NMDC Technical Analysis

NMDC has been in news for all wrong reasons in coming few days and stock took severe beating starting from 500 levels to around 280 odd levels in around a month time frame.
Looking at the daily chart of NMDC stock looks quiet oversold on charts and bounce back to the channel top is immmenient. Stock fundamentally is a very good company also so i would advise long term investor to give atleast 20% exposure to the stock at the current levels.RSI is showing is positive divergence and MACD is …
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Risk free return on your investment

Post Office Monthly Income Saving (PO MIS)
This scheme offers monthly income and is a safe, guaranteed-by-the-government option. For retirees, widows and others looking for a steady income, it can be ideal. Even young investors who are comfortable with steady and risk-free returns can opt for this scheme. As the scheme is offered by post offices, [...]
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Nifty Weekly Technical View

Nifty Weekly Technical view is present as below:
1. Market are showing good strength and trading well above 5 EMA.
2. RSI is showing negative divergence
3.Nifty is very near to its 52 week high of 5311 and facing quite a high resistance at 5290
4.Nifty is moving in a channel and will find support at the bottom of [...]
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http://www.brameshtechanalysis.com/

Larry Williams OOPS — Trading System

Today i will present the OOPS trading System which can be used for pattern applicable on ALL time frames, 1 minute, 5 minutes, hourly, daily, weekly, monthly or yearly.
History:
Back in 1979 Larry Williams published a description of a short-term trading method that is based on a pattern observed often in markets. The OOPS signal [...]
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While you're at it, take a look at different cheap servers  to find the one that's right for you.


http://www.brameshtechanalysis.com/

Bramesh's Tech Blog is moving to site

Hi All Readers,

Bramesh's Tech achieved one more milestone last weekend.We are now having our own site http://www.brameshtechanalysis.com/.The Sole motive remains the same, to serve people and make them earn money.

This step has given me more freedom and allowed me to flex my hands in adding new functionality to the site and serving my reader's better.

Credit goes to you people who have appreciated my work time and again.

Please keep visiting and recommending the site to your friends. Please do post your comments on this new look and let me know your opinion, I will try to make it a better experience every time you visit.
Please update your Bookmarks to http://www.brameshtechanalysis.com/


Rgds,
Bramesh

More Intrest on Savings Account

Hi all,
Coming 1st April there will be a change in method of calculation of interest on your savings account as directed by The Reserve Bank of India.
Lets first understand how Banks Calculate Rates currently on your Saving Account
3.5 per cent per annum or 0.29 per cent per month on the minimum balance [...]
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Patni Computer @Higher top formation

Patni Computers is forming Higher top formation on daily charts and taking trend line support as shown in the charts Attached.
Stocks is facing a tough resistance around 530-34 zones and if that levels got crossed we may see a quick move to levels of 542 and 549.
Support for the stocks comes around the level of [...]
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Trading Psychology

As a sportsman(So too as a trader), you’ve got to realize that it’s not the end of the world if you lose one game or more..You should get down to basics and play every point on its merit. The moment you sit down to differentiate the first point from the last, emotions take over. Now

Read More 

New Site:http://www.brameshtechanalysis.com

Bharti Airtel @Resistance of 50 SMA

Bharti Airtel is approaching its 50 SMA resistance which has proved to be very difficult resistance during recent times as shown in the Chart.50 SMA Comes at 304 Levels.Now for a short term Trading there are 2 trades which can take place.

Trading Levels for Bharti

Take Long above 304 for a tgt of 306 and 31.

Short if 304 is not broken for a tgt of 300 297 and 293.

For Nifty Auto-Update Pivot---http://niftystockpivot.blogspot.com/

For 4 Trading Pivot System--- http://pivotpointscalculator.blogspot.com/

Nifty Technical Outlook

Nifty managed to show some good up move today after 6 days of consolidation pattern.Now if we count the waves we come to following conclusion when we see the above Chart

a leg = 5092 to 5137 = 45 points
b leg = 5137 to 5096 = 41 points
c leg = 5096 to 5158 =62 points
d leg = 5158 to 5101 = 57 points
e leg = 5101 to 5209

Now as per EW waves market has completed 5 waves and the wave which started at Budget day should come to an end today.Nifty at max if this theory is correct should go till 5230 levels and show a downmove with a tgt of 5100 and 4975 .SL for all longs at 5145

Chennai Petroleum Technical Study

Chennai Petroleum has been consistently making higher lows (as can be seen in the chart above). It was trading in a range for the last few weeks and has made multiple tops between Rs.253-256.50. The stock seems to be breaking out of this range and looks set to head upwards in the days to come.

Resistance @ 259 264 and 271

Support @ 247

Advance Decline Ratio

The advance/decline ratio (A/D ratio) shows the ratio of advancing stocks to declining stocks. The benefit of using the advance/decline ratio is that it is a constant number, 

Advance Decline Ratio Formula

Advance Decline Ratio Formula

Interpreting Advance Decline Ratio

Interpreting the advance/decline ratio can prove to be a difficult task. The ratio will move erratically and on quick glance it is a bit challenging to make clear observations about the health of the market. A popular technique is to place a moving average of the A/D ratio to assess the direction of the technical indicator. The average of the indicator will begin to oscillate back and forth and will provide clues as to whether the market is oversold or overbought. The A/D ratio will never have a negative value. Traders can use the following values for estimating the trend of the market:

• A/D ratio > 1.25 bullish
• A/D ratio is between 0 and 1, bearish to choppy market
• A/D ratio > 2 extremely bullish

The Advancing-Declining Stocks is calculated simply by subtracting the number of declining stocks from the number of advancing stocks.

The AD Line peaks out well ahead of the more widely followed market indices and averages. It provides such useful information as:
Overall market strength
Rising or falling trends
Whether the trend is intact, and
The length of the current trend

Advance/decline numbers can be also used in your daily observations of the trades in order to
determine whether a particular trend is a false or a spot.

http://niftybreadthcharts.blogspot.com/ Provides the Live Real Time Advance/Decline Ratio will be helpful for trading

Day light Saving Time 2010 begins today

 Daylight Saving Time begins today , On Sunday, March 14, 2010 at 2 a.m., Daylight Saving Time begins in the United States.The phrase “Spring forward, Fall back” is best and it will help people understand that during spring the keep the clock one hour ahead and in fall they keep the clock 1 hour back to set it in standard time.

Use of Day light Saving

The change to Daylight Saving Time allows us to use less energy in lighting our homes by taking advantage of the longer and later daylight hours. During the eight-month period of Daylight Saving Time, the names of time in each of the time zones in the U.S. (map) change as well. Eastern Standard Time (EST) becomes Eastern Daylight Time, Central Standard Time (CST) becomes Central Daylight Time (CDT), Mountain Standard Time (MST) becomes Mountain Daylight Time (MDT), Pacific Standard Time becomes Pacific Daylight Time (PDT), and so forth.US market will Open at 7 PM IST and close at 1:30 AM IST

In 2011 Daylight saving will set into on 2 a.m. March 13 and Fall back on 2 a.m. Nov. 6
For those who are working for US company in india its jolly time you will have all the meeting set 1 hr before so you can go home sooner.

Real Time DATA in Amibroker for Free

Hi All,

This is the way I take free REAL Time Data from yahoo ( free of any 3rd party progs or plugins) only with amiquote and amibroker.

VERY VERY IMP FIRST YOU TAKE A FULL BACKUP OF YOUR AMIBROKER DIRECTORY . This is very important.

We now start with the operation Realtime Yahoo Free

You all must have used amiquote earlier with yahoo current. If u take nse yahoo symbols as tls files and load it in amibroker u get data from yahoo but till now it was delayed even if are logged in yahoo

But the recent amiquote has an option to allow yahoo cookies after u are logged in yahoo finance so that was an hidden additional feature which many didn’t took it seriously but it is the same thing what other softwares made here in INDIA which many are using it for realtime data from yahoo to ami. They all say one thing first log in with ur id at yahoo finance to get rt data . Here we also have to log in yahoo finace and keep logged to get RT data with amiquote.

Now what happens when u run amiquote & what type of data it gets which we use it for realtime basis

1. Yahoo Don't Give Data Less Than 1 Minute because it doesn't have time stamp less than a minute.

Make a new database in amibroker as amitry as per below given method:
a) Keep base time interval as tick.
b) Then in intraday settings
     1.Select 24 hours
     2.Time 8:30 to 15:30
     3.Select exchange time/ local
     4.Then in the below given box timeshift write 10
     5.Now Click on OK
     6.EMPTY DB is CREATED.

AFTER  THAT SAVE THIS EMPTY DATABASE SO THAT THE TIME SHIFT IS RECORDED IN IT.

c) Close Amibroker and reopen and load amitry database
d) Click from file menu database settings
e) Go to intraday settings and recheck that the 10 which we have put in the time shift box is intact If it shows   as 0 read zero change it to 10 and again save the database Now it will be fixed.

How amiquote gets data from yahoo after logged:

The file which amiquote gets is 1 or more files depending on the symbols u have in ur tls file
But that is the input for amibroker to put the data in amibroker chart ok

"ABB.NS","ABB LTD.",3730.20,"4/13/2007","6:00am",+77.30,3669.00,3755.00,3623.00,77554
"ACC.NS","ASSOCIATED CEMENT",749.95,"4/13/2007","6:00am",+23.60,729.85,750.00,726.00,822345
"ALBK.NS","ALLAHABAD BANK",73.05,"4/13/2007","6:00am",+0.95,70.20,73.80,70.20,111529
"ALOKTEXT.NS","ALOK INDUSTRIES L",59.05,"4/13/2007","6:00am",+0.20,55.00,60.00,55.00,81295

 What is this data updated I mean .format file the name of the format file is aqd.format which u can change it to .txt file and load it in notepad
It looks like this
# AmiQuote daily download format (.AQD extension)
# Revision 1.1 (previous version had missing Date_MDY field)
# Revision 1.2 (added $STRICT 1)
$FORMAT Ticker,FullName,Close,Date_MDY,Skip,Skip,Open,High,Low,Volume
$SKIPLINES 0
$SEPARATOR ,
$DEBUG 1
$AUTOADD 1
$CONT 1
$GROUP 254
$BREAKONERR 0
$STRICT 1

We have to change this as below to put in the realtime data from yahoo to amibroker with out any 3 rd party progs SO here is the modified aqd.format for rt data

# AmiQuote daily download format (.AQD extension)
# Revision 1.1 (previous version had missing Date_MDY field)
# Revision 1.2 (added $STRICT 1)
# Revised for RT data from yahoo in Rt mode
$FORMAT Ticker,FullName,Close,Date_MDY,Time,Skip,Skip,Skip,Skip,Volume
$SKIPLINES 0
$SEPARATOR ,
$DEBUG 1
$AUTOADD 1
$CONT 1
$GROUP 254
$BREAKONERR 0
$STRICT 1

Copy this above and save it to format dir as aqd.format.rt for time being
Now change the old filename aqd.format to aqd.format.eod
Again rename our newly mad aqd.format.rt to aqd.format

Now close all progs esp amibroker & amiquote
Before our Indian mkt starts at 9:00
We have to 1st log in yahoo finance
Then start amibroker and load amitry database.
Then fire up Amiquote and load the nse yahoo symbol.tls
And select yahoo current and click the green so that it starts running also select the
Autoimport box and put 1 in run every one minute

This is the secret to get FREE RT DATA IN RT MODE IN AMIBROKER.

ONLY THING IS YAHOO DON’T GIVE BARWISE VOLS
SO U HAVE TO MAKE AN AFL FOR VOLUME TO DEDUCT THE PREVIOUS BARS VOLUME FROM CURRENT AR VOLUME TO GET THE TRUE BAR WISE VOLUME
My SUGGESTION IS TO USE ANY TIME FRAME GREATER THAN 3 MINUTE BARS TO GET A REAL TRUE PICTURE

This whole game is based on yahoo cookies after u are logged in yahoo finance…

Happy Trading with Free RT DATA

ABAN Offshore above 50 SMA

Stock closed above its 50 SMA for 2 days and now should be bought on pullback till 1267 for target of 1303 1324 and 1339 and 1355.

61.8%  Retracement comes at 1355 which would be next significant resistance.

Hanung Toys achives target

Network 18 @ Wall of China

Network 18 and Media is at its Wall of China resistance at 109 levels.The level has been elusive to this stock for almost 6 months.RSI is showing positive and if market condition remains positve we can see breach of 109 and flying to higher range of 115 and 118 in short term.

Nifty Carmillea Levels for Tuesdays trading Session:

R1:5129
R2:5134
R3:5139
R4:5154

S1:5118
S2:5113
S3:5108
S4:5093

Nifty Pivot Levels:Resistance 5150 5176 to 5205. Support at 5095 and then 5066.

RELIANCE : Support around 995 if break this then slide for 986 to 970. At upside above 1011 it go for 1020 to 1036.

Nifty Weekly Technical

Nifty posted a good post budger tally with a weekly gains of 3.4%,Coming Week IIP data which is bound to release on 10 March will decide the furthur Trend.

As of now we are in good Uptrend and 5065 is proving to be a good support for Nifty.If we take the fibo levels as indicated on charts we will find a resistance at 5164 levels.As we have closed above 5 WEMA so this is further evidence that trend is quiet strong and we may see a good rally till 5164 levels.

Short term trend of Nifty fut is up. Buying on dips may be considered
around 5070 level with the SL of 5050 for the target of 5135/5170/5220.

On the way down if 5050 breaks we may see the levels of 5035 4980 Levels.

For Option Traders Buy 5100 PE when Nifty is near 5164 Levels with a SL of 5200

For Nifty Daily Pivot Levels :http://niftystockpivot.blogspot.com/

For Pivot Point Caluclator:http://pivotpointscalculator.blogspot.com/

Trading Ideas

United Phosphorus closed at its 61.8% Retracement on last Friday at 164 levels.This level should be a significant resistance,Traders should wait for the stock to show pull back till 157 levels to take further position.

And if the stock crosses 167 levels instead of giving a pull back till 157 positions can be taken for targets are 171 and 177 levels.

NALCO:The Stock is making higher bottom and higher top and indicator are also showing positive momentum.Buy near 396 levels for a target of 404 410.

As indicated in Weekly chart 410 level will prove to be a significant resistance.

Reliance Capital:Stock facing resistance at its 50 SMA which is placed at 817.Pivot Resistance is placed at 813 levels,So technically Resistance is in the range of 813-17 Levels.Once that is crossed targets are 821 830 and 200 SMA which is at 851 Levels.

CAMARILLA Pivot Point For Day Trading

Hi All,

Today i will explain one more Trading System which is known as CAMARILLA Pivot Point which will come Handy for Day Trading Purpose.

Origins of the Camarilla Equation:

Discovered while day trading in 1989 by Nick Stott, a successful bond trader in the financial markets, which uses a truism of nature to define market action - namely that most time series have a tendency to revert to the mean. In other words, when markets have a wide spread between the high and low the day before, they tend to reverse and retreat back towards the previous day's close. Input to the Systems is yesterday’s open, high, low and close. These levels are, frankly, astounding in their accuracy as regards day trading, even to seasoned traders, who know all about support and resistance, pivot points and so on.

Camarilla Equation Levels: 

The Camarilla Equation produces 8 levels from yesterday's open, high, low and close. These levels are split into two groups, numbered 1 to 4. The pattern formed by the 8 levels is broadly symmetrical, and the most important levels are the 'L3', 'L4' and 'H3', 'H4' levels. While day trading, traders look for the market to reverse if it hits an 'L3' or 'H3' level. They would then open a position AGAINST the trend, using a stop loss somewhere before the associated 'L4' or 'H4' level. To calculate Camarilla Equation Levels (Click on this)

The second way to try day trading with the Camarilla Equation is to regard the 'H4' and 'L4' levels as 'breakout' levels - in other words to go WITH the trend if prices push thru either the H4 or L4 level. This essentially covers all the bases - Day Trading within the H3 and L3 levels enables you to capture all the wrinkles that intraday market movement throws up, and the H4 - L4 breakout plays allow the less experienced trader to capitalise on relatively low risk sharp powerful movements. Here's what it looks like in action:-

How to use this system:

Look at the opening price for the stock/futures/commodities/currency.

Scenario 1

Open price is between H3 and L3

  For Long

    Wait for the price to go below L3 and then when it moves back above L3, buy. Stoploss will be when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3 

For Short Sell

    Wait for the price to go above H3 and then when the price moves back below H3, sell. Stoploss will be when price moves above H4. Target1 - L1, Target2 - L2, Target3- L3

Scenario 2

Open price is between H3 and H4

For Long

When price moves above H4, buy. Stoploss when price goes below H3. Target - 0.5% to 1%

For Short Sell

When the price goes below H3, sell. Stopless when prices moves above H4. Target1 - L1, Target2 - L2, Target3- L3

Scenario 3

Open price is between L3 and L4

For Long

When price moves above L3, buy. Stoploss when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3

For Short Sell

When the price goes below L4, sell. Stoploss when price moves above L3. Target - 0.5% to 1%

Scenario 4

Open price is outside the H4 and L4

Wait for the prices to come in range and trade accordingly.

To calculate Camarilla Equation Levels (Click on this) or Bookmark this Link:http://pivotpointscalculator.blogspot.com/

Bramesh's Tech present Pivot Point Calculator

Bramesh's Tech present Pivot Point Calculator  4 System at one Place http://pivotpointscalculator.blogspot.com/

Use this Site for Getting the Pivots Levels Which will be useful for Your trading for 4 System.

a) Pivot Points
b) Camarilla Pivot Points
c) Woodie's Pivot
d) DeMark's Pivot Points

Will Be providing Detail Write Up on all 4 remaining System in coming weeks

Short Term Trading Pick---Jumbo Bag

Technical of Jumbo Bag Indicated accumulation Pattern in this stock is going On.Trading interest is reduced or near to null.But smart players are accumulating this stock

As seen from the chart the stock is not breaking its support at 30.When ever it goes neae its lower range volumes increases on that day.

5 EMA is around 31 which is proving to be a major resistance,Once thats crossed it will move to its next tgt of 35 in no time.

Next tgt comes around 40

RSI is showing positive divergence which should be taken as an indicator to enter this stock with a exposure not more than 500 shares.

Keep tgts of 35 and 40 in mind

S&P 500's Technical View

Resistance level for today is 1128.40.

Yesterday's close was at 1118.79, so the S&P 500 is now only 9.61 points away from that formidable resistance. As a percentage move, it is 0.86% away.

Hanung Toys Buy above 136

Tgt 139 and 144

NIFTY FUTURE Levels for tommorow

resistance at 5115, 5143 and 5193. Support at 5065 and then 5037.

IMPORTANT MESSAGE TO ALL OUR READERS / SUBSCRIBERS

As a serious and genuine service provider I aim to help our subscribers/ readers in all the ways possible. I had been continuously getting requests to suggest a good broker who can offer competitive brokerage rate; excellent customer service and high quality back office services. I happily announce my association with Parasram Holding (P) Ltd. is committed to provide all the excellent services to my subscribers. The company has a pan India presence with more than 350 offices and daily turnover of 2000 crores.

This is a great opportunity for all of you to shift to this broker and get the benefit of our association. Below are some of the benefits you can expect from this broker on the basis of our association:

1. Competitive brokerage rate.
2. High quality back office support.
3. Excellent customer service.
4. Instant pay in / pay out facility. For your benefit funds will be transferred directly to your bank account to save you from all the hassles
5. Extra profit on execution of our recommendation as they also have our recommendations and given levels. You just need to give them go ahead whenever you want to trade our recommendations.
6. Odin software will be provided in case you are a full time trader / investor and want to trade on your own.
7. Excellent technical / fundamental research based recommendation for your benefit.
8. Appointment of a RM in case you have any query on your account.

Below is the address and contact number for you to get in touch with them:

Parasram Holding (P) Ltd.

1206, 12^th Floor

Dalamal Tower

Nariman Point

Mumbai – 36

Landline – 022 – 22040990

Mobile – 09619652914

You can get answered all your queries by contacting any of the above given numbers

Happy Holi to all Blog Readers

 

Auspicious red.Sun kissed gold.Soothing silver.Pretty purple.Blissful blue.Forever green.I wish u N all family members the most colorful holi to all Blog Readers.




Holi Gift from My side http://bramesh-stockcharts.blogspot.com/ Charting Software