Intraday Trading

kthakker0

Well-Known Member
29/10/2012 Monday

Hi,

US market is been forecasted to rally post Election with Obama favoured as the winner.

If the above happens then US market will rally till Feb more/less with S&P target of 1530

But If Obama loses the Election then it's a downfall.

So if S&P trades below 1395 fall has already started and closing below 1390 indicates bearish phase has started.

Perhaps today and tomorrow US market may be closed due to the storm.

India is on the same trajectory, Today reshuffle, Tomorrow Credit Policy, Next Week Diwali.

Lets hope that right kind of bombs are used which can propel market to greater heights else bombs as we all know are natural destroyers.

All player hopes to be on the right side, weather bullies or bellies.

All the best.

Bye.
 

kthakker0

Well-Known Member
This reshuffle has so far proved beneficial for the market...

Sensex-Nifty gained...new oil minister lifts RILReliance shares were up 1.2 percent as of 11:23 a.m., outperforming a 0.36 percent gain in the Nifty.

Let's see how it goes in the long run... but so far so good;)
Hi,

Instead of Reliance giving Diwali Bonus Reliance got Diwali Bonus in the name of...

  1. CAG will not Audit Reliance Gas fields.
  2. No limits and No Questions asked on the Expenses incurred on Gas fields developments.
  3. All Expenses approved via Super Fast Track Approval.
  4. (Perhaps) Gas Price will be revised before 2014
So naturally where will Reliance go?

Congress will sign the Contract in such a way that no gov in future can revoke the agreement, if revoked Reliance will benefit heavily.

And who will pay for this unquestioned expenses? You and me.

Bye
 

kthakker0

Well-Known Member
29/10/2012 Monday

Hi all,

The current known levels are...

5782, 5763, 5742, 5722, 5704, 5685, 5665, 5650, 5626

All traders who respect the levels and trade accordingly, till date have always benefited.

Bye
 

kthakker0

Well-Known Member
29/10/2012 Monday

Tomorrow's range does not matter as the Credit Policy has more weightage than any other matter and all the calc are surely going for a toss.

No one will be able to predict properly as to where the market will trend.

Congress has made sure that RBI should leave it's inflation loving attitude and tow the line which Congress loves the most.

Since these are (forecasted) last few months of Congress on the strong foot, Congress will do whatever necessary to clean up some of the stubborn stains of corruption.

The tactics used by Congress to wash off the stains will then later on be used as a testimony and lectures will be held in prestigious Mgmt Institutes and IIT's on how to clean yourself after indulging in a messy career.

Bye
 

manish9300

Well-Known Member
29/10/2012 Monday

Tomorrow's range does not matter as the Credit Policy has more weightage than any other matter and all the calc are surely going for a toss.

No one will be able to predict properly as to where the market will trend.

Congress has made sure that RBI should leave it's inflation loving attitude and tow the line which Congress loves the most.

Since these are (forecasted) last few months of Congress on the strong foot, Congress will do whatever necessary to clean up some of the stubborn stains of corruption.

The tactics used by Congress to wash off the stains will then later on be used as a testimony and lectures will be held in prestigious Mgmt Institutes and IIT's on how to clean yourself after indulging in a messy career.

Bye
Do you really believe congress can clean up this mess?
lol.....guess congress is right in thinking that people will forget about all the scams and corruption charges.Most of the people will vote based on caste/religion and or sell their vote for a daru bottle at the time of elections anyway.The corruption really doesnt matter cause it doesnt affect our lives directly.Politicians know this thats why they take corruption charges so casually.What matters is the price hikes or high inflation.Its really the inflation which is hurting the mango people most.
If somehow ...by sheer luck.... inflation start falling and reaches low levels next year(it is possible because of base effect)than congress will have a chance of coming back to power cause they have made enough money to buy most if not all of the "swing votes".Rbi is doing the sensible thing by not decreasing the interest rate till inflation comes down. But if tomorrow Rbi changes its policy and inflation continues its upward journey....this will turn into the proverbial "final nail ".
 

kthakker0

Well-Known Member
30/10/2012 Tuesday

Hi all,

RBI has not only made it amply clear that until and unless you (Congress) reduces inflation RBI will not initiate a rate cut but also made a bold statement that RBI is not Congress property that can be twisted and turned as they like.

RBI has refused to look at the brighter side of PC who said that in coming 5 years (2017) fiscal deficit will be much lower. PC should remember that Congress is living on borrowed time and they does not know weather they will survive the coming 5 weeks or even 5 months, so all those who live on borrowed time should not talk of future.

Till the writing of this article NF has not breached 5626 level which is an important support level and which will possibly will become a resistance if broken below.


Bye