AN 'OUT OF THE BLUE' MONDAY...?

FROM AN EXPERIENCE 

DO’s & DON’Ts OF INTRADAY TRADING

It seemingly looks to be the simplest and the most rewarding. But in intraday trading one has to be very fast and quick and have to be on your toes always, so there are certain rules which one has to keep in mind.

If index is in positive from yesterday and the share you are holding is in minus then it should be cut and if intraday trend of index is in buy then one should buy a stock in which is in plus.

If index is in minus then one should look to short stocks which are minus and not stocks which are in plus.

It is not necessary that a stock which is weak today during intraday trading might be weak tomorrow also, simultaneously if a stock is strong today might not be strong tomorrow

If US Markets have gone up overnight, the markets here in all probability will open strong, so one should be quite careful when buying stocks as the general psychology of public is to buy when good news is there.

Being a contrarians is very important while trading intraday.

Stop loss is a must while trading intraday.

Always trade in very liquid stocks i.e. which have very high volume because as entry and exit can be very fast in such stocks.

Do paper trading before you actually start trading so that when you start making paper profits, then shift to actual trading.

Keep your volume constant e.g.: if you trade in five lots of nifty future then trade in five lots only. This position can be increased only when you are satisfied with your trading for a month. It should not be that one day you buy five lots and next day you trade in ten lots and third day you get a loss and stop trading for two days.

Fear and Greed are at maximum levels while trading intraday so always have less position when you are new to intraday trading as otherwise you will be mostly under tension.

                                                                                       (to be contd)

A GENERAL VIEW OF NIFTY WITH CHARTS

Watch these three charts given below very carefully..

CHART 1 (WEEKLY CHART OF NIFTY INDEX)

We see a clear HEAD & SHOULDERS Pattern standing in a slanted trend line (Breaking point around 5300)

in the below set Weekly chart.. Do You..?

CHART 2 (EOD CHART)

365 DAYS EXPONENTIAL MOVING AVERAGE AROUND 5400 WILL HELP NIFTY SPOT TO BOUNCE BACK …?

Shall we see 5400 & 5300 shattering and even smashing 5177 level too in forthcoming weeks ???

Do not worry about the levels – We will update it after watching whether 5400 or 5300 becomes a support or not.

CHART 3 (EOD CHART OF NIFTY SPOT)

*( Literally) A MILLION DOLLAR QUESTION - 3^rd  WAVE

  STARTED OR NOT ?????

Put out of your mind about ECONOMY, INFLATION, POLITICAL ISSUES and BLUE CHANNEL BLA-BLAs

Anything can happen in India tomorrow..

JUST WAIT FOR THAT BUDDIES..

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES – MAY 9^th

A NOTE:
Friday closing – 5547.95

Since 27^th of April the very first day on Friday(May 6^th)

Nifty Futures had closed above 

3 Days Exponential Moving Average

Some resistance @ 5580 is seen on an EOD chart today.

So, how will be the movement after this…?

Watch 5561 closely today..

If cuts and sustains above 5561 for 10-15 minutes

a sure hike upto 5580 is possible

Decisive cross over well take Nifty Futures to 5596-5613

At the maximum upto the 7DEMA-5613,

hike is allowed technically today.

On the other hand,

If Nifty Futures trades below 5560

for 15 minutes an intraday slide upto 5533-21

and 5509-02 is very much possible.

What if kisses 5500 and take a turn?

or hits 5596 and start a downward rally ?

More details only to the subscribers..

Join hands soon

and get more valuable tips in market hours

SHARE TIPS TODAY (MAY 9^th  )      

1) Sell SKSMICRO @ 331.20

    T1 – 327.10

    T2 – 323.50

    T3 – 317.30

2) Sell CHENNAIPETRO @ 213.30

    T1 – 210.30

    T2 – 208.55

3) Sell ONMOBILE @ 111.90

    T1 – 110.15

    T2 – 108.75

4) Sell RPOWER @ 117.30

    T – 114.50

Disclosure:

1. Stoploss levels, reverse trades are exclusively to the subscribers.

2. Solely I have all the rights to stop this free tips

at any moment.

Subscribe as soon as possible and earn more.

Join hands with us and enjoy pals.

WHAT IS FISHY...?

(Wall Street Journal) Silver Is Down, but China Is Still Buying

Silver is sinking even further Friday morning, as investors follow

George Soros and John Burbank in dumping the precious metal.

Silver on Tuesday suffered its worst one-day drubbing in three 

decades. In a troubling sign for silver bulls, silver futures are down 

to about $40.45 per troy ounce, down more than 12% over the first 

two days of this week. Gold is unchanged, highlighting the

difficulties silver is having.

For months, professional and individual investors piled into silver

to protect against weakening value for the greenback, and to guard

against a pickup in inflation. Precious metals often serve as an

alternative to paper currencies.

The U.S. dollar has fallen 9% so far this year compared with a 

basket of major currencies, through Tuesday, boosting the silver 

trade. Many smaller investors favor silver investments over gold,

partly because silver is more affordable, earning it the sobriquet 

“the poor man’s gold.”

Silver fans have this possible arrow in their quiver: Signs that the 

Chinese are stilling buying, according to traders.

“If the Chinese weren’t significant buyers I’d be shorting right now,”

 said a hedge-fund manager with a major position in gold and silver.

And precious-metal believers still have John Paulson to lean on – 

he told investors at a breakfast on Tuesday that he expects gold to

 hit $2,500 to $4,000 in the next three to five years. Gold now trades

 at more than $1,530 an ounce.

Paul Touradji of hedge fund Touradji Capital Management LP also

is holding on to his sizable gold and silver positions, according to

someone close to the matter.

TRADING IS NOT GAMBLING – TRADERS ARE

"Despite the fact that gambling and trading are two very different

 things; many traders seem to behave as gamblers instead of day

traders.

In gambling the winner would like to believe that he has an

unstoppable streak of good luck and will try to ride his momentum

until he gives all his winnings back to the casino.

The loser, on the other hand, will try to get out of their bad luck by

risking all his money in belief that he will be able to win back all

the money he's lost. In trading unsuccessful traders work in this 

manner.

True trading is not like gambling though. Unfortunately, most traders

who have not reached maturity tend to act in this manner and over

trade for the same objective as a gambler…"

Theoretically, day traders should be able to get over the practices 

of a gambler. He must try to evolve from this point until he becomes

a strategist. This can only be achieved though through developing

the necessary skills, the discriminatory attitude and the realization

that the market moves in a certain way and this way should be 

discovered.

There are no secrets to day trading though. Everyone should realize

that the behavior of the market is a bit predictable by using

indicators and patterns which have existed before.

Everyone should also recognize the truth that the market works

in a psychological way and one must only develop keenness to this

reality. Also, everyone should acknowledge that skills take time 

to develop and once they start to build-up, the trader will also

start to become more efficient in the trade.

Overtrading does not work in this business. Those who practice this

technique either have no sufficient knowledge in this field or have 

not out grown the common attitudes of the amateurs which depend

highly on their priorities.

"…The most common reasons why amateurs over trade are

 a)they trade to confirm that they are good and that their system 

works

 b) they are stretching their limits to prove that they can make

 profits whenever possible

 c) they try to get off with the emotional burden especially when

 they are losing their trade by selling or re-entering the market if the

 signs are good enough for them,and

 d) just like the gambler they only want to take advantage of their

 luck to win back their losses…"

(Refer to ‘OUR POLICIES’ in blog archives

regarding queries)

For further details,

Contact Admin (Analyst) @

(0)9788563656

MESSAGE TODAY

A moment's insight is sometimes worth a life's experience.
                                           -OLIVER WENDELL HOLMES

RELAX CORNER

REALLY AMAZING BETWEEN 7:08 and 8:35 minutes - JUST WATCH IT GUYS

JUST SMS TO YOUR PAL

Failure is unimportant. It takes courage to make a fool of yourself.

                                                                              -Charlie Chaplin 

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 ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

BIN LADEN DEAD - WILL IT HAVE ANY IMPACT ON STOCK MARKET...?

 Washington: Osama bin Laden is dead and his body has been recovered by US authorities, US officials said on Monday morning.

President Barack Obama was to make the announcement shortly that after searching in vain for bin Laden since he disappeared in Afghanistan in late 2001, the Saudi-born extremist is dead.

It is a major accomplishment for Obama and his national security team, having fulfilled the goal once voiced by Obama's predecessor, George W Bush, to bring to justice the mastermind of the September 11, 2001, attacks.

As of this moment DOW JONES INDUSTRIAL AVERAGE FUTURES are up triple digits @ 100.
This climb due to Osama's death is only temporary, and further rise should already be attributed to actual data like earnings, good economic results etc.

PERPLEXING MONDAY...?

FROM AN EXPERIENCE

Average Winners Not Losers:  It is not “don’t frown, average

down”; it is applying the discipline to cut losers short and adding

to winners that separates the successful from the unsuccessful.

If you have a winning stock then add to it.  If you have a losing

stock then get rid of it.

Get some tips here as well.

                                     

§                     Never over trade

§                     Withdraw portion of profits

§                     Never average your losses

§                     Take big profits and small losses

§                     Keep your charts up to date

§                     Bear markets have no support and bull markets have no resistance

§                     Control what you can; manage what you can not

§                     Avoid partnership in trading accounts

§                     The human side of every person is the greatest enemy of successful trading

§                     Decrease your trading after a series of successful trades

                                                                                                             (to be contd)

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES – MAY 2^nd 

No problem for bulls today above 5734

Above 5734 Nifty futures touches

5783-95 for sure.

Good resistance between 5810-18 today.

Support @ 5733

Suppose if cuts & stays below 5733

for 15 minutes watch a slide upto

5700-5695

All these levels are valid

only if market permits a normal opening

What if  touches 5795 and take a turn…?

or slides upto 5734 and take a U turn..?

More news & levels only to the subscribers.

SHARE TIPS TODAY (MAY 2^nd )      

IMPORTANT NOTE

Leave first 5 minutes of trade

before you enter into any of the following scrips and

never touch any one of them that has already

reached T1 or T2 before you short it.

Given Levels are for Cash

If you want to trade in future, take the

corresponding levels when these levels are attained

in cash (use it for both entry and Target)

Regarding stops, use your own

or subscribe us to get the accurate stop loss levels..

Watch BEARS taking out the entire juice of the

following scrips today

RELISH WITH THEM BUDDIES.

1) Sell KIRIINDUS @ 239.25

    T1 – 236.60

    T2 – 233.75

    T3 – 230.75-227.25

2) Sell LT @ 1593

    T1 – 1583.15

    T2 – 1573.15

3) Sell UNIONBANK @ 318.90

    T1 – 316.30

    T2 – 313.35

4) Sell SASKEN @ 159.80

    T – 156.50

5) Sell JINDALSTEL @ 654

    T – 650.35

6) Sell IRB @ 175.50

    T1 – 173.25

    T2 – 171.75

   

Disclosure:

1. Stop-loss levels, reverse trades are exclusively to the

    subscribers.

2. Solely I have all the rights to stop this free tips

    at any moment.

    Subscribe as soon as possible and earn more.

   Join hands with us and enjoy pals.

1. “There is no such thing as easy money”

2. Events that you think are affected by 

    cardinal announcements like the

    employment numbers at 8:30 am on

    Friday are often known to many 

    participants before the announcement

3. Markets that have little liquidity are almost impossible 

    to profit from.

4. When the stock market is way down, policy makers take

   notice and do what they can to remedy the situation.

5. The market puts infinitely more emphasis on ephemeral

    announcements that it should.

6. It is good to go against the trend followers after they have

    become committed.

7. The one constant, is that the less you pay in commissions,

    and bid asked spread, the more money you’ll end up with

    at end of day. Too often, a trader makes a fortune on the 

    prices showing when he makes a trade, and ends up losing

    everything in the rake and grind above.

8. It is good to take out the canes and hobble down to

   wall street at the close of days when there is a panic.

9. A meme about the relation between today’s events and 

   those of x years ago is totally random but it is best not

   to stand in the way, until it is realized by the majority of

   a susceptible swarm.

10. All higher forms of math and statistics are useless in

      uncovering regularities

MESSAGE TODAY

Experience, if we only learn by it, is cheap at any price.

                                                                           -IVAN PANIN

RELAX CORNER

JUST FOR LAUGHS

JUST SMS TO YOUR PAL

I don't think you are a fool, but what's my opinion compared 

to that of thousands of others

Refer to ‘OUR POLICIES’ in blog archives

if you have any queries)

For further details,

Contact Admin (Analyst) @

(0)9788563656

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 ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.