SMO SAR for Nifty ji: for 20th Mar'12

CMP: 5257

Smooth trading day..
Booked 100 pts @ 5260 (shorts triggered @5360, upon 5-10 DEMA x-over ) for 50% Qty;

Day Supports     : 5170 / 5205-5220

Day Resistances : 5280 / 5333

SMO SAR VERDICT:

1. Swing Support LTL breach witnessed today @ 5280 (Bearish)

2. Carry balance 50% shorts, till you see change in Slope of 5DEMA (for tomo , ruffly @EOD > 5294)

POINTS TO NOTE :

For the dedicated System-trader / Trend-follower

1. The accuracy of the ALGORITHM for the past 2 months, has been breath-taking.

2. Can combine this SWING Hi-Lo 5EMA concept, with 34EMA, 30mins & 18EMA , 5mins for a simple & reliable INTRADAY LIFO (Last In, First Out)  trading statergy.

i.e based on the SMO SAR SWING VERDICT, one can work out 2 Possibilities for Nifty the next day & filter them to 1 with the LIFO Intra-strategy.

--> An important reason to do a LIFO trade intra-day , is so that :
1. We ENTER a trade based on TREND @HIGHER DEGREE  ,  &
2. We EXIT the trade based on moves @ LOWER DEGREE (T/f wise)

Think about pt no.2 in detail. The one who gets it will be rewarded the most INTRADAY :-)

Reality of Price is Best Reflected in the Mathematics of its EMAs !

cheers