Market Overview for 13th November 2012

Market Overview for 13th November 2012

Today we just have a small trading session for 40 mins. Since not much participation will be there, it is advisable not to trade. 14th November 2012 is a Holiday for Diwali and hence it is better to avoid.

Market may move up but the movements may not be much. As i have informed in my earlier posts, right now market is giving opportunity to "Sell on Rallies". Stock specific movements will be high.

As you have seen yesterday, DLF was the "Top Loser" for the Day as per our recommendation and you were able to make a substantial income. I will come out with more stock tips to trade on Thursday 15th November 2012. Till then, Happy Diwali

Todays Trading Call results - 12/11/2012

I have given the following recommendations to you:
DLF - Sell @ 209, Also asked to Cover @ 206
Lot size = 1000
Profit = 3 points
Actual profit for 1 lot = Rs.3,000/-

Buy Nifty @ 5680 (spot levels)
And if it comes near 5650 add more positions and exit all longs today if market moves up.

Later seeing the market sentiments i have asked to move out of longs, But if you have Nifty Future, you
can exit tomorrow or wednesday when market trades around 5700 - 5720.

I do not see much upmove possible as i have stated in my posts earlier. But since there are quite got amount of shorts built up and the gap 5650-5665 has still not be broken, you can expect a short covering rally coming. This has to be used to exit from long positions and short positions can be built at higher levels.

Market cannot come down drastically because there are multiple supports and the market sentiments is still Bullish. It is advisable to trade in intraday until market moves in clear direction. Market is still range bound and you can see movements only in specific stocks.

Professional traders can make money and others only loose money in these kind of markets. Keep your positions low and avoid trading in Index. Once the gap is filled, you can see weakness in the market. Until then the market will still keep on trying to go up.

Today with Just one trade (FREE Call), you could have made Rs.3,000/- for a margin of around Rs.30,000/-, which is almost 10% return.

We offer personalised services where you can take advantage of our calls and other benefits. For details email nsebsestocktradingcalls@gmail.com

Nifty Update 12/11/2012 2:40pm

As I have been telling you the Market is "Sell on All Rallies". Market has been still holding its support (gap) between 5650-5665 and hence the bias is still positive. The market is giving you opportunity only when you are a professional trader and work on strict discipline.

If you have bought Nifty, the rally may not be much. It may rally upto 5700-5720, exit there. It might not likely happen on intraday today. You can carry or book loss and exit.

But if market is able to trade below 5650, then our bias will shift negative. So be careful since we are trading in a narrow range.

Market is completely stock specific. Trade carefully with stop loss and reap benefits. :)

DLF Update 12/11/2012 1:05pm

DLF is trading at days low but has become very much volatile. Though the stock in spot level are looking weak, futures are very much volatile. Since a lot of shorts have got built, short covering can also be very much severe.

So it is better to book profits. It may hit our 3rd target also. But i expect it to reverse from there. Since the move can be very fast, we may not get opportunity to book profit. Our profits can turn into loss. So i would suggest book profits at 206.

So with just 1 lot of DLF, your profit for the day is 1000x3 = Rs.3,000/-

Enjoy Diwali with the profits you have made, don't become Greedy. ;)

Nifty Update 12/11/2012 11:05 am

As i had explained in my previous post, market will remain calm till 11am. It has been calm. Now you can Buy Nifty Futures at current market rates at spot level of 5690.

If market breaks 5680, it can come till 5650. This level has to be used only to Buy new positions.

Market is coming into Oversold zone and you can expect a good short covering expected since the market sentiments is very much positive due to festival. This rally is a short covering rally and should be used to exit from long positions. Market will continue to be stock specific. Follow our guidelines and make money.

DLF update 12/11/2012 11 am

DLF 2nd Target Achieved. You can Book 50% profits. If you have taken in stocks, book 50% profits.
If you have bought futures (2 or more lots), book profits in 50% positions.

Others can trail stop loss at purchase price 209 and continue for target of 204.3.

DLF Update 12/11/2012 10:40 am

DLF 1st Target Achieved.

You can now Trail Stop Loss to 210 and continue.

Or Book Profits.

People have very less capital, Exit and don't become Greedy.

Others can hold, weakness can continue