Intraday Trading

kthakker0

Well-Known Member
12/10/2012 Friday

Hi all,

Open gap down was a signal that market sentiments are not to rally and when NF did trade near 5742 it was a good sign to go short as it was our range high as well.

Those who choose to short at 5742 have made money today as there after it never had the strength to reach that high again today.

Monday's range is same as of today but the TS is 5685

But the signals are not for rally as of now and I'll be gunning for my 5626 target. After all we only hope for our "The Best Time" weather market rallies or falls.

Does any of you remember any Congress political leader who's image is not tarnished?

Please do share your details if any, because he'll be jewel of Sonai's crown / clowns.

Let's hope that our weekend passes without any other Congress leader been banged with any Sting Operation.

My gosh! These Sting's Ops practically Sting all the corrupt people involved in the most vulnerable place you can think of, and which cannot be shown to even a doctor.

Signing off with a Happy Note
Happy Weekend and Happy Navratri. Enjoy Navratri the way we enjoy trading, after all we all need some recreation.

Bye
 

kthakker0

Well-Known Member
14/10/2012 Sunday

Hi all,

As per one report in circulation, the coming budget will be free for all and will be the last ditch attempt by the battered Congress to win back some lost ground.

Arvind on the other hand is gaining ground very fast and here he is not helping people but he is training the (Aam Adami) people on how to win their own battle on their own. In this way he will be everywhere fighting many battles at one time.

His strategy is one of the splendid way to empower people and truly make the democracy work For and By The People.

If you are right and fight your own battle then there are very little chances that you'll loose and Congress sees RED in and with this strategy in the coming General Election.

This thought has been quantified when President's Son won the Lok Sabha by election in West Bengal by just 2500 votes even when TMC did not field their own candidate. And the other seat has been lost to BJP with a margin of 22000+ votes.

So the bottom line being discussed in Power Loosing Congress HQ is open the purse in the coming budget and unleash the date for the General Election.

Reducing interest rate when Inflation is still above RBI's comfort level coupled with High Fiscal Deficits is a sure shot recipe to devalue Indian currency and giving S&P a bait in their hands to lower India's grade and there by increasing the cost of living.

So in mean and coming time forget Reforms, FDI etc and do not take any market oriented news into consideration as the effects have already or will have been nullified and thus have no effect on the market.

Markets will be propped up artificially till budget but will be volatile and we will try to make the most of these conditions.

Bye
 

kthakker0

Well-Known Member
15/10/2012 Monday

Hi all,

The tide may have turned up.

NF closing above 5704 could be the first signal of the rally.

But the indicators are still very fluid so SL is necessary.

Bye
 

kthakker0

Well-Known Member
15/10/2012 Monday

Hi all,

Tomorrow's range is 5703-5665 TS is 5674.

Price is gyrating between 5665 on the lower side and above 5705 but it does not trade convincingly above 5705.

Today's close at 5703 is a weak signal that rally is not strong enough to take wings.

Weekly signals a bearish sentiment, whereas daily signals rally as NF has found strong support at 5665.

Keep a SL at 5704 for your trades and trade accordingly.

For me its still 5626 unless some convincing rally is seen in the market.

Arvind (The Aam Aadmi) has rattled all the so called untouchable political leaders to such an extent that not only they are losing their correct mind frame when facing camera on national level but are using foul language directed at (all) "The Aam Aadmi".

If you ask a political leader about some incorrect or forged documents he will call you "Gutter Snipes" or "Street Dog" or "Street person".

Insulting an Aam Aadmi always has their own repercussions which are seen at the time of General Elections.

Read this piece of article perhaps it can make us laugh in time of distress
http://timesofindia.indiatimes.com/...tolen-probe-ordered/articleshow/16825936.cms?

Bye
 

kthakker0

Well-Known Member
15/10/2012 Monday

Hi all,

The tide may have turned up.

NF closing above 5704 could be the first signal of the rally.

But the indicators are still very fluid so SL is necessary.

Bye
16/10/2012 Tuesday

Hi all,

Perhaps this is the rally that I had written.

Today's range of NF has jumped above our normal range and is trading in the new higher range.

At the time is this writing 5704 is not broken and it is a good sign that rally has found some support.

NF is trading in a new range which is 5742-5703 and TS 5708. Here 5742 could be a resistance but trading above it will take NF to 5782 levels.

Keep a SL of 5704 for all ur longs for now. And if 5704 is broken then follow the given already given range.

This fall could also mean that rally is not convincing enough to muster the required support.


Bye
 

kthakker0

Well-Known Member
16/10/2012 Tuesday

Hi all,

NF is trading in a new range which is 5742-5703 and TS 5708. Here 5742 could be a resistance but trading above it will take NF to 5782 levels.

Keep a SL of 5704 for all ur longs for now. And if 5704 is broken then follow the given already given range.

This fall could also mean that rally is not convincing enough to muster the required support.


Bye

15/10/2012 Monday

Hi all,

Price is gyrating between 5665 on the lower side and above 5705 but it does not trade convincingly above 5705.

Today's close at 5703 is a weak signal that rally is not strong enough to take wings.

Weekly signals a bearish sentiment, whereas daily signals rally as NF has found strong support at 5665.

Keep a SL at 5704 for your trades and trade accordingly.

For me its still 5626 unless some convincing rally is seen in the market.

Bye
16/10/2012 Tuesday

Hi all,

We did see the initial rally but perhaps this was not the rally that was suppose to be.

And all those who have used 5704 as the SL would have minimised the loss (if any) and those who have reversed the trade are already in profit by now and are waiting for 5626.


Bye.
 

kthakker0

Well-Known Member
16/10/2012 Tuesday

Hi all,

Tomorrow's range 5703-5626 (Our target) TS 5626

Vadra could be that Joker who brought down the Mighty Congress. Vadra's deeds and shields could become the non-rusting nails of Congress / Sonia's coffin.

And besides we have to worry about our very own small dynasty so that our children should play and see that their children grow into mature humans beings.

Bye
 
17/10/2012 Wednesday

Hi all,

Reliance is not allowing CAG to audit it KG6 Oil / Gas field expenditure.

http://economictimes.indiatimes.com...-oil-ministry-to-pmo/articleshow/16848102.cms

What is there to hide?

Instead RIL say's that CAG has no jurisdiction to audit and question them.

What surprise can spring up if CAG does audit it? And is market ready for this or any kind of surprises?

Bye
Yes. This dispute has been on for some time. I think that RIL has the law on their side. But if CAG is allowed to go on with the audit, I think it will open a Pandora's Box of such audits and many more DLFs will tumble out :D