Nifty, Bank Index & Stocks Ideas - 16 March 2010

Posted by A J at
Labels:

11 comments:

  1. mashMonday, March 15, 2010 5:46:00 PM

    hi Anuj,
    could u please have a look at Hindalco?

    ReplyDelete
  2. A JMonday, March 15, 2010 6:03:00 PM

    @mash
    Please elaborate what kind of information you want
    I am giving my current opinion
    Its in Up trend
    SAR comes at 162...should not hold overnight short positions
    Good luck

    ReplyDelete
  3. A JMonday, March 15, 2010 6:05:00 PM

    So today market finally said it's enough for bank nifty to go up...now reversed to short.. this swing trade lasted more than a month!!...so I am a swing trader or positional trader?...What's in a name after all...as long as we trade right

    ReplyDelete
  4. JayMonday, March 15, 2010 9:01:00 PM

    Dear Anuj Bhai,
    Where do you see nifty future expiry this month ? All of a sudden your nifty future showing downtrend (swing).
    Thanks

    ReplyDelete
  5. A JMonday, March 15, 2010 9:52:00 PM

    @ jay bhai
    As you can see from my profile picture I wear spects...I cant see that far..
    SAR got triggered so short trade is on now...although its a sideways market...so both long and short can exits...but I would prefer to be on short side...As is am short sighted
    Regards

    ReplyDelete
  6. sriganeshhMonday, March 15, 2010 10:17:00 PM

    anuj,

    can u pl do me a favor....pull out past history of bank nifty behaviour in the month of march...want to correlate with one important variable in the books of banks..
    sri

    ReplyDelete
  7. A JMonday, March 15, 2010 10:59:00 PM

    @sri
    Past history of bank nifty?...how...I dont have any software or data of previous years...
    Icharts might be the only source...what correlation have you found?.........:)

    ReplyDelete
  8. sriganeshhMonday, March 15, 2010 11:21:00 PM

    anuj

    tom market is there?

    sri

    ReplyDelete
  9. sriganeshhMonday, March 15, 2010 11:29:00 PM

    anuj

    bank nifty is basket of banking stocks..right
    in other words, it is reflection of banking sector performance.
    during march end, RBI declares YTM values (yield to maturity) for valuing the investment portfolio. So far it is low interest rate scenario giving them appreciation in valuation. But this time as the 10 year bond yield touched nearly 8% and soon it may cross that level also, probably the banks have to provide for depreciation in value of securities. This could be the reason of offloading in bank nifty...
    U need to verify this with past data..waiting for your reply
    sri

    ReplyDelete
  10. A JTuesday, March 16, 2010 12:14:00 AM

    @sri
    Yes market is open tomorrow...nothing mentioned in NSE site..
    Your analysis of bond yeilds seems right...but it has slightly gone over my head,I would still prefer to follow prices...As this way of valuation is very subjective thing..and manipulating the balance sheet is what banks must be good at...generally in bad times companies disclose bad news...and in good times (good market condition) they disclose good new and cover bad news......But keep up your research...How to use this information for trading tomorrow or intraday or this week...that is difficult for me.March end is still far away...before that is expiry...and fed rate announcement tomorrow...that should affect short term movement..
    Cheers

    ReplyDelete
  11. vicky..Tuesday, March 16, 2010 6:26:00 PM

    sri ji....u can get bank nifty data from nseindia.com
    kind regards....
    vicky....

    ReplyDelete

Subscribe to: Post Comments (Atom)

Popular Posts

How To Become A Stock Trader - 6 Stages Of Development As A Share Market Trader, Trading For A Living – A Practical idea?,How to use the market calls table, Simple Money Management Rules For Online Stock Trading, Buy Only and Sell Only Watch List, How do I calculate Stop and Reverse (SAR) Level ?, How to avoid whipsaws in trading, Inspirational Quotes - For Good And Bad Times, Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines, Diagonal [Leading (LD) and Ending (ED)],Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Flat (FL), Double Sideways (D3), Triple Sideways (T3), Triangle [Contracting (CT) and Expanding (ET)], Download - Elliott Wave Calculator,Free online Black Scholes option value and option greeks calculator,Free Download - Position Sizing Calculator For Stocks, Commodity And Forex Trading Using Microsoft Excel, Stock screener based on comparative relative strength indicator method, How to filter stock's information, to get the data for your portfolio scrips, Calculating Compound Annual Growth Rate (CAGR) for investment, Stock Scan setup using Narrow Range Seven (NR7) Strategy, Average True Range (ATR) Indicator Calculator Excel Sheet, Pivot Point, Support and Resistance Calculator for Intraday Trading, Relative Strength Index (RSI), Fibonacci Extension, Fibonacci Retracement, Compounding Calculator, Simple and Exponential moving average in Excel, DJIA Today [FREE DOW FUTURES LIVE CHART] Price Rate