31-12-2008 Views

Hi, Today is the last day of the year 2008 ,the share market will close on a positive note. On 30-12-2008 Nifty could not pass above 3000 and settled around 2980 which is a very good support point. Today Nifty will face resistance at 3050 above 3000. Then at 3100. If Nifty crosses 3100 we may see 3200 and above. The support is at 2920 range and below which 2900,2890,2860,2800 may arrest the down fall. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

29-12-2008 Views.

Hi, If Nifty goes below 2860 the support will be 2713 .If Nifty goes below this level the support will be around 2650. If Nifty sustains above 2650 it may go up to 3000,3100 range. If Nifty goes above 3100 strongly next resistance will be at 3250. If nifty cannot go above these resistance levels it may go below 2600 to 2550 and 2500. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

26-12-2008 Views

Hi, Nifty has closed just below 2920 which is very crucial support level.If Nifty sustains below this level then we may see more down side. World markets are subdued showing narrow movements. If Nifty is not going below 2920 on closing basis we will see more upside. Resistances are 2960,3000,3080. Supports are 2900, 2860,2800, 2750. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

23-12-2008 Views

Hi, Nifty seems to confirm my views on 22-12-2008.Today whether nifty will go down below 3000 we have to wait and see. If Nifty gets support at 3010 level it may retrace yesterday, levels . Next support for Nifty will be 2980 below which 2920. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

22-12-2008 Views

Hi, Nifty finished in positive zone for the last week but near the resistance. But still Nifty is not out of woods. If nifty cannot pass above 3100 and come below 3000 there will be more down. It is better to be long with hedging rather than keep unprotected long position hoping Nifty will go up and finish this month with gains. Lot of volatilility is expected since next week is accounting year end for many as well as end of December month contract. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

19-12-2008-Views

Hi Nifty has to go above 3100 to reach further heights from 3060 ,a resistance point. Anyhow Nifty may have heavy resistance at 3150 and selling pressure may take the Nifty down. Nifty has support at 3000.Below which supports are 2955,2920,2800 and 2740. Considering this we can continue to hold 3000 call short and sell 3000 call around 3100 if market finds difficult to move above 3100. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

18-12-2008 Views

Hi, Hope investors would have enjoyed shot in 3000call yesterday. Today Nifty may go side ways biased towards down side. Immediate support for Nifty is at 2915,then at 2945. Below which 2820 is good support. If nifty goes below this point support will be at 2780,2755,2740 range.If Nifty cannot sustain above this series of supports it may go to 2650 and 2600 levels. Resistance will at 3000 and above this will be at 3100. Investors who are keeping the shots in 3000call can go long at 3000call. This position can be carried to Monday. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

17-12-2008 Post Market Views

Hi, Today Nifty opened near the close of yesterday and went beyond my suggested level of 3060.But it got resisted at 3076 and started coming down.It took the minor support at 3000 and moved sideways between 3020 and 3040 . Finaly when the bulls could not keep Nifty above this level. Nifty slipped to 3000 , after witnessing slight suppot here slipped to 2943 and as it was suggested in the morning Nifty took support and closed 11 points higher at 2954.

17-12-2008 Views

Hi, Nifty is in buy mode. But it has to cross 3060 initially to continue its upward journey. Nifty has resistance at3148 region then at 3160. Above this level Nifty may go up to 3200. Nifty has support at 2940 then at 2900 level, below which support is 2860 which is very important level. People who are long in nifty future can hedge their holding by selling 3000 call option matching to their holding. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

13-12-2008 Views

Hi, Nifty as our views on12-12-2008, came down and took support at 2812.55 rebounded and closed positive at 2921.35.The close was same as the previous day that is a Doji. That shows indecision. market can go either way up or down. Nifty on up side it may go up to 3100 beyond 2975. Nifty on down side it may go to 2800 beyond 2850. For upside Nifty has to break 2960 convincingly to go up otherwise it may be range bound. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

12-12-2008 Views

Hi, Nifty could not go above 2928, which is 34Ema on 3months chart. That shows Nifty has met resistance at this point. one consolation is it has closed above the 34Ema in daily chartdaily chart. Today Nifty may open negative at around 2860 which was low yesterday. Below which Nifty may go down to 2550 and 2500. Investors can enter into 2900 long stradle. Investors are advised to book profit at call if Nifty is unable to move up above 2960 level. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

11-12-2008 Views

Hi, Nifty yesterday closed at 2928.25.which is at 34ema of 3months chart. Today Nifty may open positive following sgxnifty.My feeling is today market may be sideways between 2928 and 3000. If Nifty breaks 3000 it may go up to 3150. down side it may go to 2800 and then to 2750 below which the support is at 2550. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

10-12-2008 Views

Hi, Nifty went up to 2861 and closed at 2786.N1fty has to move above2790 as the first huddle and then 2800 . Unless Nifty sustains above 2860 Nifty cannot see higher level. However nifty will face stiff Resistance at 2928 which is 34ema. Nifty will get support at 2715 below which support at 2600,2570,2530,2500 cannot be ruled out.Below 2500 Nifty may go down to 2250 and below. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

08-12-2008 Views

Hi, Nifty on Monday Nifty has to cross 2800 comfortably to reach 2940 where it may face stiff Resistance. Below, Nifty may get support at 2700. Below 2700 it may get support at2640,2612. If nifty cannot sustain above 2640 level next support is around 2540,2500 . If Nifty does not stop downside journey at 2500 It may go down to 2200. Though American market ended positive, initially it may open downside. If Nifty opens down then we may see some upside. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

03-12-2008 Views

Hi, Nifty was 100 points down at one time and closed at after covering most of the lost ground at 2657.8. Today Nifty has to cross yesterday's high 2672 and then 2680 to move up.If Nifty fails to move up beating 2680 ,the support will be 2600,2550,and 2500.Nifty has all the chance of touching 2500 and rebound . Investors who have not booked profit in 2700 put can book profit when nifty tanks to 2600 level and buy 2500put. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

02/12/2008 Views

Hi, Nifty crossed 2780 but could not cross 2860 for that matter it got resisted at 2840 level and came down.Though it could not get support at 2700 ,it got support at2670 and closed at 2782. World indices are down which is shown in this blog may drag Nifty also down. Today Nifty may open down and move up. Investors who have bought 2700 long straddle can hold .People who can take risk can book profit of 2700 put when the market tanks and hold 2700 call to get in to profit.But always play the market according to the trend. Nifty may take support at 2630, below which 2540 and 2500. Nifty has to move past 2860 very strongly to see higher level. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

01-12-2008 Views

Hi, The year 2008 is going to end. From Jan2008 high we have come down to say-50% level in most of the stocks. The terror attack has brought out OUR INDIA feelings among us. On the last day of November2008 FIIs did some buying. Nifty also closed up compared to previous day. This we can take as positive sign. Nifty closed above 34EMA at2755 as on EODchart.If Nifty goes up above 2780 we can see some upward. IF nifty cannot move up then it may come down to 2500 and below. Nifty has good support at 2700 below 2755 and resistance of 2860 above 2780 level. Investors can safely buy 2700 call and 2700 Put and watch for this week . IF the straddle is on profit it is better to book profit and re enter since the time matures the value of the premium reduces. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

24/11/2008 Views

Hi, Nifty closed at 2693 below the 21st Nov high of 2717. That shows that shorts are created at high . Since American market closed high we may see some upside here also. Nifty has to cross 2720 first and cross 2800. then the resistance will be at 2985 and 3000. All technical analysis may go hay ware since November future contract will expire on coming Thursday. So we will see lot of volatility in the market. Investors with weak heart will be better off if they stay away from the market. Downside Nifty may touch 2600 and 2550 level before the expiry day. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

19-11-2008 Views.

Hi, Nifty took support at 2680 level after breaking 2700. We may see some more down side.Nifty may take support at 2630 level and go up. If it goes down further it may take support near 2530 .Below which it may touch 2250 and move up. On higher side it will face resistance at 2700 beyond which 2800 may be the resistance. Above 2800 ,2830 and 2870 will prove stiff resistance. Any how market is looking for a good reason to go up to 3000 and 3100 level. But whether this level is reached after touching 2250 or not is a big question. Sugestion: Investers can book profit of 2900put when the market goes down and buy outof the money call say2800 call or 3000c at lower level of nifty. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

18-11-2008 Views

Hi, Nifty has not moved up as expected.The world economy is down due to problems in America. Still dow has to find its bottom. Nifty will go down if it has not moved above2800, 2820,2840. It may find support at2700.If it cannot sustain above 2700 next support level will be 2500. My gut feeling is nifty may go down further and find its level at 2200 and below. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

12-11-2008 Views

Hi, Technically there was move upwards. But it was aborted as it was thought it will have resistance at 3150. Heavy selling brought nifty to the level from which Nifty may go up. Important level to watch is 2900 to 2920. If this level is held then nifty will regain its near 3150 level. If nifty follow up the sentments of the world market it will come down more to 2860. If 2860 is not held nifty may come down to 2670, 2600 levels. The investers can hold 2900 put for some more time and can take advantage of cheaper calls and buy 3100 c. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

11-11-2008 Views

Hi, Investers are at profit if they had bought 3000c. They can hold 2900p and if market opens high it is better to sell 3000c and buy again if market tanks. Today Nifty will face resistance at 3150. Then at3200,3240. nifty will move only above 3240. Below 3100 we may get support at 3000.Below which nifty may touch 2930,2860 Further profittaking may drag down to 2600 level. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

10-11-2008 Views.

Hi, After the American election the world market fnished with gain. Indian sharemarkets also closed in green. The nifty is in a position from where it can move up or down.It is just above 2960 which is an important support.it will face resistance at 3000 and then 3150 . If it crosses 3240 we can see upmove. Below 2960 we may see support at 2780 , 2700 ,2630 below which nifty may be taken down to 2550,2500 initialy.Below we may find nifty to find major support around 2250. The author is of the opinion the investers can buy 3000c and 2900 put . They stand to gain . Best of luck in trading. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

6-11-2008 Views

Hi, Much awaited US election is over. New power has been elected.whether it will do good to Indian economy or not we have to wait and see. Definitely it has not helped our market to define the bottom. Nifty has closed at 2994. Immediate support is 2900 and next support is around 2860 below which it may touch immediate lows of 2760,2660,2600,2400, 2350,2300. Below 2300 Nifty may come to 2200 levels, where nifty may find the bottom. Similarly immediate resistance may be 3050,3100,3145,3200. Nifty will show strength only above 3200 and face resistance at 3350. Best of luck in your trading. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

04-11-2008 Views

Hi, Nifty is still not out of woods. The more aids and stabilising methods from governments coming more negative feeling will set in. The situation is suitable for only big players who can manipulate the market and swallow the individual investors. Nifty went past 3000 and closed 3043.It has to cross 3100 with force to be in the upward journey. Again at 3200 region Nifty will undergo heavy selling pressure. If nifty sustain above 3250 we can expect some higher levels. If nifty is unable to cross 3064 and 3100 region it will come to 2500 level and below. Best of luck in your trading. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

3-11-2008 Views

Hi, Hope investers enjoyed profit following the straddle sugestion during month of October. Now nifty is looking up. But this is momentary. Nifty has to cross 3250 to become strong. Nifty will have to cross above 2920 to show short term up ward movement. It will face stiff resistance at3000 and come to as low as2000 and 1800. To cash the short term uptrend we can buy 2900 call at low and sell 3200 call option at high and carry through. But it is prudent if the position is closed when profit is seen. Wish you a prosperous trading. Disclaimer: Please take trading position based on your own analysis. The sugestion given above maynot yield profit and the author is not responsible for any loss.

24-10-2008 Views

Hi, I was busy and could not write my views in this blog. The bears are having gala time and now their position is becoming little unsecured. No one can say when the bulls will take upper hand? The world indices are showing that there is still time to think about the recovery. Nifty may go down to 2900 level and look up. If Nifty moves above 3000-3070 range some uptrend may be seen. Above 3070 nifty may travel to 3550 and above to 3774.Down side it may touch 2500 initially, then take support at 2450 and rebound. My gut feeling is the correction from 3070- 3550 level will take nifty to 2000 level where we can see some fast movements upwards. FOLLOW UP: In my last posting I had suggested to consider buying straddle. IF those invested would have got good profit. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.

7-10-2008 Views

Hi, Nifty has behaved as it was predicted 30-9-2008. The nifty came down to 3800 and below to 3600. Now nifty may rebound. If not Nifty may come down to 3550 then 3500. If bears start covering up at these levels Nifty will be taken to 3700 levels. The author is of view that Nifty will go up only if Reliance moves up.Again we have to keep in mind that the true bottom has not been reached. Follow up: 3800 put Open Price 178.00 High Price 284.00 Low Price 178.00 Last Price 259.90 4100 call Open Price 39.80 High Price 45.00 Low Price 25.20 Last Price 30.60 Option I: Now the investors can sell 3800 put. If the market goes down near 3500 and buy another straddle of 3500 put and 3500 call. Option II:Buy 3600put and 3600 call. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.

03-10-2008 Views

Hi, Nifty shed some of its Tuesday gain and closed at 3950.75. the author holds the same view as of 1-10-2008 Views.To add to the voes the Dow lost 348 points and Asian market most of the important Asian markets are yet to open. Then only we will know how this bailout is taken. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.

03-10-2008 Views

01-10-2008 Views

Hi, Nifty closed 75 points up at 3921. The world indices have closed positive and Asian market is showing upward sign. On 30 September nifty touched 3715 at lower side and 3966.85 on higher side.If nifty goes above 4000 it may touch 4190 and react. Unless it crosses 4600 Nifty will be considered bearish only.Every high is an opportunity for short trade. FOLLOW UP: 3800 put went up to 214 and closed 130 low was 100 4100 call went up to119.70 and closed 102.10 low was 52.30 The position is in loosing position only .However at high the yield is around RS.1650 The other costs are not included. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.

30-09-2008 Views

Hi, Yesterday all the world indices are down . Dow came down shedding maximum points in its history, making the financial markets of the world jittery. Nifty went up to 3999 and came down and finished at3850. Nifty may show little upward movement technically but to shed the gain again. My target is 3550 and 3500. Follow up: yesterday it was suggested to buy 3800 put and 4100 c with total investment around Rs15000/-.Now the position is under loss at Rs. 12295/-.However if the traders could sell both the options at their high they would have gained around Rs.1750/-. Since nifty has become very volatile due to the rejection of financial bail out plan by the US government the same position can be held. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.

29-09-2008 Views

Hi, Nifty showed some bullishness on Thursday and on Friday it gave away all the gains of previous day and entered bearish mode. Now the Nifty is poised at 3985 and if market surpasses this level and crosses 4100 the target is around 4190 and above 4300. If market goes below 3800 with momentum the target may be around 3700 and 3500 . Hence it is prudent to buy 3900 P and 4100c . At present 3900p is around 85 and 4100 c is 213.65 . total investment will be around Rs.15000/ Please do your own analysis before following this recommendation. Best of luck in trading.

22-09-2008 Views

Hi, Nifty went up with a bang and finished 207 points up. It closed above critical resistance level 4200 (now critical support), below which it may touch 3895 and 3875.If Nifty cannot rebound from this level it may see some more downside. If Nifty sustains above 4200 then it may reach 4300 and above 4400 where again it will see some selling pressure. It is prudent to buy 4200 c when market tanks first and hedge with 3900 put and carry through. Please don't follow this recommendation blindly with out doing your own analysis.The author is noway responsible for any losses.

11-09-2008 Views

Hi, Nifty behaving like what it was written in this spot on 10-8-2009.Nifty couldnot breach the higher level and came down . It lost 68 points to finish at 4400 level.If Nifty does not go below 4350 lenels then it will rebound and reach 4500 again.If it goes down it may touch my target 4200 and below. Please take decisions based on your own analysis.

10-9-2008 Views

Hi, Nifty went up above 4500 but couldnot sustsin there and came down and created a red bar.That is closed below the day's opening. This is a negative sign and nifty may go down. My target is 4200 downside and 4600 in the upperside. Disclaimer: This is my views and you need not follow this views without confirming with your own analysis.

5-9-2008 Views

Hi, On 4-9-2008 Nifty started reacting and closed at 4447 which is above support level of 4440. Which is also 55 EMA . So chance is that Nifty may rebound from 4440 then the h&s pattern is negated. If Nifty goes down below 4440 then Nifty may touch 4200then3800, then even 3500. Between 4440 and 4200 there is support at 4382and 4369. We can continue to hold the long strangle which was mentioned yesterday. Please trade according to your own analysis. The author is not resposible for any loss. Happy trading.

04-09-2008 Views

Hi , Nifty is above 4500 . But on 2-8-2008 it went high to touch 4522 but it could not pass above resistance point of4540. And also it is forming reversal pattern (head and shoulder) . It may retrace to 4200 the neck level and if it goes down further low can be seen. On the contrary if nifty moves above 4540 it may reach 4600. Now it may be prudent to buy 4600 call and 4500 put. Please take decision on your own analysis. Happy trading.

2-09-2008 Views

Hi friends, nifty was rangebound and it was playing with in the levels mentioned earlier. Yesterday it has come to 4350 levels. Yesterday US market was closed. IF Nifty is lifted up it goes upto 4440 level and it may retrace if it cannot move up convincingly. Take care. Take your own decisions .The author cannot be held responsible for any shortfalls for folowing the levels mentioned in the blog.

26-08-2008 Views

Hi, Nifty closed at 4335 and it is at support level. If nifty goes down it will get support near 4220, 4200 below which it may go to 4190. If it rebounds from 4220 range it has to pass 4400 to move further. please do your own analysis before taking any decision. Happy trading.

25-08-2008 Views

Hi, Nifty is at support level and it may move according to the world indices. It it comes down it may get support at 4250 and next support lies around 4220-4190. The market may re bound from 4200 range and move above 4500. Please dont follow this views blindly . Do your own analysis before taking decisions to trade.The author is not responsible for any losses. The author wishes the visitors profitable trading.

20-08-2008 Views

Hi friends, Nifty after touching 4317 rebounded to finish at 4368. Now Nifty may go up and cross 4400 then 4426 . If fails to cross 4426 convincingly It may come down to touch 4250. Incidently in future graph there is a upward gap at 4250 which has to be closed. it may rebound from 4250. Please take your own judgement in taking decision to trade. The author is not responsible for any loss .

19-08-2008 Views

Hi friends, As it was discussed yesterday,Nifty has come down to 4400 and has not rebounded from 4400 but gone below. Now it has to be seen if Nifty rebounds from this level. IF it does not move up then 4332,4300,4200,4190 levels will be seen. IF the correction is sharp we may see 3800 also. IF Nifty goes above 4450 then we can see some up move. Visitors should be careful and take decisions as per their own judgement.Author is not responsible for any loss. Wish you a profitable trading.

18-08-2008 Views

Hi, Friends,Nifty has negated its upmove and some down side may be seen. But if nifty rebounds from4420,4400 level then it has to cross 4469and 4480 to show some upmove. IF it crosses 4524 and sustains at that level we can golong with 4430 as stoplossI and 4420 as stop lossII.Now Nifty is like a cat on the wall. Be watchfull and take your decision based upon your own judgement.THe author cannot be blamed for your losses. Wish you profitable trading.

08-08-2008 Views

Hi, Nifty is stuggling to go up . Nifty is coming down after touching the top in its secong trip up and coming down. If nifty goes goes below 4500 it will take support at4370 and may come up. If it fails to come up then it will slde to 4200.Below 4200,3850and 3800 is not ruled out.On upperside it has to cros 4600 to go up. If any decision is taken to trade based upon the above views it is taken at the trader's own risk. The author wishes all the best in the trading.

5-8-2008 Views

Hi, Due to other work at home I could not post my views for some time. From today I will post my views regularly. Nifty couldnot sustsin at high level and started reacting on 4-8-2008. Today Nifty may witness selling price and may touch 4230 first and further coming down it may even touch 4100. I have bought one 4100put. If the market goes above 4400 then resistance will be around 4500. Wish the readers a happy trading. Disclaimer: The author is not resposible for any loss due to any action taken based upon the views mentioned by him.

21-07-2008 Views

Hi, Closed at4092.25 and immediate sup 4073 below which4063and 4030 below which 3940, 3930. may bounce from3940,3930 region or from3800 region. If it materialises it will face resistance at 4157, then 4200. Major resistance will be above 4200 to 4400. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

15-07-2008 Views

Hi, On 14-07-2008 nifty touched 4004 in the first fiveminutes itself and started mooving up. it met resistance near 4114 at 4118 came down . It closed at 4040 . If nifty moves up above 4100 then nifty will go to 4200 level and get resisted there. Downside below 3995 it will go to 3800 and 3700. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

14-07-2008 Views

Hi, Nifty is at very important level. If nifty tests 4002 and 3989 and goes below there is chance for it to go down to 3800,3700 levels . If it rebounds from 3989 Nifty may moove up to4141 and 4200 levels. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

08-07-2008 Views

Hi, Nifty has to cross 4093 first and resistance then4140 level.we may get selling at this place . Today nifty will be up and down. After Prsident comes to capital thenonly the real political drama start. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

07-07-2008 Views

Hi, We are starting another week . Nifty closed above 4000. Now Nifty will have resistance at 4100 area and to sustain bullishness it has to pass above 4100. Else it will come down to 3950, 3700 and 3550 levels. The visiters are adviced to follow the trend since the political drama will affect the market very much. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

04-07-2008 Views

Hi, NIFTY went down to 3850 level(3875 was low)like it was pedicted for 3-7-2008.Nifty opened just2 points above the pevious close, 4093 and closed at3926 above yesterday's low and open.The world indices are mixed. If Asian markets are positive Nifty may show some strength. But everything will depend upon the political drama and the inflation figures which will be released today. If anyone had followed yesterday's sugestion it would have turned profitable. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

03-07-2008 Views

Hi, On 02-07-2008 NIFTY closed 196 points up. The recovery was V shaped and sharp. It is resting below 4100 at4093 which is low of June 25. The American and Europian indices are in red and at the time of this posting all important Asian indices are also in red(Indian time 8.15 A.M.). NIFTY has not bottomed out and it has resistance at 4140 level and if Nifty closes above this level convincingly it will touch 4300 level.Otherwise it will travel back to 3850 levels. 3800 put can be bought now and 4100 call can be bought when the market dips and the premium for 4100c is available at lower rates. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

1-7-2008 Views

Hi, Some more down side is expected .Nifty may go down to reach 3980 level and go down further to 3933.If NIFTY goes down further it may rebound from 3840.All stock levels are at low level and buying may emerge selectively. What ever may be we have not reached bottom. Upperside it will reach 4300 level with ease and face heavy resistance. If NIFTY survives the onslaught at this juncture and stays above 4300 NIFTY will reach 4400. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

30-06-2008 Views

Hi, Another week passed and new week started. The day after the June contract closing Nifty closed 136 points below the closing day figures. Last week we saw the resistance at 3200 level and then it met resistance near 4200(4217) and market tanked. The Nifty has closed near 4150 (4136) which is a support beyond which supports are 4100,4000. Below which if Bulls fail to take the market up Nifty will come down to 3500-3550 level.Before touching 3500 levels due to the bottom fishers who try to buy the stocks at lower level for long term investments will take the market up.Similarly some short covering may also make Nifty to move up. In this voltality people who short at lower levels will be hurt very badly. The author is of the view that traders should see that their positions should be properly hedged and no order should be with out proper stop loss. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

27-06-2008 Views

Hi, Nifty has closed above 4300 whis is a good sign for short term uptrend.This uptrend may go up to 4400 if 4300 level is protected by bulls and take a down ride .But before taking upward journey, profit booking will take Nifty to 4100,4000 levels. Lot of buying may emerge at these lower levels. I would buy 4400c and 4300 put and book profit when the investment is in the money. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

26-06-2008 Views

Hi, Today is the expiry day for June contracts. Since on 25-06-2008 NIFTY closed above 4250 we can see little uptrend . World indices are in green and Nfty may also follow . But we should not forget that down side target 4000 is still possible. Further down sidelevels will be 3500,3200,3000. Be alert. Follow the trend and make money. Be always ready to reverse your trade according to the trend. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

25-06-2008 Views

Hi, People who were sitting on side line are having a feeling that "oomph excaped" GOD's grace. Nifty showed some signs of technical bounce and due to the RBI action NIFTY couldnot sustain at higher level and came down tumbling. Nifty opened above 4260 and twice tried to cross above 4300. Failed and more shorts were increased and nifty closed at 4190. Nifty if sustains above4200 level some upperside can be seen upto 4300 level. If not it will see 4100 and 4000 levels. Some buying may emerge at 4000 level and below. Caution is required, better not traded today and tomorrow. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

23-06-2008 Views

Hi, This week is the expiry week for June contracts. Last week Nifty started off with positive note.But last two days it turned negative and finished very low. This week it will be very volatile and market will swing in bothways.Nifty may find 4300 level and below 4170. It may reverse upward from this level. You may call it technical bounce or dead cat bounce.But every rise is potential point to reverse down.Ultimate down side may be 3500 level. Readers who are on profits can set up long straddle with buying 4300call and 4300 put of JULY contract. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

20-06-2008 Views

Hi, Nifty yesterday took support at 4490 level and moved up. For more than three hours it stayed near 4490 to 5000 levels frustrating the day traders.Finaly Nifty closed at5004.25. Today if Nifty break 5000 levels upwards it will go near 5570 region and take rest. Bears will attack at this place and if they win Nifty will be dragged down to 4450 levels. If bulls manage to creat a swing upwards Nifty may reach 4700 level. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

19-06-2008 Views

Hi, Nifty on 18-06-2008 went to 4680 above which Nifty should have closed to follow the upward journey. The close yesterday ,4570.75 is above 4550 which is a good support. The political scene in India is in turmoil due to the Nuclear deal which the left party is opposing. The vital meeting has been postporned and these developments keep the market at tender hooks. The world markets are down and we also will face the effect though all technical analysis gyan points uptrend. If the market trades below 4536 there will be more down side and more new lows. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

18-06-2008 Views

Hi, On 17-06-2008 we had written that above 4550 Nifty has to close above 4682. Nifty made an attempt to surpass that level and finaly closed at 4662.My yesterday's views are not changed . Nifty has to take out 4682and 4690 levels with high volumes to reach higher levels. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

17-06-2008 Views

Hi, Nifty has moved up above 4550 and met resistance at 4600 level and closed at 4572on 16-6-2008.Now nifty has to close above 4682 and sustain at that level . Then only the NIFTY will move to 4700 levels. AT 4700 there will be lot of selling pressure. If NIFTY manages to close above 4700 on Friday heavy short covering will take place and nifty can see higher level 4900,5000 during this month's contract expiry week. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

16-6-2008 Views

Hi, Last week Nifty lost 110 points. But it gave a hope of closing above 4540 level above which NIFTY would travel high to reach 4700 level. In one year weekly chart it has formed a hammer ,that too a black one showing mildly bullish sentiment which definitely need confirmation. The NIFTY should not close below 4500 and if NIFTY closes above 4550 then NIFTY may touch 4700,4780 levels. NIFTY is very likely to reach 5000 if it withhold the selling pressure at 4700 levels. Readers will be better off by playing the market intraday since market is going to be very volatile. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

12-6-2008 Views

Hi, Nifty has closed above 4500 at 4535 . Today if NIFTY sustains above 4547,4557 there will upward movement otherwise NIFTY will come down to 4350. It touched 4541 as high point and reacted to make a low below the opening ,4468.05(O;4469.65). Today on 12-6-2008 NIFTY should not go below this point.In the event of Nifty travelling down this point again 4350 range will come to support and take Nifty above 4500. Now Nifty will have to show strenth above 4540 . While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

11-6-2008 Views

Hi, Like it was discussed on 10-6-2008 NIFTY came down below 4500 and made a low of4370.NIFTY then moved to 4449 and closed at that point. It was sugested that if NIFTY goes below 4350 level there will be more down side .Still that situation has not passed. Nifty may touch 4200 or below at 4150.Depending upon any market positive news the NIFTY may bounce from 4150 level which was formed during July2007. The present upward movement will sustain only if NIFTY close convincingly above 4500. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

10-06-2008 Views

Hi, On 9-6-2008 Nifty touched Jan08 lows and went below. Lot of buying emerged at that point and managed to close at 4500 which was a very good support point before and now a resitance.ON March 17th it closed at4503 and if Nifty trade below 4500 and unable to close above 4500 convincingly the Nifty will tank more. If Nifty goes down next strong support will be around 4350 that is August first week level.My inner feeling says if the traders buy 4500 call and 4500 put they stand to gain . While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

4-6-2008 Views

Hi, On 3-6-2008 the nifty closed at4720 which is a good support region as per long term chart. Nifty has to cross 4750 levels to reach 4860 which is a strong resistance. Below 4720 nifty can come down to 4630-4650 levels where good support exists and breaking which will drag the nifty to 4450 level which is the start of the mid term bullish trend. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.

Article posted at ICharts forum By Mr.Ramesh Raja

rameshraja Expert Posted: 23 Aug 2007 07:26 Post subject: Learn The Five Fatal Flaws of Trading -------------------------------------------------------------------------------- Read this Article from Jeffrey Kennedy Close to ninety percent of all traders lose money. We're not just talking about amateurs here, either. Whether you trade for a living or "for fun," chances are, you will not succeed. That's a sad, sobering fact. However, the remaining ten percent of traders somehow manage to either break even or even make money – and more importantly, do it consistently. How do they do that? That's an age-old question. Thousands of books have been written and countless seminars and interviews have been conducted in an attempt to answer it. To this day, no magic formula has been found. Still, we thought we'd take a shot at it in our weeklong series "Why Do Traders Lose?" Its author, Elliott Wave International's Futures Junctures Service editor Jeffrey Kennedy, has identified five fundamental flaws that, in his opinion, stop most traders from being consistently successful. We don't claim we've found The Holy Grail of trading here. But sometimes a single idea can change a person's life. Maybe you'll find one in this week's series? We sincerely hope so. The following was excerpted exclusively for The A.M. Trader readers from Jeffrey Kennedy’s highly popular Trader’s Classroom section of the just-published, May issue of Monthly Futures Junctures. "Why Do Traders Lose? "If you’ve been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn’t seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can’t seem to prevent that invisible hand from depleting your trading account funds. "Which brings us to the question: Why do traders lose? Or maybe we should ask, 'How do you stop the Hand?' Whether you are a seasoned professional or just thinking about opening your first trading account, the ability to stop the Hand is proportional to how well you understand and overcome the Five Fatal Flaws of trading. For each fatal flaw represents a finger on the invisible hand that wreaks havoc with your trading account. "Fatal Flaw No. 1 – Lack of Methodology "The first fatal flaw is a Lack of Methodology. If you aim to be a consistently successful trader, then you must have a defined trading methodology, which is simply a clear and concise way of looking at markets. Guessing or going by gut instinct won’t work over the long run. If you don’t have a defined trading methodology, then you don’t have a way to know what constitutes a buy or sell signal. Moreover, you can’t even consistently correctly identify the trend. "How to overcome this fatal flaw? Answer: Write down your methodology. Define in writing what your analytical tools are and, more importantly, how you use them. It doesn’t matter whether you use the Wave Principle, Point and Figure charts, Stochastics, RSI or a combination of all of the above. What does matter is that you actually take the effort to define it (i.e., what constitutes a buy, a sell, your trailing stop and instructions on exiting a position). And the best hint I can give you regarding developing a defined trading methodology is this: If you can’t fit it on the back of a business card, it’s probably too complicated. "Fatal Flaw No. 2 – Lack of Discipline "When you have clearly outlined and identified your trading methodology, then you must have the discipline to follow your system. A Lack of Discipline in this regard is the second fatal flaw. If the way you view a price chart or evaluate a potential trade setup is different from how you did it a month ago, then you have either not identified your methodology or you lack the discipline to follow the methodology you have identified. The formula for success is to consistently apply a proven methodology. So the best advice I can give you to overcome a lack of discipline is to define a trading methodology that works best for you and follow it religiously. "Fatal Flaw No. 3 – Unrealistic Expectations "Between you and me, nothing makes me angrier than those commercials that say something like, "...$5,000 properly positioned in Natural Gas can give you returns of over $40,000..." Advertisements like this are a disservice to the financial industry as a whole and end up costing uneducated investors a lot more than $5,000. In addition, they help to create the third fatal flaw: Unrealistic Expectations. "Yes, it is possible to experience above-average returns trading your own account. However, it’s difficult to do it without taking on above-average risk. So what is a realistic return to shoot for in your first year as a trader – 50%, 100%, 200%? Whoa, let’s rein in those unrealistic expectations. In my opinion, the goal for every trader their first year out should be not to lose money. In other words, shoot for a 0% return your first year. If you can manage that, then in year two, try to beat the Dow or the S&P. These goals may not be flashy but they are realistic, and if you can learn to live with them – and achieve them – you will fend off the Hand. "Fatal Flaw No. 4 – Lack of Patience "The fourth finger of the invisible hand that robs your trading account is Lack of Patience. I forget where, but I once read that markets trend only 20% of the time, and, from my experience, I would say that this is an accurate statement. So think about it, the other 80% of the time the markets are not trending in one clear direction. "That may explain why I believe that for any given time frame, there are only two or three really good trading opportunities. For example, if you’re a long-term trader, there are typically only two or three compelling tradable moves in a market during any given year. Similarly, if you are a short-term trader, there are only two or three high-quality trade setups in a given week. "All too often, because trading is inherently exciting (and anything involving money usually is exciting), it’s easy to feel like you’re missing the party if you don’t trade a lot. As a result, you start taking trade setups of lesser and lesser quality and begin to over-trade. "How do you overcome this lack of patience? The advice I have found to be most valuable is to remind yourself that every week, there is another trade-of-the-year. In other words, don’t worry about missing an opportunity today, because there will be another one tomorrow, next week and next month ... I promise. "I remember a line from a movie (either Sergeant York with Gary Cooper or The Patriot with Mel Gibson) in which one character gives advice to another on how to shoot a rifle: 'Aim small, miss small.' I offer the same advice in this new context. To aim small requires patience. So be patient, and you’ll miss small." "Fatal Flaw No. 5 – Lack of Money Management "The final fatal flaw to overcome as a trader is a Lack of Money Management, and this topic deserves more than just a few paragraphs, because money management encompasses risk/reward analysis, probability of success and failure, protective stops and so much more. Even so, I would like to address the subject of money management with a focus on risk as a function of portfolio size. "Now the big boys (i.e., the professional traders) tend to limit their risk on any given position to 1% - 3% of their portfolio. If we apply this rule to ourselves, then for every $5,000 we have in our trading account, we can risk only $50-$150 on any given trade. Stocks might be a little different, but a $50 stop in Corn, which is one point, is simply too tight a stop, especially when the 10-day average trading range in Corn recently has been more than 10 points. A more plausible stop might be five points or 10, in which case, depending on what percentage of your total portfolio you want to risk, you would need an account size between $15,000 and $50,000. "Simply put, I believe that many traders begin to trade either under-funded or without sufficient capital in their trading account to trade the markets they choose to trade. And that doesn’t even address the size that they trade (i.e., multiple contracts). "To overcome this fatal flaw, let me expand on the logic from the 'aim small, miss small' movie line. If you have a small trading account, then trade small. You can accomplish this by trading fewer contracts, or trading e-mini contracts or even stocks. Bottom line, on your way to becoming a consistently successful trader, you must realize that one key is longevity. If your risk on any given position is relatively small, then you can weather the rough spots. Conversely, if you risk 25% of your portfolio on each trade, after four consecutive losers, you’re out all together. "Break the Hand’s Grip "Trading successfully is not easy. It’s hard work ... damn hard. And if anyone leads you to believe otherwise, run the other way, and fast. But this hard work can be rewarding, above-average gains are possible and the sense of satisfaction one feels after a few nice trades is absolutely priceless. To get to that point, though, you must first break the fingers of the Hand that is holding you back and stealing money from your trading account. I can guarantee that if you attend to the five fatal flaws I’ve outlined, you won’t be caught red-handed stealing from your own account.

29-5-2008 Views

Hi, On 28-5-2008 nifty index formed low of4836 (same as 27-5-2008) and stated moving up after consolidating around 4860 nifty revisited 4836 regeon and started moving up. It faced resistence around 4900 and came down to 4880 and finaly closed above 4900 at4918. Today being expiry day for MAY derivative contracts the market will be very volatile. The readers of this post should be very alert in trading.While the author of this post is not resposible for the profit or loss incurred by the readers due to descision taken based on this post he wishes every one a very prosperous day.

26-5-2008 VIEWS

Hi, I did not post any views due to some domestic work. the market is poised at very important point. The world market indices are down . The crude price is high. The retail investors are quiet, sitting at the side lines. The Nifty cash closed at4946.55 for the week ending 23-5-2008. By which it has broken the channel and probability is high the nifty will go down further and find its support at 4910 region . If it breaks down further the touching of 4800 and subsequently 4500 is not ruled out. Next week, due to May month derivative expiry the market will be volatile. But the market is biased toward bears. On the upper side the nifty may go up to 5100-5150-5170-5200. Readers may be better off playing the market with proper hedging. The following links are worth visiting. 1.http://www.emarocks.com/ 2.http://www.nseindia.com/marketinfo/indices/indexwatch.jsp Happy trading.

24-4-2008 Views

Hi, For a long time I could not post any views .The Indian market was consolidating during the month of March and started making higher bottoms.Tomorrow is expiry day for April contract and the market will be very much volatile. I feel,on such days people new to trading should be on sideline. Tomorrow Nifty will face resistance around 5100 and take support at 5000level,below which it may take support at4950-4900. Below which it may touch 4700 level.But 24Th being the expiry day for April contract the market may behave in its own way since it is supreme. The views expressed here may be used for trading at own risk. The author of this note is noway responsible for any loss or profit.

19-2-2008 Views

Hi, Yesterday Indian markets were subdued and closed lower.NSE opened at the same levelas previous close and climbed to 5348.60 made low on profit booking and closed 0.49% lower.USA market was not there being holiday on Monday due to Presidents day our market on Tuesday may be subdued and more on consolidation.Only the budget hopes will lift the market. Wish you happy trading. NSE BSE Prev Close:5302.90 Prev Close:18115.25 Open :5304.45 Open :18228.21 High :5348.60 High :18256.82 Low :5224.00 LOw :17900.96 Close :5276.90 Close :18048.05 Change : -26 Change : -67.20

18-2-2008 Views

Hi, Last week Indian Market saw some uptrend,like we anticipated that Indian Market will take global market as a trend setter. Younger sion of Ambani family, Anil Ambani has anounced that RELIANCE POWER is considering a bonus issue for retail investers.Will it be a 1:1 or a different ratio only will be known next week which is February contract closing week as well as budget week. So the Indian Market is going to see some ephoria. Make hay when sun shines. Happy trading. NSE Prev close:5202.00 Open :5202.85 High :5315.40 Low :5104.75 Close :5302.90

14-2-2008 views

Today NSE market opened with gapup and slowly went up and the index closed at5202This is justabove the 200DMA.with5.53% raise. Will the market be bullish upto budget ornot ?Most likely the market will open down and go up . So be watchfull for the first hour and enter with stop loss.My gutfeeling is the market will follow the DOW. Wish you all happy trading. NSE Prv close:4929.45 OPen :4944.65 High :5220.25 Low :4944.65 Close :5202.00

12-2-2008 Views

Tuesday, February 12, 2008 12-2-2008 Views Dear friends,After a long time i am posting in this blog.The share market corrected and they are in bears hands.When will the bulls take upper hand. Only the market makers can say. In the mean time the retail investers can be happy by not daytrading. They can buy good value shares at very low rates ( we cannot say the market has bottomed out and so we should buy only very small quantities).Another option , we can buy niftybees at regular intervals whenever market goes down and carry them for the market to find new historical high.May GOD bless the new inexperienced traders.Market levels at EOD . NSE: PrevClose Open High Low Close 4857.00 4877.85 4949.60 4820.45 4838.25