Monthly Archives: September 2013

Nifty and Bank Nifty Technical Analysis for 20 Sept’13

Nifty as on 19 Sept’13– 6115.55 (+216.10)    Bank Nifty as on 19 Sept’13– 11148.65 (+700.80)

Is it the Real Move??

Everybody is talking about sharpest rise market has seen in last few years, yes, undoubtedly move was very sharp, but we believe that move of 10 Sept’13 was quite a real, rather then yesterday’s move, where practical price range was of only 102 points, and balance was just gap up opening, so it is better to big gap day, and may be potential to show us island reversal day also, (just guessing).

Look at Bank Nifty, out of 700 points rise, real range of Bank Nifty was only 235 points, and rest almost 500 points taken away by gap. We think it is one of the kind of gap market has seen in its history (not confirmed).

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Nifty and Bank Nifty Technical Analysis for 19 Sept’13

Nifty as on 17 Sept’13– 5899.45 (+49.25)    Bank Nifty as on 17 Sept’13– 10447.85 (+168.25)

After staying dull for most of the day, Nifty gained in last 45 minutes. In fact, in the last article only we mentioned that on hourly time frame Nifty is looking slightly positive. At the same time Bank Nifty is ready to give tough fight now, and who knows it becomes perfomer now. Keep Fingers Cross. On the other side, CNX IT Index is dancing on the tunes of USD/INR movement, it seems that this stocks has lost its own identity and their future is only decided by INR movement,

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Nifty and Bank Nifty Technical Analysis for 18 Sept’13

Nifty as on 17 Sept’13– 5850.20 (+9.65)    Bank Nifty as on 17 Sept’13– 10279.60 (-88.80)

It’s CNX IT Index which helped Nifty to hold above 5800 levels, otherwise Bank Nifty and stocks remained weak during the session. Now, If CNX IT@8154 (spot) Index turns higher above 8170, then it has potential to turn positive and remain positive, but below 8100  first confirmation of weakness comes, and final confirmation below 8000 levels.

Coming to Nifty, it has supports near 5780 levels, so to see weakness in Nifty this level has to be taken away, next support comes at 5680 levels. But, in the shorter time frame, it looks slightly positive; we have to keep watch on it. Similar is the case with Bank Nifty.

Nifty Trading Strategy

Traders there are no very clear clues on the chart to take decisive bet now, it is better to wait for confirmations.

Keep visiting Way2Profits, for unbiased Daily view on the Nifty and Bank Nifty.

Nifty and Bank Nifty Technical Analysis for 17 Sept’13

Nifty as on 16 Sept’13– 5840.55 (-10.05)    Bank Nifty as on 16 Sept’13– 10368.40 (+187.95)

Somehow, Nifty managed to open Gap Up in last session, but could not sustain higher for more time. Last week’s High of 5932 was taken away, but finally Nifty closed at 5840, much below the level.

Bank Nifty also tried to move higher towards 10500+ levels, but it also failed and add on to that CNX IT Index gave away.

Nifty Trading Strategy

To us Nifty and CNX Nifty is looking weaker, but we are little skeptical about Bank Nifty, we cant overrule some further upside in Bank Nifty, although there will be a tough fight, but generally Bank Nifty always gives unexpected. Nifty on holding below 5870 can test 5700 levels.

Keep visiting Way2Profits, for unbiased view on the market.

Gold Technical Analysis from 16 Sept’13 Onwards

Gold MCX Daily Chart

Gold MCX Daily Chart

Gold Index Daily Chart

Gold Index Daily Chart

At Way2Profits, we received few request from our readers to start weekly technical analysis on Gold, so we are attempting to give weekly outlook on MCX Gold. We hope our readers will find it useful.

As show in attached, Gold in International market, after forming a rising channel from July’13 onwards, gave breakdown in last two trading sessions. Although, it started correcting after posting a high of 1433 in the end of Aug’13 itself.

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Nifty & Bank Nifty Weekly Technical Outlook for 16th Sept, 2013

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Learn the Lessons,…

Last week market traded only for four sessions, and Tuesday opening was quite an interesting, in fact it was quite a surprising day with such smart close (at least for us), but subsequent action was little discouraging for fresh longs, which were build during euphoric moves. Many a times we learn this lesson, but every other day we ignore and get carried away by ecstatic moves, and if we miss the chance then we blame ourselves or if we have a chance to blame other then we burst on someone else. But does that signify quality of good trader? Why we forget that, if not today then you have tomorrow, market is not going anywhere.

Lets examine last weeks move and based on that anticipated price action for coming week.

 

To read full report, just register here and get report in your mail box absolutely free.

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Few Clarifications –

  • If you are already registered and receiving newsletter in weekend, then no need to re-register, again, you’ll receive report timely.
  • If you are registered for daily reports then you need to register here to get full weekly report.

Option Alphas – Keep It Simple Silly

Many of our readers ask us about logic behind Option Alphas. To answer their query we have to go little deep inside.

Stock Markets is for Losers??

From last couple of years, gradually Investors are running away from Indian Stock Market, and it is not our statement, but it is well observed and critically examined fact from turnover of the exchanges, where deliverable volumes are decreasing on a substantial note, which is really worrisome factor for the stock markets which reflects nerves of Indian Economy.

Why, investors are running away from the market? We try to answer this question.

Lack of Capital to Invest:-

There is community who are really interested in investing and trading in the market, but in reality they don’t have source of fund, or some extra savings which can be invested in the market. Reasons could be, In hand income is less to part away for investments, Overspending, expensive lifestyle.

Lost Hopes from the market

We believe there is bigger chunk of people who actually lost hope from the market, because in past they have already burnt their hands and now don’t want to fall in to trap again (that is what they believe).  Or there are people who are already invested in the market, and actually waiting for their price to comes. In last few years, Investors are being cheated by many Brokers, by giving wrong advice or being trapped by organized way of speculating in particular stock.

PMS – Promises Made to Suck your capital

PMS – Portfolio Management Services, turned as False Promises Made to Suck your capital. Yes, this has also ruined the confidence of value investor.

Wrong Decisions

And there are people who made Wrong decision at Right Time to get stuck in the market, by their own, and nobody can save them.

If we examine above facts then, one common things strikes, firstly desire to earn something more (obviously) and next absence of right information and proper guidance. In earlier years, we also faced the same situation, and frankly lost good amount of money (which was from our own savings, although little but it was good amount for us), and after which we took Sanyaas from the market, like many of other, and keep on learning the facts. During this time we came across many complex ideas to earn from the market, which has taken toll from us in terms of time, and ultimately result was zero. What we learnt from this experience is to follow KISS formulas (Keep It Simply Silly) and based on that we formulated service called Option Alphas, where we focus on some simple trading strategies to earn from the market, and we kept our pricing so low that anybody would like to give chance, and as our experience says any subscriber who has opted for our one month service has taken our 3 months or 6 months subscription plan, as they find it one simple way to earn from the market. Within this product neither we make any big promise or toll claims, our performance speaks in itself. So if you are fed up with taking Stock Tips, and losing your hard earned money, then we advise you to subscribe for our one month package and see the difference.