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Psychology of Market

2010-06-30T09:55:00.000+05:30

NIFTY CALLS PERFORMANCE IN MAY TILL DATE

2010-05-19T08:34:00.002+05:30

TOTAL NIFTY CALLS GIVEN IN MAY TILL DATE 21/05/2010 = 28
STOP LOSS HIT = 4
PROFITABLE CALLS = 19
RECOVERED AT PAR = 3
OPEN CALLS = 2
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2010-05-09T10:25:00.000+05:30

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Nifty Analysis and Chart for coming week has been updated, check the same @ http://www.tradersplace.in/niftytechnicals.html

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Nifty Analysis for coming week 26-30/05/2010

2010-04-26T07:57:00.000+05:30

Nifty Analysis for coming week 26-30/05/2010 has been updated.
WEEK GONE BY
Nifty cracked sharply on Monday and tested 50 EMA. Rest of the week saw Nifty posting gains which helped to regain lost ground and close the week on positive note. Weekly high was 5331.80, weekly low was 5160.90
WEEK AHEAD
Nifty strong above 5330 areas, weakness only below 5220. Nifty weekly supports 5260-5220-5160, weekly resistances 5380-5440-5500.
Chart of Nifty

HINDUSTAN UNILEVER - Soups to Soaps

2010-04-10T11:40:00.003+05:30

HINDUSTAN UNILEVER - soups to soaps
Interesting to look at Hindustan Unilever long term charts.
LINE CHART [WHITE] = 5 years support trendline has been breached [dotted white].
CANDLE CHART - 6 years support trendline [BLUE] may lend support around 215 zones. March candle does indicate a possibility of short term reversal. Noting the tendency of HUL to bounce sharply from this trendline indicated by the long lower shadows on the monthly candles, covering shorts and adding some contra longs (CMP 221.35-215) looks prudent for targets of 240-250+. Stops for longs could be 209.95 on weekly closing basis. Can short below 209.95 if breached on weekly basis for 190-185-165 zones with stops above 218.10 on weekly closing basis.

Guess Nifty Level in immediate short term.

2010-03-22T16:41:00.001+05:30

INDIAN STOCK MARKET - NIFTY = What is Next ? Nifty 5090- or 5311+ Have your say here

Nifty Analysis for coming week 22-26/03/2010

2010-03-22T08:04:00.001+05:30

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Nifty Analysis for coming week 15-19/03/2010

2010-03-13T17:11:00.000+05:30

WEEK GONE BY
Nifty had a big weekly pause! Consolidated in a narrow spread of 66.05 points. Weekly low was 5092.05, weekly high was 5158.10
WEEK AHEAD
Nifty strong above 5180, cautiously +ve above 5090, weakish below 5050. Expect strong momentum above 5180 / below 5050 zones. Nifty weekly supports 5050-4930-4860, weekly resistances 5180-5240-5290.

Vote & be counted

2010-03-07T12:03:00.004+05:30

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Trading Basics

2010-03-07T11:15:00.001+05:30

'Trading time frame” refers to the length of time that you generally plan to hold trades. Will you trade intraday, short-term, long-term or somewhere in between? What is your definition of short-term, long-term, etc.? This is a critical decision as each individual has a different temperament for risk. It is essential to trade in a manner that fits your own personality. Day traders will tell you that day trading is the best way to trade and will give you very good reasons why they believe this is so. Trend-followers will tell you that trend following is the only way to go, and so on and so forth. The bottom line is simply this: No matter what anyone tells you, there is no one best way to trade. You must identify the approach that is best suited for you personally. If you can’t follow the markets all day, then it is unrealistic to expect to be a successful day trader.
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Stops - Pros and Cons

2010-03-07T11:14:00.003+05:30

Setting protective stops is an essential ingredient in any leveraged trading activity. This process can be done physically, by actually placing them in advance with your broker, or mentally, by deciding where a stop should be executed. Physically placing a stop may involve setting an alert with your software and watching the price action very closely. On the other hand, if you set the stop mentally, you may be focusing on one specific market and can immediately execute an order the moment the stop is reached.
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Technical Analysis

2010-03-07T11:10:00.001+05:30

Major Trends have three Phases - Accumulation, Participation & Distribution are the key phases in major trends. In the accumulation phase the informed insiders know that in the current downtrend, markets have fully discounted the bad news, they accumulate at discounted prices. Public participation phase starts when prices are rising rapidly and now even the business & economic news is improving. Distribution phase starts when all the media carries bullish headlines, there is speculative buying on huge volumes. During this last phase the same informed investor who began accumulating near the bear market bottom, begins to distribute before anyone else starts selling.
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Money Management & Trading Tactics

2010-03-07T11:05:00.001+05:30

MONEY MANAGEMENT
Trader must look into three important factors : price forecast, timing and money management to trade successfully. Price forecasting indicates which way market is expected to trend. It is the first crucial step in trading. Forecast process determines if trader is bullish or bearish. If price forecast is wrong nothing else will work. Trading tactics determines specific entry and exit points, ie., timing. Money Management covers allocation of funds. Price forecasting tells what to do (buy or sell), timing helps decide when to do it, and money management determines how much to commit to trade.
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Elliott Wave Count for Nifty

2010-03-07T10:30:00.001+05:30

There is strong possibility of Nifty crossing 5310.85 in short to medium term. Check out Elliott Wave Count
TradersPlace Nifty Analysis updated every week.