Thursday, 31 May 2012
Wednesday, 30 May 2012
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.
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.
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
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.............
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.............
Monday, 21 May 2012
Friday, 18 May 2012
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.......................
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.
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
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.
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.
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.
Monday, 14 May 2012
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.
Friday, 11 May 2012
Thursday, 10 May 2012
Wednesday, 9 May 2012
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..........
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
Monday, 7 May 2012
Thursday, 3 May 2012
Wednesday, 2 May 2012
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