SUCHITA AMBARDEKAR

MCX Lead Monthly Technical Trend Analysis-10/01/2012

2012-01-21T10:10:00.002+05:30

1
Candle- The current monthly candle in Mcx lead is bearish and comes after a bearish doji. So lead may go down and take a support on 50 days sma. The last candle hints at bears having upper hand.

Moving Average- As indicated the MCX lead prices on going down may take a support on 50sma, which is a good support level at Rs.90.

Chart Structure- Like previous post of Mcx Aluminium the structure seems like Inverse Head & Shoulders, but though one can observe in the above chart a deep trough /valley but smaller valleys/shoulders are not in tandem on both sides & proper, hence any pattern is ruled out in lead chart.

From the bottom of the trough/valley at Rs.41 in Mcx Lead Monthly chart, a higher highs and higher lows can be observed thus taking the lead prices to Rs.73, Rs90. But unless resistance of Rs.118 is crossed the price of Rs.130 may not be achieved.

Trend line- The horizontal trend-line drawn by connecting the peaks in Mcx Lead is the resistance price area for Mcx lead in long run.

Momentum Indicator-ROC- The momentum indicator ROC is in the oversold zone or bearish area and hints at bears complete hold in the lead counter. Bulls seem very weak in lead currently.

By Suchita Ambardekar.
Email-ambardekarsuchita@gmail dot com

Technical Trend Analysis Aluminum-10/01/2012

2012-01-20T21:33:00.002+05:30

Above is the monthly chart of Mcx aluminum chart in monthly time frame.

Candle- The last monthly candle is bullish just prior to doji candle.But for this months candle one needs to wait till 31st January 2012.

Moving Average- The monthly aluminium prices are taking support on the 50days sma.

Chart structure- In the above monthly chart of Mcx aluminum the prominent peaks can be observed which has been joined by horizontal trend-line, which is the resistance zone. The peaks have made a high of 143, 135 and 123subsequently. In the structure Mcx aluminium made a lowest low of 63 and from then on higher lows at 86 and current higher low at 101.

The aluminum monthly structure hints at a Inverse Head & Shoulders, but it can be confirmed only after the aluminum price crosses 128 conclusively and also in the process crosses or breaks the horizontal resistance line on the upside.

Resistance & Support -Aluminium has a support at 101 and a resistance at 115, 118 and then 123.

Momentum Indicator- The indicator is mimicking the aluminium ,s price structures peaks and troughs, but ROC being in the oversold zone hints at the bearishness in aluminium . But a bullish crossover in the oversold zone shows that bulls are gaining strength and may take a aggressive stand in this base metal counter in days to come.

By Suchita Ambardekar

Financial Planning Seminar By Gaurav Mashruwala

2012-01-20T18:52:00.000+05:30

At the outset, let me take this opportunity to wish you all a very Happy New Year. We at the Society are confident that, you must have put down strong resolutions this time too to shape your practice as a financial planner. We at the Society have also resolved to take as much steps as possible & keep no stone unturned to share knowledge among it's members & peers & take the financial planning movement forward.

On the same note, we have been able to schedule a seminar on Financial Planning to be conducted by Mr. Gaurav Mashruwala, CFP .

About Mr. Gaurav Mashruwala: -
Mr. Mashruwala is a CERTIFIED FINANCIAL PLANNER by qualification. He is known for the columns he writes in various leading English, Gujarati and Hindi publications. His activities also include appearances on various English and Hindi TV channels, lectures and workshops on Personal Financial Planning and Wealth Management. These medium are used by him to reach out to a larger audience and create awareness about managing personal finances prudently. He is also a visiting faculty in various Management institutes.

As a writer, he has authored the book Essential Guide To Carefree Retirement, which explains how retirement planning can be done at different ages and stages of life. He was a Consulting Editor of Layman's Guide To Wealth Creation, a pocket book by Outlook Money.

A brief synopsis of the seminar is as follows: -

Session 1: What is financial planning? What are different stages that needs to be considered while preparing a ‘comprehensive’ financial plan
Session 2: How to structure your financial planning practice?

SPECIAL FOCUS ON MARKETING

How to make your marketing plan
Target audience
Few low cost sustainable marketing strategies
Branding
Media strategy

The program will be held on: -

Day: - Tuesday
Date: - 2nd February, 2012
Time: - 2.45 pm to 6.00 pm
Venue: - Hotel Avon Ruby ,87, Naigaon 'X' Road, Mumbai Marathi Granth Sanghralay Marg, Dadar (E), Mumbai.

The participation fees for the program are as follows: -

For SOFP members (full members) - Rs. 1,500
For SOFP student members - Rs. 1,700
For non SOFP members - Rs. 2,000

Registrations: -

The registration closes on Friday January 27th, 2012.

No registrations will be allowed on the day of the event. Moreover, no one would be allowed to enter the seminar hall once the seminar commences (even if the participant has paid money to attend the program). The participants are therefore expected to be at the venue atleast 15 mins before the start of the program.

All cheques should be drawn in favor of "Society of Financial Planners"

The session will be followed by high tea & snacks.

RSVP: -

Mr. Sandeep Vasa (+91) 98213 92003
Mr. Jayant Vidwans (+91) 9892 2020 11

Regards,
Ninad Mondkar, RFC
Public Relations Officer
Society of Financial Planners
www.sofp.org.in

Technical Analysis comprehensive programme in February 2012

2012-01-20T18:31:00.001+05:30

Overview

In the fast-paced world of financial markets, it is important to develop domain knowledge expertise in quantitative and qualitative analytical skills. Increasing volatility across global markets has necessitated a multidimensional approach for understanding the importance of technical analysis for predicting market movements.

In view of this, Financial Technologies Knowledge Management Company presents a comprehensive programme on Technical Analysis for analysts, dealers, traders, consultants, and other market practitioners. The course provides an opportunity to understand chart tools, techniques and philosophy along with their effective usages. The programme will equip participants with advanced skills in Technical indicators, Oscillators and Studies.

Programme Objective

The programme aims to enable the professionals to understand the advanced concepts of Charting. The programme is designed to impart knowledge to the participants so as to get a comprehensive understanding of charting tools and techniques. The programme will help participants develop their domain knowledge expertise in the area of advance technical analysis and its mechanics.

Programme Content

ü History of Technical analysis & Dow Theory

o Philosophy, History, uses of technical analysis, elements of Dow Theory & its assumptions

ü Technical analysis applications & their use

o Metastock, ODIN^TM , Ticker Plant, etc.

ü Chart construction & their types

o Bar charts, Point and figure charts, Japanese candlestick chart, Line, Candle Volume & Heikin Ashi

ü Trend lines

o Trend Lines, Channels, How to draw correct short-term, medium-term, and long-term trend lines. Trend Channels. Return lines and internal trend lines Support & Resistance, Unconventional but useful trend lines. Acceleration, trend characteristics & the various chart points and facets that can act as support & amp; resistances

ü Line Tools

o Linear regression, Raff regression channels, Standard error channels, Equidistant Channel Line, Trendline by angles & Andrews’ Pitchfork

ü Consolidation & correction

o How and why it occurs. Breakouts and how to recognize them.

ü Chart patterns

o Double Tops and Bottoms, Triple Tops and Bottoms, Head and Shoulder, Inverted Head and Shoulder, Systematical Triangles, Ascending Triangles, Descending Triangles, Rectangles, Rising Wedge, Falling Wedge, Diamonds, Flags, Pennants, Cup, Handle, Broadening Pattern, broadening triangle.

ü Indicators & oscillators on price & volume

o Accumulation/Distribution, Aroon, Average Directional Movement, Average True Range, Bollinger Bands, CCI (Commodity Channel Index), Correlation Analysis, Directional Movement, Envelope, Ichimoku Kinko, MACD, Money Flow Index, Moving Average: Simple,

Time Series, Triangular, Variable, Weighted. MACD (With Histogram), Momentum RoC, Parabolic SAR, Pivot points, Price Rate-of-Change, , Price Oscillator, Relative Strength Index, Stochastic Oscillator, Tema, TRIX, Williams’ %R &Zig Zag.

ü Candlestick charting patterns

o Bullish / bearinsh engulfing, Dark cloud, piercing, morning / evening star, doji, evening star, bullish / bearish harami, inverted hammer, three black crows, three white soldier, falling three methods, rising three methods, hammer, hanging man, three black crows, three inverted Buddhas, abandoned baby, grave stone doji, spinning top, counter attack dragon fly doji etc.

ü Fibonacci

o Fibonacci numbers, retracement, Arc, Extension, Fan, Time zone forecast

ü Elliot wave

o Wave principle, Wave count, Wave personality, Impulse wave, Motive wave, Extended wave, Truncated wave, Corrective wave, Trade setup, Entry point, Protective stops, Trade targets & Diagonals

ü Harmonic patterns

o Bat, Gartley, Crab, Butterfly & 5-0

ü Gann

o Gann Angles, Fans, Grids, Line & Square of nine

ü Swing & turtle trading

o Trend following trading, turtle system, turtle soup etc.

ü Derivatives trading with technical analysis

o Technical analysis in Commodities, Currency, Equities & Interest rate derivatives

o Covered call writing, bull spread, bear spread, calendar spread etc.

ü Setting up a trading system

o making effective templates

ü Case studies

ü Live Technical Session

Who Should Attend?

The programme is ideal for

Technical analysts
Dealers
Traders
Treasury employees of banks and corporates
Research analysts in equity, commodity, currency, and debt markets

Pedagogy

The programme will engage an appropriate mix of lectures, discussions, exercises, classroom interaction, case study, etc. The programme is conducted by faculty with rich practical as well as training / consultancy experience in the technical domain. Since the offerings of the programme are in a niche area, very few institutions have the kind of domain expertise and in-depth knowledge that FTKMC and the guest trainers have cultivated over the years.

Programme Details

Date: 6^th February to 29^th February 2012

Days: Three Weeks (Except Sunday)

Time: Monday to Friday: 6:30 PM to 9:30 PM

Saturday 10:00 AM - 5:00PM

Venue: MCX-SX, 9^th Floor, Training room ,

Express Tower, Nariman Point

Mumbai 400021

Fees

• ` 27,000 per participant, plus 10.3% service tax (Total: ` 29,781)

• It includes costs of tuition, course material, certification, etc.

Registration

For Registration, kindly download attached Application Form. The duly completed application form (hard copy) along with one passport size colour photograph to be sent to FTKMC, Mumbai. The form can be submitted by courier or in person along with a cheque / DD, for the fee, drawn in favour of ‘FT Knowledge Management Company Limited’, payable in Mumbai on the following address: Financial Technologies Knowledge Management Company Limited - 1st Floor, Exchange Square, Suren Road, Chakala, Andheri (East), Mumbai 400093

*The programme is non-residential in nature. Outstation participants need to arrange for their own accommodation.

To know more about our other products and services offered by FTKMC, please visit www.ftkmc.com or call 9930267955

We look forward for your participation.

Thanks & Regards

Bhairavee Redkar

(Asst. Manager)

Financial Technologies Knowledge Management Co.

1st Floor, Exchange Square

Suren Road, Chakala, Andheri (East), Mumbai 400093

Landline: +91-22-67318841 Extn: 8841

E-Fax: +91-22-67269541

Mobile: +91-9930267955

Email: bhairavee.redkar@ftkmc.com

URL: www.ftkmc.com

Technical Trend Analysis Weekly- Copper

2011-12-25T19:02:00.004+05:30

Copper Weekly Technical Trend Analysis-23/12/2011.

Weekly Candle: The last weekly candle of 23/12/2011 is bullish, but price range did not complete last week’s bearish candle. Weekly price in copper has resistance at 412-415. This week’s rise has been on good volumes.

Weekly chart Structure & important pattern: The weekly structure in copper was bearish but now has turned into a bullish structure of higher highs and higher lows. Unless the copper prices sustain above 415 the bullish structure will be at risk & may turn side-ways.

Weekly Trend line: 2 trend lines can be observed in the weekly chart of copper, the 1^st is the weekly trend line joining the weekly peaks in copper and 2^nd trend line can be observed in the upper right hand side of the corner, which is latest resistance price line for weekly copper. Copper has taken support on 1^st trend line at 336-370 prior to current rally.ise at

Weekly Moving Average: The 2 moving average are 50 sma- Pink colour line which will act as a resistance for growing price rise in copper while 200-green line is support area for copper.

Weekly Momentum Indicator: ROC is in oversold zone below the zero line/equilibrium line. This means bears do have upper hand, but at lower levels bulls seems to be garnering support.

Weekly Support & Resistance: The weekly support for copper is at 408,405 &399 while resistance at 415 and 419.

Weekly trades in Copper: Go long/Buy below 405 with a stop loss at 402.90 and 1^st target of 411 & 2^nd target of 418. If copper does cross 415 then a reverse trade of go short/sell at 414-415 with a stop loss of 418.

My email-ambardekarsuchita@gmail.com

Technical Trend Analysis Weekly-Aluminum 23/12/2011

2011-12-25T18:56:00.001+05:30

Weekly Candle: The last weekly candle is doji, and this doji support has come at the end of candle clusters and price range within this cluster is 103-109.

Weekly chart Structure & important pattern: The weekly structure of aluminium metal is weak & bearish. In the weekly aluminium metal chart at the left end of the chart highest peak is visible followed by lower peaks. In weekly chart all the peaks are joined by a horizontal trend line. On observation of aluminium metal price structure lower highs & lower lows were established when aluminium made a low of 62.90 in 28/02/2009, from there on in weekly chart aluminium structure has been higher highs and higher lows, within bearish structure.

Weekly Trend line: A trend line has been drawn touching the weekly highs of the aluminium. This trend line is the weekly resistance zone for aluminium prices. Currently the resistance price point for aluminium is near 125. This downward slanting horizontal trend line will act as resistance price area for any up-move in aluminium in the weekly chart.

Weekly Moving Average: The 2 moving average are 50 sma and 200sma. Currently the aluminium prices are above 200days sma, but below 50 days sma. So in few weeks a deciding move in aluminium can be anticipated.

Weekly Momentum Indicator: The Roc indicator is below the zero line-equilibrium line in oversold zone; this indicates a lower price in aluminium. This means bears are stronger than bulls.

Weekly Support & Resistance: Weekly support for aluminium is 103, 101 & 98 while weekly resistance is at 107, 109 & 112.

If price sustain 103 and go above 109 then aluminium price has a potential to touch 125 which weekly aluminium’s, strongest resistance price point.

Weekly trades for Aluminium: Buy with stop loss-102 and 1^st target 108, 2^nd target 112. Trailing stop loss after achieving 1^st target is 106.

My email-ambardekarsuchita@gmail.com

How to use price channels a method forecast-Growth Avenues workshop

2011-12-17T21:44:00.000+05:30

How to Buy the Lows & Sell the HIghs in the Market - Using Price channel methods to forecast end of moves and trade them for profits!

Date(s): 24 December 2011
Time: 09:00 am - 13:00 pm
Venue: Growth Avenues Knowledge Centre, 21 Kalpataru Point, Kamani Marg, Sion (East), Mumbai 400022

How would you like to have a method that gives you an excellent idea of what the market is doing?

Simple but very effective. Mechanical but having the advantage of discretion at the same time!

Get the analysis edge that many chartists don't have. Get the Bollinger edge!

Course Outline

Philosophy of Bollinger bands
Why and how they work
How to tweak them such that you have an edge
Which market to use which method
Risk control
Investing for the long term with Bollinger Bands
And more......

Course Duration: 4 hours

Course Fee: Rs 5900 + Tax
Call Sridhar Iyer : 9324670120 or Meera : 022 61819133

-Growth Avenues

Growth Avenues Asset Advisors Pvt Ltd
21 Kalpataru Point, Kamani Marg
Near Cinemax Theatre
Sion (E)
Mumbai 400 022

Alogritimic Trading Workshop-ATMA-25 December 2011

2011-12-14T11:46:00.003+05:30

Algorithmic Trading: The next step in Technical Analysis

Are you confused by all the talk about Algorithmic Trading, High Frequency trading and the ‘May 6 2010 Flash Crash’? Rapid technological advances and market changes overseas have radically changed the nature and appearance of on-market trading and these same changes are quickly unfolding in India as well. This two-hour meet looks after the growing trend of electronic trading, including Automated Order Processing (or Direct Market Access), Algorithmic Trading and how a technical trader/analyst can benefit from this wave.

The educational meeting will focus on:
• What is Algorithmic Trading
• Past, Present and Future of Algorithmic Trading
• Different Types of Algorithmic Trading
• The eco system of Algo
• Technical Analysis + Algo
• Your first TA based Algo trading system
• The Road Ahead

Registration fee:
Non-Members: Rs 750/-

Member Discount: 100%, Members kindly log-in & Register for the meeting to receive the discount.

Kindly Note:
1) Confirmations will be emailed, only for registrations done up to 24 hours prior to the event.
2) Since seats will be allocated ONLY on a first come first served basis on registering, kindly do drop a line back at events@atma-india.net, if you are unlikely to attend after registration so that the seat could be passed to a wait-listed person.
3) Late comers, not only miss out on key threads, but also distract and disturb others much. We strongly advise that all reach the venue on time. The formal presentation will begin sharp at 9:15am.

4) For local assistance, please contact CA. Manoj Sharma at 9818736660/ 9717555433

5) Security Advisory from Authorities requires that all Delegates bring & present an original valid photo ID proof. Admissions shall be refused without the same.
You are welcome to register & reserve a seat here
The Association of Technical Market Analysts
Niyati Pai
For Registering Online & membership details visit www.atma-india.net

ATMA and MTA sign Affiliation Agreement www.atma-india.net

Bank Nifty-Technical Trend Analysis-12/12/2011

2011-12-12T12:48:00.001+05:30

Daily Candle: The Friday Bank Nifty daily candle of 09/12/11 is doji bullish candle with open at 8786 & close of 8811. A horizontal trend line has been drawn, which is price divider between the bullish and bearish zone is daily bank nifty. This horizontal line observed in Bank Nifty is at 9300, so 9300 level is the resistance for bank nifty on daily bank chart.

Bank Nifty Daily Chart-9/12/11

Bank Nifty Chart Structure: Bank Nifty made the daily high of 13295 on 05/11/10 almost a year and 2 month ago considering the today’s date. Since the high in Bank nifty daily chart structure of lower low and lower high can be observed. This structure hints at down trend. In the Bank Nifty chart the lower highs have been joined by down trend line-down trend line and lower lows have been joined by return trend line. The down trend line and return line gives way to the structure of downtrend channel or descending channel.

Patterns: At present the pattern identified is descending channel in Bank Nifty daily chart. The trend channel is technically identified as downtrend channel in Bank Nifty daily chart. The bank nifty has taken support on return trend line at 9012 on 29/08/11, 8622 on 5/10/11 & 8203 on 23/11/11.

Note:

1. Trend channel or channel lines as they are often called technically do have measuring implications.

2. The trend channel is a secondary use of the trend line technique.

Trend Lines: In the Bank Nifty daily chart the trend lines have been drawn by connecting the lower highs which is 1^st trend line and 2^nd trend line which is connecting the lower lows is technically called the return line. Trend channel the down trend channel is between these 2 lines, trend line & return trend line. So technically for trading, trend line is resistance area on up-side for bank nifty and return line is support area for daily bank nifty.

Moving Average: The 4 moving average are 13ema, 34 ema, 50 SMA & 100sma have contracted above the daily bank nifty candle. There is an inflection between 13ema & 34 ema, which means a sudden sharp fall on down side can be anticipated in bank nifty this week. But fall may be fast and retrace back up too.

Momentum Indicator- KST: The KST Indicator is in the oversold zone or southern hemisphere, which means that the bears are in powerful position. But a positive divergence is observed in oversold zone, which means that bulls are gathering at lower levels.

Support & Resistance: The Bank Nifty daily support is at 8500, 8332 & 8200 & resistance at 9300, 8954, 8712.

My email-ambardekarsuchita@gmail.com

Nifty-Technical Trend Analysis-12/12/11

2011-12-12T11:29:00.001+05:30

These days I have been articulating on my blog with a gap of almost week or sometimes few weeks on Nifty. Speculation is a fascinating game and making money in a financial market is a fascinating game in itself. When studying charts or graphs, I realise that it is very important to understand or observe the genuine underlying movement, which is termed as trend in technical analysis lingo.

In Nifty I feel clear market picture is required to be observed & put aside minor distractions. Unless clear picture is observed writing or articulating on technical’s does not make sense to me and hence post on the blog being infrequent.

“Real movements do not end the day they start. It takes time to complete the end of a genuine movement. “

Nifty Daily Chart-12/12/2011

Daily Candle: The last daily candle of Friday 09/12/11 is a doji like candle, with long shadows. The open and close of friday doji candle is at 4870-4870. Technically if on Monday-12/12/2011 nifty opens on bullish note then a small bounce back can be expected on daily time frame.

But if market goes below the Friday close of 4866, then weakness till 4700 can be anticipated.

Note: Technical reason is that market abhors vacuum, market dislikes gaps. This technical phenomenon can be observed in the nifty, on minute observation of charts.

Nifty Chart Structure: Nifty made the daily high of 6332 on 08/11/10. In the nifty daily chart structure lower low and lower high can be observed. This structure hints at down trend. In the Nifty chart the lower highs have been joined by down trend line-down trend line and lower lows have been joined by return trend line. The down trend line and return line gives way to the structure of downtrend channel or descending channel.

The lower highs of structure within the downtrend channel are the resistance area and the lower lows within the structure of down trend channel are the support area.

Trend Lines: Previous few weeks back Nifty gave way to a kind of big island formation. But this island has given rise to a triple bottom in daily time frame with three bottoms being that 1^st bottom at 4720, 26/09/11 2^nd bottom at 4714 on 4/10/11 3^rd bottom at 4628 on 23/11/11.

Technically in daily time frame Nifty has bottomed out at 4600-4700. 4700-4600 range in nifty has become a strong support level for the nifty on the daily time frame. In case of any further fall in Nifty below 4607 due to any intense negative global or national pressure, then nifty may touch the mid-channel trend line at 4400 & further down at lowest channel trend line at 4200.

But I suspect market has discounted all this especially global-euro-zone issue & national-iip data. And weakness may not come at all.Though let us allow market to give this cue to us...

Moving Average: All the 4 moving averages 13ema, 34ema, 50 sma & 100sma are above the last candle, & they have turned down thus hinting a fall, at least in short term.

Patterns: At present the pattern identified is descending channel in Nifty daily chart. The new pattern seems to be forming within descending trend channel is triple bottom & the tree bottoms are 4750, 4714 & 4607.

Momentum Indicator- KST: The KST Indicator is in the south zone i,e technically in an oversold zone. A perfect positive divergence can be observed. If nifty crosses the zero-line conclusively and reaches the overbought zone this week of next week then it indication a bullish phase in nifty.

Support & Resistance: Nifty has resistance on the upside at 5150 & Nifty has support on the downside at 4850, 4747, 4714and 4678.

By Suchita Ambardekar.

email-ambardekarsuchita@gmail.com

Economy Of Fun -Jay Leno

2011-12-06T18:27:00.001+05:30

1. The  US has made a new weapon that destroys people but keeps the building standing. Its called the stock market - Jay Leno
2. Do you have any idea how cheap stocks are ?? Wall Street is now being called Wal Mart Street-  Jay Leno
3. The difference between a pigeon and a  London investment banker . The pigeon can still make a deposit on a BMW
4. What's the difference between a guy who lost everything in  Las Vegas and an investment banker ?  A tie
5. The problem with investment bank balance sheet is that on the left side nothing's right and on the right side nothing's left.
6. I want to warn people from Nigeria who might be watching our show, if you get any e mails from  Washington asking for money, it's a scam. Don't fall for it - Jay Leno
7. Bush was asked about the credit crunch. He said it was his favourite candy bar - Jay Leno
8. The rescue bill was about 450 pages. President Obama's copy is even thicker. They had to include pictures.  Jay Leno

9. President Obama's response was to support some small business owners in America. The small business owners are General Motors, General Electric and Century 21. - Jay Leno
10. What worries me most about the credit crunch, is that if one of my cheques is returned stamped 'insufficient   funds'. I won't know whether that refers to mine or the bank's.

Technical Trend Analysis Nifty -21/11/2011

2011-11-21T13:51:00.001+05:30

Due to any unfavourable or intense global or national issue nifty cracks down then the resultant nifty level will be between 4300-4600, and in such a case we will be in side-ways market with nifty level range of 4300-5200..

Daily Nifty Chart With KST Indicator-18/11/2011

Daily Candle: The last daily candle of Friday 18/11/11 is a hammer like candle. The open and close at 4899-4905. Technically if Monday opens o bullish note then a small bounce back can be expected on daily time frame.

But if market open below the daily close of Friday -4905, then a big fall till 4700 can be anticipated.

Trend Lines: In the Nifty daily chart the trend lines have been drawn by connecting the lows and the highs. To even out the trend 3 return lines have been drawn. This 3 return lines are lending support to Nifty with 3 conclusive bottoms 26/08/11 - 4720, 26/09/11 – 4758 & 4/10/11 – 4728.

Moving Average: Nifty has lost support of convergence of the three moving averages 13ema, 34ema & 50 sma. All the 4 moving averages have turned down thus hinting a fall.

Patterns: At present the pattern identified is descending channel in Nifty daily chart. The new pattern seems to be emerging in Nifty is double bottom island. Because of the gap down and island and taking 2 times support on the return trend line at 4750 and 4714 a triple bottom can be visualised.

Momentum Indicator- KST: The KST Indicator has crossed the zero-line conclusively and reached the overbought zone, i.e. the northern hemisphere, thus indicating a bullish phase in nifty. Nifty has given a bearish cross-over.

Support & Resistance: Nifty has resistance on the upside at 5150 & Nifty has support on the downside at 4850, 4747, 4714.

Weekly Chart Nifty 18/11/2011

Weekly Candle: The last daily candle of Friday 18/11/11 is big bearish candle with weekly close of 4905. The weekly fall was in the range of 5217 to 4837.

Nifty weekly prices are in the descending channel- trending downward while taking support on the return-line of this channel at 4720 & 4747. The downtrend line has acted as resistance level 4 times to weekly nifty. The currently weekly support for Nifty is at 4538.

Nifty Weekly Chart Structure: Nifty made the weekly high of 6300 in January 2008 & then again Nifty re-tested or touched 6338 high on 08/11/10, November 2010. Nifty weekly low of 2700 was recorded in December 2008, between first time high of January 2008 and current high of November 2010.

So Nifty weekly structure since low of December 2008 has been higher high and higher low. This weekly bullish structure of higher highs & lower lows persisted till the recent high of 8^th November 2011. But since December 2011 in weekly time frame Nifty weekly trend has been lower highs and lower lows-a bearish structure .

In the weekly Nifty chart the structure of lower highs and lower lows which is a down trend,have been joined by trend line-down trend line(lower highs) and lower lows have been joined by trend line-return trend line. The down trend line and return line gives way to the structure of downtrend channel or descending channel.

Weekly Nifty Chart With KST Indicator-18/11/2011

The lower highs of structure within the downtrend channel is the resistance area (5300, 5270, 5180) and the lower lows within the structure of down trend channel is the support area ( 4747, 4652, 4538) .

Weekly Nifty Pattern: No major pattern either reversal or continuation is currently observed in the Nifty weekly chart. I have often been asked that in Weekly Nifty chart inverse Head & Shoulder is seen. I disagree that weekly Nifty structure is hinting at Inverse H&S, for the reasons being that " the head is uneven, and shoulders are not in uniform with each other & volume which is most important in such important reversal pattern is not confirming."

Momentum Indicator- KST: The KST Indicator is in the oversold area or south zone below the zero-line, setting the bearish tone for nifty in daily time frame. The bears are more active and bulls have given up. The falling KST indicator thus hints at loss of momentum.

Support & Resistance: The falling support for weekly Nifty are between 4850-4538 and resistance from 5300- 5434.

Note: Though 4700 is a good support, but below 4700 a free fall to 4538 cannot be ruled out. Yet, most of Indicators are in extreme oversold zone, so in case of crash a powerful pullback can be also anticipated.

(Though one should be aware that Sensex & Nifty is in Cyclical or Secular Bull market in monthly time frame.)

As I am a firm believer in foremost understanding the trend of the underlying and then acting upon it by way taking long/short trades.)

Sometimes too good can be too bad-Louis vuitton sale in china

2011-11-15T11:21:00.001+05:30

An interesting sales perspective!!

Being popular is proving to be a bad thing for luxury retailer Louis Vuitton in China. The brand sells so well there, which is its second-largest market in the world, that it is becoming too common.

Lately, instead of China's wealthy, the middle class has been fueling sales at Louis Vuitton.

Twenty-six-year-old Cherry, a secretary at a financial services firm in Shanghai, told me she scrimped and saved from her USD 800 a month salary to buy a USD 1,000 Louis Vuitton bag because she loves "the feeling" of carrying it when out with friends.

There are tens of millions of Chinese women like Cherry who aspire to buy a Louis Vuitton handbag and millions are actually buying it.

Cherry`s desire to save up to buy a Louis Vuitton is becoming a double-edge sword for the brand. It means it will have years of growth there as incomes rise but its mass appeal also risks undermining its exclusive positioning.

My firm conducted interviews with several dozen mega wealthy with investible assets of more than USD 10 million. The majority told us they no longer wanted to buy Louis Vuitton. As a woman in Beijing, who is worth billions, said, "Louis Vuitton has become too ordinary. Everyone has it. You see it in every restaurant in Beijing. I prefer Chanelor Bottega Veneta now. They are more exclusive."

In nutshell, sometimes too good, can be too bad..Even good should be in measured doses it seems!!!

For more on this story

Bank Nifty Daily Technical Trend Analysis - 07/11/11

2011-11-07T15:57:00.001+05:30

Daily Candle: The Friday Bank Nifty daily candle of 04/11/11 is bullish candle with high of 9914 and close of 9836. The bullish candle is the 4 th time trying to pierce the resistance of 9980 in bank nifty.

Bank Nifty Chart Structure: Bank Nifty made the daily high of 13295 on 05/11/10 almost a year ago considering the today’s date. Since the high in Bank nifty daily chart structure of lower low and lower high can be observed. This structure hints at down trend. In the Bank Nifty chart the lower highs have been joined by down trend line-down trend line and lower lows have been joined by return trend line. The down trend line and return line gives way to the structure of downtrend channel or descending channel.

The trend line is resistance areas on up-side for bank nifty and return lines are support areas for daily bank nifty.

Moving Average: The 200 days moving average has been drawn on Bank Nifty chart. The crossing of 200 days moving average is important as its cross-over is often considered as major trend reversal signals. In fact 200days sma has been found to often coincide with triggering of Major Dow trend reversal signal.

Note:

1. Trend channel or channel lines are they are often called does have measuring implications.

2. The trend channel is a secondary use of the trend line technique.

Momentum Indicator- KST:The KST Indicator is in the oversold zone indicating a clear cut bearish trend, but the KST indcator is observed going up and currently touching the zeroline, thus indicating loss of downward momentum. But bulls need to cautious as bears cannot be undermined.

Support & Resistance: The Bank Nifty daily support is at 9600, 9584 & resistance at 9980, 10074.

My email-ambardekarsuchita@gmail.com

Market abhors vaccums-Nifty Technical Trend Analysis -07/11/11

2011-11-07T11:27:00.000+05:30

Last week the market closed on Friday 28/10/11 with a gap up and touched the downtrend line of the descending channel. Same day Nifty closed with a big gap up at 5360.10. And this daily gap up & few weeks ago gap down with Nifty at 5211 on 5/08/11 gave way to a kind of big island formation. This island is stretched between 5200-4700 with 3 daily bottoms at 26/08/11-at 4720, 26/09/11- at 4758 & 4/10/11- at 4728.

Technically in daily time frame Nifty has bottomed out. Any further fall in Nifty & if Nifty is unable to cross the resistance of 5400 at the down trend line of the descending channel may give reaction downwards, but even then nifty may not go below 4700.

And due to any unfavourable or intense global or national issue if Nifty cracks down then the resultant nifty level will be between 4300-4600, and in such a case we will be in side-ways market with nifty level range of 4300-5200 for a long time to come..

Nifty Daily Chart With Descending Channel-04/11/2011.

Daily Candle: The last daily candle of Friday 04/11/11 is a bearish candle with a close at 5360. The activity of the week ensured that the big gap up-of previous week was filled by daily nifty activity on 2/11/11 with low of 5204.

Technical reason is that market abhors vacuum, market dislikes gaps. So the gap up of Friday 28/10/11 i.e 5210-5341 was filled in the last week between 31/10/11-4/11/11.

Unless Nifty stay above 5400 for 2 weeks conclusively than any rally would be a suspect.

The lower highs of structure within the downtrend channel are the resistance area and the lower lows within the structure of down trend channel are the support area.

Moving Average: The three moving averages 13ema, 34ema & 50 sma have converged and crossed and interestingly Nifty has taken support on this 3 moving at 5058. Nifty last week also crossed the 100sma conclusively and hit on new resistance for daily nifty on the upside which is at 5382-5400. (The blog post of 21/10/11 has come indeed true-But before reaching that level nifty has to cross 5150 level successfully on the upside.)

“The KST indicator is showing a positive divergence in oversold zone, which means bulls, may have smartened up a bit.” Has come true indeed!!

Support & Resistance: Nifty has resistance on the upside at 5382, 5400 & Nifty has support on the downside at 5058, 5150, 5270.

Nifty Weekly Chart -07/11/11

Weekly Candle: The last daily candle of Friday 04/10/11 is small bearish candle with weekly close of 5284. This came after a last week’s big bullish candle which closed at 5360.70 & a high of 5399.

The lower highs of structure within the downtrend channel is the resistance area (6180, 5900,5770-5620) and the lower lows within the structure of down trend channel is the support area (5175, 5300, 4800, 4700, 4570) .

Weekly Momentum Indicator- KST: The KST Indicator is in the oversold area or south zone below the zero-line, setting the bearish tone for nifty in weekly time frame. The bears are more active but bulls have not given up. The KST has curled and a crossover hints at loss of downward momentum.

Support & Resistance: The falling support for weekly Nifty are between 5150 -4720 and resistance from 5300- 5434.

Special Note: Ever since I have been writing this blog, I have taken KST indicator while articulating on Sensex or Nifty. I find that this indicator has panned out well in giving perfect indication of the intermediate up trend or intermediate down trend in the indices. It has passed this test often by showing the underlying daily trend of the Sensex or Nifty. .) KST Momentum Indicator has been the real "Know Sure Thing "oscillator/ momentum Indicator truly reflect its, name.

(Though one should be aware that Sensex & Nifty is in Cyclical or Secular Bull market in monthly time frame.)

As I am a firm believer in foremost understanding the trend of the underlying and then acting upon it by way taking long/short trades.)

My email-ambardekarsuchita@gmail.com

India Most Improved on Bribery Index.

2011-11-03T10:06:00.000+05:30

BERLIN (Reuters) - Chinese and Russian firms are the most likely to pay bribes while operating abroad, and the most corrupt sectors are public works contracts and construction, according to Transparency International's latest "Bribe Payers' index".

China and Russia rank bottom, in 27th and 28th place respectively, in the 2011 index released on Wednesday, while the Dutch, Swiss, Belgians, Germans and Japanese get the top scores. Britain and the United States rank eighth and ninth.

But the Berlin-based anti-corruption campaigners said not one of the 28 countries surveyed -- which include all of the G20 -- was perceived as "wholly clean of bribery" and few had made a major improvement since the last bribery index in 2008.

"India's score improved the most, with an increase of 0.7, but it still remains near the bottom of the table. Canada and the United Kingdom saw the most significant deterioration in their scores with a drop of -0.3," read the report.

The group asked 3,016 business executives in 30 countries -- selected by the value of their foreign direct investments and exports, plus their regional significance -- how often companies based in countries in the survey engaged in bribery.

Transparency urged countries to ratify conventions against bribery under the auspices of the United Nations, the Organisation for Economic Cooperation and Development and the European Union.
"In their meeting in Cannes this week, G20 governments must tackle foreign bribery as a matter of urgency," said Huguette Labelle of Transparency International in a statement.

"It is of particular concern that China and Russia are at the bottom of the index," it said, citing their increasing global presence, especially in oil and gas in Russia's case and China's investments in infrastructure and mining, in particular in Africa.

CORRUPTION KILLS
China's decision this year to expand anti-corruption laws to Chinese firms operating overseas and foreign companies in China was an important step, but there was still a risk of "bottlenecks", said Ran Jianmin of Transparency in China.

New Russian laws outlawing foreign bribery gave rise to hope, Transparency's Russian research head Elena Panfilova said, although she added that there were as yet "no islands of integrity in Russian public and business life".
Russia came joint 154th of 178 nations in Transparency's 2010 index of public-sector corruption and China ranked 78th.

Breaking down the bribery index into 19 business sectors, public works contracts and construction were the most prone to bribery and agriculture and light engineering were the least, but no single sector scored above 7.1 on a 10-point scale.
Mining, oil and gas, real estate, and legal and business services were also very prone to bribery, it said, adding that they were "all characterised by high-value investment and significant government interaction and regulation, both of which provide opportunities and incentives for corruption".

Transparency said it was surprised that the likelihood of bribes being paid from one private firm to another "is almost as high as bribery of public officials across all sectors".
"Bribery can also be disguised through offering clients gifts and corporate hospitality that are inappropriate in value," said the report.

New British legislation this year making bribery between firms an offence, including any company incorporated overseas or carrying out business in the United Kingdom, "sets a new global standard" that should be widely imitated, it said.

It said corruption in public works contracts and construction often compromised safety in public buildings, "which, as witnessed by the many deaths from earthquakes in highly corrupt countries, has a very real impact on human lives".
(Reporting by Stephen Brown; editing by Andrew Roche)

Two-Day Training Programme on Jobbing, Arbitrage and Spread (Commodity and Currency) s

2011-11-01T22:46:00.000+05:30

We have great pleasure informing you the Two-Day Training Programme on Jobbing, Arbitrage and Spread (Commodity and Currency) scheduled at different cities

Mumbai - 17^th & 18^th November 2011
Bangalore – 22^nd & 23^rd December 2011

Timings :

Day I – 2pm to 6pm

Day II – 5pm to 9pm

Venue for Mumbai: Training Room

FT Tower, 1st Floor

Suren Road, Chakala,

Andheri (East) Mumbai - 400093

Phone: +91 - 22 - 67318842

Enclosed is the Programme brochure for your kind reference.

In case there is a group of 20-25 people who are interested to do this training programme. We can organize a training programme at your location. You may please write to us or call us on our nos mentioned below for further communication.

FEES & REGISTRATION :

The fee per participant is Rs 4000/- plus 10.3% service tax. The fee includes course material, tea/ coffee, and snacks. Fill in the registration form and kindly send payment by cheque/ demand draft in favour of ‘FT Knowledge Management Company Limited’, payable in Mumbai, on the following address:

Meena Kulkarni -Financial Technologies Knowledge Management Company Limited - 1st Floor, Exchange Square, Suren Road, Chakala, Andheri (East), Mumbai 400093

Download Registration form : http://www.ftkmc.com/pdf/FTKMC-Reg-Form.pdf

Brochure-

http://www.ftkmc.com/pdf/Training-Programme-on-Jobbing-Arbitrage-and-Spread.pdf

In the fast-paced world of financial derivatives markets, it is important to develop domain knowledge expertise as well as quantitative and qualitative analytical skills. Increasing volatility has put forth difficulties for the long-term traders. In view of this, a need has been felt to spread education on short-term trading in commodities and currency futures.

In this perspective, Financial Technologies Knowledge Management Company (FTKMC), Mumbai (an associate of Multi Commodity Exchange of India Limited, India’s No. 1 Commodity Exchange, and MCX Stock Exchange), proudly announces a two-day programme on trading techniques in Jobbing, Arbitrage, and Spread. Jobbers, traders, dealers, treasury managers, research analysts, investors, other market participants, and aspiring students can benefit by understanding these concepts. This programme will prepare participants for trading in currency and commodities markets, treasury management, investment banking, research and analysis, portfolio management, etc. It will provide participants with advanced skills in the application of concept and theory that are required in today’s competitive currency and commodities markets ecosystems to become dealers/jobbers/ brokers/research analysts/treasury managers.

Programme Content:

• Different types of jobbing techniques

• Setting up a jobbing desk

• Meaning of spread

• Different spread trading techniques

• Excel sheet analysis for spread and arbitrage trading

• Difference between intra-commodity spreads and inter-commodity spreads

• Major international commodity exchanges; their functionality and governance

• Timings of international markets

• Commodities in which spread trading is profitable

• Entry and exit strategy for spread trading

• Arbitrage trading

• Importance of information sources in volatility forecasting (using TickerPlant Infovending)

• Cross-currency trading

Who should attend?

Participants will get the opportunity to set up a commodity and currency jobbing desk and become a successful jobber in the market. The programme is immensely beneficial to arbitragers, spread traders, jobbers, and dealers to refine their trading strategies as they will be provided with all the relevant details. This is a niche programme that caters to the companies operating in commodities and currency ecosystems.

The direct beneficiaries include:

• Members of commodity exchanges

• Members of currency exchanges

• Brokers

• Traders

• Dealers

• Researchers

• Investment consultants

• Treasury professionals

• Students of business schools who want to pursue a career in these segments

In case of any further assistance please feel free to contact us.

We look forward to your participation

Thank you

With Best Regards,

Meena Kulkarni

Financial Technology Knowledge Management Company Ltd

1st Floor, Exchange Square,

Suren Road, Chakala, Andheri (East) Mumbai - 400093

Phone: +91 - 22 - 67318842

Email - meena.kulkarni@ftkmc.com

URL: www.ftkmc.com

Technical Trend Analysis -21/10/2011

2011-10-24T09:23:00.000+05:30

Daily Candle: The last daily candle of Friday 21/10/11 is bearish candle. Nifty closed at 5049.95. Since the gap down fall on 05/08/2011 the market open at 5204. And then on new yearly lows on nifty were registered. The big bearish candle of Thursday 06/10/11 made a low of 4741 & took a support on the return-line of the downtrend channel as observed in Nifty daily chart.

Currently Nifty is trying to reach 5134 and after that may try to penetrate the gap above 5200.

Nifty Daily Chart 21/10/2011

The lower highs of structure within the downtrend channel are the resistance area and the lower lows within the structure of down trend channel are the support area.

Moving Average: Nifty has taken support on 13ema as well as 34ema, 50 sma. The 100sma is new resistance for daily nifty on the upside which is at 5258. But before reaching that level nifty has to cross 5150 level successfully on the upside.

Patterns: At present the pattern identified is descending channel in Nifty daily chart. The new pattern seems to be emerging in Nifty is double bottom island. Because of the gap down and island and taking 2 times support on the return trend line at 4750 and 4714 a double bottom can be visualised.

Momentum Indicator- KST: The KST Indicator is in the oversold zone, the south hemisphere, thus indicating a bearish phase in nifty. The KST indicator is showing a positive divergence in oversold zone, which means bulls, may have smartened up a bit.

Support & Resistance: Nifty has resistance on the upside at 5108, 5134 & 5200 & Nifty has support on the downside at 5016, 4984, 4924.

KST Momentum Indicator has been the real "Know Sure Thing "oscillator/ momentum Indicator truly reflect its, name.

Workshops Conducted By Mr. Vivek Patil-Testimonials

2011-10-02T12:29:00.001+05:30

Trading and investing is a often about building crucial blocks with knowledge, technical skills and experience. Mr. Vivek Patil and Elloit Wave heory practitioner and Neo-Wave exponent. did a series of work shop for technical analysis enthusiasts.

Through ITWA (Institute of Technical & ITWA (Institute of Technical & Wave Analysis) the workshops were conducted personally by Mr. Vivek Patil. This workshops were conducted and designed to enhance the technical skill of participants to procure better profits.

The course were counducted between period of July 2011-Ocober 2011 were by Mr. Vivek patil under ITWA

1.Secrets of a succesful Trader-Saturday 23rd July 2011.

2.Great long-term Investment Principles based on Technical Analysis-Saturday 3oth July 2011.

3. Theory & practice of Neo-Wave Analysis-Saturday 14th August 2011.

4. The secrets of successful Traders-1st October 2011.

Testimonials

"It was a pleasure meeting you and getting an opportunity to learn from the genius in Technical Analysis. I once again take this opportunity, to thank you for taking out time in your busy schedule and imparting me with the fair knowledge of Neo Wave Analysis & en-lighting the new dimension to viewing markets on wave theory. I look forward to a continuous interaction ahead on learning & understanding from my Guruji!!"

Rohit Gala, Equity research, Artham Advisory Services Pvt. Ltd.

"I would like to thank you for the excellent training session on neo wave. It was truly an enriching and learning experience! It helped me answer many unanswered questions like chapter 3, plotting of avg charts, complexity on all of which I spent too much time with no clear result. Looking forward to keeping in touch with you."

Ashish kyal, Technical Analyst

"I would say one great idea is required to be successful. I have got this idea reinforced today. Thanks Vivek sir"

Bharat H. Shah, Technical Analyst

"I am very satisfied by whatever sir has taught & I think It will make a good difference & my trading activity will definitely improve to a great extent."

Akash P. Vijan, Technical Analyst

"After attending the session It has make a lot of difference in my trading activity. It has given me confidence. Thank you."

Rakesh Kumar Jain, Technical Analyst

"I would like to Thank Vivek Sir as after attending his session for "Great long-term investment principles based on Technical Analysis". It gives me a better observation to pick the stocks for Long term."

Piyush Shah, Technical Analyst

"I would like to Thank Vivek Sir. as after attending his session for "Great long-term investment principles based on Technical Analysis". "I Have Learnt additional new investment strategies which I can use for my Job & personal investment."

Subash Gangadhar, Research Analyst

"As I am long term investor I was not able to use technical's clearly, But Now I can make move clear decision on my investment including stocks & commodities. Thankyou Vivek Sir."

Rajeshri Shah, Technical Analyst

"I may start applying patience in my trading & also start long term investments which I had Never made. It has given me confidence. Thank you."

Sunil J. Anandpara, Technical Analyst

"After attending the session, It had made a big difference to a very great extent into my job. It had changed my entirely strategy for Trading & investment. Thank you Sir."

Pankaj Kumar Jain, Technical Analyst

"I would really like to Thank Vivek Sir as after attending his session for "Great long-term investment principles based on Technical Analysis" I learnt a lot like Strategy for Bottom fishing, Booking Profit at higher levels, Co-relation with other asset class (Dollar index / P.E). It really helped me to a great extent for my long term investment Plans."

Mr. Vinay Wasankar, Director

"The workshop has Sharpened my skills in application of Wave theory. Thankyou Vivek Sir"

Mr. RamKumar Iyer, Director

"I would like to thank Vivek Sir after attending the Session "NeoWave made simple" now i feel confident & it helped me to become a better trader. Thank you Vivek sir."

Jyoti Nangrani

"Respected Vivek Sir, Its after too many days but its you are in our memory. I am very thankful for Smile Education for providing me a great opportunity to accompany you and gain good knowledge and get my queries solved from you. Since workshop I am daily studying Mastering Elliot Waves, your Notes and material which you already mailed me. Most importantly I am making good money and getting lot of satisfaction in trading. This is in remembrance of my Guru."

Dr. Imran S Shaikh

ITWA (The Institute of Technical & Wave Analysis)

To register : Contact us on 022-25645610/1/2/3 , +91 9167235448/9, or send your response tocounsel@itwa.co.in (Confirmation on first come first serve basis)

Guru of Point & Charting Method Mr. Jeremy Du Plessis for a full-day Educational Seminar on October 22, 2011 at Hotel ITC Maratha.

2011-09-29T21:57:00.002+05:30

The Association of Technical Market Analysts (ATMA) is excited to bring the Guru of Point & Charting Method Mr. Jeremy Du Plessis for a full-day Educational Seminar on October 22, 2011 at Hotel ITC Maratha.

CNBC-TV 18 partners with us as much as the Market Technicians Association & Bloomberg do in bringing world-class content delivered by a Global Guru on the subject!

A brief outline of the programme is as follows:

Theory

History
Understanding construction parameters
Implications of changing parameters
Difference between 1-box and 3-box charts
Patterns and Signals
Drawing point and figure trend lines
Vertical and horizontal targets
Risk:Reward ratios
Advanced point and figure techniques

Practical

How to approach a Point and Figure chart
How to work out box size and reversal
How to manipulate the chart to get the most out of it
How to use targets and trends
How to use advanced methods
Audience requests

Benefits of attendance:

All traders, from time to time go back into phases of over-trading impulses. Ability to cut noise out and focus on signals helps in avoiding this. Point & Figure is the most excellent of all methods to filter noise. Each trader has a unique definition of what level of movement is noise and P&F accommodates each unique trader.
Unlike the myth that P& F is only for the very old investors who hobble down to the markets on a cane, it actually is a very old method that works as well from data fetched at frequencies of 1 minute to 1 month. Drawing charts of intraday time frame and keeping a perspective of years structures is all feasible as well.
Clear, concise signals. Nothing NOTHING NOTHING ever is a Hold. Everything is EITHER A BUY OR A SELL. Point & Figures have the most objective analytical framework. Ifs, buts, perhaps, may be are prevalent in other analytical methods, not here.
Timeless Timing Method: The only Technical Analysis Method in which time is not plotted on the X axis! Well, we at ATMA aren’t reaching so far as to compare the P&F method to be the equivalent of Einsteinian Relativity of the Markets! Yet the truth is no other market analysis method dares to use time and price interchangeably! Imagine this technique was discovered around a 100 years ago! Not today!
The significance of P&F is understood little in India. Yet at the most coveted qualification in Technical Analysis education, the Chartered Market Technician programme (which is often cited as the Gold Standard of Technical Analysis Education), P&F method is tested regularly as it is considered one of the key skills in the “tool kit” of a proficient Technician!
Networking: This is a great opportunity, not only to increase your education and gain insight on practical applications for today’s market, but to increase your networking. With a high projected attendance, and many recognizable professionals within the financial markets participating, don’t miss out on an unprecedented opportunity to make new connections and increase your personal network.

Do remember to stay back for COCKTAILS at the relaxing LAWNS of ITC Maratha!!!

All attendees will be able to obtain a fully functional free trial of TraderPro - the widely- known P & F software developed by Mr. Jeremy du Plessis.

Additional opportunities may be available to buy ‘The Definitive Guide to Point and Figure’ to all attendees who wish to buy at a discount of 50% on the cover price.

The programme itinerary is:

Time: 08:30AM – 08:30PM

08.30am - 09.15am Registrations (networking for early-comers)
09.15am - 09.20am National Anthem (formal programme begins)
09.20am - 09.45am Introduction of the speaker; Speaker introduces topics of the day (don’t miss)
09.45am - 11.15am Technical Session I of the Training Programme
11.15am - 11.45am Coffee Break
11.45am - 01.15pm Technical Session II of the Training Programme
01.15pm - 02.15pm Lunch
02.15pm - 03.45pm Technical Session III of the Training Programme
03.45pm - 04.15pm Coffee Break
04.15pm - 05.45pm Q & A & Live Charts with Jeremy du Plessis
(All audience question coupons to be given to anchors by 1.30 p.m.)
06.00pm - 08.30pm Cocktails (with snacks) at the Lawns of ITC Maratha

Venue:

The Ball Room, ITC Maratha, A Luxury Collection Hotel,
Sahar Airport Road, Near International Airport, Andheri (East), Mumbai

Speaker’s Profile:

Jeremy founded Indexia Research in 1980 and joined forces with Updata in 2001. He is author of The Definitive Guide to Point and Figure and has developed the Indexia proprietary tools with in Updata Technical Analyst. Jeremy has decades of technical analysis experience. He teaches modules on the STA Diploma course in the UK. He manages the Technical Analyst programming team at Updata and liaises with most of their clients to constantly improve the system.
His book is an essential reading material in the Chartered Market Technician education programme of the Market Technicians Association.
Jeremy is the most powerful and the most lucid voice on the Point & Figure Charting Method today, worldwide. No questions asked.

Event Registration Fee:-
ATMA Members - Rs 3000 (Inclusive taxes)
Non – ATMA Members – Rs 7500 (Inclusive Taxes)

[ATMA Members login to the WEBSITE with your Membership Credentials to automatically receive the special price registration for members]

Kindly Note:

For registration/assistance , please contact the ATMA Office on the number (022)22722862/ 32262862
Attendees are required to compulsorily carry the original photo identity proof on the day of the event for security reasons. Those who fail to present identity proof on request during registration will be denied a seat in the seminar and will not be allowed to attend it under any circumstances.
Payment for the seminar to be done ONLY through the online payment mode.
No Refunds
No Transfers of Registrations from Member Discounted Price category to any non members.

To find more about the event, you can visit by clicking the event website

You are welcome to register & reserve a seat by clicking here. Once you register, allow us some days to process your order & send you confirmations.

Sincerely
Association of Technical Market Analysts

Workshop By Vivek Patil- 1st October 2011

2011-09-28T11:05:00.000+05:30

If you wish to a become a successful trader of financial markets,
ITWA (The Institute of Technical & Wave Analysis) has organized a Workshop
covering Mr. Vivek Patil’s revolutionary chart-based trading system
that assures maximum profits in a few simple steps

The Secrets of a Successful Trader
(Saturday 1^st Oct’2011)

No prior knowledge of Technical Analysis required.
Only few days left now. Book your seat today.

Trainer / Chief Mentor : Mr. Vivek Patil

Time : 1^st October, 2011 (Saturday) 2.00 pm to 6.00 pm

Venue : Smile Education P.Ltd, 301, BPS Plaza, Devidayal Road,
Mulund (W), Mumbai.

Fees : Rs. 3,309/- (Rs. 3,000 + 10.30% Service tax)

To register : Contact us on 022-25645610/1/2/3 , +91 9167235448/9, or send your response to counsel@itwa.co.in (Confirmation on first come first serve basis)

Mode of Payment (1) : Transfer the amount directly to our bank account with HDFC Bank Ltd., Devidayal Road, Mulund (w), Mumbai (MH) A/c Number : 06522560001100 (IFSC Code : HDFC0000652) favoring “Smile Education P.Ltd.”

"OR"

Mode of Payment (2) : Courier your Cheque in favor of “Smile Education P.Ltd.” to ITWA / Smile Education, 301, BPS Plaza, Devidayal Road, Mulund (West), Mumbai - 400 080

Gold LME Technical Trend Analysis -22/09/2011

2011-09-27T10:33:00.000+05:30

The ascending channel is observed in the Daily chart of LME Gold An ascending channel is the ascending prices between the two parallel lines( the lower line is the basic trend line and the upper line is the return line). The gold prices remain in the ascending channel hint at bullish structure of higher peaks and higher troughs. Ascending channel depicts the bullish trend prevalent in the LME Gold.

One can observe lot of price gaps in recent past in the LME daily Gold prices. Price gaps are simply areas on the bar chart where no trading has taken place. Upside gaps are a signs of price strength. In the daily Gold LME chart one can see all the three important price gaps.

1. Breakaway gap- Breakaway gaps in the above chart is signalling the basing or accumulation and also signalling the significant market move, which came with gold price trying to break-out of ascending channel.

2. Running gap-In the Gold LME price one can observe the runaway gaps. Once these gaps were observed the prices did not fall below the gaps and new highs were observed in daily Gold LME. Runaway gaps acted as a support and along with convergence of 4 moving average, shouted up through the ascending channel and breaking the ascending channel in the process.

Gold LME Daily Chart-22/09/2010

3. Exhaustion gap-The last gap is the exhaustion gap. This is the final gap and may herald the completion of the bullish move in gold may be temporary but for a long time to come. An exhaustion gap is the end of current uptrend and last gasp in price leaping upwards.

At the end of exhaustion gap, gold prices started coming down and the fall has actually filled the exhaustion gaps. Exhaustion gap is an excellent sign that the up move has exhausted. So one down fall gets arrested, one can expect some form of price consolidation in LME Gold.

Momentum Indicator- KST- The indicator is in the overbought area, with megaoverbought phenomenon. This means though a reaction which is nothing but exhaustion due to momentum of high gold running prices.

Gold LME Weekly 23/09/2011

The above weekly Gold LME chart is indicates a classic bullish, forceful and cyclical uptrend in Gold.The reaction to this powerful weekly gold prices is nothing but forceful rally as anticipated and observed from the daily chart.

Gold LME Monthly Chart - 22/09/2011

Nifty Weekly, Monthly Trend Analysis - 23/09/2011

2011-09-26T12:55:00.000+05:30

Technical trend analysis of Nifty in Weekly time frame/Monthly time frame.

Nifty Weekly Trend Analysis
In weekly time frame for nifty has made 2 tops at 6300 in January 2008 & November 2010. On the left side in weekly nifty chart a descending channel is observed. On a high at 6338 on 8th November 2010 in weekly nifty a double top can be observed which does not qualify as double top, but 6300 in nifty can be said as double resistance price area.

Nifty Weekly Chart -23/09/2011

Descending channel on the left side started with a high of 6338 at November 2010 and since then have been going down at a consistent level. A perfect market structure of lower highs and lower lows can be observed within the descending channel. This falling market structure is ensconced within the downtrend line and return line parallel to downtrend line.

Momentum Indicator KST- The indicator is in the oversold zone, the natural breeding ground of bears, and in coming week the downtrend may gain acceleration.

So intermediate-weekly trend is down due to descending channel.

Nifty Monthly Chart -23/09/2011

The monthly nifty trend analysis show a proper uptrend with consistent higher highs and lower lows on the uptrend line. Once can observed an uptrend line at a perfect 45% degree, the validity of this uptrend line can be said to be from the year 1993.
In the monthly chart one can easily observe that long term trend in Nifty is up, the intermediate trend is down. Till the monthly trend line is intact the bulls will have upper hand & long term trend is confirmatory bullish for Nifty.

Momentum Indicator- KST
The momentum indicator is in the overbought zone a firm ground of bulls. The indicator is falling thus hinting at the acceleration in the intermediate price loss in the nifty.

© 2011, Suchita Ambardekar, All rights reserved.

Nifty Technical Trend Analysis-23/09/2011

2011-09-26T10:15:00.000+05:30

The financial markets across the globe are tumbling. The key financial asset class like precious metals, currencies have changed the trend. Globally the equity markets have been tumbling since the beginning of the year 2011. The global debt market is also in chaos, which means the trend change is also being perceived in this markets. Speculation is abound in all the financial markets.

Gambling in all the financial asset class.

India or Indian financial market is also swinging. The equity market is in downtrend, the precious metals has a good rise, but had precipitous fall. Only the real estate prices in India have not seriously affected. /the real estate prices are on good wicket, though real stocks on bourses are at dismissal low.

Nifty Daily Chart-23/09/2011

Nifty Chart Structure: Nifty made the daily high of 6332 on 5/11/10. In the nifty daily chart structure lower low and lower high can be observed. This structure hints at down trend. The falling structure of Nifty has been shown by downtrend channel or descending channel.

The lower highs of structure within the downtrend channel is the resistance area and the lower lows within the structure of down trend channel is the support area.

Nifty Daily Chart Descending Channel Highlighted -23/09/2011

Daily Candle: The last daily candle of 23/09/11 is doji, which means the brakes have been applied but fall may not be over yet. The Friday close was at 4867 and open was at the 4873. Nifty made a new low on 19/08/2011 at 4800 or rather 4796 to be more precise. If nifty remains below 4870, the nifty may make new low, and the trend channel daily support for nifty is 4780.

Trend Lines: In the Nifty daily chart the trend lines have been drawn by connecting the lows and the highs. To even out the falling prices trend 3 return lines have been drawn. The descending return lines have been drawn to high light the nifty support areas.

Moving Average: All the four moving averages were at resistance to the nifty prices. The nifty have down a penetrative crossover from above at 13ema & 34ema.

In fact bow between the 13ema & 34ema hint at fast downfall.

Patterns: In the daily Nifty chart the pattern found is descending channel.

Momentum Indicator- KST: The KST Indicator is in the oversold zone, the south hemisphere. The KST indicator is falling in the oversold zone, which means the fall is accelerating.

Special Note: Ever since I have been writing this blog, I have taken KST indicator while articulating on sensex or Nifty. I find that this indicator has panned out well in giving perfect indication of the intermediate up trend or intermediate down trend in the indices. It has passed this test often by showing the underlying daily trend of the Sensex or Nifty.

KST Momentum Indicator has been the real "Know Sure Thing "oscillator/ momentum Indicator truly reflecting its, name.

Support & Resistance: The downtrend channel of descending channel predicts the support and resistance with greater alacrity. As downtrend line is the natural resistance line and return line natural support area for nifty.

Resistance areas are 4928, 5080, 5200

Support areas are 4780, 4714, 4650..

Algorithmic Trading Seminar - 17th Septmber 20111

2011-09-09T21:52:00.000+05:30

17th September 2011 from 3.30 to 7.30 pm- Venue

Scavi Room

2nd Floor, St. Xavier's College, 5, Mahapalika Marg, Next to Cama Hospital

Mumbai - 400 001 , Maharashtra , India


More Info	(REGISTER BY CLICKING http://tinyurl.com/3lunpuv) Educational Topic:' Algorithmic Trading' Session 1: Introduction to algorithmic trading - Building blocks of the algorithms - What, why, how, where off AT - Introduction to agency and prop side algorithms - Agency algo: VWAP, TWAP, Inline, Aggressive, Passive - Prop algo: Pairs, Trend following, High frequency etc. - Introduction to DMA, DSA, dark-pool, flash trading Session 2: Lifecycle in development of AT - Back-testing and Monte Carlo simulation - Alpha generation: hands on using regression in Excel - Stress-test and simulated trading - Algorithm deployment and execution: CTCL, DMA, FIX etc. - Connectivity to liquidity pools: Exchanges, ECN, inter-dealer broker - Testing methods and live trading consideration Session 3: Jargons in AT and what it means to a layman - History of AT - Risk management in Algo trading - Transaction cost reduction: VWAP, TWAP, Sniper, Slicers - Index arbitrage and Program trading - Dark pool strategies - Market making (sell-side) vs. liquidity extraction (buy-side) - High frequency / Ultra high frequency: low latency trading - Trend following, pair trading, delta neutral strategies Speaker: Mr. Manish Jalan Registration Fee: ATMA Members : Nil (members, kindly register for the meeting only after logging into your ATMA account) Non Members : INR 1000 Register in the EVENTS section of www.atma-india.net

More Info

(REGISTER BY CLICKING http://tinyurl.com/3lunpuv)

Educational Topic:' Algorithmic Trading'
Session 1: Introduction to algorithmic trading
- Building blocks of the algorithms
- What, why, how, where off AT
- Introduction to agency and prop side algorithms
- Agency algo: VWAP, TWAP, Inline, Aggressive, Passive
- Prop algo: Pairs, Trend following, High frequency etc.
- Introduction to DMA, DSA, dark-pool, flash trading

Session 2: Lifecycle in development of AT
- Back-testing and Monte Carlo simulation
- Alpha generation: hands on using regression in Excel
- Stress-test and simulated trading
- Algorithm deployment and execution: CTCL, DMA, FIX etc.
- Connectivity to liquidity pools: Exchanges, ECN, inter-dealer broker
- Testing methods and live trading consideration

Session 3: Jargons in AT and what it means to a layman
- History of AT
- Risk management in Algo trading
- Transaction cost reduction: VWAP, TWAP, Sniper, Slicers
- Index arbitrage and Program trading
- Dark pool strategies
- Market making (sell-side) vs. liquidity extraction (buy-side)
- High frequency / Ultra high frequency: low latency trading
- Trend following, pair trading, delta neutral strategies

Speaker: Mr. Manish Jalan
Registration Fee:
ATMA Members : Nil (members, kindly register for the meeting only after logging into your ATMA account)
Non Members : INR 1000

Register in the EVENTS section of www.atma-india.net

Would be attending the Seminar on Algorithmic trading..

Suchita Ambardekar.

SUCHITA AMBARDEKAR

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Bangalore – 22nd & 23rd December 2011

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The course were counducted between period of July 2011-Ocober 2011 were by Mr. Vivek patil under ITWA

1.Secrets of a succesful Trader-Saturday 23rd July 2011.

2.Great long-term Investment Principles based on Technical Analysis-Saturday 3oth July 2011.

3. Theory & practice of Neo-Wave Analysis-Saturday 14th August 2011.

4. The secrets of successful Traders-1st October 2011.

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Mumbai - 17^th & 18^th November 2011

Bangalore – 22^nd & 23^rd December 2011