Nifty Intraday -31-.07.15- Shekhar's Tech

Nifty Intraday/Day trading levels-

31.07.15

Buy Above 8475 With SL 8454 For Targets (8516)  (8532)

Sell Below 8454 With SL 8474 For Targets (8411)- (8395)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. For buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    For sell targets...can buy with stop loss of -15 points from 2ndt target

Follow ups-

9:30 AM
i was late buy my level was curect so i'll update this both cal in my performances...
9:30 AM
Now runing sell cal ...let see
9:36 AM
the trades who has sold...they can exit now cost2cost...already got 1st trgt hitedddd
9:37 AM
Got 42 points in long call...
3:33 PM

again sort cal given 25 points ...but won't consider that now .

Got total points is 42

Nifty Intraday on Expiry -30-.07.15- Shekhar's Tech

Nifty Intraday/Day trading levels-

30.07.15

Buy Above 8378 With SL 8358  For Targets (8419)  (8435)

Sell Below 8358 With SL 8377 For Targets (8316)- (8300)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. For buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    For sell targets...can buy with stop loss of -15 points from 2ndt target

Follow ups-

9:22 AM
by 2nd rule could sort at 1st buy trgt...
10:31 AM
buy 2nd trgt 2 times worked as a resistance
11:44 AM
Sl hit out now...
12:01 PM

Almosot loss of 30 points ...


Got loss total points is -30

Nifty Intraday-29.07.15- Shekhar's Tech

Nifty Intraday/Day trading levels-

29.07.15

Buy Above 8375 With SL 8355  For Targets (8416)  (8432)

Sell Below 8355 With SL 8374 For Targets (8313)- (8297)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. For buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    For sell targets...can buy with stop loss of -15 points from 2ndt target

Follow ups-

12:35 PM
now keep sl in system...
12:37 PM
by the way never panic just see ur levels and keep in system..
12:44 PM
few traders had kept order for long by a faast spike no one has got long call that's why NO SL IN LONG CALL>>>
2:33 PM
Sl hit me short cal ...
2:33 PM

now can go for long ...
and book here near 8382
Now total points is -22+5=-17 points

Got loss total points is -17 

How to be a successful stock trader-Shekhar's Tech.

  Trading for a living or active trading is a rewarding career , especially because of the financial independence and instant gratification. But a decision to become an active trader has to be made very carefully after analysing your skills, dedication, discipline and love for trading. Otherwise, this can be detrimental to your professional and personal life. 

Here are some rules that amateurs/beginners should know to be a winner: 

1. Never go against the trend. This means if the market is going up, don't sell; and if it is coming down, don't buy. Only expert traders should ideally take counter-trend trades as the skills required are a lot more for such trades. 

2. One of the best ways to start off trading is by learning technical analysis or trading by looking at the charts. Most technical analysis strategies never give buy/sell signals against the trend and hence, indirectly help you stick to rule Number 1. A good way to start off technical analysis is by reading about candlesticks and moving averages. 

3. Do not follow tips from others blindly. To grow as a trader we need to understand the logic behind every trade, document it and learn from every trade taken. 

4. Risk/money management is probably the most important skill required to be a profitable trader. It is very important to firstly allocate the correct trading capital losing which won't hurt you. And the money put up for every trade should not be more than 10 to 15 per cent of the total capital allocated. 

5. It is also very important as an amateur to have a stop loss on every trade you take - basically a predetermined point to book a loss if you're not right. By doing this we exit the wrong trades fast and have the mental balance to look out for other profitable trades. One of the biggest mistakes made by traders is adding more size to reduce the cost of acquisition when they are wrong, rather than exiting, saying I am wrong. 

Another important thing to know as a trader is to slow down when things don't go right, instead of increasing the trading capital. 

Trading the markets actively is an amazing career and like any other business not everyone can succeed, but following all the simple rules above will increase the odds of becoming a winner.

(The author is the founder and CEO of Zerodha, an online trading platform)

Top six reasons why Sensex slipped 551 points, breached below 28K-Shekhar's Tech:

              NEW DELHI: The S&P BSE Sensex ended the session down 550.93 points, or 1.96 per cent, at 27,561.38 amid worries over a likely tightening of participatory notes (P-notes) rules following a recommendation by a Supreme Court panel on black money. A sharp fall in Asian markets added to the sentiment.

The 50-share Nifty index settled 160.55 points, or 1.88 per cent, to close at 8,361.

We have collated a list of six reasons why Sensex could have been under pressure in today's trade:

Concerns over P-Notes:

A Supreme Court-appointed Special Investigation Team (SIT) entrusted with the task of suggesting measures to curb black money recommended Sebi should do more to identify real owners of P-notes and restrict their transfer last week.

While the SIT's recommendations, released after trading hours on Friday, have triggered unease at Dalal Street, some brokers and fund managers said stocks are unlikely to react sharply, said an ET report.

The positions held through P-notes are worth Rs 2,75,436 crore, or 11.5 per cent of the assets under custody of foreign portfolio investors, which is Rs 23,86,457 crore, added the report.

Will the government accept the Supreme Court-appointed special investigation team's proposal to tighten rules on participatory notes?

That is what market participants are debating as they await reactions from the government and Securities & Exchange Board of India (Sebi).

"Anything which will disrupt the flow will not go down well with the market. In my opinion, SEBI should have cracked down on this many years ago, the regulator must know who the main beneficiaries are in these PE notes, because that is extremely relevant," says Hemindra Hazari, a market expert.

"The structures have been deliberately created for this type of activity which no government, no regulator, should really tolerate, but of course markets do not see that way, markets will see it as a disruption of flows," he added.

China sell-off: 

China market plunged more than 8 per cent, to post its biggest one-day drop in more than eight years. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slid 7.00 percent, or 162.62 points, to 2,160.09 on turnover of 667.7 billion yuan.

Adding to a list of economic worries, Chinese industrial profits, which rose on an annual basis in April and May, dropped in June. The news added to pressures on an economy that is struggling to regain momentum, said media reports.

Investors are also worried over whether the government will exit the market by removing the support funds which have propped up prices.

The reason for such massive fall of 27% in SSE Composite Index form the top can be only one, it is the end of 12 months old bull market which took the SSE Composite Index from 2000 to 5178 a rise of whopping 160%, say experts.

"All the ingredients of bull market top were visible. The barrage of IPO's which began last year by Alibaba and reached its epitome in May 2015 by sucking away Billions of dollars," says Jimeet Modi, CEO, SAMCO securities.

"For example, China National Nuclear Power Corporation seeking 2 Billion USD in IPO funds ended up with whopping over subscription up to 236 Billion USD, a crazy IPO frenzy seen never before in the history," he added.

Modi is of the view that when everyone is bullish in the market, it's a top, and so was with the Chinese market, and nothing can change the direction of the markets. Government carried out many measures in the recent past, but failed. second reason


US Federal Reserve meet:

Investors across the globe are eyeing the upcoming US Federal Reserve meeting that might hint on trajectory of the hike in US interest rates.

The US Fed's policy-setting Open Market Committee meets on Tuesday and Wednesday and is considered highly unlikely to lift interest rates just yet, though it does still seem set on a move in September, said a Reuters report.

The most important factor is going to be the Fed meet later this week. All eyes will be on whether or not the Fed gives a clear hint on its likely course of action.

"In all probability, it is only going to be a hint. The Fed never says anything in plain language, nor does any central bank for that matter," says Mythili Bhusnurmath, Consulting Editor, ET Now.

"But if we get a firmer hint on the timing of rate action - a clearer indication that September will be the time rather than December - it would really be a very key factor in determining a whole host of things, including the general market direction," she added.

Muted corporate earnings:

The uptrend in Indian market was stalled last week as results from key heavyweights failed to lift market sentiment. Companies like HUL reported muted numbers on weak rural demand. Even RIL reported a mixed set of numbers.

Now, all eyes will be on earnings for this week. Nestle, Yes Bank, Essar Oil, SpiceJet, Andhra Bank, Ambuja Cements, Century Textiles, Tech MahindraBSE 1.59 %, Maruti SuzukiBSE -1.35 %, Kotak Mahindra Bank, PNB, Dabur, HDFC, ICICI Bank, MRF, Bank of Baroda, among others, will declare their first-quarter numbers next week.

"This quarter, results are not going to be great. If you are looking at the next three or six months, of course, you can build that case but you extend your horizon a slightly more for the next couple of years, the picture changes dramatically," says Navneet Munot, CIO, SBI MF.

"Companies which are in the global commodities have got impacted by the cross-currency currents, and some companies got impacted by hit in the rural consumption and, of course, the stress in the banking sector," he added.

Parliamentary logjam:

The first week of the monsoon session of parliament, which commenced on July 21, has been a complete washout. Analysts expect further delay in the passage of key bills.

Anup Maheshwari - Head - Equities & Corporate Strategy, DSP BlackRock is of the view that to expect the bills to go through in parliament this time is a bit of a long shot. Given the way parliament is at the moment, we are not expecting it.

"The Land Bill is a much more delayed phenomenon and there are a lot of things to iron out there. However, we are hoping that GST will go through, at least by the winter session, and if that does come through, then it is good for the country," he added.

F&O expiry on Thursday:

Benchmark indices which slipped over 1 per cent for the week ended July 24 are likely to remain volatile in the coming week ahead of July F&O expiry, due on July 30, say experts.

"Technically, Nifty Future is trading in a narrow range of 8470 - 8670 levels; it is expected to remain volatile as July month's derivative contract will expire," says Vivek Gupta, CMT - Director Research, CapitalVia Global Research Limited.

Nifty Intraday-28.07.15- Shekhar's Tech

Nifty Intraday/Day trading levels-

28.07.15

Buy Above 8425 With SL 8405  For Targets (8466)  (8482)

Sell Below 8405 With SL 8424 For Targets (8362)- (8346)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. For buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    For sell targets...can buy with stop loss of -15 points from 2ndt target

Follow ups-

wait for entry by both rules...

Go for long as rules 2nd

who have bought around sell trgts can keep 25 points book 50%.

keep 40 points and out from long call...

Go for sell as rule 1sr

hope all sold here 8402.5-5...now wait for SL or trgt...

book here @ 8380 around and out for day

total by both call-in bought average is 35 points and in sell call 31 points

Got total points is 62

Nifty Intraday-27.07.15- Shekhar's Tech

Nifty Intraday/Day trading levels-

27.07.15

Buy Above 8563 With SL 8542  For Targets (8605)  (8621)

Sell Below 8542 With SL 8562 For Targets (8499)- (8483)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. For buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    For sell targets...can buy with stop loss of -15 points from 2ndt target

Follow ups-

9:17 AM

go for long by 2nd rule...

near 8482 SL triggered as bought from sell trgt 

by rule 2nd.

Got loss total points is -15