Saturday, October 9, 2010

Market view

As long as market stays above fridays' low, stay long in this market. We might only head higher. Some stocks that looks positive

Reliance industries should move up 50-60 points in the forthcoming week....

look forward to more stock views here n of course as always leave your comment if you find these useful..

Thursday, October 7, 2010

Proft from these Calls ...(hopefully)

After a loooooongtime here I am posting some calls for you folks...enjoy these trades and do write back and visit the sponsors if you do make money

KSOILS - BUY target 60+ (can buy in FnO as well)
BANKOFINDIA - Very strong currently target 700+
TATASTEEL - buy in every dip for investment target 1300 in 1 year

Tuesday, December 15, 2009

Market market updates 15th December

Market after a long consolidation phase seems to have broken down. Intraday charts look oversold and like every other breakdown markets usually bounce back to test the resistances before continuing their journey further. So for now, I covered all shorts and am waiting for the next rise to short again...resistance for this rise will now be near about 5070 - 5080.....overall markets are looking weak only for the time being.

Monday, December 7, 2009

A new start...

Its been a really longtime since I posted something on this blog. Work has kept me very busy and I have been catching up a lot on my other now I see that my interests are converging for the better onto one topic - machine I delve deeper in this domain, I feel there are folks out there who can offer a lot of insight in this area and probably help me in testing some of the stuff I have started writing. What I would like to know from the readers of this blog are various trading strategies that they it intraday, short term or longterm drop me a note and they will all be helpful in creating this small piece of software

Also, if you know of some trading terminals with which I can interface with...some ODIN interface or even some commercially available APIs on NSE, please leave a comment and it will be of immense help to me.

Friday, November 7, 2008

Daily market update...nov 07, 2008

Could not update blog yesterday due to network issues. As expected, market reversed the day before from the resistance given at 3240. Now all important supports are indicated in the attached chart. Yesterday was the turn of 2860 to support market. Lets see where it goes today. Hold shorts for today! Book profits towards close if market tests supports.

Wednesday, November 5, 2008

Market update Nov 05, 2008

Global cues are positive to begin with. Yesterday we had a good close albeit with lower volumes. For now, I will still advise to remain on sidelines. Market has staged a very fast recovery from 2200 (a 1000 point climb in nifty in 6 sessions). So there should be some pullback any moment. Carrying positional longs at this point may not be too prudent. I will look at adding small positional shorts today (this will be risky as this is against trend and we dont have a reversal signal yet). This is more in anticipation of an upcoming downmove and will be in very small quantity. (Take this short only if you are a high risk trader). Others can wait till signs of reversal comes, or if market does not reverse and continues moving up we can catch this bus later. Watch for 3200/3240 resistances in spot

Tuesday, November 4, 2008

NIFTY updates for Nov 04, 2008

Yesterday whole day market faced resistance for upmove at the said levels. Now more or less all the upside targets mentioned are achieved yesterday. Look at the graph on how market played as per the lines drawn. I have no views now. Next trade will be on confirmation on direction. However, I think we might have some more small upmove from here on for maybe 50-75 points and then go back below 3000 again. This is only a possibility, we should wait for confirmation to trade now. For now stay out and enjoy while market consolidates and shows some direction.