Intraday Trading

kthakker0

Well-Known Member
06/01/2013 Sunday

As promised, I am revealing the summary of Congress, which I have gathered from the internet. Some, who are pro Congress may not like it, but for many who want's to know the reason as to Why Congress is so insensitive towards General Public may like it.

Story of Congress from its foundation till today

1857 saw the 1st War of Indian Independence. This shook British from head to toe. But unlike its different colonies all over the world India was different and British could not use his hard techniques in India. So a different radical approach was thought of. And this approach gave India it's Congress

Who formed Congress?
Certainly not Indians, but a British Civil Servant Allan Octavian Hume suggested to form Congress in 1883

The Reason for its foundation:
  • Governance of India was transferred from East India Company to British Empire and this transfer was to be justified.
  • British required a platform so that a Dialogue could be established between the Indians and the British Raj.
  • The way found was. Let the Educated locals form the Bridge between the British and the Uneducated locals. As these English Educated Local Indians would be familiar with the British culture and policy thinking.
  • And these Educated Indians formed the Congress.
Why was a Platform needed: The British wanted to keep a tight lid on India's growing voices for freedom and the best way to keep their mouth shut was thru their own kind. And so Congress was founded. The members were all English literate Indians who were pro British and hardly cared about the Common Man.

How did Congress manage to survive the British Raj / Period
"The Congress Platform" was more biased towards the British society which was the main reason for Congress survival through the undisputed 150 odd years of British era. Congress not only survived but grew in strength through the patronage of British authorities.

Indian National Congress (INC) even though formed for Indians it never attempted to address any of the public grievances even at that time, instead it worked for the British.

Seeing this autocracy Lokmanya Tilak embraced Swaraj

With increase voices for Freedom from The British, INC quickly changed sides and addressed Lucknow session with Lokmanya Tilak adoring the stage together. Infact the same style is still been used by Congress. (Cunning Fox)

The Dawning of a Mahatma
Infact it was Mahatma Gandhi's destiny to lead Congress and keep the fight for Freedom Alive. And it was thru the inspiration of Mahatma Gandhi that scores of Indian joined INC which gradually grew in size.

Mahatma Gandhi inspired many other great leaders like Sardar Patel, Jawaharlal Nehru, Rajendra Prasad, Abdul Kalam Azad and the likes...

Congress before Mahatma was present all over India and its Working was based on the following...
  • Membership in Congress was sold at a very high price.
  • Congressmen were distinguished on basis of caste, ethnicity, religion and sex.
  • Leadership posts and offices at all levels were filled by appointments
  • Eligibility for leadership was determined by how much wealth or social standing the person had.
  • The above Religious Commandments are still followed and preached by INC
It was Mahatma Gandhi who transformed the Congress from an elitist party based in the cities, to an organization of the people.

Mahatma Gandhi changed all the above vice and turned Congress into a true Indian political party.
  • Membership fees were reduced considerably.
  • All former practices distinguishing Congressmen were elimnated.
  • Leadership posts and offices at all levels would be filled by elections and not appointements.
  • Eligibility for leadership would be determined by how much social work and service a member had done, not by his wealth or social standing.
Things that Mahatma Gandhi gave us and is still remembered for...
  • Satyagraha
  • Non Violence
  • Quit India
  • Do or Die
Congress won its 1st election victory in 1937 in provincial and from there it started its journey of high headedness, as slowly and steadily the working of Congress slipped from all the leaders into the hands of Jawaharlal Nehru, who became the 1st PM of India.

And today Jawaharlal Nehru's family owns INC and India. Infact Jaswant Singh claimed in his book that Nehru was responsible for India's partition in 1947

It was Jawaharlal Nehru who wanted Central Policy (which is followed by Congress till now) and Mahatma Gandhi wanted Federal Policy (Power divided between Center and Local Government to share best policies)

Summary: So now we all know that Congress was born not serve Indians but British and after Independence Congress is serving himself and will never serve or work for the masses. Its futile to even think that Congress will change the fate of Indians.

It is simply not in the blood of Congress Culture to think Good for Indians

Even after Independence with so many years passed of its the same story Congress did not cared then and still does not care now and will never care for the Common Indians because "It's not in their blood to care".

This is the history of Congress which is on the net and is not made up. Incase someone differs use the power of net to know otherwise.
 

kthakker0

Well-Known Member
03/01/2013 Thursday

Hi all,

Today was suppose to be the last day for the rally and from tomorrow we should see some profit taking or NF consolidating towards lower levels.

For the above to happen today's high should not be breached tomorrow. And when NF consistently trades below 6035 then definitely go short with 6035 as SL

Range 6055-6016 TS = 6035

Bye
Hi,

Till now the High made on 03/01/2013 is hardly breached and profit booking along with piling of shorts have started, NF which was trading at a premium of 50 is now trading with 30.

Market will trade as mentioned below.

04/01/2013 Friday

Hi all,

The down fall has started. But this downfall will be very boring and it will take nerves of steel to withstand it. It will be choppy and zig-zag.

Bye
H-L of 08/01/2013 will be used to mark it as ref for SL.

Bye
 

rangarajan

Well-Known Member
Hi,

Till now the High made on 03/01/2013 is hardly breached and profit booking along with piling of shorts have started, NF which was trading at a premium of 50 is now trading with 30.

Market will trade as mentioned below.



H-L of 08/01/2013 will be used to mark it as ref for SL.

Bye
8/1:confused:
 

sabhlok_r

Well-Known Member
02/01/2013 Wednesday

Hi all,

Buy Sail above 93 for 98-100 SL 90

Buy BF Utilities between 346-350 Target between 365-375 Support between 338-334

The above stocks are like shooting stars, so bank the profits as quickly as u can

Hourly Low
NF low and open is 6007.50, if and when its broken its the signal that consolidation has started as stated.

Bye
cracker of a call Thakkar....sail zoomed up to 102.45 today...keep up the good work
 

kthakker0

Well-Known Member
Thakker, What about ITC call... When to exit...In mior loss, i have bought in options

03/01/2013 Friday

Positional Buy 2 - 9 days

ITC Futures 281-283 and SL 278 Targets 294-299 and 311

Bye
ITC is a positional trade. If u r in loss take the call according to ur money mgmt rules.

Rest all the given calls have traded in profit. Take Exit Calls according to ur risk preference.

Bye
 

kthakker0

Well-Known Member
07/01/2013 Monday

Our 6060 SL was not hit today as it retraced from 6059 and this was the very good opportunity to go short or remain short.

This is what I mean by boring...
3 baje tak sab ki phati padi thi aur 3.30 baje tak sab ki phad di.

But what the heck. We are here to profit and we do so no matter what the odds

Bye