Finance and Trading Made Easy

Day trading setup - Stocks scanned based on ID & NR7 Strategy for 2-2-2012

2012-02-01T18:51:00.000+05:30

Online day trading strategy - Stocks futures scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 2-2-2012

Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 2 February 2012

2012-02-01T16:45:00.003+05:30

Nifty Spot Rates Technical Trading Levels
Swing : Up
SAR : 5100
Low risk entry : 5170
Target : 5280

Bank Nifty Spot Rates Technical Trading Levels
Swing : Up
SAR : 9600
Low risk entry : 9750
Target : 10000

Online day trading strategy - Stocks futures scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 1-2-2012

2012-01-31T18:35:00.000+05:30

Day trading setup - Stocks scanned based on ID & NR7 Strategy for 1-2-2012

Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 1 February 2012

2012-01-31T18:10:00.001+05:30

Nifty Spot Rates Technical Trading Levels
Swing : Up
SAR : 5080
Low risk entry : 5150
Target : 5230

Bank Nifty Spot Rates Technical Trading Levels
Swing : Up
SAR : 9510
Low risk entry : 9730
Target : 10000

Day trading setup - Stocks scanned based on ID & NR7 Strategy for 31-1-2012

2012-01-30T18:22:00.000+05:30

Online day trading strategy - Stocks futures scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 31-1-2012

Finally a trend reversal! Daily Update - 31 January 2012

2012-01-30T15:47:00.001+05:30

Nifty Spot Rates Technical Trading Levels
Swing : Down
SAR : 5210
Low risk entry : 5140
Target : 5030

Bank Nifty Spot Rates Technical Trading Levels
Swing : Down
SAR : 9900
Low risk entry : 9700
Target : 9430

(Updated) Stocks scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 30-1-2012

2012-01-28T14:37:00.007+05:30

Online day trading strategy - Stocks futures scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 30-1-2012

The above list seems to give inaccurate data due to F&O expiry, I will see if I can modify the stock screener by using cash market data soon.
****************************************
Edited (29-January-2012)
As stated yesterday, due to erroneous data we are getting incorrect results in the screener, I have downloaded cash market data for this screener. From now on, I will publish screener results using cash market data only. Below is the list for tomorrow. Only top stocks based on trade value selected.

Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 30 January 2012

2012-01-28T13:51:00.001+05:30

Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 5100
Low risk entry : 5160
Target : 5250

Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9580
Low risk entry : 9750
Target : 10000

Online day trading strategy - Stock futures scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 27-1-2012

2012-01-25T20:25:00.004+05:30

Day trading setup - Stocks scanned based on ID & NR7 Strategy for 27-1-2012

Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 27 January 2012

2012-01-25T20:00:00.001+05:30

Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 5060
Low risk entry : 5120
Target : 5200

Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9470
Low risk entry : 9700
Target : 10000

Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 25 January 2012

2012-01-24T18:18:00.003+05:30

Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 5000
Low risk entry : 5070
Target : 5180

Finance and Trading Made Easy

Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9390
Low risk entry : 9600
Target : 9900

Online day trading strategy - Stocks futures scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 25-1-2012

2012-01-24T18:08:00.003+05:30

Day trading setup - Stocks scanned based on ID & NR7 Strategy for 25-1-2012

Day trading setup - Stocks screened based on ID & NR7 Strategy for 24-1-2012

2012-01-23T21:17:00.000+05:30

Online day trading strategy - Stocks futures screened based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 24-1-2012

Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 24 January 2012

2012-01-23T20:38:00.001+05:30

Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4960
Low risk entry : 5020
Target : 5120

Finance and Trading Made Easy

Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9200
Low risk entry : 9420
Target : 9700

Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines

2012-01-22T12:02:00.003+05:30

A Triangle is a common 5-wave corrective pattern labelled A-B-C-D-E that moves counter-trend. Triangles move within two channel lines drawn from waves A to C, and from waves B to D. A Triangle is either Contracting (CT) or Expanding (ET) depending on whether the channel lines are converging or expanding. Expanding Triangles are rare.

Contracting Triangle (CT)
Internal structure and the most common shape for a rising Contracting Triangle (CT), Elliott wave pattern

Internal structure and the most common shape for a falling Contracting Triangle (CT), Elliott wave pattern

Rules and guidelines for identifying and labeling a Contracting Triangle (CT) pattern
1) Wave A can only be a Zigzag, Double or Triple Zigzag, or a Flat pattern.
2) Wave B can only be a Zigzag, Double or Triple Zigzag pattern.
3) Wave C and D can be any corrective pattern except a Triangle.
4) Waves A, B, C and D must move within or close to within the A-C & B-D channel lines.
5) The intersection of the channel lines must occur beyond the end of Wave E.
6) The channel lines must converge. They cannot be parallel.
7) One of the channel lines may be horizontal.
8) Wave E can be a Zigzag, Double or Triple Zigzag, or a Contracting Triangle.
9) Wave E must be less than Wave D by price, and Wave E must be more than 20% of Wave D by price.
10) Either Wave A or Wave B must be the longest wave by price.
11) Wave E must end in the price territory of A.
12) Wave E must move within or close to within the B-D channel line.

Expanding Triangle (ET)
Internal structure and the most common shape for a rising Expanding Triangle (ET), Elliott wave pattern

Internal structure and the most common shape for a falling Expanding Triangle (ET), Elliott wave pattern

Rules and guidelines for identifying and labeling a Expanding Triangle (ET) pattern

1) All five waves must be Zigzag, Double or Triple Zigzag patterns.

2) Wave B must be shorter than Wave C by price, but more than 40% of Wave C by price.

3) Waves A, B, C and D must move within, or close to within, the A-C & B-D channel lines.

4) Wave C must be shorter than Wave D by price, but more than 40% of Wave D by price.

5) Wave A must move within, or close to within, the A-C channel line.

6) The intersection of the channel lines must occur before the beginning of Wave A.

7) The channel lines must diverge. They cannot be parallel.

8) Neither channel line may be horizontal.

9) Wave E must be longer than D but less than 40% of Wave E by price.

10) Either A or B will be the shortest wave by price.

11) Wave E must end in the price territory of A

12) Wave E must move within, or close to within, the B-D channel line.

Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines

2012-01-21T17:25:00.005+05:30

A Flat (FL) is a three-wave pattern, labeled A-B-C, that moves mostly sideways. It is corrective, counter-trend and is a very common Elliott pattern. They differ to Zigzags in that they tend to move sideways rather than strongly up or down - hence the name “Flat”. In contrast, Zigzags (or Sharps – as they are known) move “sharply” or strongly up or down.

Internal structure and the most common shape for a rising Flat (FL), Elliott wave pattern

Internal structure and the most common shape for a falling Flat (FL), Elliott wave pattern

Rules and guidelines for identifying and labeling a Flat pattern
1) Wave A can be any corrective pattern.
2) Wave B can be any corrective pattern except a Triangle.
3) Wave B must retrace Wave A by at least 50% by price.
4) Wave B must be less than twice the price length of Wave A.
5) Wave C can only be an Impulse or an Ending Diagonal.
6) Wave C must be no more than 3 times the price length of Wave A.
7) Wave C must be no longer than twice the price distance of both Waves A and B.
8) Wave C must share some common price territory with Wave A.

Double Sideways (D3) and Triple Sideways (T3)
Double and Triple Sideways patterns (also known as Double 3’s and Triple 3’s) are similar to Flats, and are typically two or three corrective patterns strung together with a joining wave, called an "x" wave. They are all corrective in nature. Triples are rare. Doubles are labelled w-x-y, while Triples are labelled w-x-y-xx-z.

Internal structure and the most common shape for a rising Double Sideways (D3), Elliott wave pattern (below)

Internal structure and the most common shape for a falling Double Sideways (D3), Elliott wave pattern (below)

Internal structure and the most common shape for a rising Triple Sideways (T3), Elliott wave pattern

Internal structure and the most common shape for a falling Triple Sideways (T3), Elliott wave pattern

Rules and guidelines for identifying and labeling a Double Sideways and Triple Sideways pattern
1) Wave W may be any corrective pattern except a Triangle, or a Double or Triple pattern.
2) Wave X may be any corrective pattern except a Triangle, or a Double or Triple pattern.
3) Minimum Wave X retracement is 50% of Wave W.
4) Maximum retracement of Wave X on Wave W is 400%.
5) Wave Y may be any corrective pattern except a Double or Triple pattern.
6) Wave Y must be greater than Wave X by price except if it is a Triangle.
7) Wave XX may be any corrective pattern except a Triangle, or a Double or Triple pattern.
8) Minimum XX wave retracement is 50% of Y.
9) Maximum retracement of Wave XX on Wave Y is 400%.
10) Wave Z may be any corrective pattern except a Double or Triple pattern. However Z cannot be a Zigzag if Y is a Zigzag.
11) Wave Z must be greater than Wave XX by price.

Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines

2012-01-20T19:44:00.007+05:30

A Zigzag (ZZ) is a 3-wave structure labelled A-B-C, moving counter to the larger trend. It is one of the most common corrective Elliott patterns.

Internal structure and the most common shape for a rising Zigzag (ZZ), Elliott wave pattern

Internal structure and the most common shape for a falling Zigzag (ZZ), Elliott wave pattern

Rules and guidelines for identifying and labeling a Zigzag pattern
1) Wave A must be an Impulse or a Leading Diagonal.
2) Wave B can only be a corrective pattern.
3) Wave B must be shorter than wave A by price distance.
4) Wave C must be an Impulse or an Ending Diagonal.
5) Wave C may not be an Ending Diagonal if Wave A is a Leading Diagonal.

Double and Triple Zigzag (DZ and TZ)
Double and Triple Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns strung together with a joining wave called an "x" wave. They are corrective in nature. Triples are uncommon. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag family patterns, or Sharp patterns. Double Zigzags are labelled w-x-y, while Triple Zigzags are labelled w-x-y-xx-z.

Internal structure and the most common shape for a rising Double Zigzag (DZ), Elliott wave pattern

Internal structure and the most common shape for a falling Double Zigzag (DZ), Elliott wave pattern

Internal structure and the most common shape for a rising Triple Zigzag (TZ), Elliott wave pattern

Internal structure and the most common shape for a falling Triple Zigzag (TZ), Elliott wave pattern

Rules and guidelines for identifying and labeling a Double and Triple Zigzag pattern
1) Wave W must be a Zigzag.
2) Wave X can be any correction except an Expanding Triangle.
3) Wave X must be smaller than wave W by price.
4) Wave Y must be a Zigzag.
5) Wave Y must be equal to or longer than Wave X by price.
6) Wave XX can be any correction except an Expanding Triangle.
7) Wave XX must be smaller than wave Y by price.
8) Wave Z must be a Zigzag.
9) Wave Z must be greater than or equal to Wave XX by price.

Day trading setup - Stocks screened based on ID & NR7 Strategy for 23-1-2012

2012-01-20T18:42:00.001+05:30

Online day trading strategy - Stocks futures screened based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 23-1-2012 [ please read this post on Sunday! :-)) ]

Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 23 January 2012

2012-01-20T18:19:00.003+05:30

Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4940
Low risk entry : 5000
Target : 5080

Finance and Trading Made Easy

Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9100
Low risk entry : 9280
Target : 9600

Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines

2012-01-19T20:03:00.003+05:30

Diagonal – also known as a Diagonal Triangle is a common 5-wave motive pattern labelled 1-2-3-4-5 that moves with the larger trend. Diagonals move within two contracting channel lines drawn from waves 1 to 3, and from waves 2 to 4. Other than an Impulse, Diagonal is the only other Elliott Wave pattern that
moves with the larger trend.

There exist two types of Diagonals: Leading Diagonals (LD) and Ending Diagonals(ED). They have a different internal structure and are seen in different positions within the larger degree pattern. Ending Diagonals are much more common than Leading Diagonals.

Internal structure and the most common shape for a rising Leading Diagonals (LD), Elliott wave pattern

Internal structure and the most common shape for a rising Ending Diagonals(ED), Elliott wave pattern

Rules and guidelines for identifying and labeling a Diagonal pattern
1) Diagonals move within two converging channel lines
2) Wave 1 of a Leading Diagonal is an Impulse or a Leading Diagonal.
3) Waves 1, 3 and 5 of an Ending Diagonal are always a Zigzag family pattern.
4) Wave 2 may be any corrective pattern except a Triangle.
5) Wave 2 is never longer than Wave 1 by price.
6) Wave 3 of a Leading Diagonal is an Impulse.
7) Wave 3 is always greater than Wave 2 by price.
8) Wave 4 may be any corrective pattern.
9) Waves 2 and 4 must share some common price territory (must overlap).
10) Wave 5 of a Leading Diagonal is either an Impulse or Ending Diagonal.
11) Wave 5 must be at least 50% of Wave 4 by price.
12) Wave 3 must not be shortest by price when compared with Waves 1 and 5.

Day trading setup - Stocks screened based on ID & NR7 Strategy for 20-1-2012

2012-01-19T19:18:00.000+05:30

Online day trading strategy - Stocks futures screened based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 20-1-2012

Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 20 January 2012

2012-01-19T16:02:00.001+05:30

Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4900
Low risk entry : 4970
Target : 5080

Finance and Trading Made Easy

Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8920
Low risk entry : 9070
Target : 9350

Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines

2012-01-18T19:08:00.004+05:30

An Impulse is a five-wave pattern labelled 1-2-3-4-5 moving in the direction of the larger trend.

Internal structure and the most common shape for a rising Impulse, Elliott wave pattern

Internal structure and the most common shape for a falling Impulse, Elliott wave pattern

Rules and guidelines for identifying and labeling an Impulse pattern
1) Wave 1 must itself be an Impulse or a Leading Diagonal pattern.
2) Wave 2 can be any corrective Elliott Wave pattern except a Triangle.
3) No part of Wave 2 can retrace more than 100% of Wave 1.
4) Wave 3 must be an Impulse.
5) Wave 3 must be longer than wave 2 by price.
6) Wave 4 can be any corrective Elliott Wave pattern.
7) Waves 2 and 4 cannot overlap (share common price area).
8) Wave 5 must be an Impulse or an Ending Diagonal.
9) Wave 5 must be at least 70% of the length of Wave 4 by price.
10) Wave 3 must never be the shortest by price when compared to Waves 1 & 5.

Day trading setup - Stocks screened based on ID & NR7 Strategy for 19-1-2012

2012-01-18T18:05:00.000+05:30

Online day trading strategy - Stocks futures screened based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 19-1-2012

Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 19 January 2012

2012-01-18T16:23:00.002+05:30

Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4870
Low risk entry : 4930
Target : 5000

Finance and Trading Made Easy

Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8830
Low risk entry : 8980
Target : 9200