Intraday Trading

[sabhlok_r]

10/01/2013 Thursday

Sell Rel Capital at 492-494 SL above 496 Target = 487-482

good work Thakker....490.50 day low till now in fut...:thumb:

 

[prabhsingh]

How should we take IIP number because this month end itself Credit Policy is there.So if IIP number are not that good,more chances prevail of CRR and rate cuts which can take markets higher.On Contrary to that if IIP numbers comes to a satisfactory level possibility of rate cuts, to a certain degree,gets low.So does that mean IIP numbers should be taken in reverse way?

 

[timepass]

good work Thakker....490.50 day low till now in fut...:thumb:

Yeah, but it hit the SL first.

Thakkerbhai, what to do about such situations, when a scrip spikes (up or down) to hit the stoploss and then reverses in the predicted direction ? Re-enter ?

 

[kthakker0]

How should we take IIP number because this month end itself Credit Policy is there.So if IIP number are not that good,more chances prevail of CRR and rate cuts which can take markets higher.On Contrary to that if IIP numbers comes to a satisfactory level possibility of rate cuts, to a certain degree,gets low.So does that mean IIP numbers should be taken in reverse way?

IIP nos give the Black / White Picture of Indian Economy (even this IIP Data is distorted by some vested elements)

Instead of wholly concentrating on the nos which are surely going to get revised later on, hear the comments which are warped in doublespeak, Did anyone hear properly what A.M. Naik of L&T said? He gave the True Fundamental Picture of Indian Economy and why IIP nos will fall further in future in most categories.

Almost all the Economist / Market Men will say "They are satisfied with the current IIP nos and they'll say The nos are as per "Expected Lines" but how many of those smart alex have the courage to Declare the Expected IIP nos with Confidence, before they are published? If they do speak it will be in the name of Polls. Sab Po Lum Pol hai bhai.

Almost none of them will say that Govt has to do more to revive the economy.

Stock market always displays True Picture of everything. The only catch over here is one has to truly understand the language of this market. H / L, Volatility, Momentum etc are like different waves of the ocean which comes and ebbs but surfers (Traders) rides those waves on which they are most comfortable and confident.

For me, I ride small but sureshot waves which comes constantly and provides me, not only safety, but surety as well. I almost, always enjoy most of these waves, because they are always there and they land me safely, even if I misjudge some of them, the problems I encounter are minimum or can be ignored and I am ready for the next wave to help me out.

I don't wait for Big Wave(s) but I do enjoy it (if it ever comes) just like my smaller waves, but this time it's with some extra protection and precaution as the dynamics at work are more then what I can handle. I, at time prefer to watch it from the shores.

Bye

 

[kthakker0]

Yeah, but it hit the SL first.

Thakkerbhai, what to do about such situations, when a scrip spikes (up or down) to hit the stoploss and then reverses in the predicted direction ? Re-enter ?

It's always up to the trader to take the most desired decision in his / her favor but this decision is more confirmed once you know the trend. Because everyone knows that "The Trend is Always Our Friend" When I know that the trend is down I trade by shorting when price is at or near my desired shorting level.

03/01/2013 Thursday

Hi all,

As said and known, that when you are in profit you should have the knack to understand when you want to bank it, and herein plays the Greed / Fear Factor.

In this kind of situation I foresee two type of strategy

1. Trade in volumes. Get in and out of trade with small profit. This is the strategy of Big Traders, they are constantly in profit as they balance their Greed / Fear Factors. Neither of them overpower each other.
   
2. Low Volume Trade (Most of the Retail Guys) and they stray as per the trend until the target is met. But this strategy comes with a rider, What if the trade reverses before the target? What's your strategy if trade reverses? In this situation, comes the understanding of how to deploy your Greed / Fear Factor. Most of the time Greed / Fear of Retail guys overpower each other and they end up in "Loss" or "Negligible Profit"

That's why its said anyone can "Enter a Trade" but only few "Exit with Profit"

As long as the Retail Guy has the Money Muscle to remain in market he / she has to deploy the balanced understanding of Greed / Fear in all trades.

Bye

Only knowing the trend is not enough I also try to know how the current trend will play out. This current downfall was forecasted to be Pain in the _ _ _, boring and traders should have nerves of steel to ride it out.

04/01/2013 Friday

Hi all,

Till the time 6058 is not taken out, 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.

For sellers there are two SL. Near is 6035 Further is 6060

Bye

So always bank the profit as and when it comes no matter how small.

Bye

 

[kthakker0]

14/01/2013 Monday

11/01/2013 Friday

Hi all,

OP of 8/1/2013 should be used to trade for the lower levels of 5977-5950

For me this fall will be over once NF trades below 5977 and anywhere till 5950 If it trades below 5950 then be with the fall.

Bye

Hi all,

This week is for results declarations of many companies and this will further strengthen the rally for higher levels.

Today's range is 6055-5977 keep 5969 as the SL

Either of the two

• We could see NF testing lower levels before any meaningful rally takes place but should not breach 5969. If the fall ever happens then NF should reverse from between 5977-5982
  
• Perhaps the fall may not materialize and we may see price running for higher levels.

NF closing above 6050 - 6060 go for 6095


Bye

 

[kthakker0]

15/01/2013 Tuesday

Hi all,

There is a saying in gujarati "Our own children will lick the left overs to fill their stomach while the Guests (FII) will get / eat the best of the best"

GAAR is the best fitting example of the above.

And a confirmation that "No Matter What Come May Don't Expect Congress To Make Life Easy For Indians"

If Congress wants to reduce price of any items that can make life somewhat easy for Indians, all the unheard committee will be set up and the verdict / decision after much deliberation will be "Price cannot be reduced." Why because

• it will increase subsidy
• it will increase inflation
• it will comple RBI to reduce interest rate
• And above all we not here to make the life easy for Indians

Congress is worthless crap from Indian history, and does not deserve the pride to be part of Indian history. Every Country has a Black Patch India has "Congress"

Todays range is 6055-5977 Keep SL btwn 6035-6006

Bye

 

[moody_man]

Looks like option B is playing out...nifty doesn't want to even consolidate thanks to congress and chidu

14/01/2013 Monday



Hi all,

This week is for results declarations of many companies and this will further strengthen the rally for higher levels.

Today's range is 6055-5977 keep 5969 as the SL

Either of the two

• We could see NF testing lower levels before any meaningful rally takes place but should not breach 5969. If the fall ever happens then NF should reverse from between 5977-5982
  
• Perhaps the fall may not materialize and we may see price running for higher levels.

NF closing above 6050 - 6060 go for 6095


Bye

 

[kthakker0]

15/01/2013 Tuesday

Hi all,

Positional call

Buy Reliance Ind at 838-841 SL < 836 on closing basis Target = 858-866

 

[kthakker0]

15/01/2013 Tuesday

Hi all,

Pakistan has given "The Best Fitting Relay to Congress" and that too when 26 Jan is nearing.

Congress needs jolts like these from Outside and especially from Inside so that they also feel and know what is pain like", which the common Indians are suffering from each n every day of their life.

Salman Khurshid was ready to shed blood if and when Arvind Kejriwal came to his constituency. With Pak army butchering Indians jawans he became a timid squab who did not know what to say.

"Salman Khurshid where have to hid your Blood Shedding Attitude Now?"

Reason to believe that "Our FM is a very hearty person", but only toward those who has money
With GAAR out of the picture and FM not ready to tax the so called "Super Rich" which is very obvious, as they will be / are the Gangas and the Yamuna's (Money Source) for the forthcoming coming General Election.

The coming budget is going to be a non performing event as far as Congress is concerned. As Congress is not interested in doing anything worthwhile for the masses.

But the question is "What the Hell they have done for the masses while they lasted"?

Actually Congress did not want RBI to lower the interest rate until the last moment when GAAR and Non Taxing Super Rich is declared.

Now Congress will give us some scraps to be content / happy with. The interest rate could be lowered in the region of 0.25%.

And when interest rates are lowered see what noise will Congress make to hide "The Most Contentious Issues under the carpet"

The Best Reply to Congress shall and should be "Jagoo India Jagoo"

Bye