QUEENSTRADE

CHART FOR 17 JUNE 2011
                                                                                              
15 DAYS HOURLY CHART FROM 25 MAY 2011  TILL 16 JUNE 2011

CLICK ON THE CHART BELOW TO ENLARGE  
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MARKETS FOR 17 JUNE THE TRAPPING ACTION OF DOW AFTER A 100 POINT RISE ON TUESDAY NIGHT THAT MADE ASIAN MARKETS INCLUDING INDIA TO CLOSE IN THE +VE ON WEDNESDAY, BUT ALL WERE BADLY TRAPPED BY DOWS AS USUAL 177 POINT DECEPTIVE FALL ON WEDNESDAY NIGHT TO TRAP ENTIRE ASIAN MARKETS ON THURSDAY . AGAIN BE SURE TO SEE DOW TO BE +VE ON THURSDAY NIGHT TO ALLURE A BUYING SPREE ON FRIDAY BUT ONLY TO SEE ALL MARKETS GETTING BUTCHERED ON MONDAY MORNING BY DOWS KNOCK OUT PUNCH ON FRIDAY NIGHT . IN ANY CASE INDIAN MARKETS SHOWED REMARKABLE RESILIENCE AND CLOSED LESS THAN 1% ON THURSDAY AND AS OF NOW LOOK HIGHLY OVERSOLD FOR A REASONABLE BOUNCE IRRESPECTIVE OF ANY SORT OF TRAPPING ACTION BY DOW .

IF ONE HAS A CLOSER LOOK AT THE HOURLY CHART ABOVE, ONE WILL NOTICE THAT THE LOW OF 5390 MADE ON THURSDAY WAS EXACTLY AT THE CRITICAL 76.4% RETRACEMENT SUPPORT FROM 25^TH MAY LOW OF 5328 TILL 3^RD JUNE HIGH OF 5606 . HAVING BREACHED THE IMPORTANT 61.8% SUPPORT AROUND 5434, NIFTY TESTED THE 76.4% SUPPORT AROUND 5390 ON WEDNESDAY . MOST LIKELY ONE SHOULD EXPECT A GOOD BOUNCE FROM HERE AND THE BOUNCE CAN BE TILL 5445 OR EVEN TILL PIVOT AREA OF 5460 ABOVE WHICH ONE CAN EXPECT FURTHER UP MOVE . IN CASE THE CRITICAL LOW OF 5390 IS PROTECTED THEN THERE IS EVERY POSSIBILITY OF NIFTY MOVING UP TOWARDS 5450 TO 5460 ZONE ABOVE WHICH LAST WEEKS CLOSING LEVEL OF 5485 MAY POSE AS THE MAJOR HURDLE . A FAILURE ON THE PART OF BULLS TO HOLD 5390 CAN SEE A STONE LIKE FALL TOWARDS NEXT SUPPORT OF 5363 FOLLOWED BY 25^TH MAY LOW OF 5328, JUST SHORT OF WHICH ONE MAY EXPECT ANOTHER MEGA BOUNCE TOWARDS 5500 TO KEEP THE HOPES OF BULLS ALIVE.

ANOTHER ASPECT TO BE KEPT IN MIND IS THAT PRESENTLY NIFTY IS TRADING BELOW THE LAST WEEKS LOW OF 5457 . SO, GENERALLY NIFTY MAY TRY TO MOVE UP TO CLOSE ABOVE THE LAST WEEKS LOW OF 5457 EVEN THOUGH IT MAY FINALLY CLOSE BELOW LAST WEEKS CLOSING LEVEL OF 5485 TO HIDE ANY ABSOLUTE BEARISH IMPLICATION FOR REMAINING DAYS OF JUNE . SO, ANY FALL TOWARDS OR BELOW WEDNESDAYS LOW OF 5390 CAN BOLDLY BE BOUGHT FOR GOOD INTRADAY GAINS . .ANOTHER ASPECT THAT CAN BE SEEN IN THE CHART ABOVE IS THAT BOTH MACD & CCI HAVE FORMED +VE DIVERGENCES THAT MAY PROMPT BULLS TO AGGRESSIVELY BUY THE DECLINES FOR GOOD INTRADAY GAINS DURING THE DAY . AS LONG AS 5363 OR MORE IMPORTANTLY 5328 IS NOT BREACHED ON A CLOSING BASIS, ALL THESE WELL ORGANIZED DOWNWARD SLIDES MAY BE TERMED AS WEEDING OUT OF WEAKER HANDS BEFORE THE UP MOVE RESUMES . SO, HENCE FORTH ANY SLIDE TOWARDS 5363 OR 5328 CAN BOLDLY BE BOUGHT FOR GOOD INTRADAY GAINS.

FOR INTRADAY TRADING PURPOSE, A CROSS OVER AND SUSTAINING ABOVE 5416 MAY BE BOUGHT FOR QUICK GAINS AND MORE LONGS BE ADDED IN CASE SPOT NIFTY CROSSES AND SUSTAINS ABOVE 5448 . A RISE ABOVE 5460 MAY BAFFLE THE BEARS WHO WOULD RUN FOR COVER AND THIS SHORT COVERING MAY PROPEL NIFTY EVEN TOWARDS 5500 LEVELS . SIMILARLY ON THE LOWER SIDE, A SLIDE BELOW 5390 CAN SLIDE NIFTY TOWARDS THE IDEAL BUYING POINT OF 5363 WHERE THE BEARS MAY DECIDE TO BOOK WHATEVER PROFIT THEY CAN MUSTER BEFORE THE WEEKEND, TO ALLOW THE BULLS TO HAVE A PIECE OF THE CAKE . WITH BEARISH MOOD ALL AROUND, IT IS WISER TO BE BOLD AND GO CONTRA TO BUY ON DECLINES FOR SUPER GAINS.

(SPECIFIC INTRADAY TRADING LEVELS FOR NIFTY SPOT, NIFTY FUTURES & DIFFERENT STOCK FUTURES & OPTIONS WILL BE SENT DIRECTLY TO DIFFERENT GROUPS OF SUBSCRIBERS BEFORE AND DURING MARKET HOURS)

INTRADAY TRADING CALLS SENT ON THURSDAY 16 JUNE

<!--[if !supportLists]-->1.     <!--[endif]-->BUY NIFTY FUTR ON GAP DOWN TOWARDS 5400 ADD MORE AT 5390 TRGT 5450 SL 5380---------- BOOKED PROFIT AT 5440

<!--[if !supportLists]-->2.     <!--[endif]-->AGAIN BUY NIFTY FUTR AROUND 5410 TO 5415 TRGT 5450 SL 5380------ AGAIN BOOKED PROFIT AT 5440

<!--[if !supportLists]-->3.     <!--[endif]-->AGAIN BUY NIFTY FUTR AROUND 5400 ADD MORE TOWARDS 5390 TRGT 5440 OR HOLD TILL DAY END OR CARRY SL 5380------ CARRYING

<!--[if !supportLists]-->4.     <!--[endif]-->BUY BIOCON FUTR 363 TRGT 368 ADD MORE IF FALLS TO 361 SL 358--- BOOKED PROFIT AT 368

<!--[if !supportLists]-->5.     <!--[endif]-->BUY REC FUTR AT 196 TRGT 200 SL 194 --- BOOKED PROFIT AT 198

<!--[if !supportLists]-->6.     <!--[endif]-->AGAIN BUY REC FUTR AROUND 193 TRGT 198 ADD MORE AT 191 --------BOOKED PROFIT AT 195

<!--[if !supportLists]-->7.     <!--[endif]-->AGAIN BUY REC FUTR 192 TRGT 195 SL 190 CARRY OR QUIT AT END – BOOKED AT THE END AT 193+

<!--[if !supportLists]-->8.     <!--[endif]-->BUY DLF 230 CALL AROUND 3 TRGT 6 SL 2—BOOKED PROFIT AROUND 4.50

STOCK FUTURES & OPTIONS TRADING FOR SUBSCRIBERS ONLY AS PRE MARKET MESSAGE & DURING TRADING HOURS 

INTRADAY TRADING LEVELS FOR NIFTY FUTRS 17 JUNE (NIFTY FUTURES FOR SUBSCRIBERS ONLY AS PRE MARKET MESSAGE OR DURING TRADING HOURS)

(FOR SUBSCRIBERS BY SMS OR YM) FOR INTRADAY TRADING, NIFTY FUTURE HAS INITIAL RESISTANCE AROUND TO LEVELS. BREACH OF  CAN TAKE NIFTY TOWARDS BREACH OF WHICH CAN TAKE NIFTY UP TO NEXT IMPORTANT INTRADAY RESISTANCE AT . BREACH OF CAN TAKE NIFTY UP TO CRITICAL RESISTANCE AT   WHERE IT SHOULD FIND SOME PROFIT BOOKING BY THE LONG POSITION HOLDERS. ABOVE NIFTY CAN MOVE UP TO THAT WILL GENERATE MERCILESS BULL LIQUIDATION & RUTHLESS BEAR HAMMERING. ON THE LOWER SIDE NIFTY FINDS INITIAL INTRADAY SUPPORT  AROUND TO. BREACH OF CAN TAKE NIFTY TO CRITICAL SUPPORT AT TO LEVELS BELOW WHICH NIFTY BECOMES WEAK TO RETEST OR LOWER LEVELS . INABILITY TO SUSTAIN ABOVE WILL SCARE THE BULLS THAT MAY START THE BULL SELL OFF & RUTHLESS SHORTING BY BEARS THAT CAN SLIDE NIFTY NEARER TO LEVELS.

CLOSING LEVELS FOR SPOT NIFTY  17 JUNE ()       CLOSING SUPT         CLOSING RES 

STOCK FUTURES FOR JUNE 2011      ( 10 TRADING JEWELS FOR JUNE 2011) FOR SWING TRADING SUBSCRIBERS

WEEKLY GENERAL MARKET ANALYSIS  FOR WEEK ENDING 17 JUNE   THE NEW WEEK OPENS ON MONDAY WITH   FEAR AT THE BACK OF  AS USUAL HARASSMENT CAUSED BY DOW TO  REST OF THE WORLD MARKETS BY ITS 172 FALL ON FRIDAY NIGHT. MOST OF THE ASIAN  MARKETS HAD SENSED THE  KNOCK OUT PUNCH TO BE DELIVERED BY DOW ON FRIDAY NIGHT AFTER ITS DECEPTIVE 100+ POINT RALLY ON THURSDAY NIGHT THAT MADE MOST OF THE ASIAN MARKETS TAKE EVASIVE ACTION ON FRIDAYS TRADING BY REMAINING SHORT IN ANTICIPATION TO BOLDLY FACE  & BENEFIT  FROM THE  KNOCK OUT PUNCH  DELIVERED BEFORE THE WEEKEND DARKNESS. ALTHOUGH THIS DECEPTIVE ACTION BY DOW WILL CERTAINLY SHAKE OUT  MOST OF THE ASIAN MARKETS ON MONDAYS OPENING, BUT MOST OF THESE ASIAN MARKETS WILL SHOW A DRAMATIC RECOVERY  AFTER THE OPENING . INDIAN MARKETS  WILL ALSO FALL IN LINE  WITH THE ASIAN MARKETS AT THE OPENING  BUT LIKE OTHER DAYS  IT WILL ALSO SHOW A RESOUNDING RECOVERY AFTER THE DOW INDUCED OPENING FALL ON MONDAY MORNING.

FRIDAY SAW NIFTY FALLING FOR THE THIRD DAY IN A ROW &  ON A WEEKLY BASIS NIFTY CLOSED IN THE RED AFTER TWO POSITIVE WEEKS BEFORE THIS & THE LOW OF THIS  WEEK AROUND 5458 WAS THE SAME LOW OF LAST WEEK ALSO. THIS WEEKS FALL HAS COME WITH THE LOWEST VOLUME SINCE MANY MANY MONTHS SUGGESTING THAT THE FALL ON A WEEKLY BASIS IS NOT THAT VENOMOUS  AND IF AT ALL FURTHER FALL COMES IT WILL BE A WELL PLANNED & COORDINATED FALL TOWARDS THE LAST SWING LOW OF 5328 TO WEED OUT WEAKER HANDS BEFORE THE EXPECTED BOUNCE JUST SHORT OF THE  SWING LOW OF 5328. HOWEVER IN CASE NIFTY  FAILS TO HOLD THE RECENT SWING LOW OF 5328 AND CLOSES BELOW IT THEN IT WILL CERTAINLY CONFIRM FURTHER FALLS TO BREACH 5232 FOLLOWED BY THE LAST CITADEL AT 5177 TO SLIDE MUCH FURTHER AS A CONFIRMED BEAR MARKET MOVE.

IN ADDITION TO THE FOREIGN ASPECTS, WHERE COORDINATED EFFORTS WILL BE MADE TO PULL DOWN THE MARKETS IN A CYCLIC PATTERN WITH DECEPTIVE BOUTS OF INTERMITTENT RISES IN BETWEEN TO KEEP THE CARROT HANGING FOR THE BULLS, INDIAN MARKETS IN ADDITION  ALSO HAVE THE CURSE OF FACING THE RBIS ANNOUNCEMENT DURING THE WEEK. WITH THE NATIONAL GROWTH ASPECTS BEING ENTIRELY IGNORED & RELEGATED TO THE LOWEST SPOT BY THE RBI WHICH THIS TIME ALSO  WONT HESITATE TO RAISE THE RATES BY ANOTHER 25 BASIS POINTS  TO EARN THE DUBIOUS DISTINCTION OF A TENURE WITH THE LOWEST GROWTH PROSPECTS FOR THE COUNTRY. THE FEAR OF DRACONIAN  ACTION  OF RBI ALONG WITH THE VAMPIRISH  EXPLANATION BY THE BANKING EDITORS WILL KEEP THE INVESTORS ON A WAIT & WATCH MODE TILL THE HAZE  CLEARS OUT.

FOR THE COMING WEEK THE CRITICAL LEVEL TO NOTE IS  5440 ON THE LOWER SIDE, A  CLOSE BELOW WHICH WILL CERTAINLY SEE NIFTY BREACHING THE LAST SWING  LOW OF 5328 TO SLIDE TOWARDS CONFIRMED BEAR MARKET TARGETS OF 5232, 5177 FOLLOWED BY 4800 & SO ON TOWARDS THE PRE  2009 MAY ELECTION RESULT LEVELS OF 4500 IN NEXT FEW MONTHS. THE WEEKLY INDICATORS ALTHOUGH ARE NEAR THEIR OVERSOLD LEVELS , YET NON OF THE WEEKLY INDICATORS HAVE SIGNALED A BUY CALL. THE THREE CONSECUTIVE DAYS OF FALLS HAVE WEAKENED THE DAILY INDICATORS  FURTHER  THAT DICTATES ONE TO BOLDLY FOLLOW THE POLICY OF SELL ON RISE AS LONG AS NIFTY CONTINUES TO TRADE BELOW THE CRITICAL LEVEL OF 5606.DURING THE WEEK  TRADERS PLANNING TO HOLD  LONG POSITIONS OVERNIGHT MAY INCREASE THE RISK OF HIGH BP AND THE REMEDY FOR THIS IS  JUST TO TRADE INTRADAY AS PER THE MARKET VOLATILITY & IF AT ALL ONE HAS TO CARRY THEN CARRY SHORTS OR SHORTED 5500 OR 5600 CALLS.

 ON THE HIGHER SIDE THE CRITICAL LEVEL OF 5544 WHICH HOSTS THE 34 DAY EMA COUPLED WITH THE DOJI HIGH OF 9^TH JUNE WILL PLAY A PROMINENT ROLE DURING THE WEEK IN DECIDING AS TO  WHICH WAY NIFTY WILL MOVE. A DECISIVE BREACH OF 5544 CAN SEE NIFTY MOVING UP  TOWARDS THE NEXT RESISTANCE  ZONE AROUND  5560 TO 5570  HOUSING  WITHIN IT BOTH THE 50 DAY EMA AS WELL AS THE DOJI HIGH OF 8^TH JUNE.  ONLY A  DECISIVE CROSS OVER OF 5570 CAN SEE THE FIRST SIGN OF SHORT COVERING BY THE BEARS TO CATAPULT NIFTY TOWARDS THE MAKE OR BREAK LEVEL OF 5606 TO REJUVENATE THE BULLS TO THINK  OF ANY HIGHER LEVEL TOWARDS MAY MONTH HIGH OF 5775 & THEN ONLY TO DREAM OF THE APRIL MONTH HIGH OF 5944.

ELLIOTT WAVE (NOT UPDATED) AS USUAL THE ELLIOTT WAVE COUNT CONTINUES TO BE A TRICKY AND DEBATABLE ISSUE AS MOST OF THE TIMES IT SUGGESTS RECOUNTING OF MINOR WAVES, THE MAIN CULPRIT BEING THE LONG CONGESTION PERIOD BETWEEN THE DIFFERENT HIGHS AND LOWS STARTING FROM 20 OCT 2009 HIGH OF 5181, 3^RD NOV 2009 LOW OF 4540, 6^TH JAN 2010 HIGH OF 5260, 8^TH FEB 2010 LOW OF 4675, 7^TH APR 2010 HIGH OF 5311 AND THANKS GOD FINALLY THE 25^TH MAY 2010 LOW OF 4786.

IRRESPECTIVE OF THE CONFUSION GENERATED BY THE EVER CONFUSING FLAT & CONSOLIDATION ZONE BETWEEN 20 OCT 2009 HIGH OF 5181 AND 25^TH MAY 2010 LOW OF 4786, WE HAVE ASSUMED THAT AFTER THE BEAR MARKET OF 2008 THE UP MOVE STARTED FROM THE 27^TH OCT 2008 LOW OF 2252 & THE 1^ST UP WAVE CONSISTING OF 5 SUB WAVES WENT UP TILL 20 OCT 2009 HIGH OF 5181. THE 2^ND CORRECTIVE DOWN WAVE CAME DOWN TILL 3^RD NOV 2009 LOW OF 4540 OR CONTINUED AS A CONSOLIDATION FLAT TILL 25^TH MAY 2010 LOW OF 4786. THE MEGA 3^RD UP WAVE HAS STARTED FROM EITHER 3^RD NOV 2009 LOW OF 4540 OR 25^TH MAY 2010 LOW OF 4786.

THE 1^ST UP SUB WAVE OF THIS MEGA 3^RD UP WAVE CONSISTING OF 5 SUB SUB WAVES WENT UP TILL DIWALI HIGH OF 6338 . THE 2^ND DOWN SUB WAVE OF THE MEGA 3^RD UP WAVE HAD A “ABC” ZIGZAG CORRECTION TILL 5177. THE DOWN “A” CAME DOWN TILL 26^TH NOV 2010 LOW OF 5690, THE UP ”B” WENT UP TILL 4^TH JAN 2011 HIGH OF 6181 . THE “C” WAVE OF THIS ZIGZAG “ABC” CORRECTION MOST LIKELY HAS ENDED AT THE 11^TH FEB 2011 LOW OF 5177 ( ALTHOUGH THE CONFIRMATION WILL COME ONLY AFTER THE DECISIVE BREACH AND CLOSE ABOVE 6181). THE MONSTER 3^RD UP SUB WAVE OF THE MEGA 3^RD UP WAVE HAS STARTED FROM 11^TH FEB 2011 LOW OF 5177 & IS LIKELY TO CROSS THE DIWALI HIGH OF 6338 TO TEST 6666 FOLLOWED BY 7000 LEVELS BY THE COMING DIWALI OF 2011.

AS REGARDS THE UP MOVE THAT HAS STARTED FROM THE 11^TH FEB LOW OF 5177 TILL 6^TH APRIL HIGH OF 5944, AFTER MAKING A HIGH AT 5944, NIFTY HAS CORRECTED A LITTLE MORE THAN 76.4% TILL 5328 AS THE 2^ND CORRECTIVE WAVE. WITH A SERIES OF HIGHER LOWS OF 5177, 5232 & 5328 IN CASE NIFTY DOES NOT FALL TO BREACH 5328 THEN THE BOTTOM FORMATION WILL BE CONFIRMED AND A FRESH UP WAVE TO RESUME TO BREACH THE 6^TH APRIL HIGH OF 5944 TO MOVE TOWARDS 6181. HOWEVER A FAILURE ON PART OF SPOT NIFTY TO HOLD 5328 WILL SEE NIFTY SLIDE TO RETEST 5177 TO MAKE ANOTHER BIGGER FLAT TO MOVE UP AGAIN TOWARDS 5944 TO FALL AGAIN TO FINALLY BREACH 5177 TOWARDS MUCH MUCH LOWER LEVELS TO CONFIRM THE ONSET OF THE BEAR MARKET.

ASTROLOGICAL INDICATIONS  FOR WEEK ENDING  17 JUNE 2011  FOR ASTRO PACKAGE SUBSCRIBERS ONLY

BIGGEST MISTAKES BY TRADERS  

MOST OF THE LOSSES OF TRADERS COMES THROUGH CARRY OVER OF POSITIONS. TWO OF THE BIGGEST MISTAKES  MOST TRADERS GENERALLY COMMIT ARE:--  FIRSTLY,  THEY DO NOT FOLLOW THE TREND,  HAVING AN  EVER LASTING TENDENCY OF  ALWAYS TRADING AGAINST THE EXISTING TREND WHETHER INTRADAY OR DAILY OR WEEKLY. SECONDLY, NOT HOLDING ON TO THEIR GAINS THINKING THAT GAINS WILL GO AWAY THUS QUITTING EARLY FROM  LIKELY GREAT GAINS AND AT THE SAME TIME BOLDLY HOLDING ON TO THEIR LOSS MAKING TRADES FOR DAYS, WEEKS & MONTHS TOGETHER THINKING THAT LOSS WILL BE REDUCED OR  WILL TURN OUT TO BE A GAIN IN A FEW DAYS WHICH ACTUALLY NEVER COMES AND   THE LOSS GRADUALLY BECOMES SO BIG THAT ENTIRE CAPITAL IS WIPED OUT OR ONE IS FORCED TO QUIT AT A MUCH BIGGER LOSS & INTERESTINGLY PRICE TURNS JUST AFTER QUITTING. WITH THIS WRONG TRADING HABIT, 5 TIMES OF GAINS ARE WIPED OFF BY A SINGLE LOSS. SO, IF ONE WANTS TO  BE A SUCCESSFUL TRADER, THEN THESE TWO WRONG TRADING HABITS MUST BE RECTIFIED BY    FIRSTLY TRADING IN THE DIRECTION OF THE EXISTING TREND, SECONDLY  DEVELOPING  A HABIT OF QUITTING LOSSES EARLY  AND HOLDING  ON TO THE  GAINS BY MENTALLY SHIFTING  MUST QUIT POINTS IN THE DIRECTION OF GAIN. LAST BUT NOT THE LEAST, IF YOU ARE AN INTRADAY TRADER THEN PLEASE AVOID CARRY OVER OF UN-HEDGED F&O POSITIONS .

 BULLISH / BEARISH  CASH & FUTURES FOR APRIL 2011  :- -  FOR SUBSCRIBERS

(BUY  IN BULLISH MARKET CONDITIONS ONLY& SHORT IN BEAR MARKET CONDITIONS INTRADAY) 

  (SHORTING & COVERING SHORTS, BUYING & BOOKING PROFIT  POINTS FOR STOCK FUTURES AND NIFTY FUTURES  ARE FOR SUBSCRIBERS ONLY  TO BE SENT DIRECTLY TO THEM AS PER INTRADAY CHARTS DURING MARKET HOURS. )

 1 TO 10.  FOR SUBSCRIBERS ONLY

OPTION TRADING

TRADING ADVICE FOR SMALL CAPITAL TRADERS     ( RS.15,000 TO 20,000)(ONLY FOR SUBSCRIBERS  BY  SMS & YAHOO MESSENGER) AS & WHEN TRADING OPPORTUNITY COMES DURING THE DAY FOR THE UNDER MENTIONED ACTIVE OPTIONS 

DATA  GIVEN BELOW ARE NOT UPDATED

1. TISCO 640 CALL                    BUY AT--SELL AT--

2.TISCO 620 PUT                       BUY AT----SELL AT--

3. ITC 280 CALL & PUT             BUY AT-- SELL AT

4.RIL  1000 CALL                      BUY AT- SELL AT-

5.RIL 1000 PUT                        BUY AT-SELL AT-

6.CAIRN 330 CALL&PUT         BUY AT -SELL AT-

7. NIFTY  FUTR                        BUY AT--SELL AT--

8. NIFTY 5800 CALL                   BUY - AT- SELL AT-

9.NIFTY  5700 CALL                   BUY-AT--SELL AT--

10.NIFTY 5900 PUT                    BUY AT-- BUY AT

11.NIFTY 5800 PUT                    BUY AT  SELL AT

IMPORTANT POINTS FOR OPTION TRADERS

AS OPTION TRADER REMEMBER CERTAIN GOLDEN RULES FOR OPTION TRADING

 1. DONT HOLD AND SIT TIGHT WITH YOUR OPTION. TRADE EVERY DAY. SAY, YOU HAVE BOUGHT A PUT  OPTION AT 100, LETS SAY IT HAS COME TO 90, YOU DONT HAVE TO WAIT FOR IT  TO GO ABOVE 100 TO BOOK PROFIT,  YOU SELL YOUR OPTION  ON MARKETS INTRADAY FALL AND THEN  YOU BUY BACK  THE OPTION  ON MARKET RISE AND POCKET THE DIFFERENCE OF AT LEAST 10 TO 15. AS FAR AS POSSIBLE AVOID CARRYING OVER OF OPTIONS UNLESS YOU ARE SURE OF THE MARKETS NEXT DAY. IF YOU BOUGHT A CALL OR A PUT AT START OF THE MONTH AT 150, YOU WILL FIND ITS VALUE AT 75 OR LESS BY MIDDLE OF THE MONTH SO IF YOU HAVE NOT TRADED DAILY , HALF OF THE VALUE IS LOST BY MID MONTH.

2.WHETHER MARKET GOES UP OR DOWN OR FLAT, OPTION VALUE WILL REDUCE BY AT LEAST 5 POINTS EVERY DAY, SO TRADING DAILY  AT LEAST GIVES YOU BACK  THE DAILY 5 POINT AUTOMATIC LOSS DUE TO TIME DECAY. SO WRITING OPTIONS (SELLING FRESH A CALL INSTEAD OF BUYING A PUT AFTER  MARKET RISE OR SELLING FRESH A PUT  INSTEAD OF BUYING A CALL AFTER MARKET FALLS )  HAVE A MUCH BETTER CHANCE OF GAIN  THAN BUYING OPTIONS.

 3. IF YOUR OPTION VALUE GOES DOWN BY 25% , BOLDLY QUIT THE OPTION. THIS WILL PROTECT YOU FROM SEEING ZERO VALUE FOR YOUR OPTION. THE HABIT OF HOLDING ON TO THE OPTION THINKING THAT IT MAY GAIN AFTER SOME DAYS MAY GIVE YOU ONLY 1 SUCCESS OUT OF 10 ATTEMPTS SO BE BOLD TO QUIT EARLY. (THIS IS THE MOST IMPORTANT POINT IN OPTION TRADING, PEOPLE GENERALLY BOOK BIG LOSS IN OPTIONS WHEN THIS GOLDEN POINT IS NEGLECTED.)

 4. DO NOT EXHAUST ALL YOUR MONEY IN BUYING OPTIONS. ONLY TRADE IN 60% OF MONEY AND ALWAYS HAVE 40% RESERVE FOR OPPORTUNISTIC TRADES.

 5.THOUGH AVERAGING OF OPTIONS LOOKS VERY ATTRACTIVE, IT IS LIKE SLOW POISON. AVOID AVERAGING AS FAR AS POSSIBLE.  ADJUST YOUR MIND TO DO REVERSE TRADE,  MEANING  IN CASE OF HOLDING  5000 PUT, SELL A LOWER OPTION SAY 4800 PUT IN CASE OF FALL IN MARKETS & RISE IN PUT VALUE, OR IN CASE HOLDING  5000 CALL, THEN ON MARKET RISE WHEN CALL VALUE RISES SELL HIGHER CALL OF 5200 OR IF HOLDING A PUT, BOLDLY BUY A CALL AGAINST  THE  OBJECTION OF YOUR   MIND.

 6. THE ABOVE OPTION RULES ARE TIME TESTED  AND MOSTLY FOUND TO BE CORRECT. ALTHOUGH MOST OF THE TIME  YOUR ANALYST  WILL GUIDE YOU WHEN TO BUY OR SELL BUT  YOU ON YOUR OWN ALSO BE  RIGID ON THE ABOVE  5  GOLDEN RULES FOR OPTIONS. YOU MAY FAIL ONCE  BUT 9 OUT OF 10 TIMES YOU WILL NOT REGRET.

7.THE MOST IMPORTANT THING TO BE KEPT IN MIND IS THAT YOU MUST HAVE YOUR OWN MENTAL MUST QUIT LEVELS SAY ABOUT 5 OR 10 POINTS TO AVOID BIGGER LOSS IN CASE THE COMMUNICATION FROM ADVISERS SIDE FAIL DUE TO UNFORESEEN CIRCUMSTANCES

Advice for Stocks, Futures& Options (Intra day) Stop Loss not to be fed but must be kept in mind to quit the position ( DATA GIVEN BELOW ARE SAMPLES & NOT THE ONLY FUTURES & OPTIONS TO TRADE & MAY NOT BE SUITABLE AFTER MARKET OPENS. SO  TRADE  ONLY ON PRICES SENT THROUGH  MOBILE SMS / Y. MSNGR DURING MARKET HOURS)

Buying Trade:- FOR SUBSCRIBERS--SMS/ Y MESSENGER DURING TRADING HOURS

SHORTING TRADE

  BUYING --                                                                                                   :RATE ONLY FOR

  SELLING --                                                                                                   SUBSCRIBERS

SERVICES  PROVIDED (MOST OF OUR ADVICE IS FOR INTRADAY TRADING IN FUTURE & OPTIONS)

 (WE MONITOR EACH TRADING CALL, FOLLOW IT UP ,CHANGE TARGET OR SL OR ADVISE REVERSE TRADE)

  1.NIFTY & STOCK FUTURES & OPTIONS INTRA DAY TRADING (Through Yahoo messenger  and  Mobile SMS during trading hours ) 

  2.Intraday trading advice:- EQUITY CASH -- BUY & SHORT SELL INTRADAY & BTST,STBT ( during trading hours)

   3.Stock Investment advice for short, medium and long term.

   4.Swing Trading Advice.

   5.1 to 1  Tele chat regarding trade & held position (RATES DIFFERENT)

   6.Trade As Per  Your  HOROSCOPE  Indications (Date, time & place of birth required)

  7. DAILY, WEEKLY & PRE MARKET NEWSLETTER

(EXCEPT FOR A  PRE MARKET GENERAL INFORMATION ON INDEX RANGE, SUPPORT & RESISTANCE AT 8.30AM DAILY, ALL OTHER TRADING TIPS ARE SENT DURING MARKET HOURS ONLY)

OUR SUBSCRIPTION RATES

(From Calendar Date to Calendar Date from 1st October 2010)

(Please add Rs.100/- per month   if tips by sms And + Rs.169/- for cash deposit in ICICI  or Rs.110/- for cash deposited in  HDFC Bank  respectively

(Only 1 option call  out of 4 to 6 daily trading  future & option calls with only 
 about Rs.20000/-investment with your broker can give you a regular daily income. Just try & see for yourself) 
 

TRIAL :-THERE IS NO FREE TRIAL

BANKING DETAILS

NAME:-  Pradipta  Kumar  Patnaik

HDFC BANK A/C NO. 00421330005405    (SECUNDERABAD BRANCH)IFSC CODE-HDFC0000042

ICICI BANK A/CT NO. 630801532020   ( SECUNDERABAD BRANCH ) IFSC CODE-ICIC0006308

(Online Transfer or Cheque/Cash deposit, Demand Draft Or Money Order)

(For Cash Deposit, FOR ICICI Bank add Rs.169/- & FOR HDFC  bank  add RS.110/- as  banks service charge) 

 Send:-- NAME, MOBILE NUMBER, YAHOO ID, PACKAGE PAID FOR & BANK, BY E-mail (MUST) after your payments to get trading Calls)

Mobile No--09391023729

& 09603641122

Land Line:040-40146657

040-27796285

E-mail:-     pikpot@yahoo.co.in

Yahoo id:--  pikpot

Disclaimer: This newsletter is an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be construed as an offer to buy or sell securities and derivatives of any kind. Traders should incorporate their own safety mechanism and stop loss in trading in order to avoid loss.