Intraday Trading

[kthakker0]

05/12/2012 Wednesday

Hi all,

NF marginally broke down below the low of the range, but traded within the range most of the time.

Today's range is 5938-5898 TS is 5922

FDI Discussion

• "Words have Power" this idiom was truly visible when Mrs Sushma Swaraj questioned Mrs Sonia Gandhi regarding a claim made by her in one of the rally that "Congress is the most successful party till date in India." The rebuttal given to Mrs Sonia Gandhi made her looked like the most helpless person of India even though the whole of India is virtually at her feat.
  
• Congress had hardly any defence against BJP's accurately and smoothly crafted figures and words collected from reports around the world along with current stand been taken in US and European countries in respect to these so called giant retailers.

Listed are some of the ways in which India is paying the Price for the Corrupt Activities undertaken by Congress

1. A US magazine portrays our PM as speechless. The same person who lifted India to Glory is himself in shambles.
2. International Olympic Committee (IOC) suspends India's membership. Why, for the simple reason, Bhanot the corrupt official is appointed as the President of Indian Olympic Association. On asking, Who is responsible for this fiasco even though India had 2 years to sort of the mess. The Blame Game Starts.
3. It seems that for the first time in Indian Parliament a question is asked to the ruling party by the opposition "Is this FDI discussion born out of Corruption?" And (as ever) shameless Congress had no answers just like Sonia had none.

We still have 3 more days of FDI discussion and God know how many more skeletons like the above will role out of our Parliament.

Let's all Pray For More as For India "More The Better". Let us all know which MP's are the weeds of our Society.

Bye

 

[seetharamank]

05/12/2012 Wednesday

Hi all,

NF marginally broke down below the low of the range, but traded within the range most of the time.

Today's range is 5938-5898 TS is 5922

FDI Discussion

• "Words have Power" this idiom was truly visible when Mrs Sushma Swaraj questioned Mrs Sonia Gandhi regarding a claim made by her in one of the rally that "Congress is the most successful party till date in India." The rebuttal given to Mrs Sonia Gandhi made her looked like the most helpless person of India even though the whole of India is virtually at her feat.
  
• Congress had hardly any defence against BJP's accurately and smoothly crafted figures and words collected from reports around the world along with current stand been taken in US and European countries in respect to these so called giant retailers.

Listed are some of the ways in which India is paying the Price for the Corrupt Activities undertaken by Congress

1. A US magazine portrays our PM as speechless. The same person who lifted India to Glory is himself in shambles.
2. International Olympic Committee (IOC) suspends India's membership. Why, for the simple reason, Bhanot the corrupt official is appointed as the President of Indian Olympic Association. On asking, Who is responsible for this fiasco even though India had 2 years to sort of the mess. The Blame Game Starts.
3. It seems that for the first time in Indian Parliament a question is asked to the ruling party by the opposition "Is this FDI discussion born out of Corruption?" And (as ever) shameless Congress had no answers just like Sonia had none.

We still have 3 more days of FDI discussion and God know how many more skeletons like the above will role out of our Parliament.

Let's all Pray For More as For India "More The Better". Let us all know which MP's are the weeds of our Society.

Bye

sir it is a joint mela by all the parties including the BJP,BSP,sp,dmk etc each have their shares it is like a movie where there are actors for every roll like hero villons jokers etc and every body get their loots at the end of the day donot blame congressw simply everybody is culprit.a ruling partyaiadmk support magzine says wall mart has already started operation and part of the chennai city retailers have been recruited to be buyers from wallmart bharti at whole sale rates of coursethe magzine has posted the address of the corporate office address the joke is the ruling party in TN is vehimently opposing the fdi in retail trade LOL

 

[rangarajan]

sir it is a joint mela by all the parties including the BJP,BSP,sp,dmk etc each have their shares it is like a movie where there are actors for every roll like hero villons jokers etc and every body get their loots at the end of the day donot blame congressw simply everybody is culprit

I agree with u.A big drama had been enacted.It was a foregone conclusion that FDI in retail would come.
FII,DII,HNI are NOT fools to invest & take the mkt up confidently.
As thakker always says,sail with the wind & current & make money.
Trade what you see & Not what u think.

I only feel sorry for those who sacrificed their lives for the freedom,putting themselves & their family into lot of pathetic inconvenience.

 

[kthakker0]

30/11/2012
Hi all,

The targets that I have calculated are 6216, 6166, 6122, 6065, 6000, 5960, 5945, 5938, 5922, 5915 NF will reverse from any one the them

But out of the above I'll go for any level between 5939-6000 as stated.

Go for 6094 when NF sustains above 6016

Time Wise
Probable days in which W5 could complete is 27 and the date is 27/12/2012

Bye

05/12/2012 Wednesday

Hi all,

Congress winning the FDI battle along with its (yet to be seen Good / Bad) consequences has already propelled our market further on anticipation and should further propel it to greater heights.

Tomorrow's range is 5977-5938 5972 TS is higher than today's CP 5940 which is an initial sign of concern that...

With NF reaching one of our above price target is a signal that technically Wave 5 is over and now it's time to trail the SL till a possible reversal is sighted.


Bye

 

[kthakker0]

I agree with u.A big drama had been enacted.It was a foregone conclusion that FDI in retail would come.
FII,DII,HNI are NOT fools to invest & take the mkt up confidently.
As thakker always says,sail with the wind & current & make money.
Trade what you see & Not what u think.

I only feel sorry for those who sacrificed their lives for the freedom,putting themselves & their family into lot of pathetic inconvenience.

sir it is a joint mela by all the parties including the BJP,BSP,sp,dmk etc each have their shares it is like a movie where there are actors for every roll like hero villons jokers etc and every body get their loots at the end of the day donot blame congressw simply everybody is culprit.a ruling partyaiadmk support magzine says wall mart has already started operation and part of the chennai city retailers have been recruited to be buyers from wallmart bharti at whole sale rates of coursethe magzine has posted the address of the corporate office address the joke is the ruling party in TN is vehimently opposing the fdi in retail trade LOL

Hi,

Both of you are right in your own respect as we will write or say only what we experience and feel strongly towards a particular incident or act.

The most potentially frustrated feeling that all Indian citizens experience is, when we come to know that we pay our hard earned money to the government in the form of various taxes levied on practically everything necessary for our survival is hoarded by the same people whom we elect.

And the irony is that inspite of knowing what the Indian public want they (political party / leaders) remain defiant and insensitive to our problems.

Example:
Which Indian citizen will not want Lok Pal Bill to be passed.
Which Indian citizen will not want to separate CBI from ruling party clutches.
Because today was one the shameless day of the Parliament session when Sushma Swaraj again questioned SP and BSP as what they wanted near to them, CBI or FDI? And we all knew what they had already chosen.
Yesterday she had questioned the ruling party "Is FDI born from Corruption?"

So why will CBI rest in the hands of any ruling party when it's used for their own private purpose at our expenses.

Why don't we get Lok Pal, which can arrest / stop the spread of corruption.

When someone criticizes a political party their views are based on some potent incidents that they / their friends / relatives might have gone through.


Bye

 

[kthakker0]

01/12/2012 Saturday

Hi all,

There could be some supportive rally if NF trades above 5926 which could be anywhere between 5930, 5945-48, 5957, 5967-70 before breaking down.

Either book profits or initiate short position.

Definitely go short below 5918.

The fall will be volatile and short lived which could get arrested at or near 5860 levels.

Bye.

05/12/2012 Wednesday

Hi all,

Tomorrow's range is 5977-5938 5972 TS is higher than today's CP 5940 which is an initial sign of concern that...

With NF reaching one of our above price target is a signal that technically Wave 5 is over and now it's time to trail the SL till a possible reversal is sighted.

Bye

06/12/2012 Thursday

Hi all,

5967 is a winning salute to FDI in Lok Sabha with a losing salute of about 100 point within minutes when FDI enters Rajya Sabha.

Now 5898 will become an important level and resistance for any rally to continue. Strict SL for shorts has be 5938.

Close below 5898 will see further downfall

Bye

 

[kthakker0]

06/12/2012 Thursday

Hi all,

Rising NF is an opportunity to again go short between 5906 - 5930 levels with a SL @ 5938

Bye

 

[kthakker0]

06/12/2012 Thursday

Hi all,

The shorting opportunity resulted in a 5 points SL @ 5938 and a reverse trade earned 40 points.

List of how India's Reputation is destroyed.

• PM labelled as lame duck in a US magazine
• Maldives took over Male Airport from GMR
• IOA parties after electing tainted officials despite IOC suspension.
• Open secret that SP and BSP chooses FDI rather than CBI.
• PM questioned / accused of corruption in the Parliament "Is FDI discussion born out of corruption"
• No place to include as list goes on - on and will still go on...

FDI discussion opened eyes of all the Indian voters as to how their elected members fool them.

If FDI can be passed in this way, just imagine, how many laws might have been passed without us knowing almost most of them.

If Congress can be sold via FDI who can stop them from dividing and then auctioning the rest of India to highest bidder.

Perhaps, by the time 2014 General Election comes most of India might have been sold or mortgaged to some / many global services / consultants / banks, who knows we may even hear some drug lords coming with a duly Registered / Stamped file saying Maharashtra or some other states is sold to them by the gov of India along with all the residents.

Tomorrow's range is 6016-5860 TS = 5938 CP 5970 is > TS 5938 which signals further rally and with FDI slated to be cleared in RS as well.

The decks are supposed to be cleared for further rise in NF once it sustains trading above 6016 level

How will Indian consumer benefit from FDI??? No one thinks about us???

We and only We have to think of ourselves. So Earn As Much As You Can While You Can

Bye

 

[kthakker0]

07/12/2012 Friday

Today's open below CP was a small indication that crack may be forming. And till this writing today's open / high is not breached.

If for some reason when NF trades between 5977-5957, its a sell signal.

You can c/f your short positions when NF trades below 5938 at closing time.

Bye

 

[kthakker0]

09/12/2012 Sunday

Hi all,

We saw our supportive rally till 5985 against the target of 5970 and Friday's 15 points difference between LPT of 5930 and CP at 5945 signals of further rally. Any c/f sell position should reversed.

With FDI under its belt UPA II now talks of other pending bills of Insurance, Banking, Infrastructure and the Big Daddy of all "Still an undying faith that RBI may reduce Interest Rate on 18/12/2012 its Mid Quarter Review" are gaining momentum and these could lead another round of rally in the market, any remaining void will be filled by robust US employment stats.

Who can answer this question. What does FDI means?

1. Buying Cheap Quality Goods or
2. Buying Quality Goods Cheaper?
   Only Time will tell. But one things is sure, our money will go out of India increasing or still worsening our deficit problems.

Negative reports under the radar as of now are...

• Trade deficit to worsen with opening of FDI http://www.niticentral.com/2012/12/retail-fdi-will-make-indias-trade-deficit-worse.html
• Gov asking for more money to finance its oil subsidies and Air India's turnaround. (How much more taxpayers money will be poured in Air India?)
• Inflation still above / at 7%
• Deficit still growing
• Both direct and indirect tax collections are well below estimates.
• Dismal GDP figures and high inflation will surely take its toll on the RBI's decision on Interest rate.
• Smart traders will surely exchange stocks for money at higher levels.
  Summary: Low Income High Expenditure.

Keeping the above answer in mind how can RBI be convinced to reduced the Interest Rates

Perhaps the last nail in India's economic coffin should be reducing interest rate at this juncture in the pretext of one good reason or the other, as any adverse effect (thereafter) will surely burden the middle and lower income class.

Even if the Interest Rate is reduced the negative effects could be...

• Rupee to fall further through devaluation. Thereby indirectly increasing or at least keeping the prices high certainly not reducing them.
• GPL in one form or the other to some of our manufacturing fartanity.
• Rising India's External debt thereby keeping the inflation high.

So what do we do
NF sustaining trades above 5977 will surely test 6016 as stated previously. Go for 6057 when 6016 is breached and then 6094.

Bye