IIP Data July 2010-Chears to Indian Equity Traders !

1.IIP Data expanded 13.76% in July 2010, compared to 5.76% growth in June, beating the Street’s expectation of 7-8%.
2.Inflation rasies to 9.97% in July.
3.Manufacturing, which generates exployments has been doing well, Grown by 15%.
4.Capital Goods contributed mostly to this Growth in July.All Inventories have used.
5.RBI may rise Rates again to tame the Inflations.Creatit growth is yet to Pick-Up.
6.We are on the Track to achieve the 8.5% Growth Rate.


The Author is Senior Chartist of M/S Durgapur Holdings( www.niftynext.blogspot.com). She may be contacted at niftynext@gmail.comOr + 91 880 2230 836.

How to TRADE ON our calls?

Example :

Buy NIFTY above 4400 target 4445 – 4485 SL 4380

       Always take entry after above price. (Technically we call it is breakout level)

       Let nifty to cross 4400 then if sustain for 1-3 minutes then Buy.

       When 1^st target achieved, book 50% profit, revise SL to Buy Price.

       When 2^nd target achieved book 100% profit, revise SL to 1^st target.

Or

You can trail Stop loss and enjoy good profit, like this

       Always take entry after above price. (Technically we call it is breakout level)

       Let nifty to cross 4400 then if sustain for 1-3 minutes then Buy.

       When 1^st target achieved, revise SL to Buy Price.

       When 2^nd target achieved book revise SL to 1^st target.(HUGE PROFIT)

Similarly follow above instructions for Sell Calls.

Similarly follow above instructions for all categories of products means, Cash Calls,  Nifty ,Bank Nifty,CNXIT Futures Calls( Intraday & Delivery ).

Trading, Time Frames, And Trends

Technical analysis is used to forecast future price trends. Many technical tools focus on the task of defining a trend. Not addressed adequately, however, is the issue of what kind of trend is being defined. Is it long term, medium term, or short term? Time frames are important for traders. After you establish the trend of the time frame you trade in, the next step is to relate that to the trend of the next larger time frame. For example, if you established the direction of the trend on a daily chart, you would look at a weekly one to confirm the direction of the trend. Understanding time frames will make sense of trends between two time frames, especially when there are opposing trends. When that is achieved, you can improve your market forecasts.

Time frame approach defined
It is a common practice for traders to look at markets in a single time frame. Traders typically focus only on the time frame they trade in, be it the hourly or daily charts. With the benefit of modern technology, charts are now available on time frames ranging from tick charts to five-minute ones to hourly, daily, weekly, monthly, and beyond.

The time frame approach is a technique where you analyze a market over two or more time frames. If you normally analyze a five-minute chart, you should analyze the hourly one as well. If you are a daily chart trader, you should analyze the weekly or even the monthly for comparison. This will help you better forecast the market and trade more effectively.

FIGURE 1: WEEKLY CHART OF STRAITS TIMES INDEX (STI) FROM MARCH 2006 TO MARCH 2009. After a bullish rally in 2007, the weekly chart displayed a reversal in trend in 2009 when the 10-period EMA crossed below the 40-period EMA.