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
Trade cautiously- koolfriend4u

The government has set reform of the insurance sector as a priority for the winter parliament session that begins today, 19 November 2009. The bill, which was stalled in the last parliament, proposes raising the foreign investment limit in insurance companies from 26 % to 49 %.The government also wants to open up the pension sector to private and foreign firms and give equal voting rights to foreigners in private-sector banks, which are currently limited to 10 % irrespective of their actual holding. Prime Minister Manmohan Singh said recently India is ready to increase the pace of reform, and the government has flagged stake sales in state firms and tax changes to help to plug a large budget deficit.

The government kicked off the discussion process towards consolidation in the banking sector at a meeting with senior bankers on Wednesday. The finance ministry has been urging banks since the last few years to start the process of mergers and acquisition on a voluntary basis, but none of the state-run banks have shown any initiative on this.

Meanwhile, the government is taking its first significant step to ward off a surge in foreign capital inflows that may threaten the stability of the financial system by drawing up new rules that will make overseas loans costlier for companies. The government is finalising plans to auction corporate entitlements to borrow abroad, a pre-emptive move relaying the message that the country is determined not to allow unruly capital inflows to disrupt the incipient economic recovery.

Finance Minister Pranab Mukherjee said on Wednesday the country is monitoring foreign capital inflows and the current higher inflows are not a matter of concern. Indian stocks have risen sharply this year on robust inflow from foreign funds. Indian officials had said on recent occasions that they welcomed fund inflows, but Mukherjee on Wednesday also noted that India is ready to deal with the flows if they become a problem. We have a system of monitoring inflows, he said.

Already I have sent mail to all my friends -to trade cautiously & exit all longs here partially.if there any breakout above 5100 rest of the stocks.
Things may change overnit!

Regards
JK
 
Re: Trade cautiously- koolfriend4u

Finance Minister Pranab Mukherjee said on Wednesday the country is monitoring foreign capital inflows and the current higher inflows are not a matter of concern. Indian stocks have risen sharply this year on robust inflow from foreign funds. Indian officials had said on recent occasions that they welcomed fund inflows, but Mukherjee on Wednesday also noted that India is ready to deal with the flows if they become a problem. We have a system of monitoring inflows, he said.

Already I have sent mail to all my friends -to trade cautiously & exit all longs here partially.if there any breakout above 5100 rest of the stocks.
Things may change overnit!

Regards
JK
http://economictimes.indiatimes.com...on-FIIs-says-Assocham/articleshow/5240320.cms - is this one way of controlling $ inflow.

Suriya
 

koolfriend4u

Well-Known Member
Nifty view - koolfriend4u

Tommorow we will open down(4950 expected) & can see a bounce till 4980,5017 & again we will fall. If 5017 negated - Get ready for bear market in near term itself.

As per EWT we wave C started. Tgt 3200-3000 time:6-8 months

Save your hard earned money!
 

koolfriend4u

Well-Known Member
How would u trade with these %K%D,rsi & what is para SAR?
Already mentioned am not an intra player.

But if opportunity / my buy condition appears in the chart - then i will do trade. I trade only for 20 points upmove with near - call option. which will generate 500bucks for sure.

watch this link

http://in.finance.yahoo.com/q/ta?s=^NSEI&t=1d&l=on&z=l&q=c&p=e34,p,m100,m5,b&a=m26-12-9,r14,fs&c=

today's 11.20 & 3pm startegy are my ideal intra trade entries

%K%D & rsi @ bottom with para - long signal generated is my buy entry for 20 points gain - LONG.

am succesful in this strategy forever.
 

stockBond

Well-Known Member
Re: Nifty view - koolfriend4u

Tommorow we will open down(4950 expected) & can see a bounce till 4980,5017 & again we will fall. If 5017 negated - Get ready for bear market in near term itself.

As per EWT we wave C started. Tgt 3200-3000 time:6-8 months

Save your hard earned money!
r u sure ? Will the correction be so deep ?
I m also expecting a correction but not sure will it go upto 3900. Plz throw some light on your analysis.
 

koolfriend4u

Well-Known Member
Re: Nifty view - koolfriend4u

r u sure ? Will the correction be so deep ?
I m also expecting a correction but not sure will it go upto 3900. Plz throw some light on your analysis.
as per EWT we are in wave C.

again a pattern of 12345.

in 1, a subwave of 12345 is thr.

In this yest we are in 3 of 1.

based on this 5 of 1 need to complete near 4920. today we stopped 13 points above itself .

Wave 1 ends here.

wave 2 is a retracement of wave 1. - a up wave.

once this wave 2 ends... a steep correction will b thr - wave 3.
 
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