Above is Daily Chart of USDINR (Spot )
Below 62.258 level if trades with volumes and sustain below will take to 61.8475-61.71 level in hrs only.
Minor Support at 62.07—–62.01 level.
Sunday, 9 February 2014
SGX NIFTY
SGX NIFTY :Last Close -6077
First Hurdle & Target : 6112 level.
Decisive CROSSOVER & Stays above for 20 minutes …………….
Nonstop Rally upto 6146 ,6158 is possible.
10 LESSONS FOR TRADERS
1) Have a firm stop-loss point for all activities: jobs, relationships, and personal involvements. Successful people are successful because they cut their losing experiences short and ride winning experiences.
2) Diversification works well in life and markets. Multiple, non-correlated sources of fulfillment make it easier to take risks in any one facet of life.
3) In life as in markets, chance truly favors those who are prepared to benefit. Failing to plan truly is planning to fail.
4) Success in trading and life comes from knowing your edge, pressing it when you have the opportunity, and sitting back when that edge is no longer present.
5) Risks and rewards are always proportional. The latter, in life as in markets, requires prudent management of the former.
6) Happiness is the profit we harvest from life. All life’s activities should be periodically reviewed for their return on investment.
7) Embrace change: With volatility comes opportunity, as well as danger.
8) All trends and cycles come to an end. Who anticipates the future, profits.
9) The worst decisions, in life and markets, come from extremes: overconfidence and a lack of confidence.
10) A formula for success in life and finance: never hold an investment that you would not be willing to purchase afresh today.
Friday, 7 February 2014
Thursday, 6 February 2014
LEVELS FOR S&P 500
S&P 500-Major Support at 1736,Watch 1757 level as Short Term Hurdle
06 February 2014 - 16:24 pm
Above is Daily Chart of S&P 500
Our Crucial Support was at 1736 level (Yesterday made low of 1737.92 )
Three Consecutive close below 1736 +Weekly close will take to 1698—————-1685 level.
Above 1757 level………….If trades with volumes and sustains above for 20-25 minutes or more will take to 1768—1772
Wednesday, 5 February 2014
LEVELS FOR 6-2-2014
Market Review for 6th February 2014
Nifty (6022) we said ‘technically the market is still weak but like I said it is stretched, and so a technical bounce is not ruled out and from a trading perspective it would be wise to trade long only after it manages to cross above 6075’ the market unfolded as expected and inched up but my analysis remains the same and also my reference points for trading…
The support for Nifty is it 5972-5920 and the resistance to the up move at 6075-6190
U.S LABOUR MARKET DATA
The first look at the US labour market in January should go someway to allaying fears that the economy is losing momentum.
The world’s largest economy created 175,000 jobs last month, according to a survey from ADP Research. That’s weaker than the 185,000 forecast and down from 238,000 in December.
But given the bout of cold weather that swept across the US in January and a weak official reading of job creation in December, it should provide some relief.
The survey comes 48 hours before the release of the official figures, which economists currently forecast will show that 184,000 Americans found jobs.
The health of the labour market remains central to how quickly the Federal Reserve begins to reverse its multi-trillion bond buying programme.
It’s a backdrop that has sharpened the focus on the ADP survey, whose tallies of monthly job creation have historically overstated the official surveys from the US Bureau of Labor.
In December, for example, the ADP survey said 238,000 jobs had been created, while the officially total was a much weaker 74,000.
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