Sensex

Tuesday, February 02, 2010

Re: SPAM-LOW: Re: [Technical-Investor] Be causious on Nifty : But good sign of further upmove

 

Hi Kishore,
 
You are right I am from bangalore but right now out of station and will be back only after 15-20 days.
 
There are lots of stuff online which you can search. If you go to Gangarams Books store  you get some books there, otherwise you can look for books at http://www.visionbooksindia.com/ 
 
When I was learning they do not use to sell online but now i believe they sell online or otherwise you can ask them to send you by VPP.
 
"Technical Analysis of Stock Trend" and "Technical Analysis Explained" From Martin Pring. These 2 books are good for starting a traditional techincal analysis.
 
other Method is Elliot Wave, which might take some time, but unfortunatly I never got a good book in india. if you
 
If you can afford Amazon.com then you can order any one of following book from Precher. These are simply great asset.
 
 
One Sincere Advice : If you are learning Technical Analysis and Want to make good money in market then remember the following :
 
1. Do a extensive study on Technical analysis, this will take atleast 2-3 months, as per my exp, then start trading in small amounts and slowly increase the quantity once you are comfortable.
2. When you learn technical analysis its very easy to think that you have learnt enought and now you can trade well, but that is not true its very vast and this is a place where for each mistake you loose money.
3. use strict dicipline.
4. Do not trade without stoploss even if sky falls :)
5. Use good Data, software and books for studying even if it costs more, becasue only money makes money. if you do not do this then you will end us saving pennies and loosing Dollors, whereas the idea is few times loose penny for a Doller :)

Regards,
Sneha.
 
----- Original Message -----
To: Sneha R
Sent: Wednesday, February 03, 2010 12:56 PM
Subject: Re: SPAM-LOW: Re: [Technical-Investor] Be causious on Nifty : But good sign of further upmove

 I do very small stock trading for the past 3 years. I don't know Technical Analysis. I joined the group some time back and I was planning to write a mail to the group asking about books/resources to start.

That aside, from the e-mail id, I assume you teach in Bangalore. I'm from Bangalore too. Can you let me know the details about your course?

Thanks,
Kishore


On Wed, Feb 3, 2010 at 12:50 PM, Sneha R <sneha@bangalore-consultants.com> wrote:
Sure. Please go ahead.
 
Regards.
Sneha.
----- Original Message -----
Sent: Wednesday, February 03, 2010 12:46 PM
Subject: SPAM-LOW: Re: [Technical-Investor] Be causious on Nifty : But good sign of further upmove

Hi Sneha,

You mentioned you are teaching TA. Can I ask you questions about that now?

--Kishore


On Wed, Feb 3, 2010 at 11:29 AM, Sneha <snehatilwani@yahoo.com> wrote:
 

Dear Friends,

I am sorry I was not in town yesterday so was unable to reply to few of our friends.

Now nifty is trading above its 50% Retracement of 4917 (which is taken from low of 4531 and high of 5303).

This is critical resistance for Nifty , the next target for nifty will be 5008 and 5110.

Support side nifty has support at 4826. (this is major one, nifty has aredy tested this level 4 times, so if it closes below that then there may be short term worry and market can head towards 4600 (but again this is short term, long term market is bullish)

Use of stoploss : As per my experiance and suggestion, whenever you put a stoploss put it few points away from its actual stoploss, otherwise you might see that it hits the stoploss and again goes back to its level.

Recomendation: Today's market is very volatile, if it sustains then its really good for market and might be a new rally upwards, but same time if it falls then 4600 is not rulled out, so i will suggest to stay out for today as it has already 90+ point high.

If anyone is needs techincal view support and resistance then please mail me, i will try to provide it as soon as possible.

Today I am online so you can expect quick reply and again its FREE so do not hesitate.

Note: This is just personal view if you are trading on this, please trade use your experiance, expertise and trade on your own risk.


Regards,
Sneha

 



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