NIFTY FUTURES UPDATES (NOV 05)

Day before yesterday, Nifty Futures as exactly predicted, made a Gap Up opening, took resistance between 8375 – 8400, slided more than 30 points to fill the gap, completely took a sideways movement all over the session and closed @ 8359

Today, in normal opening if sustains above the level of 8351 for 30 minutes,See an hike upto 8374-94

Suppose if cuts and trades below 8350 for 30 minutes

see a slide upto 8316 -8280

INTRADAY RESISTANCES @   8375 – 8400

INTRADAY SUPPORTS       @    8315 – 8275

Trade carefully with the time and levels

An important note

ALL IS WELL – BUT A MILLION DOLLAR QUESTION RAISED NOW IS 
‘WHEN WOULD NIFTY FUTURES GOING TO FILL ALL FOUR GAPS FORMED BELOW THE CURRENT LEVEL???

One @ 8185, second @ 8040, third @ 7947 

and the other @ 7814

♪♪  Where there isss a.. isss a.. isss a.. iss a.. is a.. GAP'uuuu 

          There there  isss a.. isss a.. isss a.. iss a.. is a.. AAP'uuuu  ♪♪

Song Dedicated to Nifty Futures  

So pls be very very careful at these levels while you initiate a trade.
Just follow our mentioned levels with mentioned time!

ALL THE BEST

இன்றைய சந்தை அடிப்படை (NOV 05)

இந்திய நேரப்படி இன்று 10:30 மணிக்கு வெளிவர இருக்கும் HSBC Services PMI (Oct) தகவல் இந்திய ரூபாய் மற்றும் இந்திய சந்தை நகர்வுகளில் குறிப்பிடத்தகுந்த பாதிப்பைக் கொண்டு வரும்!

பிற்பகல் 3:00 மணிக்கு வெளிவரும் (டாலருக்கு எதிரான GBP நாணயத்தை பாதிக்கவல்ல) ‘Services PMI ’, 6:45 மணிக்கு (டாலர் குறியீட்டை நேரடியாக பாதிக்குமாறு) வெளிவரும் ‘ADP Non-Farm Employment Change தகவல்கள், மற்றும் இரவு 8:30 க்கு வெளிவரும் ISM Non-Manufacturing PMI ஆகிய செய்திகள்  இன்று சந்தையில் முக்கியத்துவம் வாய்ந்த செய்திகளாகப் பார்க்கப்படுகின்றன!

தொடர்ந்து இரவு ஒன்பது மணிக்கு வெளியாகும் கச்சா எண்ணெய் கையிருப்புத் தகவல் அமெரிக்க டாலர் மற்றும் கச்சா எண்ணை விலை நகர்வில் நேரடியான மாற்றத்தைக் கொண்டு வருமென்று எதிர்ப்பார்க்கப்படுகிறது!

இன்று தங்கம், வெள்ளி, கச்சா எண்ணெய், இயற்கை எரிவாயு, நிக்கல், மற்றும் காப்பர் அதில் கவனமாக இருக்க வேண்டிய நேரம்..

10:15 – 11:00 PM; 2:50 – 3:30PM

6:40 - 7:15 PM; 8:20 – 9:20 PM

நேரமறிந்து, வர்த்தகம் புரிந்து வெல்க!

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.

HAVE AN ENCHANTING WEDNESDAY

HOW TO AVOID DAY TRADING MISTAKES

Day trading for beginners is like lion taming, except more expensive. It's a risky and challenging pursuit: buying stocks and selling them again in the same day, making money off tiny fluctuations in the price of a stock over only a 12 hour period. For many years, the tools of day trading were not available to the average investor — real time stock results, analysis tools and access to instant trades (without the help of a broker). Today, with high-speed connections, anybody can try to day trade. For those of stout heart, here are some common pitfalls to avoid.

STEP 1

Learning to day trade.

The first step for any day trading beginner is to learn the game with a qualified, actively trading consultant/coach. Learning the game of day trading stock with a coach, like Roger Federer learning to be the best in tennis, and Tiger Woods in the game of golf, you need to learn the winners game by actively trading, not on your own, but with your stock day trading coach. Success is all about trading a winner's trading game, with your world-class trading coach. The point: to put an end to big money losing, then learn to consistently and profitably win, big money winning - eventually, wealth building winning. Most traders learn to lose, then learn to lose masterfully - obviously, you want to learn to win and this can only be accomplished with outside professional help - a consultant / coach. Knowing when earnings dates are or product launches are really helps you access the risk of an investment. Trade otherwise, on your own, at your peril. One thing I learned years back the hard way, after squandering hundreds of thousands of dollars day trading stocks - the brain does not like ongoing losing. The brain will eventually quit - think depression. Serious here - if you keep on with your losing ways it won't be the money that will take you out; it will be your brain that takes you out.

STEP 2

You need to realize that day trading is NOT about holding a stock or any other financial instrument for more than a few minutes, and certainly not beyond market close. In day trading, at the end of the day, you are flat, you hold nothing post market (for sure,over night), period.

STEP 3

Understand the stock markets. 

Those who do not understand day trading will also not understand how to use the stock indexes to measure the overall performance of the markets, that can, and frequently do, affect the price of the trades you are thinking about or are all ready in. Like all the ships at sea, all stocks tend to float, to whatever degree, on stock market index movements.

The Seasonal Stock Market Cycle is that November and December normally rise when manufacturing, transportation, hiring and utilities all pickup for the Christmas season. Mid January through Mid March the Market pulls back when manufacturing slows down after Christmas sales. Mid March through end of April the Market picks up. May might be a bad month but June and July normally do well when the market rallies when Dividends are paid out in July. August, September and October the market normally falls a little as the first half of the year sales (no Christmas sales) news is all digested. If the Economy is contracting down, the bad months could be really bad and if the Economy is expanding, the up months could be really good. November is typically the strongest month and the November/December pair are typically the best 2 months.

STEP 4

Have adequate risk capital. 

Your trading capital is not money that you need to pay bills, or money that you have committed to investments, like your home or retirement funds. Think of your trading capital as money dedicated to this endeavor of day trading, otherwise known as liquid funds (cash beyond all living needs) - and you know it's possible to lose it all. Because Day Trades usually occur in a Margin Account, Broker/Dealers registered with NASD/NYSE require that day traders keep $25,000 in equity in the account on any day that day trading occurs. The $25K minimum is the minimum for margin trading. You will likely want to trade double this level to $50K, then $100K or better to have sufficient buying power for $100 to $500 price range stocks. So if you are comfortable trading 1,000 shares at a time, for example, you can trade one and possible 2 stocks (as the "4 times" rule gives you $200K to $400K buying power).

                                                                                                                                                                           (to be contd)

HAVE A ROCKING MONDAY

HOW TO CHOOSE STOCKS FOR DAY TRADING ?

Day trading is a specific trading technique where a trader buys and/or sells a financial instrument multiple times over the course of a day, to exploit minute volatility in the asset's pricing. While private investors may practice this investment strategy, it is more commonly an institutional phenomenon, as a financial institution can highly leverage its transactions to boost its profitability. As many brokerages allow for trading online, day trading can be conducted from virtually anywhere, with only a few necessary tools and resources. However, day trading is inherently a highly risky investment strategy.

High Liquidity and Volatility

Liquidity, in financial markets, refers to the relative ease with which a security is obtained, as well as the degree by which the price of the security is affected by its trading. Stocks that are more liquid are more easily day traded; moreover, liquid stocks tend to be more highly discounted than other stocks and are, therefore, cheaper. In addition, equity offered by corporations with higher market capitalizations are often more liquid than corporations with lower market caps, as it is easier to find buyers and sellers for the stock in question.

Stocks that exhibit more volatility lend themselves to day trading strategies, as well. For example, a stock may be volatile if its issuing corporation experiences more variance in its cash flows. While markets will anticipate these changes for the most part, when extenuating circumstances transpire, day traders can capitalize on asset mispricing, such as the currently ongoing euro crisis. Uncertainly in the marketplace creates an ideal day trading situation.

Trading Volume and Trade Volume Index (TVI)

The volume of the stock traded is a measure of how many times it is bought and sold in a given time period. This time period is most commonly within a day of trading. More volume indicates interest in a stock, whether that interest is of a positive or negative nature. Oftentimes, an increase in the volume traded of a stock is indicative of price movement that is about to transpire. Day traders frequently use the Trade Volume Index (TVI) to determine whether or not to buy into a stock, which measures the amount of money flowing in and out of an asset.

Social Media

The Social Media industry has also been an attractive target for day trading, recently. The massive influx of online media companies, such as LinkedIn and Facebook, has been followed by a high trading volume for their stocks. Moreover, debate rages over the capability of these companies to transform their extensive user bases to a sustainable revenue stream. While stock prices theoretically represent the discounted cash flows of their issuing corporations, recent valuations also take into account the earnings potential of the companies. Thus, some analysts argue that this has resulted in higher stock valuations than the fundamentals suggest. Either way, social media continues to be a popular day trading stock group.

The Bottom Line

Day trading, while a highly risky investment strategy, is also very common and highly lucrative. Variables such as the relative liquidity, volatility, trading volume and variable industrial conditions, are all contributing factors in determining what stocks are best for day trading.

NIFTY FUTURES UPDATES & MARKET FUNDAMENTALS TODAY (NOV 03)

On Friday, Nifty Futures breached all the predicted levels with a big GAP UP opening and managed to close at a new all time high of 8355

A SMALL GAP UP OPENING ANTICIPATED TODAY

Today, in normal opening if sustains above the level of 

8335 for 30 minutes,

See much more hike upto 8374-94

Suppose if cuts and trades below 8335 for 30 minutes

see a slide upto 8316 -8295

below the level of 8131 for 20 minutes, 

it would have more slide upto 8108

INTRADAY RESISTANCES @   8375 – 8400

INTRADAY SUPPORTS       @    8315 – 8290

Trade carefully with the time and levels

An important note

ALL IS WELL – BUT A MILLION DOLLAR QUESTION RAISED NOW IS ‘WHEN WOULD NIFTY FUTURES GOING TO FILL ALL FOUR GAPS FORMED BELOW THE CURRENT LEVEL???

One @ 8185, second @ 8040, third @ 7947 

and the other @ 7814

So pls be very very careful at these levels while you initiate a trade

Just follow our mentioned levels with mentioned time!

ALL THE BEST

 (By the time this post was updated 

CNX Nifty Futures was trading @ 8396 )

இன்றைய சந்தை அடிப்படை

இந்திய நேரப்படி இன்று காலை 10:30 மணிக்கு வெளிவர இருக்கும் HSBC Markit Manufacturing PMI (Oct) தகவல் இந்திய ரூபாய் மற்றும் இந்திய சந்தை

நகர்வுகளில் குறிப்பிடத்தகுந்த பாதிப்பைக் கொண்டு வரும்!

பிற்பகல் 2:25 மணிக்கு வெளிவரும் (டாலருக்கு எதிரான யூரோ நாணயத்தை பாதிக்கவல்ல) ‘German Manufacturing PMI ’, மூன்று மணிக்கு வெளிவரும் (GBP நாணயத்தை பாதிக்கவல்ல) ‘Manufacturing PMI’ தகவல்கள் இன்று சந்தையில் முக்கியத்துவம் வாய்ந்த செய்திகளாகப் பார்க்கப்படுகின்றன!

இதை அடுத்து இரவு எட்டரை மணிக்கு வெளியாகும் ‘ISM Manufacturing PMI’ (OCT) மற்றும் ISM Manufacturing Prices (OCT) ஆகிய செய்திகள் அமெரிக்க டாலர் குறியீட்டில் நேரடியான மாற்றத்தைக் கொண்டு வருமென்று எதிர்ப்பார்க்கப்படுகிறது!

இன்று தங்கம், வெள்ளி, கச்சா எண்ணெய், இயற்கை எரிவாயு, நிக்கல், மற்றும் காப்பர் அதில் கவனமாக இருக்க வேண்டிய நேரம்..

10:15 – 11:00 PM; 2:15 – 3:00PM; 8:15 – 9:00 PM

நேரமறிந்து, வர்த்தகம் புரிந்து வெல்க!

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.