Intraday Trading

[kthakker0]

08/09/2012 Saturday

Hi all,

The minimum target is 5440 when NF sustains this target I believe that 5469 should be taken out easily. Then steadily I'll go for 5626 target.

Resistance will be at 5500-5510, 5550, 5590 and then it's 5626. During this rally market will be volatile.

The above is what I have perceived, lets see how the market rewards us practically.

Well! Let's, All of Us Hope for the Best.

Bye

14/09/2012 Friday

Hi all,

US market relay effect, effected all the markets around the world and our market rewarded us practically by nearly reaching our target 5626

Today's gap up opening of 80 points at 5530 compelled me to go for 5626 target

The political decision (Diesel + LPG) will greatly decrease the comsumption activity of the general public. Even if the interest rates are decreased under the assumption that Current and Fiscal deficits are lower, what will the general public choose to spend on, Core requirment (Food, Clothing, LPG, Home) or Luxory articles?

Some news that should shape Monday's move

• Yesterday's interview of Coal Minister's on Times Now clearly shows how rowdy the minister(s) have become and now they have the courage to go on record to say "Don't Trust Me"
  
• Who will benefit from the Big ticket FDI announcements? Common Man or Industrial Heavyt Weights?
  
• TMC gives 72 hour notice to gov for roll back.
  
• Political under-current may weaken further and in these conditions, so be prepared for any adverse news on political front.
  
• At the time of this writing SGX Nifty is trading at 5670

Monday's range is 5605-5530 with 5556 as the trend setter.

Any positive new regarding interest rates will have a spill over effect on the market which should propel it further higher up.

Bye

 

[kthakker0]

15/09/2012 Saturday

Hi all,

What happens when a rubber band is stretched beyond it's limit?

• It either snaps or
• One of the either side looses the grip, and the other party wins, but even in this process the winning party has to endure the pain kyo-kee rubber band uskee bhi band bajaa day taa hai.

So what will happen when gov's stretches the rubber in the name of

• Diesel price hike
• LPG cap
• FDI in various sectors.

Other question that arises are?

• Who stands to benefit in the name of above political decisions?
• Why is nothing done on the Black Money Front which can actually erase most of the debt burden of India?
• Why is the common man made to suffer the most in the name of growth? And if you are talking about growth, who's growth are you actually referring too?

Mr Arvind Kerjiwal has asked a simple and logical question

• Congress allocated precious Coal Mines to all its insiders for free and the Exchequer lost 1.86 lakh crore
• Corporates are and were given tax concessions of 13 lakh crore in past 3 years
• Black Money to the tune of 5 lakh crore is lying in foreign banks and Pranab, the then FM did not give any concrete strategy to bring it back.

If the gov can distribute so much then...

• Why can' this gov bear the burden of Rs 37,000/- crore in the name of LPG subsidy?
  [*]What is the main reason for a cap on LPG?

RBI

• There is a confirmed news doing the rounds that on Monday RBI will lower the interest rate and this news is confirmed by a confident Congress leader who does not wished to be identified.

So a stage is all set to

• First take away most from the common man in the last ditch effort and
• Then give a lolly pop in the name of small interest rate concession.

Congress is Praised

• All the big names from practically all sectors praised the FDI decision of the gov and the impetus it will have on the market and economy.
  [*]The common man was left high and dry with Diesel hike and a cap on LPG.
  

The question to Congress is

• "Why is this step motherly treatment given to the Common Man of India"

We have seen many colors of Monday Black, Red may be even Blue, buts lets see which color will be painted on this coming Monday and how it turns out to be.

Lets us all hope for the best for the Common Indian

Jai Hind

 

[megapixel]

Can anyone please tell how future prices are derived ?

Example:

Date/14-sep-2012

infy CASH market price = 2632.1 Rs
infy future price = 2638.55 Rs (Expiry - 27/sep/2012)

Future prices are dependent on underlying price. Is there any formula to derive future price from underlying price ?

Thanks

 

[kthakker0]

16/09/2012 Sunday

Hi all,

With the prevailing mixed sentiments it will be difficult for many traders to take any concrete position in the market.

But nevertheless above 5626 (our target) 5657 should be the strong resistance going forward, it is between 5626 and 5657 that I shall book most of my profit.

Further decisions will depend on the outcome as per RBI statements and what the market perceives it.

Europe is up by almost 1.5% over all, US up by 0.5% n SGX Nifty is @ 5650.

We should nevertheless profit handsomely on Monday.

God forbid, but any negative opening below 5556 and I'll throw all my longs.


Bye

 

[kthakker0]

16/09/2012 Sunday

Hi all,

Above 5626 (our target) 5657 should be the strong resistance going forward, it is between 5626 and 5657 that I shall book most of my profit.

We should nevertheless profit handsomely on Monday.

Bye

17/09/2012 Monday

Hi all,

Our above wish has indeed come true and we are rewarded handsomely for our efforts and courage to take position as per the trend.

I over looked the situation of credit policy scenario which was shaping when banks started cutting their interest rate one by one. I think SBI started the trend when it cut the interest rate by 0.25 basis points on its portfolio of Cars and then others followed. I should have known that they had the confirmed infomation, that during the credit policy review rates will be cut by 0.25 basis point, other wise why will they cut their own profit.

Today's again a gap up open of 85 points at 5670 was the ideal time to book all my profits as NF was trading way above the target of 5626 - 5657.

In fact I even went ahead and was short on NF at 5665 and guess what I was again rewarded handsomely.

It seems that Congress has used all the fire power to free itself from the tight corner it was in for such a long time. Now the heat generated from the same fire power will either burn Congress or propel it to greater heights. Let see what happens

Tomorrow's range is 5665 -5587 trend setter is 5626

Bye.

 

[kthakker0]

18/09/2012 Tuesday

Hi all,

It will be very difficult for NF to trade above 5655. Twice closing of NF below 5626 should confirm the fall and I'll believe the correction has started.

If this is the correction of the rally then the targets are 5605, 5568, 5536 and below 5536 it should trade at 5505.

Use the above levels to initiate shorts in NF and keep 5655 as the SL for all your shorts.


Bye

 

[mangup]

18/09/2012 Tuesday

Hi all,

It will be very difficult for NF to trade above 5655. Twice closing of NF below 5626 should confirm the fall and I'll believe the correction has started.

If this is the correction of the rally then the targets are 5605, 5568, 5536 and below 5536 it should trade at 5505.

Use the above levels to initiate shorts in NF and keep 5655 as the SL for all your shorts.


Bye

By twice closing below 5626 means on EOD basis?
Why twice close ? Any logic? Will u pl explain?

 

[kthakker0]

By twice closing below 5626 means on EOD basis?
Why twice close ? Any logic? Will u pl explain?

Hi,

Twice Close
Means closing below 5626 for two days on EOD basis
Because twice closing below a level will confirm that the reversal trend has started and in our case a fall has started.

Logic
Market trading above or below different levels display's the current prevailing trend.

The levels have different meaning ie

• Trigger levels: Are for Entry when trend is changing. They are also used for intraday trading, albeit used by those who's costing is very low.
• Target levels: Are for Exit or profit booking and can be used as Trigger for reverse entry if trend is changing.
• Stop Loss (SL) Level: Need not be explained

Bye

 

[timepass]

Yeah, close at 5612, nifty spot adjusted close at 5600. So, the premium is also ok vis-a-vis the spot. Now the global cues/ Mamataben will decide how it goes tomorrow

Hi,

Twice Close
Means closing below 5626 for two days on EOD basis
Because twice closing below a level will confirm that the reversal trend has started and in our case a fall has started.

Logic
Market trading above or below different levels display's the current prevailing trend.

The levels have different meaning ie

• Trigger levels: Are for Entry when trend is changing. They are also used for intraday trading, albeit used by those who's costing is very low.
• Target levels: Are for Exit or profit booking and can be used as Trigger for reverse entry if trend is changing.
• Stop Loss (SL) Level: Need not be explained

Bye

 

[prabhsingh]

Tomorrow is Ganesh Chaturthi and markets are closed.So the downfall can start from Thu.