Archive
Nifty-Weekly-5th July 2009
Daily and Weekly Spot Nifty charts:
Hi Folks,
Hope everyone is enjoying the weekend. 
The week ended with a positive note, despite considerable volatility and volume. As usual, it’s budget session with huge expectations as well as uncertainties. Weather you and I worry about the budget outcome or not, the media is making merry of it on behalf of us.
My last week’s 1st support 4270 was left untampered. I would advice exercising caution on position trading until after the 1st quarter results. I would particularly trade cautiously on banks as well as infra stocks.
My probable Supports: 4270, 4105, 4097 and Resistances: 4449, 4504, 4693
Healthy And Wealthy Trading
Nifty-June-Intraday-220609
Hello Friends,
Presenting here today’s Intraday Nifty Futures Charts for your reference.
Nifty-Jun-5M-3M
– Nifty-Jun-Tick-1M
In today’s session, my first weekly support, 4270 was firmly breached. Despite the backing of strong Banking stocks Nifty could not remain above the key support levels.
In the on going correction, I will keep an eye on IDFC, Sesagoa, JP Ass., Voltas, Crom. Greaves and few more for short to mid-term investment for my clients.
Healthy And Wealthy Trading
Spot-Nifty-06-Mar-09
2nd consecutive session, Nifty Futures clocked 40 million in volume. Its a good sign that volume is picking up gradually and we have a long way to go.
While the session was exactly opposite to the yesterday’s one where, all my supports were firmly broken, including Spot Nifty breaching 2600, today all the resistances were smashed in great defiance to end up above 2600.
My existing clients have started buying some of the stocks in small quantities on my recommendation despite their falling on a daily basis. I will continue as usual practicing along with my clients the most healthiest and wealthiest DAY TRADING, the proceeds of which with their money allocated for stocks will be invested in the stocks for short to mid term.
My supports & resistances for tomorrow, the 10th Mar.09 as follows: 2609, 2594, 2574 and 2628, 2640, 2653 respectively.
Healthy And Wealthy Trading
Spot-Nifty-05-Mar-09
A day to reckon with. A day, a week, many lessons, that were not either learnt or ignored earlier by our traders to be seriously taken into consideration. My usual sermons, do not take any overnight positions based on overseas markets, learn not only TA but real trading techniques and etc.
As usual, the first couple of hours witnessed barely any volume in Nifty Futures but later on picked up momentum, only to push Nifty downwards and ended up with a whooping 42 million shares. All my 3rd and 4th Mar. Nifty Spot supports were firmly broken with the exception of 2563 and notably Nifty spot broke 2600 decisively for the first time since 2nd of Dec.2008.
Its noteworthy to mention, in today’s onslaught, Carin, Sail, Litl, to name a few escaped unscathed.
My supports & resistances for tomorrow, the 6th Mar.09 as follows: 2551, 2537, 2521, 2514 and 2576, 2590, 2601 respectively.
Healthy And Wealthy Trading
Spot-Nifty-04-Mar-09
What a wonderful session today!!! Perhaps I can call today’s session as the balanced one with all due respect.
My yesterday’s support, 2609 was well taken today while sailing past my yesterday’s resistance 2640 (refer 03–Mar-09 post) despite SBI’s good fall. I will keep an eye on SBI for this counter has the potential to decide the next move.
My supports & resistances for tomorrow, the 5th Mar.09 as follows: 2638, 2629, 2609 and 2655, 2691 respectively.
Spot-Nifty-5M-Chart
Healthy And Wealthy Trading
Spot-Nifty-03-Mar-09
While unable to break my yesterday’s resistance 2991 (refer 02nd March 09 post), coming very close to 2688, she went on breaching all my supports firmly and closed above 2600.
I feel today’s Nifty’s fall, although severe, was comparatively with much less strength. Therefore, I expect her to rebound in the coming sessions.
I am sure by now our media guys would be very busy predicting new lows, shaking their heads, pretending to be disappointed and depressed about the market’s status and some of their analysts making all possible gibberish analysis, which I am hopeful at least the anchors understand, if not you and me. 
2609 is an important nearby support for Nifty spot, breaching which, she has all the possibilities to test 2582, 2572, 2563 with the resistances at 2640, 2649
Healthy And Wealthy Trading
Spot-Nifty-02-Mar-09
Contrary to the expectations, Reliance’s gentlemen decided to avoid any major excitement by letting out the cat at the beginning of the session itself. Yet again, they proved they care share holders more than anything. Therefore, the session ended just like any other previous sessions with Nifty Futures clocking 31 million volume.
With general election dates announced I would be ready with my short to mid term strategies, keeping 4th quarter results very much in the mind. So far as my day trading is concerned, I don’t think I need to waste my time worrying about it, as its going very well. 
My probable supports for Spot Nifty are 2654, 2640 and 2628 with resistances around 2691, 2711.
Healthy And Wealthy Trading
Classic-Spot-Nifty-Charts
I am presenting here 2 classic Spot Nifty Charts of 1M and 3M for you. As usual I am going to leave the interpretation of these charts to you and decide what you need to do to really succeed in trading.
I would reiterate with full confidence my trading techniques would produce 100% results for I never complain about the markets. 
1M Chart starts from 25th of Feb.09 and 3M chart is from 16th of Feb.09.
Spot-Nifty-3M-Chart
In couple of weeks, I am planning to start Live Premium Day Trading Advices. As usual my advisory charges will be real premium. Those interested can mail me in advance at ngs.stocks@gmail.com, to convey their intentions.
Healthy And Wealthy Trading
27th Feb. 09 – NSE Trading Session
Today is one of the days we have to draw a clear line between trusting our media and trusting our own self. The day began, perhaps with lot of apprehension and scepticism whether there would be any substantial trading at all due to multi-fold increase in the futures lot sizes.
Ironically, the prominent counters witnessed better or usual volume than one would have anticipated. I won’t subscribe to the notion that today’s 1st half fall was due to dismal, the media quote, performance of our GDP. The market is not as stupid as what our media is projecting it to be, for it had already taken all these factors into consideration. Its a sheer common sense at a time the whole globe is experiencing major downfall, India cannot be exceptional to the same. Its by now the universal fact that due to our excellent regulatory and financial systems, our back bone, the banking sector has remained largely unaffected and continues to grow.
Its high time, I pray, our media had woken up to the reality that they are addressing Indian public, traders and investors and not some so called advanced, matured markets where such languages would be welcome. We are far advanced and better off than the media which is still dreaming of fooling in the same old 2007–08 fashion.
Healthy And Wealthy Trading
26th Feb. 09 – NSE Trading Session
My yesterday’s understanding of Spot Nifty did pay off today after an extremely dull 1st half. I would not have expected a better last Thursday, it was a classic finish.
Tomorrow, a new and highly challenging era begins for NSE India for, about 250 Futures & Options scrips’ lot sizes have been increased along with higher exposure margins. There is lot of noise going on esp. in the media as though NSE will close down soon with this challenging move. The good point is Nifty Futures and Options have been left unchanged and we can expect good amount of liquidity happening in them with more retail traders participating in them, subject to our cash starving brokers charging usual brokerage instead of charging Rs.100 each on buying as well as selling side for options.
If I were to approach unbiasedly, SEBI’s and NSE’s such an unprecedented and bold move at the time of total lack of liquidity and volume in both Cash as well as Derivatives segment, for they are not stupid enough not to have taken various aspects into consideration, the following points come to my mind:
1. Protecting small and medium retail traders from further losing in Derivatives segment in this low volume high volatile market
2. Encouraging small and medium retail traders to focus on cash segment instead of consistently losing moeny on margin trades
3. Improving liquidity in Nifty Futures & Options
Its going to be an interesting period until any further improvisations contemplated by the SEBI and the NSE after seeing the response.
Healthy And Wealthy Trading
25th Feb. 09 – NSE Trading Session
I feel terribly at ease and feeling so relaxed while trading for, ever since I started believing that the market is always good, only we need to change our perception of the market and attitude towards the market, my life has tremendously changed and am feeling very much happier about the transformation. I am truly thankful and grateful to all the events happened since Oct.08 and to the country I respect a lot, The United State of America (USA). Anyone who has learnt to take good things from them, will not worry about the bad things they have done. They are amazing people on the earth. My prayers are always with them and I pray for their speedy recovery.
Nifty Spot 5Min. Chart
Coming to our market, Spot Nifty as expected yesterday, had successfully tested my first resistance 2786 but could not go beyond that level. Tomorrow being the last day of the current contract, I don’t expect anything dramatic and I would not be surprised to witness the Nifty testing 2803, subject to firmly breaking 2779.
Last two days, I have been indulging only in trading index options, thanks to my very good friend Harsh from Mumbai, one of the top traders, for he rammed the idea of trading index options on Monday evening in a long telecon. Hes an amazing man. 
Healthy And Wealthy Trading
24th Feb. 09 – NSE Trading Session
With barely 2 sessions away for the current contract to expire, 35 million shares on Nifty Futures is terrific, with all due respect. One cannot expect a better session than this taking various aspects into consideration.
My 2665 support for Spot Nifty is still holding well. If I were to be reasonably optimistic, I would not be averse this week to see Spot Nifty testing 2786 & 2808.
Healthy And Wealthy Trading
20th Feb. 09 – NSE Trading Session
The last day of the week finally ended with last hour short covering. I don’t think any other additional writing is required at this stage as market, read media, is already abuzz with so many lower levels for Nifty.
I am beginning to watch closely ICICI Bank, Axis Bank, Sail and IDFC with 301, 348, 68 and 38 respectively as possible lows, along with other stocks that I had mentioned in my last weekend’s blog.
Healthy And Wealthy Trading
19th Feb. 09 – NSE Trading Session
I am beginning to doubt whether the performance of our stock market between 2005 and 2008 was a real economic growth oriented or FIIs and Hedge funds and our media driven one. Perhaps from now on we will see the real Indian Stock market growth based on the actual economic growth.
In the absence of either positive or negative developments from overseas markets and from our side, Nifty is struggling hard to maintain her level. Nifty Fut. ended the day with 22 million shares.
Healthy And Wealthy Trading
18th Feb. 09 – NSE Trading Session
In one of my previous posts I had mentioned, markets have begun to disintegrate and started following their own economic, fundamental, technical, corporate functioning and etc. unlike the pre-Oct.08 era.
Besides my being an ardent day trader of Indian stocks as well as MCX Gold & Silver, I never miss the opportunity to look for buying chances for medium to long term, which generally results from both fundamentals, technicals and other aspects.
Again, in the same post I had reiterated that this is one of the best markets I had ever seen before and this is the kind of a market that would help us add value not only to our portfolio but also to our clients. If my fellow traders and investors have failed to accept and understand this fact, I would like to remind you, while you are worried about Dow Jones Index, FTSE, NIKKEI, DAX etc. falling and rising, American stimulus package, FIIs downgrading and upgrading, elections, budgets, and etc., on the other side of aisle, someone is accumulating some of our best stocks along with our invaluable institutions. More than us, they know the value of our stocks.
Still not too late to wake up my friends. 
Healthy And Wealthy Trading
17th Feb. 09 – NSE Trading Session
A market bereft of any hope, Nifty Fut. clocking 28 million shares with a narrow discount is noteworthy to mention. 
Nifty spot has her nearest support at 2701 and failing to hold at that level, 2661 cannot be ruled out in the near future.
Healthy And Wealthy Trading
16th Feb. 09 – NSE Trading Session
Today morn. only I believed after taking a glimpse at the Interim Budget presentation, my dad watching, when I went to grab some coffee that our Finance Ministry is under Mr. Pranab Mukherjee not with our erstwhile Mr. Chidambaram. The doubt persisted till today morn. because I happened to read in an online newspaper very recently some statements made by Mr. Chidambarm about Tax cuts. I am very much sure, our media would have made everything possible out of it prior to today’s presentation. 
Spot Nifty could not bear the disappointment of our Interim Budget and refused to consider going beyond 2970 and buckled under intense selling pressure. Nifty Fut. clocked a whooping volume of 37 million.
Healthy And Wealthy Trading
13th Feb. 09 – NSE Trading Session
Should I have to call today’s rally-the term many would love to hear – in support of the man I admire most, Mr. Lallu, ended with an extraordinary Nifty Fut. volume of 24 Million. 
I get series of extremely anguished calls everyday, for I avoid entertaining any calls during trading hours, except of course my trading mentor’s calls and his yahoo chats, expressing everything other than the good part of this market. What I don’t understand from these callers is, why don’t they learn to see the market from market’s perspective instead of looking at what FIIs have done the previous day, what has happened to PE ratio, whether any stimulus package has been passed in USA, for they never bothered to realise, Indian companies have been languishing on higher PEs for couple of years, discounting 2010 earnings in 2007 itself in a great hurry as though 2010 would never come, for apparently no one knows whether such irrational rise was justified within any known parameters. Ironically, even in that market only very few had made real money, viz. the media. 🙂
If I were to comment on FIIs previous portfolio, I feel most of them had pathetic portfolio than even an uneducated investor, invested his/her money using his/her common sense rather than using the so called research materials and not watching our high flying media. Thanks to their lack of awareness, those FIIs are run by our grand IIM graduates. May god save those investors who have entrusted their money with these FIIs.
Its high time you all had woken up from your somnambulism and learn to adapt to the current real market conditions and start learning instead of wasting your time worrying about what FIIs have bought or sold, whether FIIs have downgraded or upgraded our companies, our country, our economy or our stray cattle and dogs roaming lavishly on our roads. They are not here to save you, only you are here to save you.
Healthy And Wealthy Trading
12th Feb. 09 – NSE Trading Session
Yet another dullest session in the recent past with Nifty Fut. clocking apprx. 29 million shares.
Nifty Spot has her nearest support at 2852, hopefully this week big guys will try to keep her above that level. 
Healthy And Wealthy Trading
11th Feb. 09 – NSE Trading Session
Today’s session saw good buying in selected cash counters like, IDFC, SAIL, LITL, AxisBank, ICICI Bank to name few and also fair amount of short covering in Futures.
Yet another day Nifty Spot survived with her nearest support, 2889.
Healthy And Wealthy Trading
10th Feb. 09 – NSE Trading Session
There was a sudden reaction in the market during the day based on the news emerged from Japan on Russian Banks debts.
Nifty Fut. clocked a volume of 34 million with Nifty spot comfortably placed above its nearest support level 2855. Market is eagerly awaiting for the outcome of vote on account in the offing, with a little hope on easing of tax structures, which is long over due.
By Ishaq Siddiqi
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)–European stocks traded sharply lower early Tuesday as
investors remained concerned about the passage through the United States
Congress of economic stimulus and bank-rescue schemes. They have found little
clarity from the U.S. on the stimulus plans, said Manoj Ladwa, senior trader at
ETX Capital. Reports that the U.S. Treasury appears to be backing away from the
‘bad bank model,’ instead favoring a public-private investment fund for older
toxic assets only adds to the uncertainty, added Ladwa.
At 0940 GMT, the Dow Jones Stoxx 600 index was down 1.2% at 196.95. London’s
FTSE 100 was down 1.5% at 4240.22, Frankfurt’s DAX was down 1.7% at 4587.49 and
Paris’s CAC-40 was off 1.5% at 3085.77.
Shares in UBS traded 3.1% higher to CHF13.30, reversing early loses, despite
the Swiss bank reporting a narrower fourth-quarter net loss and announcing plans
to cut 15,000 jobs by the end of this year in its loss-making investment bank.
In Asia, shares markets were mixed Tuesday, with Japanese and Korean stocks
down. Japan’s Nikkei 225 closed down 0.2% to 7945.94, while the Korean Kospi was
off 0.3% to 1198.87.
There was a brief flurry of action in the Asian session when a report from a
Japanese news agency suggested Russian regional banks will ask foreign creditors
to reschedule up to $400 billion of loans. European currencies came under
pressure, as did emerging market debt. But this possibility has since been
talked down strongly by Russian banking spokespeople, who said it was only ever
one idea they discussed.
In the U.S. Monday, markets closed largely flat. The Dow Jones Industrial
Average was down 0.1% at 8270.87 and the Standard & Poor’s 500 closed up 0.1% at
869.89.
In the foreign exchanges, the euro fell sharply in Asia on the Russian bank
story, but has since recovered a touch. At 0945 GMT, the single currency stood
at $1.2930, down from with $1.3003 late Monday in New York, while the dollar
stood at Y91.20, below Y91.46. Sterling stood at $1.4840, weaker compared to
$1.4916.
European government bond markets were becalmed with March bund futures up
0.05 on the day at 121.77 and the equivalent gilt future down 0.10 at 116.94.
The March 10-year treasury note traded up 0.075 at 121.255 from Monday’s close
at 121.180.
-By Ishaq Siddiqi, Dow Jones Newswires; +44-20-7842-9488; ishaq.
siddiqi@dowjones.com
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(END) Dow Jones Newswires
February 10, 2009 04:51 ET (09:51 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
Healthy And Wealthy Trading
Journey Of A Nifty Day Trader 
