Nifty - Technically Manipulated

We thought  this  manipulation  will  happen  tomorrow....but.......good gap up and.not sustained, first five minutes candle closed (future) at 9128.20.....

Nifty not able to cross and close 9128.20.....fully  supplied and poor intra day players assumed....like last RBI policy nifty will go up as usual....but...nifty has shown the other door.....See the below chart......see how exactly level are playing crucial role....doing trade everyday based on assumption...in one trade you will lose your capital alongwith what ever you made alreaday..

So, always wait for opportunity and trade...otherwise....your pocket will be empty one day for sure..

Take Care....

RBI Cuts Repor Rate to 7.5%

This is the second time RBI governor announcing rate cut....not in scheduled RBI meet....we are also following international (manipulation) norms...to support overseas players and least bothered about small traders....

Anyway our trade in Nifty (we are in "Buy") is not in the wrong track....so we are least bothered what RBI says and do...

Message is, in future...small investors can't believe our institution to trade in overnight positions....

Today it may be benefited for some...tomorrow it may be a disaster for traders trading without any patterns and levels...

If we go by EOD levels...this RBI news no way get affected and definitely we will not be in the wrong trend..

So...understand and trade with proper level and guidance...

Crude

Crude Interpretation / Clarification

Crude only MCX Excel initiated buy......and international price not yet initiated buy..

So...first step avoid Positional Short................

Step Two...wait for confirmation in International Price for positional Buy....we will update when it occurs...

As such just keep watch with out position in Crude....as such no clear opportunity for "Positional"

Above information is not affect / related to normal intraday Trade...

NSEL Scam - Three Bharat Magans are arrested

Three leading brokers were arrested on Tuesday for their alleged involvement in the scam surrounding the National Spot Exchange Ltd. 

Amit Rathi of Anand Rathi Commodities Ltd, CP Krishnan of Geojit Comtrade and Chintan Modi of India Infoline Commodities were taken into custody for their involvement in the NSEL scam that led to the collapse of the company.

Metals - Commodity

Refer main chart....all metals are looking to hit our downside targets sooner or later...

Take trade as per level...

Refer Main Chart...  Nickel Example chart Posted below.....for reference...

Same way you take the level and fix the targets....

All above information to educate and share the knowledge and not a trading call...

Gold

Gold Initiated Sell from top...now moving towards 26408 and 26342....

This can be used on reversal from above points with proper level.......buy can be initiated...

Above levels are for knowledge based and not a trading call.

Crude

Crude is trading above 3085....holding 3085.......no positional short.....don't carry over night short position if close above 3085.....

The above information is to share my view for knowledge purpose and not for trading call....

Take Care...

Crude

As such crude is looking weak....any one is trading in crude....the level to be watched out

3045 below...fall will be sharp....3085 above move will sharp upside (all atleast 30 minutes candle closing basis)..

The above information is to give caution if anybody is trading with out level....it is not a trading call..

Gold

Gold as told stayed above 26310, breakout and closed above 26310 on 28th February 2014 (this is was the opportunity) and today achieved top level 26688.....

Now it may react between 26340 to 26710 level...

Now wait for again opportunity

Hero Honda - EOD Stop Loss hit.

Herohonda as per level...buy initiated... and target never achieved and our EOD stop loss hit...

Our trade failed after a long time......

No regrets....we have guts to accept the failure also...

Take Care....

Hero Motor Corp

Hero Motor Corporation our report has been posted in the following link.....


http://www.niftymetals.com/login.php


Our report is based on technical level and not a trading call...


Take Care...

ITC - Beauty of Technical Level

ITC technically it has hit the top level of 409.36 for intraday move..

If somebody has initiated intraday buy on ITC in the morning it has hit the target of 409.36

However positional it was in Sell in Excel (initiated exactly) from yesterday.....again s/l positional EOD closing basis 400.30..... (ITC has been identified by Mrs.Boomi Nathan...thanks for her analysis.)

Message is Both Intraday and Positional traders as safe, if you follow the Rule and Levels.    This is the Beauty of Levels........otherwise you will invite the soup...

Take Care..

LT - Follow up

LT it has touched high of 1811.50 and it has not validated my level 1844.....so...not able to take put option.....(my plan is to Buy 1800 Put Option).

Hence, no trade again in LT......

Now LT level is not valid for coming days...this level is only for Budget Trading......

Nifty Move on Budget

The whole day simply we have watched the trend and enjoyed the budget stuff cooked by Modi and Team....

Though Nifty has traded in the Top and Again validated the Bottom.....still...on Running Budget we can't able to predict whether it will breakout or breakdown....so...kept quiet....today we have not initiated nor posted any levels on Nifty....

However...just for information.....the following post.....after market hours everything looks perfect...but..running market one should have guts to take postion in the big event like today.

We accept we have not taken any trade today...no regrets...since...we don't want to pet on anything....

Because....if we are not sure....we will not trade......we will get opportunity tomorrow...but...once you lost your confidence and money in assumption...then...you are no where....

Take Care...

Larsen and Toubro (LT)

Tomorrow my analysis for Budget...selected Larsen & Toubro for trade...

My trading points 1844 and 1617.....what will be the strategy ?.....do some homework....you will able to understand

Otherwise....ping me when budget speak starts thru g'talk...

Take Care...

Gold

Gold is consolidating and trying to corner the traders....be careful....and don''t enter into trade with out getting the level breaks as per my previous post....

My preference always in the lower side buy or breakout buy (if i will get opportunity)...and always obey the rule of money management....

The above message is share our knowledge and not a trading call.....

Take Care....