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(Updated on 14-06-2012 Time 09.00 AM)
Yesterday it tried to move higher
and made high at 5144.
As we had written here it face hurdle at higher levels.
Now today…
If trades above 5133 with volumes market will see 5146-5159-5183
Trading below 5109-5102 may drag it more down to
5090-5083.
Bulls will dominate above 5090-5070 area.
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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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(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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DON’T SPECULATE. IF YOU DO, YOU WILL LOSE.
In all the years that. I have been a trader and associated with. Traders, I have never met a successful speculator. It is impossible to speculate and consistently print large winners. Don’t be a speculator. Be a trader. Short-term scalping of the markets is the answer. The probability of a winning day or week is greatly increased if you trade short term: small winners and even smaller losses.
Nifty Futures Calls
(Updated on 05-06-2012 Time 09.10 AM)
As expected yesterday below 4782 we saw lower levels at 4760.
NF bounced off from the low of 4760.
Now for Today…
Above 4858 favors bulls and may drive up to 4885-4902.
Intraday support at 4817.
Below which 4800-4783 may see.
Intraday hurdle on upside is 4848-4858.
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DON’T WORRY ABOUT NEWS. IT’S HISTORY.
I have never understood why so many electronic traders listen to or watch CNBC, MSNBC, Bloomberg News or FNN all day long. The talking heads on these programs know very little about market dynamics and market price action. Very few, if any, have ever even traded a one lot in any pit on any exchange. Yet, they claim to be experts on everything. Before becoming a trading and markets expert, the guy on CNBC reporting hourly from the Bond Pit, was a phone clerk on the trading floor. Obviously, this qualifies him to be an expert! He, and others, can provide no utility to you. Treat it for what it really is entertainment. The fact is: The reporting that you hear on the business programs is old news. The story has already been dissected and consumed by the professional market participants before news has been disseminated do not trade off of the reporting. It’s too late.
(Updated on 04-06-2012 Time 8.50 AM)
As expected in last session NF remained below 4920 and it after taking
out 4885 it plunged down to 4815.
We had written lower levels are 4844-4826.
Given the foreign markets worst still don’t seem to be over.
Now For Today…
Trading below 4782 will drive it even lower to 4754-4732.
If sustained below it may open the door for even
dipper levels to 4715-4680.
4840-4848 are upward barrier.
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