Intraday Trading

kthakker0

Well-Known Member
17/12/2012 Monday

Hi all,

Tomorrow is RBI review day and there is an expectation that interest rate would be tinkered.

So keeping this unfortunate factor in mind the market may be buoyant today and if NF trades above 5838 then consider it as your SL.

Today market should find considerable support btwn 5880-5860 levels. But breaking these levels will signal that review will not materialize as expected.

Real Reaction will only be seen tomorrow after the review is over.

Bye.
 

kthakker0

Well-Known Member
17/12/2012 Monday

Hi,

Tomorrow if interest rate is not cut than sell SBIN btwn 2390-2370 for 2290. Profits can be booked btwn 2350-2325. Expect 2240-2225 levels when SBIN trades below 2290.

This is a relay info, trade as per your expectations.

Bye
 

Bewinner

Well-Known Member
17/12/2012 Monday

Hi all,

Tomorrow is RBI review day and there is an expectation that interest rate would be tinkered.

So keeping this unfortunate factor in mind the market may be buoyant today and if NF trades above 5838 then consider it as your SL.

Today market should find considerable support btwn 5880-5860 levels. But breaking these levels will signal that review will not materialize as expected.

Real Reaction will only be seen tomorrow after the review is over.

Bye.
Thakker,

Today mkt neither gone down nor up...infact today is not the good day for intraday traders on Nifty I suppose...so what is your analysis for tomorrow? You anticipated mkt to take suppport betwn 5880-5860 whiche happened indeed. I mean do u think review came up with positive way....???

-Sandipan
 

kthakker0

Well-Known Member
18/12/2012 Tuesday

Hi all,

If the Gujarat Exit Polls are to believed then it seems that we Mango People have given the most fitted reply to Corrupt Congress Culture.

We Indians are proud of many things like...
  • Our Culture
  • Our Festivals
  • Our Rich Heritage left behind by our prominent rulers (Taj Mahal, Qutub Minar Legendary Temples of South and East and many more)
  • Our Motherland India is perhaps the only country which has such a diversified and vivid religion base. And all of us wants to live in Peace and Harmony (expect for a few Rascals who makes us fight among ourselves for their selfish gains)
  • We have never invaded any Country so far, which proves that we are tolerant.
  • It is said that India gave "The Numeral Zero" "Ways to calculate distance between Stars" "Respect for all" and many other things.
But, the Congress Culture [CC], in the last 50 odd years of democratic rule has practically changed everything that we have amassed in so many centuries and this goes to our belief as well.
  • CC always thinks of itself rather than India
  • CC has registered the highest number of corruption related scams.
  • CC has changed our "Respectful Nature" into "Doubtful Nature"
  • Price of 1 liter petrol has approximately 48% all sorts of taxes and still the Oil Companies are crying for more.
  • LPG in Sri Lanka is sold below what we buy in India. How come Sri Lanka sells LPG for less and we can't? (Shayad uske pass Ravan abhi hai)
What has CC given us or turned us into...
  • The most potent of all is, "CC has made us change our perception towards our own fellow Indians. (We don't care if someone is hurt in an accident, we let him die rather than help him)
  • What is India's standing in the world stage? "ZERO" No one respects us. Even a US publication has the guts to name our PM speechless, gutless etc and all we all do is read and hear it with despair but can't do anything.
  • First it was Musharraf who insulted us when he visited India and now it was Malik.
Instead of setting India on the path of recovery our FM Chiddu...
  • Is very quick in giving bitter medicine to common people.
  • But is not saying a word about how Black Money menace will be tackled. This amount is so huge that it has the potential to end most of the Financial Problems of India.
  • Chiddu knows very well, how the Indian economy works and how it can be twisted to get the best milage for CC.
  • Perhaps, Chiddu will be the only FM of our country who is literally begging before RBI Governor to reduce interest rate in one pretext or the other.
  • Aarey baba kutch kam vam kar liya hota to bhikh mat mangnay ki naubat nahi aati.

Reducing interest rate is a catch 22 situation
At this juncture it's very bad for India, as it will surely decrease the value of Indian Rupee and this will directly affect each and every Indian. (But not the politicians as they have made themselves very secure [For Time Being I Suppose])

As per the RBI policy the chances of reducing the repo rate is slim, even though Chiddu is begging.

Elections are our time to give a fitting reply all corrupt, non performing, political leaders.

At least as far as I am concerned I hope not to see CC in Parliament, ever.

Market are at mercy of Modi and Interest Rate factors. Both will disappoint the market as both are not as what CC has expectation. The market should turn into a Diwali / Christmas Sale.

Come 20/12/2012 with Good News of Congress predictable victory in HP will again rise the market. And this also coincides with another Gann Turning Day.

Bye
 

kthakker0

Well-Known Member
18/12/2012 Tuesday

Hi all,

Today been the News Day, its a bit difficult to give proper range as things goes haywire with swirling emotions.

Anything apart from 0.25 - 0.50 CRR cut will rally the market towards its near high 6003 which is difficult to sustain.

Today's BN range is btwn 12540 - 12460 which everway the breakout is, add 160 point to trade.

Market is not falling because Bulls have a solid grip, which will lose considerably when Credit Review is not as per Chiddu.

NF trading below 5860 with volumes will see 5845 - 5820.

Keep a near SL of 5915 for all your short position.

Bye
 

kthakker0

Well-Known Member
18/12/2012 Tuesday

Hi all,

3 Big Cheers for RBI Governor D Subbarao for saving the Grace and the Face of India.

With NF inking 5838 have completed the mini wave and we should see gradual rally going forward.

With 20/12/2012 Thursday as the D-Day for vote counting and also the 1st Gann Turning Day coincides perfectly with the remaining leg of rally.

Open letter to RBI governor D Subbarao
Some of you might have read this article, which, although written 2 months ago is more relevant today than before.
http://www.moneylife.in/article/open-letter-to-rbi-governor-d-subbarao/28050.html
Bye
 
Last edited:

kthakker0

Well-Known Member
18/12/2012 Tuesday

Hi all,

It seems that the last leg of the rally has already started. NF closing above 5938 will signal the same.

Some relay info...
JP Asso
Buy @ 99-100 / SL below 97.5 / Target = 104-106

TataSteel
Buy @ 404-406 / SL < 398 Target 410-414

Bye
 

rangarajan

Well-Known Member
18/12/2012 Tuesday

Hi all,

It seems that the last leg of the rally has already started. NF closing above 5938 will signal the same.

Some relay info...
JP Asso
Buy @ 99-100 / SL below 97.5 / Target = 104-106

TataSteel
Buy @ 404-406 / SL < 398 Target 410-414

Bye
Thakker,
the above r intraday or positional
 

rangarajan

Well-Known Member
18/12/2012 Tuesday

Hi all,

It seems that the last leg of the rally has already started. NF closing above 5938 will signal the same.

Some relay info...
JP Asso
Buy @ 99-100 / SL below 97.5 / Target = 104-106

TataSteel
Buy @ 404-406 / SL < 398 Target 410-414

Bye
Tatasteel Target achieved at 12.30.
Good call.

It is a Buy above 402 as per Quadra strategy of SG which is discussed actively in this Forum.
I missed it.