend Web Workshop on next Saturday, where I shall discuss some of the High Probability trade setups for stocks and index. This week's seats are already filled up. For registration procedure and more details, see the Premium Services page.


Special offer for this week: Set up your charts for winning trades in Nifty and Bank Nifty. In Bank Nifty the last two signals generated 400+ points in last 3 days alone. Buy our Full Traders Pack within 27th November and get another intraday signal system FREE. For more details contact @ 9432883838 or mail to stockmaniacs@ymail.com.

Amibroker And Trading System

We have increased the price of our full traders pack from 1st of November. There are some basic changes in the Full Trader's Pack. It will include:

  • Amibroker Pro Version 5.20 (Single User License)
  • StockManiacs Nifty And Bank Nifty Trading System (SM Nifty)
  • Complimentary Free Data Utility For PIB (Power Indiabulls Users - For Real Time Data Of Cash And Future)
  • Free Installation And 2 Hours Online Training Session In The Weekend On Amibroker Basics.

New Pricing:
  • The Full Trader's Pack costs Rs. 29,925 to be payable one time.
  • Only Amibroker Pro 5.20 will cost Rs. 13,925 to be payable one time (you can also buy Amibroker online from Trading Analysis site directly)
  • Only StockManiacs Nifty And Bank Nifty Trading System (SM Nifty) costs Rs. 16,000 to be payable one time (limited period introductory rate).
  • For our Bank Account details please see below.

Why will you buy SM Nifty?
  • Simple to use
  • Excellent track record
  • Extensively back-tested

Track Record:
Rs. 10,00,000 invested in the Nifty Trading System on 1st of January 2009, current value till first week of November 2009 is Rs. 22,48,138. That means a total profit of Rs. 12,48,138 in just 10 months, and its a gain of more than 124% (163% annualised return). Your money got more than doubled. The full backtest report is attached here.
Rs. 10,00,000 invested in the Bank Nifty Trading System on 1st of January 2009, current value till first week of November 2009 is Rs. 36,68,789. That means a total profit of Rs. 26,68,789 in just 10 months, and its a gain of more than 269% (371% annualised return). Your money got more than trippled. The full backtest report is attached here.
November 2009 first week's few day's intraday charts of the system is attached for your kind information. Remember, the introductory charges are valid for a limited period and can be withdrwan anytime. Call 9432883838 to book your copy now.

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