Tag Archives: Trading

ALUMINIUM – 111.60

As on 28th Dec, 2012 Aluminum 1 Month MCX contract closed at 111.60.  Here I see a minor selling opportunity for risk takers & aggressive traders, risk-averse can excuse at this point in time.  I am saying because I am little late in tapping the opportunity.

Technically, prices has broken out from one and half month rising trendline, and momentum is deteriorating.  MACD is already trading with bearish convergence and RSI is tilted downwards, indicating weakness in prices.

ALUMINIUM

Traders can short on rise or at CMP keeping stop loss of 113.40, if prices breaks below level of 111.10 than prices can move towards 109.50 and lower, and if not than prices can reverse the trend and continue to move higher.  As of now, I see selling opportunity with keeping strict stop loss.

Nifty- Wait for breakout

Last week, we were of the opinion that Nifty gave initial sign of weakness, but this time it proved to be slightly premature.  During the last whole week Nifty moved in indecisive fashion.  Let’s not discuss what happened, we talk about what is next.

NIFTY AS ON 14 DEC, 2012

NIFTY AS ON 14 DEC, 2012

I start with basics,

  • Undoubtedly, Nifty moved in an uptrend, where every dip is a buying opportunity, as long as price remains above 5700 level.
  • To go long on Nifty, I need to see move above 5925, it is good sign if it closed above.
  • To go Short (for taking trading opportunity), Nifty should move below 5810.
  • From Fridays closing it appears that Nifty will move higher.

Also, don’t forget to look at our stock specific recommendations.

ARE YOU READY TO TRADE???

Since from long time my friend were asking me about trading, as they are novice for the stock markets, and still has interest to learn things about Trading & Investing.  I thought there are lot of people who falls into the same category, many got trap in unfaithful hands and loose their hard earned money, some make wise decision and stay away from the market, and some are in the process of taking decisions.  No matters in which category you are, here I try to educate you, before you start investing or trading.

Dear friend, there are two different schools in these arena, one who follows Fundamentals  of economy, industry & company specific, and other group who looks into Technical’s of price movement, keeping various other things in consideration, like time, volume and patterns.  This are two broad classifications of different thoughts, obviously, understanding of each with its Pros & Cons are out of this discussion, and which is not needed here.  As you very well know that I follow Technical’s and I like to call myself Technical Analyst.

After brief introduction, let me come to main topic – Are You Ready to Trade?

Answer to above question depends on many factors, but everything boils down to one fact, what is your understanding about stock market (here I talk about Stock Market as a general term it applies to any asset class, whether it may Commodity, Forex or for that matter Bonds.  Before going further let me ask you few question, and you please try to be genuine with yourself.

  • Have you every traded?
  • If your answer for above question is NO, than why you want to trade?
  • If your answer for above question is YES, than please brief about your past venture.
  • If you have already planned for trading, than what is your game plan?
  • You know about risk involved in trading?
  • What amount you have allotted for trading?

Based upon your answers, we can move further.

  • It doesn’t matter whether you know about Stock market or not.
  • It really doesn’t matter whether you are working professional, businessman, housewife or salaried.  Stock market is for everyone, only key is you should know you qualities and limitations beforehand.
  • It really doesn’t matter whether you know about Fundamental or even for that sake Technical’s.  Only a matter is you should have zeal to learn, learn to trade.  If you don’t have, than we are sorry we can’t help you.

If you agree upon above facts, and really want to learn and trade than feel free to get in touch with us, we assure you best of our services, we guarantee to mould you towards market.