performance of our past tips nifty support and resistance

How to trade on Nifty tips?
1. R = Resistance = is the buying price
2. S = Support = is the selling (short sell price) price.
3. Stop loss at 40 points after breaking either level.
After breaking either level, 15 to 20 points move is expected. Traders with very low risk can take profits of 10 points.
We advice not to trade during market closing time especially during last 10 to 15 minutes.

Profits earned in July 2009
For one lot profit earned Rs 13,200
For two lots profit earned Rs 26,400
Please note - If you buy more Nifty lots then the profit will get multiplied accordingly.

Tips provided for 16 days (In the month of August there are 21 trading days, saturday's and sunday's are holiday for share market)
Levels broken for 14 days and profits earned as mentioned above.
Levels were not broken for 2 days - so no profit and no loss.
Levels were not given for 2 days because market direction were not clear.- so no Profit and no loss.

Day and Date	Nifty trading levels	Target achieved	Profit for one lot (one lot = 50 qty)	profit for two lots two lots = 100 qty)
Friday, 31 July 2009	R - 4640 S - 4590	After breaking resistance, Nifty went up till 4670.	Rs. 1000	Rs. 2000
Thursday, 30 July 2009	R - 4560 S - 4450	After breaking resistance, Nifty went up till 4572.	Rs. 600	Rs. 1200
Wednesday, 29 July 2009	R - 4610 S - 4510	After breaking support, Nifty went down till 4415. Short sell call.	Rs. 1000	Rs. 2000
Tuesday, 28 July 2009	R - 4620 S - 4510	Neither Resistance not support was broken.	NIL	NIL
Monday, 27 July 2009	R - 4640 S - 4550	After breaking support, Nifty went down till 4525. Short sell call.	Rs. 1000	Rs. 2000
Friday, 17 July 2009	Tip was not given due to market direction was not clear
Thursday, 16 July 2009	R - 4320 S - 4250	After breaking support, Nifty went down till 4200. Short sell call.	Rs. 1000	Rs. 2000
Wednesday, 15 July 2009	R - 4170 S - 4120	After breaking resistance, Nifty went up till 4250.	Rs. 1000	Rs. 2000
Tuesday, 14 July 2009	R - 4030 S - 3990	After breaking resistance, Nifty went above 4100.	Rs. 1000	Rs. 2000
Monday, 13 July 2009	R - 3970 S - 3910	After breaking resistance, Nifty went up till 3990.	Rs. 1000	Rs. 2000
Friday, 10 July 2009	Tip was not given due to market direction was not clear
Thursday, 09 July 2009	R - 4090 S - 3990	After breaking the resistance, nifty went up till 4100 but immediately it moved down till 4040 and during afternoon trade it made a high of 4109.	NIL	NIL
Wednesday, 08 July 2009	R - 4180 S - 4120	After breaking support, Nifty went down till 4060. Short sell call.	Rs. 1000	Rs. 2000
Tuesday, 07 July 2009	R - 4210 S - 4120	After breaking resistance, Nifty went up till 4224. Stop loss triggered at 20 points down.	Rs. 600	Rs. 1200
Monday, 06 July 2009	R - 4430 S - 4350	Nifty opened above resistance level so it was not an buying opportunity, but after breaking the support Nifty went below 4150. Short sell call.	Rs. 1000	Rs. 2000
Friday, 03 July 2009	R - 4360 S - 4280	After breaking resistance, Nifty went up till 4436.	Rs. 1000	Rs. 2000
Thursday, 02 July 2009	R - 4400 S - 4360	After breaking support, Nifty went down till 4276. Short sell call.	Rs. 1000	Rs. 2000
Wednesday, 01 July 2009	R - 4350 S - 4280	After breaking support, Nifty went down till 4240. Short sell call.	Rs. 1000	Rs. 2000

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