| | Values as on 12th November, 2009 | | Index | Open | High | Low | Close | From yesterday | | Nifty Spot | 5004.40 | 5014.40 | 4924.75 | 4960.35 | -50.70(points) | | Nifty Future November | 4998 | 5017 | 4917.55 | 4969.05 | -44.90(points) | | Cnx Midcap 200 | 7140.20 | 7171.80 | 7022.10 | 7055.80 | -93.05(points) | | Cnxit | 5269.95 | 5336 | 5266 | 5324.55 | +69.65(points) | | Bank Nifty | 9300 | 9330.50 | 9011.20 | 9115.55 | -228.40(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 | Down * | 12th Nov 09 | 4952.65 | 4800 | Holding shorts | | Bank Nifty | Down * | 12th Nov 09 | 9084.80 | 8800 | Holding shorts | | CNXIT | Up | 4th Nov 09 | 5023 | 5190 | Holding longs | | ACC | Up | 11th Nov 09 | 732.50 | 757 | Holding Longs | | Tata Steel | Down * | 12th Nov 09 | 512.05 | 488 | Holding short | | Maruti | Down | 10th Nov 09 | 1445.55 | 1390 | Holding Shorts | | SBI | Down * | 12th Nov 09 | 2293.65 | 2210 | Holding shorts | | Infosys | Up | 9th Nov 09 | 2232 | 2290 | Holding longs | | SAIL | Down * | 12th Nov 09 | 176.25 | 170 | Holding shorts |
* The Indices and the stocks have come in downtrend at closing so it has been shown as shorted. The readers may short them at 10.10 am and hold the shorts
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.
Correlation between Dollar Index and Stock Market
Dollar index took good support at 75 levels and bounced from there and with that all world stock markets including commodities came down tumbling. So it was the dollar index which moved the markets down though ideally the IIP figures which were so positive should have moved the markets up. Let us see if IIP figures can still move markets higher or not when dollar index is up. Crude also came down showing less demand.
| 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.
| Answer to readers queries which we got at support@crnindia.com Question by some investors -- as to why we do not give targets ?
- We do not wish to give any targets as we do not know how much the stock can rise or fall, so we take position in two lots and one lot we quit at the level mentioned above to take some profits and other lot we go on holding. Keep watching and you will understand.
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