Intraday Trading

[kthakker0]

12/09/2013 Thursday

Hi,

Market was indeed propped up till 2.00 pm at above mentioned 5880 level, thereafter they let the market go down.

Keeping the sell trade open at 5880 was a Risk which I had taken after careful understanding of the market mood, which paid off after 2 pm.

Tomorrow been Friday

• Market could see some consolidations due to some good IIP data.
  
• Bulls and Bears would want to corner each other in the "Weekend Trap Strategy"

But for me its still a Sell call and the most proponent level is 5880

Bye

13/09/2013 Friday

Hi,

Instead of consolidating market is volatile, here seller and buyers both alike are getting whipped.

5880 was suppose to be a tough Resistance but market working till now signals something else.

But keep 5920-5938 as your SL zone in case market consolidates heavily above 5880 till the end of session.

And as said this could be a "Weekend Trap" so don't get caught on the wrong side.

Bye

 

[kthakker0]

14/09/2013 Saturday

Hi,

The PMEAC had projected 6.4% growth for Indian economy for current financial year.

Other Economist have lowered their estimates for the current fiscal are...

1. Prime Minister's key economic adviser C Rangarajan (himself) lowers the growth forecast to 5.3% from 6.4%
2. RBI lowered its growth projection to 5.5%
3. Chief Economist at Crisil say's growth at 4.8%
4. Chief Economist at Axis Bank says, growth is between 4.5 and 5%
5. Center for Policy Research is 4.3%

The reason for lower estimates is "No signs of recovery in the second half as investment is down and there are no signs of it coming up, services sector is also down

Depreciation rupee will put some pressure on inflation by March 2014 end.

1. Rangarajan said WPI inflation will be around 5.5% as against the average of 7.4% in 2012-13".
2. Crisil forecast's inflation at 6.2% as input costs will rise on rupee depreciation
3. Center for Policy Research see's inflation at 6.5%

The rupee has lost over 20 per cent since April and had touched a life time low of 68.85 to a dollar on August 28 this year.

The above will definitely add a negative punch to the resilient stock market.

The other thing that we confirm, is that as long as Congress is in Power "No one can trust them "

 

[kthakker0]

11/09/2013 Wednesday

Hi,

Follow the given SL as the minimum far off target is 6069

Bye

13/09/2013 Friday

Hi,

And as said this could be a "Weekend Trap" so don't get caught on the wrong side.

Bye

16/09/2013 Monday

Hi,

It's Monday Blues for those who are definitely caught on the wrong side.

NF opens 1 point below 5977 (my SL) and steers 6029 and is definitely going for 6069

With two days for FOMC and the day after for RBI, this week should be volatile.

Weekend reminder once again "Don't get caught on the wrong side"

5938 should prove to be a tough support for now.

Keep it as a SL for long and target 6069
Keep it as a SL for short and target 5700 or even lower.


Bye

 

[kthakker0]

16/09/2013 Monday

Hi,

As said previously

"Levels have always helped me"

Sold at 5977 Covered at 5938

Bye

 

[kthakker0]

16/09/2013 Monday

Hi,

Perhaps its time to go intraday long with 5918 as SL

Bye

 

[TraderRavi]

16/09/2013 Monday

Hi,

As said previously

"Levels have always helped me"

Sold at 5977 Covered at 5938

Bye

good levels kthakker :thumb:

 

[kthakker0]

16/09/2013 Monday

Hi,

Perhaps its time to go intraday long with 5918 as SL

Bye

16/09/2013 Monday

It was not the time to go long.

But covering and shorting at 5918 helped to cover my small notional loss.

Bye

 

[kthakker0]

16/09/2013 Monday

Hi,

Mar dala ray, Mar dala.

Inflation kee dhulayee nay kapdo kay sath sath market ko bhi phad dala.

Morning kay itna acha runup nay sabhi ko (Buyer n Seller) ko clean bold kar deeyea

Meray sabhi support levels ko (Major n Minor) tod deeyea.

Bye

 

[kthakker0]

17/09/2013 Tuesday

Hi,

After RBI meet on Thursday everything freaky ideas would have been ironed out.

But till then market will run as per guessing freaky ideas.

NF
Keep a max SL of 5781 for all your long position.

Stay short at either of these higher levels 5860, 5888, 5920

15 minutes trading > 5938 signals that bulls are back in drivers seat

Bye

 

[kthakker0]

19/09/2013 Thursday

Hi,

Just read that Big Ben has called off his tapering.

Good for Indian Market or not will be know in Good Times, but today is definitely going to be Very Bad for Sellers.

Bye