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
Saturday, February 28, 2009
Friday, February 27, 2009
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
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
Thursday, February 26, 2009
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
Tuesday, February 24, 2009
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
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
Friday, February 20, 2009
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
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
Thursday, February 19, 2009
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
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
Wednesday, February 18, 2009
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
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