*
The ability to change one’s mind is probably a key characteristic
of the successful investor. Dogmatic and rigid personalities rarely,
if ever, succeed in the markets.
The markets are a dynamic process, and sustained investment
success requires the ability to modify and even change strategies
as markets evolve.
*
Trading is based on our hypothesis. In other words trading
amounts to our educated guesses, which means the more you
invest in your education, the more likely you are to find yourself
on the right side of the trade. One of the most widely overlooked
parts of trading education by traders is the study of past charts.
I make personal videos, so that like a football team I can
review my plays and create better strategies.
Your chart will tell you almost every thing you need to know
to get on the right side of the trade. The one thing it doesn’t
tell you is what is going on behind the scenes and it will even
give you a hint to that most of the time.
Your bullish/bearish ENGULFING patterns are evidence
that there are some secrets that the market keeps to itself.
Mastering your candlestick psychology, your
support/resistance, and your trendlines are things that you want
to major on and learn well. You may not win every trade,
but having a firm foundation on these simple techniques
can greatly increase your odds of a successful trade. I think
the more simple your charts, the better and easier it is for
you to enter a good trade.
Sometimes you will have the perfect trade set up and all of your
analysis will be right and you will find yourself on the wrong
side of the trade. No big deal, it happens to all of us, review
that trade and see if you can identify the error. When you have
reviewed it, look for the next trading opportunity.
There is NO PERFECT TRADING STRATEGY!!!!!!!
This is only a guessing game for those of us who like to play
the odds. The better your education, the better your odds
will be against the house.
(to be contd)
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – JUNE 13
Resistance today @ 5507-17-24 levels..
In a normal opening today,
Fresh Short is sturdily advised around 5525
with the stop of 5550
Intraday targets – 5496-5487-5478-5464
Good support @ 5464 is seen all over the week
If breaks that too with good volume,
see a non-stop slide upto 5430
Option players can go for 5500 PUT or 5400 PUT
around 5525 with the same stop and targets
of Nifty Futures
Friends, Traders unknowingly got locked in 5200 PUT
can average around 5525 with the
same stop (5550) and exit around 5470.
Again we insist that above recommended is applicable
ONLY IN CASE OF NORMAL OPENING
(i.e below 5500-05) today..
(Range bound today in a normal opening
– from 5464 to 5525)
Suppose,
If Nifty Futures opens above 5507 and cuts 5517 with
volumes and sustains above 5517 for 15 minutes,
then see a sure intraday hike up to
5544 and then upto 5562-76
In such a GAP UP opening,
resistance is seen @ 5544 & 5576
Avoid fresh shorts in a GAP UP opening till 5576
A note for the BULL followers
Nifty Futures should cross 5576 decisively with volume
and sustain above the level atleast for half an hour
to go into the bulls hands (for medium term)
in forthcoming sessions.
SHARE TIPS TODAY (JUNE 13)
1) Sell ASIANPAINTS @ 3057
T – 3033.550
2) Sell HEROHONDA @ 1715
T – 1701.75
3) Sell HINDPETRO @ 364.75
T – 362.50
4) Sell JSWSTEEL @ 893.50
T – 888.50
5) Sell ESSAROIL @ 125.15
T – 123.20
6) Sell MPHASIS @ 455
T - 451.50
7) Sell BAJAJ-AUTO @ 1320.50
T – 1310.50
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.
SBI BREAKS RULES ON LOANS TO RELIANCE IND
The public sector lender,
which also
has significant exposures to troubled Air India besides
certain telecom firms being probed
in relation to the 2G scam,
has now disclosed that its credit
to RIL was in excess of the limits prescribed under the
RBI’s prudential credit norms.
Detailing the cases where it breached prudential limits
for single-borrower exposure during the fiscal ended
March 31, 2011, SBI has named RIL as also public sector
majors Indian Oil and BHEL as three such borrowers in its
annual report.
This is the third straight year when SBI has exceeded the
single-borrower ceiling with regard to RIL,
as per the bank’s annual reports for the past three
financial years.
However, the bank brought down its exposure to RIL
within the limit on the last date of the previous fiscal,
ie March 31, 2011, according to the SBI annual report.
The public sector lender had provided credit in excess
of prudential norms to RIL during 2009-10 and 2008-09 also.
During the year 2009-10, the bank’s credit exposure was in
excess of prudential limits for Reliance Industries,
Indian Oil Corp (IOC), BHEL and Tata Group.
Prior to that, SBI exceeded prudential credit limits during
2008-09 with regard to its exposure to RIL and IOC.
As per RBI guidelines, the exposure ceiling limits are 15 percent
of capital funds in case of a single borrower and 40 percent
of capital funds in the case of a borrower group.
However, the credit exposure to a single borrower can go
up to 20 per cent, if the additional 5 per cent exposure is on
account of extension of credit to infrastructure projects.
Similarly, the credit exposure to borrowers belonging to a group
may go up to 50 per cent, if the additional 10 per cent exposure
is for credit to infrastructure projects.
The bank’s exposure to telecom companies recently came
under criticism as some of these companies are facing probes
in connection with the 2G scam involving alleged breach
of regulations in allotment of licenses.
In an analyst conference after the bank’s full-year results
for 2010-11, SBI disclosed that its exposure to telecom
companies was Rs 22,600 crore (3 per cent of its loan book),
while exposure to telecom companies under investigation was
Rs 1500 crore.
Besides, its exposure to airline companies, including troubled
Air India was Rs 4,500 crore.
The bank also disclosed a total exposure of
Rs 1,00,000 crore in the infrastructure sector, including
Rs 30,000 crore to the power sector.
With regard to single-borrower exposure limit exceeded in
2010-11, SBI said in its annual report, that its credit to
RIL breached the prudential ceiling on three occasions
during the year — between April and July 2010,
from August to October 2010 and from November 2010 to
February 2011.
Between April and July 2010, SBI’s exposure to RIL was
Rs 15,815.48 crore, as against a ceiling of
Rs 13,646.26 crore, while the exposures exceeded the
respective limits by well over Rs 1,000 crore on two other
occasions also.
The outstanding exposure to RIL as on March 31, 2011
stood at Rs 5,645.44 crore, which was within the limits.
For IOC and BHEL also, the credit exposure exceeded
the ceiling on three occasions during 2010-11.
During the year 2009-10, the credit exposure exceeded the
prudential ceilings on three occasions each for IOC,
RIL and BHEL, while the exposure was in excess of the
limit for Tata Group on two occasions.
For 2008-09 also, the credit exposure was in excess of the
permitted level on three occasions for both RIL & IOC
5 POINTS BEFORE YOU TRADE
# Concentrate on what is important. The most important thing when
I am trading is profit and education,
to some extent.
You can get to profit many ways but
your actions need to all
bend towards that one objective.
Me talking about my position
takes me away from analyzing the
position. Also, for me,
it makes me less flexible.
Now I am thinking about what the market is doing
and how I look to other people.
Also, if you are going to talk your book the most effective
way is to get out into it, albeit the most unethical.
# Start with a logical thesis. For example, leave out the fact
that you said the following about the company
“offers a useful, attractively priced service to customers,
is growing like wildfire, is very well managed, and has a
strong balance sheet,” but still decided to short the company
anyways. I realize this statement does not always mean a
stock price is going to rise but the next logical step does
not mean the stock is going down.
# Follow your plan. Do not make reference to your strategy
as the following “outright frauds (our very favorite),
industries in decline or facing major headwinds,
weak or faddish business models,
bad balance sheets, and incompetent,
excessively promotional and/or crooked management”
and not follow it. See above statement.
# Do your research before you make a trade.
Don’t use anything with the word “monkey” in it for
research purposes and tell someone about it.
Also, 500 people is not a very big sample size.
# And finally, don’t act like a loss is the end of the world
or a win. If you are doing the right things, your best and worst
days are always ahead of you. After the trade is over the next
trade is the most important, once again assuming you are doing
the right things.
Nothing is ever going to prevent you from losing but there
are several things that can prevent you from winning
over a long period of time.
CNBC : Creating News & Broadcast Cheating...?
தில்லு முள்ளு...தில்லு முள்ளு..
சேனல் எல்லாம் கல்லு முள்ளு..
ஆயிரம் செய்திகள்..
ஆயிரம் மோசங்கள்..
பூனைக்கு மணி கட்டுமா SEBI...?
Once again this blue channel flashes a blunder :- The TV screen shot of CNBC TV18 (on June 9th 13:40hrs)
is given below
Mkt price of Patel at that time is 156. Flash says 1 crore shares
bulk deal at 441.
How can it happen ??? - Impossible by any means.
Its 52 week high itself is far below 400.
Now the quantity!!! 45% of Promoter holding,
as per NSE website, is about 3 cr shares out of total equity
of about 7 cr shares.
Have Promoters sold 1/3rdof their equity at triple the market price !!
The buyer, if at all, must be one of the overseas black-money
account holder whom Anna-Ramdev duo is crusading.
The notable point in this TV Visual is that it doesn’t have any tags
like “Sources”, Street-Talk, etc.It looks as if its an extract from a
legible reporting or an announcement of authenticity.
Based on such clippings if any active trader dives into the stock,
what’s his fate..?
We have searched all Newspapers, Internet,
NSE web-site, etc but no news about this flash. Nothing is stated
from company side too.
Who the hell going to bell this ugly media cat CNBC?
Is it hand-in-glove with some operator to assist in off-loading
the position.
CNBC appears to be flashing sponsored news for a price and
a part of Indian stock rigging.
OUR HUMBLE ADVICE TO THE TRADERS
If you want to gamble,
go to Las Vegas.
The markets are not the
place to look for action.
They are serious business
and gamblers will be
liberated of their money
in very short order.
There are no comped
rooms, pretty girls,
or free drinks
when you lose.
So approach this with
the same sense of
dedication you would give to the most serious profession.
If you learn to succeed, trading for a living can be one of the
most rewarding endeavors you could ever pursue.
SIVASANKARAN ABOUT MARAN
(Refer to ‘OUR POLICIES’ in blog archives
if you have any queries)
For further details,
Contact Admin (Analyst) @
(0)9788563656
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If we let things terrify us, life will not be worth living.
-SENECA, Epistles
RELAX CORNER
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