Monthly Archives: September 2013

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.

 

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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.

Nifty and Bank Nifty Technical Analysis for 13 Sept’13

Nifty as on 12 Sept’13– 5850.70 (-62.45)    Bank Nifty as on 12 Sept’13– 10158.55 (-210.55)

In last two days, nifty is making marginal high and finally turned lower settled at 5850.70, it seems that top is done, may be some few upside surprise may come, but possibility is very low. Similar is situation in Bank Nifty and CNX IT.

Nifty Trading Strategy

Shorts can be taken with proper risk adjustments.

Keep visiting Way2Profits, for unbiased view on the market.

Nifty and Bank Nifty Technical Analysis for 12 Sept’13

Nifty as on 11 Sept’13– 5913.15 (+216.35)    Bank Nifty as on 11 Sept’13– 10369.10 (+180.85)

Nifty is struggling to sustain above 5900 levels, but still it has not put down hands, making efforts to stretch further. Possibly, support from Bank Nifty and CNX IT Index can come to rescue, and even later performers metal and cement sector stocks are performing at this time.

Nifty Trading Strategy

Broadly, Nifty remained range bound in last session, neither bulls get something to cheer not bear players. Nifty moving and closing above 5900 levels, increases the possibility of further extension in prices, but there is equal probability so can’t bet conclusively. At this juncture we would like to take help of Gann Square of Nine calculator and prefer to go for Pivot Trading.

Keep visiting Way2Profits, for unbiased view on the market.

Nifty and Bank Nifty Technical Analysis for 11 Sept’13

Nifty as on 10 Sept’13– 5896.75 (+216.35)    Bank Nifty as on 10 Sept’13– 10188.25 (+226.85)

What Drives the Markets? Many a times it is big puzzle for market participants. Yesterday (Tuesday) was the day when everyone get shocked by the rally. Yes, positive undertone was very very much expected, but movement of almost 4% with gains of 216 was not expected at all. This rally has serious contribution from USD/INR, which started appreciating (INR) rapidly.

Now, bulls are in full swing and euphoria has already build up, taking any fresh longs will be much riskier, if not already long. Banking sector has not performed in last sessions rally, and which depicts weak tone, but still we expect some positive move, unless and until low of 10084 is taken away.

Nifty Trading Strategy

Nifty after making high of 5900, settled slightly below. Fresh longs can be taken above 5900 with financial stop loss of 20. But, if Nifty holds below 5900 level, then aggressive traders can take short position, risk here is, may be in Intraday volatility there could be high chance that your stop can be taken away by spikes. So, better take small bet, but don’t compromise on stop loss.

Keep visiting Way2Profits, for unbiased view on the market.

Siemens Ltd – Technical Analysis

Siemens Ltd Weekly Chart

Siemens Ltd Weekly Chart

Siemens Ltd Daily Chart

Siemens Ltd Daily Chart

This week, we are covering Siemens Ltd in our Stock”O”Week series.

Since from Aug 2011 Siemens Ltd is correcting from the highs of 950 and consistently making lower high, lower low, which signifies underlying weakness in the stock. As this stock was darling few years back to major investor community and now it lost the charm.

Technically speaking, stock is moving under major corrective C wave, but as such internals are not very obvious where we can firmly say that where and when correction can complete and fresh impulse wave will start. So it is better go by some simple tools.

Nifty Weekly Technical Outlook for 10th Sept, 2013

 

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily ChartBank Nifty Daily Chart

First of all, we sincerely apologize, as we could not publish our weekly and daily reports during last week, due to some personal constraints. We receive few mails, and which increases our confidence that few Gentlemen are really waiting for our reports. Thanks all.

Market takes us all to bumpy ride in last week. Just after dramatic fall, market cheered up with warm welcome of Mr. Raghuram Rajan our honorable RBI Governor. We’ll not take your much time on this, as you have lot to read, and lot to say. We try to analyze the market with price action, and figure out what should be our expectation and trading strategy in next week, ultimately after all fundamental gossip, only matter is how, smartly you gain out of it. We at Way2Profits, sincerely attempt to guide you.

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Few Clarifications –

  • If you are already registered then no need to 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.