Nifty Analysis as on Date 16th June 2010

NIFTY AS ON 16TH JUNE 2010 ANALYSIS

Nifty has been closing in Green for 6 continuous sessions, if we look at the FII & DII MAGIC NUMBERS, then we would find that from continuous 6 sessions we have been closing in GREEN but one thing which no once noticed or hardly some people noticed that FII were net buyers but still there is a negative over all figure on FII side and from continuous 6 session DII's have been net sellers.

Still do you think that this rally from 4965 to 5255 levels almost is sustainable & most of People in India are shooting that NIFTY would go for a new 52 weeks high.

Well I would agree upon them, no hard feeling with any one, no open challenges no open threats no comments on any one analysis, as per this is independent country and any one can post and share there views, its upto the person who is reading to follow the person or not, they or I am not forcing them to follow the same.

Here are some images which are showing MAGIC NUMBERS OF FII & DII as on date.....

One can get to see the data and the numbers which they have shown up on screen in the mast sessions as well as the negative numbers in net position of FII's.

Here is another chart which is of nifty with some drawing down by me, hope you would get to know the hidden part of the chart.

Well Nifty has completed its 61% retracement and immediate supports are at 5140 - 5150, which when broken can give power to bears, on the upside 5255 has been a formation of a double top on the cards, if we look at the volume for the past two days, there has been an increase in volumes also, so which shows there is some game which is being planned at current levels.

If one remembers, when nifty was at 4900 4800 levels, I had clearly shouted to buy just 1 mini nifty and hold it with a SL of 3500 Rs for a return which no one could had imagined, and see from 4800 4900 longs we have seen 5200 on the cards, people must have had book profits with over time, but returns were massive, and trend also changed, I also remember as on date, all analysts and India was shouting for 4500 4000 levels and this is a bear market and market wont recover and blah blah, this is rising wedge supports are broken no chance of recovery and what not.

Just ask those guys who were shouting for 4500 4000 levels, that where are there levels, and where are they now, are they still short with loss what was there Stop Loss, if there Stop Loss was hit then why did they ran away, or why are they hiding, well most of them never showed up, many closed there sites, but we were always there to say yes we did a mistake, or even if we win we are there to say proudly that we won, breaking of supports or taking of supports wont help this market ever.

Would Like to cut it short, so here is my view for the coming days. as per there is a jump of more then 5% in just few days without any healthy correction, so in the near term we can see some turbulence and nifty can test out 5180 and 5150 levels in the near term.

Immediate supports exist at 5185 - 5170 - 5150  - 5139.

NIFTY TOP NEAR 5255 SO ABOVE 5255 ONLY CHANCES OF TOUCHING 5300, BUT I PERSONALLY FEEL THAT A NEW HIGH CANNOT BE SEEN IN JUNE.

THIS IS BECAUSE IT HAS BEEN ONLY 1 MONTH THAT WE WERE AT THE LOWEST POINT AND A RECOVERY, THIS MONTH CAN BE A RANGE BOUND MONTH, ON THE UPSIDE 5255 AND DOWNSIDE 5150 WOULD BE WILL BE TREND DECIDERS, WHICH EVER SIDE NIFTY BREAKS WITH VOLUMES WOULD DECIDE THE TREND.

FOR THE COMING DAYS WE MAY SEE A HEALTHY CORRECTION OF 50 - 100 POINTS IN THE NEAR TERM, 5150 WOULD BE THE LEVEL TO WATCH OUT.

Regards

Treasure Captain

www.moneybaghunt.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt 

Live Conference at www.treasurebag.ning.com

The Biggest Mistake the word [ I ] DID - By Captain

The Biggest Mistake the word [ I ] DID - By Captain

Just think about this question – What is the mistake done the WORD [ I ] ?

Can you see I standing in front of the MIRROR !!!

If yes, then think who is I !!!!

I is standing in front of the MIRROR & has been squeezed, I is the one who has made mistakes & never learnt from it, mistakes have not been inquired once, twice or thrice but countless times, the mistakes have been inquired but who is I……

When ever a { I } enters in a TRADE then the price goes North Side or ready to go South, here is a small example of the CONVERSATION between I & Broker…

I – Hello Broker buy the stock now its xyz buy it at 100 levels, quantity 200, STOP LOSS - 94

Broker – Okie Sir, have purchased the same

I – Thanks Broker

CUT OF PHONE & AFTER 10 MINUTES THE PRICE OF THE STOCK COMES TO 97

I – Calls up the broker & says boss the stock is coming down move STOP LOSS to 90

Broker – Okie Sir done….

CUT OF PHONE & AFTER 3 HOURS THE PRICE OF THE STOCK COMES TO 94

I – Calls up the broker & says remove the Stop Loss would wait till 3 pm

Broker – Okie Sir

I – What’s is going on with the markets, its not moving at all, my luck is not working at all dam… I wont book loss I would hold the stock for a day it would surely bounce….. , keep me informed…

BROKER CALLS BACK & I PICKS UP THE PHONE

BROKER – Sir its 3pm what should we do with your holdings its trading at 90 Rs now??

I – The stock must be at the bottom, it would bounce back so hold the stock would NOT BOOK LOSS IN IT…. keep me informed…

BROKER – Okie sir Holding the Stock….

AFTER 2 WEEKS THE STOCK COMES DOWN TO 75 LEVELS AS PER MARKETS CONDITIONS

I – Calls up the broker & says, boss this stock has killed me what should I do I am getting an headack, this stock is crap, it would not move at all, sell it all at 75 and book loss….

BROKER – Okie Sir Sold…

I – Double sell the stock here the markets have crashed it would come more down so sell more here to recover my loss…. keep me informed…

Broker – Okie Sir

THEN THE STOCK COMES TO 85 AFTER 5 DAYS

I – Calls up the broker and says boss this stock is creating TRAPS sell more here for sure it would come down, I am more smarter then others sell 100 more here… keep me informed…

Broker – Done Sir

THEN AFTER 1 MORE WEEK

BROKER – Calls up I, Sir the stock is trading at 90 what should I do?

I – Wait the stock would come down, hold it…. keep me informed…

Broker – Okie sir

SAME TRADING SESSION AFTER 1 HOUR

Broker – Calls up I, sir the stock is going up now 93

I – Dam, how high can it go any idea?

Broker – No idea sir what should to do? CMP - 93

I – Oh no what should I do now I am getting headack…. Wait for 1 more hour, , keep me informed

Broker – Okie

AFTER 2 HOURS FINAL 1 HOUR LEFT

Broker – Calls up I & says sir the stock is trading at 96 what to do?

I – O shit ! Dam, why is it always me !! Why is it always me booking loss ?? What is CMP

Broker – Its at 96 Sir….

I – Hold it till final day end would end it here or there, keep me informed

Broker – Okie sir

FINAL COUNT DOWN STARTS…….

BROKER – Calls up I Sir the stock is at 98

I – Oh no what is going on, oh God what should I do, boss book out fast the markets about  to close….

Broker – Booked LOSS Sir….

CONVERSATION ENDS……

NOW IF YOU SEE THE ABOVE CONVERSATION BETWEEN I & THE BROKER YOU WOULD FIND THAT JUST BECAUSE OF NOT FOLLOWING THE RULES, JUST BY NOT FOLLOWING THE STOP LOSS I HAD TO FACE LOSS ON BOTH SIDES……..

THIS IS THE MISTAKE WHICH I DID…….NOW YOU ARE SAYING IT……!!!! AFTER READING IT…..!!!

&

AFTER LOOSING IT……..!!!!

IN THE ENDS WHO WINS & WHO LOOSES………!!!

I SEE ONLY I…!!!

WHO IS BEING BLAMMED FOR NO REASON & WHOSE MISTAKE IS HAND IT OVERED TO WHOM?

Dam my luck is not at my side, time is killing me !! LIFE is like HELL only for me….!!

I am the only person who is unlucky…..GOD never helps me……!!

THIS IS THE MISTAKE WHICH I DID & NEVER LEARNT…..

IF YOU ARE NOT I THEN YOU ARE LUCKY ENOUGH THAT YOU ARE NOT I & WISH THAT YOU NEVER BECOME LIKE I……..

This mistake is not only linked with only STOCK MARKET TRADERS & INVESTORS, but this mistake is linked with every one’s life, yes its REALITY FACE IT…….

If you think I is not at fault, then you are not human!

When a machine makes mistakes, machine is blamed, but creator is to be blamed who has made mistakes in THE CREATION…..

BUT………

THERE IS A FAMOUS SAYING BY A GREAT SAYER……

I MIGHT HAVE HAD FAILED 10000000 TIMES IN LIFE

BUT

I AM NOT A LOOSER……

How ? Can you answer the same???

The Answer is –

You are a WINNER, you have discovered 10000000 ways to FAILURE……..

&

One should make it a POINT that they are not repeated EVER….!!!

After so many mistakes I won’t be left with anything to inquire more mistakes….

Do REMEMBER…..

GOD WOULD HELP THOSE WHO WOULD HELP THEMSELVES….

START LEARNING FROM MISTAKES BEFORE IT’S PAYTIME..

THE ANSWER OF THE BIGGEST QUESTION WHO IS [ I ] IS LOOK INTO THE MIRROR……….

Regards

Treasure Captain

www.moneybaghunting.blogspot.com

What is HEDGING & How to take Advatage - By Captain

HELLO MEMBERS

HEDGING IS A TECHNIQUE WHICH CAN HELP YOU SAVE YOUR CAPITAL AND BE ON A SAFER SIDE, ITS IS APPLIED WHEN THE MARKETS ARE DIRECTION LESS OR THE STOCK IS DIRECTION LESS AND YOU DONT WANT TO TAKE ANY RISK AND THERE IS A NARROW RANGE OR A RANGE BOUND SITUATION THEN YOU CAN DO HEDGING.....

HOW IS HEDGING DONE AND HOW CAN IT BE USED?

MAINLY HEDGING IS DONE IN OPTION TRADES, WHERE ONE CAN BUY A STRIKE PUT AND A STRIKE PRICE AND AS PER THE RANGE IN THE MARKET THEN CAN BUY AND SELL THE CALL OR A PUT IN PROFIT AS PER THE RANGE, LIKE THIS ONE CAN BE SAFE AS PER THE DIRECTION IS UNCLEAR AND IF THE MARKETS COME DOWN THEN THE PUTS WOULD INCREASE AND CALLS WOULD DROP AND AS THE RANGE IS BROKEN THEN YOU CAN HOLD PUT AND SELL THE CALL, AND AS THE MARKETS INCREASES THEN THE CALL WOULD ROCK AND THE PUT WOULD DECREASE BUT KEEP IN MIND THAT THE RANGE IS BROKEN THEN EXIT PUT IN LOSS AND ENJOY PROFITS IN THE CALL.....

IF THE RANGE OF THE MARKET IS NOT BROKEN, THEN YOU CAN EXIT CALL IN PROFIT AND WAIT FOR A ROUND CYCLE OF THE RANGE BOUND MARKETS AND BOOK PROFITS IN PUT ALSO AT THE LOWER END...

SO HEDGING CAN BE DONE IN THE RANGE BOUND SITUATION AND A DIRECTION LESS MARKET.....

OTHER PROCESS OF HEDGING IS YOU BUY A STOCK IN THE MARKET OR A STOCK FUTURE OR A INDEX LIKE NIFTY OR BANK NIFTY AND YOU FEEL THAT THE MARKETS OR THE STOCK CAN DROP ALSO OR YOU ARE UNSURE WHERE THE STOCK IS GOING TO MOVE, THEN WHAT YOU CAN DO IN SUCH A SITUATION IS THAT YOU CAN BUY THE STOCK AND BUY PUTS OF THE STOCK AND IF YOU ARE SHORT THEN YOU CAN BUY CALL OF THE STOCK OR INDEX.....

BUT KEEP IN MIND THAT OPTIONS ARE RISKY AND THE CONTRACTS GET TO EXPIRE AS PER THE EXPIRY PERIOD CYCLE, AND ALSO KEEP IN MIND THE RULES FOR TRADING IN OPTIONS, THE STRIKE PRICE SHOULD BE WATCH OUT, HOPE ALL OPTION TRADERS KNOW THE RULES, THE STRIKE PRICE SHOULDNT BE FAR AWAY AND ETC ETC....

IN SHORT HEDGING IS DONE TO MAKE OUR CAPITAL SAFE IN A RANGE BOUND MARKET AND DIRECTION LESS MARKET......

EXAMPLE : -

NIFTY CMP 5200 & A DIRECTION LESS MARKET & ONE HAS 1 LOT OF NIFTY AT 5200 FUTURES, NOW TO PROTECT THE CAPITAL ONE CAN BUY 5300 PUT OR 5100 PUT WITH THE LONGS ON A HOLD, WITH A PROPER STOP LOSS....... THE STOPLOSS FOR LONGS IS 5160 AND STOP LOSS FOR PUTS IS 5250.....

NOW SUPPOSE THE MARKETS TAKES U TURN AND COMES DOWN THEN EXIT THE LONGS ON STOP LOSS AND HOLD ON THE PUTS WHEN THE RANGE IS BROKEN AND WHEN THE PUTS HITS STOP LOSS AND THE RANGE IS BROKEN THEN ONE CAN EXIT PUTS IN LOSS AND HOLD LONGS......

EXAMPLE : -

SUPPOSE YOU SEE 5100 CALL AND 5200 PUT AT 20 RS EACH AND THE MARKETS ARE RANGE BOUND THEN ONE CAN INVEST IN BOTH THE CALL AND PUT AND AS THE RANGE IS BROKEN THEN ONE CAN LET GO ONE AND HOLD ON TO THE OTHER ONE AND EXIT IN PROFITS AS AND WHEN AND STOP LOSS IS MUST FOR ALL.....

IF YOU FACE ANY PROBLEMS THEN YOU CAN REVERT BACK.....

I HOPE I CLEARED YOUR DOUBTS....

Regards

Treasure Captain

www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt 

Live Conference at www.treasurebag.ning.com

A Message to ALL TRADERS in the MARKET - BY CAPTAIN

HELLO Pirates

Wish you all a Happy a GREAT Weekend.....!!!!!

Happy to see so much of participation by group members, keep up the good work friends, well one thing which needs to be cleared out is that, derivatives or options or stocks all are weapons of mass destruction as most of the people in the stock market might have faced a big shock some day of their life while trading in the stock market, well who doesn't, but the person who has gained from derivatives or options or stocks will never come forward and appreciate that day.that this is a golden box for me and i have earned so much thanks to stock market, 90% of the traders do the same never appreciate just always say bad things, and in short the main problem is with you all ...............

ONE WHO IS TRADING IN STOCK MARKET, WELL IN DERIVATIVES OR STOCKS OR OPTIONS HAS TO KEEP ONE THING IN MIND AND A GOLDEN RULE THAT THEY HAVE TO TRADE AS PER STOP LOSS AND SECONDLY RIGHT ENTRY AND RIGHT EXIT IS VERY IMPORTANT SO IF YOU GET THE RIGHT ENTRY AND WITHOUT GETTING GREEDY YOU TAKE THE RIGHT EXIT THEN YOU ARE THE WINNER

BUT AGAIN 95% PEOPLE ARE GREEDY AND WANT MORE THEY DONT GET TO KNOW THAT BY EARNING 100 OR 500 OR 1000 OR 2000 PER DAY WHAT EVER THEY ARE WINNING WHEN COLLECTED TOGETHER WOULD GIVE THEM HANDSOME RETURNS OVER THE PERIOD OF TIME SOOOOOOO..................

GET ALL SET TO BE A WINNER. TRADE AS PER RULES OPEN YOUR MIND AND OPEN YOUR EYES AND BRAINS AND APPRECIATE ALSO WHEN YOU ARE THE WINNER AND SPREAD MY GOLDEN WORDS TO ALL........

LET THERE BE WINNERS IN THE MARKET.......

FOLLOW THE RULES MIND IT YOU WONT EVER GET TO LOOSE IT.......

SET THE RULES AND OBJECTIVES AND WHEN ARCHIVED GET ASIDE................

THESE ARE SOME GOLDEN WORDS FROM CAPTAIN TO ALL THE STOCK MARKET TRADERS.........

HOPE I DON'T HURT ANY ONE........... BUT THE REALITY IS IN FRONT OF YOU..........TRY TO UNDERSTAND IT.......

AND ALWAYS REMEMBER GOD WOULD HELP THOSE WHO WOULD HELP THEMSELVES AND APART FROM THIS THE KEYS TO SUBMIT AND THE TIME IS ALWAYS IN YOUR HANDSSSSSSSSSS..........

WISH YOU ALL GOOD LUCK..............

Regards

Treasure Captain

www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt 

Live Conference at www.treasurebag.ning.com

A Message to ALL NEW COMERS in the MARKET - BY CAPTAIN

Hello MEMBERS

I really Appreciate your greeting and thanks a lot for opening the mail and going through my words, well as you HAVE mentioned THAT you are a new trader or a investor in this war, which is the stock market, well would suggest you to do some research first, like take a paper and a pen then jord down the main list of some shares which you feel like are good and the stocks have volumes and the stock can perform good in the over of period of time....

Make some rules, decide what is the amount you want to invest in the market

2. What is your time frame.

3. Never invest your money at one go invest in installments

4. Select some stocks and concentrate on them only dont run after stocks, let the stocks run after you.

5. Dont trade over bulk and keep booking profits with over of time and invest in installments which would help you gain and be safe

6. Always check out the volumes of the stocks, avoid circuit stocks and select front line stocks.

7. Key to sucess would be patience....

8. As you get profits dont be greedy and keep booking profits in installments

9. Some Good stocks which you can buy are Reliance, Sail, Tata Steel, Ivrcl Infra, Jindal Steel. Reliance infra, ICICI Bank SBIN, LT, ad many more good stocks which are good by fundamental as on date and can perform good.

10. BUT MAKE IT A NOTE DONT INVEST IN THE STOCKS WHICH YOU SELECT AT ONE SHOOT AND WHEN EVER THE STOCKS COME AT A DIP THEN INVEST, BE PATIENT WHILE INVESTING AND BE PATIENT AFTER INVESTED..........

11, RIGHT ENTRY WOULD BE MAKE YOU ACHIEVE YOUR GOAL, SEE THE STOCK HOW IT MOVES, AND CHECK PREVIOUS DATA LIKE WHAT WAS 6 MONTHS HIGH AND LOW AND TRY TO MAKE ENTRIES IN BETWEEN THE HIGH LOW IN THE FORM OF 10% INSTALLMENTS OR AS PER YOUR CAPITAL......

12. RIGHT EXIT WOULD BE EXITING AT THE RALLY IN INSTALLMENTS AND DONT GET GREEDY.....

13. IN THE END -  GOLDEN RULE - ENTER AT DIPS IN INSTALLMENTS AND EXIT AT EACH RALLY :)/

WISH YOU ALL GOOD LUCK

AND PASS THIS MESSAGE TO ALL THE NEW COMERS WHO ENTER THE MARKETS BLINDLY AND GET AN EXIT BLINDLY AND DONT GET THEIR HARD EARNED MONEY JUST WIPED OFF WITH A BLINK OF AN EYEEEEEEE............

IF YOU HAVE ANY QUESTIONS FEEL FREE TO REVERT BACK

Regards

Treasure Captain

www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt 

Live Conference at www.treasurebag.ning.com