Archive
April 02, 2012 Nifty Day Trading
Success consists of going from failure to failure without loss of enthusiasm.
– Winston Churchill
It was a good start in the morning after a pleasant weekend. During the weekend got a chance to learn something about ombre hair thanks to a beautiful blogger and photographer – Crengux. 
Managed to get two trades from JUBLFOOD – first one was short and the second one was long. Secured 21 points from both the trades. I liked the second one because the way the Pit Bull 3 took off after 1200 hours was wonderful and above all, the HMA Bollinger Bands combination in sync with RSI made all the difference.
Avoided JSWSTEEL and State Bank Of India since I felt there was total chaos and lack of harmony in the price action which can be seen from the respective charts presented below.
Overall, despite some good moves it is quite apparent that our market is already in long holiday mood which can further be substantiated with the volume traded today. Even though there is chaos in the price action so far as JSWSTEEL and SBIN are concerned as mentioned above, I will not be surprised to see in the coming sessions some big moves. But the only issue will be volume. To be on the safer side I would recommend avoiding overnight positions for the time being.
Presenting here my usual intraday and daily charts with HMA-Bollinger Bands Day Trading System in action for your reference.
Intraday Charts – 02–04–2012
Nifty Futures (ODIN) Tick Chart
JSWSTEEL
JUBLFOOD
State Bank Of India
Daily Charts (Amibroker) – 02–04–2012
Nifty Spot
JSWSTEEL
JUBLFOOD
State Bank Of India
Healthy And Wealthy Trading
Fun With Treadmill
Nifty-Weekly -28th June 2009
Daily and Weekly Spot Nifty charts:
Hi Folks,
Hope everyone’s weekend is going well. 
Compared to last week’s 6% fall, 1.4% rise is not bad at all, helped by short covering and fresh buying in selected counters. 4800 mark does seem to be near possibility in the coming weeks, unless any dramatic events push it down.
Leaving my S/R as they were last week.
My probable Supports: 4270, 4105, 4097 and Resistances: 4365, 4449, 4504
Healthy And Wealthy Weekend
Indian-Stocks-EOD-260609
Hello Friends,
Presenting here today’s final analysis of day’s session.
Nifty-Jul-Tick Chart
28 Million shares on the first day of the new contract for Nifty July is really a good start. Nevertheless, I will exercise caution as there could be a steep correction on Monday.
From my 21st June weekly analysis, I notice while 4105 support held well, my 4365 resistance was broken today. I also notice State Bank of India has hardly made any credible moves since 12th June. With the first quarter results in the offing next month, I would restrict position trading and focus on day trading as usual.
JP Ass.-Tick Chart
If you are interested in short to medium term, watch Sterling Biotec.
Some of the best stocks I would recommend for day trading in cash are, JP Ass., HDIL. To do well in these stocks, esp. in JP Ass. you must really learn day trading well. If you can day trade JP Ass., you can trade any stock. I love this stock. 
Healthy And Wealthy Trading
Healthy And Wealthy Weekend
Indian-Stocks-EOD-230609
Hello Friends,
Presenting here today’s final analysis of day’s session.
Nifty-Jun-Chart
– Litl-Chart
Most of the infrastructure stocks did well, LITL being exceptional to rise above 5%
So far as Nifty is concerned, my weekly 2nd support 4105 is still holding well.
Healthy And Wealthy Trading
Indian-Stocks-Intraday-230609
Hello Friends,
Presenting here today’s Intraday Tick Charts for your reference.
Nifty-Jun-Tick-Chart
– JP Associates-Tick-Chart
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-20-Mar-09
Nifty-Tick-Chart
Hi folks,
My last Saturday’s resistances 2739 & 2779 were firmly broken while rising without much strength amidst good buying in some of my favourite stocks.
I am glad to share with all of you, I am beginning to get excellent response from our traders for my intra day and daily calls for both commodities (Gold, Silver & Copper) as well as NSE Nifty & Stocks. My forex analysis is beginning to attract good amount of response not only from International traders but also from our traders as well.
Market is holding tight with a grand hope of RBI cutting interest rate after the inflation falling below 1. Only, few know the real dangers of inflation falling so abominably low like this. However, I will look forward to annual inflation data, which will give clear indication whether we are heading towards for the first time, deflation. My philosophy is simple, experience everything to know many things.
My Supports for the week ahead are: 2752, 2739 and Resistances are: 2816, 2836
Nifty-15M-Chart
Nifty-30M-Chart
Nifty-1H-Chart
Healthy And Wealthy Weekend
Healthy And Wealthy Trading
09th Feb. 09 – NSE Trading Session
Today Nifty Spot determinedly broke 2865 resistance and closed above 2900. Nifty fut. clocked a volume of apprx. 33 million, not a commendable volume but its obvious huge short covering played a vital part in today’s surge.
Healthy And Wealthy Trading
04th Feb. 09 – NSE Trading Session
Huge uncertainty is very much apparent from the trading where small to medium traders are unable to find any solace from the large intra day swings.
Healthy And Wealthy Trading
03rd Feb. 09 – NSE Trading Session
Nifty Fut. saw good volume today after a long time, apprx.42 Million Shares. 1st half witnessed substantial short covering which did not last towards the closing session. My supports for Nifty fut. remain at – 2735 and 2697.
Healthy And Wealthy Trading
02nd Feb. 09 – NSE Trading Session
As feared on 30th Jan, Nifty could not sustain above 2855. Its quite obvious from the huge discount on Nifty futures, good amount of short is getting built up. If I were to be a position trader, I would exercise maximum precaution before taking any position overnight.
Nifty Fut. 5Min. Chart
Healthy And Wealthy Trading
30th Jan. 09 – NSE Trading Session
The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.” – Thomas F. Woodlock
Its good to see, today nifty spot firmly sailed past 2855 the major resistance, amidst good short covering as well as fresh buying. Sustenance above this level is a question mark for position traders.
Healthy And Wealthy Trading
29th Jan. 09 – NSE Trading Session
Old habits are hard to crack, this is an old saying. I don’t know whether this can be religiously applied so far as the stock market is concerned. No matter what the media says, the fourth estate writes, any professional analysts say, unless we change our habits, attitude and start learning, succeeding in this kind of market conditions is next to impossible.
Healthy And Wealthy Trading
28th Jan. 09 – NSE Trading Session
Irrespective of the fact that this month has experienced the lowest roll over of nifty futures contract when compared to the previous 3 months, the most unusual but perhaps a good sign, indicating the retail traders were on sidelines due to various reasons. Another important development is that the day prior to roll over, i.e. today, the session ended with total lacklustre, clocking the lowest volume in the last 3 months this day. Does it indicate anything? 
Healthy And Wealthy Trading
27th Jan. 09 – NSE Trading Session
Notwithstanding the fact that today’s session experienced good amount of volatility with comparatively low volume in key counters, including Nifty Futures Jan09, considerable portion of shorts seem to have been covered. The worrying part of Nifty spot to Futures discount has also substantially come down in today’s session.
With RBI remaining firm in its stance with regard to Key Interest rates, for they know more things than normal traders and analysts like us, I am sure large traders will enjoy this market in every possible manner.
Today I was asked by some friends of mine about investing in banking sector for mid term since they came out with good figures this quarter, I conveyed my reservations pointing out few known factors:
- Undoubtedly our banking sector proved more organized and resilient when compared to their peers across the globe
- The current results reflected major portion of their income derived from Treasury activities and other incomes
- Absence of any genuine lending and income thereof due to high interest rates as well as dampened growth in key sectors
- Increase in Non-Performing Assets and etc.
Therefore, my advise to them was to hold on until final results announced due in Apr.09 which has a potential to give us proper direction.
SBIN (Cash) Tick Chart
SBIN (Cash) 3M Chart
Healthy And Wealthy Trading
23rd Jan. 09 – NSE Trading Session
It looks, a good amount of shorts were covered in Nifty Fut. in the last hour of the trading keeping in mind the long weekend ahead. 
Healthy And Wealthy Trading
22nd Jan. 09 – NSE Trading Session
Nifty Fut. Tick Chart 
With the Jan.09 futures expiry nearing in about 4 trading sessions, Nifty spot striving hard to hold around 2700 for the 2nd consecutive week and the futures discount still unabatedly maintaining around 30 points, the positions traders dilemma is understandable.
Nifty Fut.3M Chart
Petro major, Reliance Ind. Q3 results are on the wire with its GRM at $10/BBL, well within the acceptable level compared to its peers. Overall, the results are far better than one would have expected taking the current global situation into consideration.
Healthy And Wealthy Trading
21st Jan. 09 – NSE Trading Session
At last Obama’s current has ended high and dry in our market. Its a good sign we are back on our track and sanity has been restored here. My best wishes for him, his team and his family. Hope and pray the change that he brings to that land of wonders would also bring Peace, Good Health, Wealth and Prosperity to the whole world. GODBEWITHTHEM.
Today, Nifty Fut. with a volume of 39 million shares closed with highest volume this week so far and also a discount of 30 points.
Tomorrow, the 22nd of Jan. 09, being an important day with the release of 3rd qrtr results of some heavy weights like, Reliance Ind., Reliance Infra, RPower, Bharti Airtel, Bank of India, Kotak Bank, Ranbaxy etc., we can expect a good trading session for day traders.
Healthy And Wealthy Trading
20th Jan. 09 – NSE Trading Session
Nifty Fut. Tick Chart
When Obama’s current is running high in our market, any of my view would become null and void. 
Today Nifty Fut. ended with comparatively a better volume – Approx. 32 Million shares.
Nifty Fut. 1M Chart
Day traders do not require as usual any EOD analysis. Its a real EOD for them. By now they would have finalised planning their evening.
Nifty Fut. 3M Chart
Healthy And Wealthy Trading
19th Jan. 09 – NSE Trading Session
Nifty Fut. Tick Chart
Nifty Futures clocked an apprx. volume of 22 Million Shares in today’s session. The highest beneficiaries of these kind of low volume and high volatility sessions are day traders with right attitude. 
Nifty Fut. 3M Chart
Thanks to Mr. Obama mantra, the president-elect of US of A, at least our people have got an opportunity to divert their mind from their usual and regular grumblings. I still cannot understand from the most elementary point of view and feel terribly disappointed to note the utmost naivety and ignorance our people have exhibited of all times now, unabashedly dreaming of miracles to shower upon Indian Stock Market after Mr. Obama becoming officially the president of United States of America.
Healthy And Wealthy Trading
NSE Nifty Spot-Weekly Analysis – 18th Jan. 2009
The week ended with Nifty spot falling by 1.6% with Nifty Futures ending in discount of 15 points.
16th Jan. 09 – NSE Trading Session
Have a Healthy And Wealthy Weekend
15th Jan. 09 – NSE Trading Session
14th Jan. 09 – NSE Trading Session
Healthy and Wealthy Trading.
13th Jan. 09 – NSE Trading Session
Healthy and Wealthy Trading.
Journey Of A Nifty Day Trader 
