Expect, Bounced Back But Only and Only Above..5454.00 Mark
Today's Below ...........5417.00 Mark...and stayed that Level for Consecutive 20 Minutes............Immediately Expect a Level of ______(To know Subscribe)
While Markets continue to linger in the oversold territory, every rise is being sold-off by investors. Yesterday's late hour smack down was a big disappointment. Raja's arrest is just a lame excuse for markets to move down.
The silverlining in the last three days session is buying emerging on all dips. It is just a matter of time one witnesses relief rally but the chances of a relief rally converting into a full fledged rally look bleak, atleast in the extreme short term
JGS Investments is a home of expert stockmarket analysts, and premier source for technical analysts research and information on Indian Stock Markets.Just join us at Yahoo Messenger sheth_jg@yahoo.com OR Email at sheth_jg@yahoo.com
Thursday, February 3, 2011
Wednesday, February 2, 2011
Subscribe to Expert Advice !!!
We, Unleash...Seven Secrets to Become the Successful Trader in Stocks Market !
1. TAKE COMPLETE RESPONSIBILITY
The successful trader knows that every action he takes is his/her action. You will never meet a successful trader who is looking to blame someone or something else for his or her losses.
This is a critical step in understand how to become a successful trader because until you take complete responsibility for all of your trades, you will never feel comfortable with your system and you will never reap the rewards.
Additionally, when something goes wrong with a trade or an investment endeavor, the traders who take complete responsibility for their actions will look at those "failures" as learning experiences.
The trader who takes responsibility will try and determine what went wrong and what needs to be done in order to avoid similar mistakes in the future. The trader who does not take complete responsibility will simply say "the market wasn't right" or "my broker is an idiot".
That trader will likely make the same mistakes again and will never understand why he/she cannot win in the stock market. This step is critical.
Before all else, you must accept everything that you do as your responsibility. The game can only be won out of luck if you don't follow this first step.
2. HAVE A SYSTEM THAT FITS YOU
So how do you find a system that works for you?
You have to work backwards by discovering what your objectives are!
What annual rate of return are you looking for?
Do you want to trade full time or just leisurely?
Would you get stressed with daily gains and daily losses?
Are you extremely patient with your investments?
Do you need to make lots of decisions?
Which trading systems do you know and feel comfortable with?
How much research have you done?
There are so many questions to ask yourself because it is absolutely vital that you choose a system that really works for you.
If you are not comfortable with your system then you will always be tempted to break your rules. Your health will likely suffer as much as your portfolio.
3. PLAN A TRADE AND TRADE A PLAN
The point of this rule is that you must develop a system that is right for you and then stick to it no matter what. As a result, your plan must be able to cater for every eventuality.
Once you put your money down then you no longer can control what happens. You won't know what the prices will do so you can't worry about anything except following your plan.
What will your entry be?
What will your exit be?
What happens if there is a merger?
What happens if the price gets close to your stop order?
So make sure that your system plans for everything. Then you just need to follow your rules and you won't have to think (or stress) at all.
4. WORK HARD AT LEARNING HOW TO TRADE PROPERLY AND KEEP WORKING
In other words, once you have put the time and energy into determining your system, your work is not done. You have to constantly evaluate and assess your system via education.
Now, I'm not saying that you have to worry about your plan every time you make a trade. That would contradict Secret number 3!
What I'm saying is that if you were a brain surgeon would you stop learning new techniques and new technology after you finished your internship? I certainly hope not!
Hopefully, you'll keep educating yourself so that, at minimum, you can keep up with the changing times. At maximum, you keep improving until you become one of the best
.
Keep learning ... even when you think you know everything there is to know about investing.
5. POSITIVE SELF-BELIEF
The top traders know that it is the discipline displayed in following their rules that make all the difference. If you do not believe in yourself and your system then you are going to have difficulty following your rules.
Following your rules is the most important aspect of successful trading. But even if you do follow all your rules, if you are constantly doubting yourself then you aren't going to have any fun at all, plain and simple ...
You will be miserable!
6. VIEW TRADING AS A SCORE IN POINTS AND NOT MONEY
Simply put, forget about the money. Follow your rules and pretend you are playing with chips. Be happy that you stuck to your rules and are winning the game.
But if you think too much about the money then the losses will eat you up. You have to look at the big picture and the best way to do that is to forget about the money.
In action terms, it means to stop looking at the newspaper every morning to see if your stock has gone up or down.
If it hasn't triggered one of your actions (like exit or another entry) then don't worry about it because it doesn't concern you until action is required.
If you stick to your rules then you really shouldn't even need to know anything about your stocks or your money until action is required (and even then you can automate most of those processes).
The top traders never saw their trading as a cash box. They were either running a business or playing a game.
It just is not possible to become a top trader if you view every single tick in the market as money lost or money gained.
7. KEEP TRADING AS PART OF A BALANCED LIFE
This is an extension of Secret #6. Trading is stressful no matter who you talk to. Money is stress. So do everything you can think of to eliminate this stress. You will be happier and you'll be more successful.
1. TAKE COMPLETE RESPONSIBILITY
The successful trader knows that every action he takes is his/her action. You will never meet a successful trader who is looking to blame someone or something else for his or her losses.
This is a critical step in understand how to become a successful trader because until you take complete responsibility for all of your trades, you will never feel comfortable with your system and you will never reap the rewards.
Additionally, when something goes wrong with a trade or an investment endeavor, the traders who take complete responsibility for their actions will look at those "failures" as learning experiences.
The trader who takes responsibility will try and determine what went wrong and what needs to be done in order to avoid similar mistakes in the future. The trader who does not take complete responsibility will simply say "the market wasn't right" or "my broker is an idiot".
That trader will likely make the same mistakes again and will never understand why he/she cannot win in the stock market. This step is critical.
Before all else, you must accept everything that you do as your responsibility. The game can only be won out of luck if you don't follow this first step.
2. HAVE A SYSTEM THAT FITS YOU
So how do you find a system that works for you?
You have to work backwards by discovering what your objectives are!
What annual rate of return are you looking for?
Do you want to trade full time or just leisurely?
Would you get stressed with daily gains and daily losses?
Are you extremely patient with your investments?
Do you need to make lots of decisions?
Which trading systems do you know and feel comfortable with?
How much research have you done?
There are so many questions to ask yourself because it is absolutely vital that you choose a system that really works for you.
If you are not comfortable with your system then you will always be tempted to break your rules. Your health will likely suffer as much as your portfolio.
3. PLAN A TRADE AND TRADE A PLAN
The point of this rule is that you must develop a system that is right for you and then stick to it no matter what. As a result, your plan must be able to cater for every eventuality.
Once you put your money down then you no longer can control what happens. You won't know what the prices will do so you can't worry about anything except following your plan.
What will your entry be?
What will your exit be?
What happens if there is a merger?
What happens if the price gets close to your stop order?
So make sure that your system plans for everything. Then you just need to follow your rules and you won't have to think (or stress) at all.
4. WORK HARD AT LEARNING HOW TO TRADE PROPERLY AND KEEP WORKING
In other words, once you have put the time and energy into determining your system, your work is not done. You have to constantly evaluate and assess your system via education.
Now, I'm not saying that you have to worry about your plan every time you make a trade. That would contradict Secret number 3!
What I'm saying is that if you were a brain surgeon would you stop learning new techniques and new technology after you finished your internship? I certainly hope not!
Hopefully, you'll keep educating yourself so that, at minimum, you can keep up with the changing times. At maximum, you keep improving until you become one of the best
.
Keep learning ... even when you think you know everything there is to know about investing.
5. POSITIVE SELF-BELIEF
The top traders know that it is the discipline displayed in following their rules that make all the difference. If you do not believe in yourself and your system then you are going to have difficulty following your rules.
Following your rules is the most important aspect of successful trading. But even if you do follow all your rules, if you are constantly doubting yourself then you aren't going to have any fun at all, plain and simple ...
You will be miserable!
6. VIEW TRADING AS A SCORE IN POINTS AND NOT MONEY
Simply put, forget about the money. Follow your rules and pretend you are playing with chips. Be happy that you stuck to your rules and are winning the game.
But if you think too much about the money then the losses will eat you up. You have to look at the big picture and the best way to do that is to forget about the money.
In action terms, it means to stop looking at the newspaper every morning to see if your stock has gone up or down.
If it hasn't triggered one of your actions (like exit or another entry) then don't worry about it because it doesn't concern you until action is required.
If you stick to your rules then you really shouldn't even need to know anything about your stocks or your money until action is required (and even then you can automate most of those processes).
The top traders never saw their trading as a cash box. They were either running a business or playing a game.
It just is not possible to become a top trader if you view every single tick in the market as money lost or money gained.
7. KEEP TRADING AS PART OF A BALANCED LIFE
This is an extension of Secret #6. Trading is stressful no matter who you talk to. Money is stress. So do everything you can think of to eliminate this stress. You will be happier and you'll be more successful.
Tuesday, February 1, 2011
Domestic Institutions bought equities worth Rs 1000 crore yesterday
Dalal Street might witness the much awaited pull back rally on Tuesday as Asian markets traded in green on positive US markets. FII selling continued on Monday but DIIs came to the rescue with a Rs 1000 crore buying which shadowed the Rs 900 crore sell-off in the cash segment by FIIs.
Markets - The cat fight begin
Yesterday's tape did speak of some buying emerging at lower levels. We believe from here on it is not going to be easy for bears to drive down the indices. Domestic Institutions and Insurance companies who are sitting pretty with cash might step up buying. Q3 numbers demonstrated that India Inc is on its way for superlative growth in the coming years. Q4 might be hit due to rising borrowing costs for companies but it is the demand from the consumer that will drive the economy in the next couple of years.
Think long and think India.
Markets - The cat fight begin
Yesterday's tape did speak of some buying emerging at lower levels. We believe from here on it is not going to be easy for bears to drive down the indices. Domestic Institutions and Insurance companies who are sitting pretty with cash might step up buying. Q3 numbers demonstrated that India Inc is on its way for superlative growth in the coming years. Q4 might be hit due to rising borrowing costs for companies but it is the demand from the consumer that will drive the economy in the next couple of years.
Think long and think India.
Monday, January 31, 2011
Eygpt, the new thorn in the flesh
The bad news seems to be flowing unabated, this time in the form of Egyptian crisis as the voilence spreads, sending negative signals to investors across the globe. Dalal Street is likely to gap down with Singapore Nifty showing massive losses of nearly 95 points.
Wall Street was hit badly on Friday as voilent protests marred Cairo streets seeking Mubarak's resignation. Crude oil reversed trend and is inching back towards $90 levels.
News Bytes
* Vodafone mulls new pact with Essar
* Crisil downgrades ICICI car loan portfolio
* NTPC Vidyut to start getting solar power by Oct
* 3L borrowers took teaser home loans:SBI
* Lavasa files another plea against MoEF
* Fraud not to impact Citibank India's short-term rating: Fitch
Markets - Panic opening likely
Looking at Singapore Nifty, we expect a gap down of nearly 80-90 points for Nifty today. 5450 might act as the saviour and a massive bounceback is not ruled out. Going by day today events, Dalal Street appears to get no respite from selling.
Investors have limited choices at these levels except to hold and hope for the best as majority of the damage is done. While still there are punters who predict 4500 and 4200, we believe that would be a tough scenario
Wall Street was hit badly on Friday as voilent protests marred Cairo streets seeking Mubarak's resignation. Crude oil reversed trend and is inching back towards $90 levels.
News Bytes
* Vodafone mulls new pact with Essar
* Crisil downgrades ICICI car loan portfolio
* NTPC Vidyut to start getting solar power by Oct
* 3L borrowers took teaser home loans:SBI
* Lavasa files another plea against MoEF
* Fraud not to impact Citibank India's short-term rating: Fitch
Markets - Panic opening likely
Looking at Singapore Nifty, we expect a gap down of nearly 80-90 points for Nifty today. 5450 might act as the saviour and a massive bounceback is not ruled out. Going by day today events, Dalal Street appears to get no respite from selling.
Investors have limited choices at these levels except to hold and hope for the best as majority of the damage is done. While still there are punters who predict 4500 and 4200, we believe that would be a tough scenario
Friday, January 28, 2011
FIIs extend the selling spree, Asia trading mixed
Indian equities are likely to extend the slide started early this month on concerns of inflation and FII selling as Dalal Street continues to underperform rest of the globe.
Markets Outlook
Day by day the bearish clouds intesify their cover on Dalal Street. While fundamentally speaking the fears are overblown but technically the markets look weak and watching the tape sends scary signals. With stocks trading at 5 month lows and no FII support in sight it seems more downsides are on the cards. FII selling has intensified on the street over the last two months. These are definitely tough times for investors who is in two minds to stay invested or get out.
Markets Outlook
Day by day the bearish clouds intesify their cover on Dalal Street. While fundamentally speaking the fears are overblown but technically the markets look weak and watching the tape sends scary signals. With stocks trading at 5 month lows and no FII support in sight it seems more downsides are on the cards. FII selling has intensified on the street over the last two months. These are definitely tough times for investors who is in two minds to stay invested or get out.
Thursday, January 27, 2011
Range bound trade expected on Expiry day
Indian equities are likely to have a muted day ahead on account of F&O expiry and mixed Asian markets on Thursday morning. Dow Jones kissed magic 12,000 level only to retrace back.
Expiry to hold markets for the day
Market players might be eyeing 5700 levels on the expiry day for Nifty. While the talk on the market sentiment on India in particular is getting worse by the day and February jynx might add to woes. We believe this time there is a chance of pre-budget rally which not even a single person on the street is expecting.
Sms.......Was Sent to Buy...."BF-UTILITIES" @ 770....After that's It's Flared and Hit 794 Mark..Yes Our Target Was 790.
In Today's Trade...Our Client's are Holding "ACC & VIP INDUSTRIES" Let's See....How these Will Perform on the Bourses.........!!!
Expiry to hold markets for the day
Market players might be eyeing 5700 levels on the expiry day for Nifty. While the talk on the market sentiment on India in particular is getting worse by the day and February jynx might add to woes. We believe this time there is a chance of pre-budget rally which not even a single person on the street is expecting.
Sms.......Was Sent to Buy...."BF-UTILITIES" @ 770....After that's It's Flared and Hit 794 Mark..Yes Our Target Was 790.
In Today's Trade...Our Client's are Holding "ACC & VIP INDUSTRIES" Let's See....How these Will Perform on the Bourses.........!!!
Tuesday, January 25, 2011
All eyes on RBI meeting today, Street factors in 25 bps rate hike
The Dow Jones Industrial Average finished within striking distance of 12,000 Monday, fueled by weakness in dollar and buying interest in tech stocks. Bank home RBI policy meeting today is keenly observed by the Street. While the markets are discounting 50 bps rate hike, Mr.Subba Rao might surprise with a 25 bps hike.
Markets - Ranged
We expect Nifty to close between 5700-5800 for the expiry on thursday. With the Street shutting tomorrow on the eve of Republic Day, we might see a volatile trade today as RBI policy decision is key to the road ahead.
Midcap and smallcap stocks have slowly started the upward journey. We are upbeat on Indian economy and same with stocks.
Markets - Ranged
We expect Nifty to close between 5700-5800 for the expiry on thursday. With the Street shutting tomorrow on the eve of Republic Day, we might see a volatile trade today as RBI policy decision is key to the road ahead.
Midcap and smallcap stocks have slowly started the upward journey. We are upbeat on Indian economy and same with stocks.
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