Market View 24/12/2012 12:55pm

Market has given the correction and again making its base for new rally.
Until market is able to break the major resistances 5950 - 5970 with
higher volumes, market would be range bound between 5800 - 6000.

If it breaks any of this range, then you could see some fireworks on
either side. Overall bias is still positive and 5800 - 5830 will act as
immediate support for the market.

Todays stock pick:
Buy TCS @ 1265 - 1270
Stop Loss - 1200 (closing basis)
Target - 1280, 1295, 1320, 1350, 1400
Duration - 1 month

Market View 21/12/12 11:50am

Market is is Bullish mode and all dips are opportunity to BUY only.

Todays correction is a very good opportunity to buy.

You can BUY Nifty @ 5880
SL - 5800 (closing basis)
Target - 5920, 5950, 5970, 6000, 6050, 6150
Duration - 10-15 days

Buy Bank Nifty @ 12400
SL - 12100 (closing basis)
Target - 12500, 12600, 12750, 12900, 13000
Duration - 10 to 15 days

Market view 19/12/2012 12:30pm

As mentioned earlier, market is in clear upmove.

You can buy Nifty and Bank Nifty today also for intraday or positional.

Now it is trading around 5948, 12540

You can keep days low as Stop loss

And keep for target of 6000 - 6030 target for 2-3 days.

Bank Nifty can move upto 12700 - 12800

Market View 18/12/12 11:50am

Market surprised by NO CRR, NO Rate Cut.

But still market is bullish, you can take long positions and
our targets can still be seen.

Market View 18/12/2012 10:40am

Market has corrected last week and now it is at a very good level.

Today is RBI policy and the market is preparing itself for it.

According to the market momentum, it is going up only.

Rate cut is very much unlikely but there could be CRR cut which
can happen. If Repo rate cut would happen, market can even break
6000 levels.

Buy Nifty @ 5895
Stop Loss - 5865
Target - 5930, 5970, 6000

Market view for 17/12/12

Market has been in highly consolidating mode and it is better to avoid
trading for some time till the range is broken since the volatility is
very high and stop losses are hitting.

5838 is now acting as immediate support and 5965 is our immediate
resistance. Tomorrow is the weekly closing and this would indicate
how market wants to move.

There is lot of speculative trades happening and we may get into trap
either way. So it would be better to be cautious.

Bank Nifty is looking stronger and Nifty is looking weak. Though
weakness is clearly visible, index management and multiple supports are
preventing it to come down. Market may either correct upto 5800 or 5730
or it may even break 5965 resistance and make new highs.

The direction of the market, though is up it is not getting enough momentum
and hence wait and watch. Be cautious and keep positions low.

Our NMDC call has hit stop loss and come to BUY mode. You can BUY
NMDC with Stop loss below 150 (closing basis), for target of 164, 170,
176, 195.

You can also BUY Bharti Airtel @ 310 - 314
Stop Loss - 307 (closing basis)
Target - 317, 324, 328, 340
Duration - 1 month

Market View 11/12/12

Market has been consolidating and would give a breakout on upside
and you could see market moving towards the 6000 mark.

Bank Nifty is looking stronger than Nifty and likely to hit higher than
Nifty and can soon move towards 13,000 mark.

For tomorrow in this strong market, we have a SELL call on NMDC.

Sell NMDC around 152 - 154
Stop Loss - 157 (Intraday); 163 (Positional)
Target - 150, 146, 142, 140, 136

Duration - 1 week

Market View 7/12/2012

Market sentiment is anyway positive. Since 5950 is channel breakout and
6000 is psychological resistance, there could be volatile movements. But
all corrections are only opportunity to BUY.

Next short term target will be 6150. There can be a correction expected in
between these levels. You can build long positions with 5800 (spot levels)
as stop loss.

Do not jump to BUY at open, see how market will move for first 15 mins
and then you could buy. There may be small correction during open or
after it moves above 5950. You will get better rates.

Market view 6/12/2012 4pm

You can see the way nifty has moved from the levels we recommended you to buy.
Nifty now can easily test 6030 - 6050 tomorrow or monday.

It is good to be on long side only. Do not short in this market.

Bank Nifty has also been moving much higher and can also make new highs.

If you look at the levels where we have recommended you, you would be making
Rs.5,000/- per lot in both Nifty and Bank Nifty.

Happy Trading :)

Market view 6/12/2012 10:20 am

Market has discounted FDI in retail and you could see profit booking.
This is good for the market. If any of you had long position, hold on
to the long and add more positions at 5850-5860 (spot levels).

You can see all our stock picks are performing really well.

Market view 6/12/2012

Market is in clear break out and you can expect 100 points move on nifty today.
Nifty will open with a gap of 30 - 50 points in the open itself.

You can buy Nifty and Bank Nifty at the open itself and cover them at 6000 on
spot levels. Market can test 6030 - 6050 levels also. You need to trade with
strict stop loss and take profits appropriately.

6000 - 6050 will be important resistance and correction may come till 5850 - 5900.
Once the correction comes, it will give you opportunity to buy again.

Looking at the current pattern market is making, we don't see it surprising if
market test lifetime high of 6350 also in december.

Even Bank Nifty is very strong, you can look for 12,500 levels on spot for
profit booking.

Market View 5/12/2012 8:50am

You can see that market was consolidating for last 2 days and now you can see breakout on the positive side. Market might open today above 5900. If it sustains 5900 for first 2 hours, you could see market move upto 5950.

Support: 5830 - 5850

Resistance : 5920 - 5950

If market fails to make high, then there could be sideways consolidation again. Market can continue its upward momentum according to me.

Tata Chemicals Update 4/12/2012 12:15pm

Tata Chemicals is rocking. People who bought Tata Chemicals at the rate
we had asked them to buy, you would have earned Rs.30,000/- by now.

There is only buying and no selling in this counter and the volumes are
growing like anything. It is looking that all our targets will achieve today
itself.

Enjoy :)

JSW Energy Update 4/12/2012 11:30am

JSW Energy has come down, do not enter at this levels.

Only if it moves above 65.8 to 66, which is our levels, then
only enter the stock. Aggressive traders can enter once it
starts moving above 65.6.

If it fails to do that, then do not enter JSW Energy for intraday.
Long term traders can take positions at lower levels.

Stock Pick 4/12/2012 10am

As we have mentioned, market is giving a lot of opportunity to make money
on long side only.

As i mentioned M&M, HDFC Bank and Tata Steel are consolidating.
JP associates has hit most of our targets, now enter only after it breaks 102 decisively,
you can see again some sideways momentum there.

Tata Chemicals and Exide industries are seeing a lot of upward momentum.
Tata Chemicals has nearly touched 350 today in the morning and volumes are
quite encouraging.

BUY JSW Enegergy @ 65.8 to 66 (December Futures)

SL - 64 (closing basis)

Target - 68, 70, 74, 76, 80

Duration - 1 week

Market View 4/12/2012

Market is in consolidation mode. The overall market breadth,
market is giving a buying opportunity. The market may be
range bound and stock specific action can be seen in many
counters.

You could have seen our stock picks and they have been
super hit. All dips are giving buying opportunity until market
breaks 5750 (spot level). Do not short and get caught.

Support - 5830 - 5850
Resistance - 5920 - 5950

Market Update 3/12/2012 3pm

Market has gone to consolidation mode and become stock specific again.

As we have explained you earlier, all the downfall upto 5750, you should
only use it for buying. Do not be short in this market.

M&M volumes have not picked up, so there could be still consolidation.
Short term traders can book profits and wait for a dip.

Exide and Tata chemicals have seem breakout with higher volumes and hence
we can hold these stocks for higher targets.

Tata Steel is having upward momentum and consolidating, you can trade
with positive bias.

HDFC Bank is also consolidating, though long term stock has upward momentum,
it may not give very big moves and hence all short term traders can exit from their
long positions around 700-705.

Tata Chemicals Update 3/12/2012 12:10pm

Tata Chemicals nearing the 3rd target. Net profit of
Rs.12,000/- from the level we have recommended.

Enjoy :)

Exide & Tata Chemicals Upodate 3/12/2012 11:56am

Tata Chemicals nearby to its 2nd target. Net profit of Rs.8,000/-

Exide Industries nearby to its 2nd target. Net Profit of Rs.6,000/-

Tata Steel and M&M are equally roaring. Keep in touch and make
HUGEEEEE MONEY with us. :)

Exide Update 3/12/2012 11am

Exide Industries 1st Target Achieved.

Rs.2,000/- profit :)

Tata Chemicals has taken support and started its momentum, now the momentum looks quite strong.

Tata Steel has been giving very strong momentum as i had told you after 380, it will move higher faster. It can easily touch 403. Between 400 - 420, it may consolidate and after that you can see move upto 470 easily.

M&M has been trading near 960, this stock was recommended at 916 levels. Now from here again you can see targets of 980, 1000.

HDFC Bank is consolidating and it can be range bound for some time between 680 - 700. If anyone has not booked profits, you can do that around 700. Long term investors can still hold.

Market View 3/12/2012 8:45am

If you look at friday market, it continued the upward momentum and our Tata Steel, Tata Chemicals, HDFC Bank, M&M all have hit their targets.

Today's Support - 5830 - 5850
Resistance - 5920 - 5950

All dips will give opportunity to BUY. Do not Short in this market, momentum is quite strong.

Today if M&M breaks 960 level on spot, you can see again good momentum.

Todays Stock Pick, BUY Exide @ 140 - 142
Stop Loss - 136 (closing basis)
Target - 144, 146, 150, 160, 180

Duration - 1 to 3 months

Happy Trading :)

Stock View 30/11/12 10:15am

Market has opened again with a gap and has shown a small correction. All the correction here is good only to BUY. Market has been waiting for the GDP figure and it is any way discounted as of now. If GDP is shown less than 5, there could be a small correction but it will immediately recover from there.

Immediate Support - 5815 to 5830

Medium term Support - 5750

Long term Support - 5550

There are multiple supports and hence we can stay long.

BUY Tata Chemicals @ 326 - 328 (December Futures)

Stop Loss - 320 (closing basis)

Target - 330, 334, 340, 360, 380, 400

Duration - 1 to 3 months

Market view 30/11/2012

After 2 days of continuous buying, yesterday market has broken the major resistance of 5815 with high volumes and now clearly showing the direction of the market to be upwards. The downside risk now is limited to 5750 and upside can be upto 6000.

Now all the corrections will give opportunity to buy. Bank Nifty has also broken its important resistance of 11,750. Now the band of 11,800 - 12,000 is the major resistance area which has been decisively broken. Now holding the level above 12,000 will take Bank Nifty still higher.

You can see buying coming from all sectors and taking the market to fresh highs, which is very good for the market. 

JP Associates Update 29/11/2012 2:30pm

JP Associates 1st target hit, Rs.4,000/- profit.

Tata Steel has started consolidating at 380 levels. Now if it is not able to close above 380, then it is better to book profits and exit.

Market View 12:30 pm

Market has been seeing continuous buying and the momentum can continue.

Right now, the only resistance that is left out is 5815. Once it crosses it, market can easily test 5935 and then it can test 6000.

Bank Nifty can now test 12,000 and after that bank nifty can be very strong.

Tata Steel Update 29/11/2012 12:30 pm

Tata Steel has hit the 2nd target and is now becoming very strong. As i told you after it crosses 380, momemtum will become higher.

If you have entered at the levels we had advised you, you could have earned Rs.3,000/-

All the Best. :)

HDFC Bank Update 29/11/2012 11:54 am

HDFC Bank has achieved our 1st and 2nd targets and it is moving towards the 3rd and 4th targets.

If you had followed our advice, you would have earned more than 5,000 by now.

Tata Steel is also nearby to its 2nd target. Once it moves above 380, there will be very big move. So keep track on it.

Stock Picks 29/11/2012 11:40 am

Market is in clear upward direction and you can have long positions here.

All are December Future Prices
Buy JP Associates @ 94.5 - 95

SL - 94 (closing basis)

Target - 96, 98, 100

Duration - 1 to 3 days

Since lot size is 4000, stop loss has to be strict

Market View 29/11/2012 9:50am

Market has surprised all of us and broken all the resistances. Now market has broken the most important resistance which it was having problems to move above from last 2 months, which is very good for the market. If today, market continues its positive momentum and closes above 5730, it confirms that all the short term negativity is over for the time being and we can look out for fresh break out.

Now the main resistance which was a gap down at 5660 is a support where we have seen gap up opening. Now that will act as a immediate support and we can keep our long positions.

Bank Nifty has been trading at the major resistance around 11780. Now looking at the market move, even that will be broken, which is again positive for the market.

Market move above 5780 on expiry day is very surprising and this gives more confidence in the market. Since the volumes are good yesterday and continuous followup buying today, this is very much positive and we can expect market to test 6000 from here now. You can go long keeping stop loss at 5660 as stop loss.

Market View 27/11/2012 After market hours

As mentioned earlier, market has given good momentum once it was able to cross 5660. Today it has been able to hold 5700 and buying has come with good volume. If this sustains, then we can start seeing rally back in the market.

Most of the shorts have got covered and fresh buying has been seen today. Volumes are also quite good. We need to see how the market moves on the expiry day. If there is not much volatility on expiry day and there is upward movement, then in the month of december you will be able to see very good moves. So let us wait and watch.

Tata Steel Update 27/11/2012 11:45am

You can see that Tata Steel has completed the 1st target given yesterday and moving towards the 2nd one. Once it crosses 380, momentum will increase.

If the positive momentum continues, then you can see all the targets mentioned for a duration of 1 - 3 months.

Stock Pick 27/11/2012 11:25am

Buy HDFC Bank @ 680 - 682

Stop Loss - 674 (closing basis)

Target - 686, 690, 700, 720

Duration - 1 week

HDFC Bank is trading at its 52 week high and momentum can increase. 

Market View 27/11/2012 10:57am

Market is in the trading range as mentioned earlier of 5630 - 5720 and from the bottom it has come to the top of the band. This is also fibonacci retracement level for the downward movement we had seen from 5777 to 5548.

Now we need to see if the buy will continue for the day today. Since tomorrow is holiday and day after is expiry, we need to be very much cautious since we missed the bus in the early morning today.

Now the news about some policy reform can keep the momentum up. 

Market view 27/11/2012 9:55am

Market has come into very high optimism and given gap up at the same place we had gap down. So the gap has been filled and hence now bulls have taken the upper hand now.

All this upmove is due to the expectation that FDI in retail and other reform measures can see some positive reaction today. It is based on the rumours and market is showing optimism. We need to see that the volume is not much and watch with caution.

Now for intraday, market has to hold 5700, esle you may not see any major changes from here.

Market View 26/11/2012 2:50pm

As was mentioned in my earlier post, the bias as of now is positive but you cannot see any major moves till it crosses 5660.

You can see that Tata Steel was able to make high of 374.6 when i was telling you it is reaching our 1st target. Since expiry is near and rollovers are happening, you may not see any major move. But right now, it is looking quite positive and attractive at this valuations.

Intraday and short term traders can book profits. Long term investors can stay invested. Now the move will be decisive after it moves above 380-390.

Market is in wait and watch and hence either do not trade or trade very small quantities and better don't keep any positions on hold. 

Tata Steel Update 26/11/2012 12:30pm

Tata Steel has started giving upward momentum after the retracement and reaching our first target.

Now you can trail stop loss to 370 and hold the stock, intraday it can touch 380.

As i have mentioned earlier, medium term investors can hold this stock for short term target of 400 and above 420, it can test 470.

Take positions and profits as per your time horizon

Stock Tip 26/11/2012 10:00 am

Market momentum is looking quite positive for today as mentioned earlier. Now once market is able to move above 5660, momentum is going to become very much positive.

You can Buy Tata Steel today @ 370-372

SL - 366 (Closing Basis)

Target - 376, 380, 400

Duration - 1 to 3 days

The stock has corrected and given good upward momentum with gap up today and the stock has potential to move upto 470 if you can keep the stock for 1 to 3 months. So at this rate, the risk reward is favourable for buying. 

Market View 26/11/2012 9:30am

Market has given a positive move in the morning, and now the important resistance to watch for is 5650-5660. If the market trades above 5630 for 1 hour, we may see some good momentum upwards. But this is expiry week and lot of roll overs are going to happen and hence market will be quite volatile.

Since market has again come into the trading zone between 5630-5720. It may again starts trading with upward bias. The market is waiting for the results from parliament about reforms and if there are any improvements, then market will break the trading barrier with upward bias. Else all the upmove will get vanished.

Right now, market will not see any big upmove untill market breaks 5660 and it will not see any big down move until it breaks 5590. So the range bound is going to continue. Stock specific actions can be seen today and we may be able to trade today. Wait for our suggestions.

Doji Candle Stick Pattern

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Today let us discuss one more candle stick pattern. This pattern signifies that bulls and bears are fighting on the price and there is no winner. This usually happens in a consolidation phase and it signifies indecision in the market.

In case of Doji, the open price and the close price is same. This could also signify reversal of a trend in the market.

But to take trading decisions, you will also need confirmation of volumes and the significance is higher if this occurs at support or resistance areas.

If this pattern occurs in between the support or resistance, the significance may not be that important.

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There are many different kinds of Doji patterns and each have different importance. To understand more about technical analysis, use our paid services or email me at  nsebsestocktradingcalls@gmail.com


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Hammer & Inverted Hammer

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Yesterday we have discussed about the candle stick patterns. Today let us understand some of the most common candle stick patterns.

Let us discuss about Hammer first. Look at the pattern, you can see that the market participants had lost interest in buying and the market made low but at that point it has taken support and the market has bounced back quite significantly. This is a bullish pattern and market the next day is likely to remain bullish. The significance of this pattern can be seen if there is volume to also support the trend, then you can take long positions.

Inverted Hammer works exactly opposite to Hammer and it is a bearish pattern.

Candle stick pattern alone will not be helpful to take positions, you need to use it along with other parameters like volume and indicators to take wise trading decisions.

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Reading Candle Stick Chart Patterns

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One of the most effective way of reading charts is through the Japanese candle stick patterns. This is improved version of chart patterns compared to the bar chart or line chart.

The candle stick looks like this:

If you look at the candlestick, you will be able to see white candle,  you can see that market was bullish for the day. It opened low and closed high. The wicks show low and high for the day.

The Black candle signifies that market was bearish for the day. It opened high and closed low. The wicks show low and high for the day.



There are many patterns which have been discovered and the candle sticks helps us to study the market behavior. Using candle stick patterns is one of the important study that has to be done for technical analysis.

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Market View 23/11/2012 3:35pm

Market is consolidating and is not giving any clear directions again.

If you look at the levels to keep watch are 5590 and 5645. The entire week market has mainly traded in between this range and only after this is broken decisively you can see any big movement. Since the range of trade is getting narrower and narrower, let us keep our positions low and hold tight on our cash so that we can use it when there is a good opportunity.

Market View 23/11/2012 2:40pm

Market again has become directionless. The consolidation phase is continuing and it is not giving any clear indications. Our straddle strategy can be still used again to get the best of this volatile market.

During such volatile market, it is better to SELL CALL and SELL PUT rather than BUY CALL and BUY PUT. You will be able to see better movement there.

And let us wait for clear direction from the market. If market closes above 5600, it is good for the market. Closing below 5580 may act negative. So right now strategy should be wait and watch.

Market View 23/11/2012 12:45pm

As i have been telling you about my view on the market is bearish for short term.

Market has broken yesterday's low and even the important support of 5600. Now it will break 5580 and then the weakness can continue. If all the longs get unwind now, we can see even fresh shorts built and market can even break the most important support of 5550.

As long as market again does not go into consolidation, market looks quite bearish. And 5550 will act as important support in near term.

Market View 23/11/2012 11:00 am

As informed earlier, market is highly consolidating mode, all the stop losses will get triggered if we trade at this point of time. People who had done straddle, it is better to exit 5600 calls and hold their 5600 puts.

I would suggest not to trade until there is any clear indications. As long as market holds 5600, the market may show some upward signs but my view from the time market was trading at 5770 onwards is negative only. All our clients have made good profits by holding shorts at that level and exiting at 5550. Now we need to wait for next good opportunity.

Trading for 20-30, where our risk is also 20-30 points does not make any sense. So just wait for the right opportunity. Since today is weekly closing, there could be some big moves expected. But until market gives clear indications, it is not advisable to initiate any trade.

Take TRADING HOLIDAY until market direction is not clear. 

Market View 23/12/2012

Yesterday market has formed a pattern called "Doji" on candle sticks. This is a pattern which shows indecision in the market and it usually also gives reversal signals.

So it is important for us to be very cautious now. If now market fails to move up, then the fall could be quite significant.

5548 will be one of the major support for the market and
5660 will be acting as major resistance.

Now if market fails to go up, it shows that immediate short covering is over and fresh shorts may get added weakening the market further. At the same time, if market is able to break 5660, then market may create panic buying / short covering.

Need to wait for the right level and should avoid trading in this range and when the range is broken and direction is clear, we can take aggressive positions. Until then we can save money by not trading, since market will become very much volatile.

What is Moving Averages? What is their significance?

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This is one of the most primitive approach in case of Technical Analysis. This is still quite a effective approach when you are taking positions for swing trading.

The Moving Average would signify the strength or weakness of price movement over a period of time.
The easiest Moving Average which we will discuss today is "Simple Moving Average".

Depending on how many days of Moving Average you are looking for, it would signify the trend on short term, medium term or long term basis. Shorter the term, the trend will signify short term trend, and longer the term, it will signify the long term trend.

The normal practice is 20 DMA for short term trend.
50 DMA for medium term trend
200 DMA for long term trend

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Now let us understand how is it calculated.
20 DMA means the average of 20 days price movement
Every day, this will change. The last day's price is removed and the new days price is added.

For example, the last 20 days Index price (End of Day Closing) is say:
20 DMA = (5600+5630+5700+5730+5815+5774+5730+5650+5630+5690+5730+5815+5774+5730+5650+5630+5690+5630+5550+5570)/20

When the market starts trading above this price, then it signifies BULLISHNESS and when it trades below this price, it signifies BEARISHNESS.

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Market View 22/12/2012 3:40pm

Market has been highly consolidating and though it is trying to move higher, it is having very stiff resistance. My view is still negative on the market until market starts moving above 5660 with higher volumes.

Right now it would be better to keep our positions low and wait for the right opportunity. Market is highly volatile as it is entering the final week for the expiry.

The short covering which is coming is not having the strength to form a rally which is indicating that the market has more shorts than longs. The confidence of the traders is reducing and hence they are very cautious on the markets.

If tomorrow market trades with negative bias, we can even expect the support of 5550 getting broken and we can see new lows.

US market is closed today and hence you will not see any major cues from there. Market is waiting and watching for the parliament session and there is expectations of many major bills getting passed. By any chance bills get passed, market will first break the gap which is formed between 5650-5660 and it will give strength for the market. You can see major short covering and fresh longs built at this level.

So keep the fingers crossed and let us trade as per the market giving us the right directions.

All the Best :)

Market View 22/11/2012 2:20pm

Market has taken strong support at 5600 and decisively trading above 5630 which is a positive note. Now if market is able to decisively move above 5660, short covering will increase and take the market much higher.

SBIN has taken support at 2080 and has shown strong upward momentum and if it holds 2100, it will be a good buy at this rate. If anyone has shorted, cover it at this point.

Since the market is trading at very narrow range, we would advise not to do anything. Right now it is better to wait for right opportunity. Probably we can see it coming tomorrow. That is the reason we have no recommendation for today.

Market view 22/11/2012 12:20pm

Market has been trying its best to hold 5600. As long as the supports 5580 and 5600 are held, market may have some upward momentum. Once it breaks this support, market can see continued sell off.

But if market starts trading positively and crosses 5660, then the downward trend will stop and you can see upward momentum.

These levels are important and it will indicate the confidence of the market on bills getting passed in the parliament session. As you know, market move in the direction of least resistance and right now it is more on the sell side only.

But for any medium term investor or long term investor, these are quite good levels to buy since the downward risk is around 100-150 points, where as upward potential is 300-400 points.

So understand what kind of trader you are and take positions accordingly.

Market View 22/11/2012 9:55 am

Though market has moved above 5630, it is finding it difficult to sustain at this levels. Only if market crosses 5660 and sustains, you can see rally. Right now only shorts are getting covered and this will be a good opportunity for building our short positions at the higher end.

If any one is holding SBIN shorts, you can hold then with stop loss of 2120 as stop loss on closing basis.

What is Open Interest?

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You might have heard a lot about Open Interest.

But do you know what is it? Why is it so important?

Before understanding it, you need to understand few money fundamentals of trading.

Whenever there is a trade initiated, there has to be a "Seller" and a "Buyer".
When both buyer and seller are agreeing on a price to trade the share/future contract,
then the open interest for the STOCK FUTURE is 1.

For example, if you see open interest for any STOCK FUTURE / INDEX FUTURE = 1,000
That means there are 1,000 contracts in trade

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The change in Open Interest will signify a lot of things. If the open interest starts increasing
and price of the stock increases, that means more people are interested to BUY the
FUTURE CONTRACT, which means LONGs are getting built up.


If the Open Interest starts increasing and price of the stock decreases, that means more people are interested to SELL the FUTURE CONTRACT, which means SHORTs are getting built up.

If the Open Interest starts decreasing and price of the stock decreases, that means people who had bought the contract want to BOOK PROFITs and  they are UNWINDING their LONG positions.


If the Open Interest starts decreasing and price of the stock increases, that means people who had bought sold the contract are now COVERING their SHORT positions.

PS: Open Interest applies only for FUTURE CONTRACTs

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Market View - After Market Hours

As mentioned earlier, market is consolidating and it can move in either directions. Our target of 5610 on nifty spot was achieved. But i had said to move out of longs earlier itself. 

I am not very confident about the last half an hour up move. Even if market moves up, will it sustain 5630-5650 is something which has to be closely observed.

And regarding SBIN, though it hit 2070 on intraday basis, the counter is still very weak. Either it may consolidate at this level or come down to our targets. 2000 will act as a major psychological support, once it is broken, there can be stronger weakness. 

I have mentioned earlier in my blog that SBIN is looking weak and can come till 1880. But this move may happen once 2000 is broken decisively. So keep track on the counter.

This Friday's closing will give us better direction of the market. As mentioned earlier, Straddle will be the best strategy.  

Market View 21/11/2012 1:30pm

Market again has gone to consolidation mode and is again becoming very cautious.
It is better to avoid Nifty trading. One of the best strategy to be followed is called "Straddle". Here you BUY both PUT and CALL.

For example, you can BUY 5600 PUT and 5600 CALL.

Now if there is any big movement upside or downside, you will be able to make good income from it. Risk is limited and profit will be quite good.

For today, you call SELL SBIN @ 2060-2065 (Future Price)
STOP LOSS - 2070
TARGET 2050, 2030, 2010

DURATION  - 1 to 3 days

Market View 21/11/2012 12:40 pm

Though market is showing the bounce, it may not be very strong.

For intraday, even if it comes to 5610, it is better to Exit, wait and watch.

Any bounce now, i feel let us book some small profits and exit.

It is better to have no position and wait for right opportunity. Better do not trade till there is any clear direction.

Market View 21/11/2012 10:35am

Market is trying to take support and make move upwards and looking at the current momentum, there could be movement upwards till 5630, which will act as important resistance.

When we are going long now, it is better to exit at this levels or work with strict stop loss.

This week is very important for market direction. Market is waiting for the parliament sessions to find out whether the bills will be passed. Until the confirmation, there may not be any big movements but still for intraday, today we can see quite good momentum upwards.

You can go long on Nifty in the range of 5680-5690, with stop loss below 5660 (on spot)
for target of 5630-5650.

Market View 21/12/2012 10:15am

Markets are trying to take support @ 5550. For last 3 trading session, market has not been able to break this level of 5550. Today also it has taken support and sustained it for more than 1 hour.

Now if the market sustains 5580 and starts trading above it, then we may start seeing upward movement. You can see a target of 5630.

If 5630 is sustained, then more short covering rally might also come.

It all depends on how the market direction moves.

Market View 21/12/2012 9:20am

As i have told you earlier, Nifty is trading in a very narrow range.

There are multiple supports at 5550, 5520, 5530, 5550

and multiple resistances at 5580, 5590, 5600, 5630

Trading in this tight band will be very difficult for any trader.

Though the bias is negative, you can still not neglect short covering at these levels since there are huge shorts in the system and Nifty is in highly oversold situation.

Instead of trading in index until we see a decisive move, it is better to shift our focus on buying or selling specific stocks.

Why Shareholders of Infosys are called CROREPATIs?

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You might have heard this many time, my friend bought Infosys shares when it was Rs.10/- and now he is a CROREPATI. But you would always have wondered how is it possible?

He had invested just Rs.10,000/- for 1000 shares and today the share value is Rs2,300/-.
Then his total capital is Rs.23,00,000/-
He is a Lakhpati and not a crorepati!!!!

Right?

No you are WRONG here.

Wondering HOW??

You need to understand the most important principle of EQUITY MARKET here.
And that is "STOCK SPLIT".

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See when you own a share of Infosys, you are a business partner to Infosys and hence company can share their profits with you based on their performance and the management decision to pass on the benefits to its share holders.

They usually reward by giving BONUS shares (extra shares) or STOCK SPLIT.
When they split the stock, the FACE VALUE of the STOCK comes down and the total value of the STOCK will still remain same.

Let me explain you with example.
Assume you had 1000 share of Infosys, which you had bought @ Rs.10/-
PS: Face Value of Infosys was Rs.10/- but the issue price was with premium of Rs.85/-, which was under subscribed.

Company declares - STOCK SPLIT 1:2
Then your total stocks doubles, so you will have 2000 shares now.

When this is done, the stock prices also comes down almost by 50%.

The Infosys company once was trading @ Rs.20,000/- per stock. Infact if you currently calculate at that rate, for the person who had bought stocks @ Rs.10/-. With multiple stock splits and bonus the company has given, each stock is valued more than Rs.1,00,000/-

WOW!!!!!!!!!!!!!

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Now do you understand, why INFOSYS shareholders are CROREPATIs.

If you ask me, should i invest in INFOSYS today and expect the same thing in the next 10 years, the answer is NO.

You should look for company which are going to be the FUTURE INFOSYS to reap that kind of benefits. If you are keen on investing in such stocks, subscribe to our PAID SERVICE at the top and look for Portfolio Management or Multibagger Stocks. For more information, email to nsebsestocktradingcalls@gmail.com


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Market View 20/11/2012 3:00 PM

Market has again started consolidating at lower levels. But overall all the indications are negative only and traders have been in wait and watch situation so the movement would be restricted and we need to SELL on all RALLIES as i have been explaining you.

Whoever is holding NIFTY positions can carry it with Stop Loss of 5610 on closing basis. Market is at highly oversold position and we can surely expect a short covering rally at lower levels. If there is any gap down tomorrow, it is better to exit.

You can see in the choppy market, our recommendation "M&M" has been making new high after new high. If someone had carried this stock at the level we have recommended, you would have made atleast Rs.10,000/- with just 1 lot.

Carefully follow levels and the rules we have described and make best out of our calls.

Market Update 20/11/2012 1:35pm

As mentioned earlier, market is waiting for Europe market to open and after that you can see weakness to continue in the market.

Even in this choppy market, you can see M&M has reached all our targets and is still strong.

Now you can short Nifty @ 5660 - 5670
SL - 5690
Target - 5530, 5500

Market is looking quite weak and you can expect market to make new low after new low.

Market view 20/11/2012 12:50pm

Market seems to be range bound only, there is no big trigger for the market and hence traders have become cautious. There is no big shorts or longs building now, but all the previous shorts have been carried.

Until market breaks the range for intraday (5550 - 5610), there may not be any big move. But with the current movement, it is looking like upside is quite limited until market breaks 5630-5650 decisively.

As i have been telling you downside can be upto 5450.

Market is closing waiting and watching the winter session of parliament expected to start day after and how will the policy reforms announced will be brought into action.

Keep positions low until market gives clear direction.

M&M Update 12:20pm

In case of M&M, all the dips gives you opportunity to BUY only. The stock has strong upward momentum, but there can be corrections which can come which is healthy.

For Intraday, it may not give much momentum for today. So if you are trading in this stock have positive bias and hold the stock.

Since the major trading range for the day is over in this stock, there could be consolidation for intraday and it would not be advisable to trade in intraday. If you are doing, then have strict stop loss and be ready to book loss if it reverses.

It is very important to have the RIGHT TIMING and DISCIPLINE when it comes to professional trading.
Follow the rules and you are sure to make money.

Market View 12:00 pm

As informed earlier, it is very difficult to trade in Index, better to trade in specific stocks which are giving the movement.

Though market is at highly oversold position and market is taking support at very important levels, the upside movement is likely to be limited. After 1% upmove in USA and Europe market, market has given a bounce but not sounding to be sustainable.

Let us see how the market gives direction and then take positions, on achieving targets, do not wait, just exit positions.

M&M Update 20/11/2012 11:30am

M&M has been make new high after new high.

If it crosses our target of 928, then it can continue to make new highs.

The stock is making its life time high and it may continue to move up.

You can hold the long positions for target of 1000 in a period of 1-3 months.

SO today itself you have made more than Rs.5000/- till now. Enjoy :)

M&M Update 11:10 am

You can Buy M&M again @ 919-920 

SL - 916

Target - 922, 924, 928

Follow our rules to get best advantage of the calls.

All the Best

M&M Update 10:30am

M&M has achieved the first and second target.

You can book profits now and wait for a dip again.

Rs.3000/- profit in just 30 mins.

Market View 20/11/2012 10:10am

As mentioned earlier, market has opened up positively but there is a lot of caution and traders have heavily shorted in the market. Market has opened up above yesterdays high and is trading at the same level from past 1 hour.

If 5690 sustains on the spot, then market may move upto 5630.

Stock Pick:
Buy M&M @ 915-916

SL - 912

Target - 918, 924, 928

Market View 20/11/2012 9:10am

Yesterday US market and Europe Market have closed positively. SGX Nifty and Pre-open is looking quite positive. Now the important resistances to look out for are 5630 - 5650.

When the market opens gap up, do not BUY. Wait for the market to consolidate and see how it reacts.

Local market cues about winter parliament session and Europe markets are going to decide the market direction for this week.

I will keep you posted on the market reaction during the market.

Do not trade in Index until Nifty crosses 5630 decisively. Since there are no longs built, we need to wait and watch. If market holds 5600-5630 till 12pm and Europe market opens positively, we can see good momentum

Stock Trading - Art or Science?

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Is Stock Trading a Science? or is it an ART?

Any Guesses???

It is combination of Both.

Its is Artistic Science or Scientific Art.

If you know the Science and do not know how to execute it to take Advantage, it is of no use.

If you know how to take advantage of it, but does not understand the Science behind the market dynamics, again you cannot make money in Stock Trading.

The Science behind Stock Trading comprises of Fundamental Analysis and Technical Analysis.

The Art behind it includes your Emotional control, Discipline, Trading Principles, Trading Systems, Initiating positions with Stop loss and Profit Booking, Patience etc.

There is no substitution for Experience. But without having any knowledge about the science on which market functions, your experience will not make any sense. Because you may have 10-20 years of experience of GAMBLING and not actual TRADING.

Speculating the market can be done based on your own theories, but why do you want to RE-INVENT the Wheel. Technical Analysis has seen a lot of changes and adoption from past 100+ years and it has always been able to give ACCURATE RESULTS.

It is about the Science of Reading Charts and the ART of executing the correct orders at the RIGHT TIME and ENJOY PROFITS.

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Market Update 19/11/2012 3:35pm

Market has traded for the whole day between 5650-5670 range.

For the 2nd day, we have closed below 5600, which is clearly showing weakness in the market.

Though market has hold itself the level of 5550, it has not acted as a strong pull back zone which was expected. The market sentiments have been quite low. Though Europe market opened 1% up and was trading 1% up till our market was over, which has only helped to hold the market and not able to build any fresh longs.

There is no fresh longs built. There is a lot of profit booking and short covering happening. Though the direction of the market in immediate term is not very clear, but overall the market direction seem to be negative only.

Index trading will definitely not be advisable at this stage. There are shorts built in Colgate Palmolive and SAIL. You can see some decisive movement tomorrow. Have these stocks in your radar.

Market Update 19/11/2012 2:30pm

For the whole day, market has moved just between 5550 - 5570 and has not been giving any direction. Both Bulls and Bears are fighting for the price. No one seems to win the battle.

As advised earlier, do not trade until there is any decisive move.

Market may consolidate further with negative bias only. The trading range may now shift from 5630 - 5720 to 5530 - 5630. Exact move of the market can be seen only after the fight for price movement is won either by bulls or bears. Right now no one seems to have any strong hold and price is moving in either direction.

Either you are long or short, you can loose money either side. Hence just avoid to trade for today. Let us look at the market with open mind tomorrow.

Market Update 19/11/2012 2:00 pm

Market is in a tight bank and is consolidating. It is not giving any clear direction and hence it is better to stay away from the market till a decisive breakout happens.

When market is in sideways consolidation, it is advisable not to trade. Hence we have cleared all our positions and waiting for proper directions. There are no decisive moves anywhere.

Overall market view as i have been telling you is negative only. But since markets have corrected from 5770 till 5550. Any short covering rally of 50-100 points can happen at these levels.

Let us wait till market shows its direction for intraday.

Market Update 19/11/2012 1:30pm

Market is trying to consolidate, see decisive move only above 5690.

Now if market moves above 5690, there will be a very good short covering rally that can happen.

Since these levels are so much crucial and market can give either way movement, either trade if you are very much fast in covering position or do not trade at all.

Though the market is quite negative, this level is very important as it is at the bottom downward slopping trendline and bounce back can be expected which is very severe.

If market breaks the days low, then only you can see downfall upto 5530. 

Market Update 19/11/2012 1:10 pm

Market has started consolidating, It has started taking support at 5550.

I would suggest cover all shorts. It seems that market is trying to move up.
If it crosses 5590, short covering may continue taking the market to 5630.
It it cross 5630, short covering will increase and take the market to 5650 - 5680.

Again i repeat, cover all shorts, and go long, keeping stop loss @ days low.

Market Update 19/11/2012 12:10 pm

Market is trading in a very important area where Nifty may even bounce back sharply.

So instead of trading in Nifty / Bank Nifty, it is advisable to trade on specific stocks.

Once you reach targets, please exit. Market looks quite volatile and rangebound.

If you are not quick enough, you may end up in loss.

Either have less positions or don't trade. If you are trading, trade with strict stop loss.

Happy Trading :)

Ultratech Cement Update 19/11/2012 11:50 am

Now Ultratech has started coming below 1900 and giving clear direction that it wants to come down,  this is the best time to enter the position.

Target and SL as mentioned earlier

Market Update 19/11/2012 11:45 am

The Market breadth is turning weaker and weaker. The market has held up only due to some long term investors buying and short covering. The Buying volumes are low and shorts are getting built up.

You can expect fall in the market and it is not advisable to go long. Market is completely stock specific.

You can see weakness in index also depending on how weak will European market open and how does the rupee trade. 

Ultratech Update - 19/11/2012 10:55 am

Ultratech Cement has now started move above 1900 - 1905.

Now keep observing the stock and now once it starts coming down below 1900, it gives confirmation that it wants to go down. You can decisively short there keeping stop loss above days high for the targets mentioned.

Kindly read my trading rules to follow our calls and take best advantage.

Happy Trading :)

Stock Tip 19/11/2012 9:35am

Sell Ultratech Cement @ 1900-1905

Stop Loss - 1922

Target - 1890, 1870, 1850, 1830

All the targets may not come today itself. Since the market lot is just 125, you can take this call for 1 week.

Else book profits at each target and wait for direction. I will update you on intraday basis only.

Market View 19/11/2012 8:30 am

On Friday during the last half an hour you have seen steep downfall and the confidence of traders have reduced a lot. If you look at the range for the day, nifty has almost come down 100 points during this time. There is huge amount of shorts which are built up, you can expect a short covering rally. But this is an opportunity only to built more shorts.

The weakness is expected to continue. The important range which was broken (5630) will act as a major resistance. So if market moves up and you are holding shorts, do not worry. You can see longs only if market moves above 5630, which is very much unlikely to happy.

Do not short at the open, wait for market to consolidate a bit. You may see market move a little up around 5600 - 5630. This is the best place to short. Better to avoid taking any long position since the sentiment of the market is very weak.

Future Price - Discount / Premium

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Many Times you may hear Traders stating that "Nifty is trading in Premium", "Nifty is trading in Discount", but do they really understand what it means?

As per the Traders, if Nifty spot is 5700 and Nifty Future is 5710, it is PREMIUM and if it is 5690, it is DISCOUNT. But that is not the fact.

To understand the REAL PREMIUM / DISCOUNT, you need to understand how to calculate FUTURE PRICE.

PS: On the Day of Expiry, FUTURE PRICE will become equal to SPOT PRICE. That is the reason why you can see lot of fluctuations in the last week of EXPIRY.

FUTURE PRICE = SPOT PRICE * EXPONENTIAL FUNCTION (RATE OF INTEREST * TIME TILL EXPIRY)

For Example, Lets take the SPOT PRICE = 5600
Lets take Rate of Interest = 10% = 0.1
Time till Expiry = 29 (Day of Expiry) -18 (Todays Date) = 11/365 = 0.03

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Now let us what should be the REAL Future Price.

Future Price = 5600 * EXP (0.1 * 11/365)
                    = 5600 * 1.003018
                    = 5616.902
                 
Let us take the same thing when time till expiry is say 20 days.
Future Price = 5600 * EXP (0.1 * 20/365)
                   = 5600 * 1.005494
                   = 5630.769

Now do you see the difference. At the starting of the month, premiums are usually higher compared to the end since future price and spot price will become equal on the EXPIRY date.

As you see, there is so much of knowledge available for you to understand while trading, do not start RESEARCHING why you lost money after you have LOST all your hard earned money, INVEST your TIME and MONEY in learning the MARKET.

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Intraday Trading Vs Swing Trading Vs Long Term

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Market participants have different objectives and traders should first decide what kind of trader they want to be. Do you want to be Intraday Trader, Swing Trader or Long Term Investor?

Let us look at Pros and Cons:
Intraday
Pros:
- Leverage is High. Professional Traders can multiply their income in single day.
- Brokers encourage you for trading more and give you maximum limits
- Brokerage is less for covering positions in intraday
- When there is huge movement and you are right, profits can sour

Cons:
- If you are not disciplines, you will erode capital
- If losses are not booked immediately, losses multiply and magin will become short. Brokers will cover your position in loss
- Volatility is high and if you do not have patience, this is not for you
- Intraday trading is the beneficial only if you are a professional trader, else avoid trading in intraday

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Swing Trade
Pros:
- Can make good profits when you have entered at the right price points
- Delivery is allowed upto 3-4 days with extra limits from broker

Cons:
- Stop losses are on closing basis and there are times where you feel your decision is wrong and may cover your position and later the target may get achieved. Hence, patience again is a key
- When you are making loss, you should NEVER average the trade. If you argue with market and expect market to reward you, it won't. You will be PUNISHED badly. Hence, discipline is very much important
- Should have enough capital and should be ready to wait

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Long Term Investor
Pros:
- Can make enormous profit if the Stock Picking is right and entry levels are at good price points
- Stock splitting and Bonus can create fortune if you are with very good company
- If stock picking is right, you may become CROREPATI and retire with that money

Cons:
- Very long waiting period
- If the fundamentals of the company turns bad, and you are still holding, all your PROFITs may vanish overnight
- If you have entered the stock at High Price point and from there the correction starts, you may have to wait for years to get your actual cost of investment itself.

As i have listed out, each of these investment patterns have its own advantage and dis-advantage. You will have to get the right advice and take proper decision when you are trading or investing. To get the BEST portfolio advise, email me at nsebsestocktradingcalls@gmail.com


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Calculating Fibonacci Retracement Levels

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Hopefully, you have understood the implications of fibonacci retracement levels. Let me show you some examples and how fibonacci works magically.

Let me do a live case study with the Indian IT major, Infosys.
This is the yearly chart of Infosys. You can see that the High it has made is 2990 and the
Low is 2101.

Now let us calculate the Fibonacci Retracement levels.

High - Low = Range 

i.e., 2990 - 2101 = 889

Now the 0.236 retracement = 2101 + (889*0.236) = 2310.8

0.382 retracement = 2101 + (889*0.382) = 2440.6

0.618 retracement = 2101 + (889*0.618) = 2650.4

If you observe, at these points have acted as major supports when the stock fell down. Now though it is below the retracement levels 2310 is an important support, and if it breaks Infosys stock may again correct upto 2100-2200. 

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I hope this has helped you to understand the concept of retracement levels. If you need to understand more, contact me on my email id nsebsestocktradingcalls@gmail.com

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Market Update 16/11/2012 3:10pm

As i have been explaining in my trading rules, when you are wrong immediately get out. If we had not got out, we could have made huge losses.

For example, today i had asked to go long @ 5630 with SL 5580.
Once i saw reversal, i said book loss at cost price.

And when i saw an opportunity to go short, i informed that also.

If you had followed my rules and acted fast, you might have made hardly loss of Rs.500 - Rs.1000/-
and now making profit of more than Rs.4,000/-

This comes only with knowledge, discipline and experience.

If you need, expert advise, then check out our paid services or email to  nsebsestocktradingcalls@gmail.com

Market Update 16/11/2012 3:00 pm

As I explained in my previous post, Nifty has been able to break 5600 and it is also ready to break 5580. The weakness is likely to continue and you may have gap down opening on monday morning.

You can see my previous posts that i had told you about the levels - 5580, 5520 and 5450.

Now market will test 5550 - 5520. Now if that is broken, weakness will continue upto 5450.

Need to trade very carefully. As i have been telling you, sell on all rallies until 5450.

Now the loss which you had made going long, would have got covered. Carry your positions till monday and enjoy profits. Happy Trading :)

Market Update 16/11/2012 2:30pm

Market has not been able to break the range in which it is trading since morning. The market has gone into consolidation mode and hence it is not advisable to trade at this point of time.

If you have positions, cover positions at your cost and exit. Traders do not seem to be confident about the market. As i was telling you, there have been quite a lot of shorts built and at this moment, it seems that the support of 5580 will get broken easily.

You can now have short positions carried to Mondays session.
This will be a position short and if there is a gap down opening, it is advisable to cover the short and wait for the markets next move.

Today market has been consolidating and hence if you are not quick, you would have ended up in loss.

Don't worry, this is part  of the trade, you can trade when you are having discipline and follow our trading rules.

Market Update 16/11/2012 1:45 pm

As you can see now, market has started moving up. This is purely on short covering basis.

Very short term traders can add more positions now and exit at 5670-5780.

With Just 1 lot of Nifty Nifture, you can earn Rs.2,000/- today. More lots, more profits.

Which is almost 10% of margin money. Enjoy trading :)

Market Update 16/11/2012 1:00 pm

Since Ashok Leyland was not able to move above 28, you can leave that call.
So this call is NULL and VOID. If some one has taken this from Intraday point of view, please exit with loss. If you can hold for a week, our targets will still come.

PS: Read the trading principle article at the beginning of the Blog to take best advantage of our calls.

The market has shown good support at bottom and trying to move up.

Now you can go long on Nifty and Bank Nifty.

PS: This is just a short covering rally. If market moves above 5670-5680, it can move upto 5700-5720.

But you should use this only to cover all longs. Do not BUY at these levels. The correction is still not over and market might show more weakness in the days to come.

Market Update 16/11/2012 11:10 am

Market has held its major immediate support (5630) for past 2 hours and trading in positive direction.

There are heavy shorts built up and now if market moves above 5650- 5670, there will be very good short covering rally which can take the market upto 5700-5720.

You can Buy Nifty now, with stop loss 5580 and exit at 5650, 5670. If it comes above that, rally will be quite good.

You can Buy Ashok Leyland now when it starts moving up above 28, keep stop loss below days low and cover your longs @ 29, 30

Stock Tips - Buy Ashok Leyland

Buy Ashok Leyland @ 28 - 28.5

Lot size is 8000, hence keep Strict Stoploss @ 27.6

Targets will be 28.9, 29.3, 30.1

Please Note: Read my Trading Rules and Disclaimer before initiating any trade.

All the Best. :)

Market Update 16/11/2012 9:45 am

Market has taken support at lower levels and is showing some strength.

Since the Asian markets have been trading with a little positive bias.

Today's market can be traded with positive bias and hence we can cover the Infosys short positions (if anyone is carrying).

If market is able to sustain 5630 till 11 am, then you can trade in Index (Nifty) with positive bias.

Strategy will be buy 50% now and 50% if market sustains 5630 till 11am. Keep Stop Loss @ 5580, for target of 5680 - 5700. All the above mentioned levels are on nifty spot levels.

Market View for 16/11/2012

US and Europe markets have been constantly trading with negative bias. Though our market is showing strength, it is also going to get affected. The only reason you are not able to see SELL OFF kind of situation only because market has multiple supports.

If market opens gap down, DO NOT SHORT.

Find opportunity to BUY selective stocks at lower level. Market is trading in "OVER SOLD" zone and there can be a good short covering rally when market hits 5580 - 5550.

Though market breadth is negative, you will see a lot of volatility, so do not have higher targets. Expect small targets, BOOK PROFITS soon.

The Fight between BULLS and BEARS are going on and soon you will see direction of the market to change. Though the short term is trading negative, medium term and long term is very much BULLISH. So there are still lot of good stocks which will rally even in this WEAK market.

Stay updated with the Blog and get the Best Trading Advise.

Trading with Fibonacci retracement levels

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Fibonacci numbers have very magical effect on the market. They act as support and resistance depending on how the stock is moving. This is a place where market will continue to move up / down in the trending market.

They can also act as reversal points. So these are most important reference points to be watched. If there is no volumes in the trade at this level and it is trading in a small range, then it is better to avoid trading unless it gives breakout.

When the stock moves in narrow range in these points, it is consolidating and finding direction for the market.  Bulls and Bears are fighting and whoever is stronger the price will move in that direction. Hence, it is advised not to gamble when direction is not clear. Wait for the breakout to happen and follow the trend.

Please remember, TREND is Your FRIEND, Do NOT Break The TREND.

The magical Fibonacci retracement numbers are 0.236, 0.382, 0.618.

You may be wondering what to do with these numbers, i will explain about this in my tomorrows post. Don't forget to read it.

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Market Update 15/11/2012 3:20 pm

Looking at the market movement, Traders have become quite cautious and there are huge shorts that have been built. Since there are multiple supports, short covering and fresh shorts are simultaneously built up. At these levels, the targets can be small and stop loss will also be very strict.

Though the international markets are negative, our market is very resilient and is providing BUYING opportunity for all medium term and long term investors.

For short term traders, it is better to take rest for a day or day until market starts trading in a safe zone.

Only Professional traders can make money, rest all will loose money in this market.

Avoid Index trade on Intraday basis, Stock specific moves are always there.

Today we had given 3 important calls to our PAID members, SBI, Infosys and Exide, all three have hit their targets.

If you are interested to know more about our service, check http://nsebseintradayindia.blogspot.in/p/paid-services.html

Infosys Update 15/11/2012 2:45 pm

After our target of 2290, Infosys is consolidating. The trend is negative, but you can keep stop loss of 2330 on closing basis and hold your short.

Intraday Traders can book profits / loss depending on the level at which you have sold.

As per our recommendation, you were supposed to Sell @ 2300 - 2310. If you look at the price, it is almost at the same price.

Please read our Trading Rules post to ensure you Book Profits at appropriate levels.

The major trend of Infosys is negative, until it starts trading above 2330.
If it continues its weakness, it can test 2110.

Risk : 2330 - 2310 = 20 points
Reward : 2310 - 2250 = 60 points (short term / swing trade)
Reward : 2310 - 2110 = 200 points (medium term - 1 to 3 months)

Plan your trade and execute orders as per market conditions. This comes only with experience.

Infosys Update 10:05 am

Infosys has shown continued weakness.

Hold with Stop Loss of 2305 and see target of 2270 - 2250.

As mentioned earlier, medium term Infy can test 2100, but you need to be very careful since there will be lot of consolidation which will occur between 2100 - 2250 levels.

Just in last half an hour, you have made profit of 15 points, which is Rs.2,000/-.
For a margin of Rs.30,000/-, you have made roughly 8% in just 30 mins.
And you can earn more Rs.2,000/- today, which is around 10-15% profit in just 1 day.

Enjoy Trading with us. :)