PAUSE...........!

Friends,
since last one year --might be more--I am giving my views on market......ya earlier there was not consistancy.....irregularity was there.......actually... I am vwry much interested to share views and get the visitors benefited by my views...it gets big satisfaction when any trader tells that he has been benefited on my call..or on by my views.......
Since last one year so many people meet me....discussed with them...so many times debate was there....and so many times healthy discussion .....and yes so many times there was a big quarrel also!.....friens all this was very interesting....debate gives you different views...though quarreling it was just for academic purpose only....personally you all are very good persons....responded me well.....I have experinced great affection and love from all of you.....
But when there is a journey.....at some stage you have to take a halt somewhere...to see how much distance we have covered ...... to see how much distance we have to go......and to see our destination with a new vision....and to set new goal also.....
So friends I am taking a halt here....preparing myself for a big GOAL.....
BLOG WILL NOT BE UPDATED UP TO NEXT THREE SERIES...I WILL BE BACK WITH MY VIEWS ON 1 OCT 2009.
Those who motivated me and those who criticised me ....I am very thankful to them all.....
WISH YOU ALL PROSPEROUS TRADING.....!!
BYE ......!

BROADER VIEW

If we taken that correction has started from upmove of 8047 then posibilities showing on charts...of course this will happen with internal counts....
more updation later.....
We have to see whether leg completed on friday can be taken as X or still d down is not completed....all depends on this......will see

FnO lot size revised.....

(some cotracts will be revised from Sep 2009)

For 12 June 2009

Though on Wednseday Trin shown some negative diversion.....y'day again picture has changed...it has broken support line and now touching 0.7 level (approx)..it might get settle near/ around 0.68/0.66 for 2/3 sessions or might get bounce today itself a this level.....if it reaches 0.63/0.6 then nifty might be @ 4750/4800 and that might be point for reversal totally..till then take every day as new day......

conclusion: today nifty might open flat..will make an attempt to go near y'day's high.....one can use both way to earn....if nifty is neat 4620....go long for tgt of 4670/4690.....if reaches there go short for tgt of 4635/4620.....sl for long is 4580 and sl for short is 4710...

good luck

For 11 June 2009

Looking at Trin indicator negative diversion has taken place....as y'day said Trin is @ support level(0.75 approx.)..though nifty made new high Trin has not broken support....and reacted there upward..at the same time nifty is resisted at upper line of mini channel..
I think up side is limited and todday we will see red (may be little) or flat...
CONCLUSION- One can go short @ /around 4670/4690 with sl 4710 for lower tgts...sl is on closing basis.....tgts .. I think 4635/4615.......

For 10 June 2009

Trin is below 1 (@ 0.75)and exactly at support...if breaks this support then there is scope for nifty to go beyond 4650 and might towards 4800....if support mantains then again chance of getting nifty back towards 4450/4400 again.. either side development is expected in 2/3 session...

For 10 June 2009

For 09 June 2009

I think downtrend will continue at least up to 4350/4330 level.....
Today go short near 4485..for tgt of 4380 /4360( may be intra or positional...depends)...sl for short is 4495 on closing basis....
if nifty closed below 4380 then might be heading towards 4298/4270.....
sell on rise is 'MANTRA' for at least two days..or until nifty close abbove 4495 level...
goodluck!

For 09 June 2009

Here is chart of NSE trin.If trin resisted @ 1 then nifty will not go below 4350 level ( at/around)if trin crossed 1 then may towards 1.1 and nifty may touch 4200 ( at/around).....lets see

Trading can give assured returns per annum??

As it is always said that stock market is very uncertain and dangerous game, but at the same time nobody wants to quite it.Every day comes wioth new method and with new hopes and trader sits in front of terminal with 'ready to loose' mentality 'rather than sitting for gain' mentality. Here I am expecting some views on this topic whether trading can assure returns per annum???
I think, yes it is possible but for that discipline, clear thought about what I am doing , clear theory and mindset, exact expectations about yield, and clear thought about risk ability is required.
Generally trader always try to ignore what he has lost and tries to project what he had tried and which trades he had done positively.
One should keep balance sheet for his trading. That should be reviewed daily/weekly/monthly/quarterly/yearly basis.
If there is loss on daily balance sheet that should be make over in weekly balance sheet...if loss in weekly balance sheet that should be make over in monthly balance sheet....this method must be followed strictly...
Applying this method one should get clear picture about where he is ! And once he gets clearer picture about what he has to recover in a stipulated period ....and can stick for that view...
At the same time one should not take it as he has to cover in a particular period...cause this will influence his trade emotionally and will force him to take the position though there is not surity about returns...in other words though risk reward is not in favour these emotions will force him to initiate the trade.
For this one should keep patience ...wait to get the situation in favour of his trade exactly....till then one should strictly avoid any trade...
I think before going to chart etc...one should discipline his mentality as well as thinking process. Because though one get knowledge about market behaviour its applying method is very important thing and success lies there only!

As I said if gap up and not crossing 4580 in an hour then one should set deep targets for shorts.....nifty high was 4578..and low was 4552..so another susccessful day...
For today....nothing much to add.... repeat same method as y'day....
chart is speaking same thing....
Today support @ 4511/4486/4450....resistance @4580/4630.....
good luck!

For 02 June 2009

As the close is above 4520 one may expect rally to continue.....but we are in 13 th week of this current rally and there wqere 4 positive sessions ..this is the only factor we have to considere....
For today 4545 is important point...then 4640....on lower side 4515/4490...
strategy...
1) If gap up and near 4630/4640 go short with sl 4665 as .....for tgt of 4580/4545/4515....
2) If gap up and near 4580 go short with sl 4630..for tgt of 4545/4515....
3) If gap up and not crossing 4580 in first an hour then weakness will start hereafter in ongoing rally.....then one may set deep targets for shorts with 4630 as final sl as a positional...
4) If gap up and 4580++and didnot sustains above 4600 and touch 4545 on lower side then go long with 4515 as sl for tgt of 4630 (intra 4585)...
5) If flat opening and 4529++ then go long with 4515 sl...
6)On lower side 4515 and on higher side 4580 are trend decider...
good luck!