Intraday Trading

[kthakker0]

10/12/2012 Monday

Hi all,

Friday's 15 points followup difference btwn LTP and Close did not help to rally as I had though.

But if NF has not rallied it has not tanked down either. So net-net it's a Flat day.

NF trading above 5977 should see NF trading btwn 6000-6016. (My Sell Area)

5938 is the fulcrum for knowing the trend. For me CP below 5938 is signal to remain short (as stated)

CP below 5900 will pronounce that buying is out selling is in.

Bye

 

[ganeshams]

this is more a traders market, clueless, its not giving any direction need to wait bit more to clear about the direction. But we can make money following the range.

 

[kthakker0]

10/12/2012 Monday

Today was an inside day of an inside day. So tomorrow when NF trades above 5955 (today's high) its a buy signal and if it trades below 5923 (today's low) its a sell signal.

Tomorrow's range is 5977-5938 TS = 5972

It seems that some news is been awaited that's why NF is getting closed above 5938 since last 4 days with 4-5 point difference.

Today's CP below TS may hinder tomorrow's rally but an inside bar breakout on the either side of the trend will lead the way.

Bye

 

[kthakker0]

10/12/2012 Monday

Tomorrow when NF trades above 5955 (today's high) its a buy signal.

Tomorrow's range is 5977-5938 TS = 5972

NF trading above 5977 should see NF trading btwn 6000-6016. (My Sell Area)

Bye

11/12/2012 Tuesday

Hi all,

It seems that we are destined to earn "As Much As We Desire"

It seems that there is still some juice left as Bharti IPO is opened till Friday, so more or less if we don't see any rally we won't see any drastic fall.

And with Gov becoming salesman of PSU's the market should be kept buoyant.

No matter how long this party lasts we will surely take all the available benefits.

Please do post your updates here if I miss anything.

Market Spooked
Something spooked the market very badly, but we have managed to get more than our quota.

But the question is what spooked the market so badly?

Until this is cleared trend will be difficult to predict. Keep 5938 as a pivot for your trades.

Bye

 

[kthakker0]

12/12/2012 Wednesday

Hi all,

Yesterday's fall has triggered a change in the sentiments with Bank Nifty closing below its low added the necessary fuel to break the rally.

Today Bank NIfty closing below 12440 will confirm that rally is dead for some time now.

5977 is going to be pretty tough resistance.
Trading below 5918 will see NF trading at 5880-5860

And its still a sell below 5938 with the same SL if market reverses for some reason.

Bye

 

[kthakker0]

12/12/2012 Wednesday

Hi all,

Those who sold on rally would definitely have benefited.

With BN and NF both closing respectively below 12440 and 5938 has signaled that rally for now is resting, perhaps taking a afternoon nap.

The fall will not be that drastic and should fizzle out between 5800-5782 area and then... lets see what happens thereafter, what's the hurry guys.

But 1st let see what tomorrow has in store for us. Range is 5938-5900 TS = 5928

Take advantage of any rally to 5958, 5977 etc by selling to cover at lower levels.

Our, Congress, PM proposes to hand over Sir Creek to Pakistan and Congress FM disposes the same. What an irony that within Congress the second most important person "The FM" does not know that a part of India is been handed over to Pakistan by our PM (As per the letter by Narendra Modi) and for what, no one knows most of them are in dark.

http://economictimes.indiatimes.com...emands-narendra-modi/articleshow/17587914.cms

So stories are coming out one-by-one that Congress is destroying not only the Financial Fabric of India but the Geographical boundaries as well. POK is almost in the hands of terrorists and China, Arunachal Pradesh is fiddled by China every now and then and now comes the news of Sir Creek.

I hope that by or even after 2014 General Election we still remain Indians and not some nomades (laawaris) seeking asylum in some country.

Bye

 

[kthakker0]

12/12/2012 Wednesday

Hi all,

Today Bank NIfty closing below 12440 will confirm that rally is dead for some time now.

5977 is going to be pretty tough resistance.
Trading below 5918 will see NF trading at 5880-5860

Bye

Hi all,

BN did close below 12440 and 5938 did become the de-facto level and those who sold at or below will be happy. And NF sank like a stone below 5918 to reach lower levels.

NF closing below 5875 will be see it trading btwn 5800-5782 levels

Two important BN support levels are 12370 and 12280

Bye

 

[kthakker0]

14/12/2012 Friday

Hi all,

Today's range is 5959-5937 TS 5898

Very tough to break above 5898 for now, but if it does trade above 5898 than 5918 will the last level from where NF should fall.

5860 is the tough support for now.

Bye

 

[timepass]

14/12/2012 Friday

Hi all,

Today's range is 5959-5937 TS 5898

Very tough to break above 5898 for now, but if it does trade above 5898 than 5918 will the last level from where NF should fall.

5860 is the tough support for now.

Bye

Could you please re-check the above figures ? Sounds a bit confusing.

 

[kthakker0]

16/12/2012 Sunday

Hi all

Monday's range is 5898-5859 TS =5878

Since CP is > TS and high of the range we may see some buying activity initially, but ultimately NF will fall as it should not be able to trade above 5942.


Bye.