16 March 2013
Identify the picture
15 March 2013
MULTILEVEL MONEY MAKING CLUB
14 March 2013
NIFTY X-RAY REPORT FOR 15 MARCH
Nifty closed with highly positive sentiment up 0.99% in Last session. As per nifty Relative Strength Indicator (RSI), it is in highly positive zone. The recent price pattern on nifty daily chart had given trend reversal from 5663 with improving RSI towards upside in near term and it seems that nifty has made strong base near 5700. Nifty fell below today 5700 but soon it recovered fastly. stock may give more rise from here in near future. Nifty was in short term down trend till Monday but now it is in short term up trend. Nifty closed yesterday below 20 day moving avrages but soon it came above 20 DMA today and gave a positive signal. A good Bullish Candlestick pattern has formed on NIFTY EOD chart in last session Prior to pattern formation this Index was in short term downtrend. As per slow stochastic , NIFTY is in sell mode.
Nifty 5700 put highest open interest push nifty up very soon today and it didn't give allowance to remain it below 5700 level. Today in morning session 5800 and 5900 call added more than 12 lakh fresh open interest but in latter half all the open interest addition disappeared and finally 5900 call decreased more than 6 lakh fresh open interest indicating possibilities in near term. As nifty was up by 57 points and open interest decreased from in 5900 and 5800 call indicating strength towards upside after continuing down three days short term down trend. Put call ratio is at 1.18 indicating for bull trend.
WEEKLY HIGH - 5971 WEEKLY LOW - 5791.75
5 DMA DAILY - 5912
20 DMA DAILY- 5846
GO LONG IN NIFTY AT 5830-20 SPOT PRICE KEEP STOPLOSS AT 5790 TARGET EXPECTED 5890-5920.
As per Today's session nifty has given a very volatile and heart breaking session. There is a big resistance around 5970 level if nifty cross and sustained this time minmum 200 points rally we may see in nifty. Trend is buy on dip mode in short term point of view.
Target expected - 5970 if broken then 6080.
NIFTY UPDATE
Go long in Nifty at 5830-20 spot price keep stoploss at 5790 target expected 5890-5920.
13 March 2013
ZERODHA IN NEWS
Zerodha aims to treble revenues
He told Deccan Herald, “We are adding about 1,500 trading accounts every month and will end the current year with about 23,000 accounts, up from about 10,000 last year. Given this and our expansion plans over the coming months, we are confident of taking our revenues from an expected Rs 20 crore this fiscal to about Rs 50 to 60 crore next year.”
Besides, the firm is also looking for a strategic investor who would double up as a technology partner. “We are in talks with US-based brokerages. The amount to be raised would be in the range of about $1-1.50 million. We will be finalising the deal soon.”
He said that Zerodha will open a support centre in Ahmedabad this month and also in Surat, Kolkata and New Delhi in this calendar year.
Currently, about 70 per cent of its traders are based in South India. Zerodha operates on a profit margin of about 60 to 70 per cent and has a 70-member team including support centres in Hyderabad, Kochi and Hubli, apart from two offices in Bangalore.
The potential for online trading in India is huge; there are only about 40 lakh active traders, which has the potential to go up, according to Kamath. The number of demat accounts stood at about 2.10 crore as on February 28, 2013, at the two depositories, National Securities Depository Limited (1.26 crore demat accounts) and Central Depository Services (India) Limited (82.87 lakh demat accounts).
Zerodha’s daily business is about Rs 2,500 crore in equities, out of which about 95 per cent is in F&O segment and rest in cash. Besides, the daily turnover in commodities is about Rs 500 crore.
A zero-debt firm, Zerodha’s capital base is Rs 15 crore, all from promoters.
ARE YOU A BUSY PROFESSIONAL ?
Contact for portfolio... eyesnifty@gmail.comYou are probably a very busy professional, just like me.You would have a clear vision about where you want to see yourself in year ahead from now in terms of your net worth.You don’t have the time to read research and analysis, learn new methods, new systems, or read countless conflicting recommendations or you don't have time to trade in marketYou are NOT a day-trader! You are NOT a beginning trader. You are NOT a small investor.If these attributes correctly describe you, and If you can't do this then you have a good option for you.... portfolio management-I will manage your portfolio,-You will have to assign a trading/demat account with us.-All trade will done by me, you will be not allowed to involved in any trading decision.-Minimum capital intake is Rs. 3 lakh.-You can view the status of your account after market hour.-The net profit will be shared with the ratio 20:80-5% of capital you will need to pay in advance as charges.-20% is the downside risk. If your capital goes down by 20%, I will stop trading your account.-Daily trading report will be send via email. Rs 50000 is consider for one lot of nifty , and minimum 2 lots should require for managing portfolio.-You will have 100% right to quit any time.
MARKET UPDATE
10 March 2013
FOR HONEYMOON LOVERS
NIFTY X-RAY REPORT FOR 11 MARCH
Nifty closed with highly positive sentiment up 1.41% in Last session. As per nifty Relative Strength Indicator (RSI), it has placed now in highly positive zone. The recent price pattern on nifty daily chart has given trend reversal with improving RSI towards upside in near term and it seems that nifty has made strong base near 5700 and, stock may give more rise from here in near future. Nifty was in short term down trend till Thursday but now it is in short term up trend. Until unless nifty goes below 5850 this uptrend view will remain continue. A good another Bullish engulfing Candlestick pattern has formed on NIFTY EOD chart in last session Prior to pattern formation this Index was in short term downtrend. As per slow stochastic , NIFTY has come in strong positive zone and now it is placed with little overbought but it is not getting support with Rsi, currently MACD has given buy signal on daily chart but weekly chart is giving buy signal. Nifty was in consecutive downtrend since five weeks but reversal given in last week.
Nifty 5700 put has highest open interest at 97 lakh on the put side indicating strong base for the march series ahead. Nifty 5900 put added 2,666,950 fresh contracts in last session and 6000 put added 1,351,500 fresh contracts in Friday session. As nifty was up buy 82 points and addition in nifty 5900 and 6000 put indicating put has been written continuously and this is indicating further up trend. On the call side 6000 level has highest open interest but it has decreased 6 lakh contracts from open interest indicating further resistance around this zone. As nifty was up by 44 points and open interest added in 5900 and 6000 put indicating strength towards upside after continuing down trend. Put call ratio has improved from 1.05 to 1.15 level indicating that price may go more higher in further direction.
WEEKLY HIGH - 5952 WEEKLY LOW - 5663
5 DMA DAILY - 5822
20 DMA DAILY- 5848
Target expected - 5970 if broken then 6080.
Disclamer:-
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