Monday, April 27, 2009
Nifty to test 3500
Nifty has been in a trading range from 3300 to 3500 for the past 2 weeks. Today will be a day to see if the 3500 resistamce holds or there is a dip. If 3500 breaks then it will be a continuation of the momentum which is UP now.
Tuesday, April 21, 2009
Nifty to gap down today
US and European shares have fallen sharply after the biggest bank in the US reported a big increase in the amount it needed to cover bad debt.
http://news.bbc.co.uk/1/hi/business/8009280.stm
The news on the street is as follows:
The entire U.S. banking system is in a state of utter chaos! Among what we’re hearing:
16 of the biggest 19 banks are virtually insolvent
If just two of those banks go under, the FDIC is finished
The crisis is much bigger than anyone has admitted thus far — with upwards of $5 trillion at risk!
The recent rally in the Nifty may be just a bear rally and the momentum may change from today. Interesting times and high volatility ahead!
http://news.bbc.co.uk/1/hi/business/8009280.stm
The news on the street is as follows:
The entire U.S. banking system is in a state of utter chaos! Among what we’re hearing:
16 of the biggest 19 banks are virtually insolvent
If just two of those banks go under, the FDIC is finished
The crisis is much bigger than anyone has admitted thus far — with upwards of $5 trillion at risk!
The recent rally in the Nifty may be just a bear rally and the momentum may change from today. Interesting times and high volatility ahead!
Friday, April 10, 2009
Patience is key for Systematic Trading
On Wednesday my Nifty Intraday setup made 130 points. With 2x leverage thats 8%. In one single day.
Feb and March have been overall slow months giving about 2-3% per month. Which by itself is not bad. But April has been amazing so far and up 10% already. The thing about any systematic trading setup is to be disciplined and have patience. Over a 6-12 month horizon you will get these moves of 8-10% each which help make trading so worthwhile. Getting 50% plus a year is very easy with Nifty Intraday trading. Just manage your risk and be patient - the market will reward you.
A happy holiday weekend to all!
Feb and March have been overall slow months giving about 2-3% per month. Which by itself is not bad. But April has been amazing so far and up 10% already. The thing about any systematic trading setup is to be disciplined and have patience. Over a 6-12 month horizon you will get these moves of 8-10% each which help make trading so worthwhile. Getting 50% plus a year is very easy with Nifty Intraday trading. Just manage your risk and be patient - the market will reward you.
A happy holiday weekend to all!
Nifty in an intermediate uptrend
The Nifty on Thursday has closed above its 34 day Moving average. The intermediate trend is up. This could change but as of now the trend is upwards and positional traders should trade with the trend.
Whether this is a bear rally or bull move time will tell and these discussions are best left to the "experts" on TV.
Ours is not to reason why
Ours is just to trade...let other cry
The bear market we are in has completely destroyed the long-held belief that you can “buy and hold” your way to real wealth. It has become a short-term trading market, and those investors who understand that… and can act on it… will have a chance to prosper this year.
Whether this is a bear rally or bull move time will tell and these discussions are best left to the "experts" on TV.
Ours is not to reason why
Ours is just to trade...let other cry
The bear market we are in has completely destroyed the long-held belief that you can “buy and hold” your way to real wealth. It has become a short-term trading market, and those investors who understand that… and can act on it… will have a chance to prosper this year.
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