Wave Trading

Tuesday, July 31, 2012

Morning Mantra --- Nifty Future

Manual trading requires a great deal of skill and discipline. It is tempting for the trader to deviate from the strategy, which usually reduces its performance. When developing a trading strategy, many things must be considered: return, risk, volatility, timeframe, style, correlation with the markets, methods, etc. A trading strategy is governed by a set of rules that do not deviate. Emotional bias is eliminated because the systems operate within the parameters known by the trader.

Congratulation!

Good Morning and Happy Trading.

RBI will announce its first quarter monetary policy today. A majority of market participants do not expect any major policy action including change in policy rates or CRR. Risks to inflation remain from unsatisfactory monsoon. While RBI did not indicate to cut rates amid the ongoing threat of high inflation rate.

Today Market will be very volatile. Trade today very cautiously……………

Today above 5224 1^st resistance is 5236 to 5239………

If able to cross this level with volume then next vital hurdle will be 5281 to 5284………….

3^rd August, Friday we may see an unexpected level in Nifty Future.

If Nifty Future fails to cross 5224 today or just after opening touch 5236/5239 and start to fall then?????

Day’s 1^st vital support is 5181/5178/75…………

If break and start to trade below 5172 then next immediate support is 5166—5160.

If close below 5160 then we may watch panic upto 5116—5110—5104.

More reversal points for our subscribers only.

Kolkata, Bengal. 04:31 AM 07.31.2012

Monday, July 30, 2012

Morning Mantra --- Stocks

Day’s 1^st resistance levels are 1009 and 1013…………..

If cross 1013 and stay above this level then (chances are very low) next hurdle will be 1029………………

Today’s 1^st support will be 988……at opening or within first one hour if break this level then vital support level will be 974---962……..

If break or close below this level then 950 to 944 are not ruled out.

Today’s 1^st hurdle is 1329, if start to trade above this level then next hurdle will be 1933---1359.

Be cautious at higher level……………

Day’s 1^st support is 1305, if break 1300 and start to trade with volume then next support is 1288….1276……..

May touch 1263—1252 with in few hours……..

Today’s 1^st nominal resistance is 1305 to 1311……

If start to trade above 1316 with volume then will touch resistance at 1323 to 1326 with in few hours.

Day’s supports are 1277—1265—1254…………..

Try to buy at lower level………

05: 57 AM 07/30/2012

Morning Mantra --- Nifty Future

Good Morning and Happy Trading.

Tomorrow is RBI’s Quarterly Monetary Policy Announcement.

In its bid to rein in inflation, the Reserve Bank hiked key policy rates 13 times, totaling 350 basis points, between March 2010 and October 2011. The industry has been demanding rate cut by RBI to promote growth.

Trade today very Cautiously……………

1^st hurdle for the day is 5136 to 5145. If Nifty Future starts to trade above this resistance level then ….

Very vital resistance will be 5180 …

If able to cross and stay at least 45 minutes above 5181 then next tough resistance will be 5213.

Today’s 1^st support is 5092, and that will be very vital for whole day trading. Below 5092 the next support is 5056.

Below 5056 …..

………..next support for the day is 5028 ---5001…

If break 5000 level and stay below this level then very vital support is 4995---4986—4979—4955.

Last one hour of trading is vital today………..

More reversal points for our subscribers only.

05:51 AM 07.30.2012

Saturday, July 28, 2012

Replied all e-mails

Friday, July 27, 2012

Performances of the Week 23rd to 27th July'2012

All F&O calculated Minimum 2 lots and all Cash script Minimum 100 units.

Date	Script	Entry	Trade	Exit	Profits / Losses
23.07.2012	Maruti Fut.	1078.00	Buy	1087.00	+4500/-
24.07.2012	R. Capital	336	Buy	342 (2^nd target)	+600/-
24.07.2012	Nifty	5126	Buy	5145.90	+2000/-
24.07.2012	5100 PE	13	Buy	35 (next day)	+2200/-
24.07.2012	Nifty	5130	Sort	5146	-1600/-
25.07.2012	Infosys	2170	Sort	2150	+2000/-
25.07.2012	DLF	200	Buy	204	+400/-
25.07.2012	5100 CE	21	Buy	32	+2100/-
26.07.2012	Maruti Fut.	1118	Sort	1121 (Sl. Hit)[made high 1122 then just after made low 1106]	-1150/-
26.07.2012	Nifty	5118	Sort	5043 (3^rd Target)	+7500/-
27.07.2012	Nifty	5148	Sort	5126	+2200/-
27.07.2012	DLF	199.50	Buy	201 (made high 202.90)	+150/-
27.07.2012	Nifty	5176.90	Sort	5125	+5200/-
Total Profit of the Week (23^rd to 27^th July) :					+25,700/-

Just Jai Ho...

Market Decider

Morning Mantra ---- Stocks

Yesterday:

Resistance 118 made high 121

Support 112.5 made low 113

Tough resistance is 1120… made high 1125 and melt down..

Support was 1090 made low 1098

We do Believe in Perfection……………

Above 214 if trade with volume then will face resistance at 217—217—220.

Catch at opening bell………

Major supports is 201.75—199.50

Your trading stops will be 205…………….

08: 39 AM 07/27/2012

Morning Mantra ----- Nifty Future

From time to time, active trading (especially in large blocks of securities) has moved away from the 'active' exchanges. Securities firms, led by UBS AG, Goldman Sachs Group Inc. and Credit Suisse Group, already steer 12 percent of U.S. security trades away from the exchanges to their internal systems. That share probably will increase to 18 percent by 2010 as more investment banks bypass the NYSE and NASDAQ and pair buyers and sellers of securities themselves, according to data compiled by Boston-based Aite Group LLC, a brokerage-industry consultant.