The story is no different…..

The markets opened low but the U spirits has news that propelled to touch 608 high and low 570 I wrote as 570/609. I would have in long position but the system I regularly used was formatted and it struck with –win32 problem which disconnects the net. This trouble forced me to close and shift to other system. The other is get restart frequently causing disruption.

The Rel infra low cut was identified but with fear I covered 125 stocks for no loss no profit at 444.80 level fell upto 437 level. I could not enjoy the full benefit. The SBI kept on cutting the low but I failed to sell as well failed to sell ICICI inspite of my try to sell 500 at 267.7 and again 500 at 264.6 level. The stock fell to 258 level.

The later part I thought the market will cut the low, this time with Reliance. The idea went wrong and the market went up. The RIL crossed the high, I lost more than 100 and a 2.7 lakh volume.
The problems existed till yesterday from Jan-09 4th week from that date I have a story to tell and it kept on troubling me in one or the other way.

How far is NO-FAR….

The extreme side of the market direction from a high of 6357 is the depth of fall one is expecting to stop and at early.
The critical analysis shows that the markets are in tail spin fall to a dismal low of 2253.75 on 27-10-2008 from a high of 6357 on 08-01-2009.
The All-time High: 6357 and the All-time Low: 6357
The high to fall 6357 to 4448.50 low registered on 22-01-08 in 10 trading sessions with a fall of 1890 points.
HIGH : DATE LOW: DATE
6357.00 08-01-08 4448.50 22-01-08
5391.60 29-01-08 5071.15 31-01-08
5545.20 04-02-08 4803.60 11-02-08
5368.45 19-02-08 4620.50 10-03-08
5019.20 12-03-08 4468.55 18-06-08
4970.80 28-03-08 4628.75 16-04-08
5298.95 02-05-08 4913.80 12-05-08
5167.40 16-05-07 4536.25 05-06-08
4626.45 09-06-08 4369.80 10-05-06
4679.75 18-06-08 4093.20 25-06-08
4324.75 26-06-08 3848.25 02-07-08
4114.50 07-07-08 3896.05 08-07-08
4215.50 11-07-08 3790.20 16-07-08
4539.45 24-07-08 4159.15 29-07-08
4615.90 06-08-08 4464.00 08-08-08
4649.45 12-08-09 4248.00 22-08-08
4398.80 25-08-08 4201.85 28-11-08
4522.40 02-09-08 4328.90 05-09-08
4558.00 08-09-08 3919.35 16-09-08
4303.25 22-09-08 3715.05 30-09-08
4000.50 01-10-08 3198.95 10-10-08
3648.25 14-10-08 3046.60 17-10-08
3254.85 21-10-08 2252.75 27-10-08
3240.55 05-11-08 2502.90 20-11-09
2832.85 01-12-08 2570.70 02-12-08
3110.45 22-12-08 2701.75 15-01-09
2868.20 19-01-09 2661.75 23-01-09
2969.75 13-02-09 2539.45 06-03-09

The knowledge gained…..

The trading is an excellent opportunity to make money when we are crystallizes on certain stocks. The strength I gained these days after my debacle for 3 days is an excellent experiential knowledge gained.

The day trading will have a High and a Low. The same is true for a week, month, yearly and for a life time. The high cut and the low cut is very important to make money in the market for a day trader and so is for an investor.

The beauty of the market is that it survives with in the band with oscillation. The trader, swing trader or an investor has to find out the strength in that particular movement.

Strength Generated
Strength Gained
Strength in momentum
Strength exhausted

These four rules will rule the stock market. It depends on the fundamental qualities of the
The state of Economy,
The Industry/Sector of the company operates
The out look of that company’s position to reap the profits/ face the challenges and
The Investors interest in the sector/the company.

confidence built .....

The day lost but felt very happy for being able to read the market to the core. The opportunity early in the morning came to me and the best buying of Rel Infra at 429 low at 428.4.
I understood that the market is gaining momentum and the banks on the rise. I planned to buy HDFC back from the FO study and the stock available at 1139 and went up to 1240 level. I realized that the banking stocks are on the rise, ICICI was available at 254-255 level went upto 284 level.I planned to buy Axis bank at 287 levels and went upto 306. The HDFC bank planned to buy at 798 level missed went up to 825 level. The beauty part of the day is that the United Spirits will cross the first at 556 levels available at 552 level go upto 591 levels.

I made a grave mistake of selling Reliance at 1137.55 got for covering at 1136 but waited to take the full advantage as the rise is nascent but the market did not allowed me to cover and go long as I thought the selling average will do. It went up to 1153.8 level I built a position of 225 shares covered at various staged with a loss of 113 later sold 35 shares at 1153-54 level to bring the loss to around four rupees. The tension mounted to the height while holding the position but managed well to my satisfaction. The mistake I did was failed to sell 100 shares at 1155 level though my heart beats for the position but avoided for next as the tension carried became too heavy. It came to 1136 level from 1155.

I sold 250 ICICI at 276.5 level came to 258 level but covered for 50 paisa profit. I wasn’t to remember this day experience of position building and the method of trading in the markets with conviction along with TICKER LINE.
TOMORROW I WILL WRITE THE LESSONS FOR PRACTICE.

A classic "STERLITE" day….

It seems that those who don’t make enough money may cal it is a great learning process that took place on that particular day. My case may be the same as it was in line with the process…..
The striking difference I could make today is that I waited nearly two hours to complete the successful deal in Sterlite. I sold at 1.03pm and cold cove after 3.10pm.

The beauty of the day is about selling Reliance 50 shares at 1212 and it fell to 1142 but I was fearful to cover at 1208.65 it self.
The sorrowful story of the day is that I missed to sell the United spirits at 573 fell immediately to 563 then to 551 and bottom at 549.80

The fearful trading was at 457.80 I sold Rel infra but covered at 457.3 fell upto 438.0 level.
The most satisfying deal is that I sold sail at 76.65 and covered at 75.20After long time I made a deal for that much journey.
The interesting trading now a days is sell above the low and covering after low cut and vice versa in high cut stocks.

The real follow up market is happening but the opportunity offered by the market was not fully enjoyed. Now from this Sterlite experience with Godma’s grace I hope I will enjoy the maximum journey of the stock.

THE CYCLE IS COMPLETED....

I really learnt a great lesson today in my trading life. The day is neither opened for day traders nor opened for investors. The day needs to be segregated for both traders and investors.
The timing of market is very difficult because many a times we club both the regions in to one and get confused.
The early morning timing for rise in ICICI missed but participated in MC-Dowell and made some good money. When the market is making a correction to consolidated I was wrong to sell REL infra but messed up with the mistake that resulted in confusion. I checked with the time but again confused to read the market.
This confusion has created turbulence in my mind and made to do irresponsible trading. This costed me one thousand rupees loss.
I came to know after a series of discussions with Hema and Srinu that the money I made earlier was through position building and huge volume.
The earlier trades were not focused on LOW cut or HIGH cut but the timing was accurate as there was series of acid tests were conducted before plunging into position.

NOW I AM FULLY CONFIDENT THAT THE EARLIER CONCEPT OF MAKING MONEY AND THE RECENT MISTAKES I MADE TO LOOSE AT MARKETS. THIS COMPLETED INTROSPECTION OF THE TRADING METHODS OF THE POSITIVE STREGHTS AND THE GRAVE MISTAKES I OFFEN COMMIT. SO THE CYCLE IS COMPLETED AND I CAN DECLARE THAT I AM ADVANCED IN MY TRADING SKILLS TO BECOME A TICKKER SPECILAIST.

I AM CONFIDENT ON PRICE, VOLUME, TICKER MOVEMNT AND MARKET OPERATION. I HAVE TO PUT THIS KNOWLEDGE INTO PRACTICE.

The opportunity lost or accumulated experience…..

I have been in the market with lots of hope and built up dreams for more than two decades. I love the market so much that the opportunities emerged in the other fields was brought to failure as it seems.

The markets are for making huge money but not for the day to day survival. I noticed this fact but the survival in the market as well very important to make huge money from the market.

The claim I make now is that I could survive despite of meager amount but continued to work on the market movements. I never tried to stop the study at a low point of my success in the market.

I have mastered the price movement, support and resistance points and the volume theory in relation with price movement. I could understand the ticker that projects the future price of that scrip. I recently accumulate the market operation a vital point to make huge money.
So I can proudly announce the “FOUR PILLARS OF THE TEMPLE” were constructed. I can dream of making huge money from the markets from now. Till date I have been waiting for this day where I can mint money. I used to go in small lots and live to a very short period with position. Now I can draw the line and build position in line with the market trend with UJWAL Trading as KEEP ON…BUY OR SELL….

THE ROAD MAP ....…..

THE ROAD MAP FOR ACHIEVEMENTS BEGIN ....…..

DREAM: The dream is so big to change the life was not materialized till date.

POSSIBILTY: In case history is a record for projection can through a dim light but the experience gained can paint a brighter picture with a vision of colourful future.

OPPORTUNITY: The markets through a wide spread positive opportunity.

ACHEIVEMENT: The market reading is very close to real happening in the markets. I am proud to read and expect the future possibility with accuracy. The future will tell the actual achievement.

Now for a beginning with modest- daily Rs 5000/- net profit and a maximum aim of Rs 25,000/- and the best ever dreamt of having a gains with daily one lakh rupees.

.....THE COUNTING IS ON WITH EVERY DAY ACHIEVEMENT PUBLISH.

The US falls out….

The markets across the globe are in a queue to accept the US markets decision as DOW falls to 6-year lows. The Nifty is holding above 2735 could be a challenge as the global concern has worsen than expected.
The Nifty at home was down by Budget sentiment and followed by the US concern could hold for two days above 2750. The recovery in RIL is very important as the Banking sector lost more than 15% in some stocks and around 10% in most of the heavy weights despite the expectation of rate cut on the cards.
The stocks like GE shipping moved up from 187 to 225 levels now back to square. The ICICI from 360 levels to 440 levels now back to 360 levels. The effort made to move was used to exit is the main problem in the markets. The HNIs, MFs and FIIs have little conviction that the world economy will recover soon so is the Indian economy.
The Nifty is good above 2803 as Reliance good above 1306. The markets today may not hold above 2780 level cold test 2704 level first and the better support exists at 2680 level. The volumes were dried up and the trading has been confined to limited stocks with high degree of volatility based on news/expectations.
Today Nifty may face resistance at 2793 level may get support at 2724-29 level and next at 2703-05 level. The Reliance may face resistance at 1301-1298 level and will become weak below 1281 level may get support at 1246 level and next at 1238 level. The ONGC may face resistance at 683-86 level may get support at 662 level and next at 651-53 level. The Rel Infra may face resistance at 516 level may get support at 486 level and next at 473-71 level where the recent bottom support exists.
The ICICI may face resistance at 373-75 level may get support at 341-42level. The Relcap may face resistance at 381-83 level may get support at 359-57 level. The Bharti which built huge open interest at 640 CA may see steep fall if it trades below 639 support level. The BHEL is facing resistance above 1410-12 level may correct steeply if it closes below 1350 level.
The Asian Markets are trading in red with nearly1.5 - 2% cut and the ADRs were not deeply cut. The SGX Nifty is trading at 2740 level down by 52 points. The challenge now is to recover from the lows. In case the Govt willing to provide easy liquidity situation by signaling RBI to cut the CRR and Repo rate cuts to spur the local demand as the inflation is totally under control may save our markets, other wise the markets next broad range will be in a range of 2830-2420 for next quarter.

The symmetry and possibility….

The stock market is the best approved place where the history is well recognized to predict the future. The technical analysts are interested to extrapolate with an extension/drawn forward to predict the future based on the past. So the stock market predictors rely on the past and believe that the past is filled with vigor to reap profits in future. To draw a conclusion on the matter I want to go to a thumb rule to read the future performance.The possibility ofa repetition to make right symmetry could be possible at Nifty.

The Nifty was at around 6357 level in first week of Jan-08 and fell from the top to touch a low of 4468 level in the middle of March-08. A fall of nearly 1890 points from the top is nearly 30% of the registered high. Then the market took some oscillation till it reaches 5298 in the first week of May with 830 points rise is exactly 50% of the fall.The Nifty again fell from 5298 level to 4392 level to wipe out all the gains made earlier but took some support at the earlier lows that could propel Nifty to bounce in 5-6 trading days to touch a high of 4680 level which is again 30% rise.
The relentless steep fall from the 4680 level to 3848 by first week of July made a knock blow. The Nifty meltdown could wipe out the dreams of Bulls as it was earlier thought as a “BULL market correction”. The fall is again 30% from the top of 5298 level to 3848 level. The Nifty took support from this disastrous level to touch a high of 4215 but fell to 3926 level formed as a double bottom. The Nifty gained some strength to touch a high of 4650 level in the middle of August-08. This rise is exactly 505 of the second fall that triggered from 5298.

The third leg of the fall from the top took when the Nifty touched a high of 4650 level to touch a bottom of 3799 but again bounced as if the support existed at 3800 level to touch a level of 4303 level in 3 days but collapsed to a bottom level at 3199 level, bounced to 3650 in 3 days and continued the fall as extended leg to touch the lowest point till date at 2252 in the last week of October. This carnage in the Indian stock markets can be collaborated to a massacre and this relentless fall from the top to bottom is correlates to 63-65 % fall.

The beauty of the recent rise from 2252 to 3147 level is finding a place as a bounce back of the fall from 4650 then there is one more steep correction……………………..………..then the top for this possible correction be at 3147 level. If the same logic will drag the Nifty to 1940-60 level ??????????????????????