Anirudh Sethi Report

Marc Faber has blunt words for Tim Geithner and the United States. If the nation was a corporation, the credit rating would be junk.

The fiscal emergency in Greece and the turbulence in debt markets are threatening to overshadow this week’s EU summit on business competitiveness. The problem poses a leadership test for Herman Van Rompuy, the EU’s first permanent president, who called the meeting. Greece’s debt crisis, and the risk of eurozone contagion,  are not on the summit’s official agenda, but leaders fear the impact on financial markets if the summit does not address the worst crisis to strike European monetary union since its launch in 1999.

I find time and time again that losing traders are making the same mistakes:

1. They don’t keep any records.
2. They do no testing.
3. They become euphoric about (and increase risk wildly after) wins.
4. They become despondent about (and decrease risk wildly after) losses.
5. They focus on how much money they want.
6. They rarely / never think about how much they stand to lose on a trade.
7. They set their stop loss based on a 1:1 or 1:2 risk to reward ratio, just to make
the ratio look good.
8. They discount the importance of psychology.
9. They over-value the importance of the trading “system.”
10. They have no routine.

BANK NIFTY :8425-8460 are Hurdles.Now real power above 8460 level only.

-Will rally upto 8567-8602.

CNX IT :Above 5505 will spurt to kiss 5565-5586 & there after unexpected buying will start.

 -For time being worst is over.

Rs.153 is Rockbottom.Above 159.50 catch it.tock will rally to kiss 165-166 & there after unexpected Buying will start.

U need Lion’s heart to Trade in this stock.

-Watch Triangle of Rs.58

-Grab it and forget.

-Stock will zoom to kiss 410 level & there after unexpected buying will start in this stock.

-Today above 402,Catch it.Stock will kiss 410 & then sky is limit.

Rs.400 is Rockbottom.

-Double bottom formation @ 400

Today above 431,Catch it.My target in hrs Rs448-452+.

-Stock will zoom to kiss 466 (will fill gap too )

-Any Panic ,Buy this stock.Have patience and mint unexpected money.

Just watch Triangle of Rs.48

-Yes its a Ascending triangle.

Any Time ,Any moment.Stock will create fire work.

-My First target Rs.424 & there after whole India will run for this stock.

RELIANCE :Will show power above 999 ,1005 level.

-Crossover will take to 1015-1020.

-Yesterday’s low very crucial :973.

No charm in Market ,Just concentrate on levels and trade.

Break and close below 4676 will create real panic.My TARGET is intact of 4531-4480 for Nifty Future below 4676.

-Maximum Sensex/Heavy Weight are in Major Down trend only.Any Revival best opportunity to sell -sell -sell.

Updated at 9:05/9th Feb/Baroda

Professional traders only place a small portion of their assets into 1 position. Or if they take on a large position, then they strictly limit their risk to 1-2% of their current equity. Amateurs typically place a large portion of their assets into 1 position, and they give it “room to move” in case they are actually right. This type of situation creates emotions that ruin accounts, while professionals are able to make decisions and cut losses because they strictly define their risk.
-Professional traders focus on limiting risk and protecting capital. Amateur traders focus on how much money they can make on each trade. Professionals always take money away from amateurs.

Now ,What to expect ?

-I Don’t change levels everyday.What I had updated yesterday during trading hrs the levels remain same.But u need Strategy to trade in MARKET.

Today ,Above 4756..No worry for Bull’s

-Will zoom to kiss 4809-4827 level.

-Suppose crosses 4827 with volumes (Stays above this level for 5-10 minutes )then will see powerful rally upto 4880-4898.

-Support exist at 4737-4728,Break will take to 4702-4693.

Just see from 9:25 to 10:30

and again from 13:30 to 14 :00 hrs

-Bull’s will roar ,just watch closely and see power of 15 minutes chart.

Around 14 hrs (2 baje )will update Intraday forecast.

-Intraday levels/Trend Deciders for our Subscribers.

Updated at 8:33/9th Feb/Baroda

Sir Richard Branson and fellow leading businessmen will warn ministers this week that the world is running out of oil and faces an oil crunch within five years.

The founder of the Virgin group, whose rail, airline and travel companies are sensitive to energy prices, will say that the ­coming crisis could be even more serious than the credit crunch.

“The next five years will see us face another crunch – the oil crunch. This time, we do have the chance to prepare. The challenge is to use that time well,” Branson will say…

In Morning Update ,I had mentioned 4769 & 4676 are Trend Deciders levels.

-Made High of 4763 & Crashed.On downside for less then a minute it kissed 4667 & taken U-turn.

-I had sent mssge ar 12 :50 ,Nifty  Future was at 4702 with expected rally upto 4738-4756.

Now While updating at 13:20 hrs it is trading at 4730.

Now ,What to expect ?

Watch very carefully the level of 4756.Crossover with volumes will create unexpected buying and short covering too.

-Nifty Future will try to kiss 4809-4827 level.

-My Crucial support level :4676 only.Break and close will create Bloodbath.

More Updation/Stock Recommendations for our Susbcribers.

Updated at 13:20/8th Feb/Baroda

Last week ,The epicenter of many of  questions seems to be southern Europe, where Greece, Portugal, Spain and to a lesser extent the remainder of the so-called PIIGS (Portugal, Italy, Ireland, Greece and Spain) have flamed investor concerns that burgeoning public debt may significantly weaken investor demand for sovereign debt and exacerbate an already trouble budgetary crisis.

Many investors have taken to selling the euro is as a means by which to reduce exposure to these problem areas and/or speculate on one or more of these crises spiraling out of control.

-Just look at above chart :Weekly chart includes a powerful rally of Year 2009 and more recently and two-stage selloff, starting in the first half of December and picking up steam over the course of the past 3 ½ weeks as traders looked to capitalize on weakness stemming from the problems in Greece, Portugal and Spain.

Just watch 136 level.Three consecutive close below this level+ Weekly close will take to 131.70-130 level.

-If not breaks 136 & trades above 138 level will create buying upto 140-141 level.

-Best Strategy :Sell on Rise.

-Will update more very soon.

Updated at 13:10/8th Feb/Baroda

There are three main reasons why day trading is so difficult:

1)When day trading, trading time is compressed. Losses and wins come at you faster and more often which requires a mature, developed psychology to properly handle that kind of instantaneous feedback in such a short period of time.

2)You must develop the psychology not to be seduced by the open market. Trading must remain emotionless and objective.

3)Your day trading results can be highly impacted by trading at higher time frames and the shorter your time frame, the greater this effect will have on you.

The psychology of day trading requires you to not let a string of losses or wins that occur in a short period of time affect your mental state. A frail ego or mind will not do well in handling the results of immediate trade feedback in such a compressed amount of time. It will be too over whelming and may cause incredible frustration and a feeling of hopelessness. This is why position trading using daily charts is recommend for new traders because it allows them time to absorb trade feedback in a manner they can handle while they get a grasp of their trading results. Read more…

Trading hours and decision making
You should make your overall (long or intermediate term) decisions before the trading hours and you should not change your general overview of the market during trading hours. Look at the bigger picture.

Breaks & presents
Take breaks from trading, don’t trade every day – after couple of weeks, make presents to yourself if you have been successful, go abroad or something like that. If you haven’t made profit, just take a couple of days off.

Crowd is wrong
Don’t follow the crowd, historically the public tends to be wrong. If everyone are buying, it might be good idea to start thinking of going short. If 85% of the market analysts are bullish, the market is most likely overbought, if less than 25% are bullish, it’s probably oversold.

Bets are bad
Don’t make bets. You don’t have to make trades multiple times a day or even every
day. Make trades only when you have a good reason to go into the trade. Wait for
an opportunity. If in doubt about the trade you have done, reduce the size or get out
of the trade.