Trading strategy for 21st February 2012

Markets may witness volatility ahead of F&O expiry The market closed the week with firm trend after successive gains for the 7th week in a row but market pundits are of the opinion that it may well see some correction this week on profit taking at higher levels. Persistent buying by the FIIs during the week coupled with better than expected Q3 results of corporates too aided the market sentiment. The market this week may remain cautious in the absence of any trigger from the corporate world as the reporting season is almost over but volatility is not ruled out as the February F&O series ends this Thursday. Meantime, oil stocks may remain in the focus this week in view of EGOM meeting on changes in the gas allocation policy after reportedly sharp drop in output from KG-D6 block. Readers are advised to remain cautious with stock specific approach.
NIFTY FUTURE (Last close 5589.60)

The counter closed the week gaining a whopping 191 points over its previous close amid high volatility and intra week swing of more than 6%. The counter this week may remain in the range of 5496-5663, break above it may move further up to 5691/5714 or else break below it may slide to 5471/5433. For today’s trading the counter to retain its strength needs to trade and remain above 5613.75 where by it may move up to 5633/5655. Strong support for the counter exists at 5565.25 which if breached decisively with volumes then it may slide to 5543/5525.


The stock after consolidating closed the week gaining over one per-cent with high volumes indicating accumulation of the stock at current rates. The stock remains positive on charts and may move up to 209/212 once it trades and remains above 207.25. Strong support for the stock exists at 204.25.BF UTILITY FUTURE (Last close 445.00)

The stock after sharp run up since the beginning of last month appears to be witnessing profit taking at higher levels as is evident on charts. The stock closed on last Friday with marginal loss with moderate volumes indicating profit booking. The stock may further slide to 437/432 once it trades and remains below 442.25. Strong resistance for the stock exists at 449.75.

DEAR READERS,

• PLEASE WATCH THE MARKET TREND AND USE YOUR
  OWN DISCRETION BEFORE TAKING A TRADE.
  Protect profits with trailing stops and cut losses fast.
  Avoid adding contracts in loss making trades

Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.

Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won’t be liable or responsible for any legal or financial losses made by anybody.

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New 99% Profitable Trading Strategy

Trade with only 1 stock qty and having wide SL @ 3%
If market is profitable with 1 then it is advised to go for more qty with tight SL @.25 to .50 paisa
Control the nerves when trading
Often time trader loose their nerves when trading.  Traing should be purely mechanical.  Emotion cloud the thinking hence the results are negative.
Emotion of fear and greed are very lethal when trading.

know the value of your capital.  Dont ever loose more than 20% in a single day.

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Top Earning Strategies

This page is dedicated to the top most strategies for making good profit out of intraday trading.
These strategies are based on my personal experience and there is no guarantee of profit because it all is based on the practice.

The 2 4 8 rule

Activity           Qty       
Buy                   4
sell                    2
Stop loss           8

Intially to start with pls buy or sell exact qty as writte above.  The reason for this is :-

• Because after trading 5 minutes you will automatically get a fair idea of that particular stock movement.
• Also the market movement or chances of profitable trade.
• If I cant profit with less qty than I will also cant profit with large quantities.  Large quantities only shows the desperation, lost focus, greed, fear.  This is most important.  Profit always starts as small.
• Hence this strategy prevents big losses to my account.

If I get profit from these quantities then a add one zero to these quantities and so on.

Buy sell at difference prices quickly.  This is a very profitable scalping technique which Im using for very good profit in less time. 

The strategies involved

I want to pass these ideas to you out  of the gratitude I have towards the great teachers who delivered me from my own ignorance  during my initial years of struggle.

The bottom line here is that part of your success as a trader depends on to the extent to
which you're willing rely on objective analysis and use principles that go against the grain
of the establishment. What does the establishment teach? Review the content of magazines
such as Technical Analysis of Stock and Commodities and Futures. Look at the financial web
sites out there. You'll see these common themes:

1) Strategies and Techniques. There's always a hot new methodology that will somehow
improve your trading results. Success is from some external source, not something from within
yourself.

2) Predict the future. Figure the exact future dates when the market is likely to turn up or down.
Make a fortune buying bottoms and selling tops.

3) It's all in your head. No matter what your trading strategy is, you can succeed as long as you
have the right mental attitude.

While many of the ideas coming out of these themes may be valid and useful, they should not be
your main focus. If you were to start with a blank slate and allow your trading approach to be
completely reprogrammed, I'd upload the following into your brain: 

•  First start with money management. Understand the mathematics of how you optimize
incremental gains and keep losses to a minimum and have the discipline to apply in your
trading. 

Secondly, focus on market selection. There's such a wide array of tantalizing, enticing, and
irresistible trading products that opening the financial section of the paper is like walking into a
Las Vegas casino. You've got Leaps, Diamonds, Spiders, sector funds for everything, options on
everything, not to mention a pump and dumpers pushing a wide array of penny stocks. Instead of
thinking that you're going to find the Holy Grail that will trade any of these vehicles successfully,
you've got instead focus on identifying the small number of markets whose characteristics make
their behavior most predictable.

Finally, once you've got a handle on money management and market selection, then apply the
best trading techniques that you have available.