Trades for 30-11-2012

Trade idea-(Nifty future levels):

Yesterday given call to buy Nifty Future above 5740, it opened at 5734 and after crossing 5740, hit all the targets till 5795, that is a gain of 55 points.

Also, Stock specific trades given were big hits with IDFC, HDFC, RELCAP, AUROBINDO all gave awesome returns.

For tomorrow again we will be trading positive side:

Buy above: 5835   Targets: 5850 - 5870 - 5890  Stop loss : 5814

Nifty future resistance/support:

R1	R2	R3	R4	R5
5852.25	5871.39	5890.56	5909.76	5929
S1	S2	S3	S4	S5
5795.01	5776	5757.01	5738.06	5719.14

Stock specific trades:


1. HDFC BANK

Buy at / above: 702.25   Targets: 708.53 - 715.2 - 721.9 - 728.63
Stoploss : 695.64

2. HDFC

Buy at / above: 826.56   Targets: 833.34 - 840.57 - 847.84 - 855.13
Stoploss : 819.39

3. LICHF

Buy at / above: 260.01   Targets: 263.93 - 268 - 272.11 - 276.25
Stoploss : 256

4. AUROBINDO PHARMA

Buy at / above: 185.64   Targets: 188.96 - 192.41 - 195.9 - 199.41
Stoploss : 182.25

Enjoy this lovely and energetic song:

Trades for 29-11-2012

Trade idea-(Nifty future levels):

Clearly writing that take longs after nifty crosses 5650, on tuesday it crossed above 5650 and headed towards 5750.

Now tomorrow nifty future can again show positive momentum.

So  Buy above: 5740   Targets: 5755 - 5775 - 5795 Stop loss : 5719

Nifty future resistance/support:

R1	R2	R3	R4	R5
5757.01	5776	5795.01	5814.06	5833.14
S1	S2	S3	S4	S5
5700.25	5681.39	5662.56	5643.76	5625

Stock specific trades:


1. ONGC

Sell at / below: 248.06   Targets: 244.26 - 240.37 - 236.5 - 232.67
Stoploss : 252.01


2. IDFC

Buy at / above: 165.76   Targets: 168.91 - 172.17 - 175.47 - 178.8
Stoploss : 162.56

3. HDFC

Buy at / above: 805.14   Targets: 811.84 - 818.98 - 826.14 - 833.34
Stoploss : 798.06

4. RELCAP

Buy at / above: 405.01   Targets: 409.85 - 414.93 - 420.03 - 425.17

Stoploss : 400

5. AUROBINDO PHARMA

Buy at / above: 182.25   Targets: 185.54 - 188.96 - 192.41 - 195.9
Stoploss : 178.89

Nifty: How does it look after 100 point rise

Now refresh your memory and try to remember what i had written on Nov 19, 2012: click me

Yes first it climbed to 5650, and afterwards clearly writing in trade section that now enter long only above 5650 spot and you all see what happened after nifty crossed 5650, within no time 5700, and now staying above that.

As shown in chart, it respected the support zone and bounced back almost 150 points from there.


Now ask yourself, do you want to trade for 10-20 points daily or want to earn 150-200 points 1-2 times a month?


Point i want to make is that most of traders try so hard to make money that they keep on losing more and more money.


Actually 

1. You need to have a trading plan.

2. You yourself must be convinced about what you are up to?

3. Analyse risk/reward. Do position sizing.

4. Do not panic, if trade starts moving in non-desired direction.

5. Respect Stop loss, whatever the case maybe.


Now Point no. 5 is the most important, if you had a plan, you are convinced, Reward outshines risk,you are not panicking but still due to any reason trade hit Stop loss and you didn't get out. Then tell me one thing is there any point in doing all the hard work in first four steps.



Now below is the Nifty spot chart, now there is a Resistance close to 5775-90 regions, Brave hearts who bought at 5550 can book and try selling here as well but with a tight Stop loss.

Now above 5775-5790....if gives a weekly close suppose then will fire to 5850-5920 for sure.

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Trades for 27-11-2012

Trade idea-(Nifty future levels):
 

Today nifty future was stuck in a tight range, so my strategy of not taking trade on nifty fut worked well. Although today many of yours focus was on paid calls making around 5-6k, but silently my free calls in last post were also doing wonders.

RELCAP, OPTO,RIL gave good returns.

Now for tomorrow again we will avoid trade in nifty future

So no trade in nifty future till trend confirms, if Nifty Spot crosses 5650 and sustains then one should think of taking longs and shorts if 5585 on spot is broken, till then Sit back and enjoy.

Remember always: Trade to make money and not for excitement. This is the mistake most beginners do in their early days.

Nifty future resistance/support:

R1	R2	R3	R4	R5
5662.56	5681.39	5700.25	5719.14	5738.06
S1	S2	S3	S4	S5
5606.26	5587.56	5568.89	5550.25	5531.64

Stock specific trades:

1. ITC

Buy at / above: 289   Targets: 293.11 - 297.41 - 301.73 - 306.09
Stoploss : 284.76

2. RELCAP

Buy at / above: 395   Targets: 399.8 - 404.81 - 409.85 - 414.93
Stoploss : 390.06

3. BHEL

Sell at / below: 220.8   Targets: 217.67 - 213.99 - 210.35 - 206.74
Stoploss : 225

4. CAIRN

Sell at / below: 324   Targets: 319.67 - 315.22 - 310.79 - 306.4
Stoploss : 328.51

5. MCDOWELL-N

Buy at / above: 1948   Targets: 1957.08 - 1968.15 - 1979.25 - 1990.39
Stoploss : 1936

Buy Coal India for quick gains

Breakout after "w" bottom formation is generally strong.

Buy Coal India@ Opening bell, for targets of 362.5-366 and may be higher

Trades for 26-11-2012

Trade idea-(Nifty future levels):

On Friday again sell on rise strategy worked fine, Nifty future hit a high of 5648 around 10:30 AM and then continuously kept dragging to lower levels  till low 5597 made around 2:00 PM, almost meeting third target of 5590. 

Now for tomorrow I want to keep the same strategy i.e, sell close to resistance, but unexpected buying during last hour of trade on Friday contradicts this viewpoint.

So I would like to apply my principle: "When in doubt Stay out"

So no trade in nifty future till trend confirms, if Nifty Spot crosses 5650 and sustains then one should think of taking longs and shorts if 5585 on spot is broken, till then Sit back and enjoy.

Remember always: Trade to make money and not for excitement. This is the mistake most beginners do in their early days.

Nifty future resistance/support:

R1	R2	R3	R4	R5
5662.56	5681.39	5700.25	5719.14	5738.06
S1	S2	S3	S4	S5
5606.26	5587.56	5568.89	5550.25	5531.64

Stock specific trades:

1. OPTOCIRCUITS

Sell at / below: 100   Targets: 97.56 - 95.11 - 92.68 - 90.29
Stoploss : 102.51


2. RELCAP

Buy at / above: 385.7   Targets: 389.86 - 394.81 - 399.8 - 404.81
Stoploss : 380.25

3. TATASTEEL

Sell at / below: 361   Targets: 356.44 - 351.73 - 347.06 - 342.42
Stoploss : 365.76

4. HCLTECH

Buy at / above: 637.56   Targets: 643.56 - 649.92 - 656.31 - 662.73
Stoploss : 631.26

5. RELIANCE

Buy at / above: 777.01   Targets: 783.6 - 790.62 - 797.66 - 804.73
Stoploss : 770.06

PRAJIND: Big breakout

Below is the chart of Praj Industries.

Nice breakout after long time of base formation, now once starts trading above 56, will test 65-70 in no time.

So keep an eye on Praj, One can buy here at 50-49 also with SL below 45 on closing basis and target of 55-60-65 in 1-2 months.

**Now will be busy with subscribers so proper follow up may not be possible for all free calls on blog.

If you wish to join and contribute, mail me at equitytrader27@gmail.com, Heavy discounts till 1st December 2012.

Trades for 23-11-2012

Trade idea-(Nifty future levels):

I told you yesterday to sell around 5650-55, Exact high of nifty future is 5657 today around 2:30pm , and then crashed toward 5635....close to first target.

Now for tomorrow also keep the same strategy, that is selling near resistance level with small defined stop loss.  

Putting stop loss is very very important for this kind of trade as if nifty crosses this resistance it will shoot up to 5665-5680 in minutes only.


Sell around 5650-55   Targets: 5630 - 5610 - 5590 

Stoploss : 5680


Note: Trade with 4 lots, book 2 lots at  first target, trail stop loss to cost and wait for lower targets, otherwise exit the position at closing.This trade is for intraday purpose only, do not carry it overnight.

Small volume traders may trade with lots,  they are convenient with.

Nifty future resistance/support:

R1	R2	R3	R4	R5
5662.56	5681.39	5700.25	5719.14	5738.06
S1	S2	S3	S4	S5
5606.26	5587.56	5568.89	5550.25	5531.64

Stock specific trades:

1.JETAIRWAYS

Sell at / below: 435   Targets: 430.77 - 425.6 - 420.46 - 415.34
Stoploss : 441

2. HDFCBANK

Buy at / above: 669.51   Targets: 675.66 - 682.17 - 688.71 - 695.29
Stoploss : 663.06

3. OPTO CIRCUITS

Sell at / below: 102   Targets: 100.05 - 97.56 - 95.11 - 92.68
Stoploss : 105.06

4. LICHF

Buy at / above: 248   Targets: 251.88 - 255.87 - 259.88 - 263.93
Stoploss : 244.14

5. IRB

Buy at / above: 123.8   Targets: 126.49 - 129.32 - 132.18 - 135.07
Stoploss : 121