II Shree Ganeshaya Namah II

SBIN: Sell below 1690 all tgts achieved till 1648

2011-11-23T22:14:00.001-08:00

Net Profit of Rs. 9000/- on Sell call.

SBIN Buy or Sell

2011-11-19T02:54:00.001-08:00

Buy above 1735 tgts 1750 / 1770 / 1780 sl 1720

Sell below 1690 tgts 1675 / 1660 / 1648 sl 1703

Gold: Stopped out at 1729 $/ounce

2011-11-07T22:19:00.001-08:00

Gold stopped out at 1729.

Gold View: Sell Gold @ 1700-1729

2011-11-01T03:48:00.000-07:00

My long term view on Gold is bearish and I recommend to sell Gold between 1700-1729 $/ounce keeping stop loss @ 1735 and tgt as 1675 / 1650 / 1590 / 1550.

Happy Trading !!!

Nifty and Gold Profits

2011-10-29T02:34:00.000-07:00

NIFTY - Profit on Long call @ 5200 ; 5360-5200 = 160*50 = Rs. 8,000/- per lot of Nifty Future.
GOLD: Profit on Long call @ 1665 ; 1700-1665 = 35 points

In Rs. terms assuming 1 US$ = 49.84,

Buy given @ Rs. 26,680 per 10 gm and target @ 27241, so the net profit is Rs. 56,084 /-.

Enjoy profits !!!

Nifty and Gold : Long / Short

2011-10-22T12:04:00.000-07:00

Hello Friends,

NIFTY - In broad range of 4700 - 5200 ; either side break above / below will give 5-10% up/downside.

GOLD*-ST: In 1600-60 range ; Buy abv 1665 sl 1648 tgts 1675/1700 ; Sell blw 1600 tgts 1575 / 1550.

GOLD*-LT: Sell below 1600 sl 1635 tgts 1539 / 1315. Avoid buying for positional.

Happy Diwali !!!

* International Gold prices mentioned above in $/ounce ; 1 gm Gold = Rs. International Gold Price * USD-INR conversion / 31.1034768.

Nifty Buy or Sell ?????

2011-10-16T00:38:00.000-07:00

All my friends make merry by trading the following levels:

* Buy Nifty between 4700-4770 and Cover between 4900-4977-5150.

* SELL Nifty between 5112-5170 and Cover between 4977-4900-4800.

Game of consolidation and range movement of 4700-5200 may get over by Nov/Dec 2011. We may either move towards 5400 / 6200 OR downwards towards 4400 / 3200. So fasten your seat belts and get ready to fly at supersonic speed up or down. Based on research of Nifty 1 year chart and trend lines drawn, it clearly appears that currently Nifty is in downward channel.

* Break 5222 on upside and take away 5400 / 6200.
* Break 4690 on downside and take away 4400 / 3200.

Now who is sitting on the cash is king and who has the patience to wait for such long time to see when will Nifty break those two levels and invest accordingly will be the ultimate winner.

Happy Trading NiftyDisclaimer: This is not a recommendation to buy or sell, but only a blog for sharing my views on Nifty. Traders/Investors may take their own decision while taking positions in the market.

Happy Mahavir Jayanthi (28th March 2010)

2010-03-28T00:30:00.000-07:00

भगवान महावीर का सन्देश

संपूर्ण विश्व में एकमात्र जैन धर्मं ही इस बात में आस्था रखता हैं की प्रत्येक आत्मा में परमात्मा बनने की शक्ति विद्यमान हैं. अर्थात भगवन महावीर स्वामी की तरह ही प्रत्येक व्यक्ति जैन धर्मं का ज्ञान प्राप्त करके उसमे सच्ची आस्था रखकर, उस अनुसार आचरण (कर्म) करके बड़े पुण्योदय से उसे प्राप्त दुर्लभ मानव योनी का 'एक मात्र सच्चा व अंतिम सुख' संपूर्ण जीवन जन्मा-मरण के बंधन से मुक्त होने वाले कर्म करते हुए मोक्ष महाफल पाने हेतु कदम बढ़ाना तथा उसे प्राप्त कर वीर महावीर बन दुर्लभ जीवन की सार्थक कर सकता है

जियो और जीने दो : भगवन महावीर स्वामी द्वारा इस सन्देश में संपूर्ण जैन धर्मं का आधार व्यक्त किया गया हैं.

भगवान महावीर स्वामी ने हमें अहिंसा का पालन करते हुए सत्य के पक्ष में रहते हुए किसी के हक को मारे बिना किसी को सताए बिना, अपनी मर्यादा में रहते हुए पवित्र मन से, लोभ लालच किये बिना, नियम से बंधकर सुख दुःख में समभाव में रहते हुए आकुल व्याकुल हुए बिना धर्मसंगत कर्म करते हुए 'मोक्ष पद' पाने की और कदम बढ़ते हुए दुर्लभ जीवन को सार्थक बनने का दिव्य सन्देश दिया हैं.

क्या आपने वीर महावीर स्वामी बनने के पथ पर कदम बड़ा दिए हैं या यूँही दुर्लभ जीवन के बहुमूल्य पल गँवा रहे हो? जागो भाई जागो, फिर मौका मिले न मिले.

भगवान महावीर स्वामी की जन्म जयंती एक बार फिर हमें अपने ही कल्याण हेतु जगाने आ गयी है. हमें इसे बड़े धूम धाम हर्षोल्लास के साथ मानते हुए अपने कल्याण का सूत्रपात इस पावन पवित्र दिवस से प्रारंभ कर देना चाहिए.

HAPPY MAHAVIR JAYANTI TO ALL

Shailendra Jain
Call : +91-9833007976
Mail: shjain1976@yahoo.co.in

Delicious Recipies

2010-03-24T00:31:00.000-07:00

Added two more websites in the favourite links section.

Delicious recipes (www.chakali.blogspot.com) and
Misal Pav (www.misalpav.com)

Happy Ram Navami to all and enjoy preparing and having delicious recipes.

Nifty if closes below 5200 tgt 5150 / 5035

2010-03-17T01:58:00.000-07:00

Nifty: Close below 5200 for two days consecutively may target 5150 / 5035.

Budget full of Surprises (PRIZES) !!!!!!!!!!!!!

2010-02-23T19:23:00.000-08:00

Hi all,

I am back after long time.

Some of the members of VFM requested to post on the blog at times so that it could help those who are new and those who want to trade and thats why this new post.

I suggest buying 5200 CE and 4600 PE for March 2010 expiry on 24th Feb 2010 (1st Lot) and on 25th Feb 2010 (2nd lot).

Make sure on both the days buy CE on dips and buy PE on market rise.

Whatever budget will be your profit will be full of surprises.

Good Luck !!!

Regards,

Shailendra Jain

Nifty - My Way (2nd post)

2009-08-18T04:04:00.001-07:00

Another research posted here:

Riseline 1 : Big Resistance (Pink colour)
Riseline 2 : Resistance as well as support (Red colour)
Riseline 3 : Big Support (Blue colour)

Positional Strategy should now be Go Long sl 4350 (closing basis) and targets 4600 / 4700 and rise abv high break 52 week high and also cross 4900.

Magic Numbers (Request post)

2009-08-09T03:53:00.000-07:00

This post is being written on request of my friend Poar (from VFM) to understand the magic numbers system as posted by Kamleshji (KPL) on his website www.vfmdirect.co.in

The steps are as follows:

1) Note down past day nifty close say for 7th July 2009 was at 4481.40
2) Now simply round off this number to nearest 100 which is 4500.
3) Then just take 0.5% of 4500 and add it to 4500 ; thats your 1st UP value.
4) Now again take 0.5% of 1st UP value and add it to the 1st UP value and so on till you get 4 UP values.
5) Same way substract 0.5% from 4500 and substract it from 4500 ; thats your 1st DN value.
6) Now again take 0.5% of 1st DN value and add it to the 1st DN value and so on till you get 4 DN values.
7) So 4 UP and 4 DN numbers together form your magic numbers.

So nos. for 10th August 2009 are So now the nos. for 10th Aug 2009 are as follows:

4412 - 4434 - 4456 - 4478 - 4500 - 4523 - 4546 - 4569 - 4592

Thats it !!!!!!!

Best Regards,
Shailendra Jain

Nifty -Research My Way

2009-07-19T07:08:00.000-07:00

Dear all,

This is first time on my blog that I am posting my research based chart here open for discussions, comments, suggestions and brainstorming on Cbox here.

Nifty Charts Weekly View (within the chart period taken):

Connecting lines
RED Line : Last low to Last Top
BLACK Line: H-H(Resistances) and L-L(Supports)
GREY Lines: All higher tops except last top

It is evident from the chart and colour lines drawn that Nifty has moved in between the BLUE and GREY lines where BLUE lines have acted as minor resistances or supports and GREY Major Resistance. Once it crossed the 3250 resistance touched 4050 which also was crossed and finally resisted at the Major Major resistance at around 4700 (4693.20) levels and collapsed. Then it took resistance at the BLUE line support and moving up now.

So possible scenarios for Nifty are

1) Testing Resistance at 4450-4520 and down to 3900-4100 levels.
2) Testing Resistance at 4450-4520 and also break 4520 and 4693.20 levels then down
towards 3900-4100 and more may be 3700-3300.
3) Testing Resistance at 4450-4520 and break 4520 and 4693.20 levels and give
super bullish breakout to reach 4900, 5000,5200,5555 levels
4) Down straight creating panic (highly unlikely)

Notes: Views mentioned here are based on weekly Nifty chart within the period (as mentioned in chart) and readers should not take positions or trade based on the views mentioned here. These are likely scenarios based on research done in-house and may be right / wrong.

Will post more on updates on the same.

Best Regards,

Shailendra Jain
Cell:09833007976

Nifty Daily Analysis

2009-07-12T21:20:00.000-07:00

Dear all,

I thank all of the visitors and my well wishers who visited the site, motivated me to write this blog and spread word of knowledge.

Due to official assignments, I would not be able to update the daily analysis instead I would be posting Weekly analysis based on which members and bloggers visiting would be able to gain knowledge out of the same to be utilised in a prudent manner for making gains and minimizing losses arising out of ego, emotion and false trading.

Starting next week onwards I will be regularly (Weekend-Saturday or Sunday) posting the analysis of the Nifty. * Those who have any comments, suggestions or Portfolio problems,may do so by sending mail (on shjain1976@yahoo.co.in) for solution to their queries.

I once again thanks all of you for frequently visiting the blog and making it a grand success.
I will be also posting some good technical articles which will help you in making the most of the opportunities available in the market.

Best Regards.,

Shailendra Jain
Cell: 09833007976

* Those interested to interact can call me on 09833007976 between 7-9 pm (Mondays) and 9am-6pm (Saturday,Sundays)

Nifty for 10th July 2009

2009-07-09T20:56:00.000-07:00

* US markets were again flat to positive yesterday.
* SGX Nifty is 35 pts up at 4110.
* TRIN is positive as said from last two days.
* Reliance Inds. is strong since past two days.
* Crucial level for Reliance will be 1919 crossing and staying above that.
* Crucial support is at 4030 now and resistances many 4150, 4205, 4250......
* Buy NF if trades above 4122 for targets 4157/4172/4242.
* Sell NF if trades below 4040 for targets 4005/3975.
* Swing reversals: 2 day (4166) and 5 day (4480) - - > DOWN.

End of the day:
* NF Buy above 4122 : Call not taken as nifty didn't sustain at that level
* NF Sell below 4040 did 3980 and booked profit - Rs.50*60 = Rs. 3000

NIfty for 9th July 2009

2009-07-08T21:01:00.000-07:00

Before market hrs:
* US markets ended flat after weak opening.
* Asian markets are trading mixed.
* SGX Nifty is trading strong at 4078 (+13 pt) at 9.30 am.
* TRIN at 1.3 is positive and tells us market is oversold.
* RIL didn't closed above 1860 but intraday movement was strong.
* Supports: 4040, 3997 and Resistance: 4120, 4150, 4205 levels.
* BUY NF above 4114 for targets 4167 / 4255 (SL 15 pt)
* SELL NF at around 4020 for targets 3975/3888 (SL 15 pt)
* Swing reversals: 2 day (4232) and 5 day (4480) - - > DOWN.
* Hold NTPC and PowerGrid for long term for Nifty Cash SL 3888 levels.

End of the day:
* Nifty and RIL both were strong today.

Nifty for 8th July 2009

2009-07-07T20:22:00.000-07:00

Before market hrs:
* US markets closed down after a breather day on Monday.
* Asian markets are trading in negative territory.
* SGX Nifty is trading weak at 4135 (-57.5 pt) at 9.00 am.
* TRIN at 1.2 is positive.
* RIL 1860 above is important level for closing.
* Gap down opening buy cash stocks (SL 4080 closing basis)
* Supports: 4143, 4092 and Resistance: 4250, 4385 levels.
* BUY NF at around 4181 for targets 4200/4225 (SL 15 pt)
* SELL NF at around 4223 for targets 4192/4176 (SL 10 pt)
* Swing reversals: 2 day (4480) and 5 day (4480) - - > DOWN.
* Hold NTPC and PowerGrid for long term.
* Buy 4000 PE if Nifty declines below 4080 SL 4145 (Nifty Cash)

End of the day:
* We were neutral today.

Nifty after B-day i.e. 7th July 2009

2009-07-06T21:01:00.000-07:00

Before market hrs:
* US markets closed mixed with European markets bleeding still.
* Asian markets are trading flat to mildly bullish.
* SGX Nifty is trading weak at 4165 (+9 pt) in the morning.
* TRIN below 1.0.
* RIL saw downward breakout yesterday and so did SBIN.
* Look for recovery in these two followed by other large cap stocks.
* Supports: 4143, 4092 and Resistance: 4250, 4385 levels.
* BUY NF above 4210 for targets 4248/4267/ 4299 with SL of 10-15 pts.
* SELL NF if trades below 4083 for targets 4040/3980 with SL of 10-15 pts.
* Swing reversals: 2 day (4480) and 5 day (4480) - - > DOWN.
* Hold NTPC and PowerGrid for long term. Look to book profits in calls (5-15% return)

End of the day:
* Look for recovery in these two followed by other large cap stocks.
* Nifty held yesterdays low and moved up from that level.
* Hold NTPC and PowerGrid for long term.
* Neutral today as neither buy nor sell levels were activated.
* We saw some action in RIL, SBIN and the like.

Budget Highlights 2009-10

2009-07-06T03:29:00.000-07:00

• No change in corporate tax
• Income tax exemption limit raised by Rs 10,000 and surcharge on personal Income tax scrapped
• FBT is scrapped
• Income tax exemption limit for senior citizens raised by Rs 15,000
• MAT hiked to 15% of book profit from 10%
• Anoymous donations - grant relief 5% of total income or Rs 1,00,000 whichever is higher
• Custom duty reduced on LCD panels from 10% to 5%
• Govt to spend Rs 120 cr in FY10 in unique ID Unique ID cards in 12-18 months
• Income-tax return forms to be made more user-friendly
• Fiscal deficit up to 6.2% from 2.7% fo GDP
• 8.5% growth in recent past fueled by pvt sector investment
• Allocation Commonwealth Games raised by more than 50% to Rs 3,472 crore
• Life saving drugs, including breast cancer, custom duty reduced to 5% from 10%
• Custom duty on silver, excluding jewellery, hiked by Rs 500/ kh to Rs 1,000/ kg
• PSU companies to remain under government control

How Budget 2009-10 would deal with Black Money

2009-07-05T21:11:00.000-07:00

One of an interesting articles I wish to post here which is written by an eminent Advocate Shri Surendra Jain.

Formation of Black money

There are following main causes for the formation of Black money in

India:-

-Mentality

-Higher rates for charging Sales-tax

-Higher rates for charging Income-tax

-Higher rates for charging Stamp duty

-Deductions under the Income-tax Act

-Exemptions under the Income-tax Act

-Lack of provisions in the I.T Act for voluntary disclosure of unaccounted income or undisclosed income.

Mentality

The first and the foremost cause for the formation of Black money in India is the Mentality of general public. It is thinking of most of the persons that why should they declare the correct and higher income and create problems for themselves.

Higher rates for charging Sales-tax

The next cause for the formation of Black money is the higher rates of sales tax. In our country, the rate of sales tax is so high that the purchaser on being asked by the seller that would you like to take "Pacca" sale bill or sale invoice, he refuses to take the same. Due to this higher rates of sales tax 90 per cent of the sale in India is made by the manufacturers of goods and the dealers out side the account books. The purchaser of the goods is not ready to pay sales tax on the goods purchased by him due to higher rates of sales tax and in this position the manufacturers and the sellers are forced to sell the goods out side the account books.

Higher rates for charging Income-tax

In our country the rate of income-tax in most of the cases is more than 40 per cent of the income. No person would like to pay a major part of his income in income tax.

Higher rates for charging Stamp duty

The next cause for the formation of Black money is that the rate of stamp duty is very high. If a person likes to purchase a property for Rs 10 lakhs , he has to affix the stamp approximately of Rs. 170000/. In such a situation, he would like to purchase the property by way of power of attorney, wherein he has to spent approximately a sum of Rs. 5000/ only. Thus it would create a formation of Black money of Rs. 10 lakhs. If the said person even wants the sale deed registered with the Competent Authority, he would like to declare the sale consideration in the sale deed at a very lower amount and would pay the balance amount to the seller of the property in "Uchanti". This again would create a formation of Black money.

Deductions and Exemptions under the Income-tax Act

Favour and concession are the roots of a social evil. Due to the deductions and exemptions granted under the income-tax Act, formation of black money has increased in the country to some extent.

Lack of provisions in the Income-tax Act for voluntary disclosure of unaccounted income or undisclosed income.

There is no provision in the Income-tax Act for the voluntary disclosure of unaccounted income or undisclosed income in the return of income filed. If an assessee by chance had not disclosed the true income in the returns of income filed in the previous years and if he wants to disclose the same in the current year there is no provision in the Act for doing so. Due to this shortcoming in the Act an unaccounted income or undisclosed income would remain unaccounted income or undisclosed income. If there would be a provision in the Act for disclosure of such type of unaccounted income or undisclosed income, the assessee by disclosing the same in the return of income and paying the tax there on may bring the said income in its account books and thereafter that would also become the account income.

Nifty for B-day i.e. 6th July 2009

2009-07-05T20:45:00.000-07:00

Before market hrs:
* US markets were closed on Friday.
* European markets ended in red and Asian markets are following same trend.
* Chinese markets are trading higher and higher day by day.
* SGX Nifty is trading flat at 4422 (+2 pt) in the morning.
* TRIN at 1.0 and dripping downwards, which is a positive sign.
* Indian cues will rule over the global market over few days.
* RIL poised to run without which any technical sign would fail to make Nifty run.
* On budget day no resistance or support will come into play.
* Above 4440, Nifty has to cross 4480, 4515 to confirm bullishness.
* Swing reversals: 2 day (4289) and 5 day (4250) - - > UP.
* Book Profit if up by 2,5,10% respectively - - > RIL, NTPC and PowerGrid in cash
* Buy 4500 CE on decline below 4350 and 4200 PE on rise above 4500.

End of the day:
* On budget day no resistance or support will come into play.
* The above statement was HERO of the day.
* Nifty down below 2-day and 5-day swing reversals i.e.4250, 4289.
* We booked RIL at 2045 as Nifty could not cross 4509 level.
* Bought 4200 PE @ mkt highs in morning @ 110 and sq. off at 190 ; Profit Rs. 4000 per lot
* Bought 4500 CE @ 75 and holding the same now.
* Holding NTPC and Powergrid in cash.

Railway budget 2009-10

2009-07-03T03:06:00.000-07:00

Key highlights:
- No change in passenger fares and freight rates
- Plans to acquire 18,000 wagons in fy10
- FY10 freight target set at 882 million tonne
- Railways to set up 1,000 MW captive power plant with NTPC
- 50 stations to be developed with world class facilities.
- To upgrade Mumbai, Pune, New Delhi, Jaipur, Howrah stations
- Allocation for new lines raised to Rs 2920 crore

Populist measures:
- To Introduce scheme 'Ijjat' for lower income groups having monthly income of up to Rs1,500
- 60% metro concessions to students
- Run AC Yuva trains for youth at Rs 299 up to 1,500 km

(Source: www.moneycontrol.com)

Nifty for 3rd July 2009

2009-07-02T21:01:00.000-07:00

Before market hrs:
* US and European markets ended in nagative territory (2-3.5% down).
* Asian markets are trading weak.
* SGX Nifty is trading weak at 4293 (-40.5 pt) in the morning.
* TRIN at 1.0. Global cues will rule over market.
* RIL, SBIN may see breakout on either side.
* Supports: 4200, 4250 and Resistance: 4440, 4509 levels.
* BUY NF above 4389 for targets 4430/4480 with SL of 10-15 pts.
* SELL NF if trades below 4299 for targets 4249/4209 with SL of 10-15 pts.
* Swing reversals: 2 day (4250) and 5 day (4244) - - > UP.
* Hold RIL, NTPC and PowerGrid in cash and buy 4100 PE if Nifty goes below 4293.

End of the day:
* Finally we broke out of 4400 and Nifty closed above 4400.
* Our BUY NF call got activated ::: Profit=Rs. 50*41 = Rs. 2050
* 4700 CE sold at 100 :::Profit Rs. 26*50 = Rs. 1300
* 4900 CE also sold at 55 ::: Profit Rs. 15*50 = Rs. 750
* Holding RIL, NTPC and Powergrid now in cash.

Nifty for 2nd July 2009

2009-07-01T21:09:00.000-07:00

Before market hrs:
* US markets flat after up and down in two sessions.
* European markets gained between 1-2%.
* Asian markets are trading mixed.
* SGX Nifty is trading at 4356 (+16.5 pt) in the morning.
* TRIN bakward journey started and now at 1 from 1.9 (Less volatile market now).
* Supports: 4250, 4331 and Resistance: 4362, 4440 levels.
* BUY NF above 4385 for targets 4429/4497 with SL of 10-15 pts.
* SELL NF if trades below 4318 for targets 4273/4206 with SL of 10-15 pts.
* Swing reversals: 2 day (4250) and 5 day (4221) - - > UP.
* Hold NTPC and PowerGrid in cash. Buy RIL if dips below 2050.
* Look for selling 4500 CE @ 150 and buy 4700 CE and hold 4900 CE.

End of the day:
* SELL NF @ 4315 achieved 4277 and call was close at 4285 Profit Rs. 30*50 = Rs.1500
* Sold 4500 CE @ 145 as teh value reached 149 and came back.
* Profit from the above (145-116)*50 = Rs. 1450
* Bought back RIL @ 2020 and also 4700 CE @ 75.

Nifty for 1st July 2009

2009-06-30T20:59:00.000-07:00

Before market hrs:
* US and European markets covered all gains of yesterday.
* Asian markets are trading flat to NEGATIVE.
* SGX Nifty is trading at 4305 (+2.5 pt) in the morning.
* TRIN touched 1.9 and now in band of 1.9 -2 (Highly Oversold).
* Supports: 4143, 4267 and Resistance: 4440, 4330 levels.
* BUY NF above 4328 for targets 4389/4488 with SL of 10-15 pts.
* SELL NF if trades below 4230 for targets 4169/4071 with SL of 20 pts..
* Swing reversals: 2 day (4267) and 5 day (4218) - - > UP.
* Hold NTPC and PowerGrid in cash and hold 4900 CE.
* Buy 4500 CE at opening with SL 98

End of the day:
* Buy Nifty above 4328 ; we closed call at 4350 so profit = Rs. 22*50 = Rs. 1100.
* Bought 4500 CE at opening @ 116 and holding the same.

Nifty for 30th June 2009

2009-06-29T20:45:00.000-07:00

Before market hrs:
* US and European markets closed POSITIVE after many days of consolidation.
* Asian markets are trading flat to POSITIVE.
* SGX Nifty is trading at 4422 (+ 33 pt) in the morning.
* TRIN again back to 1.7 levels (Oversold which is positive for markets).
* Supports: 4244, 4333 and Resistance: 4440, 4509 levels.
* Nifty may try to touch 4461 and 4509 levels on upside.
* BUY NF if trades with strength above 4437 for targets 4483/4526 with SL
* SELL if trades below 4394 for targets 4348/4305 with SL.
* Swing reversals: 2 day (4244) and 5 day (4146) - - > UP.
* Book Profit in RIL at high today. Hold NTPC and PowerGrid.
* Book Profit on 4900 CE added yesterday if reaches 60.

End of the day:
* NF Sell call below 4394 did both the targets ; buy call was not activated.
* So if traded two lots n sell call ; Profit = (4390-4348)*50+(4390-4305)*50 = Rs.6350
* Booked Profit in RIL at 2100 so profit = (2100-2025)*100 = Rs.7500
* Holding 4900 CE and cash positions in NTPC and Powergrid.

Nifty for 29th June 2009

2009-06-28T20:26:00.000-07:00

Before market hrs:
* US markets closed flat.
* Asian markets are trading mixed and bias is on negative side.
* SGX Nifty is trading at 4390 (+ 6 pt) in the morning.
* TRIN between 1.5 and 1.7 levels.
* Opening Range breakout was POSITIVE on Friday.
* Supports: 4355, 4333 and Resistance: 4424, 4444 levels.
* Nifty found support around 4250 on 3 ocassions.
* Nifty may try to touch 4418 and 4444 levels on upside.
* Expect flat to mildly bullish opening.
* BUY NF above 4425 for targets 4474/4565
* SELL below 4334 for targets 4285/4195.
* Apply appropriate Stop Loss of 15-20 points.
* Swing reversals: 2 day (4221) and 5 day (4146) - - > UP.
* Hold cash positions in RIL, NTPC and PowerGrid.
* Add 4200 PE and 4000 PE at Nifty cash 4580 and 4700 levels
* Book profit on 4700 CE if crosses 100 and move to 4900 CE.

End of the day:
* As said Nifty got support at 4350 and resisted 4424 and 4444 levels.
* Nifty touched 4418 and 4444 (close to this level) levels on upside.
* BUY NF above 4425 for targets 4474/4565 did 4439 and our SL hitof 15 pts hit.
* Cash positions: RIL ..........bought at 2025 touched 2100.
* Booked profit on 4700 CE @ 87 as advised on my SHOUTBOX.
* 4900 CE bought at 45.

Rish Trader: >Trading elliott waves

2009-06-26T03:57:00.000-07:00

Rish Trader: >Trading elliott waves

Nifty for 26th June 2009

2009-06-25T20:48:00.000-07:00

Before market hrs:
* US markets closed positive (over 2%) after continuous flat movement for 4 days.
* Asian markets are trading mixed and bias is on negative side.
* SGX Nifty is trading at 4304 (26 pts up) in the morning.
* TRIN again touched 1.7 is in upward direction which is Negative for markets.
* Opening Range breakout was Negative after gap up.
* Resistance at 4323 and 4344 ; Support at 4207 and 4143.
* Today onwards lot sizes of certain scrips will change and also Nifty will be in free float.
* So see more volatility and thus more swings in the market.
* BUY NF above 4267 for targets 4313/4384 ; SELL below 4196 for targets 4150/4079.
* Swing reversals: 2 day (4338) and 5 day (4352) are currently DOWN.
* Close above these levels will confirm markets are set to target new highs.
* Hold 4700 CE @80 and cash positions in RIL, NTPC and PowerGrid.

End of the day:
* BUY NF above 4267 achieved both the targets so Rs. 5,850... todays profit (117*50)
* SELL NF call was not activated.

Nifty for 25th June (JUNE Expiry)

2009-06-24T20:38:00.000-07:00

Before market hrs:of ECB's
* US markets mixed with positive bias.
* European markets closed higher on news of ECB's Euro 400 bn boost.
* Asian markets are trading higher (0.5-1%).
* SGX Nifty is trading at 4355 (50 pts up) in the morning.
* TRIN sliding from 1.6 levels which is positive for markets.
* Strong bullish zone set by Nifty as it closed above the High ORB #.
* Resistance at 4331 and 4509 ; Support at 4209 and 4143.
* BUY NF above 4327 for targets 4361/4416
* SELL below 4273 for targets 4238/4185.
* Swing reversals: 2 day at 4307 and 5 day at 4375 which are currently down.
* Close above these levels will confirm markets are set to target new highs.
* Hold 4700 CE @80, RIL Cash, NTPC Cash and Power grid Cash.

# ORB - Opening Range Breakout

End of the day:
* SELL below 4273 for targets 4238/4185 achieved 4238
* Profit = Rs. 4270-4240 = Rs. 30*50 = Rs. 1500

Nifty for 24th June 2009

2009-06-23T20:56:00.000-07:00

Before market hrs:
* US markets closed flat yesterday.
* Asian markets are trading higher (0.5-1%).
* SGX Nifty is trading at 4250 (20 pts up) at the time of writing this post in the morning.
* TRIN at 1.6 now looking upwards showing weakness still exists.
* Resistance exists at 4297 (5 DMA) and 4351 ; Support exists at 4143 and 4092.
* BUY NF above 4295 for targets 4342/4419 and SELL below 4219 for targets 4171 /4095.
* 2 day swing reversal is at 4352 and 5 day swing reversal at 4518 which are currently down.
* Hold positions as advised from 18-Jun 2009 and rest stay neutral till expiry.

End of the day:
*Nifty didn't cross 2 day swing reversal at 4352 even ; so lets see for tomorrow.
* We continue to hold 100 shares each of RIL, NTPC and Powergrid
* We exited yesterday 4200 PE (bought @ 180) at 250 with Rs. 3500 profit).
* Buy NF above 4295 did 4318 - so 23 points (23*50 = Rs. 1150)
* Exited 4500 CE also (bought @ 116) @ 135 i.e. 50*19 = Rs.950 profit)
* Exited 4700 (2 CE @ 75 = Rs.5*100 = Rs. 500 loss)
* We now hold 1 lot 4700 CE @ 80

Overall Profit = Rs. 3500 + Rs. 1150 + Rs.950-Rs. 500 = Rs. 5100

Nifty for 23rd June 2009

2009-06-22T20:39:00.000-07:00

Before market hrs:
* US markets closed 2-3% down yesterday.
* European markets also closed down 2-3% except for ATX closing down by more than 5%
* Asian markets are trading weak (2-3%) following the US market trend.
* SGX Nifty is trading at 4143 (83 pts down) at the time of writing this post in the morning.
* TRIN eased from 1.7 to 1.4 but Nifty didn't changed its direction.
* Resistance exists at 4344 (21 DMA) and 4327 (5 DMA) ; Support level exist at 4195 (34 DMA)
* BUY NF above 4270 for targets 4318/4400 and SELL below 4187 for targets 4139 /4057.
* 2 day swing reversal is at 4352 and 5 day swing reversal at 4538 which are currently down.
* Exit 4200 PE bought at open while seeing the Opening Range Breakout levels and add 3800 PE to hedge 4700 CE (3 lots).
* Add 4300 CE July expiry at market fall below 4100.

End of the day:
* Opening Range Breakout was positive and hence Sell call was not activated.
* Nifty July 4200 PE bought @ 180 on 19-Jun booked @ 250 today (Profit of Rs.3500).
* Fresh Buy: Nifty July 4500 CE bought @ 116 on 23-Jun-2009.
* Holding Nifty July 4500 CE bought @ 116 on 23-Jun-2009.
* Holding RIL (2025), NTPC (202) and Powergrid (109) bought on 19-Jun-2009.

Nifty for 22nd June 2009

2009-06-21T20:20:00.000-07:00

Before market hrs:
* US markets on expiry again ended flat.
* Asian markets were trading positive.
* SGX Nifty trading at 4345 (19 pts up) at the time of writing this post in the morning.
* TRIN easing from close to 1.7 levels to around sub 1.6 levels pointing downwards which means markets are bullish.
* Asian markets trading positive with Hang Seng ahead of all markets up by 2%.
* Resistance exists at 4354 (21 DMA) and 4373 (5 DMA) ; Support level exist at 4194 (34 DMA)
* Buy above 4358 for targets 4402 / 4477
* Sell below 4282 for targets 4238/4163 /4163 /4119.
* 2 day swing reversal is at 4375 and 5 day swing at 4601 which are currently down.
* I feel if 4365 will be crossed on closing basis it will set new trend for markets to go bullish and the swings given reversal in the above will give confirmation to this feeling.

End of the day:
Today as per before market hrs Nifty Sell call was activated @ 4282 and Nifty showed a low of
4225. So if any body would have shorted @ 4280 and covered at 4238 then 42 points (Rs.2100) Nifty is the profit he would have made.

Nifty 4200 PE July..................bought at 180...............High 222
Nifty 4700 CE July..................bought at 80.................High 101
RELIANCE............CMP 1952
NTPC.....................CMP 191
POWERGRID.......CMP 106

Nifty for 19th June 2009

2009-06-18T20:41:00.000-07:00

Before market hrs:
1) Global cues:
US markets ended flat with Dow closing positive up 58 pts at 8555
Asian markets were trading positive.
SGX Nifty opened positive at 4300 and is now trading at 4300

2) Technicals:
TRIN rose from 0.7 to 1.65 in last two days shows signs of bottoming out.
Nifty below its major support level 0f 4365.
Daily RSI-2 is now at 5.20.
Nifty Pivot is 4283, supports at 4191 / 4130 / 4037 and resistances at 4344 / 4436 / 4497.

My view is Nifty can maximum go down upto 4188 levels and upside will be strong resistance around 4400 levels (though levels mentioned above in technicals do not match with my levels given, these are psychological levels and so worth mentioning here). Traders can buy July expiry 4200 PE (1 lots) on markets at high levels and 4500 CE / 4700 CE (3 lots) at markets at low levels and hold for good gains in July 2009.

End of the day:
Bottoming out of TRIN helped Nifty gain from lows of 4206.70 to highs of 4325 (119+ pts). Our strategy as advised was implemented and 3 lots of 4700 CE at 80 and 1 lot of 4200 PE at 180.

Strategy update - 19-Jun-2009
3 lots of 4700 CE bought at 80 - - - - > CMP = 97
1 lot of 4200 PE bought at 180 - - - - > CMP = 180..............12% return

Strategy update - 18-Jun-2009
RIL bought 100 shares @2025 - - - - > CMP 2044
NTPC bought 100 shares @202 - - - - > CMP 198
POWERGRID bought 100 shares @109 - - - - > CMP 108

Remarks: Hold cash and index option positions taken on 18th and 19th June 2009.

* Returns are not calculated taking period into calculations.

Nifty for 18th June 2009

2009-06-17T20:44:00.000-07:00

Before Market hrs:
Nifty closed on a weaker note at around 4350 levels which is just below the 61.8% Fibonacci level at 4365. Well if today this support is held Nifty will be bullish and a close below this will be warning to people that 4050-4092 levels which are most talked of in the market are coming soon.

Having said that, if it maintains that level then a bounce back is expected in the markets which can take Nifty straight to 4400 / 4444 / 4490 / 4518 levels of nifty. If we consider Fibonacci level from 12th June 2009 high of 4693 and 26th May 2009 lows of 4093 then it comes to around 4323 levels where from Nifty should bounce back. 9 out of 10 times RIL should come to rescue as there has been another twist in RIL-RNRL case (Agreement says that the price will be decided based on RIL-NTPC terms). Operators will use fully this news to trigger a big rise in markets.

ONE CAN BUY AT THESE LEVELS RIL, NTPC, Powergrid and the like blue chip stocks which corrected between the most between 4093 - 4693 levels for selling in pre-budget rally post expiry.

End of the Day:
Well nothing happened as said and this is call stock market ( professional place where people gamble using their money). Though the BEARS ruled today (90 lac Nifty were shorted at 1 pm), market regained levels at close and atleast 4200/4100/ 4092 levels were protected for the day by some huge buying in the expectation that SEBI was to come out with revision in FII lock-in period news .

RIL, NTPC, Powergrid if bought will give good returns and i will update the prices everyday with returns gained from todays close.

RIL - 2025 . . . . . . . . . . . .. (0% returns)
NTPC - 202 . . . . . . . . . . . .(0% returns)
Powergrid - 109 . . . . . . (0% returns)

NIfty for 17th June 2009

2009-06-16T20:37:00.000-07:00

Before mkt hrs:

US markets were trading positive till the close of European markets. As soon as European markets closed Dow showed its true colours and closed in red. Asian markets were trading negative with Shanghai, Hang Seng down by more than 1% and Nikkei just managing to stay flat.

Expect Indian markets to start in tune with Asian markets and then take on as the day progresses. Yesterday Nifty got support at 4400 and bounced back to close almost 100+ points which shows that BULLS are still alive. BEARS will make their last attempt today even to breach 4470 / 4450 / 4400 / 4370 levels. BULLS should protect the 4365 levels if 4690 / 4700 is to be seen in this expiry.

Above 4481 don't take any shorts today.

Upside levels : 4557 / 4613 / 4689
Downside levels : 4425 / 4349 / 4293

End of the day:
As mentioned 4481 was pivot level below which Nifty fell and 4425 / 4349 were achieved.
Also said " BEARS will make their last attempt today even to breach 4470 / 4450 / 4400 / 4370 levels " which they did.

Nifty for 16th June 2009

2009-06-15T20:43:00.000-07:00

Could not post any thing on 15th due to lease line failure.

Before market hrs:
Today markets are looking weak though at start the markets will track asioan markets and bit of global mkts but as the day gradually progresses the weakness will be shrugged off and Indian markets will start recovering to almost end on a flat or mildly bullish note.

Levels to watch are as follows:

Downside : 4470 / 4444 / 4422 / 4400...........max downside will be 4370
Upside : 4543 / 4562 / 4600

On downside go long on 4500 ce say at a level of 4370-442 and hold these calls.

End of the day:
Hope u enjoyed the levels given. Markets managed to cross 4543 on upside but could not cross 4550 which is bulls level once crossed we may see more bull run. Till then we have to wait. As said markets ended the day with a bullish note.

Nifty for 12th June 2009

2009-06-11T20:56:00.000-07:00

Before mkt hrs:
Expect a flat to bullish opening for the market. Market are bound to oscillate between 4585 - 4688 levels (downside it may even show 4570), till the IIP numbers are out at 12.30 pm.

After the IIP numbers are declared the market will take direction depending upon the numbers : if on expected lines then up and if not then down. Most likely Nifty will breach the levels of 4688 to touch 4700 / 4747 where it may face resistance. One may buy Index option calls on mkt decline below 4610 levels and also buy index option puts on every rise above 4670 / 4688 / 4700.

End of the day:
Nifty stayed in the range as specified i.e. 4585 -4688 (well it crossed 4688 levels on upside but not able to sustain those levels and showed 4574 levels on downside but6 closed between the range level). Here when i say mkt is in a range it means, the closing is important. If would have closed below the range then bearish next day or vice-versa.

IIP nos. were positive, but mkt always react negative to somewhat positive data OR u can say mkt reacts to positive news in a slow manner so Friday mkts were down. Monday I expect the mkts to cover all the losses and end in green.

Nifty for 11th June 2009

2009-06-10T21:46:00.000-07:00

Before mkt hrs:

Nifty to stay between a band of 4636 - 4688 until it consolidates to give either side move most likely upmove to 4747 / 4767. On downward side it may slide down to 4630 / 4613 levels or maximum 4600 levels where buying will emerge again to take nifty past 4747 levels. Crossing 4767 levels will be targetting 4789 / 4800 levels.

End of the day:

As said Nifty stood between a band of 4636 - 4688 and did'nt broke 4688 .
On downward side it showed levels of 4630 / 4613 /4600 .
It did touch 4586 but reversed from there to cross 4650 levels which shows the signs of a strong market.
Wait Friday or maximum next week to cross 4688 and reach highs upto 4790 / 4800.

Happy Trading !!!!!!

Nifty target before June expiry

2009-06-09T04:53:00.000-07:00

No posts between 31st May and 9th June as I was on vacation. Nifty is dancing in between 4350 and 4650. Break 4650 and we will see 4750 , 4850, 5000 levels and on downward side will give maximum 4300., so trade accordingly. Buy 4500-4800 Nifty Option Calls at dips in between 4600 to 4300 levels and keep on booking profits as Nifty moves to 4450, 4550, 4650 levels.

FREE CALL:
Buy 4800 CE @ 50-60 Target DOUBLE before expiry (For safe traders SL is 4450 and risky traders 4300 is SL).

FREE CALL UPDATE:
How was the free call of 4800 CE ??? . My free call high today 94.80 .Risky traders can wait for more and safe traders may exit tomorrow at market open.

Target for Nifty positional is 4789 - looks like magic number. I will update more as the week progresses.

Revision of Market Lots for Derivative contracts

2009-05-31T01:14:00.000-07:00

NSE has proposed to carry out revision of market lots for derivatives contract vide their Circular No.: NSE/F&O/042/2009 dated May 29, 2009 as below:

1) Effective from June 26, 2009 for all contracts:

a) Underlying whose Derivative contract size / value is higher than Rs.8,00,000 would be revised by dividing current lot size by 4.
b Underlying whose Derivative contract size / value is higher than Rs.4,00,000 would be revised by dividing current lot size by 2 effective from June 26, 2009 for all contracts.

2) Effective from June 26, 2009 for September 2009 & later expiry's:

a) Those underlying whose Derivative contract size / value is higher than Rs.8,00,000, but not exactly divisible by 4 would be divided by 4 & rounding off to nearest even integer.
b) Those underlying whose Derivative contract size / value is lower than Rs.2,00,000 would be revised by multiplying existing lot by 2 and its multiples.

To avoid operational complexities, in case 3 & 4 above, only the far month contract i.e. September 2009 expiry contracts will be revised for market lots. Contracts with maturity of July 2009 and August 2009 would continue to have the existing market lots. All subsequent contracts (i.e., September 2009 expiry and beyond) will have revised market lots.

The same is for your information purpose only.

Nifty Options Trading

2009-05-29T04:11:00.000-07:00

Dear Blog reader,

Welcome to the blog on Nifty Options.

I am glad to start this blog with motivation from VFM website Member Mr. Masud Bhai. I will display my trading strategy on this blog before every trading day and invite comments to improve this blog. My main motive behind starting this blog is to educate newcomers on trading in Nifty Options and create a platform to generate wealth for all through my method of investing in the stock market.

Happy Trading,

S H Jain