Another day of super profits 20,750/-

Readers

We had another day of bumper profits. All calls were given here before market open.

Pre-market Calls

Review of today's calls

Scrip	Action	Above	Below	T1	T2	SL	Target	Lot size	Profit
TCS	Buy	1940		1955	1965	1920	X
HCL Tech	Buy	1020		1030	1040	1000	T2	500	10000
Infosys	Buy	3100		3115	3125	3090	T1	125	1875
ICICI	Buy	815		820	824	805	T2	250	2250
Tata Steel	Buy	285		288	291	283	T1	1000	3000
Tata Motors	Buy	309		311	313	302	X
L&T	Buy	726		733	742	720	T1	375	2625
Reliance	Buy	852		854	856	847	T2	250	1000
Maruti	Sell		1225	1217	1200	1235	X
SBI	Sell		1465	1445	1420	1500	X
Cipla	Sell		393	388	385	398	X
									20750

Keep visiting and enjoy profits every day

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How to make best use of this site

1. Trading Lessons

I have published the first two lessons on intraday trading

1. Opening Range Breakout Trading System which is one of the fundamental and most successful trading system day traders should be aware of.

2. Intraday Trading System based on Simplified Technical Analysis.

Following these trading systems religiously will improve success rates dramatically. 

Please refer to the Day Trading Course link on home page.

Other Trading Lessons are at the moment through live examples. Please click on the category Trading Lessons and you will get plenty of practical tips.  

Trading Lessons

I will soon be publishing a full course covering simplified technical analysis and my trading strategies.

2. Pre-Market Analysis

A good and thorough preparation is required before the start of trading day in order to succeed in the market. At least 15-30 minutes of preparation per stock is required to day trade it the next day.  Tracking needs to be done on daily charts, weekly charts, support- resistance levels, stock specific news, sector news, any events in the near future that could impact the sector/stock.

In general, analysis of domestic and global markets – Asia, Europe and US and potential impact on next day needs to be carried out. Ideally, if the analysis is done after US market close, it will yield better results.

I do the above analysis for all the stocks that I cover in pre-market calls. You can trade based on the pre-market calls in combination with charts. But not blindly based on levels.

Always trade on 2 lots (in futures) and book 1 lot when you see profit.

3. Day’s trades

I trade on most of the recommendations given in my pre-market calls. At the end of the day, I publish my trades with the charts. Learn these trades thoroughly to understand my entry and exit points and trading style. I do not use complex technical indicators or trading software, just few indicators and support-resistance levels. Those who track my trades regularly know that my trades have very high levels of accuracy and no. of trades are limited to 3-4 a day. My objective is to take money out of the table every day even if it is small.

Days Trades

4. Trading Videos

Videos of selected trade to give the readers a real feel of the live market and the decision making process. In the videos, I cover important concepts of partial profit booking, revising SLs, identifying trends and using technical indicators. Whenever time permits, I will upload real trade videos. 

Trading Videos

5. Real time alerts

Very limited though many of my readers are requesting me to provide real time trading ideas. My objective is not to provide stock tips, but to help readers trade on their own based on guidance from my pre-market calls and real time charts. But wherever possible, I try to reply to questions from traders on a real time basis. You may post your question as comment on my daily posts and I will reply as soon as I can. 

5. Answer to your queries

I try to answer your queries for intraday, short term, long term positions based on my time availability.You may post your question as comment on my daily posts and I will reply as soon as I can. 

Please let me know if you have any suggestions to improve the content. My objective is to share my knowledge and experience to help everyone to come out winning in their trades. Please drop a comment if you have any questions, I will respond. 

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Nifty Outlook and Stocks to trade on August 30

We had a wonderful day yesterday with our longs in IT. We continue to be long on IT. L&T & Reliance is moving into our buy after many days of gap.

Nifty will face strong resistance at 5460 followed by 5480. Support is placed at 5380. Please trade based on levels below and enjoy another day of profits !!

Intraday calls for today

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Another profitable day - August 29, Profit of Rs. 14,500

Pre-market calls worked well giving high profits to the followers of the blog. We were long in IT which moved up giving good gains. Infosys was bearish due to news on the stock,TCS and HCL gave good gains.

Today total gains of 14,500/- . As you have seen, we are making money every day. Are you losing out ? Then my sincere request is to learn the course here and also follow the pre-market analysis. Your market experience will definitely improve.

Scrip	Action	Above	Below	T1	T2	SL	Target	Lot size	Profit
TCS	Buy	1920		1940	1960	1900	T2	250	10000
HCL Tech	Buy	985		989	995	975	T2	500	5000
Infosys	Buy	3110		3125	3145	3110	T1	125	1875
ICICI	Buy	811		817	825	788	809	250	-500
Tata Steel	Buy	284		286	288	278	X
SBI	Sell		1520-25	1490	1480	1545	X
ONGC	Sell		244	240	238	250	X
Bharti Airtel	Sell		286	281	274	290.5	X
Maruti	Sell		1225	1217	1200	1235	SL Hit	250	-2500
L&T	Sell		698	692	685	705	X
Bajaj Auto	Sell		1715	1710	1690	1725	T1	125	625
									14500

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Nifty outlook and Intraday trading calls for August 29

We had another profitable day on 28 Aug with a profit of close to Rs. 12,000/-. We we000re in sell mode fully , but I am viewing IT as positive for tomorrow. Banks in general will still be weak , but I believe ICICI will bounce back. Be careful on IT longs, it is highly susceptible to the Rupee movement. If Rupee appreciates, IT stocks could fall in the middle of the session or any day. As of now, Infosys and TCS looks to be highly bullish. 

As expected Nifty fell by more than 100 points below 5250.  This level holds good for tomorrow as well. If the market can hold on to this level, buying will come for short term.  The worrying factor however is that market touched 5150 and below, which could be an indication that market can move to 5000 in the event of another fall. 

Markets will be very volatile due to expiry, please book profits at the first opportunity.

Intraday calls for August 29

Scrip	Action	Above	Below	T1	T2	SL
TCS	Buy	1920		1940	1960	1900
HCL Tech	Buy	985		989	995	975
Infosys	Buy	3110		3125	3145	3110
ICICI	Buy	811		817	825	788
Tata Steel	Buy	284		286	288	278
SBI	Sell		1520-25	1490	1480	1545
ONGC	Sell		244	240	238	250
Bharti Airtel	Sell		286	281	274	290.5
Maruti	Sell		1225	1217	1200	1235
L&T	Sell		698	692	685	705
Bajaj Auto	Sell		1715	1710	1690	1725

Notes : 1 Buy Above or Sell Below the levels given for a target T1 or T2 with SL 2 Do not enter if target is achieved already 3 Always trade in two lots and book 1 lot at T1 *SBI Sell on rise to 1520-25 levels

      

Please take positions only after  9:30 AM. Please do not enter into any fresh trades after 3:00 PM.

Please do not trade blindly on these levels. A buy position should be supported by charts giving positive signals. A sell position should be supported by charts giving negative signals. Please see real trades in earlier posts to understand how an intraday long or short is created.

Real Trades Update
Trading Videos

Any significant news which affects individual stocks or overall market direction will invalidate the technical analysis behind the above views. In such a situation use real time charts to trade.

All the views and contents mentioned in this blog are the personal observations of the author and is in no way a recommendation for the readers to enter into trades of stocks/futures. The author do not accept any liability/loss resulting from the use of any content from this blog. Any act of trading performed by readers should be at their own discretion and neither the author or the sources mentioned in the blog will be responsible for the outcome.

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Are you making money every day in the market ? Todays profit 12,000/-

Three calls triggered from the pre-market analysis and we made a total profit of 12,000/-

Please see pre-market calls here.

Pre-market calls for 28 August

Please see the review of today's calls below.

Scrip	Action	Above	Below	T1	T2	SL	Target	Lot size	Profit
Axis Bank	Sell		869	860	845	880	X
ICICI Bank	Sell		800	793	785	810	X
SBI	Sell		1500	1480	1460	1521	X
DLF	Sell		129	127	125	132	T2	1000	4000
LT	Sell		697	689	675	710	X
Cipla	Sell		391	388	385	398	T2	1000	6000
Tata Steel	Sell		271	269	266	276	T1	1000	2000
ONGC	Sell		257	255	253	260.5	X
Maruti	Sell		1270	1250	1240	1285	X
Bharti Airtel	Sell		297	293	288	302	X
Reliance	Sell		800	794	785	810	X
									12000

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