My Financial Career Journey so far

Hello Friends,

Its been a long-time gap from my 1st blog to this current one.

I have had the priveledge to work and analyse the structure and method of how capital markets work. Being a finance student, I love numbers a lot (The secret to this passion has been my childhood fantasy and dream to become an Astronomer💓😊)

I have seen how human minds and its behaviour are charted and prediction of targets for specific calls can be given. I was, however, not happy with the Capitalist Mind-set applied in any Financial Markets. Any up-turns or down-turns were mere number - games and the Impact of two Major factors that govern any facet of life today : GREED and FEAR

I worked for about 11 years in the Capital markets. I had no knowledge of working of the markets. I only knew the markets through Economic Times Newspaper (which my uncle, my mentor, inculcated the habit to read to improve English and explore my affinity to world of Numbers)

I started my career by joining a small trading firm, where I saw how traditionl investors mind-set works. My decision to start with a small firm, but with Pvt. HNIs, was good at that time. I got to learn from scratch from trading screens to trading to attending calls to front-end excitements to Back-end Accounting and Billing etc.

Like my parents and their peer group would have had their own share of struggles. I had my own in 90s. With the advent of the IT sector boom, I still was caught unaware of the various technological advancements around me. Such was our mindsets that time. However, our Junior batches, that time were more intellectually smart and enterprising. I am from the Timid and Modern - Conservative School of Thought. The changes in human values, emotions, time for family, time for work, lifestyle, herd mentality from saving money to chasing money and value for money, were the striking features in my career-journey.

Well, belonging to the so-called Vaniya / baniya community, I developed unknowingly the affinity towards finance, balance sheets, profit & loss, etc. As, I am also a strong Believer in God and Humanitarian by nature, I sometimes pondered, my mismatch of interest of career and lifestyle. I saw that in my times, the female staff in finanical markets' companies were very few. I have always been a Tom-Boy by nature. I found my place very well in the Dynamic World of Financial Markets. 

In my initial career life, I had to go through lots of learnings, mistakes, However, I understood the way I could survive in such stressful Commercial world of Targets, deadlines, Money, Dynamism, etc. I had my basic priorities of my life set, so decision-making was not so difficult. I understood soon, to keep my Professional life and personal life different. I have committed some hasty decisions, which no person, at their start of career would do. But I had made up my mind before only, that I would not compromise my conscience, my Principles, my Priorities for the sake of MONEY, CAREER, PROMOTIONS.

It was indeed a tough and courageous decision for a female to take at that time and stand in front of giant corporate companies, Management, policies, internal peer-politics, etc. But as earlier mentioned, I had found out the way to survive in such conditions. I may have forgone a lot of perks, promotions in that way, but I never had a sleepless night or guilty conscience at the end of any given day.

Well, after marriage, I took a break from working in corporate set -up. I wanted to enjoy and live my married life to the fullest. This decision also was a courageous one to take at the growing phase of my Career. My priority was set to pursue spiritualism, be complementing to my home-chores and also in my husband's Medical work. 

Then I learnt the Concept of "Aavartansheel - ArthaShaashtra". Wow, this blew my mind and shook - up my myths, my learnings in my Financial Management courses, the basics of economics taught today.

Today, I have the priveledge to balance my career-life, family life and my spiritual life due to continuous Self-introspection, wonderful people around for guidance. My current and future work revolves and would revolve around my life-goals, financial goals based on the concept of Cyclical - Finance System. It is not easy, but not impossible. Its a matter of like-minded people to join hands and pursue the goals together.



COMING SOON WITH THE NICHOD (EXCERPTS) OF MY SHORT LIFE TILL NOW !!!! 

waah u may call me a doom signal lady...

Lot of u my friends n colleagues were thinking that i m out of markets... well no, its my stress buster u see... I was checking it n no comments from my side because from my last to last updates markets gave breakout levels that I had already mentioned in my post on 22nd sept 2014 for nifty ... (markets had a upmove on cards but a fall before that...)


well my prev update on 8th dec 2014 wherein i just felt like mentioning only the resistance & as we all witnessed markets r still going down from there on ...

NOw lets see if markets can arrest it down movement before 8180 / 8085 /8060..

upwards resistance short term 8386 / 8419

nifty update

nifty intraday resis 8540... it should close two days above it for an upmove..

lnt also good comeback

When I posted a reminder call for my shorts on lnt, a colleague have me an up levelss... hats-off to his reading...

Well Sometimes charts do fail to give a confirmation call... so market calls and recommendations and regular updates of news is also a must..

Well, no excuse but this will help my technical edge on markets..


I like comments and such true  feedback from u all...

Thanks

wow.. sparkling nifty comeback

As it sustained the supports of nifty, its RSI was a good indicator for a comeback...

Nifty Midcap indication supported me this time... good one.

It should now sustain 8015-8043 levels strongly, otherwise cud be just a phuki bomb upmove this time..

Markets trend following the election results checked nifty midcap50

well markets are in a Topsy-turvy phase rite now.

Supports : 7735 / 7684 / 7620
Resis : 7792 / 7885

Closing above 7885 and sustaining it, will only give some up-direction for the market...


Check out nifty midcap 50, outperforming NIfty... It did not cross the resis level of 3186 though (Post of 9/10/2014)... check out the support levels now for  (refer 7th oct post for it)

Well charts are showing unanimously majority of the market participants are expecting correction or are unsure of its direction....

Lets keep fingers crossed for this diwali month good closing...( which I am not so sure ...)

superb article to read...

http://economictimes.indiatimes.com/opinion/interviews/14-stocks-which-can-become-multi-baggers-in-next-3-5-years/articleshow/42697188.cms

lnt... good sell on rise stock

It could not sustain or rather cross 1500 levels..

Supp ; 1400 -1391 / 1378
Resis : 1468 / 1500

Any levels below 1378 or above 1498-1506 levels will be the confirmed direction for the stock for a breakout eitherways respectively... 

dlf ko meri nazar lag gayi...

This is stock market guys...

The reason I shifted my focus on technicals is purely that its more reliable than fundamentals...
This view I made after I came across the Satyam Computer mishap.... Be it small or bbig, after all fundamentals is based on numbers, which can always be manipulative.... So I lost my faith over fundamentals, that also doesnt mean you put in ur hard earned money in any Tom-Dick N Harry stock..

Well I was saved this time since I looked at the weekly charts which were showing some resistance levels n pressure on top

tatamotors rocking...

It could sustain any of my resistance levels and was at my support level today of 480 ...(pls refer prev post on 22sept ).. It indeed went down from the levels.

Support : 470/464
Resistance : 502/510

dlf update

As said, it came down from the resis level of 155 and is trading well within the support n resis levels...

I saw the weekly charts of that stock, only one, but important indicator of MACD is at critcical levels. I think that would decide the further fate of the stock.

Now, Support levels 137/133
Resistance 148/152/158

above 158, good movement

rcom

watch for it... no comments today on it from my side... but a trading stock is all i can say......

nifty

Did u c nifty midcap 50 up 2% , nifty following it...

Now nifty midcap 50 levels on resistance 3186
--- 3229 / 3260.. closing above that with gud volumes would be a great indication for further breakout

dlf

My favourite to trade...

Ghum phirke yaha par atak jaati hoon... superb u turn.. All short term positions maintain buy with stop loss of 143 and long term 135... it dint cross 155 my resistance level.. hope it does in next sessions

result season

lets c if i can give some view on some stocks i know

Sintex 13th oct 2014

From 22 levels it gave a gud run up within 2 years. On yearly charts it made a cup n handle formation.
Support is 70/68 levels
Now Resis for stock is 76/78 levels. Should break that with volumes, then can resume its further upmove till 88/92 levels. But to see if it can sustain these levels on closing basis with volumes

NIITTECH 15TH OCT 2014

Not a trader stock anymore. But still levels i can say resis 439 broken then good upmove, but on closing basis. One has to see all other indicators too


Deltacorp -- let me see this for a few days n then can say

Prajind as above

Crompton greaves 16 oct 2014
One of my fav stock. gave a gud break out above 90 levels in a year. Trade with a stop loss of 201 and long term players 187.

GHCL 18 OCT 2014

Wow what a stock~!!!!would have been the market buzzers delight.

Update further later..

bye

rcom

rcom is in its big down wave. but it formed a wedge pattern so i think it can bounce till 108/111 leves. if at all it gave closing above that any day it can further move up. its just a momentum stock .. I dont know about investment in it

nifty update

Supp : 7885 / 7920

Resis : 7958/7985/8005

The nifty should sustain 7940 levels for two days

lnt update

the stock yesterday closed at a good levels... so sorry i could not track markets later coz of network issues. however as I had a doubt that it would give a piercing line pattern close, but not to worry it gave a bullish engulfing pattern .. so no wonder it gave a gap up.

I think a clear indication is to be seen if it can sustain 1500/1506 levels.

More update later

supp : 1458/1420 / 1400
resis : 1485/1500/1506/1520

HINDUSTAN LEVER

THIS STOCK HAS FORMED A TRIANGLE PATTERN. IT SHOULD NOT BREAK 728 LEVELS ON CLOSING BASIS ANYTIME, FOR ITS UPWARD DIRECTION TO CONTINUE.

SUPP : 728/708/700
RESIS : 742/750/755

larsen n tubro

LT Rallied due to some order acquisiton.. on an intraday basis it is up right now, but it is to be watched where it is to be closed. according to me its a sell on rise stock for a week..  till now the actual low of the stock is not 1401 but 1437 in intra day.

resis : 1458/1469
supp : 1401/1389/1350

it has made a head n shoulder pattern from 18th aug,

Stocks update

Stocks that should be on your trading radAR NOW:

Powergrid -- supp: 131/128
                     Resis : 139/146/154
DLF -- WRONG STOCK TO PUT MONEY IN FOR LONG TERM
SUPP: 137/125
RESIS : 155

Tatamotors -- the stock held 490 support i gave in my previous post. It has to be seen if it holds 480 levels too or would further continue the re bounce. Please watch for the average divergences in the stock for further guidance.. now it is at a critical level.. more update later

there are more stocks that i want to update.. please catch up on that for tomorrow..

nifty update

hi,

No wonder the markets were sectorally moving sideways. As I had doubts there was no full particiaption from all sectors in the upward movement, the markets gave wrong indication of sideways consolidation.

It broke my support levels mentioned and now bollinger bands giving an indication of downward consolidation. However, lets watch for a day or two if nifty can move above 7920/8005 levels and close there.

support : 7730/7660/7580
resistance : 7920 / 8005

P.S. Watch crude oil market. also look at the nifty midcap 50 for movement of nifty. I think midcaps 50 would be a great help for knowing the further movements of markets.. supp of nifty midcap 50 is 3042 /3009.. check out the levels and the rsi of it

DLF --- A stock to watch for a few days..

it had a great decline, do not know if any news.. anyways, real estate stocks have fizzled out of their charm..

But I think purely on charts, this stock and its movements have to watched for a quickbuck...


lets c whats in store.. i am not sure if i telling to hold a falling knife or actually a rebound rubber ball

TataMotors

This stock had a good run up from 260 levels to 542 in a year or so...

support : 504 / 490/480
resistance : 529 / 535

still steam left..., but before that a down

nifty with a bang.. here to i make a come back on this blog

The nifty shud not close below 8030
my reading is mkts r either in a good consolidation mode for a big upmove further..
some event to occur soon within a week. volumes are steady, rsi within 40-60.
range for mkts 7880 - 8175 (which means its a support n resistance n these levels are important.
8300 can be on cards n if there is a fall shud not break 7880..

y i m confused is except cement, fmcg, pharma, not all sectors nifty stocks have made new
all-time highs.. if at all market now has to boom, then it is important for all stocks to participate

SBI OUTLOOK

The daily charts showed 3 different bearish pattern at 2535 & 2552 levels from where the stock gave in the gains.

It should maintain its average of 2258 levels. By average I mean is the closing prices should be near it.

Resis 2364 / 2388
Supp - 2258 / 2246 / 2217 / 2164


The weekly charts Moving Avg divergence has to be seen.. the stock after some pullback may break recent lows too....
A recommendation has come from some source to buy it for medium term with a trgt of 3250. I think if it manages anytime to move above 2418 convincingly, the stock may resume the further uptrend, maybe for targets 2689 / 2863...


Thank you

View on Infosys

Well infosys performance depends on its results, its guidance. In turn, Nifty also reacts to this IT major's news.

One of my relative asked me how does it look. Well an investor's charm i would say. Traders charm if traded in good lots. 

On 11th Jan, after its better than expected Guidance of its financial results, the stocks was 13 % up in one day. Well you must be thinking y am i telling the newd, whereas I see only charts. The point is there was big jump on one day. I knew its results were announce but dint know how they were. So to check whether a single day was not any trading error or so. 

Now coming to charts, it gave a good breakout will good volumes on basis of positive Moving Averages.

I think the stock if breaks 2770 / 2765 then the stock can go uptill 2649 levels, otherwise its still in a trend upwards. Weekly charts have still not indicated of tiring trend, but daily charts are showing such signs. But overall, it can make a new high too.

Resis  2811 / 2950 / 2959

Supp - 2770 / 2758 / 2715 / 2674

nifty

With reference to my mail on market on 19th Jan 2013, the nifty was on a sizzling plate and it fizzled out after touching 6100 plus levels and closing near the 1st resistance level.

Well, now the daily charts are showing some sideways or a small pullback till 5997 levels.

Resis - 5997 / 5988 / 5963
Supp - 5916 / 5858 / 5840

The weekly charts should be concentrated now for a fortnightly or a convinced direction for the markets.


Thank You

Update on Idfc Call

Wow, did u see it actually ran out of steam the day I told whether the bulls are ready to give up the gains... Yesterday's low was 163. It did break the range. So hope u guys enjoyed trading the stock...

Resis - 172 / 174 / 177
Supp - 162 / 158 

Nano on decline ???!!!!!

I associate this small car to this big giant. Deliberately to say that the stock may have taken a U-turn, but remember that this company is for the investors. Meaning it is investor friendly, but may take time to recover.

The stock broke resistance of 329 and continued its decline breaking my Crucial levels of 292 / 285. If you still holding the stock, book out at 300 / 304. I think it will touch 272 / 268 levels. If at all the stock is to reverse its downtrend, then it has to convincingly give breakout above 308  to 313 levels on weekly closing basis

Update on dlf

DLF Took support of 244 (which was my 1st target) and has been making new higher. Its in a rising trendline channel. So one can trade it with a trailing stop loss of 262, if one was long at lower levels.

Resis - 281 / 292
Support - 271 / 266 / 262 / 256


The weekly charts are showing signs of more upside, but according to me it will steam out of up-run after touching 285/287, to resume further uptrend. Do check iits short term moving averages for better view on the supports for the stock or rather a buying level again.

DLF... BINGO Target achieved of 244

Hi,


Did u guys watched the supports and resistances. Well, now if you are still short u can hold with a stop loss of 256 with trgt of 241 / 239.

Update on Tatamotors

Hi,

Just to remind u about my post on 27/12/2012 on this stock. It gave a good run. I think for short term or positional traders, one can ride the profits with stop loss of 309.

For medium term traders, if u are in good profits, either you can partially book ur profits near 329 or keep a stop loss of 292 / 285

DLF

It is seen that this stock around march or april makes a new high n then crashes and again after a year all the losses are recovered to touch that new high again.  This trend I saw for past 3 years. So one has be patient and smart enough to buy this stock at appropriate levels. Or I can say its a stock for traders.

I think, if the stock anytime breaks 253 convincingly, one can go short with a target of 244 with stop loss 257

Resis 259 / 263 / 272

Supp 253 / 248 / 243

IDFC

Over a period of a year, IDFC HAS BEEN TRADING IN A POSITIVE TRENDLINE.
Now according to me, with averages in place, still I think this stock would either be stuck in a range of 172 to 184. Or it will start running out of steam probably after touching 187 / 188.


Weekly charts are promising, so probably after some downside till 165, it would resume its trend further...

Why am I using will or would is coz i am not quite sure if the bulls are ready to give up the gains so fast.

HUL

Hi,

I know there were some news that HUL broke 200 Day Moving avg, but I think the stock on yesterday's closing has formed Bullish Candlestick pattern. So one can buy it with the stop loss 478. 1-2 trgt 512 / 518

HUL

The Fmcg well known toalmoest everone. Whenver I see this stock, I Laugh, heave a sigh of relief, and sometimes feel bad for others who may have entered the stock.

I had gone to attend one technical seminar at a well known Brok. place on 20th oct, 2012. Well, this course was conducted by some other agency but in that brok. House premises. I like to attend and upgrade my technical know-how on charts. The trainer used to give his recommendations on stocks to buy along with timings. He said they were purely based on his technical skills and not of that agency. But before pointing out the upheaval of this seminar, I would like to point out that One major outlook to see charts I learnt from here and that has really helped me a lot since then.

He gave his strong recommendation to buy itc n Hindustan Lever. I would tell you that since then I had these two n other stocks too on my radar. You wont believe out of the many stocks only a few actually made a run from the day n time of his recommendation.

I told my Husband I do not feel like  buying any, but yeah would like to buy kotak, Indusind Bank, but that too when I felt.

I feel amazed that how come two different persons, knowing the same technical know-how, perceive the study differently. How come the outcome comes different. These questions are still unanswered.

I just got a call from a colleague saying tht HUL had broken the 200 Day Moving avg. I was saved,,,,,

reliance industries

One friend asked me to give my take on this... I said 640 / 720 mein nahi liya, ab 52 week high par lene ka mann ho raha hai...

Anyways, thats the retail investor mentality. I am seeing based on charts till saturday. It is seen that the stock continues its upside for 5-7 days and then takes a U-turn.

So the weeklyy charts look promising to me. All technical parameters except one indicates the stock to be in overbought zone. As U know I never go by the 'HERD Mentality', I would always look at that indicator for signs of booking my short-term gains. NOW, the question You may ask is, if weekly charts look good, then Y shud i look into booking profits.

The answer is simple, if I feel that on daily charts the run-up seems to be in alarming zone, then I should be cautious and go by the principle of no Greed. Rather, in this situation, booking half of the profits is a prudent way of trading, so u dont miss on the further rally.

Resis 906 / 924 / 934 / 965
Supp 895 / 867

Hindalco update 27/12/2012 ref

Hi,

Sorry abt the late update on this stock. Its a stock which strictl follows the trendlines theory. It gives a clear picture how trendlines work. It took support on 100 Dy Mov Avg. For the first time I am not able to read the charts. I know for sure there will be gud movement , but donno which ways. Its formation on daily charts is of some triangle, but just can not make out.To be on a safer side, I will like to gv resis n supports rather than to comment. Trade accordingly...

Resis 126 / 132 / 135

Supp 120 / 118 / 113

sbin

HI,

SBI is one of the favorite stocks of investor amongst the top Nationalised banks.

It took the stock two yrs to come back to 2011 levels (above 2550) It has to cross 2540 convincingly for further uptrend. It is interesting to note that SBIN over a period of two yrs broke 20 Moving averages , but manage to close above it. So that means whenever Sbi goes below its 20 Day Moving average, one can go long to get upside return from that level.

resis 2537 / 2550 / 2582
Supp - 2450 / 2434 / 2409

Thank you

Markets View

Hmm, Its always very encouraging and self-inspiring, when we learn the same thing in a different way or explore a thing in depth to learn its beautiful dynamics.

Well I am talking about markets here. I do not like to read technical charts the conventional. Of course I thank to the stalwarts who discovered the study of Technical Analysis. But as you may know charts are reprentation of data and in market the data is price. Theses prices, though people say are manipulated by someone, but according to me, you cannot do it overall. I know these are 'Maharathis' of markets who run a stock, but you can never miss the overall Human Behaviour to action of prices.

So, I also was enthralled to know my eagerness to learn Psychology. Well, all said n done, what matters is the result. Some may do it the easy way of mental calculations or somebody's help, whereas some may do the hard way of evolving their idea of reading the stocks.

Coming back to sharing my views on market, it was interesting to go  through various time-period charts. It gave a better picture how markets fared in which situation & why. I think market may be looking as if its on some sizzling plate and hope doesnt fizzle out. What ae the triggers, well, i dont know. But frankly speaking charts tell you the true picture.

Resis  - 6074 / 6092 / 6127 / 6162
Support - 6037 / 6023/ 6008 / 5985

market ke funde

One may think why to buy stocks when they are at high, but tell who would decide what is a high for the stock..

I would like to share some gyaan i perceive is that markets may be run by a few master-minds, but how do they run is question, when so many people of the investor-trading communities are involved. On deep thinking, i get its majorly the psychology that plays part. Now, one would also think, the students of Psychology would make returns better than the Aam Janta... Well, I would like to point markets is also called Number Game. So number game ke liye toh Finance ke bande would do better... Its an interesting topic for debate n discussion.. I want to reserve my thoughts on it for the time-being.. Would love first yoyr comments on it...

Jab sab ko pata hai toh bhi why only few are the money-makers, while majority are losers. Its simple --- B different from others by being one amongst them... Think on this...

Oil Marketing companies - hpcl bpcl

Someone said there is a trigger in these stocks which could give good returns..

So my analysis says, that that person maybe right . On reading charts of both the stocks, BPCL charts are promising. One interesting thing to note is that the confirmation of run-up some steam still left, comes on the weekly charts than the daily charts .... which may indicate a run-up in store but dil thaanm ke rakho...

enjoy....

Tatasteel

This stock was a darling between 2005-2008. Of course it course it continues to be still, but majorly for short-sellers / rather traders.

Overall, the stock is in a range of 448 to 396. The Directional index indicator also show some non-commitment. Also Having, a look on the charts for past two years, it is interesting to note some break-out it managed to make above an on-going trendline. Now, one has to see, if the stock manages to remain above that trendline.

My view is it has to close above 432 again to resume the further uptrend ; otherwise that is a major resistance to be taken

Resis  - 418 / 424 / 427 / 434

Support - 410 / 404 / 396

BANK NIFTY VS. NIFTY

Hello,

W.r. t to my post on bankntifty since 21/12/2012 till date, I made a point that it is in tandem withh the nifty or vice-versa. So to get better and assured returns, it was advisable to trade it than the main Nifty.

As you can see, since 21/12/2012 till the new highs of 6068.5 were made, and also comparing the bank nifty returns, You would come to know that Nifty gave a returns of approx. 3 percent, whereas Bank Nifty gave 5 pcnt returns in absolute terms.

Also if you compare the difference in returns w.r.t. 52 week lows n high on both the indices, you would see bank Nifty (12908 minus 9814) gave more than 32 pct returns as compared to Nifty (6069 minus 4770)


Hope you liked my analysis... It would really great if you comment on my blog rather than on google plus..


Enjoy Trading

ITC CALL...

Hi, 

Its not that I am bearish. but did u guys see this stock declined n only declined after facing the resistance of 293 and broke the crucial supp n trend line

Hope some one booked their profits in the stock if one was holding on...

new highs....

Phew so many other activities going on so did not have time to post... 

A colleague from our industry had asked in the last week of Dec, 2012, what will markets be in jan 2013...

I jus told him they r yet in positive trend despite small hiccups. But since a v wave pending so it shud cm up.. This was based on my reading done from initial blog post...  n market never stop till 6040...  

I dont now want to report what happened in these days...

My reading is markets had a good run -up.. if it has to now resume the further trend, it should now convincingly close above 6024... 

Supp  -  5934 / 5927 / 5911

Resis  -  6008 / 6018 / 6038

Further stock updates please keep checking my blog

Updates on trends

http://equityrecos.blogspot.in/
Hi everybody,
just check the latest market readings...
Enjoy

Tata Motors

Hello,


This stock has given good run-up from the lows... I am sure its an investor's charm.. Good Dividend payer, bonus sharer and good ROE giver. What else u need... PATIENCE

Now, it should not close below 292 for say 1-2 months view. please not I am not so gud a time-teller, but a good target giver.

Hindalco....

Hi,

I would like to get comments on this post. This stock should a must on technical chartist radar.

My only hesitation to give any view is because of its last two day breakout from an on-going descending triangle pattern. I am not very sure about the formation... But Mind well, i would give the good news on it, on either ways..... Lets wait n watch whether bulls or the bears shall control the stock


Keep visiting my blog for the further updates....

ITC Call & market view

Hi Everybody,

Hope someone would have shorted ITC at higher levels.... (Refer my prev post on ITC.

Well, markets yesterday bounced from 5840 supp levels but could not manage to break above 5934. Also markets gave today closing below my 1st supp level (5885) given yesterday.

Now, one has to see if markets can retest 5934 levels & not close below 5840 tomorrow. Today markets gave in two days gains with high volumes (more than avg volumes of last 4 trading sessions)

Resis  -   5898 / 5914 / 5934
Supp   -  5838 / 5820 / 5772

Please note that Nifty has held the short-term averages very well. If markets gap down & 5820 is broken, then the level of 5754 will act as a good arrest level for any downsides.


Thank You

Follow-up call on Bank Nifty - 21122012

Hi,


Did U check out that bank nifty made highs till 12517 (near my 2nd resis - 12515) & also closed above the 1st resis given that day - 12477.

As I had pointed out trade Bank Nifty rather than Nifty since nifty was moving in tandem with it. Though, if you see today's gainers were from other sectors. To be frank I have not checked out charts of Different Sectoral Indices.

The weekly charts are in a trend line wherein they are moving above short-term moving averages.

There is one technical indicator which I have a keen eye on... It is the true trend-setter and rather  I would say Trend - level Giver.

Resis    -  12618 / 12715
Supp    -  12410 / 12354

TRADING CALL - 26122012

Hi,

5840 has been acting as gud support for the markets. Today's markets closed above the 5 & 10 day Moving averages. My first resis 5918 in prev post was not broken today. 

5927/ 5934 are stiff resis areas to be broken and given closing above it convincingly along with good volumes. I am sure that markets in a few trading sessions would give good move either ways (say 250-300 points)

It is interesting to note that weekly charts would be a gud trend teller than daily charts for positional calls.

So watch for them...

Resis   -  5924 / 5945

Supp   -  5885 / 5845

You guys may wonder why i m quiet on few days. The reason being either I do not get time to track or majorly my resis & supp take care of for 2-3 trading sessions.

Thank you..

Happy Trading !!!!!

ITC

This stock has given gud returns in two years. In these two years, the stock has not broken the trendline. So, it tested 281 on Friday  but if it would have broken that and of course closed below 288, then stock would have been a must watch for Short-sellers in the market.

 However, it manged to close above 281 with good volumes. Now, it has to seen for 1 or two days the closing prices keenly.

Resis -  292 / 294 / 298
Supp  -  281 / 277

Bank Nifty

Having a look at the Bank Nifty charts, it seems that markets would move in tandem with how bank nifty plays. If pullback has to happen in Nifty, then trade bank nifty rather than nifty & vice-versa trend also. It will give sure returns. Bank nifty Moving averages, MACD are all indicating towards downside. So best strategy would be to short bank Nifty on higher levels.

Resis  - 12477 / 12515
Supp   - 12358 / 12115 / 11850




Thanks...

Daily calls - 22/12/2012

Hi,

Wow... Markets did make highs 5939-5938, but never managed to close beyond 5934 Resis. So acting as a stiff resistance on closing basis, markets did trade low on Fri (21/12/2012) testing the supp level of 5840.... The MACD indicator did give a -ve divergence, but we may expect markets to bounce from lows (one of the indicator shows mkts bouncing back if opened gap-down. However market closing below 5820 will have more downside.


Resis - 5918 / 5924 / 5934
Supp - 5825 / 5816 / 5764

Please note that these are short-term hiccups in markets, but market overall in uptrend. Keep in mind my 16th & 18th Dec overall view of the markets

P.S. I re-iterate that these calls are majorly only on basis of technical charting and I do not follow news for reason why the upside or downside could happen...

Daily calls - 19/12/2012

Gud Morning....

On the basis of reading charts till yesterday's trading session, I want to share my views.

Nifty managed to surpass the resis levels (5927/34) with good volumes in the market. Also continuing with the positive trend, it is now to be seen if the MACD indicator continues its positive divergence. Markets now are looking for some major trigger either side.

Resis - 5945/5950
Supp - 5867/5840/5816

Hi,

I maintain my outlook about markets being in overall positive trend. However, I gave the supports 5840/5816. 

As you saw, markets did justify these two levels for two days. I would like to point out that my levels of supports (Supp), resistances (Resis) & targets (TGT) would be approx +/- 5 points of actual levels. this is what I have seen in these years the Proximity of my levels & views.

5816 is a Multi-supp level. In technical analysis, we call it as the Average Price (wvap)

My view is today's up-tick was on back of the RBI move. Also one of the indicator of RSI showed the bottom level from where they had to close above. Still, 5927/5934 are crucial resis level to break for markets to again make a new high. Also, the up moves now should be complied with increasing volumes too. One major indicator is MACD, which is on the verge to give negative divergence. But yet to be seen.

All these levels are either intra-day or closing levels, but mostly closing prices.

Resis - 5927 / 5934

Supp - 5865 / 5816

Happy Trading .....

Today's chart reading

Hi,

I am sharing my views on markets and stock calls on this blog.

I have dedicated this blog only to share my knowledge on Indian Equity Markets.

Today's reading is that overall trend looks positive. This view is based on charts till yesterday. Acc to me (V th) sub-wave is pending, but a little respite can be seen to the up-move  Daily plus weekly charts show a candlestick pattern which indicates a top- capping structure.

Resistances for markets for say 1 week (i.e. 5 days) - 5927 / 5934
Today's Support - 5840 / 5816

Targets - If above supports are broken which I strongly feel, then they can reach 5781 / 5665.



For Further updates on stocks & markets, please read my blog.....



Thank you.


P.S. - I give these views on my chart-reading skills without any updates based onnews or fundamentals......

In India, There are major two exchanges operational in terms of turnover, volume, number of clients & scrips listed i.e The Bombay Stock Exchange (BSE) & The National stock Exchange (NSE)

Broadly, equity stock Trading & Derivatives trading is what I would like to highlight on.

First, talking of Equities meaning shares that are listed on the exchanges & widely traded. This blog is to give a basic, lay-man understanding about the trading done.

According to me, there are major two sections in markets. I.e. Traders & Investors. Trading  are for me, who are speculators, people who want to make quick bucks, and investors who ply their money to gain returns from short period of time - more than 15 days to 6 months. 

However, stalwarts & big Brokerage houses' analysts, relationship managers recommend investing means plying your money to expect returns from period 6 months to 1 year. I would like to call them short-term investors. Theoretically  people from the industry say that periods of investment & terming them short-term & long-term varies from person to person. But, since working in the markets tells me that investments for 6 months to 1 year should be short-term trading and not investments. Because Investing according to me is basically done on fundamentals & any Tom, Dick & Harry would tell you that fundamentals do not change in such short periods. For the fruits or changes to seep in the balance sheets would atleast take businesses 1.5 to 2 years.


After broad classification on methods of doing business on the exchanges, let me bifurcate trading & investment in terms of period of returns (Profit / Loss). they are as follows:-

Also to give a new dimension to the terms trading & investment, I would say targets got by seeing technical charts should be purely meant for trading purpose, whether its for 1 or 2 yrs targets. Charts are representation of human behaviour to the change in prices & volume; whereas Balance sheets and targets from them are purely representation of the business done. So according to me targets derived from purely accounting is what I call investment. If someone would argue that changes of prices due to news flow of companies in terms of new set-up, product-line, Financial results in the short-time is 80% due to speculation. since the actual numbers of these news will reflect in balance sheets or profit & loss statements after the news are implemented. 

A) Trading

     i) Intra-day                                     - Trading done during the day i.e. 8.55 am to 3.30 pm.

     ii) Buying today a stock & selling it the very next day.

     iii) Positional Trades                   - Trading done with the expectation of returns from 5 days to 15 days

     iv) Short - term trading             - Investing money in the equities to expect returns within period of 1 month to 3 months.

v)  Medium-term trading        - Trading done with expecting returns from investment done for a       period of more than 3 months to 6 months.

     vi) Long - term trading              - Trading or investing for period of 6 months to 1 year.

B) Investment

     i) Short term Invt.                       - Investing on basis of numbers for period of 6 mths to 1 year.

     ii) Medium - term Invt.             - Investing on basis of numbers to expect returns from period of 1 year to 2 years

     iii) Long - term Invt.                    - Investing for a period of more than 2 years.