Pre-Market Outlook & Trading Calls

Markets may have continued concerns about monsoon and swine flu epidemic. Asian Markets are trading in positive range with Nikkei Trading above 0.5% and Hangseng is trading above 20,000 levels. This is a very positive note to Indian Markets. However, US Markets have closed in negative; this was expected during this week of F&O Closing.

Nifty has a very strong Support at 4315 and 4242 levels. Nifty also has a tough resistance at 4519 and 4651 levels. If Nifty manages to open above 4447 and stays there for more than an hour, we can expect little gains today.

Day traders are advised to trade with strict stop loss and in the direction of the Market.

Trading calls for today:

Scrip Name		S3		S2		S1		Pivot	R1		R2	R3	V %	W%R	RS
AUSTRAL		38.92		40.48		42.52		44.08	46.12		47.68	49.72	86.21%	-99.39	1.14
FCSSOFT		55.97		58.98		62.72		65.73	69.47		72.48	76.22	119.68%	-19.90	2.93
HINDOILEXP		210.45		217.00		229.65		236.20	248.85		255.40	268.05	111.19%	-3.25	4.29
MARICO		75.30		79.90		84.10		88.70	92.90		97.50	101.70	46.62%	-33.11	0.97
MEGASOFT		19.13		21.27		23.18		25.32	27.23		29.37	31.28	95.14%	-39.50	1.82

 

Legend:

    V% = Volatility Percentage

    W%R = William's Percent R

Thank you for joining us in this Discussion. We will join you in the evening with Post Market Outlook.

Happy Trading!
Day Trading Analyst

Technical Trading with Rectangles

Today we would see the Line Study method using Rectangles for trading in Indian Markets.

Rectangle refers to a chart pattern where a security’s price is trading within support and resistance levels that are flat and parallel to each other, which looks like a rectangle and hence its name. A breakout of the rectangle on either side with strong volume accompanying is considered to signal a strong trend in that direction.

This means that, the Trading is in a Range, usually referred as Trader's Remorse. See the figure below

The Bottom line is a Support Level Line and the Top line is a Resistance Level Line. Trader's should remain in cash during these ranges. However, during the breakout, you can notice that the Volume substantial increase, then you can see a Breakout on the upper side, if the volume is very less or even non existent, you can assume that the Breakout would be a bearish one.

Depending on the Volume Support and the Range Support, you can profitably take positions during Day Trading using this method.

Note that this should not be used as a standalone trading method.

Thank you for joining us in this discussion.

We will join you with the Market Outlook tomorrow.

Happy Evening & Good Night!
Day Trading Analyst

Post Market Outlook

Today Markets encountered a heavy selling pressure, due to Chinese Market closing 5 % negative. We thought European Markets would help us to recover during the second half of the trading session, this was not lucrative enough.

Nifty closed at 4387 by losing 192 points. Whereas, the Indian Benchmark Index Sensex, closed at 14784 points, after losing a heartbreaking 626 points; by the end of today's trading session.

We were not able to post anything during the last week, due to some technical difficulties. We would be posting all posts from today.

Thank you for your co-operation and joining us in this discussion.

Happy Evening!
Day Trading Analyst!

Market Outlook & Trading Calls

As this week is the third Week of the month, US Market's are at F&O Expiry week. Hence, we might see some negative moves there, due to some profit booking.

Asian Markets have started the day in Red; this means that Indian Markets can also start the day in Red, as US Markets recovered in the later part of the day, we can also expect Indian Markets to recover in the later part of the day.

Oil and Gas Sector is looking very attractive today.

Today's Trading calls are

ONGC – Buy above 1225 with target of 1245 SL at 1198; Sell below 1194 with target of 1175 SL at 1205.

GSPL – Buy above 76 with target of 79 SL at 73; Sell below 72 with target of 70 SL 73

That's all for the Trading Calls

Thank you joining us in this discussion

Happy Trading!
Day Trading Analyst

No Post for Today

We were not able to post any topics as scheduled today due to some technical difficulties. We regret for any inconvenience caused.

We will be posting all posts as scheduled from tomorrow. We appreciate your co-operation.

Happy Evening!
Day Trading Analyst

Pre-Market Outlook & Trading Calls

We will not be posting Pre-Market Outlook & Trading Calls today; we will post the Post Market Outlook and Technical School in the evening. We regret for any inconvenience caused

Happy Trading!
Day Trading Analyst

Post Market Outlook

Cutting short from the Three day losing spree, the Indian Benchmark Index ended with the mild gains. The Sensex ended with 15,074 points (about 0.5% gains) in green and Nifty also ended in green by gaining 33 points (about 0.7% gains) on upside.

Asian Markets also showed some mild recovery in the middle of China's announcement of Economic Stimulus measures, Nikkei ended by gaining 0.6%, Hang Seng closed in green with 0.7% gains, Chinese Benchmark Shanghai Index closed positive by gaining 0.5%.

US Markets on Tuesday started with heavy selling pressure, with Dow Jones Losing about 1% and Nasdaq Losing about 1.25%. NYSE Composite Index is trading at 1.32% below the previous day's close. Let's wait for the US Closing Bell, to decide upon Indian Market's Global Cue status.

We will not be posting our Technical School posts today. However, we will post the same from tomorrow.

Happy Evening & Good Night!
Day Trading Analyst

Trading Calls

Trading calls for today in NSE are as below:

Symbol	S3	S2	S1	Pivot	R1	R2	R3	V %
AARTIIND	36.13	38.32	41.13	43.32	46.13	48.32	51.13	58.65%
AXISBANK	757.43	777.17	810.23	829.97	863.03	882.77	915.83	68.81%
EIDPARRY	259.07	279.03	305.97	325.93	352.87	372.83	399.77	844.88%
EXCELINFO	88.80	95.50	107.40	114.10	126.00	132.70	144.60	NA
GVKPIL	41.17	42.08	42.87	43.78	44.57	45.48	46.27	64.55%
HINDALCO	92.25	95.95	98.90	102.60	105.55	109.25	112.20	81.74%
IBSEC	41.37	42.68	43.97	45.28	46.57	47.88	49.17	100.04%
RENUKA	161.57	168.83	174.47	181.73	187.37	194.63	200.27	75.94%
SATYAMCOMP	72.73	85.47	83.33	96.07	93.93	106.67	104.53	449.49%
SUZLON	68.83	74.77	77.98	83.92	87.13	93.07	96.28	96.31%

 

Maintain Strict Stop Loss, End in Cash by EOD.

Always trade in Market's Direction.

Happy Trading!
Day Trading Analyst

Market Outlook

US Markets have closed in Red on Monday session; however, we can term US Markets as ending flat. Asian Markets are giving mixed performance; Nikkei is trading around 20+ points and has remained green throughout the session till now. However, Hang Seng has lost over 90+ points today. Indian Markets might respond accordingly in today's trading session.

If NSE opens and stays above 4466 levels for the first one hour, than we have tough resistance at 4533, 4629 and 4696 levels. In case, NSE open below 4466 and stays below this level for first one hour, then NSE has a Strong Support at 4370, 4304 and 4208 levels. Markets have been highly volatile with heavy volumes being traded yesterday, which offset the Asian Market performance. Heavy selling was noticed yesterday.

For Day Trading, it is advisable to maintain strict Stop Loss and remain in cash by end of trading session today.

Happy Trading!
Day Trading Analyst

Market Outlook

Today market is looking very positive, Monsoon is looking good as all the reservoirs in the country is full above last 10 years average. Markets are expecting Q2 results at a higher note Year on Year.

Day Traders are cautioned about their trades, keep strict stop loss and follow the stock trend and the market trend. Always be in sync with the Market.

We will join you back in the evening's Post Market Outlook

Happy Trading!
Day Trading Analyst

Pre-Market Outlook & Trading Calls

Today Asian Markets has been rallying heavily, Nikkei is trading above 10,500 levels (125+ gains) and Hangseng is trading above 20,750 levels (400+ gains). Indian Markets might also have a good rally today. Maintain strict stop losses for the day. End the day in Cash.

Trading Calls for today

Symbol		S3	S2	S1	Pivot	R1	R2	R3	V %
BPCL		450.00	469.37	495.73	514.37	540.73	559.37	585.73	52.31%
FSL		31.87	30.73	27.87	28.73	29.87	30.73	31.87	113.10%
HINOILEXP		147.45	162.90	172.00	187.45	196.55	212.00	221.10	114.35%
LICHSGFIN		578.70	592.70	608.50	622.50	638.30	652.30	668.10	1711.71%

 

Always Trade in the Market's Direction

See you again with Market Outlook

Happy Trading!
Day Trading Analyst

No Posts for Today

We are not posting any analysis today due to some technical difficulties. We regret for any inconvenience caused.

We will be posting our Weekly Round-up and Week Ahead analysis on Saturday and Sunday. From Monday onwards, we will post the daily analysis as usual.

Thank you for your interest in our blog.

Happy Trading!
Day Trading Analyst.

Market Outlook August 5th 2009

Trading in August month has started on a positive note; this is due to good earnings result in Q1. Average profits were up about 26% and sales were down about 4%. These higher profit earnings are due to heavy cost cutting measures by the companies. Profits by book are very easy, but very hard to sustain. Hence, high caution is recommended to all Long Trades by Day Traders. Adani Power is oversubscribed by 21 times, this means Rs. 60,000 crores is blocked from the Market. If NHPC issue oversubscribes by at least 10 times, then another Rs 60,000 crores will be blocked from the Market. Remember what happened in 2008, when Reliance Power IPO was released. Market crashed heavily due to lack of fund from many Hedge Funds and FIIs.

It is very much advised to be cautious in these market conditions. Maintain strict Stop Loss and remain in cash by End of Day.

Thank you for joining this discussion, see you in the evening with Post Market Outlook.

Happy Trading!
Day Trading Analyst

Trading Calls for August 5th 2009

Here are today's trading calls, please maintain one level Strict Stop Loss and Trade in the Market's Direction only.

Symbol		S3	S2	S1	Pivot	R1	R2	R3	V %		RS	W%R
IFCI		49.07	50.18	51.07	52.18	53.07	54.18	55.07	100.73%		4.18	-15.58
JPASSOCIAT		170.77	188.88	216.77	234.88	262.77	280.88	308.77	101.51%		4.36	-14.84
SATYAMCOMP		97.73	100.67	103.83	106.77	109.93	112.87	116.03	448.59%		4.49	-8.44
SUZLON		90.13	92.12	94.73	96.72	99.33	101.32	103.93	104.35%		1.86	-53.69
UNITECH		88.40	90.60	92.45	94.65	96.50	98.70	100.55	104.25%		4.35	-14.80

Legend:

S 1, 2, 3: Support Levels

R 1, 2, 3: Resistance Levels

V%: Volatility Percentage (The Higher the percentage, higher the liquidity)

W%R: William's Percent R (0 to -20 is overbought levels, -80 to -100 is oversold levels)

Note: Trading in Market's Direction is Always Recommended.

We will post Our Trading Call's Performance in the Evening's Post Market Outlook.

Happy Trading!
Day Trading Analyst

Pre-Market Outlook August 5th 2009

The Indian Markets has witnessed a good amount of profit booking yesterday. This has pulled down the Sensex and Nifty to little lower levels. However, the US Markets has opened and performed on a positive note in Aug 4^th Session, this makes us to breath little easy. Asian Markets also started up quite good this morning. Hence, we can expect a good positive trend in Indian Markets.

If Nifty opens above 4684 and stays above this level, it has some strong Resistance at 4727 and 4773 levels, if Nifty manages to break these levels, the next strong Resistance level is at 4815. In case, Nifty open below 4684 levels, then we can find support at 4638 and 4596 levels, if Nifty slides beyond this point, then the next strong support is at 4549 levels.

Since, global market cues are highly positive in nature due to extended earnings, we can expect a good positive movement in the Indian Markets.

Thank you for joining this discussion

Happy Trading!
Day Trading Analyst

Techincal Trading with Support & Resistance

We will learn about identifying Support and Resistance Levels using Charts.

In the Below Chart Representation, we can see that the Price movements are between Support and Resistance levels, at point 2 the stock is finding good support and then it breaks the Resistance levels. Now the earlier Resistance level, becomes the Support level for that stock, (point 3), now the stock has a new resistance level at point 4.

This means, the stock can find the support level or resistance level, once the support or the resistance level is broken, then that level transforms into a new support or resistance level.

This is very important for a day trader, as this forms the entire trading method for any day trader. Based on these support and resistance levels, there are many successful day traders in Indian Markets.

That’s all for today, we will join you with a new Trading Method tomorrow.

Thank you for joining us in this discussion

Happy Evening!
Day Trading Analyst

Post Market Outlook August 4th

Today the Indian Benchmark Index BSE, took a breather for a round of Profit Booking, there was some good amount of profit booking in markets today after a continuous 3 day gains. The Sensex fell 93 points from the previous close and closed at 15830 levels. Whereas, Nifty lost about 30 point and closed at 4680 levels.

In the global markets, European markets lost some early points, due to mixed earnings and profit booking from recent market highs. Even the Asian market's performance was a Mixed bag.

In Indian Markets the Auto Sector extended their gains today, in the Metals sector HINDALCO was a Biggest Gainer for the day, by advancing about 4.4% and closed at 112 levels.

Today's Performance for our Trading calls are as below:

ALOKTEXT:     High @ 21.45 and Low @ 20.70 (This hit our Resistance 1)

HDIL: High @ 290.00 and Low @ 273.60 (This hit our Resistance 1)

IFCI: High @ 53.30 and Low @ 51.30 (This hit beyond our Resistance 1)

JPASSOCIAT: High @ 253 and Low @ 207 (This hit beyond our Support 3 (Short Trades))

SATYAMCOMP: High @ 109.70 and Low @ 103.60 (This hit beyond our Resistance 3)

Our trading calls are purely technical in nature; this does not include any other information such as stock news, industry news, dividends etc.

Thank you for joining us in this Analysis

We will be back with Our Technical School shortly

Happy Evening!
Day Trading Analyst

Trading Calls for August 4th 2009

Symbol		Sup 3		Sup 2		Sup 1		Pivot	Res 1		Res 2	Res 3	V %	RS	W%R
ALOKTEXT		19.97		20.28		20.57		20.88	21.17		21.48	21.77	98.95%	2.20	-22.77
HDIL		261.07		266.18		275.22		280.33	289.37		294.48	303.52	99.95%	4.09	-11.21
IFCI		49.35		50.00		51.10		51.75	52.85		53.50	54.60	100.45%	2.90	-11.11
JPASSOCIAT		224.27		230.13		240.37		246.23	256.47		262.33	272.57	100.36%	2.94	-2.55
SATYAMCOMP		99.20		100.70		102.10		103.60	105.00		106.50	107.90	448.51%	4.27	-16.89

 

Legends:

Sup 1, 2, 3: Support Levels

Res 1, 2, 3: Resistance Levels

V %: Volatility Percentage (Higher the percentage, higher the liquidity)

W %R: William's Percent R (0 to -20 overbought levels, -80 to -100 oversold levels)

Note: Always Trade in the Market's Direction

Thank you for joining us in this Analysis, We will post the Trading Call's Outcome in the evening.

Happy Trading!
Day Trading Analyst

Pre-Market Outlook – AUG 4th

Yesterday, we saw BSE rising to its 14 month high by closing at 15,924, which was also followed by Nifty, which closed at 4711. This was due to the strong global cues, as most of the global markets extended their July rally into the first trading session of August. Today we can expect the similar outcome, as US Markets, opened on a very High Note. Asian Markets also followed the US Markets. Indian Market also will respond to the global cues in the same way.

Nifty closed beyond 4700 levels yesterday, which means that we have support levels for Nifty at 4645 and 4578 levels. Likewise, Nifty has a strong resistance at 4750 and 4790 levels, if Nifty breaks these Resistance levels, it might reach up to 4855 levels also. If Nifty opens above 4684 level, we can another upward rally in Nifty.

Thank you for joining us in this discussion.

Happy Trading!
Day Trading Analyst

No Posts Today

Due to some technical difficulties, we were not able to publish any posts today. We regret for any inconvenience caused.

Thank you for your continued interest

Happy Trading!
Day Trading Analyst