Sensex and Nifty moving good. Will they sustain?
This is right now very difficult to decide if Nifty and sensex will be able to make a new high.
Right now Nasdaq and Dow have closed in negative and its almost a crash. Its a bloodbath out there.
I beleive this needs to be seen in order to take a fresh call on the indian stock market. We need to understand that the US markets bring direct impact on the indian markets as well.
I expect weakness in IT stocks today, if market corrects we might see IT stocks move down a lot.
If market does not corrects today , then we might see a correction after DLF IPO opens.
Infosys results will bring a rally today or not?? Read..
Today is an important day, results of infosys already declared on a holiday keeping market traders away from volatility, this is also indirectly a blessing for some people......
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Infosys results were a little below market expectations and the 1:1 bonus might bring some happiness in some people's mind. market has already corrected a lot, if NSE closes today with negative only and below 3300 then bad days are ahead. Right now if market moves up or tries to recover then we can try on these two stocks HLL and Maruti, both looking ready for a reversal on the upside, provided market comes in positive and closes in posivite as well.
BEST OF LUCK!
Mohit Thapar
This is what i call true technicals! Today All eyes on Reliance.
Today special trading session for Reliance is conduted from 8 to 9am. Watchout!
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I dont know but i expect correction. Thats all i can say.
bye
Mohit Thapar.
Market behaved as expected. Watchout for 9299!
Wipro's result neither Satyam's results going to help the market if sensex breaks its important support level. Read more....
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For market to move up sensex has to remian above its important support level else consider a drastic fall in the market atleast till 9050.Yes miracles do happen, and here if market has to go up then WIPRO and SATYAM's result has to be really exceptional else i am not going to take any long position even if market moves 20points up from here, in nifty.
Till then keep fingers crossed although last week closing was very bad and it clearly shows weakness of market on going up, market clearly is expecting correction from here.
We shorted infosys at 2830, for tgt 2806, in Jan futures and it also even went below it around 3:10pm.
TO attend a technical analysis class please go to
www.bookprofit.com to register yourself, for the class. or Just Stay away from stock market if you dont know technical analysis.
Best of Luck!
Mohit Thapar.
Correction anytime in indian market heavily! Just exit from long positions.
A big Tsunami correction is on its way, and will hit SENSEX soon, so all those BULLS just exit from long positions and bid good bye to stock market, if SENSEX breaks and closes below 9299.
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A big correction will hit sensex anytime and the weekly closing of sensex is so bad that it suggest shorting at every level when sensex moves up. A bearish engulfing pattern on the weekly pattern is such a DISASTROUS pattern that one should exit from all its long positions and can buy put options now to make easy money while market corrects. Watch out for 9299 in sensex closely, if it breaks that then say goodbye to bullishness and welcome bearishness in our indian stock market.
Another request to all of you, stop watching business TV channels, they tell you nothing about the trend , they just talk about moving averages, thats all.
By just watching candlesticks I can tell you the future of the stock, without even looking at moving averages or stochastics or RSI. Thats the power of candlesticks.
So best of luck to all of you.
Mohit Thapar. (bookprofitcom@yahoo.com)
Want to do safe trading? Trade in gold or crude.
If you really want to make serious money in financial markets, then i would advise you to trade in Gold or Crude oil futures in india.....
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You can follow all types of technicals in gold or crude using live quotes from gcitrading.com which is totally free. Or go to netdania.com to view these charts at no extra cost, and totally free.
Although the rates are in USD but our gold and crude prices which are in futures only move according to the spot rates only, which are in USD.
For example, if crude oil falls 1USD, from 64USd to 63USD, then that means 1USd fall on 100 barrels. Which if converted to indian rupees , if you shorted crude at 64 and covered back to 63 then you made a total of 64-63 = 1 USD, 1USD x 44.10 = Rs44/100barrels, or Rs4400, on 1Lot of futures. Also you need to pay just approx Rs14000 on 1lot as margin to your broker, as with indiabulls. So you made a total of Rs4400, or Rs18400.
Yesterday I shorted just this way only, using gcitrading's software i managed to find a trend change using japanese candlesticks and moving averages, and it confirmed a correction, in 15min and 30min charts, shorted Crude at Rs2876 and bought back at 2857, although i was dead sure it will fall down to 2850, I was not patient enough and got it modified from phone, and bought at 2857. I shorted only 1lot in feb futures.
I india the rates of crude are in futures only, and are mostly in premium to the spot rates in international markets.
Like currently crude is at 63.16/100barrels, that means 63.16 x 44.10 = Rs2785, and to this u need to add some tax or duties if you import crude then price comes roughly to Rs2830-2840/100barrels.
Crude or even gold, they move with technicals, but another thing which needs to be discussed, is NYMEX and COMEX.
I was told that to trade in these commodities one has to wait for the opening of these exchanges, until then one should not enter or try to trade faster and close positions before these exchanges open. Nymex opens at 7:30pm india time, and Comex opens at 7:00pm.
I traded at around 7:40pm in crude and exited in just 1hr.
Made roughly Rs1900, on 1lot of crude, I find trading in crude very easy provided you know technicals as crude moves with technicals, and for technicals watch out for my book coming on the indian stands, or you can even order from
www.bookprofit.com although its not ready yet.
Best of Luck!
Commodity trading in gold,crude and silver is the best! read why?
If you dont want to loose your precious money in too much volatile stock market, and your heart races tooo fast when your stocks move double the rate of your heart, then change to commodities.....
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Trading in gold is far easier and less riskier than trading in stocks. I can explain on and on with tutorials on this blog, but the problem is nobody like to reply me, or they just read the content and get happy and leave this site, I want more and more participation on my posts, to post powerful trading techniques on gold trading, and the same techniques can be applied on stocks, but i am much happier with gold, crude trading, thats enough for me.
Specially gold moves with charts, and if you are an expert in candlesticks then making 100USD profit a day is not difficult for you.
Which sounds almost too difficult for stocks, as they are very volatile and many just move on news, specially in indian stock market.
I use gcitrading.com free software to track GOld, USD, Crude and silver.
But bsically i like to trade in gold and crude only.
But my favourite is Gold!, and in my case "All that glitters is awlays GOLD".
Keep visitng,
Best of Luck!
Learn Technical analysis or just fade away!
Yes this is going to be the most toughest year of stock market. This year will seperate the boys from the MEN................
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If you really want to make money in indian stock market then make sure you know these things:
1)Japanese candlesticks, with exhaustive study of patterns.
2)Fibonacci calculations with pattern analysis
3)Different indicators required to ascertain the trend of the financial instrument.
4)Again knowledge of stock patterns, a must
5)Gann analysis
6) A GOOD technical analysis software, with stocks filtering scanner which can give output of stocks which have given breakouts.
7) Volume analysis of stocks, a 101% requirement to meet more than 75% accuracy in the market.
If you know the above detailed stuff, in DETAIL, then you dont need to subscribe any website or analyst, coz the above given subjects if learned in detail will empower you with those skills which all experts have in any mutual fund or financial organization, yes the above stuff is not based on fundamental analysis, as fundamental analysis is totally different aspect of a stock.
If you guessing how to learn all this, then yes its possible, you need to visit
www.bookprofit.com and register for a class, which is being conducted in Delhi only on weekends.
Who conducts the class? Its me. Mohit Thapar.
The rest you can ask on phone or email me at
mohit.thapar@bookprofit.comVery soon my book is coming on the stands, plus I am launching my own software for stocks market, I want to make lives of indian traders more easy and bring out the doubts that "Technical analysis does not work", <<--- This is a wrong uneducated thinking of some educated people.
Keep visiting this Blog.
Best of luck!
