Can India Sustain another recession

India Declared its GDP yesterday and it was the slowest in past 18 months.Given the way Stock Markets are falling in August one got reminiscence of 2008 Crash and pain the investor went through.
Now Given the way things are panning out in Europe and USA we can have 3 Outcomes
1. Slow Growth
2. Borderline Recession -- Economic Growth slows down significantly
3. Double Dip Recession
As per Economist there are still 50% Chances of going through recession in wake of sovereign crisis occurring in Europe.S&P Came with GDP cut for European Countries yesterday..
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Nifty Technical on Last Day of August Month

Stopping out of losing positions is the only sure way to maintain survival in difficult conflicts and to achieve the complete victory that is your aim. To learn how to live to fight another day is the best advice that all traders can be given.

Nifty Hourly

Nifty Hourly resisted at Hourly Resistance of 4931 and looking at global cues should open gap up again of 30 Points. 5015 is the level for short term reversal and Shorts should keep the same as SL. As discussed in Weekly Charts Nifty

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Trading Levels:HDFC,HPCL and Kotak Bank

Traders always a dilemma of What Stop Loss should be kept for there Trade.For putting your Stop Loss In trading –you need to keep the structure of the market in mind.

Right Now we are in Volatile times so your Intra day trades should have a deep sl as If you see Nifty it give 20 Points move in matter of Mins so" deep sl will help you in not getting Whipsawed"  and  when we are in sideways market Keep Sl tight as range breakout can give good move for Nifty or Stock you are trading into. Always Treat Sl is the Risk/ Money you are prepared to loose on a particular trade.

HDFC BANK

HDFC Bank is one of the Strongest Stock of Nifty as it was still not broken the Feb 09 Low of 582 showing strength.Formation of Head and Shoulder is visible with neckline placed at 621 is placed. If HDFC closes below 611 than we can see the revisit of feb low of 582 break of which will drag the stock below.....

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Nifty Weekly Technical for August 29

In markets, waiting for an opportunity is also Trait of Investor. One should not wait for a bottom as it will come only 1 Day rather wait for market to stabilize before committing your money to Mr Market.

Nifty Hourly

On Hourly Chart we are seeing formation of Falling Wedge Formation with Resistance at 4796 Levels
The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge.However, this bullish bias cannot be realized until a resistance breakout.

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Technicals:Bank Nifty,Reliance and ACC

Successful Trader Have an open and Opportunistic mindset and they Never Speculate the Price they just trade the price as per there trading plan.

Bank Nifty

Bank Nifty on Daily Charts has been falling from past 11 Sessions a Straight fall from 10500 -9100 Level a Fall of almost 1400 Points.

Bank Nifty should always be traded with DISCIPLINE as its quiet volatile and give trending moves.

The fall in BN is attributed to Rise in NPA(Non-Performing Assets) with Economy slowing down and Interest Rate Cycle at its peak.

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Nifty August Expiry Levels

Nifty Series expiry generally brings more pain to the people who are already in pain.
For August Month Nifty has traded in the Range of 5552-4796 which is a 756 Point Range.
This month, bulls are in pain - as if someone have bought at 5400 he is also down by 600 Points if the person is still Holding and he will have to exit position. Besides Bears and are in profit and will rollover  their shorts unless a delivery based buying happens which does not look either as FII sold 10 K Cores in Cash in August Expiry
Selling will again create a snowballing effect Small Selling can lead to ...


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Has Nifty made Short Term Bottom?

Nifty Hourly

On Nifty Hourly Chart Market resisted at the channel resistance @4965-76 levels and gave a quick fall. Today the Gap of 4893-4932 got filled and Hourly Indicators have become overbought.
Support will come at 4932 which is previous Resistance.

Nifty Daily

On Daily Chart Market is approaching the Wall of Resistance @

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Bank Nifty Technical View

Bank Nifty

Bank Nifty has corrected almost 800 as soon as it broke the Level of 10017 which we discussed in Previous post and Today made the low of 9224.

Bank Nifty is Highly Oversold on Charts and Relief rally should is offing if Bank Nifty closes above 9527 Levels. WE should always respect trend and Larger trend is Down till the High of 9587 is not crossed.

Buy above 9466 TGt 9527,9564 

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Has the Bottom Formed at 4793 in Nifty

Excitement is the first & last enemy of traders/investors. Keep a lid on it in this Volatile times.

Nifty Hourly

Nifty on Hourly Chart is moving in the trending channel as shown in above chart and touching the bottom on downward trendline@4800  before giving a 50 point jump in dying hours of trade on Friday.  On Upside Nifty will face resistance @4893  and above it 4932 the gap formed on Friday gap down. Break of 4793 will open the gate till 4500

Nifty Daily

On Daily Charts Nifty Continued its downward journey intact making  a new 52 week low @

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Can Money be made in Trading as a Profession

Bears Ruling Dalal Street with Nifty crashing to the most talked and Sacrosanct Level of 4800.
I have came across many traders who have lost a fortune while trading and few people who made a fortune. Trading is a profession in which you require a Army like discipline and a peaceful mind with temperament.

90% of Traders Loose money

So now question arises why Traders loose money?

1. Having No trading system :- Most of Traders i have interacted have no system to trade with. Trading system will help a trader to generate Buy and Sell Levels with a proper Sl.
Trading system should work in all Kind of market and should be properly back tested for at least 3 months.
As an example Trading system i follow has generated the following levels

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Mayhem on Dalal Street Bear Ruling Nifty

Never Buy in Anticipation of Market being Bottomed out Always trade with trend. I know its very difficult to control emotion and Temptation to buy at low levels thinking it as bottom but At last you end up losing Money...

Nifty Hourly

Nifty Hourly is moving in the channel from High of 5740 with few whipsaws but larger trend was between the 2 parallel trendline as shown in above chart. 4900 Taken out than fall will accelerate with momentum and in matter of day we can see 4800 levels.
Its a Global Crash which is happening and people will run for Flight to safety Valuation will never matter at this stage when there is overall Panic.
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Technicals:Nifty,Tata Motors and Reliance

Nifty

Nifty has been grinding in the range of 5010-5197 from last 1 week and slowly the range is getting contracted to 5120 levels.
Today we formed an INSIDE DAY which give an indication of range breakdown from 5010 or breakout above 5132 levels.
Looking at How the Stocks in Mid Caps stock are getting hammered out of shape Like Jet Airways or Any Infra or Real Estate Stock is a grave cause of Concern.
Some How Nifty is hanging Over FMCG stocks like ITC and HUL and ONGC.
Banks have also started to correct and Bank Nifty closes below

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Technical levels:Bank Nifty,M&M and Hero Motor Corp

Bank Nifty

Bank Nifty is again at crucial juncture of after today's low of 10023. Bank Nifty has a psychological support at 10000 levels 10017 to be precise. This Feb low has held during recent carnage and broke just one day during the huge hap down and Bank Nifty quickly recovered above this level.

BN is in stock downward trending market with the formation of lower lows. If 10017 gets taken out we will first

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Nifty Weekly Analysis for Week Starting 16 August

Wishing All Site Readers a Very Happy Independence Day 2011

We are living in the time where fear and doubt of reining supreme and trading in Volatile times.Hence Keep your trading volumes low as there is 80% Probability of whipsawing on both sides if you are trading on your emotions.

Nifty Hourly

A picture Speaks Thousands words. It is clear cut trading pattern which is present in above chart. Buy above 5121 to go to upper end of trading range near 5200 and Sell below 5121 for lower end of trading range 5010.
This …
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How to Stop Losing Money in trading

Nifty Moved from 5400 to 4960 and back from 5200 from 5052 today. How many points were you able to made out of it.

When I interact with my readers on Mail or Phone I feel most of the people loose money for  reasons as mentioned
1. They are very rigid in there views — They have made there minds Nifty will go down so even if it goes up keep holding the positions. Keep on averaging your loosing trade till you          are      exhausted of your cash
2. Most of people Trade in …
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Nifty and Bank Nifty Technical on IIP day

Nifty Hourly

Nifty had a sideways day today,trading in a tight range after the Volatile session we had in last 6 days. Todays session can be termed as sideways which triggers sl for both Bulls and Bears.
Looking at hourly chart we are stuck in trading range of 5116-5198 and break out on either side will see a move of at least 50 points .
Tomorrow We have the IIP data which will dictate the Trend of Market after 12 PM and will help in breaking the range on upside or downside.
As a …
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Trading Levels:Nifty,Bank Nifty and Jet Airways

Nifty Daily
Nifty Opened gap up of 100 Points yesterday Selling Pressure coming on Higher Levels and Unable to close above 5206 levels. Today we should open near 5120 levels. Volatility is at its peak and Buying in Option is not advisable. Sell Options to eat premium.
Test of this upmove will come near 5229 levels if it can close above it and fill the gap.
Stochastic is on verge of giving a Buy

Buy above 5123 Tgt 5151,5160,5198 and 5229

Sell below 5086 TGt 5054,5020 and 4980

Bank Nifty
Bank Nifty broke the levels of 10017 …
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Are we in 2008 Correction Scenario How to Trade Nifty Now

Are We back in 2008 Crash is what every trader and Investor is talking.
Before talking about Technicals of Nifty lets me talk about some Macro and Fundamental Aspect
Well this correction we are on going right now is not a 2000 deja vu reason being
1. 2008 there was lack of Liquidity in system right now There is ample liquidty in System
2. It was a credit bubble burst in 2008 People were heavily over leveraged.
3. In 2008 there was Lack of Confidence in Finnacial system but now Investor/Private Companies are not having …
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Techncial on M&M and Chambal Fertilizer

Mahindra&Mahindra

M&M is showing formation of higher bottom formation with todays rise on huge volumes . The neXt level of resistance zone is 712 which is 200 DMA for the stock.
Stochastic has generated a Buy with a close above 20 and RSI is also turning up. Volumes were good on todays rise above short term resistance of 50 SMA.

Buy above 700 TGt 712,726 and 740

Chambal Fertilizer
Chambal Fertilizer has shown a steep rally from 69 levels to 99 odd levels where it is facing resistance at its supply zone of Rs 99.
I …
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Will Bank Nifty Lead Nifty Higher

Bank Nifty
Bank Nifty has crashed 12.2% from top of 11887 and 9% from recent high of 11451 which has been horrendous fall, The Silver Lining in this Global Crash is fall in Crude Price which will help in improving in Current Account Deficit for Indian Government and in turn will help in easing inflation also.
As per me Investor should start buying Blue chips (Infosys,Tata Motors etc..)in Phased manner as valuation are quiet compelling No one can buy at Bottom and sell at Top, So start taking exposure to equities.
Bank Nifty …
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Nifty Weekly Technical View For Week 8 August

Wishing All Site Readers a Very Friendship Day !!
It has been a dramatic turn of events the last week Europe Crashed 10-13% in a Week USA Plunging 5% in a Week and The decision by S&P, the global ratings major, to cut US’s sovereign rating by a notch to ‘AA plus’ from ‘AAA’.
USA has lost its priced crown which will have its effect on both commodity and equities. In a sense its good for India in Long term.
For the Readers who want to know how Credit Agency sees India: …
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Trading System, Trading Rules and the Trading Plan

Today Nifty opened Gap Down and than continued its downtrend till it reached the 5120 levels set up a panic bottom than a pullback and a close above 5200 levels.How many traders blindly shorted at 5150 levels and end up in losses and How many must be averaging there longs at 5500-5600 levels only based on there emotions and intuition. As a Trader you should always trade on your trading system not with your emotions.
Buy and Sell only when your levels comes not on your emotions.
I have interacted with many …
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Bears Take Control Over Nifty– Levels to Trade

Nifty Hourly
Nifty hourly chart above had support at 5320 as discussed in our previous posts also proved to be the support in today fall.
Stock bounce in morning and started coming down as soon as 5378 got taken out.
Indicators are oversold but trending market it really does not matter. An Indicator can remain oversold for prolonged period of time.

Nifty Daily
Nifty kept on making lower bottoms and lower high on daily chart after the break of trendline support. As discussed yesterday Nifty left a gap till 5434 which needs to be filled. …
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Nifty and Bank Nifty Ready for Bounce?

Bank Nifty

Bank Nifty closed above the crucial trendline support and level of 10545 should be held for upmove in bank Nifty in coming session.
Stoch is in oversold zone but still no Buy is triggred. Holding 10545 will give strength to upmove till 10900 levels.

Below 10545 levels Bank Nifty can easily slide till 10300 levels easily where next support lies.

Buy above 10686 Tgt 10720,10758,10800

Sell below 10545 Tgt 10482 and 10419

Nifty
For Day Traders Trading Nifty has been difficult from past 5 sessions. Nifty has formed DOJI in past 4 sessions after …
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Nifty Bears on Prowl How to Trade now?

Nifty Hourly

Nifty is set to Open Gap Down of 80 Points as per  SGX Nifty (Click on Link to See SGX Nifty Rate ). Global markets are correcting on lower growth forecast and Weak Fragile economy of developed markets.

Trader should trade with the trend and never fight the market to protect his most valuable asset — Trading Capital.

As per Nifty Hourly Chart Next levels of support is at 5380 and 5320. We will open around 5380 levels and if around 10 Am we are still trading below 5400 levels we …
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Technical Analysis:BHEL and JP Associate

BHEL

BHEL has been awarded the 9 th most innovative company in the world. Results were a disaster set of numbers and market punished the stock.
Stock broke the crucial support of 1890 and went down to fill the gap made in may 09.
After the fall BHEL is consolidating in a range taking a breather in 1856-1800 range.Break of either 1800 will take the stock lower and Break of 1856 will take the stock higher where the breakdown occurred at 1890 levels.
Biased is towards downside as still the gap till 1754 needs …
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