Today's Trades

"I will be disciplined every day, and in every trade."

Nifty outlook is bullish

The market sentiment was bearish during the week gone by and the Nifty closed in the red on all trading sessions of the week. The fall was triggered by a slide in the banking sector. The public sector banks took a knock which played a key role in keeping the frontline indices in the red. Technically, the outlook for the Nifty remains bullish. From a medium-term perspective, only a breach of the swing low at 5,700 would damage the bullish set-up. From a short-term perspective, a fall below minor support at 6,078 would be a sign that the index is in the midst of a deeper downward correction. Below 6,078, the Nifty could slide to the major support at 5,750-5,800. From a trading perspective, short positions may be considered with a stop loss above the recent high, for a target of 5,800.( Note: All the levels mentioned here are of nifty spot)

RANGE BOUND MARKET

Nifty

1. Bought @ 6220. Went up to 6236.(+16)



Banknifty

1. Bought @ 10823. Went up to 10883.(+60)


Probability is the name of the Game.

SLEEPY MARKET

Nifty

1. Sold @ 6204. Low made 6186 . (+18)
2. Bought @ 6206. High made 6221 . (+15)


Banknifty

1. Sold @ 10790. Low made 10734. (+56)
2. Bought @ 10839. Exited at 10872. (+33)
3. Sold @ 10832. Fell down to 10783. (+49)
4. Bought @ 10847. Went up to 10890. (+43)


"A year from now you may wish you had started today"

Karen Lamb

NIFTY REVERSAL DAY

The present rally in nifty may end on or before Nov 3rd. Most probably the reversal day is on Nov 1st.
Target 1: 6342 Target 2: 6544.....One can short 6500 Nov call option on reversal day.

So-So

Nifty

1. Bought @ 6116. Went up to 6138.(+22)
2. Sold @ 6116. Low made 6095. (+21)
3. Bought @ 6117. High made 6121. (-13)
4. Sold @ 6104. Low made 6100. (-14)
5. Bought @ 6118. Went up to 6121. (-12)
6. Sold @ 6106. Low made 6063. (+45)


Banknifty

1. Bought @ 10395. Went up to 10414.(-15)
2. Sold @ 10380. Low made 10314. (+66)
3. Bought @ 10389. High made 10413. (-29)
4. Sold @ 10360. Fell down to 10296. (+64)
5. Bought @ 10372. Went up to 10462. (+90)


PREDICT YOU PERISH; FOLLOW YOU FLOURISH

YET AGAIN WE DID IT!

Nifty

1. Sold @ 6162. Low made 6078 . (+84)
2. Bought @ 6100. High made 6123 . (+23)
3. Sold @ 6113. Low made 6107 . (-9)
4. Bought @ 6122. Went up to 6148. (+26)
5. Sold @ 6137. Low made 6102. (+35)


Banknifty

1. Sold @ 10691. Low made 10445. (+246)
2. Bought @ 10540. High made 10582. (+42)
3. Sold @ 10543. Fell down to 10492. (+51)
4. Bought @ 10538. Went up to 10594. (+56)
5. Sold @ 10560. Fell down to 10533.(+27)
6. Bought @ 10562. High made 10612. (+50)
7. Sold @ 10550. Low made 10385. (+165)

The stock market to me was like a video game. When it went off, it was like turning the game off. It wasn't something I'd think about until I'd turn the machine on again.
Read more at http://www.brainyquote.com/quotes/keywords/stock_market.html#EYHMj7sYpqTTBKOk.99

PLENTY OF TRADES

Nifty

1. Bought @ 6127. Went up to 6148.(+21)
2. Sold @ 6132. Low made 6128. (-6)
3. Bought @ 6138. High made 6147. (0)
4. Sold @ 6138. Fell down to 6113. (+25)
5. Bought @ 6129. Went up to 6154. (+25)


Banknifty

1. Bought @ 10668. Went up to 10750.(+82)
2. Sold @ 10705. Low made 10673. (+32)
3. Bought @ 10734. High made 10756. (+22)
4. Sold @ 10707. Fell down to 10606. (+101)
5. Bought @ 10660. Went up to 10730. (+70)
6. Sold @ 10694. Fell down to 10662.(+32)
7. Bought @ 10698. High made 10756. (+58)
8. Sold @ 10712. Low made 10671. (+41)

Today's Trades

Nifty  

1. Sold @ 6101. Fell down to 6072. ( +29)
2. Bought  @ 6103. Went up to 6131. (+28)
3. Sold @ 6117. Fell down to 6092. (+25)
4. Bought  @ 6114. Went up to 6143. (+29)

Banknifty

1. Sold  @ 10406...Low made 10357. (+49)
2. Bought  @ 10433....High made 10657. (+224)
3. Sold @ 10605....Low made 10532. (+73)
4. Bought @ 10612...High made 10661. (+49)
5. Sold @ 10585...Low made 10566. (+19)
6. Bought @ 10653....High made 10708. (+55)


Markets test patience and reward conviction.

Nifty over 4 months high

"One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world."

Atlast it expired! Lackluster Month

1. Sell Nifty @ 5902. Collapsed to 5867.20.


"If you must play, decide on three things at the start: the rules of the game, the stakes, and the quitting time." Chinese proverb

A ray of hope

1. Bought @ 5872. Went upto 5926.


"Without involvement there is no commitment"

RBI POLICY NO CHANGES IN KEY RATES

1. Sold @ 5883. Instant collapse to 5838.05. 
2. Bought @ 5889. Rose like a Phoenix to 5950.


“The phoenix hope, can wing her way through the desert skies, and still defying fortune's spite; revive from ashes and rise.”

Flag Pattern Breakout

1. Nifty Bought @ 5342. Exited @ 5372. A neat profit of +30 points.

"Day Trading is a LONELY GAME"

Ooh La La

Did it again!

"Money can't buy happiness But I'd rather cry in a Ferrari"

Blasted!

" Boldness seems to create good luck "

The Name of the Game is Money

"He who knows not what he risks, risks all."

Good Show

"Operations for profit should be based not on optimism but on arithmetic"

Back with a Bang

"Trades based on plain Bar charts and Candlestick charts are more profitable than trades done using complicated trading softwares."

Nothing much to boast off

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Today NR7 pattern has formed in nifty future. Tomorrow cross above 5063 it will shoot up like a rocket and break below 5034 it will collapse.

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"Some of our best trades are when we are sitting on our hands doing nothing."

Time for Celebration

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"If a person will spend one hour a day on the same subject for five years, that person will be an expert on that subject"

Good opening for the week

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"Forget the news. Remember the charts"

Rocking profits as usual

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"Achieving your financial goals has practically nothing to do with luck, in stock market."

Flat market

"The art of speculation requires one part observation tossed together with one rather large dose of preservation"

Out of the Trap!

"A vague plan leads to vague results"

"Nothing happens until it happens. Stop predicting the future"

Trapped!

"My future is created today, not tomorrow"

Profit pouring

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 "The market has spoken: Were you listening? That should be a mantra for every trader or investor."

Nifty-The Minting Machine

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"Because it's where the money is."

Good Start to 2012

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"I study winning traders, not winning systems."

Only gain, Come Rain or shine

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"Don't let your learning lead to knowledge. Let your learning lead to action."

Santa gift

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"You'll be more profitable if you don't know what comes next"

Merry Christmas

Good profits even in dull market!

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"The vast majority of the profits come from small profits in huge positions ."

Unstoppable Profits

1. Buy Signal @ 4686. Didn't move up at all . (-17 points)
2. Sell Signal @  4669. Fell down to 4640. (+29 points)
3. Buy Signal @ 4671. Went up to 4758. (+87 points)


Total : +99 points 


"If the market is not confirming your opinion, lose your opinion and listen to the market."

Making Profit has become a habit

1. Buy Signal @ 4641. Went up to 4660. (+19 points)
2. Sell Signal @  4637. Fell down to 4618. (+19 points)
3. Buy Signal @ 4641. Went up to 4725. (+84 points)


Total : +122 points 


"When you have a position, you put it on for a reason, and you've to keep it until the reason no longer exists"      - Richard Dennis




 

1. Sell Signal @  4616. Fell down to 4587. (+29 points)
2. Buy Signal @ 4608. Went up to 4619. (+11 points)
3. Sell Signal @  4600. Fell down to 4564. (+36 points)
4. Buy Signal @ 4585. Went up to 4631.75. (+46 points)
5. Sell Signal @  4606. Fell down to 4538. (+68 points)


Total +190 points.

Buy Signal @ 4584. Went up to  4634.40. (+50 points)

" Live until you Die"

Nifty stoned to death. Thank you Mr. Subba Rao!

1. Sell Signal @ 4811. Fell down to 4777. (+34 points)
2. Buy Signal @ 4812. Went up to 4839. (+27 points)
3. Sell Signal @ 4812. Fell down to 4625. (+187 points)

Open  4,774.90
High  4,839.90
Low   4,624.50
Close 4,643.15


" Bull markets are aberrations. All markets are inherently bearish."

Nifty revisits Sub-4700 level

Buy Signal @ 4699. Went up to 4784. (+85 points)

Open  4,729.00 
High  4,784.00 
Low   4,671.10 
Close 4,757.40
 

"Just as a farmer must know the optimal time to plant and harvest a crop, the trader must know the optimal time to buy and sell a position."

The Mummy Returns

1. Sold @ 4674. Fell down to 4633. (+41 points)
2. Bought @ 4671. Went up to 4703. (+32 points)
3. Sold @ 4667. Fell down to 4659. ( +8 points )
4. Bought @ 4699. Went up to 4768. ( +69 points)


Total: +150 points

"To succeed in trading you need both confidence and caution"

Today's Trades (Click on the image to enlarge)

"Respond intelligently even to unintelligent treatment"

                                                                    - Lao tzu ( 6 AD Founder of Taoism )

Weak European Cues

Today's Trades (Click on the image to enlarge)

"Holding onto anger is like grasping a hot coal with the intent of throwing it at someone else; You are the one getting burned"   - Gautama Buddha (563-483 BC)

Nifty Struggling to cross 5400

Today's Trades (Click on the image to enlarge)

"The greatest battles of life are fought out daily in the silent chambers of the Soul."

1. Booked full profit at 5006 Bought yesterday at 4895. (+111 points)




"Our self-talk is our self-coaching"

1. On Thursday Bought @ 4866 and covered @ 4888. (+22 points)
2. On Friday Sold @ 4840 and booked profits @ 4821. (+19 points)
3. Today Bought @ 4895 booked partial profits @ 4940. (+45 points)


"The Pathway to more consistent profits is record keeping."

1. Buy Signal @ 4944. Went up to 4961. (+17 points)
2. Sell Signal @ 4934. Fell down to 4894. (+40 points)
2. Buy Signal @ 4913. Went up to 4933. (+20 points)
3. Sell Signal @ 4914. Fell down to 4868. (+46 points)


"I have no special talents. I am only passionately curious."  - Albert Einstein

1. Sell Signal @ 4909. Fell down to 4865.10. (+43 points)
2. Buy Signal @ 4889. Went up to 4973.20. (+84 points)
3. Sell Signal @ 4950. Fell down to 4926. (+24 points)



"What are the three best market indicators?
In order they are:

1. Price

2. Price

3. Price"

1. Sell Signal @ 4850. Fell down to 4824. (+26 points)
2. Buy Signal @ 4838. Went up to 4921. (+83 points)

Total Gain: +109 points

"Trading aggressively following losses in an attempt to get our money back all at once is called Revenge Trading."

Wkly Tech Analysis: Nifty placed in a strong support zone The markets registered heavy losses in the holiday-shortened week amid rout in equities across the globe. The US economy seems to be headed towards another recession, and fears of defaults in the Euro zone loom larger than ever before. Sentiment also soured due to the popular fight against corruption, which, many fear, may lead to a slowdown in foreign inflows. The NSE Nifty tumbled 336 points, from a high of 5,132 to a low of 4,796. The index ended at 4,846, with a loss of 227 points. One can see the resistance moving lower on the Nifty daily charts, if one draws a trend line from its recent high of 5,702 on July 26. The immediate resistance for the Nifty is now placed around 4,950. The index needs to break through this downward trend line to show any sign of consolidation or recovery. The markets have been in a downward spiral for the last ten months, which is precisely the time they took during the 2008 correction. Secondly, the index is now close to its extremely strong support level of 4,835, on the weekly and the monthly charts. The Fibonacci time-wise and value-wise targets, however, indicate a major bottom somewhere in the next 11 months. According to the time-wise theory, the next bottom will register around the 21st month, starting November 2010. This indicates a period between June to August, 2012. Similarly, according to the value-wise theory, we should get to a downside target of around 13,400-odd levels on the Sensex, and 4,000-odd levels on the Nifty. Hence, it would be interesting to see whether the Nifty can sustain around the 4,800 levels, and for how long.

1. Sell Signal @ 5473. Fell down to 5453. ( +20 points )

2. Buy Signal @ 5477. Didn't move up at all. ( -23 points )

3. Sell Signal @ 5454. Fell down to 5433. ( +21 points )

4. Buy Signal @ 5450. Went up to 5473. ( +23 points ) 

"There are no shortcuts to anyplace worth going"

1. Sell Signal at 5533. Fell down to 5488. (+45 points)
2. Buy Signal @ 5515. Went up to 5540. (+25 points)

Total Gain: +70 points 


"Every market inhales and exhales"

1.Nifty made a low at 5518.25. So yesterday's sell signal yielded another +35 points.
2.Buy Signal @ 5549. Position carried forward.

"If you're not spending as much time on trading outside formal market hours as during them, trading is probably not your calling."

RBI hosts Bear Party

 Sell Signal @ 5666. Fell down to 5555.55. (+111 points)

"Every once in a while, the market does something so stupid it takes your breath away."

1. Nifty bought on 01/07/2011 @ 5643 went up to 5751.60 today. (+108 points)

"Find at least one person to whom you are accountable  for your development as a trader"

I am back

1. Today we got a Sell Signal @ 5660. Fell down to 5616. (+44 points)
2. Buy Signal @ 5643. Position carried forward.


"The best trading opportunities come after the retracement of the first leg"

1. Sell Signal @ 5488. Fell down to 5438.15.(+49 points)

"Trading Stocks is simple mathematics 2+2= 4

but our greed makes it 5 and our panic makes it 3."

1. Yesterday's Buy Signal @ 5487 yielded +24 points.
      Nifty went up to 5511.

"You will be more profitable if you don't  know what comes next."

1. Yesterday's Buy Signal @ 5535 didn't move up at all.(-33 points)
2. Today Sell Signal @ 5502. Fell down to 5450.25. (+51 points)
3. Buy Signal @ 5487. Position carried forward.

"Don't let your learning lead to knowledge. Let your learning lead to action."

1. Buy Signal which came on 06th @5525 went up to 5577 and gave additional +31 points.
2. Sell Signal yesterday @ 5522 fell down to 5493. (+29 points)
3. Buy Signal Today @ 5535. Position carried forward.

    Total Gain: +60 points

"Readers are Leaders". I am a "Book-a -holic". I simply love books and reading.