Launch Of Nifty Live on AutoChannels

3 Comments
From today, we are going live on nifty based on Auto Channels on 5-min charts. We will be updating buy and sell signals with swing targets and trend reversals based on Auto Channels. Trades may be initiated and closed on Intraday basis or may be carried forward for the next trading session. Please be aware of the risks involved in holding positions overnight. You may either paper trade or trade in small quantity based on signals generated by Auto Channels. Always place a protective SL when trading so that we do not loose major amounts due to sudden unforeseen moves in Nifty as we have witnessed quite a few times in the past.

From the last trading session on 26/10/2012, Nifty has given a positive breakout just before close. As such, we will start today's session with a positive bias above 5646

Trend: Positive, Swing Entry Range: 5659 - 5665, Swing Target: 5696, Trend Reversal Level: 5646

  1. Hi Sir,

    i have enter few call 6000 @ 11.70 should i exit now nifty is trading @ 5695 please advise sir.

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  2. Replies
    1. Bhel overall looks weak. Has support near 224-225. Below which, can see further lower levels.

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