I hope you all noticed what happened at the weekend (Friday)?
Exactly as predicted through Daily chart (Final Support @ 5245) in the pre market hours of the day, Nifty-futures took a support @ 5246 by 9:35am, took a sharp turn to kiss 5284, came to 5247 @ 1:40 pm, again took the support at the very same level, and went near 5295
(Registered Day high is 5394.80)
And then again slides upto 5257..
I know you would have lost some thousands in a single day because of your emotional trading on Friday’s volatility,
Our subscribers do not...
And that’s ‘tradersharmony’ for you friends.
Many websites including ‘M.Bhavishya’ telling their own intraday targets such as 5236-5222 bla-bla-bla-bla
Yeah …We know it is going to reach…
but what about the wallets of intraday traders Mr.Bhavishya?
Know a sure thing pals..
These guys know very well the intraday targets.
They advice one in their space and come out of the position even before 10-20 pts.of their own recommendation, when they do trade.
Beware of things...
Moreover, all these things were predicted here perfectly at the end of March.
(Do you remember…?)
Do you need more from a free blog friends?
Still I say,
If you loose your bucks on that volatile week end, don’t worry..
Just Relax.
Worrying about the past in Stock Market or life is meaningless.
It is like dwelling in the question papers of completed exams.
Get your updates in the pre-market hours
here and make up your losses.
Dear Investors,
Be very cautious at these levels
Market will come down and give a great opportunity in 3-6 months to invest in any blue-chip shares.
So no worries...
Just wait with your bank balance.
TRADING = GAMBLING...?
There is a very thin line. I should say that most traders are gamblers.
Even people who refuse this attitude, start gambling in this business without their knowledge during trading hours.
But some use markets as a substitute for a casino very frankly.
Here are some of the sign posts that you have crossed the line.
This is for the traders who really want to do trading as a business..
GAMBLERS CAN SKIP IT.
1. IF you enter trades without a clear trading plan, you just might be a gambler.
2. IF you trade just to trade, you just might be a gambler.
3. IF you get tired of the movement and enter a trade, you just might be a gambler.
4. IF you look at potential profit before assessing potential loses, you just might be a gambler.
5. IF you have no impulse control, you just might be a gambler.
6. IF you have no methodology, you just might be a gambler.
7. IF you rely on others for your trading decisions, you just might be a gambler.
8. IF you do not take full responsibility for your trading outcomes, you just might be a gambler.
9. IF you increase your risk due to losses, you just might be a gambler.
10. IF you do not use stop losses or do not adhere to them, you just might be a gambler.
11. IF you get an adrenaline rush while you enter a trade, you just might be a gambler.
ALERT
Veritas India : Rise of 4810% in 32 Weeks.
I am not interested in Fundamentals or Technicals of this stock. Just appoint a detective and find anybody in India.. to know What this company do ? THAT'S INDIAN MARKET FOR YOU
I need you (traders) to know the short-term view of NIFTY FUTURES (calculated from March 31)
You can clearly see a box (a rectangle pattern) above the trend line in the EOD Chart of Nifty Futures, which indicates that the break out (of the box) will cause an important influence in Future Market before the expiry of this month.
(DOUBLE CLICK TO ENLARGE & HAVE A CLEAR VIEW)
Moreover, as predicted exactly 5300 & 5400 APRIL ‘CALL’ option filled our subscriber’s wallet as much as possible before the end of 1st week of this month itself.
Of course greedy fell into pit once again…No doubt.
I had already written
(Pls. Verify the posts (MAR 25 – APRIL 1) that Nifty would start its decline around APRIL 15..
Now you are all seeing what is happening.
Dear friends, pls do not get addicted to day trading and put your burdens & pressures on other’s shoulders.
Relax and get the updates whenever it is available here at the very same space and mint some decent money with your smart moves.
Dear Investors,
Be very cautious at these levels
Market will give a great opportunity in 6 months to invest in any blue-chip shares.
So no worries...
Just wait with your bank balance.
By the way before you start trading please read this twice atleast everyday..
TRADING QUOTES
· “Most traders take a good system and destroy it by trying to make it into a perfect system.”
· “Trade what you see, Not what you think”
· “A Technician is an Artist and Technical Analysis is the Super Skill of discovering sharp and compact Charts and Patterns depicting Trends and Targets with Precision and Perfection.”
· “Identifying the “Rhythmic Flow” of Financial Instruments for skimming the crème, quietly and consistently is the fascinating nature of the Technician’s profession.”
· “Like any craft, such as piano playing, perfection may be elusive – I’ll never play a piece perfectly, and I’ll never buy the low and sell the high – but consistency is achievable if you practice day in and day out.”
· “You never need to chase a trade. The market has plenty of opportunities. The money runs out before the opportunities do.”
· “Good trading is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.”
· “Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on.”
· “At all levels of play the secret of success lies not so much in playing well as in not playing badly.”
· “Experienced traders control risk, inexperienced traders chase gains.”
Alan Farley
· “Time is your friend; impulse is your enemy.”
John (Jack) Bogle
· “When reward is at its pinnacle, risk is near at hand.”
John (Jack) Bogle
· “Rule no. 1 is never loose money. Rule no. 2 is never forget rule number one.”
Warren Buffett
· “Look at market fluctuations as your friend rather than your enemy. Profit from folly rather than participate in it.”
Warren Buffett
· “I paraphrase Lord Rothschild: The time to buy is when there is blood on the streets.”
David Dreman
· “It is absurd to think that the general public can ever make money out of market forecasts.”
Benjamin Graham
· “The whole secret to winning and losing in the stock market is to lose the least amount possible when you are not right.”
William J. O Neil
· “It is not whether you are right or wrong that is important, but how much money you make when you are right and how much you lose when you are wrong.”
George Soros
· “If you want to have a better performance than the crowd, you must do things differently from the crowd.”
John Templeton
· “My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner.”
Burt Dohmen
NOW
DAY TRADING STRATEGY
OF NIFTY FUTURES (APRIL 16th )
If and only if Nfutures cuts 5323 (3 Days EMA) and stays above for 20 min.
We can watcha hike upto 5355-5375 in a session or two
If not cuts 5319
A slide upto 5245 atleast is possible..
More details, fresh entries during trading hours for the subscribers..
(Please refer to ‘OUR POLICIES’ before you leave the site)
Contact Admin (Editor) @
(0)9788563656
&
(04142)236656
-Mahindeesh (a) Sathish
Cuddalore-2
Tamil Nadu
India
KNOW YOUR BUSINESS JARGON (Continued…)
(Presented in an alphabetical order)
TODAY’S LESSON
76) AT THE OPEN: An order to buy or sell at the opening of trading at the opening price. This has a much better chance of being executed if the order is not filled, it is cancelled
77) AUCTION MARKET: The stock market is an auction market, in as much as buying and sellingare done through open bid offer, as distinguished from the OTC (Over The Counter ) Market where prices are negotiated.
78) AUCTIONING OF AN ISSUE: A method of structuring an issue, this involves auctioning an issue to the
investor. An issue may be marketed with a floor premium and a maximum premium, say, Rs.10/- & Rs.50/-. Those who offer the best premium get the allotment first, and the allotment is continued by accepting the next best till the issue is completely subscribed. If there is an over subscription at any level and below, the usual method of proportionate allotment is followed.
79) AUDITOR’S REPORT: A report presented at the AGM of the shareholders of a company, it is mandatory part of the annual report. The company auditor is independent and is employed annually by, and the reports, the shareholders. He examines the company’s accounts, inspects records and reports on the manner in which the company’s funds have been managed.
80) AUTHORIZED ASSISTANCE: Members of stock exchange may authorize persons to buy and sell in the market on their behalf, making it possible for them to enter the floor of the exchange. All that the assistants do are the responsibilities of the member.
(To be contd…)
TODAY’S QUOTE
It is the glory and good of Art, That Art remains the one way possible Of speaking truths, to mouths like mine at least. - ROBERT BROWNING, The Ring and the Book
We try to tag along (or bear in mind)
TODAY’S QUOTES in day-to-day life, in our business united with our own innovative thoughts.
RELAX CORNER
JUST SMS TO YOUR PAL
I need you to know our friendship means a lot -
If you cry then I cry,
if you laugh then I laugh..
if you jump out the window
I look down then.... I laugh again
DISCLAIMER:
THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISOR BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.
Please know the overall view of the NIFTY SPOT (calculated from 8th JAN 08) with some important FIBONACCI RETRACEMENT LEVELS
Traders and Investors should be very very careful when Nifty Spot touches 5575 and after that 5855.
WHY & HOW…?
LOOK AT DAILY CHART OF NIFTY SPOT.
You can clearly see the complete corrective wave of (6357.10-2252.75) is about to reach the end @ 5575
It reveals that at these levels 5575 & 5855
it is going to start a correction and that would be too heavy.
DOUBLE CLICK ON THE CHART & HAVE A CLEAR VIEW
AGAIN I REMIND YOU THIS IS AN OVERALL VIEW
(NOT A SHORT TERM WARNING)
So dear long-term investors,
Just let your funds in
SB/RD/CURRENT/FIXED
Accounts for now.
Market will give a great opportunity in 6 months.
NOW
DAY TRADING STRATEGY
OF NIFTY FUTURES (APRIL 12 )
Watch Nfutures kissing in any type of opening (Gap or normal) 5380, and it goes to bull’s court
If and only if it stays above this level for 20 min.
Then watchan intra day hike upto 5405 at least
Otherwise…
A slide upto 5334 is possible..
But also remembera strong support@ 5345 (3 Days Exponential Moving Average)
in the middle.
More details during trading hours..
(Please have a look @ ‘OUR POLICIES’ before you leave the site)
Contact Admin (Editor) @
(0)9788563656
&
(04142)236656
-Mahindeesh (a) Sathish
Cuddalore-2
Tamil Nadu
India
KNOW YOUR BUSINESS JARGON (Continued…)
(Presented in an alphabetical order)
TODAY’S LESSON
71) AT BEST: When an investor places an order with a broker at best, he is not setting a price limit for buy or sell, but is leaving it to the discretion of the broker to transact the deal at the best possible price. Such orders are usually filled, whereas orders with buy or sell limits may not always be executed.
72) AT PAR: A price equal to the face value of a share, i.e., if the face value of a share is Rs10/-, it is being issued or selling at Rs10/-
73) AT THE CLOSE: Customer’s order to buy or sell within the final 30 second of trading. Order not always fulfilled.
74) AT THE MARKET: Option trading term, meaning that a CALL option has a market price for the optioned stock which is approximately the same as the call’s exercise price. Similarly, with the PUT option.
75) AT THE MONEY: Option contract on a share whose current market price is the same as the strike price of a call or Put option.
(To be contd…)
TODAY’S QUOTE
Every work of art is an uncommitted crime.
-THEODOR WIESENGRUND ADORNO
We try to tag along (or bear in mind)
TODAY’S QUOTES in day-to-day life, in our business united with our own innovative thoughts.
RELAX CORNER
JUST SMS TO YOUR PAL
If I could rearrange the alphabet,
I'd put U and I together
DISCLAIMER:
THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISOR BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.
