Tuesday, September 28, 2010
Friday, September 24, 2010
Thursday, September 23, 2010
So after quite a run up Nifty somehow satisfied the bears, at least provided a sigh of relief. During this strong upmove I met and talk with some traders, while some of them are friends of mine. One thing is being proved time and again, there are very little room for traders to think emotionally. The entire run up from 5350 to 6050 (massive 700 pts) was proved to be much larger because the mass was not at all expecting this. Very sorry to say but 95% of the retailers were/are short on the market, and I simply don't know the reason. Enabling comment moderation in my blog has proved to be lucky for few as they were continuously posting the bearish views, and I am sure enabling comment moderation has done good for them and their blog :-) . Sorry for sounding sarcastic, but that's the way it is. Stop spamming with your blog link. Please.
Most of the retailers have shorted the rally, or somehow missed it by shorting in the lower zone, and resulted in such severe rally. Being biased wont help in this market. Hope some traders including "bears" have gained good points in last few days tracking the view posted on my blog. Resistance given @ 5045/50 and support @ 5970 (day before last session) and 5950 have worked wonderfully well. One could have taken at least few trades successfully. Now talking about the market, 6045/50 has proved as a quite a tough resistance for the bulls, which has caused some trouble to the bulls, at least for intra day. Nifty support stays @ 5950/35-5910/05. Even it can go as deep as 5885 without harming the bullish sentiment. So as the intra move is being met with the correction/profit taking, both way trades are possible.
Wednesday, September 22, 2010
Intraday level worked great for the day. Given 6045/50 and 5970 worked almost exactly the same way (high5046-low5971).Please go through the charts thoroughly, will get to know the points I tried to emphasize. Trend up still, no second thought. But 6050 proved to be a heavy zone for intra.
Supports: 5970 remains the same. Below that 5950/35-5910/05. Later is the very strong support zone. Buy can emerge big time. At least for intra. Exact projection with the help of FIB will help you to take the trade with minimum stop loss.
Resistances: 6030/35 pivotal for intra. Though it will get tested @ 6045/50 again. In case of a big BO above that level, it can target 6090-6130-6180 as showed on the chart. Safe trading.
Tuesday, September 21, 2010
JUST A CLASSIC EXAMPLE OF TRENDLINES ON
THE PRICE CHART. KEEP IT SIMPLE RATHER MAKING
IT MORE COMPLICATED. ITS A CLEAR UPTREND GRADUALLY
INCREASING ITS SPEED EVERYDAY (TL INCLINATION). INTRA SUPPORT @ 5970-5935 (BUYING ZONE). MAIN SUPPORT 5850-5820. 6020 WAS DISCUSSED AS THE TARGET ON PREVIOUS FEW POSTS, AND WE ARE ON THE VERGE OF MEETING THAT.ABOVE THAT A
WHOLE NEW COUNT MAY EMERGE.A BREAK ABOVE 6045/50
WILL CONFIRM IT. SO FOR THE DAY RESISTANCE LIES @ 6015/20-6045/50.
BE BULLISH BUT A BIT CAUTIOUS IF 6020 IS NOT CROSSED
CONVINCINGLY. DON'T MISS TO TRAIL YOUR LONG WITH S/L.
THE PRICE CHART. KEEP IT SIMPLE RATHER MAKING
IT MORE COMPLICATED. ITS A CLEAR UPTREND GRADUALLY
INCREASING ITS SPEED EVERYDAY (TL INCLINATION). INTRA SUPPORT @ 5970-5935 (BUYING ZONE). MAIN SUPPORT 5850-5820. 6020 WAS DISCUSSED AS THE TARGET ON PREVIOUS FEW POSTS, AND WE ARE ON THE VERGE OF MEETING THAT.ABOVE THAT A
WHOLE NEW COUNT MAY EMERGE.A BREAK ABOVE 6045/50
WILL CONFIRM IT. SO FOR THE DAY RESISTANCE LIES @ 6015/20-6045/50.
BE BULLISH BUT A BIT CAUTIOUS IF 6020 IS NOT CROSSED
CONVINCINGLY. DON'T MISS TO TRAIL YOUR LONG WITH S/L.
Thursday, September 16, 2010
CHANNEL BOUNDARY.
TREND STILL UP AND STRONG. BELOW 5835
INTRA MAY GET BIT WEAK AND TRY FOR 5810-5770,
WHICH ARE THE MOST IMPORTANT BUYING ZONE.
UPSIDE STILL INTACT UP TO 6010 ZONE.
INTERMEDIATE RESISTANCES 5910/20-5960.
Tuesday, September 14, 2010
Monday, September 13, 2010
Sunday, September 12, 2010
Intraday & Short Term Cash Calls are started. All the details and contacts are given in the link. Click HERE to know about the services provided. Below are the few CASH recommendations/calls given to the clients in recent days.
RJL: Rec @ 75..Holding (High made 85)
Ganesh Housing: Rec@205.. Booked @ 220
Ambuja: Rec @ 110.. Booked @ 128
Andhra Bk: Rec @ 135.. Booked @ 160
RIL: Rec @ 950.. Holding (cmp 957)
BPCL: Positional call given @ 490.. cmp (750)
Tisco: Rec @ 498.. holding (cmp 593)... and more.
Wednesday, September 8, 2010
5640-5660 IS THE PROBABLE TARGET NOW, WHERE IT CAN WITNESS SOME
PROFIT BOOKING, OTHERWISE UPTREND IS LIVE AND KICKING, LEAVING NO
ROOMS FOR BEARS.
PROFIT BOOKING, OTHERWISE UPTREND IS LIVE AND KICKING, LEAVING NO
ROOMS FOR BEARS.
SUPPORT PLACED @ 5530-5515/10 ZONE.
BUY ON DIPS AS THE PROBABLE TARGETS
5640-60 ARE YET TO COME.
BUY ON DIPS AS THE PROBABLE TARGETS
5640-60 ARE YET TO COME.
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