Trading with PT style

[aditya14]

My $0.02: Bulls will have upper hand atleast till close of the last derivative in 2009!!!
Values (on closing basis) determined by me for what the same are worth :

R3: No resistance
R2: 5267
R1: 5228
Close 5185
S1: 5110
S2: 5032
S3: 4993


Important levels :
5205
5165

I agree but there will be fireworks due to smaller week again.Or it can be a dud week just like the 4.5 hours on Friday.

As Praveen bhai said there will be money on table for both sides i hope the volatility doesn`t drop significantly next week as the big boys are gone.

 

[praveen taneja]

Equity benchmarks ended in the positive territory but off 52 week high on Thursday, led gains in by auto, metals and oil & gas stocks.


Indices took support from the positive global markets.
Equities opened higher in line with other global markets and turned choppy after a rally in previous session. However, a sharp bout of buying in the afternoon helped the indices to finally breakout of resistance levels.
Towards close, the market failed to hold on to intraday highs as investors chose to book profits at higher levels ahead of extended weekend.
Fundamentally market looks expensive but looking at the momentum it may move higher. One should not buy at these levels as the results season may throw some negative surprises and high inflation is already a cause of concern. Whatever positives are there have already been factored in
National Stock Exchange’s Nifty closed at 5178.40, up 33.80 points or 0.66 per cent after hitting 52-week high of 5197.90. It touched intraday low of 5129.05.

Bombay Stock Exchange’s Sensex ended at 17360.61, up 129.50 points or 0.75 per cent. The index touched intraday high of 17413.69 and low of 17198.09.
If Nifty manages to stay above 5180-5190 then the next two key resistance levels would be 5206 and 5232. Above that the next resistance level is 5304. On the downside, first support is at 5130 then it would be at 5108, 5085 and 5064. If this new found bullishness is to be maintained then it should not close below 5064
The BSE Midcap Index was up 0.72 per cent and BSE Smallcap Index moved 0.60 per cent higher.
Amongst the sectoral indices, BSE Auto Index was up 1.50 per cent, BSE Metal Index gained 1.42 per cent and BSE Oil& Gas Index jumped 0.90 per cent.
Tata Motors (4.17%), Hindalco Industries (3%), Reliance Infrastructure (2.55%), Hero Honda (1.93%) and Tata Steel (1.90%) were amongst the top Nifty gainers.
IDEA (-2.50%), Ranbaxy Laboratories (-1.92%), Jaiprakash Associates (-1.87%), Bharti Airtel (-1.46%) and Power Grid (-0.82%) led the decline.
Market breadth was positive on the BSE with 1598 advances and 1253 declines.
NOTE: Markets will remain closed on Friday and Monday on account of Christmas and Muharram holidays.

 

[praveen taneja]

I would suggest to myself:lol: that buy a call and put of dec of 5200 around 70 and enjoy that updown sell call around 5235 and put around 5152 as both can b tested on tuesday and the day after but i can b wrong too:thumb::rofl:
Hope all enjoying there weekend with gay:rofl: and happiness

 

[praveen taneja]

FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 24-Dec-2009.



FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 24-Dec-2009 1537.81 830.98 706.83



Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment

The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance and MFs on 24-Dec-2009.



DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 24-Dec-2009 1197.37 1308.48 -111.11

 

[praveen taneja]

--------------------------------------------------------------------------------

Some Good and bad things



The most destructive habit....... ......... ......... ......Worry

The greatest Joy......... ......... ......... ......... ........Giving

The greatest loss........ ......... .......Loss of self-respect

The most satisfying work........ ......... ....Helping others



The ugliest personality trait....... ......... ....Selfishnesss

The most endangered species..... ...Dedicated leaders

Our greatest natural resource.... ......... .....Our youth

The greatest "shot in the arm"............ Encouragement

The greatest problem to overcome.... ......... ........Fear

The most effective sleeping pill........ ....Peace of mind

The most crippling failure disease..... ......... ....Excuses

The most powerful force in life........ ......... ........Love

The most dangerous pariah...... ......... ........A gossiper

The world's most incredible computer.... ....The brain

The worst thing to be without..... ......... ......... . Hope

The deadliest weapon...... ......... ......... ....The tongue

The two most power-filled words....... ......... ..."I Can"

The greatest asset....... ......... ......... ......... .....Faith

The most worthless emotion..... ......... .......Self- pity

The most beautiful attire...... ......... ......... ...SMILE!

The most prized possession.. ......... ......... .Integrity

The most powerful channel of communication. ....Prayer

The most contagious spirit...... ......... .....Enthusiasm

The most important thing in life........ ......... .....GOD

 

[praveen taneja]

The ensuing week being truncated, coupled with derivative F&O
expiry, markets may remain volatile. On the daily chart, the
momentum indicators viz. RSI and Stochastic indicate strength
and further upside. If indices trade and close above 17414 / 5200
levels then they are likely to test 17620 to 17830 / 5300 to 5370
levels. On the downside 17100 - 17000 / 5100 - 5050 levels may
act support for the markets.

 

[praveen taneja]

Put Call Ratio Analysis

The Nifty PCR has increased from 1.16 to 1.48 points, as in the last week a sharp bounce forced the writers of call options to cover their positions, and put writers became active. Although Nifty (futures) breached the 5200 mark, positions in the 5200 call option are still intact; as IV is at a very low level, it is suggesting that the build up in the 5200 put is mainly because of buying, and this shows that the resistance level is still intact at 5200.

 

[praveen taneja]

Where our mkt heading???

Sensex is back again above 17K but the stock prices are yet lower than they were earlier.

Every thing which has gone up has to come down and can again go up that is what the state of Indian stock market is.

We saw lows of 8K on Sensex last year. This year it bounced back to around 18K levels. More than 100% return in a year! Sounds great. But the stock prices have yet not caught the momentum specially the small caps.

Its now time for a fresh new year 2010. Markets may remain positive for a while. Certain factors restraining the markets to go up are:

Global factors – liquidity, FII Investment, etc.

While internal factors such as abnormal rise in food price, budget coming soon, liquidity crunch!

Simply speaking markets may rise for a while and may witness a small correction sooner or later.

 

[praveen taneja]

--------------------------------------------------------------------------------

Confidence & Self Esteem





Confidence and Self-Esteem were best friends. They went everywhere together. If Confidence bought a new dress, Self-Esteem bought one just like it. They were very close.


One day a new kid came to their school. His name was Peer Pressure. He had a friend called Hateful Words. They decided to give Confidence a hard time.





They constantly teased her. They forced her to do terrible things. It was so terrible that Confidence lost Self-Esteem. When Self-Esteem wanted to start some classes, Confidence said they wouldn't be any good.


Then one day, Peer Pressure introduced Confidence to Doubt. He wanted to ruin Confidence, but Peer Pressure said he couldn't yet. Self Esteem couldn't understand what was wrong with Confidence. Confidence now hung around with Depression, Low Self-Esteem, and Overeating.


These girls were friends of Peer Pressure. Self-Esteem no longer had any friends. She no longer felt good about herself. She went to see her Imaam. Imaam Good Words told her how to talk to Confidence. He introduced her to his daughter, Encouragement.


Encouragement and Self-Esteem went to find Confidence. Self Esteem hoped she wasn't too late. The girls found Confidence in a stupor. She was no longer a vibrant, happy young girl. There were dark circles under her eyes. She had gained so much weight from eating that she couldn't move.





Encouragement gasped and Self-Esteem cried. She begged Encouragement to do something.



Encouragement began to hug Confidence. She kissed her and loved her. She told her that she was a beautiful young lady who had a lot going for her.


Encouragement held Confidence so tightly that Self-Esteem thought she would smother her. Confidence began to cry. As she cried, she seemed to lose weight. Then a bright light suddenly glowed from Confidence and she began to smile.


Peer Pressure and his friends didn't like what Encouragement was doing and tried to attack her. They hit at her and pulled at her, but they couldn't pull her away from Confidence. Then Confidence began to speak.


"Get away from me, Peer Pressure. Take your friends and go. You no longer have any power over me." Confidence was now a glowing light. She and her friends made sure that Peer Pressure and his gang never bothered anyone in their town again.

***********


If you feel that Encouragement is not your friend, then try to find Encouragement in yourself. Self-Esteem and Confidence will follow.

 

[praveen taneja]

getting wealthy as we get older !!
















silver in the hair
gold in the teeth
stones in the kidneys
sugar in the blood
lead in the feet
iron in the arteries
and an inexhaustible supply
of natural gas

we never thought we can
accumulate such wealth !!