| | Values as on 11th November, 2009 | | Index | Open | High | Low | Close | From yesterday | | Nifty Spot | 4882.30 | 5016.70 | 4870.05 | 5011.05 | +129.30(points) | | Nifty Future November | 4887.15 | 5024 | 4867.35 | 5013.95 | +141.80(points) | | Cnx Midcap 200 | 7022.95 | 7152.20 | 7001.40 | 7148.85 | +145(points) | | Cnxit | 5088 | 5280.10 | 5086 | 5254.90 | +191.95(points) | The above values of Index are actual closings at 3:30 pm and not the averages.
This is a simple newsletter which talks in the most simple terms how to go about making money in stock markets. It does not say ifs or buts but in simple terms just tells you what to do and earn. We know some people want to trade on Nifty, some on Bank Nifty or Cnxit or some stocks. So we have made a list of Indices and stocks for you to trade. The signals are derived on very fast moving indicators, so one will have to be fast enough to trade and reverse the positions. But if you wish to trade on anything, then do try and take 7 trades of that particular stock or index, so initially keep your volumes low and increase them as you develop confidence in the system. The basic premise of this system is to try and take the full trend of a stock and the beauty is that this system makes profit in a falling as well as a rising market. Our way of trading is such that we give small losses and try and take big profits. (This newsletter is ideally for someone who can take out say half an hour everyday in the morning between 10 to 10:30 in the morning while placing the order and evening another 15 minutes to check email and make decision for next day. )
{At the moment try and observe this newsletter for some days to have confidence in it before you trade}
| Name | Current Trend | Date trend changed | Rate trend changes | Level 1 | Status of the position | | Nifty | Up | 5th Nov 09 | 4765 | 4890 | Holding longs | | Bank Nifty | Up | 6th Nov 09 | 8723.65 | 9100 | Holding longs | | CNXIT | Up | 4th Nov 09 | 5023 | 5190 | Holding longs | | ACC | Up * | 11th Nov 09 | 732.50 | 757 | Holding Longs | | Tata Steel | Up | 5th Nov 09 | 485.75 | 503 | Holding longs | | Maruti | Down | 10th Nov 09 | 1445.55 | 1390 | Holding Shorts | | SBI | Up | 6th Nov 09 | 2205 | 2310 | Holding longs | | Infosys | Up | 9th Nov 09 | 2232 | 2290 | Holding longs | | SAIL | Up | 6th Nov 09 | 165.75 | 175 | Holding longs |
* Acc has come in uptrend at closing so it has been shown as bought. The readers may buy it at 10.10 am and hold the longs
Clarification : All prices mentioned here are the spot cash prices and not future prices.
Level 1 is the first level when profit taking should be done in half the quantity of that future. Ideally we expect an investor to take position in two lots and book profit in one lot at this level 1 so that one has some profit in hand.
Corelation between Dollar Index and Stock Market
21st October, 2009, the dollar index made a low of 74.95 and started a counterrally when everyone was expecting it to fall. On 20th October, nifty made high of 5181 and started to fall and on 3rd November fell to 4539. What a coincidence that on 3rd november dollar index made a high of 76.81 and then started to fall again. And simultaneously stock markets started to rise from 3rd november onwards. Now the dollar index on 11th November made a low of 74.77 and today is near 75 at the time of writing. Our markets nifty made high of 5017 yesterday. The million dollar question is whether our markets are moving in their own way or is the dollar Index making it move. (The best case scenario is that now if dollar index were to breach the immediate lower levels of 74.77 and stay decisively below them, then nifty would be able to go much higher but if dollar index starts a counterrally, then our markets can go down. Wait and watch is the buzzword. Till then wait for more comments in this newsletter and keep watching.)
| Do email us your query at support@crnindia.com And we would try to reply the same back through this newsletter or individual email as required.
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