Intraday Trading

[kthakker0]

Hi

Can you please post levels for Bank nifty future also.

Thanks

Hi,

Main Bank Nifty levels are 11250, 11875 and last 12500.

Sub BN levels are 12500, 12344, 12188, 12031, 11875, 11719, 11563, 11400, 11250

Levels in bold are imp and can be used to book profit or initiate long / short entry as per the trend.

As I don't trade BN I don't track it very often.

Bye

 

[vinst]

04/10/2012 Thursday

Hi all,

Early indicator are signalling that if NF converts the support of 5820 in a catapult then it can propel itself to 5938 levels.

But make a note that with new High, NF will have the equal and opposite reaction force which can throw it back.

But as long as NF is rising follow the above levels with a strict SL for longs

Bye

can it be said that 5820 , NF, is now acting as support ?

 

[kthakker0]

can it be said that 5820 , NF, is now acting as support ?

Hi,

Yes you can.

But if NF trades below 5818 with increasing volumes then the same support will become the resistance.

So plan your trade / profits accordingly.

Bye

 

[kthakker0]

05/10/2012 Friday

Hi all,

Today's range is 5860-5781 with 5850 as the trend setter.

Here 5860 is also an important level.

Bye

 

[kthakker0]

05/10/2012 Friday

Hi all,

NF rose above 5820 to reach 5855 (but did not break 5860) and fell thereafter. Along the fall we had 5820 as support which is also taken out.

I had my lower target at 5781 but I never thought that I will be rewarded so early and quickly.

Some bad news has spooked the market, but and as always we are prepared to enjoy "The Good Times"

Since today's range has already been broken the lower side I'll be seller on the already mentioned higher levels.

Now my lower target will be 5741 (The Open Gap of 03/10/2012)


Bye

 

[kthakker0]

03/10/2012 Wednesday

Hi all,

1. Raja, Kalmadi made Parliament panel members, Cong sees no wrong.
2. Subramanian Swamy says Mid-Term General Elections by March 2013.
3. Inflation still a "Major Concern" for RBI
4. RBI to consider Diesel price hike and it's impact on Inflation and only then it will take a call on any interest rate decision.
5. Derogatory remarks by Coal Minister in regards to wife, sparks resentment among women. What else can you expect from a nearly uneducated person.

For us, only 3 and 4 are important as of now. Others are not relevant as of now, but nos 2 can spoil our party if it materializes.

Bye

05/10/2012 Friday

Mamata's initiation of a "No Confidence Motion" caused the "Freak Trades" and NF fell drastically

Is / Will number 2 become a reality sooner than later. And was this the real reason for the so called "Freak Trades" that happened on and as declared by NSE?

I don't believe in any so called "Freak Trades" as NSE has all the required mechanics in place that can avoid the same.

After Mamata's call, it's my belief that the rally may become a bull trap. But in case market takes a "U turn" then we have 5820 as the SL for shorts.

Bye

 

[kthakker0]

05/10/2012 Friday

Hi all,

Mamata has rattle India all of sudden.

5741 reached and profits booked and now we have support at 5704.

Market will calculate the propensity of Mamata's news and will decide how quickly can Mamata's googly be discounted.

But as far as market is concerned, all the Good News which Congress came with has been fizzled out by Mamata's googly.

Now there will be few takers for whatever Congress says unless Congress wins this "No Confidence Motion" or if opposition does not support Mamata's call.

Lets see what's the outcome.

Bye

 

[timepass]

So, we can expect a lot of news based volatility this month. Soon, it will be the results season.

 

[kthakker0]

So, we can expect a lot of news based volatility this month. Soon, it will be the results season.

05/10/2012 Friday

Yes, but results may have been discounted in this rally.

Volatility is the only thing remaining till the Credit Policy is announced on Oct end.

And if Mamata's threats rules till Oct end then even the interest rate cut will not have the desired effect on the market.

And besides to keep the market from falling further gov will provide good news one after the other so that the effect of No Confidence is nullified or at least eased out.

Monday's range 5859-5703 with 5800 as the trend setter.

Although the trend is up, some spikes like (No Confidence Motion) grow so large that it spooks not only one but all the markets of India.

NSE has rubbished today's fall as Freak Trades, but the main Bone of Contention is the 1000 points drop in Spot Nifty today, NSE is investigating as to how and why it happened.

But the point to understand is, NSE just cannot sustain even orders worth 600 crore in multiple securities, NSE will be crushed like a empty beer can similar to what happened today.

What will happen, if FII let loose a cat among (us) mouse, to NSE and BSE?

Qukeeee! Na bewee na bachaa na baap bada na maiya. The whole thing is that kay bhayya sab say baada Rupayia.

Qukee Rupayia he hamara bhayya, maiya, aur Ganpati Bappa.

Bye

 

[kthakker0]

08/10/2012 Monday

Hi all,

On Friday we earned from the fall and today 5800 was the trend setter for which the open NF price gave the signal to go short.

And those who has followed the signal are / is already smiling on their decision.

When NF trades below 5722 go for 5703 which is our today's range low else book profit at 5722 for the day.

If the fall continues then my target will be 5626 on the downside.

Lets see what happens...

5703
Lets go for 5703 and perhaps even lower, lets push our earning potential little harder...


Bye