NIFTYBEES trade ideas
NIFTYBEES : Booked a profit of 3.37%Expecting a reversal move in Nifty. A detailed post regarding the same is attached underneath this post.
So booked profit in NIFTYBEES for about 3.37% of the invested capital. Since about 5% of the capital was involved in this trade, the % gain on the whole capital is high although the % gain on the invested capital might be low when compared to my usual trades.
Nifty ETF - Collectible ApproachNifty ETF has show an interesting trend. It does not stay below a 30 Week MA for long period and those are the days of collecting it in loads. Except the 2011-13 period - the most boring investment period, Nifty ETF keeps on its Long Only Trend intact.
DISC: Not a SEBI Registered. I post charts for my own study.
NIFTY ETF SIMPLE ANALYSIS FOR MAY 11This is my simple analysis for may 11 niftybees (Nifty ETF). As per the anlaysis there is a descending triangle pattern inside a parallel channel. Trade for tomorrow will depend upon the direction of the breakout from the triangle. Furthurmore, the fibonacci retracement point 38.2% also lies on the lower line of the triangle signalling a reversal point. Chances are more for an upper side breakout.