Daily Trading strategy

[opagarwal]

Trading strategy for 24th March 2009

TRADING STRATEGY FOR 24TH MARCH 2009
(Based on technical by O P AGARWAL)


Markets stage a smart rally


Markets opened gap up yesterday on the back of strong Asian cues on expectation of further economic stimulus from the U S FED. Hectic short covering ahead of F & O expiry on Thursday also aided the market sentiment. The market mood remained upbeat through out the session. Markets finally ended buoyant with the Sensex closing with a massive gain of 457 points or 5.1% at 9424, around 30 points down from its intra-day high of 9454, the Nifty closed 132.85 points or 4.73% up at 2939.90 after touching intra day high of 2949.75. Oil stocks were in demand right through the session. Banking stocks surged in late afternoon trade on hopes that lower interest rates may boost lending growth. Select I T stocks too surged on hopes of revival in U S economy. The market breadth was strong on BSE with 1,630 shares advancing as compared with 923 that declined. A total of 60 shares remained unchanged. Meantime, U S markets galloped yesterday with DOW gaining around 500 points and NASDAQ surging by around 100 points on hearing the government's plan to help banks remove as much as $1 trillion in bad assets from their books and sales of existing homes unexpectedly rising in February, recovering from a sharp drop in the previous month. Back home, markets may remain firm today on the back of strong global cues and short covering ahead of F & O expiry.


NIFTY FUTURE (Last close 2938.35)
NF opened gap up yesterday on strong cues from the Asian markets and the counter remained steady through out the session closing near days high gaining 136 points. NF appears positive on charts and may move upward to 2993/3039 once it trades and remains above 2971.75. Strong short term support for NF exists at 2898.25, which if breached decisively NF may slide to 2885/2857.


SCI FUTURE (Last close 76.30)
The company is a state-run shipping company, operates and manages fleet of line vessels, tankers, bulk carriers, passenger vessels and offshore vessels. The company was able to maintain its net profit at Rs 185.43 crore in the quarter ended December 2008 as against Rs176.78 crore during the previous quarter ended December 2007 despite difficult economic conditions prevailing in the world markets. The company has ambitious plans to augment its fleet size to retain its prominent position in the shipping industry. Meantime the stock valuation suffered sharp setback during the past three months amid economic slowdown and weak sentiment in the capital market. The stock closed yesterday with marginal gain above its short term trend line crossing its weekly resistance after consolidating during the previous week. The stock will move up to 79/83 once it trades above 76.75. Strong support for the stock exists at 75.25.


BEL FUTURE (Last close 836.90)
The company is engaged in designing, developing and manufacturing state-of- the-art products in the field of radars, defense communications, telecommunications, sound and vision broadcasting, opto electronics, solar systems, IT products and electronic components. The company last month signed a pact with SELEX Galileo for exploring potential opportunities in the field of electronic warfare in the Indian market for offset requirements and contract manufacturing for export markets. The Q3 profit of the company rose 8.67% to Rs 122.77 crore in the quarter ended December 2008 as against Rs 112.97 crore during the previous quarter ended December 2007 despite economic meltdown worldwide. Meantime, the stock closed yesterday above its weekly resistance gaining around 3% over its previous close with good volumes. The stock appears positive on charts and may move up to 849/863 once it trades and remains above 840.75. Strong support for the stock exists at 829.25.




Readers may avoid trading in the above recommended stocks
unless, they have risk taking capacity.


DEAR READERS,
PLEASE WATCH THE MARKET TREND AND USE YOUR
OWN DISCRETION BEFORE TAKING A TRADE.

Protect profits with trailing stops and cut losses fast.
Avoid adding contracts in loss making trades



Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

 

[opagarwal]

Trading strategy for 25th March 2009

TRADING STRATEGY FOR 25TH MARCH 2009
(Based on technical by O P AGARWAL)


Markets ease on profit booking


Markets opened gap up yesterday on the back of strong cues from overnight U S markets and positive opening of Asian bourses. The firmness of the market remained till early noon on heavy buying in index heavy weight stocks and short covering by bears ahead of F & O expiry tomorrow. However, owing to heavy profit taking in the final hour of trade on the back of weak opening of European markets and lower US index futures, stocks cutting across sectors including several blue chip stocks ended the day far down from their intra-day highs, paring all the earlier gains. The Sensex, which was up by around 275 points at 9699 during the early trades closed the session with a meager gain of 47 points at 9471.The Nifty too had a bad session which closed in the negative territory at 2938.70 with marginal loss. In intra-day trades, the Nifty touched a high of 3017 and a low of 2914. Readers are advised to trade with caution and avoid making large positions.


NIFTY FUTURE (Last close 2937.65)
NF closed flat yesterday after opening gap up on strong cues from overnight US markets. The counter made a high of 3015 in early afternoon trades but a sharp sell off during the closing hour pulled down NF at its days low at 2915. However, NF managed to close well above its weekly resistance but to gain further strength it needs to trade and remain above 2969.75, whereby NF may move up to 2992/3019. Strong support for NF exists at 2901.25, which if breached decisively it may slide to 2880/2865.


ZEE ENTERTAINMENT FUTURE (Last close 104.60)
The stock closed yesterday above its weekly resistance gaining around 4% over its previous close with high volumes. The stock appears to be consolidating at current levels for the past four trading sessions and looks positive on charts. The stock will move up to 108/113 once it trades and remains above 104.75. Strong support for the stock exists at 101.25.


STERLITE FUTURE (Last close 327.10)
The stock had a dream run during the past thirteen trading sessions when it surged by more than 50% from a low of 232 made on 3rd March 09 to a high of 350 on 23rd March 09 on sustained buying with hardening of world metal prices. The stock closed yesterday with negative bias losing one percent after trading with high volumes. The stock may witness further profit booking once it slips below 322.25, whereby it may slide to 315/307. Strong resistance for the stock exists at 332.50.



Readers may avoid trading in the above recommended stocks
unless, they have risk taking capacity.


DEAR READERS,
PLEASE WATCH THE MARKET TREND AND USE YOUR
OWN DISCRETION BEFORE TAKING A TRADE.

Protect profits with trailing stops and cut losses fast.
Avoid adding contracts in loss making trades


Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

 

[Capricorn]

Re: Trading strategy for 25th March 2009

Don;t tell me you are going to open a new thread everyday. wouldn't it be simpler to have a single thread

 

[munde_77]

Re: Trading strategy for 25th March 2009

TRADING STRATEGY FOR 25TH MARCH 2009
(Based on technical by O P AGARWAL)


Markets ease on profit booking


Markets opened gap up yesterday on the back of strong cues from overnight U S markets and positive opening of Asian bourses. The firmness of the market remained till early noon on heavy buying in index heavy weight stocks and short covering by bears ahead of F & O expiry tomorrow. However, owing to heavy profit taking in the final hour of trade on the back of weak opening of European markets and lower US index futures, stocks cutting across sectors including several blue chip stocks ended the day far down from their intra-day highs, paring all the earlier gains. The Sensex, which was up by around 275 points at 9699 during the early trades closed the session with a meager gain of 47 points at 9471.The Nifty too had a bad session which closed in the negative territory at 2938.70 with marginal loss. In intra-day trades, the Nifty touched a high of 3017 and a low of 2914. Readers are advised to trade with caution and avoid making large positions.


NIFTY FUTURE (Last close 2937.65)
NF closed flat yesterday after opening gap up on strong cues from overnight US markets. The counter made a high of 3015 in early afternoon trades but a sharp sell off during the closing hour pulled down NF at its days low at 2915. However, NF managed to close well above its weekly resistance but to gain further strength it needs to trade and remain above 2969.75, whereby NF may move up to 2992/3019. Strong support for NF exists at 2901.25, which if breached decisively it may slide to 2880/2865.


ZEE ENTERTAINMENT FUTURE (Last close 104.60)
The stock closed yesterday above its weekly resistance gaining around 4% over its previous close with high volumes. The stock appears to be consolidating at current levels for the past four trading sessions and looks positive on charts. The stock will move up to 108/113 once it trades and remains above 104.75. Strong support for the stock exists at 101.25.


STERLITE FUTURE (Last close 327.10)
The stock had a dream run during the past thirteen trading sessions when it surged by more than 50% from a low of 232 made on 3rd March 09 to a high of 350 on 23rd March 09 on sustained buying with hardening of world metal prices. The stock closed yesterday with negative bias losing one percent after trading with high volumes. The stock may witness further profit booking once it slips below 322.25, whereby it may slide to 315/307. Strong resistance for the stock exists at 332.50.



Readers may avoid trading in the above recommended stocks
unless, they have risk taking capacity.


DEAR READERS,
PLEASE WATCH THE MARKET TREND AND USE YOUR
OWN DISCRETION BEFORE TAKING A TRADE.

Protect profits with trailing stops and cut losses fast.
Avoid adding contracts in loss making trades


Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

Agarwalji , Could you please tell something about options, short straddle , bull spread, bear spread

 

[praveen taneja]

Re: Trading strategy for 25th March 2009

Don;t tell me you are going to open a new thread everyday. wouldn't it be simpler to have a single thread

Actually bro he is trying to put his name in guiness book of traderji The Max Thread Holder Award goes to>>>>>>>>>>>>>>>>:rofl:

 

[opagarwal]

Trading strategy for 26th March 2009

TRADING STRATEGY FOR 26TH MARCH 2009
(Based on technical by O P AGARWAL)


Markets extend gains


Markets opened flat yesterday on mixed cues from the global markets and firmed up thereafter for a brief period to slip again on profit booking by the market participants. Markets fluctuated in a listless manner for the major part of the session and traders were seen covering their short positions ahead of F & O expiry. Markets witnessed volatility and pared gains after moving to the days high in early afternoon trades. However, markets surged in late afternoon trades led by Reliance and on reports of positive U S index futures. The Sensex, ended the day at 9667, nearly 40 points down from its intra-day high of 9706, with an impressive gain of 196 points. The Nifty closed the session at 2984.35, gaining 45.65 points or 1.55%. In intra-day trades yesterday, the Nifty touched a high of 2996.50 and a low of 2923.30. Stocks of realty, oil/gas and metal companies together with banking stocks led the rally ahead of the release of inflation report on expectations of further easing of the monetary policy. Meantime, as per market reports rollover of Nifty positions from March 2009 series to April 2009 was around 54%. Market may remain highly volatile in view of F & O expiry today and therefore, readers are advised to trade with caution.


NIFTY FUTURE (Last close 2983.10)
NF opened marginally higher yesterday and closed gaining 45 points amid high volatility and intra day swing of more than 70 points. The counter may remain volatile today ahead of F & O expiry. NF may rally further up to 3019/3041 once it trades and remains above 3006.75. Strong short term support for NF exists at 2958.25, which if breached decisively NF may slip to 2932/2901.


ABAN OFFSHORE APRIL FUTURE (Last close 322.00)
The stock after losing more than 90% of its value during the past one year settled at a low of 213 on 9th March 09 and thereafter rallied 50% and made a high of 333 on 24th March 09. The stock after consolidating at current levels may see profit taking and slip to 309/303 once it trades and remains below 316.75. Strong resistance for the stock exists at 327.75.


CAIRN INDIA APRIL FUTURE (Last close 190.40)
The stock of oil exploration company surged more than 30%, making a high of 200 on 24th March 2009, during the past one month on hardening of crude oil prices. The stock is moving range bound for the past three sessions and may witness profit booking at current levels and may slide to 184/179, once it trades and remains below 188.50. Strong resistance for the stock exists at 193.75.



Readers may avoid trading in the above recommended stocks
unless, they have risk taking capacity.


DEAR READERS,
PLEASE WATCH THE MARKET TREND AND USE YOUR
OWN DISCRETION BEFORE TAKING A TRADE.

Protect profits with trailing stops and cut losses fast.
Avoid adding contracts in loss making trades



Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

 

[aiyaz]

Re: Trading strategy for 26th March 2009

Please suggest for 27th March

 

[opagarwal]

Trading strategy for 27th March 2009

TRADING STRATEGY FOR 27TH MARCH 2009
(Based on technical by O P AGARWAL)


Market closes with steep gains


The market opened firm yesterday on positive global cues and remained steady throughout the session on short covering by he bears and good buying demand for the index heavy weight stocks led by Reliance, ONGC etc. A slide in inflation to near zero reinforced expectations of a further easing of the monetary policy by the apex bank. Market sentiment remained highly positive on the back of overnight gains in U S markets, positive and strong opening of Asian markets and stepping up of buying by the FIIs during the past two weeks. Sensex surged past the 10,000 mark in afternoon trades. While the Sensex went on to touch a high of 10,061, the Nifty rose to 3103 yesterday and finally settled with solid gains. The Sensex ended the session at 10,003 with a massive gain of 335 points while the Nifty closed at 3082.25, making a handsome gain of 97.90 points or 3.28%. Meantime, world markets closed in the positive yesterday which in turn may help in maintaining the current rally for some more time.

NIFTY FUTURE (Last close 3081.75)
Nifty F & O March derivative series ended yesterday with handsome gain. The counter has gained a massive 286 points during this week till yesterday primarily on short covering by the bears and strong global cues prevailing currently in the major markets. The counter remains positive but the rally to gain further momentum, NF needs to remain above 3108.75, whereby NF may move up to 3126/3149. Strong support for NF exists at 3654.25, which if breached decisively, NF may slide to 3023/3003.

ADLAB FILMS FUTURE (Last close 163.40)
The stock after remaining range bound during the past one week closed yesterday with moderate gains and good volumes. The stock appears positive on charts and may move up to 169/173 once it trades and remains above 164.50. Strong support for the stock exists at 159.50.

ADITYA BIRLA NUVO FUTURE(424.70)
The stock after moving sideways for the past three trading sessions closed yesterday above its short term trend line with positive bias. The stock appears attractive on weekly charts and may move up to 438/447 once it trades and remains above 427.75. Strong support for the stock exists at 415.75.

Readers may avoid trading in the above recommended stocks
unless, they have risk taking capacity.


DEAR READERS,
PLEASE WATCH THE MARKET TREND AND USE YOUR
OWN DISCRETION BEFORE TAKING A TRADE.

Protect profits with trailing stops and cut losses fast.
Avoid adding contracts in loss making trades



Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

 

[opagarwal]

Trading strategy for 30th March 2009

TRADING STRATEGY FOR 30TH MARCH 2009
(Based on technical by O P AGARWAL)


Markets end the week on strong foot


Markets last week opened on strong note on the back of positive cues from the global markets and expectations of a further easing of the monetary policy on the back of falling inflation. However, markets remained highly volatile owing to March09 F & O derivative series expiry. Market sentiment further improved on return and strong inflow from foreign institutional investors during the previous few days. Further, as per Govt. data released on Friday last, infrastructure sector output grew 2.2% in February 2009 over February 2008, showing some improvement in the sector. Meantime, Prime Minister Manmohan Singh on Saturday reviewed the current economic situation with top industry leaders and sought their views on India's stand at the G-20 summit in London for a way out of the global crisis. He further hinted that the central bank may further cut key interest rates, taking comfort from falling inflation and increased availability of cash in the country's economic system. Finally, the market ended with the Sensex surging 1,081.81 points, or 12.06%, to 10,048.49 in the week ended Mar. 27, 2009. On the other hand, the Nifty jumped 301.6 points, or 10.74%, to 3,108.65 in the same period. However, with the recent sharp surge in the markets, traders may opt cashing in on gains and therefore, readers are advised to watch the market trend before opening large positions.


NIFTY FUTURE (Last close 3124.55)
NF closed the week gaining a whopping 322 points or more than 11.5% over its previous close on the back of strong global cues, inflow from FIIs and short covering ahead of March F & O series expiry. Certain indicators on daily chart appear overstretched and therefore, one needs to exercise caution before adding large positions. Meanwhile, the counter may remain in the range of 3029-3217 during this week, break above may take NF to 3249/3287 or else break below may pull down the counter to 2983/2957. For todays trading the counter will gain further strength once it trades and remains above 3152.75, whereby it may move up to 3169/3188. Strong support for NF exists at 3084.25, which if breached decisively NF may slide to 3067/3038.


ALSTOM PROJECTS FUTURE (Last close 277.45)
The company is engaged in the business of design, engineering, manufacturing, procurement, supply, commissioning, servicing and renovation & modernization of power plants for utility and industrial users. It is also engaged in the development and supply of air pollution control systems, equipment for pollution control and conservation of energy. The companys profit rose 4.50% to Rs 31.38 crore in the quarter ended December 2008 as against Rs 30.03 crore during the previous quarter ended December 2007 despite economic meltdown. Further, the company has decided to reorganise the company by merging into a single entity all the activities related to power generation, to cut costs as per CEO of the company. Meantime, the stock closed the week with positive bias gaining 6% over its previous close albeit with low volumes. The stock appears positive on weekly charts and may move further to 289/296 once it trades with volumes and remains above 280.75. Strong support for the stock exists at 273.50.


UNITED SPIRITS FUTURE (Last close 681.50)
The company is India's biggest alcoholic drinks company and it is the world's third biggest by sales volume after Diageo and Pernod Ricard. The company has at least 59% market share in India and sells around 6.6 crore cases of liquor (each case has 12 bottles) across 140 brands. The stock of the company closed the week gaining 5% over its previous close with high volumes. The stock appears positive on weekly charts and may move up to 716/731 once it trades and remains above 689.75. Strong support for the stock exists at 675.25.



Readers may avoid trading in the above recommended stocks
unless, they have risk taking capacity.


DEAR READERS,
PLEASE WATCH THE MARKET TREND AND USE YOUR
OWN DISCRETION BEFORE TAKING A TRADE.

Protect profits with trailing stops and cut losses fast.
Avoid adding contracts in loss making trades



Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

 

[Capricorn]

Re: Trading strategy for 25th March 2009

Actually bro he is trying to put his name in guiness book of traderji The Max Thread Holder Award goes to>>>>>>>>>>>>>>>>:rofl:

:rofl: I like that.