Kuldeep Kharbanda.

My good freind in love with indicators has also made blog.


His blog address :-

http://niftymcxkuldeepkharbanda.blogspot.in/

Thanks.

Trading.

My trading cycle/life.

I have been trading for last 1 year after learning technicals in  Jul - 2011.

I had started with Support Resistance Trendline and Channels.

Then I started seeing Moving Average.

Then I was impressed with RSI and further impressed with Stochs.

Then I added Macd and Bollinger band.

To make my trading more perfect I even added ADX and Fibo further to my study.

Fibo retracing retracement helped me for quite some time.

Then I added CCI and in the meantime also learned Candle stick patterns and features.

Finally I went to software enabled trading with backtesting of data and accuracy stuff.

But none of them really gave me confidence to hold trades and inspite of knowing technicals I used to book profits(if any) very early and kept holding losing trades in assumption there is a trendline far away and prices will reverse from that direction to my favour.

I had a favourable experience of 100 consistent losing trades which turned my trading experience completely upside down.

I would call it as favourable because one night on thinking of my trades and consistently evaluating it gave me idea that what I was doing , if I did completely opposite of that I would be a real winner.

Hence, I deleted all indicators oscillators and stuff and just concentrated on Support and Resistance.

I had  luck to meet one of greatest mentor who taught me that Prices are always imbalance.

Trading should consist only of 3 things :-

Support

Resistance and

Change of polarity. Change of polarity means earlier support becomes resistance and earlier resistance becomes support.

Other way to define Prices are always imbalance by my mentor meant Bhaav Bhagwaan che. Translated roughly means Price is God in Stock market.

Hence, I request to all of you freinds that please donot fall in trap of Indicator Oscillator or Software
and trust your mind and judgement and only trade on Support Resistance and Change of Polarity.

I am taking a break from trading for some time now, for some other work pressure and hope you all will succeed in Trading using my simple formula.

All the best and God bless!

Bharti Airtel.

Bharti has posted very bad results and is now at Monthly support.

Please take a look at chart.

Usually there is always a pullback for some sort on Monthly level.

Hence its a good long with stop loss daily closure below 252 range.

On breaking of 252 zone it can be shorted again for target upto 206 range.

But right now it seems a good buy for some pullback.

All the best!

Sbin.

Sbi is approaching towards its good support level.

Try going long at Sbin on 1950-1928 range.

Stop loss closure of 1 hr below 1928 Rs range,which then we can short.

Target for long is 2000-2020 range.

All the best.

Crude.

Please take a look at Crude daily chart.

Please take a look at 1 hr chart.

As chart suggest crude is making higher low pattern.

Possibility very high it will go and touch 97.50$ range.

Stop loss close of daily candle below 92.75 $ range.

All the best!

Djia.

Please take a look at Djia Chart.

Djia is at Weekly resistance and charts are showing it will fall.

Please take a look at daily chart with nearest support and resistance.

Daily chart suggesting Djia should fall further along with its support and resistance.

On Daily chart first target of 13126 can come.

All the best.

Level.

Please take a look at Nifty chart.

Right now Nifty is in short mode. 5294 level should come.

Stop loss is closing of 1 hr candle above 5386.

Closure of 1 hr candle above 5386, we can then go long for target of  5440.

Right now Nifty looks more designed going toward downside.

Please take a look at 1 hr chart.

I would advise long at level of 5292 for the target of 5359.

All the best!

Nifty.

I have found a site with supertrend indicator.

http://www.marketcalls.in/livecharts

They say it is best indicator working and details are given how to work on it.

All the best!

Friends.

Right now I am busy with some other work hence not able to post much on Stocks and Commodities.

But I wish all the best to you!

However becareful there is one person who has duplicated my blog by just adding a new letter to his/her blog.

The blog has posted and shown how indicators can be failure specially one posted on end of July where they have shown Nifty has gap and also some 100 DMA resistance going through gap.

Nifty just sucked up all resistance and DMA and went upto 5200 that day. On average that persons blog mostly 9 out of his 10 calls are complete failure.

I will not write down address of blog here but I am sure you can find it out if you want and also biggest thing
with so many technicals it shows how technicals are usually failure for most of people.

Technicals usually work best in Trending market but if our beloved Nifty goes 100 point up in one session and 70 point next session there will always be confusion.

Prices are always at imbalance hence prices will always move from Support to Resistance and vice versa.

Only thing that can save you in trading is Support and Resistance and not Technicals.

Techncial are always lagging and can be complete  blunder if followed blindly.

Once again best to all of you!

P.S. If you find that persons blog and see their posting just do opposite of it. You will make money very nicely with proper stop loss as per your good and proper understanding.

Copper.

Please take a look at chart of Copper along with Atr.

Copper has taken support at 409 range and now next target with Atr range of approximately 5 rs will be good resistance.

First target of Copper now is 417 range and Second Target is 423 range.

If first target breaks it will become support going ahead in Future.

Stop loss now is closure of 1 hr candle below 410.

Nifty.

Nifty took support at its earlier resistance in last session. Please take a look.

A pullback at this level was completed. Now 2nd time at this level bounce probably will not be that high.

Please see the 5 min chart.

Nifty made higher low which is a very bullish pattern. On next session if there is gap up above 5246 range
then it will become Support, as Right now it is at Resistance stage. Change of polarity will apply.
Please Atr of Nifty also.

Atr of Nifty is almost 60 points.
Therefore breaking of 5246 minimum 5300 will come and all gap in between will be squeezed up.

Please see 1 hr chart of Nifty with 5300 target range.

Hence, we can see range of 5300 to come after filling all gap in middle!

All the best!

Crude.

Crude went down from levels expected.

However for Intra-day trade trying to see if the formula of ATR based study suceeds in Crude also.

Crude has ATR of 2.38 points.

Hence, hope so level with distance of almost that points will be strong enough to take support
for intra.

Right now Crude took support at 2nd level.

Hopefully it will go down breaking level after level.

Moreover for people who trade small time frame we can see ATR of 1 hr chart and use time frame of 5 mins for smaller stop losses and smaller targets.

Hopefully I will update that very soon.

Right now ATR levels are hitting on the spot in Nifty and Spot. Lets see how it reacts to western markets.

EUR USD.

Please take a look at EUR USD chart.

Eur is entering into its Monthly Support level.

2 important levels at weekly where it can reverse from.

There is a strong trendline indicating however a bit more downfall. Unless this

trendline breaks EUR long position should be avoided.

Dow Jones Atr Study.

For last few days I am noting a particular pattern with regards to script moving as per ATR.

Please see ATR of Dow Jones.

Atr of Dow is showing a movement of 150 point on average on Daily..

Hence, it is beleived a level with a distance of approx 150 points will be a strong level.

If the level holds,prices will reverse, If level breaks next level will come.

Please see the 1 chart.

Over here I have marked levels with a distance of almost 150 points away.

Trading is analytical Science and not perfect Science hence even a level of 125 points away is good enough and so is level of 175 points.

If 2nd level breaks , 3rd level will come and so on.

Hope,this study suceeds!

Crude.

Crude is approaching towards weekly resistance.

Please see how 1 hr char is making up.

On breaking of first trendline only to initiate short.

Closing of 1 hr candle below first trendline.

Usually it should now go flat on 1 hr candle,or sideways and then it can reverse!

Monthly Nifty.

Nifty monthly has gone so bullish.

Interesting to see what things have in store for future.

5600-5750 range seems to be next target in Monthly.

Time taken to reach there unknown.

Bata India.

Nifty is strong but Bata is showing weakness.

Its a perfect short but without Nifty background support it will struggle to come down.

Nifty.

Please see update chart of Nifty.

It has now confirmed good trendline.

Breaking of this trendline would mean a good short.

Please also see a minor resistance which can prove too good for intraday.

Djia.

Djia Chart Enough said.

ICICI Bank.

Freinds ICICI has parked its closing price at its major resistance. On Monday gap Short ICICI Bank.

Also see chart with Support and Trendline following the daily chart. Trendline seems weak for ICICI.

Trendline is getting weak. Gap down below the trendline would be excellent short for intra trades.

Copper.

Last week I said about CU short and it worked out very pleasing way.

Please see now good price to buy CU after it enters the zone with 1 hr bullish candle closing.

Stoploss as usualy 1 hr candle closing outside the zone.

Silver.

Silver is approaching its major support.

However,for intraday we can short on following chart for 50-60 cents profit.

Gold Support.

Gold approaching at important daily support level whcih can be seen on weekly also.

1 hr candle closing green we can go long with stop of 1 hr outside the zone.

EurUsd.

Euro broke important daily support.

Such fall usually stops at weekly Chart. We can take long on 2 hour candle closing green after touching the zone.



For those who want good intra-day can short at nearest resistance after 1 hr candle goes over
there and shows bearishness at close of candle.

Bank Nifty July 2012.

Good support for BankNifty.

Good resistance for Bank Nifty.

Position to be taken as per Bullish or bearish Candle in the zone.

Nifty for 2nd week July 2012.

Freinds as expected Nifty touched 5324 crucial figure. Please see the chart.

Please the candle where I short and also profit booking.5234 is strong resistance and still now no pullback.Will go long there on seeing bullishness.

EurUsd

As price suggest good price to go long and good price to short.

Short after price enters the resistance zone and makes a bearish Candle.

Long after price enters the support zone and makes a bullish Candle.

Please wait for 1 hr candle to enter and make a bullish/bearish signal before taking long or short postions.

Stop loss is engulfment of the candle.

Some good intra day trade.

As above chart suggested good price to go long.

Please see how thsi chart turn out to be.

As you can see right now 5253-526X seems likea good support.

hopefully it will stick to that

I still beleive 5324 minimum spot will come before Nifty takes further action.

Due to shortage of time not able to post a lot of charts. Hopefully in Near futures will try to update in intra also.

Rupee Chart.

Rupee is giving bullish signs with target.

Stoploss of 1 hr candle below that zone.

Crude.

Crude was falling with a disaster looking ahead but usually such fall take support in monthly charts.

Please take a look.
Also please see now daily Chart where we can take a good intra day trade on showing weakness.

Level of 92XX-89XX is a fresh level with no pullback. Good short after seein 1 hr candle bearish
candle and target pullback near first support which is equivalant to a minimum of 1 ATR as target.
1 ATr of crude is almost 2.5$

Forex EUR/USD.

Daily Chart of EUR USD was showing weakness.

See the 1 hour chart of EUR USD.

As you can see 1 hr chart made red candle after price enter into Resistance,hence went short.

Since Exposure is more than 1:100 will exit on first target.While posting EUR/USD already touch

1.2637X with profit of almost 37 pips till date. Stop loss is 2 hr chart closing above high.