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!