tag:blogger.com,1999:blog-4466911591197784411Wed, 28 Aug 2024 23:28:25 +0000Technical Analysis and Trading tips on NSE (Nifty) with special focus on trading NIFTY on a day-to-day as well as Intra-Day basishttp://tradingforprofit.blogspot.com/noreply@blogger.com (BK VRK Rao)Blogger339125tag:blogger.com,1999:blog-4466911591197784411.post-3214295999586584460Thu, 29 Sep 2011 13:30:00 +00002011-09-29T19:00:06.278+05:30It was anticipated that this month Derivatives Settlement will be around 5000 levels on Nifty, based on the average weighted price of Nifty from previous settlement till the date on which previous report was written on 23rd. Today the Nifty settled at 5015, with see saw movement during this entire week owing to overseas news flow and volatility in currency movement. Tomorrow being the last http://tradingforprofit.blogspot.com/2011/09/september-derivatives-settlement-as.htmlnoreply@blogger.com (BK VRK Rao)1tag:blogger.com,1999:blog-4466911591197784411.post-48350308502469890Fri, 23 Sep 2011 02:45:00 +00002011-09-23T08:15:06.783+05:30FOMC two day meet did not bring any positive indications or road map to solvage either the US economic or fiscal problems, which most of the investors and traders world over were watching keenly. In fact the head room for any step on monetary measure by Fed is already exhausted long ago as the interest rate is quite low for considerable time. Fed Chairman in his last meeting has already announcedhttp://tradingforprofit.blogspot.com/2011/09/weak-indian-rupee-causes-mayhem-on.htmlnoreply@blogger.com (BK VRK Rao)2tag:blogger.com,1999:blog-4466911591197784411.post-2067088910284893619Tue, 06 Sep 2011 01:00:00 +00002011-09-06T06:30:40.364+05:30The price action in our indices during August 2011 and steep fall in all most all index stocks, touching new 13 months lows, due to relentless selling by FIIs and Hedge Funds, made equity investments highly risky, and the question being asked by everyone is whether a bottom is found around recent lows....4720 on Nifty?? The answer is both yes and no. Technically, most of the analysts following http://tradingforprofit.blogspot.com/2011/09/have-indian-markets-bottomed-out.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-4543196679454850398Mon, 22 Aug 2011 02:43:00 +00002011-08-22T08:13:08.999+05:30In my earlier note I have mentioned that 5200 will notbe broken in hurry during August, 2011 and I was proved to be completely wrong, owing to global crisis in Europe and USA, equities as a class of investment became totally orphan.... The ease with 5200 is taken out followed by 5000 in the complete sell off in response to the global turmoil, has shifted the range too, below 5200 levels. Nifty http://tradingforprofit.blogspot.com/2011/08/nifty-tests-4800-level-and-what-is-next.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-6363490934405064865Thu, 04 Aug 2011 00:03:00 +00002011-08-04T05:33:17.891+05:30July Series and month ended within the range of 5400 to 5800 predicted at the beginning of the month and a strategy of selling straddle resulted in profit. RBI surprised markets and all analysts with 50 basis points raise in Repo and Reverse Repo rates in its monetary policy meeting on 26.07.2011, which brought our markets into bearishness again. The results season of Q-1 performance was mixed. http://tradingforprofit.blogspot.com/2011/08/strategy-for-august-2011.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-312654365849935066Thu, 28 Jul 2011 03:38:00 +00002011-07-28T09:08:02.223+05:30RBI has come out with a shocker of raising the Repo and Reverserepo rates by 50 basis points, as against street's consensus expectation of 25 basis points, which has sent jitters in all interest rate sensitive sectors, like banking, automobiles and real estate sectors. Being an ex-banker, I am extremely happy with the RBI's decision to take 'inflation' bull on by its horns. The http://tradingforprofit.blogspot.com/2011/07/rbi-monetary-measure-shocker-to-indian.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-910695918889563712Tue, 05 Jul 2011 13:52:00 +00002011-07-05T19:22:49.738+05:30June Settlement happened in style, where last week of settlement, seen a spectacular 'short squeeze' and Nifty settling exactly around 200 days EMA. FIIs have pumped in more than a billion rupees in the last fortnight. Once the settlement is behind, markets are languishing in a range of hundred points (5600 to 5700), where DIIs are net sellers on rallies though FIIs are marginally net http://tradingforprofit.blogspot.com/2011/07/nifty-levels-for-july-2011.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-4667840272999384986Wed, 01 Jun 2011 00:37:00 +00002011-06-01T06:07:27.875+05:30Dear All,2011 has seen lot of volatility in Indian Stock Markets, though developed markets like US and UK are in multi year Bull phase. From the day one our markets started falling from the peak made in November' 2010 during diwali, raising a question whether we will be in a bull phase or bear phase during 2011. Analysts are divided over the technical levels of supports and resistances, as http://tradingforprofit.blogspot.com/2011/06/nifty-levels-for-june11.htmlnoreply@blogger.com (BK VRK Rao)2tag:blogger.com,1999:blog-4466911591197784411.post-851150795958272182Thu, 03 Mar 2011 00:23:00 +00002011-03-03T05:53:27.675+05:30The much awaited Union Budget for the FY 2011-12 has been presented by seasoned and senior economist cum politician Dr.Pranab Mukherjee on Feb 28th which indicates the government's intention on few reforms.  The highlights which help individuals and investors which might influence the markets are:a. Increase in exemption limit for payment of Income Tax for various categories.b. Increase in http://tradingforprofit.blogspot.com/2011/03/union-budget-2011-12-and-our-markets.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-6635329806331417607Sat, 12 Feb 2011 23:52:00 +00002011-02-13T05:22:11.927+05:30It has been more than 14 months since I wrote on the blog, and in the mean while, suddenly I have suffered serious 'Heart Attack' ......Acute Coronary Syndrome on 12.12.2009, and was convalascing for the past one year, following cardiologist's advice to take care of health. By strict adherence to the change of life style and pattern, following one hour brisk morning walk, complete http://tradingforprofit.blogspot.com/2011/02/hello-every-one-resuming-blog.htmlnoreply@blogger.com (BK VRK Rao)1tag:blogger.com,1999:blog-4466911591197784411.post-4469624999623476192Mon, 07 Dec 2009 23:57:00 +00002009-12-08T05:27:54.464+05:30Nifty which corrected sharply after making an intermediate top of 5181 on 20.10.2009, to 4538 levels on 03.11.2009, reacted at a faster pace to climb above 5000 levels by November end. The upward push continued in December amidst volatility, and a reaction came exactly at 5181 now, on 03.12.2009, and yesterday correction has set in, as gains on indices and appreciation of rupee became favourable http://tradingforprofit.blogspot.com/2009/12/nifty-made-double-top-at-5181-and.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-660203754922591268Wed, 02 Dec 2009 00:46:00 +00002009-12-02T06:18:23.681+05:30Well November Series ended around 5005 levels, and markets reacted to DP World Debt Crisis along with global markets next day, where Nifty touched an intraday level of 4806 and bounced back to 4940 at the end of trading last friday. Once the impact of Dubai crisis is estimated and its effect on Indian companies directly or indirectly is clear, there was a smart rally on 30.11.2009, which was the http://tradingforprofit.blogspot.com/2009/12/nifty-above-5120-level-and-what-next.htmlnoreply@blogger.com (BK VRK Rao)1tag:blogger.com,1999:blog-4466911591197784411.post-2527504595882561940Fri, 27 Nov 2009 03:14:00 +00002009-11-27T08:44:31.610+05:30Nifty managed to close around 5005 levels on the settlement day yesterday, amidst huge volatility, induced due to heavy outstanding positions to be rolled over to Dec Series. The Asian markets weakness and collapse on an important day worsened the situation, since most of the traders and short term players were expecting that Nifty would close at 5100 + levels and march a head in December postinghttp://tradingforprofit.blogspot.com/2009/11/settlement-blues-once-again-how.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-8812695316172181759Mon, 23 Nov 2009 02:31:00 +00002009-11-23T08:52:08.752+05:30The weakness during last week till thursday, and gap down opening on friday tempted lots of traders to go short as many analysts were hoping that the 80% retracement was the final leg of the rally, and the announcement from Finance Minister that P- Notes will not be discouraged helped to improve sentiment amongst FIIs. The talk that Government is considering merger of PSUs to reduce the number http://tradingforprofit.blogspot.com/2009/11/nifty-is-back-above-5050-level-and.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-5684887962667636756Mon, 16 Nov 2009 02:33:00 +00002009-11-16T08:03:45.384+05:30Well the 'V' shaped recovery of indian stock markets after touching lows on 03.11.2009, at hightened volatility, was surprising to many analysts, who were looking at deeper correction to levels of 4200 and so on, in the down move started on 17.10.2009. But the markets have their own mind and always defy logic and especially consensus opinion, in whichever direction it builds up. The http://tradingforprofit.blogspot.com/2009/11/whether-nifty-can-challenge-2009-high.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-968270022925088939Fri, 06 Nov 2009 02:51:00 +00002009-11-06T08:21:46.671+05:30The volatile movement of yesterday on our indices, must have hurt both the bulls and bears (traders) as the range was wide, and stoplosses triggered on either side. The ultimate bull charge in the last hour of trade, forced short covering by intraday traders, which made Nifty to close above 4750 level and Sensex above 16016 finally. The overnight strong rally in US markets will certainly push thehttp://tradingforprofit.blogspot.com/2009/11/whether-correction-is-completed-at.htmlnoreply@blogger.com (BK VRK Rao)1tag:blogger.com,1999:blog-4466911591197784411.post-9216343789255424766Thu, 05 Nov 2009 03:38:00 +00002009-11-05T09:08:14.208+05:30Our indices have recovered the entire losses posted on tuesday(03.11.2009) by wednesday (04.11.2009), thanks to fund buying since the markets were oversold, coupled with short squeeze in index heavy weights like RIL etc. Both Nifty and Sensex in the process have created upward gaps, which indicates the bull pressure, which might be tested and covered sooner than later. Nifty closed around Octoberhttp://tradingforprofit.blogspot.com/2009/11/is-it-dead-cat-bounce-or-relief-rally.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-1796949698110906321Tue, 03 Nov 2009 02:56:00 +00002009-11-05T06:04:39.417+05:30October month has witnessed the 52 weeks high by Diwali and deep cuts in our markets and also amongst global markets later on, owing to domestic as well as global cues. Both October derivatives settlement and monthly closing posted negative returns over September. Now the mute question is whether the rally ended by 17.10.2009 highs for our markets and are we to witness further deeper cuts and http://tradingforprofit.blogspot.com/2009/11/how-will-november-month-unfold.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-8699482074339130716Fri, 30 Oct 2009 02:02:00 +00002009-10-30T07:32:50.402+05:30October Settlement of Nifty was exactly at 4750 which was not anticipated by any one, in my understanding, since every analyst was expecting a strong rebound from 4930 level which extended support on more than one occasion, after there was a break out on upside from the 4500 to 4740 range. Markets were on a roll till Diwali (17.10.2009) and closed around 5140 level and every one was complacent, http://tradingforprofit.blogspot.com/2009/10/settlement-blues-can-we-expect-some.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-904290356109331934Tue, 27 Oct 2009 00:23:00 +00002009-10-27T05:53:04.309+05:30Nifty struggling to hold 5000 level in past 5 trading sessions and Sensex being far away from 17000, inspite of some outstanding corporate results, indicate formation of short term top and fatigue in the bull camp. Dow has become more volatile in the recent past moving 100 points + / - range of 10000 level. Volatilityin the movement of US Dollar, make  matters worse for all markets and all asset http://tradingforprofit.blogspot.com/2009/10/global-markets-enter-into-correction.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-2589079827103031324Mon, 26 Oct 2009 01:53:00 +00002009-10-26T07:23:34.092+05:30 Last week indices have turned volatile and closed with losses over previous week, since profit booking and long unwinding started from Muhurat Trading on 17.10.2009. While Sensex has breached 17000 level, which was observed by me as crucial for upmove to continue, Nifty also broke 5000 level on closing basis, though managed to close around the same level. The main drag on the indices was RIL http://tradingforprofit.blogspot.com/2009/10/out-look-for-october-settlement-monthly.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-8302727923986474578Thu, 22 Oct 2009 03:13:00 +00002009-10-22T08:43:35.617+05:30Inspite of outstanding results from Tech heavies, assured GDP growth @ 6.5% from Government Of India, profit booking has set in from Diwali Muhurat Trading. Crude touched $ 82 over night however cooled off to 80 levels. Dow though opened in positive territory overnight closed with losses on profit booking. The overall sentiment in global markets also is turning out to be cautious, since http://tradingforprofit.blogspot.com/2009/10/holding-5000-on-nifty-and-17000-sensex.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-5356005336565485740Thu, 15 Oct 2009 02:43:00 +00002009-10-15T08:13:46.856+05:30Weakening of US Dollar for the last two weeks, coupled with market positive news like, RIL Bonus Offer, Infy's outstanding performance and upping the guidance, finally confirmation of economic recovery by strong IIP numbers, lead to a strong bull charge on 12th and the same continued yesterday, resulting in both Nifty and Sensex making new 52 week highs and also closing around the same levelshttp://tradingforprofit.blogspot.com/2009/10/break-out-of-indian-indices-on-upside.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-5538287075376148989Fri, 09 Oct 2009 03:21:00 +00002009-10-09T08:51:45.616+05:30Markets have opened in positive territory, with the help of RIL however, volatility witnessed through out the day, finally Nifty managed to close at 5002 level on adjustment basis. It was clearly visible to see that markets entered indecisive zone, and wait for the results of Infosys and its guidance, in the background of rupee strengthening. ECB left the rate unchanged at 0.50% overnight, which http://tradingforprofit.blogspot.com/2009/10/nifty-closes-at-5000-level-in-volatile.htmlnoreply@blogger.com (BK VRK Rao)0tag:blogger.com,1999:blog-4466911591197784411.post-5851825187746010800Thu, 08 Oct 2009 02:03:00 +00002009-10-08T07:33:31.924+05:30While levels of Nifty and Sensex are important to be discussed, few events that have happened during market hours and after market hours will influence movement of indices today. Nifty opened with positive gap and touched 5077 where selling emerged and the same accelerated in the last half an hour due to rupee strengthening, and also on concerns of FII + DIIs selling on 05th and 06th. Nifty http://tradingforprofit.blogspot.com/2009/10/reliance-industries-announces-11-bonus.htmlnoreply@blogger.com (BK VRK Rao)0