Intraday Trading

[kthakker0]

29/05/2013 Wednesday

I am still gunning for 6133+ with intraday SL of 6055

For me this rally will be over once NF trades at 6133 and thereafter 6175 is the high it can trade.

Bye

30/05/2013 Thursday

Hi,

Today been the last day of series my SL was very tight 6080 as I was skeptical about 6133 but belief in levels urged me to hold my trade.

Today was a very exciting day specially because after quite some time I felt the Greed and Fear emotions running thru me.

One thing that have again been inscribed in me is "Levels are reached sooner or later I just have to keep a proper SL to limit my intraday losses"

With 6131 the rally for me is nearly over.

Now I wait for a signal to get new direction.

Bye

 

[kthakker0]

31/05/2013 Friday

Hi,

Chances are that today NF could trade at or > 6123 and if this happens then its a perfect area to go short.

6090-94 is a strong support.

Consistent trading below 6070 will signal weakness.

6055 is a strong support as of now.

Bye

 

[kthakker0]

24/05/2013 Friday

The forecasted party was indeed over for the Bulls

And the Bears had started their own.

I quickly changed sides and enjoyed the fall till now.

The Bear Party may be over but it still has some juice left to reach 5850 which is sure when NF closes < 5938

The only thing you have to know is when to switch sides and keep on partying.

Bye

03/06/2013 Monday

Hi,

The new bear party started on Friday 31/05/2013 when NF opened gap down and it also easily breached 6055 to trade below 6000

Hereafter I just had to wait for my above forecast to happen which I am enjoying Now in Real Time.

Booked some profits at 5936. Perhaps NF may rally from this level (Not sure)

And now the target I am waiting for is 5860.

Bye

 

[kthakker0]

04/06/2013 Tuesday

Hi,

5996-6016 should be the selling opportunity for 5938 and even lower levels.

NF has the potential to trade at 6055 if sentiments changes.

6016 is important level for both types of trades.

Bye

 

[kthakker0]

04/06/2013 Tuesday

Congress cannot see anything functioning properly.

Many of you might have read this, I came across it just now.

http://www.thehindubusinessline.com...pore/a-plot-to-destroy-rbi/article4677162.ece
The Last Line of this Article Tells the Whole Summary

RBI is no exception to them.

Congress does not want India to progress and have only one agenda: DESTROY INDIA SYSTEMATICALLY And PERMANENTLY

• Destroy India's Financial Fabric: High Inflation, CAD, Taxes Negative BOP,
• Destroy India's Manufacturing Potential: Singur issue, Maruti Issue, No proper incentives to develop new industries. More then 1,00,000 crore of Telecom sector, ruined by 200 crore bribe.
• Mining Sector Destroyed systematically thru corruption. Coal, Metals, Oil and Gas (No takers of NELP except Reliance)
• Destroy Infra Projects: Power Sector in limbo due to Coal shortage, No Gas (Because Reliance is sitting on it)
• NHAI: Has no CEO / Chairman for last 2 years or more.

The above list goes on and on and on...

 

[kthakker0]

04/06/2013 Tuesday

Rate Cut according to the present prevailing situation is Just Not Possible.

Any one who says so is either a Fool or you are The Fool to Hear him.

If RBI does lower the Rates then it will have suicide effect within a years time line.

We will pay a Very Heavy Price in Terms of...

• Eroding Rupee Value: In turn increasing the cost of everything.
• Lower Savings.
• Lower Manufacturing.
• Lower Growth.
• Lower Income.

In fact Lower Prices in Stock Market.

Bye

 

[kthakker0]

04/06/2013 Tuesday

Hi,

5996-6016 should be the selling opportunity for 5938 and even lower levels.

NF has the potential to trade at 6055 if sentiments changes.

6016 is important level for both types of trades.

Bye

Hi,

I believe in the saying "One Good Turn Deserve's Another"

It depends on the person as to what type of habit's it develops. I have developed the habit of earning in stock market which I share in here so that you also share this Good Turn to others.

Making other traders smile may be difficult, but not impossible.

Bye

 

[anup]

When is next RBI meet??

 

[kthakker0]

When is next RBI meet??

17/6/2013 Monday

 

[kthakker0]

05/06/2013 Wednesday

Hi,

No Power in our area from about 2.00 am till 5.00 pm

So nothing to do, could not even sit idle, as I have no experience on what to do when sitting idle.

Without Power I was Powerless and Time would pass in ultra slow motion due to which Dimag kee toa buch lag-yee.

But Friends; Weather we like it or not "This is life" who's each n every turn is full of unexpected surprises.

Any way...
Just saw the data NF is approaching 5860 target with 5938 still the main resistance.

At the time of this writing Dow is - 165

With LTP at 5944 and CP at 5938 it shows that bulls are trying to get out of the woods. I'll say "Good Luck" because that Luck will come back to me as I know the levels from where mkt can reverse or take support.

> 5938 it's 5957 - 5977 - 6000
Tomorrow's range is 5900-5938
< 5938 it's 5922- 5900 - 5880 - 5860

Trade as per your market outlook at the indicated levels.

Bye