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 ??????????????????????

The challenge to overcome….

The worst effected challenge to cover my short of ICICI bank sold at 459 forced to cover at 460.85 level despite the market fall by more than 20 points, the loss was booked for Rs 569/-. I was terribly shaken due to this forced closure as the extra selling at higher level was restricted due to margin requirement despite of my 95000 margin. The IIFL restricted for selling of 500 shares in ICICI bank.

Later I took the opportunity to 250 ICICI sell at 472.85 levels but I advanced to 473.65 levels where I added 150 shares total cover for profit at 470.35, 470.85 and 481.85 levels. The profit was at the end was Rs 368/-. I relaxed for a bit but missed to buy DLF when Bhulakshmi came at that time. We all greeted her “Happy Birth Day”.

I made some money in SBI when I identified and shorted at 1298.65 levels and coved at 1288 level. I missed to sell ICICI but sold only 25 shares. Later no big deal was made due to fear of loosing the money made. I could stop the over trade with 960 gross profit.

I identified the Bull move in Relcap and the REL infra. The DLF crossed the 309 level I identified in the morning, wrote in my diary. I identified the up move at 283 levels I tried to buy at 291levels but confined to 5 shares instead of 250. I kept my study on and felt happy for being like that instead of taking a position.