Market Overview - 28 December 2018

Dow Jones  - Technical Bounce -Strong recovery from 21635 to 23150 - Strong Resistance now  23548, Need to sustain at current levels to prove strength, Volatility expected to continue. NIfty Strong Support ( Today)  - 10742  ,Sustaining which could bring back the upward momemtum  - R1 - 10817, R2 10840 - Strong Bull grip above - 10888, However  - testing 10624 before any upward breakout journey is likely Bank...

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Trades - December 2018

[12/3, 7:41 AM]: *Levels to watch for - 3 December 2018* *Amaraja Battery* 🔴 719.10 🚫 725 🎯 705.40, 699 *Ashok Leyland* Gap between 114.15-117.10 🔴 114.60 🚫 115.60 🎯 111.50 🔵 111.10 🚫 109.80 🎯 113.20, 114.40 *Auro Pharma* 🔵 802.20, 786 🚫 780 🎯 823/7 *Exide Industries* 🔵 259.89 🚫 254 🎯 266,270 [12/3, 11:36 PM]: *Levels to watch - 4 December* *India Cement* 🔵 96.60 🚫 95.20 CL 🎯 100.80 *Yes Bank* 🔵 173.50 🚫...

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Rule Book - Tweezer Top

1) Two candle reversal pattern 2) Appears in Uptrend  3) Two or more adjacent candles of opposite colour 4) Same high point forming the area of resistance being formed. Psychology: 1) Though the bulls are trying to push the price higher, but are unwilling to buy above the high point.  2) Bears action is visible, they take charge at high point and force the price down  The Tweezer Top can be extremely helpful to traders,...

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Tata Steel: How our traders are analyzing Chart and OI Data

[1:25 PM, 11/25/2018] Balasubramanian: As I see the chart max it will touch 550 spot in this series, so any strike beyond 540 will be worthless. 530PE has more OI. So minimum is placed at 530 [1:26 PM, 11/25/2018] Balasubramanian: Trend line support looks to be around this. But metal stocks based on yesterday's China Market fall are due for still more fall. Till expiry fresh longs can be avoided. [3:27 PM, 11/25/2018] Amit Nale: 550 560CE...

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Must Read

Trading Terminology It is common to trade on tips. It is common to make and lose money randomly. It is common to dream to become quick rich from stock market. It is common to make in ten and go broke in one. It's common to trade emotionally.  Let's do something unique. Let's face the reality. Without learning, no one has made big in this stock market.  Hence, we strongly believe in learning the basics. According to us, earning from stock market is simple and easy for a man who has learned the basics thoroughly. There is no...

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Strategy - EMA & Supertrend

My dear friends, on the occasion of Diwali, I wish everyone a very happy and prosperous time. I hope the forthcoming year brings the tremendous happiness and incredible profits for everyone. On this happy occasion, I would like to share my tried and tested strategy which might give you good profits. You must have observed many times, most of the stock goes in the consolidation mode and post that give a break out or break down with good strength.   This...

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Four Types of Gaps

Gap occurs because of three reasons: marketwide events (political event, terrorism attacks, commodity price shocks), sector specific event (interest rate / currency change impact) and company related event (change in management / acquisition / approval of product). Four Types of Gaps Higher volatility in stocks bring more gaps in price action.  Study - location, size and volumes of the gap to capture the profitable trading...

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My Trades - November 2018

[11/6, 7:02 AM]: *Nifty* - *Outlook* - Range Bound *Strategy* - Buy Supports &  Sell Resistance 🔵 10460 🔵 10428 🔴 10497 🔴 10549 🔴 10655 🔴 10669 🔴 10700 🔮Nifty - Consolidation period - Should attempt trading correlations stocks - Option writing strategy should work well. ____________________________ *Stocks* *Exide Industries* - 🔵Buy - 245/247 🔴Stoploss - 239( CL) 🎯Tgt - 254, 259, 264 ___________________________ *IGL* STRONG...

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Morning Star - Rule Book

Rule Book: Morning Star 1) Forms in downtrend setup 2) Three Candlestick Pattern 3) First Candle is has red real body 4) Second Candle gaps down having small real body or doji (either colour) 5) Third Candle has the green real body, ideally gapping up from the second candle and close near to the high of first candle 6) Entry Level for intra day - open on fourth day should be near the closing of third day a) 50% at the closing of the third...

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Two Years of Togetherness

About Us Financial literacy and financial stability are two key aspects for an efficient economy. India is home to 17.5% of the world's population but nearly 76% of it's adult population doesn't understand even basic financial concepts. Realizing the need of Financial literacy, we took a challenge to strategize an action plan to share our learning and passion with like-minded people and develop the chain of knowledge givers. Financial literacy is very vast subject and has many segments right from understanding the basics to the advanced...

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Gaps - Rule Book

[10/23, 2:22 PM]:  Screen always and always wish to give money to rule followers Rules say : 1. Stock in downtrend 2. Open Gap down 3. It will try to fill the Gap 4. Go short on Gap filled level HDFC Bank - Yesterday's Closing - 1998.90 Today Open at - 1973 Gap filled at around 1 pm (1998.90) High - 1998.90 Now stock is at 1983 Screen badi dayawaan hai Banana chahti aapko danwaan hai Suno karo jo woh kehti hai Dekho...

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