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| Nifty Chart upto 9th Sep 2010 |
NIFTY - Followup of Last Week
Totally against our expectations, in-spite of a holiday week and resistances round the corner. Everything was defied on day 1 itself. In all good moves and our move to always look at both sides paid handsomely and created profits too.....
NIFTY - Week ahead
The breakout is decisive and bulls are in control. But i would like to bring to your notice about the trading in Nifty and Nifty futures on the 9th Sep. Nifty candle is bullish but Nifty futures candle does not show the same level of confidence. Infact the Nifty futures candle shows traces of bearishness too. This week also lets go and trade both sides rather than to play bets on any one side. On the higher side Nifty will continue to resist as trading patterns in the period of Oct 2007 to Jan 2008 are coming into play. Psychologically these levels are points for weak hearts to exit their positions which they have been holding for 2-3 years.
Totally against our expectations, in-spite of a holiday week and resistances round the corner. Everything was defied on day 1 itself. In all good moves and our move to always look at both sides paid handsomely and created profits too.....
NIFTY - Week ahead
The breakout is decisive and bulls are in control. But i would like to bring to your notice about the trading in Nifty and Nifty futures on the 9th Sep. Nifty candle is bullish but Nifty futures candle does not show the same level of confidence. Infact the Nifty futures candle shows traces of bearishness too. This week also lets go and trade both sides rather than to play bets on any one side. On the higher side Nifty will continue to resist as trading patterns in the period of Oct 2007 to Jan 2008 are coming into play. Psychologically these levels are points for weak hearts to exit their positions which they have been holding for 2-3 years.
Nifty futures will display bullish behavior if it trades above 5650 and confirms a momentum bearish move if it closes below 5595.
VERDICT : In this week of decision lets wait for levels to break and trade in favor of the same
STOCKS TO WATCH
Reliance - As per last week we are long on the same with a stoploss 950. Short only below 910
SBIN - Watch for a one bad day and check the candle formation on the same day. Incase we witness a dark cloud or a doji. On confirmation punch this stock. To check the exact date follow our trades on moneyvidya.com we will issue a alert on the same
STOCKS TO WATCH
Reliance - As per last week we are long on the same with a stoploss 950. Short only below 910
SBIN - Watch for a one bad day and check the candle formation on the same day. Incase we witness a dark cloud or a doji. On confirmation punch this stock. To check the exact date follow our trades on moneyvidya.com we will issue a alert on the same
HindLever - We are long in HLL with a stoploss of 269
TataMotors - Double Top formation in play. Sell below 980 for a target of 910
TataMotors - Double Top formation in play. Sell below 980 for a target of 910
TRADING SETUPS
This section will cover lists of various technical setups under formations and levels where action can be taken. These are time tested and profitable systems which Technical analysts have been using for the last hundreds of years
Only one of our setups failed this week which got triggered on both sides. On an average of all the above results we made a handsome return of 5% on the peak side and based on the weekly closing of the prices we still made 3%. I hope this instills confidence and next week you start trading on this setups
| HVNR4/ IB Results of Last weeks setups | |||||
| Scrip | High | Low | Position | PL Max | PL Close |
| ATUL LTD | 145.00 | 141.15 | Long | 6.21 | 3.62 |
| CANARA BANK | 536.80 | 526.35 | Long | 6.04 | 5.24 |
| J & K BANK LTD. | 766.00 | 756.50 | Long | 8.81 | 8.14 |
| LIC HOUSING FINANCE LTD | 1222.40 | 1206.35 | Short | 3.39 | 2.33 |
| LUPIN LIMITED | 369.50 | 360.00 | Long | 2.79 | 1.71 |
| PATNI COMPUTER SYST LTD | 457.90 | 449.10 | Short | 1.08 | 0.14 |
| PIPAVAV SHIPYARD LTD | 108.50 | 106.50 | Short | 1.13 | 0.85 |
| SPECTACLE INDUSTRIES | 152.85 | 152.00 | Long | 2.06 | 0.10 |
| STATE BANK OF INDIA | 2789.00 | 2751.35 | Long | 7.38 | 6.99 |
| THE INDIA CEMENTS | 107.50 | 105.90 | Long | 10.60 | 3.86 |
| TORRENT PHARMA | 543.95 | 535.00 | Short | 1.87 | 1.83 |
| TUBE INVESTMENTS | 131.40 | 127.60 | Long | 4.72 | 2.21 |
| TULIP TELECOM LIMITED | 173.10 | 171.00 | Long | 5.20 | 2.92 |
| VARUN INDUS. LTD. | 174.35 | 170.15 | Long | 4.79 | 3.53 |
| V-GUARD IND LTD. | 164.60 | 161.50 | Long | 12.30 | 11.54 |
| VOLTAMP TRANSFORMER | 1024.00 | 1001.10 | Both Sides | 1.57 | -2.87 |
| ZEE ENTERTAINMENT | 289.40 | 285.25 | Long | 3.06 | 0.60 |
Only one of our setups failed this week which got triggered on both sides. On an average of all the above results we made a handsome return of 5% on the peak side and based on the weekly closing of the prices we still made 3%. I hope this instills confidence and next week you start trading on this setups
HVNR4/ IB For the next week
This section will cover lists of various technical setups under formations and levels where action can be taken. These are time tested and profitable systems which Technical analysts have been using for the last hundreds of years
Our Trades : http://bit.ly/dwF0SS| Scrip | High | Low |
| 3I INFOTECH LTD. | 61.8 | 60.95 |
| AARTI DRUGS LTD. | 142 | 139 |
| AFTEK LIMITED | 13.4 | 13.2 |
| APTECH LIMITED | 154.95 | 152.05 |
| ARIES AGRO LTD. | 185 | 180.5 |
| GENUS POWER INFRASTRU LTD | 223.25 | 220 |
| GEODESIC LIMITED | 105.45 | 104 |
| GODREJ PROPERTIES LTD | 778.8 | 758 |
| HAVELLS INDIA LIMITED | 805 | 793 |
| HSIL LIMITED | 140.5 | 137 |
| MAHINDRA LIFESPACE DEVLTD | 470.7 | 464.15 |
| TRANS & RECTI. LTD | 414.5 | 405 |
| UCO BANK | 118.4 | 116.25 |
| VIJAYA BANK | 84.8 | 83.6 |
| VIP INDUSTRIES LTD | 505 | 491 |
You are welcome to post your comments on each trade that i take based on the above newsletter and do not forget to rate me and follow my trades.
Happy Trading ...... This weeks thought
Happy Trading ...... This weeks thought
What Lies behind us and what lies before us are tiny matters compared to what lies within us - William Morrow
1 comment:
Wonderful blog thanks for sharing this info.
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