Nifty Traders

Till date, whatever tips been given is based on camerilla..

You can visit http://rkglobalkar.blogspot.com - visit the first link of nifty - it gives camerilla levels and accordingly you can trade.. Also there are other info available for Nifty traders.

For market quotations of famous people, please visit http://stockmarketquotations.blogspot.com/ i will update info on the same..

For money management and position sizing related info visit
http://positionsizing.blogspot.com/ 

I will be focussing only on crude oil, if you are interested in crude oil u can visit   http://denaturafossilium.blogspot.com/ 

 

market view for 15th sep 2011

Only buyers zone > 5085
Only seelers zone < 4950
buyers indecisve zone 5055-5085
Sellers indecisve zone 4985-4950

Market range 4985-5055 ;
Go long around 4985 for target of 5055, with stop loss of 4950 ; or go short at 5055 for a target of 4985 with stop loss at 5085 ;
Don't trade between buyers and sellers indecisve zone..
below 4950 sell with stop loss at 4985 and above 5085, buy with stop loss at 5055

market view for 14th sep 2011

Only buyers zone > 5015
Only seelers zone < 4865
buyers indecisve zone 4980-5015
Sellers indecisve zone 4905-4865

Market range 4905-4980 ;
Go long around 4905 for target of 4980, with stop loss of 4865 ; or go short at 4980 for a target of 4905 with stop loss at 5015 ;
Don't trade between buyers and sellers indecisve zone..
below 4865 sell with stop loss at 4905 and above 5015, buy with stop loss at 4980

market view for sept 13th 2011

Only buyers zone > 4985
Only seelers zone < 4900
buyers indecisve zone 4965-4985
Sellers indecisve zone 4920-4900

Market range 4920-4965 ;
Go long around 4920 for target of 4965, with stop loss of 4900 ; or go short at 4965 for a target of 4920 with stop loss at 4985 ;
Don't trade between buyers and sellers indecisve zone..
below 4900 sell with stop loss at 4920 and above 4985, buy with stop loss at 4965

market view for sept 12th 2011

Only buyers zone > 5115
Only seelers zone < 4990
buyers indecisve zone 5085-5115
Sellers indecisve zone 5020-4990

Market range 5020-5085 ;
Go long around 5020 for target of 5085, with stop loss of 4990 ; or go short at 5085 for a target of 5020 with stop loss at 5115 ;
Don't trade between buyers and sellers indecisve zone..
below 4990 sell with stop loss at 5020 and above 5115, buy with stop loss at 5085

market view for sept 9 2011

Above 5200 only buyers
below 5105 only sellers
5105-5130 sellers indecisive zone
5175 - 5200 buyers indecisve zone..
5130-5175 is today's range..

 

market view for sept 8 2011

potato made a down circuit yesterday, Any queries in mcx u can mail to info@mcxindia.com , the response was immediate they called me up down to bangalore to explain against the expiry of potato on 15th sept contract you can trade till 5pm on 15th but if there is any pending then it goes to delivery.

• yesterday US made a dramatic recovery but hangseng is showing down as those factors are already factored in.. Strong resistance is present in 5200 levels of nifty ( rememer twice it touched at 5200 before going up and as it is broken it naturally acts as a strong resistance point ) option sellers comfortably sell 5200 call ;
• Yesterday if u have observed, bank nifty was strong compared to nifty, in such scenarios it is always advisable to buy the strong counter in this case bank nifty rather than nifty as the return is higher in case of bank nifty

OPEN INTEREST: Highest built on 4700 put and 5200 call market is expected within this range

Put Call Ratio : 1.488
EMA(5) : 5046

PSAR defalt 4086
Advances to declines 1093 to 333

NIFTY :
ABOVE 5155 ONLY BUYERS ZONE
BELOW 5075 ONLY SELLERS ZONE
INDECISIVE BULLISH ZONE 5135 TO 5155
INDECISVE BEARISH ZONE  5075 TO 5105
MARKET RANGE 5105 TO 5135

market view for sept 7 2011

Yesterday after breaking 4972, market fell to 4931 a 10 point trial would have given a profit of 30 points on downside.. then again when it breaked the upside, at 4992, it went till 5029 the actual target ; then again you could have gone long at 5048 ;

Today's levels ;
market comfort zone is 5020 to 5100 ; 5020 is good buying point and 5100 zone is a good selling point..
5100 to 5140 indecisive zone buyers taking control above 5140 only buyers zone..
5020 to 4980 indecisive zone sellers taking control below 4980 only sellerls zone..

The interesting thing to note is 5020 is also pivot level, that being the case it is preferable to go long only (don't be short above 5020 levels and long below 5020 level )

Todays call on nifty futures

Go long above 5048, with stop loss 5029 till end of the day or auto squareoff
Go short below 4972, with stop loss 4992 till end of the day or auto squreoff

if market goes above 5029 and reverses, go short at 5029 with stop loss at 5048 ( double long ) for target 4992

same on downside that is if market goes below 4992 and reverses, go long at 4992 with stop loss at 4972 ( double short ) for target 5029 ;

once a profit of 10 points is realized, move stop loss to purchase price and trail the price by 10 points.

Edwin Lefevre

Bibliography

• Wall Street Stories (1901)
• Golden Flood (1905) 
• Sampson Rock of Wall Street (1907)
• H.R. (1915)
• Plunderers (1916)
• To the Last Penny (1917)
• Simonetta (1919)
• Reminiscences of a Stock Operator (1923)
• Making of a Stockbroker (1925)

My favorite of the authors, a peron who knew more about markets and its operators let me learn from him..

Simonetta and Making of a stockbroker are not publicly available, so let me review the important points if any from the available net..

Making of a Stock broker

First published in 1924, this book is dedicated to John Wing Prentiss, a new breed of stockbroker of that era. This fictionalized version of the other side of Wall Street covers the story of a brokerage firm from its founding through 1924 and shows how the stockbroker works from the inside and what he did to make millions without whitewashing and propaganda. This is a good teacher in a personal form where you learn a lot more about human nature and business after the age of the buccaneer but still before the great depression and security regulations which followed. 340 pages.

The book don't has market strategies, but this biography of a stockbroker can help us to understand a bit of the market's psicology and how the brokers see the trader's behaviour. Althought it had been written seventy five years ago, the people that work in the market today seems to react in the same manner that the old ones. It's a agreeable reading, but not recommended to people that look for market strategies similar to those found in Livingston's Reminiscences.

Simonetta (1919)

A delightful romantic comedy about an American Stock Broker and a beautiful Italian Woman.


Wall Street Stories (1901)