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Tata Motors Tips
(Updated on 11-06-2012 Time 09.10 AM)
Long in Tata Motors at 236.
Above 240 bulls are delighted
and can expect 247-254
236-234 are support zone.
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NEVER TAKE A BIG LOSS.
ONLY A BIG LOSS CAN HURT YOU.
Big losses prevent you from having a winning day. They wipe out too many small winners that you have worked so hard to achieve. Big losses also kill you from a psychological and emotional standpoint. It takes a long time to get your confidence back after taking a big loss on a trade.
(Updated on 11-06-2012 Time 08.50 AM)
In our post dated 07.06.12 for Nifty Future
we had clearly indicted that closing
above 5020 will drive NF to 5129-5155.
Now For Today…
We expect above 5089 bulls will hold power to
thrust the market 5129-5155 area where very
strong resistance may be seen.
5045-5057 are intraday support.
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(Updated on 08-06-2012 Time 09.00 AM)
Yesterday we had mentioned trading above 4998-5011
would elevate NF to higher levels.
Yesterday it went up to 5037.
Now for Today…
Above 5038-5045 bulls will dominate.
If trades below 5020 with volume it may slide upto
5006-4993.
Trades above 5045 would drive it to 5067-5084.
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IF YOUR TRADE IS NOT GOING ANYWHERE IN A GIVEN TIMEFRAME, IT’S TIME TO EXIT.
This rule relates to the theory of capital flow. It is trading capital that pushes a market one way or another. An oversupply or imbalance of buy orders will push the market up. An oversupply of sell orders will push the market lower. When price stagnation is present (as typically happens many times throughout the trading session), the market and its participants are telling us that, at the present time, they are happy or satisfied with the prevailing bid and offer. You don’t want to be in the market at these times. The market is not going anywhere. It is a waste of time, capital and emotional energy. It’s much better to wait for the market to heat up a little and then place your trade.
(Updated on 07-06-2012 Time 09.00 AM)
Yesterday we indicated above 4902 would favor bulls.
Crossover 4935-4958 area set the market on fire.
Now for Today…
Bulls are delighted above 4998-5011.
Crossover with volume market will see 5072-5088.
4952-4968 are intraday support.
Consecutive two closing above 5020 will take it to 5129-5155.
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(Updated on 06-06-2012 Time 01.50 AM)
Buy above 484
stoploss below 476 closing basis
Target: 492-502
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LOVE TO LOSE MONEY.
This rule is the one that I get the most questions and feedback on by traders from all over the world. Traders ask, What do you mean, love to lose money. Are you crazy? No, I’m not crazy. What I mean is to accept the fact that you are going to have losing trades throughout the trading session. Get out of your losers quickly. Love to get out of your losers quickly. It will save you a lot of trading capital and will make you a much better trader.
(Updated on 06-06-2012 Time 08.50 AM)
Yesterday we had written above 4858 would move up to 4885-4902
It went up to 4876 and retraced.
Now Today
Above 4855 will move up to 4885-4902 as written yesterday.
If sustains higher levels at 4902 with volumes may see 4935-4958.
4824-4802 area intraday support zone.
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