Trading Tips - koolfriend4u

How the Intra day calls & Short term calls in this section?

  • Rocking

    Votes: 24 35.3%
  • Moderate

    Votes: 14 20.6%
  • very few reach the targets

    Votes: 5 7.4%
  • yet to try

    Votes: 27 39.7%

  • Total voters
    68
  • Poll closed .
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koolfriend4u

Well-Known Member
koolfriend4u,
Bought GLENMARK at 246 yesterday.
expect to go around 270(twice retraced from here).
am i on right track?
pls let me know your views.
glenmark presently am neutral on this stock.

now taking support of gann 75% & taking resistance @ 100% levels.keep a stoploss near 240 levels(closing basis) below 240 can tak it to 216 levels.higher side try to book partial profits @ 260 & if posbl @ 270 levels
 

koolfriend4u

Well-Known Member
Hi Cool Friend;
Why hate Americans for SWINE FLU?:confused: In this case they too are victims ;there fore sufferlike us .
Don't hate any one my friend; as in hate one can only turn bitter.
RGDS.
Like ur comment. but at the meantime the fact is so bitter that it is they who r the source of all the problems in many things.whether its HIV, atom bomb, Crude oil price hike, dollar dependancy...alot i can keep telling. yes basically I hate them to the core.

I love Indians, germans & russians for bringing gud technos to the world.

perception & opinion varies. it is jus my view.anyhow.... i dont want to make this discussion board to deviate from the line.

Happy trading. again one more week away from forum & trading.
 

koolfriend4u

Well-Known Member
for the entire week - am gng to be nocturnal.

when going thru different blogs.

too many H&S pattern discussions i found. One interesting chart i found is indrajeet's blog's nifty hourly chart.I wish to share the gud things i read too. here is the chart.



looks one can go short @ higher level @ 4550-4600 level for gud downside tgt 4220 level.


Mkt wil b volatile enough.
 

koolfriend4u

Well-Known Member
Gold report - koolfriend4u

since some of my friends asked report on gold & silver

an extract from deadpresident here

Consumer price report dampen precious metal prices

Precious metal prices fell on Friday, 14 August, 2009. Prices fell as economic report on that day showed that consumer prices registered sharpest drop on a yearly basis in July, 2009 thereby reducing the appeal of precious metals as a hedge against inflation. Also weighing on gold was the dollar which turned higher against most of its major rivals.

Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and also vice versa.

On Friday, gold for December delivery ended at $948.7, lower by $7.8 (0.8%) an ounce on the New York Mercantile Exchange. For the week, gold ended lower by almost 1.1%. Year to date, gold prices are higher by 6.7%. After four consecutive weekly gains, this was yellow metal's first weekly drop.

Gold ended July, 2009 higher by 2.8%. Before this, for the second quarter, gold ended higher by 0.5%. The metal had gained 4.3% in the first quarter of this year.

On 17 March, 2008 prices had skyrocketed to a high of $1,034/ounce. But prices have dropped somewhat (7.5%) since then.

On Friday, Comex silver futures for September delivery lost 26.5 cents (1.8%) to $14.722 an ounce. For the week, silver ended higher by 0.23%.

Silver ended 2.7% higher for July, 2009. For second quarter, silver rose 4.5%. Year to date, silver has climbed 30.5% this year. For 2008, silver had lost 24%.

In the currency market on Friday, the dollar index which weighs the value of dollar against a basket of six other currencies, rose by 0.5%.

The Labor Department reported on Friday that the consumer price index was down 2.1% on a year-over-year basis in the sharpest annual decline since 1950. However, the core CPI is up 1.5% over the past year.

In 2008, gold prices ended higher by 5.5%. The dollar index had gained 12% that year.
 
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