Take Our Survey! Nifty Reporter's Live Diary........: May 2012

Thursday, 31 May 2012

NMDC

NMDC:
Previous close 164.4
Concentrate on the level of 163.
Maintain short below this level with the stop loss of 165.
Sell Jun futures accordingly.
Repeat trades if required.

DLF

DLF:
Previous close 183.4
Wait for this counter to trade below 181.
Once trades, Go short and take stop loss of 183.
Sell Jun futures accordingly.
First target will be 172.
Even though this is the strong support for this counter, it will be the last one also.....

LIC Hsg Finance

LIC Hsg Fin:
Remember only 2 levels in this counter........
235 and 238.
Go short below 235 and take stop loss of 238.....
Sell Jun futures
Please respect the levels and repeat the trades if required......

Alstom Projects

Alstom Projects:
Again and again this counter is playing hide and seek game!
Previous close 348.
This counter will rush to 341.
A strong and final support exists at that level.
Will it survive?
Maintain short below 346........

Wednesday, 30 May 2012

Hexaware

hexaware:
CMP 125
Sell with stop loss of 126

Indiabulls Real Estate

IBReal Estate:
Rally over
Previous close 55.
Sell with a stop loss of 56.
Sell Jun futures accordingly

Tuesday, 29 May 2012

Back to shorts!!!!



Nifty taking a breather made a high of 5020 today.
My expectation for the 4 th wave was around 5060.
Any ways as the expiry is nearing, we may see some
volatility in the next 2 trading sessions. 
As far stocks are concerned, I believe they have reached 
their intermittent resistances and I will be concentrating on
building short positions for the time being until those resistances
are respected.

HPCL - Effect of fuel price rise over!!!

Hind Petro:
Previous close 297.7
Will wait for this counter to trade below 295.
Below this level will maintain a stoploss of 298.
Will repeat trades if required

Friday, 25 May 2012

When there is no direction - Avoid trade

There is absolutely no need to initiate a trade, when the market is at cross roads.
Wait for the opportunity to trade.
This is what has happened today. 
That is the reason, I have not issued any calls.
The result you have seen. 

Thursday, 24 May 2012

Nifty - Will it be like this?


Your comments please!!!!!!!!!!!!!

Titan Industries

Titan Industries:
May futures:
Previous close 224.6
A price movement of 3 points will make all the difference.
Only two levels for the futures trading.
222 and 225.
Below 222, sell with the stop loss of 225.
Will be repeating trades if required.

Kotak Bank- free fall on car?

Kotak Bank:
May futures previous close 534.85
Will maintain short below 530 with the first target of 505.
Once this target is achieved, it will reach 450 in no time.........

HDFC BANK - No respite

HDFC Bank:
Will be concentrating on only 2 levels.
480 and 485.
Previous close 487.2
Will maintain short below 480 with the stop loss of 485.

Wednesday, 23 May 2012

Shorts still open!!!!

Bajaj - Auto and LIC Hsg Fin: Will keep both the positions open for short with the levels mentioned.

Trading at terminal -Emotions Unlimited

Good trader Vs Bad trader


At the end of the day, we go through the charts picking up the scripts for next day.
We know our script after entering a trade has the large potential targets.
But the problem is when we sit in front of the terminal, we tend to forget about the
basic charts we followed yesterday. 
Fear of trade going against us, fear of losing the profits we earned lurks on the mind.
We start looking at all the volumes and price actions minutely even though it is a very normal 
behavior of the script. We follow daily charts, weekly charts but tend to trade on the intraday.
We have to over come these emotions and errors to sustain in this profession.
This difference will show how strong and successful we are at trading.............

union bank



Union Bank:
CMP 202.15.
Buy with a small stop loss of 200.5

Asian Paints - Looking tired

Asian Paints:
The stock had a good run from 3000 to 3800 levels.
This counter is looking tired now.
Previous close 3677.
Will wait for this counter to trade below 3650.
Will maintain short below this level.

LIC Hsg Finance

LIC Hsg Fin:
Previous close 234.3
Wait for this counter to trade below 232.
Once trades, go short with this stop loss of 235.
Will repeat trades if required.
This will be the last support for this counter

Bajaj Auto

Bajaj- Auto Ltd:
Last time, I gave the buy call in this counter at 1485 levels and the result you have seen.
The stock spurted to 1637 and now trading at 1507.
Now concentrate on the level of 1490.
Maintain short below this level............ with the stop loss of 1510.
Repeat trades if required.

Monday, 21 May 2012

Friday, 18 May 2012

Federal Bank

Federal Bank:
Do you remember this counter???????
Yes we sold at 427 and booked at 406.
Now.........
May futures previous close 400.
Below 398, sell it and take stop loss of 405.
The first target in this counter will be 360......

Alstom Projects - Over and out!

APIL
May futures previous close 344.1
Will maintain short below the level of 342.
The first target will be 330. 
Once breaks this level, will reach to 300 in no time

Thursday, 17 May 2012

Where was the trade?

I again and again repeat the same thing.
Please watch carefully the levels mentioned.
Jain Irrigation: where was the trade?
I gave the level of 74. Has it broken?
Please check your charts. At no moment it has traded below that level.
Patel Enginerring crashed from 100 to 88
Orchid Chem crashed from 165 to 128 in 2 days.
Fortiis, Raymond, Indusind Bk, India Hotels, SAIL and Bajaj Auto.
Please check all these levels and then comment.......................

Wednesday, 16 May 2012

NTPC

NTPC:
From 175 to 145 in a matter of 45 days.
Worst is over for this stock now.
Today or tomorrow will be reversal in this counter.
May futures: previous close 144.
Will buy around 142 levels with the closing stop loss of 140.
Will be long in this counter as long as futures respect the level of 140.

Still believing my trades

I am still believing my calls and waiting for them.
Dabut, Fortis, Jain Irrigation, SAIL etc 

Nifty - A trap!

Nifty - Whats the move today?
What does it indicate?
I feel its a trap!
Please don't be long in this markets.
Its a bears paradise.
Watch the European markets. They all have broken their crucial supports and trading below.
Blood bath is yet to be seen in the world markets.
This is a trailer. Try to look at the larger picture.
There is no charm in the market.
I will maintain short below the 5000 levels.
Even if the Nifty is crossing this level, I will not be buying it. Rather I will be waiting to short below 5000 levels.

Tuesday, 15 May 2012

Reliance Industries- the Bhishma of Indian Market!

RIL: 
May futures:
Previous close 677.
The last and final support for this counter will be 664.
Will it hold this level?
This is the level we will be looking for the whole year.
What does it indicate? RIL at the year's low.
Trading at last and crucial support.
This will be a one kind of mood indicator for the indian market.
The day, this counter breaks 664 and closes below it, the drama unfolds.
This counter will rush to 550 very fast,
It will be a free fall for the indian market as this counter weighs heavily on our index.

NTPC

Monday, 14 May 2012

Indiabulls Real Estate

Indiabulls Real Estate: Nothing for the bulls
Previous close 56.
Decide what you want 58 or 47.
Just sell this counter and take 58 as the stop loss.
There's nothing much left in this counter now for bulls.



Fortis Health

Fortis Healthcare:
No need to look at charts and no need to watch blue channels.
All you need is two levels. 98.5 and 100.
Once trades below 98.5, sell your everything and juss take the stop loss of 100.
Will repeat trades if required.

Dena Bank

Dena Bank:
Level to concentrate is 82.5.
Once trades below this level, juss kill it and take stop loss of 84.
The immediate target in this counter will be 68.
Please respect the levels



Dabur!

Dabur:
Previous close 104.7
All I am interested in this counter is the level of 104.
Will maintain short below this level.
Once trades consistently, go short and take 105 as the stop loss.
Will repeat trades if required

Alstom T&D - Sell if you can!

Alstom T&D 
May futures:
Previous close 347.
Waiting for this counter to trade below 342.
Will maintain short below this level with the stop loss of 347.
Once the call enters, will maintain the target of 285.

Sunday, 13 May 2012

A follow up of my trade calls



Last week was a happening one.........
I mentioned around 13 calls on the short side and 02 calls on the long side.


Short calls:
Welcorp: Short call at 119 -----CMP: 116.85
HCL :     Short call at 508------------CMP 489
Siemens: Short call at 745------------CMP 700
Patel Eng: Short call at 98------------CMP 91.6
Dr. Reddy: Short call at 1700---------CMP 1660
Raymond: Short call at 388------------CMP 376
IndusInd Bk: Short call at 315---------CMP 312
Kotak Bk: Short call at 548-----------CMP 541
Tata Power: Short call at 98-----------CMP 91.85
India Hotels: Short call at 59.5--------CMP 58.6
Orchid Chem: Short call at 166-------CMP  161
SAIL: Short call at 88.5---------------CMP  89.2


Long Calls:
Bajaj Auto: Long call at 1485---------CMP 1560
Praj Indis: Long call at 64 -------------CMP 61.5


Now in the above calls, there were many stocks which have triggered stop loss after I issue a call. Here I want to mention about repetition of trades. People say this will tend to over trading, But I feel otherwise.I want to be in the call with minimum stops. There are remote chances of a trade getting stop loss triggered more than once.Every script before breaking down will always try to shed the small traders. Every manipulator knows which levels the traders will be looking at. He always try to break that creating confusion in the minds of traders. 


Spot Nifty is already trading far below its final support of 4990.
Will not be holding longs in any counter as long as nifty spot is below 5000.
All my short calls mentioned above are trading below their final support levels. 
They are holding their levels only because of some manipulation,
Believe me it will be a free fall in these counters in the coming days.



Thursday, 10 May 2012

Jain Irrigation

Jain Irrigation:
Last and final support for this counter is 74.
Will it hold this level?
Maintain short below this level.
Below this level, this counter will rush to 50.
Please don't be hesitant to cut the position above 75.

India Hotels

Indian Hotels:
Previous close 59.2
Just sell this counter and take 60 as the stop loss.
We expect this counter to reach 54- 52 levels in the coming days.

Wednesday, 9 May 2012

Tata Power

Tata Power:
Previous close 99.25
98 is the last hope for this counter.
It will be a free fall below this level.
It will try to reach 93 in 2 to 3 days.
Will update accordingly

Kotak Bank

Kotak Mahindra Bank:
Just concentrate on the level of 548 and 552.
Previous close 555.5
Once breaks the level of 548, will maintain short and take stop loss of 552.
Repeat trades if required

IndusInd Bank

IndusInd Bank:
Previous close 317
Already broke the strong support of 321.
Will maintain short below 315. 
Will take 318 as stop loss..........

Raymond

Raymonds
Previous close 393.
Concentrate on the level of 388.
Once breaks this level, we will maintain short in this counter.
It will be a free fall in this counter below this level.

Patel Engineering

Patel Engineering:
Just sell this counter.
Already trading the final support of 100.
Previous close of 98.
100 will be the stop loss all trades in this counter.
First target will be around 85 for this counter

Judgement Day

Judgement Day:
Nifty is on the verge of breaking down to 4600 levels.
Guys whatever the counters I am mentioning, all we need is one trade in our direction
and there will be no need to cover them in the coming days.
Just concentrate and respect the levels.
Today we are having a great opportunity to get right in the bear market..........

Tuesday, 8 May 2012

Praj Industries

Praj Industries:
Buy Praj Industries futures at 64.5

Dr. Reddys



Dr.Reddys:
Sell May futures at 1712.
Stop loss 1725

Nifty Futures



Nifty Futures: CMP 5089
SL 5080. buy

Welspun Gujarat

Welcorp: Over and out
Previous close 119.4
Once breaks the level 117, sell this counter and take 119 as stop loss
First target will be 110.
Will update accordingly.

Monday, 7 May 2012

Siemens

SIEMENS:
Previous close : 749.3
Waiting for this counter to trade below 745.
Once trades, will sell this counter and take 750 as stop loss.....

HCL Technologies - Ready for a sell off????????

HCL Technologies: Looking tired.
Uncomfortably placed in charts.....
Previous close 513.2
Remember only two levels. 508 and 512.
I will sell this counter below 508 and take stop loss of 512.
Will repeat trades if required.....

Bajaj Auto

Bajaj Auto:
From 1840 to 1500 in a span of 2 months.
What next?????
Yes a strong and final support exists at 1485 levels.....
You can look out for reversal today.
You can be long respecting the level of 1485.........
Please don't hesitate to cut positions below this level.

Thursday, 3 May 2012