1st June 09

Hi,

From today my new website has gone live, please check the link www.tradewithhunter.com , register... its free for first month !!

Cheers
SH

22nd April 09 - and the profits continue

We made more money in last 3 -4 days... our total profits now since 1st April 09 to date are Rs 1,98,300

Cheers
SH

17th April 2009 - profits continue...

profits continue to pour in.. my private blog readers (and me) booked 22000 Rs profit in a single day on trading just 4 calls on Friday, 17 April 09.

Total profits from 1st April 09 to date are 1,82,000.

Cheers
SH

16th April 09 - closed calls booked 40000 more profits

and the profits continue... 4 more swing calls closed with a net profit of Rs 40300 making the total profits since 1st April 1,59,900.

Cheers
SH

9th April 09 closed swing calls - booked 60500 profits

and the profits continue.......in my private blog 3 more swing calls were closed on Thursday giving Rs 60502 profits. Hence in the first 10 days itself we have booked Rs 1,18,490 profit in our swing calls.

Please email me at stock.hunter@yahoo.com for more details.

Cheers
SH

6th April Closed calls - booked 58000 profit

Hi all,

My private blog has started with a big bang, gave 3 swing calls on DLF, BHEL & RelCapital futures. All of them were booked timely on markets highs and Rs 58000 profit earned in just 3 days.

.... will share the results on more swing calls later when they are closed.

If you want to join my previate blog, please email me your details.

Cheers
SH

1st April post (yesterday's)

Copy on yesterdays post from my invitation only blog.

Hi,
Yesterday NIfty rallied for most of the day before giving up all gains suddenly and closing weakly. I held on to my swing shorts in Nifty and added more at 3050.Today might be a gap up again looking at asian markets and it will be a good opportunity to add more shorts.I am still looking at 2920 as my T2 target.

All other swing calls have achieved T1 .. only DLF open.

DLF made a low of 154 yesterday, just 2 points away from my swing target of 152.

Intraday magic numbers
NF - 2917, 2953, 2990, 3025, 3070

CheersSH

1st April 09

Dear all,

From today I will not post my premarket blogs here on this site. Some miscreants are copying them shamelessly everydays and are now even trying to start a paid service using my calls.

However, I am starting a new blog which will strictly be 'INVITATION ONLY' where I will post my premarket calls and swing calls from today. To limit readership to select few genuine traders I might require some personal information like phone numbers, real name etc before I grant access.

In case your are interested, please email me on stock.hunter@yahoo.com with following details:
1. Real Name
2. Telephone Number
3. IP Address of the computer you use

Once I have recieved the above details, upon my discretion, I will grant you access to the new blog.I will continue to update this blog with information on calls that are already closed so that no one can use them in live markets.

CheersSH

31st March 09

Hi,



Nifty opened at 3061 yesterday, made a high of 3066 which was just below my M3 levels yesterday. This was a gap down which meant my swing shorts from friday (initiated at 3075 averaged at 3125) straight away moved into profits. Since markets opened below my M3 i held onto the swing shorts and booked them partially as they kept falling. I am still holding small swing shorts in Nifty.



It was a great day for my other calls, Bank Nifty achieved T2 yesterday itself and the call is closed.

Relinfra achieved T1 of 525 yesterday itself. NOw on target for T2 475. Please keep TSL as 530.

NIfty - Achieved T1 yesterday and is on track for T2. TSL now is 3030.

DLF - hit 170 SL hence should be shorted now with TSL 175.



Will add some more calls tomorrow on swing.



Intraday Magic numbers for today

NF = 2910, 2944, 3002, 3040, 3088



Cheers

SH

30th March 09

Dear Friends,

Please refer to my weekend post on my swing calls.

US Markets on Friday closed deep in red and today asian markets are in red. Nifty should also open weak today and hence my shorts from Friday will start moving to profits.

Intraday Magic Numbers
NF = 2992, 3025, 3072, 3110, 3156

Cheers
SH

Fresh Swing Calls

After good success with my previous swing calls, I am posting fresh swing calls for the next 10-15 days.

Please note that all my SL's are reversible i.e If the SL is hit for longs, existing longs should be closed immediately and new shorts should be opened immediately with a fresh SL as quoted by me. In worst case scenarios the second SL might also get hit (for shorts in this case) however it means fresh longs to be opened again as per original position with same SL.



Remember - if you follow the rules and reverse your positions everytime an SL is hit - you will make huge money - just dont lose the trust (I know it hurts a lot when you stop trading the third trade after 2 SLs are hit and you see the third trade which you didnt take goes and hits the target) . Remember, since my SLs are small just 1 winning trades is enough to cover to cover any losses due to SLs.



Also - Partial Profit booking is important once the call moves in profit....!



With above in mind, I am giving my fresh swing calls for next 10-15 days. Some of them will achieve the target faster than others, but 90% of them should achieve them in next 3-4 weeks.



BankNifty - CMP 4400. Short here at 4400 with 4450 SL for targets 4200/4050. Above 4450 long with SL 4400 for targets 4600/4800.



Nifty - CMP 3120. Short here with SL 3155 for targets 3000/2920. Above 3155 long for targets 3270/3450



DLF - CMP 182. Buy at 182 SL 170 for targets 200/220. Below 170 short with SL 182 fir targets 152/130.



Relinfra - CMP 567. Short at 567 SL 580 for targets 525/475. Above 580 long with SL 565 for targets 650.



I will add more calls as i see nice setups building up.



Cheers
SH

27th March 09

Nifty continued it's bullish run yesterday too and closed around my M5 levels . I closed by swing longs yesterday at closing since i anticipate at dip to 3000-3025 atleast once in coming 3-4 days. I would add swing longs again when that dip comes.

People who remember my channel strategy posted on my blog earlier, they will find Nifty has closed right atthe top channel wall .. we are in a state of hysteria .. and any higher opening today can be shorted .... but if it rallies more people can freely add to shorts at every 50 point rise....

Overall though, the above dip notwithstanding, I am still bullish in the medium term.

Swing calls on stocks to follow soon today.

Intraday Magic levels for today
NF = 2990, 3025, 3075, 3110, 3135

Cheers
SH

26th March 09

NIfty continued to show it's bull power yesterday by closing at day's highs. However, as usual expiry days are, yesterday it gave wild swing both sides without giving any sustained trend hence hitting SL's on both sides for intraday players.

I personally gave 3 intraday calls , 1 was profitable and 2 hit SLs hence my intraday ledger got slight drawdown yesterday. There is no reason why today would be a trending days since the option writers would try keep Nifty still so that ATM options expire worthless. I will refrain from intraday trading today and would advise the same to all my readers. However in case I see a low risk/high probability trade, I will trade with small position size.

From a swing perspective nothing bad in continuing to hold your longs, I anticipate a dip later today or tomorrow to 2920-2950 levels again where more longs acan be added. SL continues to be 2910 on a closing basis.

After this expiry, I will post my fresh swing calls on stocks.

Intraday Magic levels for today
NF = 2935, 2962, 3015, 3045, 3088

Cheers
SH

25th March 09

Nifty continued it bull run yesterday. It opened and moved above 2982 quickly (My M4), made a high on 3015 (5 points above my M5). As predicted in my yesterdays blog, it later corrected to make a low of 2915 (almost to my M2) so anyone who just trades based on my magic numbers should have definitely made money first in long and then in shorts later.

I gave 5 intraday calls in SB yesterday, all successful. The win to lose ratio is now 10:1 in last 3-4 days.

From a swing perspective: SAIL achieved 97, SBI achieved 1080, Unitech achieved 29 & DLF achieved 177. Infy hit SL of 1350. BHEL made a high of 1464 hence the call is still open.

Nifty has closed above 2925 yesterday so I am still bullish on it. Today asian mkts are all in red so we might open with a slight gap down.. if we continue to trade below 2925 today I will close my swing longs of nifty opened at 2925 day before yesterday....

For stocks, I will post my fresh swing calls later today.

Intraday magic levels for today
NF - 2850, 2892, 2951, 2986, 3020.

Cheers
SH

24th March 09

Markets gapped up yesterday handsomely tracking the Fed's move and continued to rise at 45 degrees throughout the day. On Nifty, as per my blog yesterday, the swing longs should have been booked at 2850 and 2900 yesterday. From 2717 we longed hence this swing call is now closed with around 200 points profit per lot.

For me its still a bullish swing hence no swing shorting yet. We can think of shorting either below 2790 or around 3100 levels with 20 points SL. Nifty looks to gap up today as well tracking yesterday's strong US move but I foresee a dip to 2900 -2920 levels later today or tomorrow here NF can be bought again for the next swing.

In SB I gave out a half-hearted intraday short call which hit a small SL , taught me a an invaluable lesson of not to give in to pressures and give out half hearted calls.

From a swing perspective :

BHEL opened at 1415 straightaway at the opening bell hence the buy call is triggered now with SL 1390.

Infy - shorts at 1330 should have been initiated with SL 1350.

L&T - hasnt broken 570 hence call null and void now.

SAIL - buy call has started rocking with SAIL making a high of 96.95 yesterday. Today at gap up it should go above 97 hence traget met call closed.

SBIN - Achieved target 1 of 1020. Now stage is set for traget 2.

Unitech - Closed at 28, only one point away from my target now.

Relinfra - Old swing call, target achieved of 510 today.

Relcap - This was the most amazing call, achieved swing target in one hour. Gave a call in SB for it and it zooomed.

Todays magic levels
NF = 2865, 2907, 2947, 2982, 3010

Cheers
SH

23rd March 09

Markets gapped down on Friday and fell earlier in the day to make a low of 2765. This was close of the point (2760) where i had suggested to add back longs to the existing ones from a swing perspective with 2740 as SL on Friday. For the the swing is still bullish until the charts suggests otherwise. Please keep holding the longs with 2740 SL .... book partial longs at 2850 today and rest near 2900 if it comes. TSL once 2850 is achieved becomes 2790.

From an intraday perspective, markets opened at my M3 (2788) and slowly fell to close to my M2 (2765). From their it took support and went back up to M3 again quickly (2788). It went even above M3 and closed between M3 & M4. The followers on my magic numbers could have played all these swings.

In SB I gave two intraday calls on NF both successful earning 114 points (INR 5700) on 4 lots (investment of 1 lakh). In last three days I am 310 points plus (INR 15500) on an investment of 1 Lakh.

I have also posted my swing outlooks on a few stocks yesterday in case anyone is interested in trading stocks. I will add more as and when i see good setups developing in other stocks.

Magic numbers for today
NF = 2740, 2788, 2834, 2842, 2872

Cheers
SH

21st March 09 - Swing views on stocks

Posting my swing recommendations on a few stocks i follow (CASH LEVELS). I will add more when i see good setups.

BHEL - CMP 1378, Short here and more at 1390 with SL of 1405 for targets 1310. Above 1405 buy with SL 1390 for targets 1480/1500.

INFY - Short if reaches 1330 levels with SL 1350 to targets 1250. Above 1350 long with SL 1330 for targets 1420.

L&T - Short if breaks 570 levels with SL 575 for tragets 540.

SAIL - Buy at 88-90 with SL 86 for targets 97.

SBIN - Buy at 954 with SL 925 for targets 1020/1080.

Unitech - Buy at 26.90 with SL 25.50 for targets 29.

Cheers
SH

20th March 09

Hi,

Yesterday at gap up at 2800+ levels were where 50% of your longs should have been booked. Markets fell like nine pin after the gap open to touch 2757 and from there rebounded in the last 2 hours to close where they opened.

From a swing perspective, I am still bullish on this swing. Please continue to hold longs and add more if it falls to 2750-60 with a strict SL of 2740.

I gave only one intraday call on NIfty which meant a profit of 70 points (Rs 3500). So in last two days total profit of 196 points or Rs 9800 (gross of brokerage).

These calls are being given by me in SB (Shout Box) on www.icharts.in since yesterday. I am flooded with requests to provide these calls on YM or on mobiles however the problem is while I am in office I dont have access to YM. Probably I will need a window based phone from which I can send YM messages to my friends on their desktops and mobiles. If anyone has any idea on what's the bext (and most economical) way to do it please email me on stock.hunter@yahoo.com.

Intraday Magic levels for today
NF = 2727, 2762, 2788, 2827, 2855

Cheers
SH

19th Feb 09

Hi,

Yesterday as expecte markets gapped up and continued its bull march to 2830 ... I said in SB during trading hours when mkts were around 2820 that we will get an inverted hammer on EOD charts and thats exactly what we go on EOD. In any case swing longs initiated yesterday should be sitting with profits now.

In case its gap ups today, please book 50% of your holdings at gap up and for rest put the SL at your entry point.

I started giving intraday calls in SB from yesterday, gave 2 intraday calls both gave nice profits of 69 and 57 points respectively. I have started recording my intraday calls in icharts forum thread. Check it out if you have time....

as you can see my magic levels did well, NIfty kept oscillating between my M3 and M5 yesterday again. Hope they are proving to be useful guideposts to traders reading this blog? Please leave your feedback as comments so that I can continue positing these levels.

Magic numbers for today
NF = 2730, 2755, 2795, 2820, 2855

Cheers
SH

18th March 09

Hi Friends,

excellent day yesterday for intraday, NIfty opened between my M3 & M4 ..... fell to 2751 (near M3) , bounced from there to 2803 (near M4) ... then fell non stop to 2745 (M3) again .... and finally closing at 2751 (near M3). The followers of my intraday numbers should definitely have made profits in longs and shorts both.

From a swing perspective, the dip FINALLY did come on Tuesday and as suggested by me longs should have been added yesterday.

NF magic levels for today
NF = 2680, 2714, 2765, 2796, 2840

Cheers
SH

17th March 09

Nifty continues to show its strength and a nice bullish swing is now underway. The dip which i was expecting to come should come today ... not to 2650 now but to around 2700. If that comes, one should go long immediately or add more longs.

On intraday, NIfty opened between M3 and M4 , gradually moved to M4 later in the day and then crossed and and successfully reached M5 and closed thereabout.

Today magic levels
NF = 2665, 2715, 2745, 2808, 2835

Cheers
SH

16th March 09

NIfty closed +ve on Friday which was a signal to go live for swing. First target is 2790.

IF Nifty gaps up today, you can look at booking profits as I foresee a dip either kater today or tomorrow to 2650 levels before Nifty rises again.

Magic levels for today
NF = 2620, 2665, 2690, 2745, 2775

Cheers
SH

15th March 09

Please do not miss on my RSEX thread on icharts.....

http://www.icharts.in/forum/viewtopic,t,1358.html#4458

Cheers
SH

13th March 09

Hi Guys,

Yesterday markets kept oscillating between my M1 & M3 levels and should have given enough points on both sides.

From a swing perpective, if we get a positive closing on EOD charts, please open swing longs. I would also like to share my personal method of trading swings which ensures massive returns....

For each swing, I trade 4 lots. I book incrementally i.e book 1st lot at 2.5% returns, 2nd lot at 5% returns, 3rd lot at 7.5% returns & last lot at 10%. We might have to exit all lots in between if an opposite signal comes.

For eg If I have shorted 4 lots at 3000 ... I will book 1st lot at 75 points profit, second lot at 150 point profit, 3rd lot at 225 points profit and last lot whenever i am getting 300 pointsIn case we get a reversal signal after 150 points... we will book all 3 at 150 points each and go long....

So remember ... if its closing as a green tick today on EOD go long!!

Intraday magic levels for today
NF - 2570, 2605, 2635, 2665, 2690

Cheers
SH

12th March 09

Hi all,

Hope you had a nice few days off from the markets and enjoyed your Holi to the fullest.....

Last 2-3 days have been very good for the global markets since after making new lows they started recovering... this is a technical bounce and the overall trend remains down. However these bear markets rally are quick and fast .. so worth riding and exiting as soon as you are in profits.

Today NIfty might gap up by 3% or more as suggested by SGX. I would for day end and square off shorts and open longs if it is about to close above 2630.

Out of the 4 stock calls, SBI and RelCap have achieved their swing targets. The rest two calls, bullish on Relinfra & Bearish on Infosys are still active.

Intraday magic levels
NF - 2570, 2610, 2635, 2662, 2680

Cheers
SH

09th March 09

Hi Friends,

I was travelling since Thursday evening, visited Mumbai and from there Shirdi. Returned yesterday night hence couldnt write my blog or keep a track of the stocks.

Mkts crashed on Thursday without any rhyme and reasonand recovered slightly on Friday to close at around 2620 which is a resistance zone now. I will wait for teh mkts to open today and change my stock positions accordingly. If mkts stay below 2630 today I will open Nifty shorts with 2630 SL .

On the calls though, Relcap long had hit 6 point SL in longs but after that the short with SL 325 has achieved the target of 290 in no time.

SBI long also hit 10 point sL at 965 however the short at 965 is in profit. It made a low of 911 on Friday which is a shade away from teh target of 900.

Relinfra is still hlding above 440-445 hence still bullish.

Infosys still below 1230 hence still weak.

Intraday magic levels
NF - 2490, 2550, 2590, 2643, 2678

Cheers
SH

05 March 09

It ended up to be a lucky move to hold on to the longs for a day more. Nifty closed above 2600 yesterday hence I am still in longs. yesterday opened longs in ICICI, Relinfra, Rel cap and a short in Infy. SBI can be longed today with an SL of 960.

Intraday magic numbers
NF = 2595, 2620, 2655, 2675, 2710

Cheers
SH

04th March 09

as expected, Nifty continues its downward trend. Swing shorts should have been booked at 2630 yesterday and swing longs should have been opened at those levels with 2600 SL . I planned to square off my swing longs at 2600 and open swing shorts again at 2600 with SL 2630 for tragets 2400-2450 however hiven NS was still trading above 2600 I decided to give my swing longs today as well to see in case NF bounces above 2600 today. If NF does bounce above 2600 today I will keep 2590 as strict SL.

Yesterdays magic numbers made a huge impact, I shorted at 2665 (my M4) with SL 2675. Once it broke 2645 (my M3) it was a non stop ride to my 2685 (M2). I had exited swing shorts at 2690 though.

Todays Magic Levels
NF - 2520, 2550, 2590, 2625, 2655

Cheers
SH

3rd March 09

Nifty cracked yesterday as expected and closed on its days lows. It closed below the channel line today and one more close below the channel line today can make us go below 2500 in coming days.

All global indeces have made a new low as compared to Oct 08 lows and I wont be surprised if NIfty follows suit.

My swing targets of 2630 was achieved yesterday for shorts initiated at 2850. Thats a clear 220 point profit on swings. However I had booked my swing shorts at 2650 and bought some 2600 puts out of the profit.

Today if it does a small gap down and NF holds above 2600-2610, I will try and go swing long with 2590 as SL for targets 2790.

Below 2600-2590 I will go swing short for targets 2500/2450.

Yesterday, intraday magic levels also played very well with NF opening below M3 levels and closing slightly below M2 levels.

Intraday magic numbers
NF - 2585, 2605, 2645, 2665, 2695

Swing recommendations
Besides NF swing views shared above, some views on stocks (all cash levels).

1. Infosys - above 1230 long with SL 1215 for targets 1300/1330 in coming days. Below 1220 short with SL 1230 for targets 1150/1120.

2. REL Capital - Buy around 324-320 with 318 as SL for targets 380 . Sell below 322-320 with 325 as SL for targets 290.

3. Relinfra - Buy around 440-445 with 435 SL for targets 510. Sell below 440 with SL 446 for targets of 400.

4. SBI - Buy around 970-975 with 965 SL for targets of 1050. Sell below 965 with 975 SL for targets of 900.

More to follow as and when I see the right setup and levels.

Cheers
SH

2nd March 09

Hi, Need to rush out for something important hence keeping todays blog short and succinct. Nifty remains in weak zone along with global markets hence as suggested by SGX Nifty we should have a gap down of more than 50 points.

On Friday I had booked my swing shorts at 2680 and re-opened them at 2740, this was shared in SB on Friday. Hence my swing shorts are from 2910 now instead of 2850. However that was purely intraday game hence if someone didnt do it its still ok.

Swing positions - Hold NIfty shorts (initiated at around 2850) last month with TSL of 2800 now for targets of 2630.

Intraday Magic Numbers
NF - 2595, 2630, 2680, 2725, 2775.

Cheers
SH

RSEX strategy

Dear friends,

Being a weekend I decided to share on more strategy I use so that it can benefit you all. Besides my swing levels and intraday Magic levels, I also follow an indicator currently available only on Icharts called RSEX.

I have written exhaustively in the forum (link below) under strategies to help both swing and intraday traders. This post of mine by the way has also become the highest read trading strategy in Icharts within just 2 months of its start and I am getting a lot of thank you notes from across the continent for sharing the strategy since it is making their ledgers turn profitable. I have decided to share more knowledge now through my blog.

Thanks to icharts for this wonderful indicator. Please follow this link for the post and try and read it from start:

http://www.icharts.in/forum/rsex-strategy-posted-on-popular-demand-t1358.html

Cheers
SH

CBOX deleted due to imposters

Dear Friends - I have deleted the CBOX/Shout box from my blog with immediate effect. This is becuase someone has imporsonated as 'SH' and posted comments in Cbox saying some blogs are group blogs of this one.

Please note I write only this blog hence bookmark this blog address. I DO NOT write any other blogs hence please dont fall in any trap ....

Also, all genuine readers of my blog please add yourself as a 'follower' of this blog and send me an email on stock.hunter@yahoo.com confirming your email ID. After some time I intend to make this blog 'invitation only' to keep unknown trouble makers away from my blog.

In case you want to ask any questions... please leave your comments on my post and I will respond.

Cheers
SH

27th Feb 09

Yesterday NF made a high of 2786 and a low of 2730 which fitted nicely between my M2 & M5 levels. I hope people traded it both ways intraday.

On a swing basis, NF in Feb has not been hitting my 200 points targets as it has been ranging in a tight range throughout the month. My shorts initiated at 2850 levels did see 2660 but did not hit 2630, and now we are sitting at 2780. In any case, like a desciplined trader I would stick to my plans and hold NF with SL 2880. I will add more shorts at around 2825-2850 (these are the shorts that i booked partially with 100 points profits earlier).

Magik levels for today
NF = 2730, 2761, 2802, 2827, 2860

Cheers
SH

25th Feb 09

I was not well yesterday hence could not update my blog in the morning before the market opened.

On 23rd Feb NF did make a low of 2675 however reversed from there because of the new excise and duty cuts announced by the govt. Technically we saw a lot of rollover as well (40%) which . pushed march series in deep discount but bouyed the Feb series NF.

Above chart shows how on 23rd the channel line was broken downwards but it pulled back and closed again in the channel. It is still in the channel hence remains rangebound. However there is a strong possibility that this channel will be broken in March series now giving a huge trader rally on each side. I expect the first rally to be downwards and then probably once all bears are trapped a run in opposite direction.

Yesterday was a continuation of that rolloover and today can be a brokers day as it usually is on expiry day. I would advise all to stay away from day trading and if one is still holding Feb series shorts they should ne rolloed over to March. I would advise buying March series 2800 put today on any rise with SL 2880 on NS.

Todays magic numbers for NF

NF = 2716, 2735, 2758, 2785, 2808

Cheers

SH

24th Feb 09

After a long weekend Indian mkts are being greeted by global bears with red ticks on all indeces. DOW and S&P have been falling like nine pins in the last few days. On Friday we saw some sort of pullback in the Nifty which excited a lot of bulls, however I saw it as discounting of the Monday rally that happened yesterday while Indian Mkts were closed.

Today with all global bad news, we will open gap down and my target of 2630 might get achieved today itself. At 2630-40 I will think of initiating a smal buy with 2610 SL.

todays gap down will also mean I will be able to achieve my swing targets on the remaining 3 open calls. I have been very pleased with the results of my stock calls, out of 11 calls 8 will achieve its target profits of 10-20% each whereas only 3 would have hit 2-5% SLs. For next month I will try and play these swings on stocks with options.

Magic numbers for today
NF = 2630, 2662, 2691, 2725, 2752

Cheers
SH

20th Feb 09

As anticipated, yesterday was a green day again however I could not add fresh shorts to top up my existing shorts since Mkts didnt reach 2800 levels.

From an intraday perspective, NIfty stayed trapped in my M3 & M4 levels yesterday hence everytime it reached my M3 levels I was longing intraday since I didnt see any downside to Nifty yesterday... generated nice 4 trades intraday for 15 point each.

Today, as expected again will be a DOWN day and I expect next week to get worse. I will continue to hold my swing shorts (initiated from 2850 levels) for targets 2630. I will add more shorts if I see 2825-50 levels again next week (though very remote chance). At 2630, I plan to book 220 points profit and open a swing long with SL 2600 ... If my 30 point SL is hit I will get back into shorts again with SL 2650.

Today's Magic Numbers
NF = 2705, 2734, 2765, 2780, 2805

Cheers
SH

19th Feb 09

yesterday was a day as if I had already seen it happening in my dreams, as anticipated a gap down happened and recovered immediately.. I longed at the gap down and and earned 25 points in no time. Also, the prediction of a green closing also came true.

Magic levels worked well as well, the intraday NF high made was around 2793 (my M4) and Low was 2730 (2728 was my M2). So I made money in shorts as well as longs during the day on an intraday basis.

Today i anticipate another green day for NF however I will continue to hold my swing shorts and add more if NF reaches 2800-2825 levels.

Intraday Magic levels.
NF= 2700, 2730, 2765, 2799, 2830

Cheers
SH

18th Feb 09

As expected by me yesterday the breach of trendline at open meant more downside. It was a day completely dominated by sellers yesterday and and there was no respite on offer for the bulls. Intraday, once it slipped below 2790 it never saw the daylight and kep falling until 2750. I was not expecting NF to go below 2750 but it surprised me by going down to 2742, however in the end it did pull itself up back to close above my M1 at 2752.

Our swing shorts should be around 100 points plus now and I will continue holding them for 2630 target with SL 2900 again. Today I was expecting a slight gap up however global cueues seems to suggest a small gap down. I would advise people and intraday trade at open - buy if it gaps down and starts to recover in first 10 mins .... for easy 25-30 points.. NF should fill the gap once. keep SL 10 points.

Nifty can end up green today in the end and probabaly tomorrow as well to show us 2800 range once again, it will be a good opportunity to add more shorts.

Magic levels for today

NF = 2699, 2728, 2770, 2793, 2859

Cheers

SH

Swing views on stock - status on 17th Feb closing

BhartiAirtl - Bharti has advanced to 673 now from 665 and is on target for 700 with SL 635 now. New buyers should wait for a dip around 650 (if it comes) and buy there. Update - 15 point SL (2%) hit on Bharti yesterday.

BHEL has achieved its target of 1430 (40 point gains). CMP 1447, short if it keeps below 1450 with SL 1455. ABove 1450 please long for targets of 1500-1525 with SL 1440. Update - BHEL closed at 1381 yesterday hence 63 point (4%) profit on BHEL besides 30 points earlier... target achieved.


CAIRN - CMP 162. Please short at these levels SL 166 for targets 145. If trades above 166 please long for targets 185 with SL 162. Update - Update - CAIRN closed at 154 so on target for 145 target.

ICICIBANK - This scrip has been oscilatting both ways unfortunately hitting my small SLs both sides hence increasing the SLs on it slightly now. CMP 435, Please sell below 430 SL 445 for targets 350. If trades above 435 buy with SL 400 for targets 500. Update - ICICI closed at 385 yesterday and is on target of achieving 350.

JP Associate - Has risen now to 76.50. Please sell around here and more around 79 with 82 SL for targets 60-65. Above 82 buy with 78 SL for targets 95-100. Update - JP touched 66.40 yesterday and should reach around 65 at today's open itself hence 14 point (18%) profit should be booked, target achieved.

Maruti - Maruti looks bullish. CMP 632. Buy on dips near 615 with SL 605 for tragets of 650. Below 605 sell with 615 SL for targets of 560. Update - 10 point (1.8%) SL hit on Maruti - now a reverse short should have been initiated.

Relinfra - After hitting a 7 point bullish SL, Relinfra should have been shorted at 570 as per my post . Relinfra CMP is 541 hence 29 point profits and still counting. Update - RELinfra closed at 518 yesterday hence paper profits of 52 (9%). Its still on target for 480.

RPL - Should have been shorted on Tuesday when it made a high of 89 as per my post. CMP 87. Please short if it again rises around 90 with SL 92 for targets 75. Above 90 slong for targets 105 with SL 88. Update - RPL also plunged yesterday and closed at 82. Peper profits of 7 points (9%) and on traget for 75.

SAIL - looks bullish. CMP 88. Buy here and more near 84 with SL 80 for targets of 95. Below 80 please sell for targets of 70 with SL 82. Update - Sail closed at 82.80 and call is still active.

SBI - CMP 1158. Please sell on rise around 1200 with 1220 SL for target of 1050. Above 1220 please long for targets of 1320. Update - SBI soared to 1200 a few days back and a sell should have been initiated. It closed at 1098 yesterday and is on target to achieve 1050.

Sesagoa - CMP 97. Went above 99 upto 103 but reversed and hit 2 point SL of 97. Now one should be in shorts with SL 103 for targets on 86. Update - Sesagoa made a low of 85.15 yesterday hence achieved my target of 86 which is 11 point profit (10%).

Cheers
SH

17th Feb 09

A suspected by my the interim budget failed to offer any goodies to the market and it did prove to be a big DOWN day. I hope people who were long in NF closed their long positions as suggested by me in the morning and shifted to 3000 CE which would have meant that they would have only lost 10-15 points in calls when the 2870 SL was taken out. For intraday moves, again as suspected by me my M1 was taken out convincingly to a non stop ride to 2820. If you see how the EOD charts are developing (above) mkts closed at the trendline but is still in the broader channel. Today I suspect that mkts will gap down due to negative global cueus which will mean a breach of this trendline hence more downside. I had opened swing shorts at close of day yesterday since it was closing below 2880.

Magic numbers for today

NF = 2750, 2790, 2860, 2894, 2965 (today my M1 & M5 should not be breached)

Cheers

SH

16th Feb 09

As mentioned on Friday morning, I was correct in anticipating that Friday would be the day when my M1 and M5 both were in danger to be broken convincingly. Nifty closed yet on a strong note on Friday despite bad global cues which was an indication of the fact that some goodies are being expected by the mkts from the interim budget today. There are already talks of tax breaks, STT changes and lower interest rates doing rounds in south block (and in every trader's room) so today can be one of the big 'DOWN' days if the inetrim budget fails to deliver these goodies. I also didnt like the fact that NIty gave up 30-40 points in last 30 mins which was indicative of some long positions being unwinded at the last moment... not a very comforting sign for bulls is it?

I would suggest NF holders to book profits at the open and switch to 3000 calls for atleast today. Techinically we are still bullish and NIfty can touch 3100-3160 this week itself.

Magic Numbers of today
NF = 2900, 2925, 2951, 2974,3000 (again today 2900 or 3000 might get taken out)
Cheers
SH

13th Feb 09

Despite global bloodbath, Nifty managed to stay above 2860-70 which are the levels I am looking at to hold for my swing buys. Intraday it kept on miving between 2881 and 2914 and should have given multiple opportunities to all to make money both ways.

Today, If Nifty closes below 2860-70, I will close my swing longs and open my swing shorts. There is a good chance of NIfty to breakout below my M1 or above my M5.

Intraday magic numbers
NF = 2845, 2865, 2891, 2915, 2940

Cheers
SH

Swing views on stocks - continued...

BhartiAirtl - Bharti has advanced to 673 now from 665 and is on target for 700 with SL 635 now. New buyers should wait for a dip around 650 (if it comes) and buy there.

BHEL - BHEL has achieved its target of 1430 (40 point gains). CMP 1447, short if it keeps below 1450 with SL 1455. ABove 1450 please long for targets of 1500-1525 with SL 1440.

CAIRN - CMP 162. Please short at these levels SL 166 for targets 145. If trades above 166 please long for targets 185 with SL 162.

ICICIBANK - This scrip has been oscilatting both ways unfortunately hitting my small SLs both sides hence increasing the SLs on it slightly now. CMP 435, Please sell below 430 SL 445 for targets 350. If trades above 435 buy with SL 400 for targets 500.

JP Associate - Has risen now to 76.50. Please sell around here and more around 79 with 82 SL for targets 60-65. Above 82 buy with 78 SL for targets 95-100.

Maruti - Maruti looks bullish. CMP 632. Buy on dips near 615 with SL 605 for tragets of 650. Below 605 sell with 615 SL for targets of 560.

Relinfra - After hitting a 7 point bullish SL, Relinfra should have been shorted at 570 as per my post . Relinfra CMP is 541 hence 29 point profits and still counting.

RPL - Should have been shorted on Tuesday when it made a high of 89 as per my post. CMP 87. Please short if it again rises around 90 with SL 92 for targets 75. Above 90 slong for targets 105 with SL 88.

SAIL - looks bullish. CMP 88. Buy here and more near 84 with SL 80 for targets of 95. Below 80 please sell for targets of 70 with SL 82.

SBI - CMP 1158. Please sell on rise around 1200 with 1220 SL for target of 1050. Above 1220 please long for targets of 1320.

Sesagoa - CMP 97. Went above 99 upto 103 but reversed and hit 2 point SL of 97. Now one should be in shorts with SL 103 for targets on 86.

Net result of 2 days - 48 point profit and 10 point loss...

Cheers
SH

12th Feb 09

Despite the global blood bath Nifty managed not get into a panic selling mode, probably the mkt makers were anticipating DOW to rally yestrday after the bloodbath hence decided not to break NIfty. Since DOW was green yesterday, a good day for Nifty to fall.

Anyways coming back to technicals, Nifty charts are still bullish for several reasons and any dips today can be used to buy provided NS stays above 2860/2870.

Please keep a watch on the shoutbox here ... some of my stock recommendations have already started meeting their target prices...

Magic Numbers for today
NF - 2840, 2881, 2914, 2950, 2979

Cheers SH

11th Feb 09

EOD Nifty chart, clearly NIfty had brokn out of the falling trendline (though still in the broad price channel), RSEX is bullish, MACD which is giving positive ticks & price is above 20 EMA. Please note Nifty closed above monthly pivot as well hence all signs are bullish.

US news have made all markets sink globally and the same is expected with Nifty. We are set for 2-3% gap down which should take NF around or below my 2860 SL levels... however I would wait and see till EOD if it does sustain below 2860 levels and then only think of opening up any shorts.

Yesterday intraday magik numbers worked beautifully, Nifty made a high of 2949 which was 1 point less than my M4. I initiated shorts at 2945 with SL 2955 (as explained in my post) target 2880. It fell like nine pins and achieved 2880. At 2885, I squared off shorts and ideally should have initiated longs SL 2875, as it sprung up like anything and finally closed around 2928. But I didnt take the last trade since I had already made 60 point intraday on my first trade. In hindsight, I should have traded it well for another 40-50 points.

On stocks, I saw BHEL achieved its target of 1430 in one day itself. A lot of other stcoks have been triggered and lets see how they perform in coming days.

Magik numbers for today
NF = 2815, 2842,2882,2918,2960

Cheers
SH

Swing views on stocks

I have started this just to add more spice since Nifty is rangebound. Lets see if we can get some stocks working as per my TA as well.

BhartiAirtl - Looks bullish. CMP - 665, can be bought at between 640-670 with SL 620 for targets of 700.

BHEL - looks bullish again. CMP - 1391, can be bought between 1360-1400 with SL 1340 for targets of 1430.

Cairn - looks bullish. CMP 168, can be bought between 160-170 for targets 180.

ICICI - nicely poised, CMP 428. If it stays above 430 today please buy between 428-435 with SL 420 for target 490

ITC - CMP 183. Short if it rises around 187 with 190 as SL for targets 178.

JP Associate - CMP 74.80. Short if rises around 80 with 83 as SL for targets 58.

Relinfra - CMP 578. If it stays above 575 today please go long with SL 568 for targets 650. However if it slips to 570 please short with SL 575 for targets 480.

RPL - CMP 88.15. Long above 90 SL 88 for targets 105. Short below 90 with SL 92 for targets 75.

Sesagoa - CMP 99. Long above 99 with 97 SL for targets 110. Short below 99 with 103 SL for targets 86.

Wipro - CMP 226. Short at these levels SL 232 for targets 210. Go long above 232 SL 225 for targets 255.

Please note these are all cash levels and all SLs are reversible i.e whenever an SL is hit an opposite position should be initiated immediately.

Cheers
SH

10th Feb 09

Though NIfty stays in the broad price channel on EOD charts, it has broken out yet again from a falling trendline suggesting that it can hit the upper channel again which is around 3100. I have been feeling bullish about this set up for some time now and have been sharing them through the blog. Finally Nifty did manage to overcome the small resistance area around 2850-2880 and closed above 2900. My last swing SL of 2900 got hit.

On an intraday basis, Nifty showed a 45 degree upmove thorughout the day. I was not expecting Nifty to cross 2900 hence today I expect some weakness before Nifty resumes its upwards move again. I initiated my swing longs yesterday at 2906 however today if it dips around 2880 please buy NF with SL 2860 as swings.

NIfty intraday magic numbers
NF = 2790, 2842, 2880, 2950, 2980

Cheers
SH

Stocks that I would follow for swings

Hi all,

Below is the initial list of stocks that I intend to track and quote my swing buy sell levels. I have kept in mind that I cover different sectors of the market and track only high turnover stocks. In case you want to add more stocks to the list please leave your suhhestions....

1. Reliance Industires
2. Cairn
3. RPL
4. HUL
5. ITC
6. DLF
7. JP Associate
8. Relinfra
9. BHEL
10. RCOM
11. BhartiAirtl
12. Sesagoa
13. Maruti
14. Glenmark
15. Cipla
16. SAIL
17. SBI Bank
18. ICICI Bank
19. Infosys
20. Wipro

I would post entry levels everyday morning in my post whenever I see a good setup for any of the above stocks developing. This will be along with NIfty levels. Once a trade is triggered, I will keep a track of them and give exit levels again through my blog. I will also produce a monthly report card with overall results. Iwill post these levels in Cash and futures traders can entr/exit when the cash levels are triggered.

Cheers
SH

9th Feb 09

Good morning friends,

Hope you liked the weekend swing strategy and NIfty weekly views.

NF on Friday was not able to cross 2845 (my magic number) and was a good shorting opportunity at 2840. It gave quick 25 points when it broke to 2815 before recovering the lost ground. NIfty continues to be weak until it clears 2800-2900 hence I would contineu to hold shorts.

Besides NIfty, from tomorrow I plan to now post swing entries and exit levels on some selected stocks. I will start tracking top 20-30 trading stocks and will post entry calls with SLs and targets as and when I see them. My objective will be to keep SLs of max 1% but a profit target of atleast 5-10%. I will also track the results and will publish them daily so that we now how they fared every month end.

In case any of the reader wants me to track any specific stock going forward, please leave messages in Shoutbox on this blog.

Magic numbers for today
NF = 2798, 2825, 2853, 2875, 2900.

Swing positions
Continue holding Nifty shorts with 2900 as SL.

Cheers
SH

Weekend thoughts - Nifty Weekly charts

On weekend if I get time I tend to study the weekly and monthly charts. I am lucky this weekend to be able to spend some time on my computer and thought to leave some views on my blog for my friends.

The weekly charts and Monthly charts are important to read for positional trades as well as to time you investments.

On the above Nifty weekly chart, the rangebound markets are clear as they seem to be trapped between the two pink lines I have drawn. The resistance is around 3150 levels and the support has been coming at 2600 levels. Nifty will have to breakout and close above or below these two lines before any positional call can be taken.

For fibo lovers and believers, I have also plotted the fibo retracement levels of the last down leg. Interestingly the important retracement level of 38.2% is right around 3150 levels and believe me or not, the monthly R1 pivot level is also around that area.... well... talk of so many foes accumulated at one place to stop any bullish advances! anyways, if Nifty can close above these levels .. it will be fantastic for bulls... right time to go long !! However, as a positional trader I would rather short near 3150 keeping a 50 point SL and initiate longs if SL is hit.

By the way, other good news for bulls right now is that both MACD and RSEX are bullish currently... guys are we set to see 3500 levels again in next two months? Will leave you with that thought to ponder upon!

Cheers

SH

Price Channel - Chart Example

This chart has to be read with below explained strategy of price channels. The plotted items are:
1. Nifty Spot EOD prices for last 18 months
2. Red line - 100 EMA
3. Grey line - 22 EMA
4. Blue envelope is the price channel
5. Green circles are buy trades
6. Red circle are sell trades

Please note while 100 EMA is going up long trades are entered at green circle (22EMA) and booked at red circles (price channel wall). Similarly when 100EMA is coming down short trades are entered at red circles (22EMA) and booked at green circles (price channel wall)

Cheers
SH

Price Channels - How to encash mkt hysteria

Hi Friends,
I am going to discuss one of my favourite strategies for swing trades. There is always a few dilemmas in front of the traders in terms of:

1. Which direction to trade?
2. Where to enter the trade?
3. Where should be our stop losses?
4. What should be our profit target?

This is an attempt to answer above questions one by one and develop a sound swing trading system. I read about it in last year in one of the authored by Elder Alexander and I have customised to NIfty and other Indian stocks. Its an excellent book called 'Come into my trading room' and I recommend all to read it.

Coming back to the strategy:

1. Which direction to trade?
The best way to ascertain which direction to trade is to ascertain the current medium term trend. I use 100 EMA (EOD Time Frame) to ascertain the medium term trend i.e if 100EMA is sloping up trend is up so always look to enter longs and shorts are prohibited. Similarly if 100EMA is sloping down shorts are permitted but longs are prohibited. Hope this answers question 1

2. Where to enter the trade?
In an uptrend, obviosuly one would want to buy as cheap as possible and similarly in a downtrend one would want to sell as high as possible. What we dont want is we end up buying too high or selling too low. Markets swings go through two phases .. the phase of hysteria and the phase of composure. You want to enter into a trade when the mkts are going through a phase of composure rather than the phase of hysteria. For eg in bull run you want to buy in a phase of compure but sell as soon as mkts enter a phase of hysteria, opposite in bear markets. The way I define state of compusure is when price is touching 22 EMA (22 signifies a month). Hence I would only buy near 22 EMA in bull mkt ( bull means upward sloping 100 EMA) or short near 22EMA in bear mkt (downward sloping 100EMA).

So plot 100 EMA to decide the medium term trend and enter trades in composure phase i.e when prices are at 22 EMA.

3. Where should be our stop losses?
There are many ways to put an SL depending on risk management which is different with different people. I prefer to put a stop of 2%% i.e if I long at 3000 NF my SL will be 3060 NF for swings. Just make sure your stop losses are away enough to ensure you dont get stopped out due to market noise.

4. What should be our profit target?
This is the most fascinating part ....where to book my profitable trades. Some people tend to book based on some pre-detrmined levels, some based on risk reward ratio etc etc. The art is to let profit run until the hysteria stage is reached and book immediately while markets are still in a hyesteria stage. In 90% of cases mkts would stay in hesteria for a couple of days, would return back to compsoure in the following 2-3 days and you are good to enter the next trade again !! Hysteria is when the price moves away the value zone of 22 EMA. For this I plot a price channel (its available of Icharts - Charts Premium only .. not available on any RT charts). I plot Envelope (20 +/- 10%) with parameters 17,0.1. This will draw a beautifyl channel around your Nifty price and the channel walls are your profit targets. As soon as price hits the channel wall...it signifies mkts have entered a state of hysteria and hence a good place to exit profitable trades.

This is an excellent strategy and can be customised by different users. But remember the rule of 100EMA & 22EMA and you would never fail. In 2008, this strategy generate 7-8 sell signals with 500 odd point profit each... thats Rs 25000 per nifty lot per trade ! I will post a chart after this and will let you spot places where SL might have been hit :-)

I clearly see 3-4 places where SL was hit for 60 points per trade. Small SL big rewards is the key!

If a reverse trade was taken (i.e buy at 22 EMA book at channel wall and reverse sell at channel wall book at 22 EMA) would have meant additional 150 points profit per trade.. however this is a bit tricky to do and requires money management so dont try it yet !!

If one can just master this technique and follow the discipline…. I can guarantee a person can turn 50K to 5Lakhs in an year. The key is discipline and patience….

Please let me know your comments and valued feedback.

Cheers
SH

6th Feb 09

The market continues to stay in a tight range, yesterday the bulls were decimated again however they were able to recover some lost ground at the end.

I hope Ms Deepika Krishnan made some money in Relinfra trading my magic numbers yesterday since it swung between 525 and 506 during the day.

I have not recieved any feedback yet on whether this blog is helping or any questions which is slightly dissappointing.

Anyways...on the weekend I would reveal one of my favourite stategies around channels hence keep watching the space...

Magic Numbers for today
NF = 2726, 2768, 2805, 2845, 2878

Swing Positions
Continuing to hold ICICI and NF shorts as per stated SLs. NF target is 2630 where I will swing buy.

Cheers
SH

Relinfra - On request of Ms Deepika Krishnan

I am posting my levels on Relinfra on request of Ms Deepika Krishnan.

Relinfra looks weak to me on the charts pretty much same like Nifty... I see resistance on this counter around 580 hence a short is recommended around these levels SL 595, target can be 475. Above 595 longs can be initiated SL 575 for targets around 650-680.

On the downside I see the first support at 475 hence a long can be taken SL 455 for targets of 570-75. Below 475 fresh shorts can be initiated SL 490 for targets of 380.

Intraday magic levels for 5th Feb (cash) = 493, 506, 525, 541, 558

Cheers
SH

5th Feb 09

yesterday again a see-saw between bulls and bears. For the last two days Nifty has seen heavy selling whenever they have tried going above 2820-30 levels and buying has emerged around 2750 -60 levels.... its worth observing that till now all bull moves have been small and are often erased in a single bear move.... I have also posted the price channel I am watching right now to get into a positional trade. However till that time we will keep playing intra and swings.

Please do give me feedback if you like charts being added and if they help you by leaving your comments for this blog. Also, I have decided to share some of the strategies I have learned for which I will post a blog every weekend. In case you want to know about anything specific, please email me and put your comments here on the blog.

Yesterday intraday magic numbers did well, though it was a small day the numbers still gave reasonable returns. Infosys magic numbers did really well.

Intraday Magic numbers for 5th Feb 09
NF = 2718, 2747, 2790, 2826, 2860

Swing Positions
Same as yesterday, hold NF and ICICI shorts.

Cheers
SH

Nifty EOD chart analysis

My first attempt to add charts on my blog, hope it helps.

EOD charts points to an ascending price channel (you may call it an ascending wedge/triangle whatever depending on how you see it). The prices have been swinging in this channel since October lows were made which is common whenever the markets are trying to establish a base, this often indicates the fall is over (or temporarily withheld) and markets would try and consolidate. This period can be followed by a fierce rally or a fall on either side hence be watchful of this channel breakout (i.e two consecutive EOD candle close on either side) as and when it happens.

Technically, MACD is still in negative zone, prices below 50EMA and 22 EMA (bearish) however RSEX is gradually showing bullish signs atleast till now. So my shorts can be in danger !!

Cheers

SH

How to trade the magic numbers

This post is for people who do not understand the best way to trade my magic numbers, an attempt I am making and hope you understand.

On a daily basis I will be giving 5 magic numbers ascending order..Lets call them M1, M2,M3,M4 & M5 respectively. Each of these levels are important supports and resistances, I would not expect the mkts to fall below M1(hence safest place to initiate a long with SL 5 points below M1) and would not expect mkts to go above M5 (safest place to short with SL 5 points above M5 ). These trades should be 90% accurate on normal days. Targets are M2 for longs and M4 for shorts respectively however if the difference between the two levels is more than 40 points I usually book around 25-30 points and wait for next opportunity

Similarly M2, M3 & M4 can be played on both sides with 10 point SL for 70-80% accuracy. However I personally do not start trading on on magic levels in first 20-30 minutes to let the overnight noise die down.

Cheers
SH

4th Feb 09

Yesterday was a see-saw battle between bears and bulls, a classic day for intraday traders where the market gapped up, then lost all gains, then ran up again until last 45 mins to close when suddenly something hit the bulls hard and markets crashed to a doji like closing.... for some it was a good intraday game whereas for others it was frustrating since their SLs got hit both ways.

Structurally, this swing seems to be more bullish than bearish to me however I would like to stick to my system and levels hence no longs until 2890-2900 levels are crossed on an EOD basis.

My Nifty shorts from 2850 are still intact and so are my ICICI shorts from 420. HOwever today it seems we are set up for a nice gap up in the morning!!

Besides NIfty, I am posting intraday magic levels of Infy and swing levels for Punj LLoyd on couple of requests i got yesterday.

Intraday magic numbers for 4th Feb 09

NF = 2695, 2730, 2780, 2815, 2865
Infy(cash) = 1235,1265,1280, 1310,1325

Swing Positions
Continue holding NF shorts initiated at 2850 SL 2890-2900
Continue holding ICICI shorts initiated at 420 SL 406
Punj Lloyds = Punj looks week to me, can fall upto 65 from here which is where a long can be initiated with 60 as SL . On the upside it will face resistance around 125 levels hence a short can be created around 120.

Cheers
SH

3rd Feb 09

What a reversal in the markets on Monday ... all gains made in last 3-4 days got wiped in one single day as Nifty slided more than 100 points in a day and closed at 2735.

Nifty opened at around 2832 (my magic number) and quickly slid below it in the first 5 mins, it was a perfect place to short with SL 5 points above my magic figure of 2832. I had not predicted Nifty to go below 2796 yesterday however once it went below 2796 (my magic number) I knew the next support is around 2720-30 range only. I shared these words in SB in the morning and they finally came true as Nifty made a final intraday low of 2728. I had personally shorted at 2825 in the morning and covered up near 2800 .. and again shorted at 2790 covered up at 2730.

The NF swing shorts initiated at 2850 are doing fantastically well as well... however I am still vary we will see 2800/2900 range once more hence i booked 50% of my swing shorts and holding rest hedged with 2900 calls. My target on the downside is 2630 where I will initiate swing longs SL 2610.

I am jubiliant with my ICICI swing shorts as well initiated at 420 levels as it closed at 384 yesterday. My target here again is around 360. TSL now is 406.

Educomp has been a disappointment since there has been a huge discount, I am planning to drop it from my blog going forward. Please suggest any stocks that you want me to track and I am more than happy to help.

Intraday magic levels for 3rd Feb 09
NF = 2662, 2701, 2772, 2805,2870

Swing Levels
As yesterday, hold ICICI and NF shorts.

Cheers
SH

2nd Feb 09

Friday proved to be one hell lot of a day for bulls.... Nifty on Friday, even after going below Thursdays lows which I thought was a crucial, recovered and rallied to end up close to days highs. This is clearly emerging as a bullish setup however I will go long only above my swing levels of 2880 and above is achieved and atleast a close above these levels on an EOD basis.

My intraday magic levels worked ... but couldnt give the right levels since the change in series and NF values from Thursday to Friday changed some of my calculations... hopefully today they will perform better. HOwever still, NF low on Friday was 2766 (above my magic levels of 2752) and once it crossed 2810 (my magic levels again) it never looked back. I had loned on intraday basis at 2815 and squared off at 2850 since 2852 was my another magic numbers.

Educomp again rocked...however I had a losing trade on it intraday for 30 points after it gave me 50 points in morning.

Intraday magic numbers for 2nd Feb 09

NF = 2796, 2832,2912,2941

Educomp = 1656,1725, 1780,1860

Swing Levels

Same as last week... I am short on NF and SL is 2900.

ICICI shorted at 422 SL 420 now.

Bajaj Hindustan levels - on request of R.DakshinaMurthy

I am posting my magic numbers for BAJAJHIND on request of our fellow ichartian R.Dakshinamurthy for intraday 30th Jan as well as for swing.

BajajHind closed at 54.95 yesterday which is 3.5% down. For swing, it has a major resistance at 62 and the next immediate support is at 49. Below 49 it can fall to 25 hence a short is recommended at 48 SL 52. Above 62 it can go upto 85 hence a long is recommended at 63 SL 60.

Intarday magic numbers for today for this counter are 50.60, 52.50,56.50 &59.00

Cheers

30th Jan 09

Yesterday due to some exigencies I couldnt trade at all myself however got some trades done through my broker over the phone. Overall i was happy to see i exited my longs at the right time and my broker was able to get me a short at 2850 levels again yesterday morning as per my instructions. I had commented in SB that the days high wont be more than 2880 and one should short at around 2880 levels if they come. I also mentioned that we will see 2800-2810 levels on Thursday or Friday max, to my leasant surprise we saw them yesterday itself.

I was expecting Nifty to expire between 2800 and 2850 so that condition also got met... based on this only I had written 2900 calls 6 days back for feb series.

Anyways, I am currenlty short on 2900 calls and NF as well. However something in me tells me this time NF might not reach my target levels of 2650 again.. lets see how things progress and we will change our stance accordingly.

Educomp intraday magic numbers did amazingly well yesterday, swung 5 times between 1760 and 1805 and thats 40 x 5 = 200 Rs cool profit per share within one day.... the not so good thing was that I couldnt trade them since I was away.

Anyways... markets open on most of the weekdays so will get my chance again on educomp today.

Intraday magic numbers for 30th Jan 09
NF = 2712,2752,2810,2852
Educomp = 1730, 1760,1790,1830

Swing levels
Same as yesterday, ICICI swing short position should have been initiated as per my levels since it opened at around 420 yesterday.

Cheers

29th Jan 09

29th Jan 09

Yesterday NF rallied..and rallied like anything. Some people said its short covering rally, someone else said fresh buying etc etc. However later the European and then US markets proved it was a global phenomenon rather than anything specific to India. From the past few days, Indian mkts have started pre-empting US markets in some ways, they tend to rally or drop ahead of US, which gives me an impression that the FIIs have decided to first trade in emerging mkts and later follow up in U.S

Anyways, yesterday NF opened at around 2790 as expected and continued its 45 degree up journey to finally stop at 2850. I booked my swing longs at 2850 with 200 points profit but still holding shorted 2900 CE (Feb) which are at 100 now (48 points in loss approx). On an intraday basis I initiated 2 longs at 2800 and 2825 booked with 20 points each and one shorts at 2818 which hit my 7 point SL. These trades were based on my intraday magic numbers for NIfty.

Did one more intraday trade, longed EDUCOMP at 1723 and booked at 1788 which gave 65 points profit. These again were based on my intraday magic levels on Educomp (thought didnt share them in my blog). I should have shorted at 1788 but skipped the trade since it was very late in the day.

ICICI, I opened swing shorts at 400 which hit my 410 SL and closed right there. I still believe ICICI can fall hence will open longs only if it crosses 420 now.

Intraday Magic levels for 29th Jan 09
Todays NF magic levels are 2826, 2879 and 2997
Todays Educomp magic levels are 1730,1760 and 1805

Swing position levels
Same as yesterday, I will short NF around 2880-85 SL 2900.
ICICI long levels are 410 and above however I have revised them to 420. Right now I will sell below 410 SL 420.
Educomp levels stays as yesterday.

Cheers

28 Jan 09

Yesterday NF made a low of 2701 which was one of my magic number.... the next magic levels which i didnt post in my blog but shared in icharts SB and with other friends on YM were 2740 and 2775. NF high was 2777 which was close to my magic level again.

Intraday Magic levels for 28th Jan 09
2751, 2798, 2821 & 2869

Swing position levels
My last swing trade on NF initiated on NF on Friday was long at 2650 SL 2630. NF closed at 2777 yesterday and looking at SGX should be able to touch 2790-2800 at the open. I will continue to hold if it opens and stays above 2798 (my magic level).

Some of the other stocks which I have recently started tracking and trading are ICICI Bank, Educomp, . My swing views on them are as below.

ICICI Bank - Strong resistance around 405 levels and support near 350. Good opportunity to short at around 400 levels SL 410 and go long at 411 SL 405. On the down side go long around 350 SL 340 and go short below 340 SL 350.

Educomp - Strong resistance at 2000 level and support at 1500 levels. Good opportunity to short at around 1980 levels SL 2010 and reverse buy above 2010 SL 1980. On the downside buy around 1520 levels SL 1490 and reverse short below 1490 SL 1520.
Cheers

Intraday magic numbers for Tuesday 27,Jan 09
NF = 2701, 2625, 2585

Swing positions
Intermediate term swing is down hence sell on rises is advisable. For eg my last swing trades were short at 2879 covered at 2710 and the short again at 2855 covered at 2665. Nifty spot major support at 2650 hence a buy close to 2650 with 2620 SL can be initiated.

Positional and chart analysis to follow tomorrow.

Cheers