Now the operator game is to save nifty and manage to close above 3800.
I guess you remember their last games to save nifty to close above
4200 and 4000.
If we are still to be in bear market then next bear operator game is
to manage to close below 3800 and bull operator's game is to save
nifty and managed to close above 3600.
Long the market with stop just below 3800.
SpiderStreamer is a "Live Streaming Quotes" software. Streamer is a thin client software which dispays you live market information at ZERO second delay.. some of the features Include Live Market Quotes (BSE or NSE ), Intraday Chart
Market Summary, Scrip Summary. It works only during Market hours
The Chart shown here is a 9 day hourly chart.
As Per this swing chart we are trending upwards only if we are able to close above
4303 and trending downwards if we are manage to trade below 4117 for couple of hours.
Upside Swing :
The previous swing high is 4207 and any trade above 4207 will target 4250 and
any trade above 4303 will target 4450.
Downside Swing :
The Current Swing Low is near 4117. Any trade below 4117 in nifty will target 4000 levels and almost no support below 4117... so even it may take to 3800 levels.
Nifty CMP : 4223
May be a Gap down opening. Because Nifty Hourly Charts showing Overbought and falling RSI and Stocastic Levels
And i use to compare the 30day and 50 day Simple Moving Average with the current price
and If current price is greater than the 30 and 50 day Simple Moving Average(SMA)
then i like to rate as a hot Nifty Stock
You can get the SMA values from moneycontrol website
http://www.moneycontrol.com/technicals/simplymovingavgs.php
Cipla
GAIL
HDFC Bank
HUL
Maruti Suzuki
NTPC
PNB
Here Iam not betting on the trading system. Just Simply Backtesting
You can download it from here.... With just a simple formula and a filter to find out
whether a stock is hot for the next week
http://rajandran.googlepages.com/StockFilter19thSep.xls
Nifty CMP : 4245.25
But my hourly charts shows limited upside may be extend upto 4330.
Hourly Charts are like shakira's Hip... Just remember "Hips Dont Lie...!"
And 4330 is the 61.8% retracement line drawn between the recent high 4625 and recent low of 3800.
Happy Investing!!!
Bulls maintaining 4000.... very hardly not giving up to the bears to close below 4000.....
Long the market until 4000 remains uncracked.... Once we closed below 4000.
It means that Bears are in Control.....
13 trading sessions from 31.28(1st Sep) to 39.56(18th sep).
So Dont think that we would achive higher targets in near term.
Nifty range is anywhere between 4200 and 3800 in shorterm.
And the bottom testing may continue in short term.
Play your game safe!!!
Happy Trading!!!
For My Last Posting About Bharti Airtel Please visit
Bharti Airtel - Simple Trend Line Analysis
Nifty CMP : 4072.9
Earlier we moved from 3790 to 4550 in just 7 sessions. And i hope this time it would ocur in reverse direction.And of course And tommorow is the 7th session. Hey..Its Just a Blind Speculation from my side.And if happens then i love to call it as a simple mathematics.
Whatever and where ever the market would go... Dont lost your capital on speculation. And this week is full of news and the volatility in the market is rising day by day. Probably market may behave with huge gap upopening and gap down opening. So do your trading with investing lesser amount. So that you will
be in the next game even if you loose it little.
Reduce your risk and make the game safer to play.
Happy Trading!!!!
Stock : Bharti Airtel Ltd
CMP : Rs 773
From the charts it is clearly visible that Bharti is in a strong downtrend for the past one year and it is simply repeating the pattern (H-R1-R2-L)-(H-R1-R2-L) (Where H- High, R1 - Retracement 1, R2 - Retracement 2, L - Low ) and this pattern is repeating for past three times.Means every time the stock see a new low it immdiately bounce back to a new high and whenever the stock reaches its lower high it is not immediately ready to give its gain and the stock losses its potential after few retracements.
And the retracement R1 & R2 levels provide us good oppurtunity to short the stock and whenever the stock reached new low it provide us the huge oppurtunifty to go long in this stock.If you follow the pattern you would get a
great buy around the lower trendline which comes roughly near 650(Buy for short term) and a breakout buy above the upper tredline 850(Long Term).
Crude : $100.78/barell
It was August 2007 and I had been trading for 2 years by then, working hard, learning everything I found on the markets, but I had still had no rewards. In fact, I had just Rs 70,000 left in my trading account. I could do all kinds of technical analysis, build trading systems, etc., but it was not leading me to profits and success in trading.
I had sacrificed my college education, so that I could be successful trading, but here I was, down to my last few thousands. I decided that if I lost this Rs 70,000, I would try and make a living selling trading systems and by giving tips to other traders.
However, come August 2007, everything changed. I suddenly started to make money. The Rs 70,000 I was down to, now started growing exponentially, until it reached what is now Rs 55 lakh - yes Rs 55 lakh!
So, what had changed suddenly?
I have no precise answer. I even wondered how a 21-year old like me, without college education, and who was perhaps in the middle of the trading curve, was able to make so much money, while there were so many more people with much more knowledge, still struggling in the market? My young mind was suddenly filled with many questions?
Was trading a game of technicals? What separates a winning trader from a losing trader? Was my journey from Rs 70,000 to Rs 55 lakh merely a product of luck? There are many questions to which I need to find the answers, but I decided to share the few reasons that I think lead to my success in trading in last one year:
1. I cannot deny the fact that I was lucky. Life is unfair - this is a fact. When I had Rs 70,000 at the beginning of August 2007, a few losing trades could have wiped out all my money. So at that time I was lucky enough to survive despite being undercapitalized. However, I think later on, after these 1-2 months it was not just pure luck that brought me to Rs 55 lakh.
2. I am believer of the Van Tharpe trading model trading, which says: Trading is 10 percent technicals, 40 percent psychology and 50 percent risk management. I concentrated on the last two things and it paid off. To manage risk, I was trading only intraday, and I never traded overnight positions. This may sound contradictory to the many sermons one receives on how it is so terrible to being an intraday trader.
3. My sole policy was to survive first and then make money. If you are surviving in markets and losing small, you will have time when you are favored by luck and you will make it big.
4. A trader without risk management is like a lonely girl got struck in a boy's hostel. If you are using leverage, you should either be hedging your positions or you should not carry overnight positions. Otherwise it is just a matter of time when a big gapup or gapdown will wipe you out.
5. The old classical things we need to fight are fear, greed, hope and bias. Bias is ignored by many but it can cause serious problems.
6. Becoming successful trader is a process. It is like any sport, which you learn the basic rules but then develop your own style. Let us say cricket - each batsman (or bowler) has his own style, which is unique to him. You cannot fully copy anyone, but you can learn from others and develop your own technique of playing in markets, based on your strengths.
7. There are unlimited number of ways you can make money in the markets and unlimited number of ways you can lose.
8. Supports and resistances are for making bulls and bears hope. If you use technicals and want to become a sound technical trader, then I would advise to go for automatic system trading. For others always remember not to use supports and resistances for hoping in the markets.
9. Trading is very simple but it is not easy.
10. Keep your losses small and let your profits run. You have read that in many places but this holds true, so implement it practically.
11. Remember the worst mistakes are made at the best times and best of the trades are made at the worst times.
11. Feel free to short sell. Short selling is a great way to make fast money.
12. Always be prepared for the worst, and and when you are feeling stuck, remember these lines: "The further you run from your sins, the more exhausted you are when they catch up to you. And they do".
13. There are no shortcuts. You have to go through learning the process of trading.
14. If you did well paper trading, it is not necessary you will do well in real-time trading. It has the same difference as in batting at Net practice and batting under pressure on the field.
Extact : Bhoomitrader
So, why should this candle potentially set up an important reversal? My theory is that the inverted hammer is a signal that shorts are beginning to cover their positions.
Here is my reasoning. Since the inverted hammer can only occur after a sustained downtrend, the stock is in all probability already oversold. Therefore, the inverted hammer may signify that shorts are beginning to cover. In addition, traders who have held long positions in the security, most of whom are now showing large losses, are often quick to dump their shares by selling into strength. This will also serve to drive the stock back down.
With this candle, it is imperative to watch the next day's trading action. If the stock opens stronglyand remains strong during the day, then a key reversal is likely in progress.So If Rolta starts trading above 340 range then you can expect an immdiate bounce upto 374-385 levels in short term
To get the real time intraday Charts for online visit http://nsetracker.blogspot.com
Ask a student how he will feel in the absense
Crude currenlty trading
