Swing Trading for Nifty Futures

[kthakker0]

22/05/2012 Tuesday

Hi all,

On the eve of UPA completing 3 years, ManMohan bhai gave speech in English and Sonaibhabi gave the speech in Hindi, what a contrast, I though contrast was only found in TV and Monitor set's but we do see it's shades in real world as well.

UPA lost it's moment, by glorifying and bathing itself in past glory, had they given due consideration to present problems, public at large would have been sympathetic towards them. But it shows that UPA only cares about itself and not the voters who gave them power to govern India, instead they became rulers.

Market never forgives anyone be it trader or government, every one who does not respect market gets thrashed, falling Rupee increased Pranab's headache.

This market condition may like a headache to Congress but it's like a tropical climate (Extreme of Bears and Bulls) to us, as we know what will happen before hand and so we continue on the path where markets goes, after all our main aim is to "Earn as much as we can from which every trend we can"

Tomorrow's range is wide 4961-4805 with 4883 as the trend setter. NF below 4825 will see 4805, here market could get some support and may rally as world market are also up, tomorrow could be volatile and with out proper SL every one would be slashed.

Bye

 

[kthakker0]

23/05/2012 Wednesday

Hi all,

Is LIC too Big to Fail?

That's the question in Eco Times. There will be no smoke without the Fire and if we can smell the smoke, sooner or later we will see the fire.

Gov is using the cash of LIC as they deem fit, but this cash is of the Indian public at large who pays their regular insurance premium and it is this Premium that LIC invests in the market. Although LIC is a gov entity, Gov has no right to touch or dictate terms to LIC (LIC officials are blindly following Gov instructions) to invest in Companies where Gov thinks fit.

Government should be a facilitator of good business environment for the growth of our country which should benefit the public at large. Gov should not put its foot in running any business activity other then facilitator or putting laws which will help the Indian business grow and compete with other nations.

But if LIC is down graded then what is seen may just a fraction of the tip of the ice berg but even that fraction is enough to rattle our already fragile market.

Bye

 

[kthakker0]

26/05/2012 Saturday

Hi all,

Since the range was small it was not prudent to write the same levels again n again. Nevertheless 4922 has become the tough level for NF to over come.

The reasons are obvious and know

• S&P was 1st to cut India's rating
• Instead of bringing the growth prospect on track, UPA went to S&P with a begging bowl to consider India's rating. (Its has become a habbit of UPA to beg before other nations and thrash Indian public in one form or the other)
• A couple of brokerage house has decreased India's GDP growth and instead has increased inflation forecast.
• China is defiant to stand by its currency and uses its currency to its country advantage and UPA only stands by corrupt people for its own advantage.
• They have the courage to increase petrol price by the highest margin but does not have the courage to decrease prices of essential commodities by any average standard.
• UPA strongly believes that it will loss miserably in the coming General Election and so it is making sure in every conceivable way that the road of recovery is the toughest for the winning party.
• As said UPA believes in one mantra "If I cannot have it I'll make sure no one will have it or it will be very difficult for the winning party to have it"
• But UPA does not know that we India's are very resilient in nature.

But our mantra is obvious to you all "Earn and just Earn"

Monday's range is 4922-4883 and with every possible rise we get the perfect opportunity to sell and make money 100% of the time.

These bull traps have become too obvious to know and predict them, only ignorant traders will always fall in them and loose their money.

Bye

 

[kthakker0]

27/05/2012 Sunday

Here are some URL which gives us an insight as to where is India headed in spite of common "Not to worry" statements by so called FM's


http://economictimes.indiatimes.com/articleshow/13530016.cms?prtpage=1


http://economictimes.indiatimes.com...nomic-policy/articleshow/13530522.cms?curpg=2

This article, for the first time reveals why our PM is so inconcerned about what is happening in India and Congress in particular and why is he so cold towards all the anti development against Congress. Perhaps he is also in favour of Congress (the old ship) should be dismanteled as it is not worth of driving India to it's diginifed glory to which it belongs.


http://timesofindia.indiatimes.com/...Team-Anna-attacks-PM/articleshow/13538891.cms

Bye

 

[kthakker0]

28/05/2012 Monday

Hi all,

In my 21/05/2012 thread the important levels are already given and I am mentioning them again with intraday levels which can be used to trade accordingly.

4922 4942 4961 4981 5000

4922
If NF CP is above 4922 then bulls will be favored with some caution. But 5000 is the still the strong resistance to square up all the long position.

If for some unknown bullish reason NF does close above 5000 then the next target will be 5156

Bye

 

[kthakker0]

28/05/2012 Monday

Hi all,

NF not only opened gap up above 4922 and stayed above it for the whole day but has even closed above 4922 now 4922 has become the support for time been.

Tomorrow's range is 5000-4922 with 4961 as the intraday trend setter.

Euro crisis is getting worse day-day as per the reports in international news channels. Greek exit from Euro is eminent and the same will be confirmed after their June 17th election if leftist Syriza party comes to power. This news could either have been discounted or could have deep repercussion on the market, as bond market will be on fire and high rates in bond market will make it difficult for many countries to borrow as reasonable cost.

Never the less we don't have to worry as our path is safe as we take minimum risk and as of now 5000 is my immediate target to initiate a short position if market rises and 4922 is my support if market falls.

Bye

 

[kthakker0]

29/05/2012 Tuesday

Hi all,

Short initiated at 5002 was squared off at 4970 level.
As long as NF is trading above 4966, its an intraday buy signal

Non stop falling from 5300 to 4767 will see some covering in NF and if due to this covering NF manages to close above 5000 then 5040, 5078 and 5117 are the targets which needs to be over come to reach 5156.

NF trading below 4966 is the first indication of bears getting an upper hand.
NF trading below 4922 will indicate bearish sentiments.


Bye

 

[kthakker0]

29/05/2012 Tuesday

Hi all,

Tomorrow's range is narrow and could be more volatile 5020-4981 with trend on the lower side and 5000 as the trend setter.

Bye

 

[kthakker0]

30/05/2012 Thursday

Hi all,

Gap down opening is not good for traders who were long yesterday and who did not squared it off yesterday.

Read 28/05/2012 thread for levels below 5000 and we are aware of the levels if NF trades above 5000

4922 is my trend setter and stop loss for all long position


Bye

 

[kthakker0]

30/05/2012 Thursday

Hi all,

Bad news are flashing which is not good for the market

India may be de-rated on weak corporate governance and

DMK threatened to pull out of the alliance on the issue of the "atrocious" petrol price hike, saying it had never hesitated to do so earlier.

Congress kyu market kee ga@# marnay per tuli huee hai?

Oil companies are making huge profits and Congress circulates all lies about subsidies. GAAR scared away all the FII's. And to fill its short coming Congress changed the law with retrospective effect to tax Vodaphone.

And now since Pranab has nothing to do he is running for the post of President so when Congress losses the General Election it has it's own man who can still puncture the growth of India in one way or the other.

What a shameless bunch of creature we have voted to power and govern India. Instead of making India strong Congress is using divide and rule policy by creating quotas and sub-quota for it's own benefit.



Bye