Intraday Trading
- Thread starter kthakker0
- Start date
- Tags daily trading intraday swing nifty futures
19/10/2012 Friday,
Hi all,
Reducing key interest rates was propagated by one and all in one voice, while like minded individuals like us were the only ones to do the required postmortem of the same and say that chances of RBI lowering the rates were dimm, as inflation, which is the key parameter that RBI relies on before changing rate structure is above RBI's comfort zone.
Our FM, the one and only, Chiddu said, that since Congress has unleased reforms in FDI, Retail etc RBI should follow our footsteps and reduce the rates while ignoring the inflation scenario.
But news trickling from all around has changed the tune and now voices are not confirming that rates will be reduced, and it may be because of this reason that rate sensitive and banks which were the most desired flavour for trading are somewhat wounded today.
At the time of this writing DOW is down by more than 100 points and our market on Monday could follow the same route.
So Monday's range is 5704-5665 with TS as 5665.
If on Monday NF opens lower than 5665 it will be the desired case to go short and if the previous low of 5637 is breached then our long awaited 5626-5605 levels, and if 5605 is breached than lower levels of 5585 should be reached.
But if our market plays the catch up for some unknown reason then you all know the higher levels ie 5665, 5685, 5704, 5722, 5742, 5782
Let's see what our market is up to this time...
Besides NF did gyrate as forecasted between 5722-5665 range and today again have a reason to smile and enjoy not only our weekend but the colorful Navratri as well.
Happy Weekend
Bye
Hi all,
Reducing key interest rates was propagated by one and all in one voice, while like minded individuals like us were the only ones to do the required postmortem of the same and say that chances of RBI lowering the rates were dimm, as inflation, which is the key parameter that RBI relies on before changing rate structure is above RBI's comfort zone.
Our FM, the one and only, Chiddu said, that since Congress has unleased reforms in FDI, Retail etc RBI should follow our footsteps and reduce the rates while ignoring the inflation scenario.
But news trickling from all around has changed the tune and now voices are not confirming that rates will be reduced, and it may be because of this reason that rate sensitive and banks which were the most desired flavour for trading are somewhat wounded today.
At the time of this writing DOW is down by more than 100 points and our market on Monday could follow the same route.
So Monday's range is 5704-5665 with TS as 5665.
If on Monday NF opens lower than 5665 it will be the desired case to go short and if the previous low of 5637 is breached then our long awaited 5626-5605 levels, and if 5605 is breached than lower levels of 5585 should be reached.
But if our market plays the catch up for some unknown reason then you all know the higher levels ie 5665, 5685, 5704, 5722, 5742, 5782
Let's see what our market is up to this time...
Besides NF did gyrate as forecasted between 5722-5665 range and today again have a reason to smile and enjoy not only our weekend but the colorful Navratri as well.
Happy Weekend
Bye
20/10/2012 Saturday
Banana is planning to sue Robert Vadra for hurting his sentiments by calling India a Banana Republic.
Read the whole sensational story...
http://timesofindia.indiatimes.com/...-Bananas-slam-Vadra/articleshow/16881543.cms?
And guys, never mock a "Banana, Ever Again" this is a Warning by those who value their Banana and the Banana Lovers.
Bye
Banana is planning to sue Robert Vadra for hurting his sentiments by calling India a Banana Republic.
Read the whole sensational story...
http://timesofindia.indiatimes.com/...-Bananas-slam-Vadra/articleshow/16881543.cms?
And guys, never mock a "Banana, Ever Again" this is a Warning by those who value their Banana and the Banana Lovers.
Bye
21/10/2012 Sunday,
Hi all,
As I was going thru the past NF records I came across a similar data pattern (the one we saw this week). Here NF clicked a low of 5628, our's recent low is 5637. The day prior of fall the Close was 5685 our Friday's close is 5688.
The next day range was 5715-5597 the close was 5605 and there after for next 40 odd days NF did not break above 5626. The day it broke above 5626 was a Gap Up Opening Day.
I have heard that "History Repeats Itself". What do you say????
Destiny has many ways to bypass us and with Credit Policy date just over the horizon, it's difficult to say what future has in store for us.
We only watch the levels and decide weather to trade or not.
As of now 5626 is the de-facto level which is behaving like MOB
Bye
Hi all,
As I was going thru the past NF records I came across a similar data pattern (the one we saw this week). Here NF clicked a low of 5628, our's recent low is 5637. The day prior of fall the Close was 5685 our Friday's close is 5688.
The next day range was 5715-5597 the close was 5605 and there after for next 40 odd days NF did not break above 5626. The day it broke above 5626 was a Gap Up Opening Day.
I have heard that "History Repeats Itself". What do you say????
Destiny has many ways to bypass us and with Credit Policy date just over the horizon, it's difficult to say what future has in store for us.
We only watch the levels and decide weather to trade or not.
As of now 5626 is the de-facto level which is behaving like MOB
Bye
22/10/2012
Hi all,
Today and till now market have managed to played the catch up and we are fortunate enough to make / take some of our share of profits, if traders have followed the levels with 5665 as the SL than the target could have been any one of the above till the time of this writing.
Sirf paisay kamao, paisay
Dekh-tay hai agay kya hota hai.
Bye
Hi all,
Today and till now market have managed to played the catch up and we are fortunate enough to make / take some of our share of profits, if traders have followed the levels with 5665 as the SL than the target could have been any one of the above till the time of this writing.
Sirf paisay kamao, paisay
Dekh-tay hai agay kya hota hai.
Bye
22/10/2012 Monday
http://economictimes.indiatimes.com...jarat-chief-minister/articleshow/16912665.cms
Does the above article of UK envoy meeting Mr. Narendra Modi gives a clear cut signal that everyone around the world including the so called super economies are betting that Congress will not only be defeated without any remorse but Mr. Narendra Modi has the highest percentage of becoming the PM of India.
If the above is true than US will not be far behind, once their Nov elections are over than the new president will take a prudent call on the same.
The reasons for the above change of heart are many but some specials ones could be
If Lok Pal Bill takes the shape of Law and if implemented properly then perhaps there is no stopping of "Genuine Progress of India" rather than the current corruption lead rally where people only lose not only money but faith as well.
I always hope for a better India. Lets hope many / all of you will do the same.
Bye
http://economictimes.indiatimes.com...jarat-chief-minister/articleshow/16912665.cms
Does the above article of UK envoy meeting Mr. Narendra Modi gives a clear cut signal that everyone around the world including the so called super economies are betting that Congress will not only be defeated without any remorse but Mr. Narendra Modi has the highest percentage of becoming the PM of India.
If the above is true than US will not be far behind, once their Nov elections are over than the new president will take a prudent call on the same.
The reasons for the above change of heart are many but some specials ones could be
- Till now there is hardly any progress in Nuclear tech deal between India + US.
- PM and Congress have been criticized by the whole world and a US mag has even gone ahead to declare that our so called PM is a non-functionary. Perhaps Congress has still not give a fitting reply on this article.
- Assembly elections are the pointers to what future holds for India and Congress in particular.
- Blatant misuse of power and uncalled ugly language used by almost all the powerful leaders of Congress has dented Congress image more than the corruption charges.
- Almost all Congress leaders are involved neck deep in perfecting the "Art of Corruption"
- Even the so called 3rd front is just behind or not far from Congress in corruption and misuse of power.
- Anna + Arvind duo has done the necessary work of making the Indian citizen see hope / substitute for Congress.
If Lok Pal Bill takes the shape of Law and if implemented properly then perhaps there is no stopping of "Genuine Progress of India" rather than the current corruption lead rally where people only lose not only money but faith as well.
I always hope for a better India. Lets hope many / all of you will do the same.
Bye
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