Know your profile

This long weekend had given us time to relax , reflex and revisit our trading methods.

There is no right or wrong way to trade. You must decide what is best for you, which method suits you best depending upon what type of person you are.Therefore, its is necessary to take some time aside to think , understand and know yourself. Once you know yourself then finding a trading method becomes easy.
Whether you use automated ( rule-based ) trading or a discretionary method ( subjective) or a combination of both , what is required is that you must have a trading plan and adhere to it.

Budget hype is over now and we are back to global cues now. We used the budget day to buy and we are well positioned to take advantage of short term up move.

Banking and Auto sectors are expected to see some upward swings .

Polaris software has been hammered a lot and is finding support at 200 DMA.
Its support is at 140 and if it trades above previous high of 150 then targets could be 168 and 180

Trade well have fun

Buy when others are fearful

We have never seen such a low expectation before budget. Its going to be a non event and when everybody is cautious , market do not behave according to the general consensus.
At the worst market may remain remain ranged bound.

IT sectors stocks are strong on charts. Mid Cap pharma is another place to be in.

Have fun.

Ruchi Soya hits target

Our weekly idea Ruchi Soya has hit target. Its time for partial profit booking with trailing stop loss


Exit from what is not working and ride on what is working

Rogoff Says China Crisis May Trigger Regional Slump

China’s economic growth will plunge to as low as 2 percent following the collapse of a “debt- fueled bubble” within 10 years, sparking a regional recession, according to Harvard University Professor Kenneth Rogoff.

Kenneth Rogoff is an economist, co-author of “This Time is Different,” a 2009 book that charts the history of financial calamities in 66 countries.

You can read the article :


http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4MydrE5VOEM

Market may break out of the range ?????

Market has been trading in a range and despite most of the negative news flow Nifty was able to sustain above key support levels. On weekly chart Nifty is also showing some sign of taking support at lower levels and resistances are at 4950 -5000.

Some of the trading ideas for the week are :

Aptech - Support 159 Resistances 194- 202-208


Ruchi Soya - Support 85 Resistances 102-110


Whirpool - Support 127 Resistances 160