A NEW WAY TO HOLD GOLD

hat if you could carry and exchange gold in the exact same manner as you do with the dollar bills in your wallet?

Recent technology is now making this possible.

Being able to hold gold in this form is significant for several reasons.

First, it makes gold ownership available to all budgets. Many of the world’s households have been priced out of gold to date. This changes that completely.

Second, it enables the potential for everyday transactions should we ever return to a precious metal-backed monetary standard. It answers the challenge: How will you pay for your groceries with gold? With fractional-gram gold notes, it’s now easy.

TRADING RULES

1. The market pays you to be disciplined.
2. Be disciplined every day, in every trade, and the market will reward you. But don’t claim to be disciplined if you are not 100 percent of the time.
3. Always lower your trade size when you’re trading poorly.
4. Never turn a winner into a loser.
5. Your biggest loser can?t exceed your biggest winner.
6. Develop a methodology and stick with it. don?t change methodologies from day to day.
7. Be yourself. Don?t try to be someone else.
8. You always want to be able to come back and play the next day. Once you reach the daily downside limit, you must turn your PC off and call it a day. You can always come back tomorrow.
9. Earn the right to trade bigger. Remember: if you are trading poorly with two lots you must lower your trade size down to a one lot.
10. Get out of your losers.
11. The first loss is the best loss.
12. Don?t hope and pray. If you do, you will lose.
13. don?t worry about news. it?s history.
14. Don?t speculate. if you do, you will lose.
15. Love to lose money. What I mean is to accept the fact that you are going to have losing trades throughout the trading session. Get out of your losers quickly. Love to get out of your losers quickly.
16. If your trade is not going anywhere in a given timeframe, it?s time to exit.
17. Never take a big loss. Only a big loss can hurt you. Please review rules #5, #8, #10, #11 and #15. If you follow any one of these rules you will never violate rule #17.
18. make a little bit everyday. dig your ditches. don?t fill them in.
19. Hit singles not home runs.
20. consistency builds confidence and control.
21. Learn to sweat out (scale out) your winners.
22. Make the same type of trades over and over again ? be a bricklayer.
23. don?t over-analyze. don?t procrastinate. don?t hesitate. if you do, you will lose.
24. all traders are created equal in the eyes of the market.
25. It?s the market itself that wields the ultimate scale of justice.

WEEKLY LEVELS FOR NIFTY

SENSEX (21,063.6)

The Sensex moved to the intra-week high of 21,379 before declining towards the weekend. The movement last week has fuddled the short-term view. The Sensex has moved in the range between 20,550 and 21,500 since December. There are two ways in which this move can be viewed.

It could be a consolidation phase before the next upmove. This will imply that the medium-term uptrend from the low of 17,448 has one more leg to go. We need a strong close above 21,500 to prove this count right. The minimum target in this case is 23,000.

The other medium-term count is that the move from 17,448 is in its final stages and forming a terminal pattern. Continued sideways move between 20,500 and 21,500, followed by a break below 20,000 will mean that the index has topped out and is headed lower in the medium term.

It is hard to judge which of the two scenarios is unfolding since the short-term trend is sideways. We need to see the movement over the next couple of weeks to draw any conclusion. But it is obvious that the medium-term trend is up and a strong move below 20,000 is needed to negate this view.

The short-term trend is down since the index is reversing lower over the last two sessions. Immediate supports are at 20,913, 20,821 and 20,625. Reversal from any of these levels will take the index higher again.

Resistances for the short-term are at 21,379; 21,483 and then 21,973. In short, the area around 21,500 will be the key hurdle in the near-term.

NIFTY (6,261.6)

Nifty hit the high of 6,346 before reversing lower. The index is moving in the range of 6,130 and 6,415 since the first week of December. We are unable to discern the next medium-term move at this point.

A strong break above 6,420 will mean that the next leg of the move from the 5,118 low is unfolding. Minimum target in this case would be 6,590.

If the index moves sideways for a couple of weeks more and then breaks lower below 5,900, it will mean that the medium-term trend has reversed lower.

We will have to decide on the medium-term view after seeing the movement over the next couple of weeks.

The short-term trend in the index is down. Immediate support that needs to be watched is at 6,221.

The next support is at the 200-day moving average at 6,200 and the previous trough at 6,173. Short-term investors can watch out for upward reversal from either of these levels. Short-term resistances are at 6,346; 6,415 and then 6,421.

DELIVERY PICKS

Our Opininon for Today's Market....... 1.Market Looks Volatile... 2 Stay Cautious... BHARAT FORGE (Bse Ticker-500493@ Rs.348/-) Excellent Breakout In Stock!! Door Open For Stock to Cross Rs.450/- TARGET Rs.362/- Rs.365/- SL Rs.332/- INFOEDGE (Bse Ticker-532777@ Rs.541/-) Big Dream Run Start Above Rs.525/- Door Open For Stock to Cross Rs.600/- TARGET Rs.558/- Rs.575/- SL Rs.518/- LUPIN (Bse Ticker-500257@ Rs.916/-) Stock Looks Weak On Chart TARGET Rs.900/- Rs.890/- SL Rs.935/-

LEVELS FOR NIFTY

Observation 
Initiate Shorts below 6298 & Hold existing with the stop of 6360. (All levels in Spot) 
Day’s action formed a hammer sort of candle pattern with good volumes which is a bearish reversal pattern; here it’s 
not an exact hammer pattern but we could consider it to be bearish if price moves below 6298. 

Technically, another lackluster day, very narrow movement witnessed in the index; no significant price development 
either side. Our bearish setup is still intact as index trades below 6360. The recent price development indicates that 
index is forming complex corrective pattern. Internals are W-X-Y (earlier it was simple correction – A-B-C). As it is a 
complex correction it is slightly difficult to predict the exact levels. Overall we are in the crucial stage of the corrective 
phase; however don’t fall in love with bulls until our levels have taken out (6360). The prevailing down trend is still 
intact. And reversal level is placed at 6360 for near term and 6415 for short term, unless violation of these levels 
trend remains down for the target of 6130 – 6070 in near term and 5970 in short term. 

Traders who are holding shorts (initiated at 6285 – partially booked around 6220 - 6200) can hold with the stoploss of 
6360 on intraday basis. Initiate new short positions on a fall below 6298. In case any breakout above 6360; traders 
may maintain mildly positive bias till 6415

EXCELLENT QUARTER FROM TCS

After unexpectedly good results from Infosys and HCL, all eyes were on Tata Consultancy Services on Thursday, as India’s biggest IT outsourcer by revenues posted results for the three months to end-December.

The group announced profits after tax of Rs53.77bn ($873.6m), up 15.1 per cent on the previous quarter, on revenues of Rs212.94bn, up 1.5 per cent.

Chief executive, N Chandrasekaran said in a statement:

Our diversified market presence and services portfolio have helped us overcome seasonal weakness and soft demand in the Indian market.

That sounds good, especially at a time of year filled with holidays, when billable hours fall for these outsourcing groups. But in some ways it’s not as good as industry analysts were expected.

TATA MOTORS GLOBAL SALES DIP

Auto major Tata Motors today said its global vehicle sales, including Jaguar Land Rover, declined by 19.95 per cent to 79,220 units in December 2013, compared to the year-ago period.

Tata Motors had sold 98,968 units in the corresponding period of 2012.

Global sales of all passenger vehicles in December 2013 stood at 49,721 units, an increase of 5.95 per cent, from 46,925 units in December 2012, Tata Motors said in a statement.

Sales of luxury brand Jaguar Land Rover rose by 24.66 per cent to 40,244 units during December 2013 as compared to 32,282 in the same month of 2012.