Weekly Review

Free float method for nifty led the volatality in last week. Weak global cues dragged the Indian indices lower in the initial part of the week, Concerns over below-normal monsoon add some pressure also. Expiry of derivatives contracts for the June series led to volatile movement on the bourses. BSE sensex rose by 1.7% during the week. NSE Nifty also gain 1.4% to end at 4376. Positive news flow and increase in weitage of L&T in the Nifty attributed to a 6% jump in capital goods index. Power and banking stocks werw in demand on the back of budget expectations. How ever, delay in monsoon raised fear about slowdown in auto sales, led the auto stocks lower over the week.

Weekly Review 20/09/2009

Last Three months euphora is really overdone. This is the feeling of all big players and FII. Last week FII done the profit booking. They halt it on friday. Bulls on track on friday. All the week weak global clues are made huge pressure on board and no local triggers for bulls. RIL dragged the BSE Oil and gas indexlower after the Bombay High court directed it to supply gas to RNRL at about half the government approved price for 17 years. Due to profit booking sell off seen in realty and metal sector. While the banking sector end with gain on robust advance tax numbers.
Major global indices end in red due to fear of that the pace of the global economic reccession is not easing asfast as had been anticipated. S&P down grade 22 bans of USA, after this the financial sector fall at te US indices. Shanghai outperforme the globe as world bank raised china's growth forecast.

Market View 28/05/2009

Last Two day's volatality due to expiry suggesting that the market corrected enough and this is the range where it's want to stay for some more time. In this time we can see all the heavy weight can give us some range s for trader. It's the opportunity for the traders to trade with some ggod range and get greater rewards.
Have a Nice Trading!!!!

Market View 27/05/2009

After the decent correction we can see some revival in today's trade. As all global clues are positive. US consumer nuber are encouraging. Asian markets trade with healthy gains and local news flow are without bad flow. Amid expiry the high volatality is the concern. All public sector bank deciding to cut intrest rate which is the boost for indian stocks for whole day. So buy is the only mantra for today's trade but with stoploss as expiry(mind it)!!

Markt View 26/05/2009

Yesterday Punjab is burnning and Bengal is storming the two new challenges for us. One is god's clamity and other is from human. One we can handle and one we can't. Think on it!
We are facing hurdle at 4280-4300 level daily suggesting that we are in tight range. See for close above this level for more upside. Inearly trade we ma face some profit booking as not clear clues from any side. Waiting for cabinet expantion today, after that market get some fresh clues and may decide their direction. On expiry note strict stoploss for intraday player is advised.

Market View 25/05/2009

Who is the better for fiannce minister than pranav mukerji. Pranav dada is the expectation of marke which reflects on friday at the decent gain after intial profit booking. Early monsoon may give more push this rally in today's intial trade. The next big event is the monsoon. Good monsoon is the key for rural economy and still we have more than 60% of our population in rural area. the biggest consumer population in india still awaiting for good product and if they have to participate strongly than the monsoon is the factor for their income.
Today we can get some early gain. We are at the range of 4250-4550 in nifty but all the analyst predicting that the now bull in strong command after the good news from local front. So advised to hold some position if you are active. and If you are not so active in the market then go for silected midcp and defencive sector like pharma.
Have a Nice trading!!!

NSE&BSE Market View 22/05/2009

After profit booking today I expect some gain in our large cao section. As all Heavy weights are down in last three session, now they have to move on. As the rumour on bault that the new government may plan for OMC to decide to change the structure of petrol and deisel prises. All OMCs rallied on that note. US intial jobless claims fal in last week. But this news doesn't help US indices to plunged after positive opening.
Stronger rupee may give some pressure on earnings of IT companies. As all rating agencies downgrade the IT giant INFY and TCS, today they are to watch if they can give us the support or they are the laggards.
Buy on decline is the mantra for intraday.

NSE&BSE Market View 21/05/2009

We have lots of confusion around it. Today, I expect further consolidation. Global cues are negative today and Crude oil touched $62 per barrel. The secnario not change for global markets. Global industrialised economies are yet to turn the corner.
Making a fresh entry at this juncture should be done in smaller quantities. Gradual buying is recomended on every meaningful dips to reap a bumper harvest over the medim term.
Some of our economic news:
  1. Divestment plan is the frist thought to power ministry.
  2. LIC to invest Rs500bn into euity markets
  3. SEZ exportd profits likely to get full income tax exemption from august onwards.
  4. India's steel demand may grow by up to 10% in current financial year.

NSE&BSE Market View 20/05/2009

Now all the fresh news flow is the key to direction of our indices. 100 day's plan for econmy from new government and after that we have budget both this issue is now what help us to sustain here if we get it in expectation.
Today I expect flat to negative openning in our market. We may face pressure in early session of trade but I advised to buy on lower level like 14100 and 14000. In Nifty 4250 and 4200 is the key level from their I expect some bounce. For 2 months view I expect to range bound movement in 13500-15800.

Market View 19/05/2009

"Our favorite holding period is forever" -Warren Buffet.

Like the Mr. bufft holding period is like the diamond. Just hold for forever. As we witnessed the history yesterday. All traders and investor cheering the uper circuit for frist time!! The new UPA Government and good face at economic front boost the confidence in stock market players. Now every person expecting good decision will be taken withot any pressure of other political parties and without pressure of vote bank.
Just ride on bull in todays trade. Only buy buy and buy recomendation in today's trade. I personaly advised to go in banking and fianancial sector today.
Nice trading Day!!!!!!!!!


As my Grand Mother's sudden death causes me to take breack from my daily routine and do some religious work behind them. So I apologize all my ENTERECARD DROPPER, READER and Dear Traders for the intruption in dropping and blogging.

Market View 04.05.2009

Action expresses priorities. - Mahatma Gandhi
Bull action can express the priorities of the investor. Here they predict the bull run for long term in the indian market. And I agree with them.
In toaday's trade we expect good gap-up openning and the gain may remain sustain for the day. As I said earliar the move above 3514 can lead us to 3795-3805 level in near term and that day arrived. Today I expect hte market can sustain and give us the close above 3515 level. So enjoy in long side but keep in mind that SL revisation and profit booking may happen at every higher level. So we can also be the same. Key level for today's trade is 3650-3580. Watch out this levels.

Weekly Review

Small trrading week provide the good volatality across the board. the NSe Nifty fell by 0.2% and BSE Sensex was up 0.7% during the week. Uncertainity surrounding Lok Sabha elections and anxiety over the bank;s stress test results in the US kept the bulls on tenterhooks. Concerns over the swine flu outbreak and its impact on the tentative global recovery also weighed on the sentimate.ICICI Bank is the leader during the week and TATA Steel is the top looser on BSE SENSEX.

NSE&BSE Market View 29/04/2009

Hey here swain flu's virus infected the bull and we can't get aid for it in hole trading session. Let's try today to recover from bad health. Today Asian markets are positive and get decent gain so hoping positive opening in our market also.
But on the expiry day we experienced that more volatality but if we get the positive start then the mood change for bull rider and they buy for next future also. we expectecting that today some short covering happen as we facing continuos resistance at 3500 level for last 6-7 session.
Buy on decline is today's stratagy. But maintain strict stoploss as it's expry day for future.

NSE&BSE Market view 28/04/2009

No quute find for today from any book. Sorry readers and traders!!!!!!
Today is good but hot day in surat. All major indices are mixed today. So we expect voaltality in indian market for today. But in early move you can go for up trend on higher level we can see some pressure from all front line stocks. Key level for today's trade is within 3510-3530. Kindly note it. 3514-3517 is the previous closing basis resistance we seen. here we trade above 200 DMA.But this breck out's confirmation given only if we close above 3520 level.
Nice Trading!!!!!!

Market View 27/04/2009

"The only reason why we ask other people how their weekend was is so we can tell them about our own weekend."- Chuck Palahniuk

So as Chuck says weonly shares that what we expected to hear from our listeners. And we in the market only get the positive report if we are long and if we are short than all negative reports only we can see. Trader's Psychology is the greatest factor in thetrading of stock, forex and comodity's future.
Today Major asian indices oen in red and trading in negative zone. Same is expected in our market as we are much recover in past seven week. But now we facing hurdle at this level since last week. May be it's continue for short term and than we pick the direction either way. But We advise to book profit in todays trade and sit back with all relaxsation and enjoy the volatality of market when ever we break the any of the direction make the position accordingly.

Market Weelkly Review

Here the strong command of bull in all major indices irritates the bear. we hope that something we learn from this irritation. As Bull and Bear are both the part of our lives if we gain from bull than we can get reward from bear also.Indian equities close positive for a seventh successive week. Quarterly results did not show any negative surpirises indicates ......Read More at http://tipsofstocks.blogspot.com/2009/04/weekly-review-26042009.html

Msrket View 24/04/2009

Calamities are of two kinds: misfortunes to ourselves, and good fortune to others. - Ambrose Beirce.
For our market calamities is beacause of misfortunes to ourselves. We knows that blindly follower of global indices drag our market to lower level in last financial year but on fundamnetal base our economy is driven by lacal demand supply chain. So we are get some cover from global slow down and the last quarter result indicate the same way.
Results of Wipro,Reliance Industries Ltd., RPL, Idea are the positive ques for today and asian indices trade mixed is bad sign for today's trade. As we are on Higher level and facing the resistance at 3500 I advised to make profit booking at all rise.
Happy trading day ahead!!!!!!!

Market View 23/04/2009

Said Arjuna:
"O Janardhana, if you consider that intelligence is better than actions, then why are you asking me to perform this ghastly action?"
[Chapter 3 verse 1-Bhagvad GITA]
Its 2 way game in the mkt for last few days..And For intraday playerintelligence is better than actions so some low volume on cash segment considered compared to las 6-8 segment and it will continue in coming days.
Yesterday many stocks gave a downside breakout, but immediately got support. The good part is NIFTY still holding 3300 mark. The bad part it makes life difficult for intraday players. Now any up move in mkts should be considered only above 3514. On the downside if NIFTY breaks 3300 mark, we can expect some panic.
Today also Nifty will remain volatile and one should try to book profit at regular intervals.For morning session Nifty spot above 3342 can show some recovery and if Nifty breaks 3300 level then we can see some more selling pressure in the market
Nice trading day!!!!!!

Market View 22/04/2009

"Far better it is to dare mighty things, to win glorious triumphs even though checkered by failure, than to rank with those poor spirits who neither enjoy nor suffer much because they live in the gray twilight that knows neither victory nor defeat."- Theodore Roosevelt
For day traders last 3-4 session is like gray twilight neither vitory nor defeat. High volatality drive us to more nagative impression after long rally. I expect more down side for nifty in coming day's with high volatalty in short term. Same as in Sensex. But Medium to Long term trend tend to positive.
Nice Trading!!!!!!!

Results & Evnts.21/04/2009

RBI, will unveil its credit policy today. Many economists do not expect the RBI to change the repo or the reverse repo rate in its policy announcement today. But the coin is in RBI's hand.
Results Today: Hero Honda, Rolta, SEAMEC, S Kumars, Praj Ind, Spice Comm, Ultratech Cem, Gati

Market Strategy 21/04/2009

"Real freedom lies in wildness, not in civilization"- Charles Lindbergh.

Here bear expect to feel some freedom.....Because as charles wildness is true freedom and todays market will move wildly with reversal signal in market.....
Last three session provide stablization but now we can rely on global cues which is very negative today's....All Major indices in the world trading in negative zone with large downfall..Some biggest company's post poor results across the world and once again uncertainity in global economy drag the indices........
So for Indian market today sell n every rise for intraday player and for short term swing trader may sell their long position for 3-5 session......
Today's 10600 level for sensex is crucial so watch out this......
Nice Trdaing!!!!!!!!!

Today's Market Review 20.04.2009

All the day market remain chhoppy, but last hour the profit booking or swing traders selling led the market to the nagative zone........

Nifty open flat on clueless opening and than smartly goes up in early session but then it's start sideway mvement for all the mid hour time......

On last session hour nifty makes new low and than rebound and close flat.........


Oracle Corp will buy Sun Microsystems for $9.50 a share, valuing the computer server maker at more than $7 billion.
The announcement from the two companies comes after deal talks between IBM and Sun fell apart earlier this month, and sources with knowledge of the matter had said Sun had turned down IBM's offer to pay up to $9.40 a share.
Sun shares jumped 37.5 per cent to $9.20 in premarket trading, while Oracle shares fell 4.5 per cent to $18.34.
The price of $9.50 a share values Sun at about $7.1 billion based on about 745 million shares outstanding, according to Sun's latest regulatory filings.
The companies said in a statement the transaction is valued at about $7.4 billion, or $5.6 billion net of cash and debt.

Nifty Long Term View

On weekly chart Nifty formed strong bullish ternd up to 3500 level. But weekly chart suggest that for pure geniune breack out nifty have to sustain for at least two week above the all moving averages and the trend line resistance which is stand at 3550 level.

There is big resistance ahead for nifty but, MACD suggest that three bearish cycle complete and new bullish cycle start with this up trend suggest that we have bottomed out, but it not mean that we are now ride on bull. May be side way movement accur for next and current month also.

And above all don't forget the election result for the indian market the big event for all indian indices............

Have a nice trading......

Fibbonacci Retracement

Use of Fibonacci Retracements in technical analysis.

The Fibonacci retracements pattern can be useful for swing traders to identify reversals on a stock chart. we will look at the Fibonacci sequence and show some examples of how you can identify this pattern.
Fibonacci numbers were developed by Leonardo Fibonacci and it is simply a series of numbers that when you add the previous numbers you come up with the next number in the sequence. Here is an example:
1, 2, 3, 5, 8, 13, 21, 34, 55
See how when you add 1 and 2 you get 3? Now add 2 and 3 and you get 5, and so on. So how does this sequence help you as a swing trader?
Well, the relationship between these numbers is what gives us the common Fibonacci retracements pattern in technical analysis.
Fibonacci Retracements PatternStocks will often pull back or retrace a percentage of the previous move before reversing.These Fibonacci retracements often occur at three levels – 38.2%, 50%, and 61.8%.Actually, the 50% level really does not have anything to do with Fibonacci, but traders use this level because of the tendency of stocks to reverse after retracing half of the previous move.Here is an example using a graphic explaining the retracement pattern…

This picture shows a graphical representation of the reversal points for stocks in an uptrend. The pattern is reversed for stocks that are in downtrends.
After a stock makes a move to the upside (A), it can then retrace a part of that move (B), before moving on again in the desired direction (C). These retracements or pullbacks are what you as a swing trader want to watch for when initiating long or short positions.
Once the stock begins to pull back (retrace), then you can plot these retracement levels on a chart to look for signs of a reversal. You do not automatically buy the stock just because it is at a common retracement level! Wait, and look for candlestick patterns to develop at the 38.2% area. If you do not see any signs of a reversal, then it may go down to the 50% area. Look for a reversal there. You do not know if or when the stock will reverse at a Fibonacci level! You just mark these areas on a chart and wait for signal to go long or short.
How To Draw A Fib GridSo how do we identify Fibonacci patterns on a chart. Easy, we draw a Fibonacci grid (fib grid) using swing points.
Draw the fib grid from the swing point high and the swing point low of a swing. Your charting software should come with this feature. It is a standard option on most charting packages. If not, you can calculate it manually by using this formula:
Calculate the range from the swing point high to the swing point low.
Now multiply the range times a Fibonacci ratio – 38.2% (0.382), 50% (0.500), and 61.8% (0.618).
Finally, subtract that number from the swing point high. That will give you your Fibonacci levels.
Nice trade!

Power Grid BUYand Hold, CMP Rs98.00 Target Rs 108-112

The stock has been consolidating in a narrow range between the levels of Rs90-100 from last one month. On Friday, the stock attempted to break-out from the upper-end of this trading range. Moreover, on the daily chart, the stock has formed a Bullish Harami Candlestick in which a large candlestick is followed by a smaller candlestick whose body is located within vertical range of the larger body. The daily RSI is in strong buy mode. The stock has closedabove all its key daily moving averages. A moveAbnormal change in deliverypast the levels of Rs99 could take the stock Stock towards the levels of Rs104-106 in the short-term. Keeping in mind the above-mentionedevidences, we recommend high traders tobuy the stock between the range of Rs96-99with a stop loss of Rs94 for an initial targetof 108.

The Way ahead

The Way ahead.....

The bulls may have found their winning ways for Developed market quite some time now. But the bears will hope Some profit booking will bring them into focus sooner than later. Thereafter chart its own course depending on what investors expect in todays monetary policy. On the positive side, bulls will hope some rate cut takes place. The cacophony of the Lok Sabha elections continues with the market more or less pricing in a fractured verdict. These concerns will play up closer to the election results next month.
For now the larger market seems to be quite ignoring the corporate results though stockspecific activity will continue depending on the results. Though the mood remains positive a much need cooling has evaded the market for some time.
Globally, investors are hoping that companies deliver results which show signs of revival and are hoping that firms, especially in the financial sector are not sitting on any landmines.


Search This Blog