Trading performance in the month of November

 

Equity
Recommendation	Buy Price	Sell Price	Quantity	Profit /Loss
LT  Nov PE 1650	51	50	250	-250
LT Nov PE 1600	24	28	250	1000
Tata Motors Nov Fut	271	281	1000	10000
Tata Motors Nov 270 PE	9.5	4.5	1000	-5000
Nifty Nov Fut	5792	5594	50	-9900
Nifty Nov 5800 PE	73	203	50	6500
SBI Nov 2200 PE	134	71	125	-7875
SBI Nov 2150 PE	45	93	250	12000
Nifty Dec 5700 PE	32	152	50	6000
Nifty Dec 5600 PE	102	17.5	100	-8450
Rel Cap Nov Fut	381	375	500	-3000
Rel Cap 280 CE	9.3	11	500	850
IDFC Nov Fut	155	158.5	2000	7000
IDFC Nov 160 CE	2.5	0.8	2000	-3400
Infy Dec Fut	2405	2485	125	10000
Infy Dec 2400 PE	50	20	125	-3750
SBI Dec Fut	2125	2195	125	8750
SBI Dec 2100 PE	52.5	33	125	-2437.5
Nifty Dec Fut	5868
Nifty Dec 5900 PE	101
Total				18037.5

 

 

Commodity
Recommendation	Buy Price	Sell Price	Qty	Profit /Loss
Zinc	100.2	102.5	5000	11500
Lead	111.2	114	5000	14000
Crude Oil	4710	4650	100	-6000
Zinc	104.8	105.7	5000	4500
Copper	425.3	433.2	1000	7900
Nickel	899	927	250	7000
Nickel	949	939	250	-2500
Copper	437	439	1000	2000
Gold Mini		31010
Total				38400

 

 

 

 

 

 

 

 

 

 

 

Market updates for 30/11/2012

 

Nifty daily chart

 

 

Today Nifty has breached critical resistance levels at 5745 and previous peak at 5820. This up trend is not going to stop at 5825. There are greater possibilities that it will continue till 5950. Short term reversal of the trend will be close below 5680.

 

LIC Housing Finance , LT , Hexaware , Gruh Fin, Ambuja Cement are some of the companies which are looking positive.

 

Chart of the day

 

SBI daily chart

 

 

SBI is forming a possible triangle formation. Base of the triangle is at Rs.2060 and a descending trend line can be drawn by joining 2357 and 2268. The extension of this trend line is approximately around 2200. Considering all these factors today we have initiated bullish strategy.

 

Nifty medium term trend

 

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	5825
Reversal if closes below	5575

 

 

Thought for the day

 

Education ....... has produced a vast population able to read but unable to distinguish what is worth reading. 

 

 

 

 

Market updates for 28/11/2012

 

Nifty daily chart

 

 

Nifty has breached resistance at 5720 and closed at 5726. Now it may face resistance around 5750. Since it has closed above 5680 the short term direction has turned bullish. Now the probability of breaching trend line resistance is high. Once it happens Nifty can reach 5800 and above 5800 medium term target could be 5900.

 

Infosys

 

 

 

Last month Infy has made gap down on the day of result. Now it has filled the gap and it may face resistance at 2480 level where 200 DMA is located. We initiated long in Infy Dec fut at Rs.2405 and simultaneously 2400 Dec put option was bought at Rs.50. Today we sold positions at Rs.2485 and 21. Total profit booked is Rs.6375.

 

Nifty medium term trend

 

Trend	DOWN
Initiation Date	16-11-12
Initiated at	5574
Low since change	5549
Reversal if closes below	5800

 

 

Thought for the day

 

Unhappy is he who lives under the influence of greed , pride , luxury and anger. - Guru Granth Sahib

 

 

Happy Nanak Jayanti to all Sikh brothers and sisters

 

 

 

 

 

 

 

 

 

Copper

 

We had initiated copper at Rs. 425.20. It has breached descending trend line and has formed rounding bottom now at cmp Rs.433.20 we have booked profit of Rs.8,000 per lot.

Nickel

 

 

Long in Nickel was initiated at Rs.899 before few days partial profit was booked at Rs.915 and now since it has reached Rs.927 which is its key resistance level we have booked profit and re entry will be done in later stages.

 

Performance of commodity calls in the month of November

 

Recommendation	Buy Price	Sell Price	Qty	Profit /Loss
Zinc	100.2	102.5	5000	11500
Lead	111.2	114	5000	14000
Crude Oil	4710	4650	100	-6000
Zinc	104.8	105.7	5000	4500
Copper	425.3	433.2	1000	7900
Nickel	899	927	250	7000
Total				38900

 

 

6 recommendations , 5 success , 1 failure , Rs.38900 profit and lot of information sharing for a throw away price of Rs.1500 per month. What else you want??

 

Nifty medium term trend

 

Trend	DOWN
Initiation Date	16-11-12
Initiated at	5574
Low since change	5549
Reversal if closes below	5800

 

 

Thought for the day

 

I know where I am going and I know the truth , and I don't have to be what you want me to be. I am free to be what I want. - Muhammed Ali.

 

 

 

 

 

 

Market updates for 26/11/2012

 

Nifty daily chart

 

 

 

Nifty is consolidating between 5570-5630. I was expecting Nifty to reach 5500 in this expiry but so far there is no signs of breakout.  Nifty has tested the trend line thrice , so the importance of this trend line is very high. Whenever a trend line / support / resistance is tested many number of times it becomes vulnerable. Lets wait for break out.

 

Nifty Weekly chart

 

 

 

Nifty has continued to form higher top and higher bottom. 5570 is acting as the base and 5740 is the resistance.  It is already repeated many times that Nifty should close above 5740 on weekly  basis to reach 5900.

 

Chart of the day

 

Dow Jones Industrial Average

 

 

Dow Jones was in down trend after elections. Now it has closed above 200 DMA and also above 12990 which was a critical resistance. Now it is likely to move towards 13300. Will Indian market participate in the rally?? Lets see.

 

Nifty medium term trend

 

Trend	DOWN
Initiation Date	16-11-12
Initiated at	5574
Low since change	5549
Reversal if closes below	5800

 

 

Thought for the day

 

Better is bread with a happy heart than wealth with vexation - Amenemop

 

 

 

 

 

Market updates for 23/11/2012

 

Nifty daily chart

 

 

Nifty is unable to break trend line support at 5570 and now it has bounced back to previous support 5630. In yesterday's post it was mentioned that 5630 which was acting as support can act as resistance and same thing has happened in today's session. 

 

Nifty made a intraday  high of 5630 it was unable to close above it. So as long as Nifty is below 5630 short term trend will remain down. It may be too early to talk about expiry but according to me this expiry may happen around 5600. Lets see.

 

Nifty medium term trend

 

Trend	DOWN
Initiation Date	16-11-12
Initiated at	5574
Low since change	5549
Reversal if closes below	5800

 

Thought for the day 

 

He who seeks more than he needs hinders himself from enjoying what he has. - Hebrew Proverb

 

 

 

 

 

 

 

Market updates for 22/11/2012

 

Nifty daily chart

 

 

 

Nifty has once again bounced back from support line. Now the expected trading range is between 5570-5630. Traders who follow breakout trading system should wait for breakout to get high probability entry point. Above 5630 Nifty can reach 5680-5720-5800.On the other hand if it closes below 5570 then target will be 5500-5400.  5630 which was acting as support can act as resistance.

 

Charts of the day

 

SBI

 

 

We had initiated short in SBI at 2150 levels and profit was book at 2060 levels. Break out from 2060 can lead to further fall.

 

Nickel

 

 

Nickel has shown good amount of strength in past few days . We have initiated long position in Nickel around Rs.900. Partial profitwas booked around Rs.914 expecting further upside.

 

 

Nifty medium term trend

 

Trend	DOWN
Initiation Date	16-11-12
Initiated at	5574
Low since change	5549
Reversal if closes below	5800

 

 

Thought for the day

 

The reason I know so much is because I have made so many mistakes - R Buckminster Fuller