The markets closed with substantial gains Last week but the gain was confined to largecap counters. The Sensex was up 1.3% and Nifty gained 1.4% over the week. The top Nifty gainers during the week were Ambuja cement, Grasim, and ACC while the biggest losers included NTPC, Bank of Baroda and SAIL.
All Indians are eagerly waiting for Greece election and RBI credit policy. I don't understand that why you people are worried about this type news and putting yourself in stress, if you are a trader. For a trader both side have opportunity. If market goes up there is money, and if market goes down there is also money. So why should I worried about that. I think there is a common thinking in small and prematured traders that we will miss the opportunity if we won't buy. This prematured thinking is a big reason in loosing money. Missing opportunity is better than loosing money. If you have come into the stock market to making money, well you should look every side is money. we should not take tension about News and event. But we should wait patiently to come out the news and then plan for taking position. There are every side money. I have made a plan to get ride of this type of aggressive trading. You can make handsome money without being hectic and aggressive.
HOW ?
LETS UNDERSTAND.
If you gain 250 points per months with one lot trading in nifty future, you can reach upto 32 lots in just 20 months.
HOW WILL IT POSSIBLE AND WHAT WILL BE INCOME ?
If you trade for first 4 months by taking 250 points every months, your money would become 100000 if you had invested 50000. RS.12500 profit every month till 4th month.
Lets understand this with a table below. I have made each 4 months slab.
MONTHS-LOTS- CAPITAL- POINT/LOT- INCOME/PM
0 to 3------01--------50000-----250 x1=250 -----12500.00
4 to 7------02----- --100000 ---250 x2=500------25000.00
8 to11-----04--------200000----250 x4=1000--- -50000.00
12to 15----08--------400000---250x 8=2000----100000.00
16 to 19---16--------800000----250x16=4000----200000.00
20 to 23---32-------1600000---250x32=8000----400000.00
we have already gained 302 points till now in this month. I update this traded points on my website also so that you could gain confidence about this strategy. So why should I worried. Its not necessary that market ahead will be same but our target is to gain 1000 points in just 4 months.
Thats why this plan has become famous in India and every day I received so many mails regarding this plan. 250 points can acheave every month easily without being hectic and aggressive, without taking too much tension about news and events. Without taking too much risk of your capital. Small investors who come into stock market by carrying a dream that they will earn money, my this plan is too much popular among them. Protect your capital and earn handsome money.
This is the only plan which may take you upto 4 lac per month income in just 20 Months with investment of Rs.50000.00 only.
Do you want to trade with this type of low risk and safest strategy or you want to trade like premature traders choice is yours. any way this was the strategy.
Now come to the technical talk.
Nifty again closed near its resistance around 5145 level. All technical indicators are in favor of bulls. Nifty 5100 put added 1357600 contracts in open interest and 5100 call decreased 511500 contract5s from open interest. 5200 call up side has highest open interest with 6447350 contracts. Still 5200 call has highest writing. Nifty future closed at 5147 up by 1.85% and open interest increased by 4.81%, indicates that fresh long has been buildup in the market on friday. Put call ratio open interest increased from 1.44 to 1.51 and put call ratio volume decreased from 1.14 to 1.01 This indicates that trend reversal is very very soon.Another indicators like money flow index is also not showing too much strength on last friday session. One more thing I have noticed that slow stochastic indicators on weekly charts has moved up very sharply only in two green candle, indicates that up side will lock very soon. As 5200 open interest on the upside has highest OI may lock the speed of bulls around 5200 level. don't take any position before RBI news. All above or bellow points is yours. There are two events ahead in this week which can make market very volatile, and this can happen very suddenly. Three things are characteristic
of markets then. First, they could reverse. Second, they could break
above resistance in a torrid rally higher and faster than anyone
thought. Third, they could break below support and fall much further and
faster than anyone thought. This was the technical talk about market and there are two important event have to happen in the market so lets some consider towards astrology. As per astrology Venus is still retrograde through June 27, and so many markets will remain still undecided about what their trend really is.This week is the celestial calm before the cosmic storm. Not much is
happening this week other than a new moon on Tuesday, June 19 and the
summer solstice starting on June 20 when the Sun enters Cancer. Several
heliocentric planets are now changing signs and indicating reversal from 25th June and expected to remain negative trend till 25 July. I expect down move with volatile session on 18th and 19th June.
If nifty come around 5200 Traders can positional short nifty with stoploss at 5235 for the target of 5050.
Take decision after RBI credit policy.
GOOD LUCK