Anirudh Sethi Report

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As I was preparing a presentation and looking for some interesting material I came across “Trader Vic – Methods Of A Wall Street Master” and this paragraph got my attention:

“I base my business philosophy on three principles, listed here in terms of importance: preservation of capital, consistent profitability, and the persuit of superior returns. These principals are basic in the sense that they underlie and guide all my market decisions. Each principle carries a different weight in my speculative strategy, and they evolve from one to another. That is, preservation of capital leads to consistent profits, which makes pursuit of superior returns possible.”

This was written in 1991 but I think its still a very valid proposition. I am also adding this line from the same book, “In my view, the way to build wealth is to preserve capital, make consistent profits, and wait patiently for the right opportunity to make extraordinary gains.”

 I found this fantastic Peter Lynch quote and I couldn`t help posting it right away:

“Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.”

Peter Lynch managed the Fidelity Magellan Fund. By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than 14 billion dollars in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return.

From Recent low of 134.61,already spurted to 137.82 level.

Just see Rounding Formation on chart.

I think last hurdle exist at 138.08 level.Crossover and close above this level for 3 consecutive days then will see another round of buying.

-Euro Index will zoom to kiss 140.17 ,140.86 level.

-What this means to Gold ??Just guess

Updated at 10:08/16th March/Baroda

Focused on entries, traders often don’t explicitly identify where they would harvest profits. They hold trades too long, exiting in a panic after reversals, or they take profits quickly, missing opportunity. They don’t factor current volatility into estimates of how far the market could move on their time frame, and they often don’t explicitly look for targets based upon prior moves and ranges.

If you focus on the money, you will start to impose your will upon the market in order to meet your financial needs. There is only one outcome to this scenario: you will hand over all of your money to traders who are focused on protecting their risk and letting their winners run.

From Budget Day…..Till Yesterday untouched.

 Grab :March Future.

Today ,Just watch 58 level.

Once crosses this level with volumes.

Buy your choice of qty.

Yes ,Grab 10-50-100-500 lots.

-101% Something Something will happen.

First TARGET above 58 will kiss 61.25-61.50 in hrs only.

Now suppose crosses 61.50 too then ….Nonstop rally upto 66-71 in hrs only.

Technically ,Worst is over.

I see spurt of 10-15% in Day or Two.

Either God knows ,What is cooking or somebody close to CC people knows…….

Forget everything ….just enjoy rally & will have party after mkt hrs.

Not only this stock ,watch all Infra stocks will blast ……in hrs only.

Updated at 8:47/17th March/BARODA

Rather than trying to unlock the mystery of trading through the vast array of noise that surrounds our chosen craft, ask yourself a few questions.Do I possess a set of rules by which I follow to execute each and every trade?
Are these rules written down and do I review them frequently?
Do I constantly review my trades against my rules as my first area of investigation for a trade gone wrong?
Am I constantly looking to improve these rules over time?
Most people could improve their results dramatically simply adopting and adhering to a simple set of rules. Picking up any book on trading will give you these rules to follow. Over time, the true professional will slowly start to build his own set of rules that better correlate with his personality and tolerance for risk and ultimately, this foundation will be the building blocks for the true success that I believe is available to all.

6175 & 6224 are Hurdles

Around 6175-6200 level ,Sell with strict stop of 6224 level.

Looking very Tired !!

On Rise ,Sell Sell Sell.

Today if crosses 9142 with volumes then will kiss 9172-9186 level.

-More updated will give to our Subscribers !

Above 282………….Catch it.

Stock will zoom to kiss 293-297 level.

(Previously also written ,Iam very Bullish on Crude and it will zoom upto $ 91-99 level very soon….so why to miss this stock )

Recommended on 3rd March @ Rs 759 level with price target of Rs.836-840 (Still intact )

Just watch 823 level.Once crosses it will create unexpected buying and stock will zoom to kiss 836-850-855 level.

(Our Subscribers are long in both stocks ,More Intraday update to our Susbcribers )

Kissing formation @ 971 level.

Today ,Above 996….catch it.

-Stock will zoom to kiss 1011-1016 level in minutes only.

-It was our BTST call for Thirsty Traders.

Above 1054,No worry @ all.

My Target of 1086-1096 is intact.

Yesterday closed at 1068

Today if zooms upto 1080-1085…then take Risk of Rs.10 ,stoploss 1096-1100.

-Go short !!

-I will update more to our Subscribers.

Recommended to our Susbcribers take long above 775 level.

Now ,Just watch 792 level.If crosses with volumes will take to 805-809 level.

So close eye on 792 level.

Thirsty Traders /Readers ,I see FIRE WORK in Infra Stocks.

Yes ,Don’t miss the rally.Many virgin stocks……..

Now use your commensense…..and keep these stocks on your trading screen.

Updated at 8:26/16th March/Baroda

The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation when the market goes against you you hope that every day will be the last day — and you lose more than you should had you not listened to hope — to the same ally that is so potent a success-bringer to empire builders and pioneers, big and little. And when the market goes your way you become fearful that the next day will take away your profit, and get out — too soon. Fear keeps you from making as much money as you ought to. The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that  his profit may become a big profit. It is absolutely wrong to gamble in stocks the way  the average man does.

So Yesterday my Target of 5184 was also achieved.

Nifty Future :Crossed this level and kissed 5218 to close at 5205.

You all know ,I had written two consecutive close above 5025 will take to 5144-5184.

Now ,One more close above 5184.Will see NF kissing 5303-5344 level.

-Every Day its going up…ready to hit Rising line of Rising Wedge.

-Bigger fall ,Bigger Intraday slide will happen

Today ,After crossing 5238 level will zoom upto 5255 or watch  Intraday jump upto 5275-5285.

-Best Strategy :Around 5255-5260.Take a Risk of 25-30 points…….Go short in NIFTY Future.

-Go short in small qty only.If u trade in 10 lots in one shot ,go short 5 lot around 5250 & another 5 lot around 5270.Your stoploss will be 5285.

Maximum it can rally is 5303-5343 (Extreme )

From Today ,Start going short in small qty.Yes ,Iam writing fresh selling.In next 1-2 sessions watch huge unwinding of long position in World Indices and heavy selling too.

Remember :3& 7DEMA are support ,now they are at 5160-5137.

What u all had earned in this Teji from 4667 till Yesterday or upto Today or upto 5300+ level.

All Gains will be wiped out in next 2-5 sessions itself.

-Be cautious at Higher levels ,But trade with levels.

I will update more during trading hrs to our Subscribers

Updated at 7:03/17th March/Baroda

http://www.business-standard.com/india/news/ril-loses-bid-for-canadian-firm/388837/

Above is the hrly chart of Reliance (Yesterday’s trading ).From 1030 to 1072…What a rally ?

On 3rd March ,LyondellBasell NEWS was out and stock zooomed from 992 to 1027 level in single session.

-Just think it over :Why this is happening with all companies listed in INDIA ?

-If u hunting to buy some company….is it Bad NEWS for company ?

If u lose …….and if u are not able to get Foreign Company…is it good for Domestic company ?

Technically ,I had written stock looking Hot only.

But who was having this NEWS …that it had has lost out on its $2-billion takeover bid for Calgary-based Value Creation.

-Media is reporting Today morning …so somebody was having this NEWS during trading hrs itself ??

Yes ,Chart indicated 2 days back only…Fiery move on card.

But reasons were known to some Insiders only…..Jai ho !!

Updated at 6:35/17th March/Baroda

And No need to do

….If u just see above chart of Nifty Future and if u will refresh your memory…then u will think…Never written to go short in Nifty Future.

-Yes ,We made loss in Put-Call.(It’s error )

-But compensated by buying NF above 5025 & still holding….!!

-Compensated by buying Reliance with stop of 960,doubled position above 1025 and added more above 1055.(What we write we follow )

-All Short calls in last 5-7 days melted.

-101% this is a corrective rally ,Iam still Bearish in Mkt…But I always write and say trade with levels only.

-Rising Wedge on chart will create problem.

-My Target above 5184 (Two consecutive close above this level )…Yesterday was first day.Next target 5303-5344.

Yes ,Save this line :Ongoing rally is complete correction of fall from 6336 to 2228 level.

-Maximum Upper Target 5309-5566.(Made 5303 on 6th Jan’10 again trying to retest )

-Time will tell ,Have patience from these levels ,I see 38.2% to 50% correction.(From 2228 to What ever High NF makes )

Instead of searching faults in me and my analysis.Best way is u all start minting money..Then create wealth and say something.

-Nothing will effect me ,Now my aim is not to run for money.

-Traders comment on site (using bad language and bad words ,I will delete these comments )..First earn money -Then make your trading account balance sheet in plus and then comment.

Do ,What ever u want to do….Always remember ratio will remain same only.90% Traders will lose (Either u read or follow any person on earth ) 5% Traders will be in No Profit No loss zone and only and only 5% Traders will earn.

First come in category of 5% (Winning side )Create wealth from Trading….then comment ,speak and write.

Updated at 1:38/17th March/Baroda