Monday, February 2, 2009

Good Morning, Monday

For the Nifty:
A trading range between 2700 and 2875 was on the verge of being taken out. The Nifty closed at 2874, just ready to breakout. An up move should see a pattern target of 3050, while the failure to go higher will mean that the Index remains in that trading range.
DayTraders: Possible trades (1) Gap trade: A gap down then a rally. or (2) Breakout / breakdown from intra day consolidation.
Swing Traders: It may be wise to close any long positions. If there is a breakout, a 'dip' can be used to reenter.
Position Trades in individual stocks: Not a good day to buy since most strong stocks were rallying in previous 2-3 days.
Disclaimer: These are suggestions, not trading advice. Short term trading requires large amounts of capital, ability to suffer losses and discipline. Only professional traders should be trading.

3 comments:

tushki said...

tell me sumthin on gold?????

sixface said...

hello sir is crr rate cut gud 4 banking stocks !or is it a bad news ...my question is watz the exact word that shud be noticed to find wheter its is favourable 4 banking stocks ?and wat all are the negative points that will make the banking stocks to plung ...sir still are we on an intermediate up trend !as there was a sugesstion that at 2810 levels can be a buying level where we mit get 50 points on an uptrend ..now it has broken all expectations ..one reason is dow futures ...sir 4rm where we get dow futures updated ...can we see it at our trading hours ...thanks 4 ur replie ...thaks 4 spending ur precious time 4 repling me ...

gurvi said...

You mentioned in your blog :-
"Disclaimer: These are suggestions, not trading advice. Short term trading requires large amounts of capital, ability to suffer losses and discipline. Only professional traders should be trading. "

Can you advise the Trading strategy for small investor/trader like me.

Let's say I have 100 Thousands rupees and I usually trade 3-5 tickers. Considering the T+2 cycle can you please suggest the strategy to revolve money effectively among them so as to have decent return.

Many Thanks.
Gurvinder

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