THIRSTY BULLS THURSDAY

FROM AN EXPERIENCE

The psychological factor for investing has 5 areas. These include a well-rounded personal life, a positive attitude, the motivation to make money, lack of conflict [such as psychological hang ups about success], and responsibility for results.

-Dr. Van K. Tharp (a psychologist specializing in working with traders)

The composite of a losing trader would be someone who is highly stressed and has little protection from stress, has a negative outlook on life and expects the worst, has a lot of conflict in her/her personality, and blames others when things go wrong. Such a person would not have a set of rules to guide their behavior and would be more likely to be a crowd follower. In addition, losing traders tend to be disorganized and impatient.

Many people actually want to lose on a subconscious level.

Won’t- Phrases include: “The market won’t…” or “I won’t make money”. Notice a theme here? You are part of the market, you are not the market. Not getting what you expect, even if it is positive, confuses the brain. If you expect to lose and don’t it is still a bad outcome. Your brain is going through enough as it is. The market is a one way walkie talkie, you listen, it talks.

Can’t- Phrases include: “The market can’t..” or “I can’t…” or “I can’t lose anymore”. Yes the market can, go look at a chart. Go look at a Fed day or about any chart from 2008. Not only can it happen, it does happen. There are no more once in a lifetime moves in the market. There are and always have been life changing moves. No one ever said trading was easy but at least in the case of futures someone is taking your money. If you think you can’t, you probably wont. The market will take every penny you have. If can take every penny you put at risk. Fix the problem, when you run out of money it is too late.

LEVELS OF NIFTY FUTURES FOR AUG 16

MAGICAL FIGURES TODAY - 5420 & 5444

NEARBY RESISTANCES NOW @ 5452-5521-5565

NEARBY SUPPORTS NOW @ 5365-47

Day’s Resistance @ 5439-51

Day’s Supports   @ 5396-82-65

If cuts 5410 & trades above the level for 5 minutes see a non-stop hike upto 5438-50

Suppose if trades below 5409 for 5 minutes see an intraday slide upto 5382 for sure

PROPHECIES ;) OF YOUR TRADERSHARMONY 

We had already mentioned in our earlier posts that one should not hold short above 5262 and long below 5212

And also the levels of Nifty Futures that shall kiss after 5342

And now everything is being proved live in front of your eyes.

As per our prediction Nifty Futures surely going to fly upto 5521 & 5564 - (Already crossed 5400 day before yesterday) – JUST WAIT & WATCH

All you need is patience

Already our clients in 5500CE & 5600CE of AUG OPTIONS are in excellent yield but still holding it to make it huge.

Join hands and enjoy all the benefits with us buddies – Everyday everything cannot be given at zero cost – We firmly believe, any product or information that comes at free of cost will have no esteem – Subscribe us as early as possible for a swift raise in your bank accounts.

ALL THE VERY BEST

JULY INFLATION @ 6.87%

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month July, 2012 rose by 0.4 percent to 164.8 (Provisional) from 164.2 (Provisional) for the previous month.

 INFLATION

 The annual rate of inflation, based on monthly WPI, stood at 6.87% (Provisional) for the month of July, 2012 (over July, 2011) as compared to 7.25% (Provisional) for the previous month and 9.36% during the corresponding month of the previous year. Build up inflation in the financial year so far was 2.36% compared to a build up of 3.14% in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group rose by 1.1 percent to 218.8 (Provisional) from 216.4 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for ‘Food Articles’ group rose by 1.4 percent to 212.2 (Provisional) from 209.2 (Provisional) for the previous month due to higher prices of gram (10%), arhar (8%), bajra (7%), moong (6%), ragi (5%), urad and fish-marine (5% each), coffee and condiments & spices (4% each), masur and rice (3% each), egg, maize and milk (2% each) and fish-inland, barley and wheat (1% each). However, the prices of poultry chicken (5%), tea (4 %), jowar (2%) and fruits & vegetables (1%) declined.

The index for ‘Non-Food Articles’ group rose by 2.9 percent to 199.2 (Provisional) from 193.5 (Provisional) for the previous month due to higher prices of soyabean (18%), castor seed (13%), gingelly seed (12%), raw cotton and raw jute (9% each), mesta (7%), cotton seed (6%), rape & mustard seed and raw silk (4% each), linseed, flowers and fodder (3 % each), coir fibre and copra (2% each) and sugarcane (1%). However, the prices of gaur seed (27%), raw rubber (3 %), sunflower (2%) and groundnut seed andnigerseed (1% each) declined.

The index for ‘Minerals’ group declined by 3.4 percent to 335.8 (Provisional) from 347.6 (Provisional) for the previous month due to lower prices of crude petroleum (8%), zinc concentrate and chromite (2% each). However, the prices of phosphorite (40%), magnesite (14%), copper ore (5%), manganese ore, barytes and iron ore (2% each) and steatite (1%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 1.5 percent to 175.5 (Provisional) from 178.2 (Provisional) for the previous month due to lower prices of light diesel oil (10%), furance oil (8%), naphtha (7%), aviation turbine fuel (ATF) and petrol (4% each).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.6 percent to 145.7 (Provisional) from 144.8 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for ‘Food Products’ group rose by 1.5 percent to 159.7 (Provisional) from 157.4 (Provisional) for the previous month due to higher prices of oil cakes (9%), tea dust (unblended) (5%), sugar, gingelly oil, gur and sunflower oil (3% each), khandsari, soyabean oil, powder milk and mustard & rapeseed oil (2% each) and cotton seed oil, groundnut oil and bakery products (1% each). However, the prices of processed prawn (8%), tea dust (blended) and mixed spices (3% each), coffee powder and palm oil (2% each) and copra oil (1%) declined.

The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.2 percent to 171.6 (Provisional) from 171.2 (Provisional) for the previous month due to higher prices of dried tobacco (4%).

The index for ‘Wood & Wood Products’ group rose by 1.4 percent to 169.1 (Provisional) from 166.8 (Provisional) for the previous month due to higher prices of plywood & fibre board (2%) and timber / wooden planks and processed wood (1% each).

The index for ‘Paper & Paper Products’ group rose by 0.1 percent to 134.5 (Provisional) from 134.4 (Provisional) for the previous month due to higher prices of computer stationery (2%) and kraft paper & bags and laminated paper (1 % each). However, the prices of card board (2%) and paper rolls and paper cartons / boxes (1% each) declined.

The index for ‘Leather & Leather Products’ group rose by 0.5 percent to 133.7 (Provisional) from 133.1 (Provisional) for the previous month due to higher prices of leather footwear (1%). However, the prices of leather garments & jackets (1%) declined.

The index for ‘Rubber & Plastic Products’ group rose by 0.1 percent to 135.9 (Provisional) from 135.8 (Provisional) for the previous month due to higher prices of v belt (5%) and plastic/pvc suitcases and expandable polystyrene (2% each).

The index for ‘Chemicals & Chemical Products’ group rose by 0.7 percent to 142.3 (Provisional) from 141.3 (Provisional) for the previous month due to higher prices of di ammonium phosphate (9%), photographic goods (4 %), paints (3%), pesticides, toilet soap and rubber chemicals (2% each) and pigment & pigment intermediates, turpentine oil, washing soap, hair / body oils, polymers, shampoo, basic inorganic chemicals, organic manure and ammonium sulphate (1% each). However, the prices of synthetic resin (7%), non-cyclic compound (3%), distemper (2%) and safety matches/ match box (1%) declined.

The index for ‘Non-Metallic Mineral Products’ group rose by 1.6 percent to 162.4 (Provisional) from 159.9 (Provisional) for the previous month due to higher prices of grey cement (3%), glass bottles & bottleware (2%) and bricks & tiles (1%). However, the prices of marbles (2%) and lime (1%) declined.

The index for ‘Machinery & Machine Tools’ group rose by 0.7 percent to 127.9 (Provisional) from 127.0 (Provisional) for the previous month due to higher prices of hydraulic equipment (9%), electric generators (6%), electric motors (5%), pvc insulated cable, textile machinery, machine tools, capacitors and electric motor starters (2 % each) and electric switches, thresher, electrical wires, chemical plant equipments, material handling equipments and plastic machinery (1% each). However, the prices of ups / stabilizer (2%) and fibre optic cable, electric switch gears, fluorescent tubes, ball/roller bearing and electronic pcb /micro circuit (1% each) declined.

The index for ‘Transport, Equipment & Parts’ group rose by 0.5 percent to 128.5 (Provisional) from 127.8 (Provisional) for the previous month due to higher prices of shafts (all kinds) and railway axle & wheel (2% each) and motor vehicles, auto parts and bi-cycles (1% each).

FINAL INDEX FOR THE MONTH OF MAY , 2012 (BASE YEAR: 2004-05=100)

For the month of May, 2012, both the final index and inflation based on final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) remained unchanged at its provisional level of 163.9 and 7.55 percent respectively as reported on 14.06.2012.

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