India’s finance minister P. Chidambaram met with top bankers Saturday to discuss ways to boost the weak rupee and bring in more foreign capital to bridge a trade gap that has put pressure on the currency.
Chidambaram was accompanied by top officials at the meeting in India’s financial hub of Mumbai with representatives of leading private and public sector banks.
As the US economy picks up, the Federal Reserve is expected to start winding down its bond-buying stimulus scheme which has helped fuel an investment splurge in Asia’s emerging markets.
“The meeting was mainly to seek ideas and suggestions on what can be done about capital inflows. It was a very good and positive meeting,” ICICI Bank’s chief executive Chanda Kochhar told reporters. Read More
As Expected :Yesterday…………..Dabur zoomed in Morning.What Happened to SUN TV ,CIPLA ,LARSEN ,Mcdowell (This was Jackpot of life )
Intraday -Maruti zoomed like Rocket after our Buy Call.
Trading is not about winning percentage, being right all the time, or predicting the future. What it is about is having bigger winners than losers. If you are profitable after each long string of trades then you are a winning trader in that time frame. You can make money through winning percentage as long as you keep losers small and you can make money through huge wins even with lots of losses. The key is not how many times you are right but the size of your winners versus your losers. That is the magic elixir of profitability.
Yes ,Tons of Money Minted in Jubilant Foods (Call given @ 977 & yesterday it was 1085 )
What happened to RELIANCE ?Not Broken 781-765 & zoomed to kiss 890 in 5 sessions only.
(Many Strategies are there ,We Trade ,Recommend..Not everything to be written and said on Blog )
Just for Our Critics :“Critics are like eunuchs in a harem; they know how it’s done, they’ve seen it done every day, but they’re unable to do it themselves.”
Free Advice :Spend 10000 Hrs for Trading in your life first then only come on TV ,FACEBOOK ,Chatroom to do Bla Bla and more important thing…First Earn ,Then Mint Money ,Then Create Wealth………then Shout (Remember it will be done by 5% of Traders across Globe )
The great trades don’t require predictions. The Soros trade of going short the pound in 1992 was based on something that had already happened — an ongoing deep recession that made it inevitable that the U.K. would not maintain the high interest rates required by remaining in the E.R.M. Afterward, everyone said, “That was incredibly obvious.”
“Most of the great trades are incredibly obvious. It was the same in late 2007. In my mind, it was clear that the financial system was imploding and that most market participants hadn’t noticed.”
Do you agree that the great trades are obvious? Why do so many market participants miss what is unfolding right before their eyes?
What are the elements in your process for observing, keeping tabs on, and exploiting major macro trends?
Last Close : 5648 level.
Our Yesterday Headline was :
Below 5768-Panic to Continue.Will Try to kiss 5700-5650 ? (What Happened u all know )
Above is Weekly Chart of Nifty Future
No Need to USE BRAIN………………Yesterday Intraday ,We had written :
The most important rule of investing is to play great defense, not great offense. Every day I assume every position I have is wrong. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead. Always maintain your sense of confidence, but keep it in check. -Paul Tudor Jones
Intraday :Tata Communication -Blasted from 190 to 196.
As Expected Reliance -Blasted ,Mcdowell ,FRL ,Aditya Birla Nuvo…..Zoomed !!
Real Jackpot was R.COM ,Above 110 it kissed our Target of 120 in hrs only.Made high of 122
Yes ,Ranbaxy ,Dr.Reddy crashed.
(Yes ,Way u have to Mint Money and Our Mantra is from Morning 9 till 11:30 PM ,If u get Opporunity …Mint Money )
Just have a eye on 82 level…………….If trades above this level for 5-10 minutes ,Grab it.
(Forget Market ,Forget Nifty Future )
Yes ,We see UNEXPECTED Spurt …….upto 87 ,88.50 & there after ???
Buy 90 Call in TONS if u get and Buy this stock in panic of Rs.1-2-3…………..!!
U will see very soon on BLUE Channel ,Don’t trade no worry……….Don’t short.
Two Days back ,We told u…..Sell this stock around 233–235 level !!(Remember )
It kissed 233 & crashed !!
Today ,Break below 223 with volumes……………………SELL IT !!
Target :217—215 & there after ???????
Sell if revives ,No if and but.
Rs 100 move on card……………………..!!!!!
Above 990 level ,If trades with volumes and closes above…………………Unexpected BLAST BLAST BLAST on card.
Above 975 ………..Buy it and Forget ,Short Term Target :990-997+ in hrs only.
(Something is cooking ,open challenge )
Stock Heading towards……….834—————–843 level !!!
Yes ,Above 790….No worry @ all.Grab it and Forget for sharp Rally.
Target intact of 301 level (Remember H&S Formation and neckline broken @ 317 level )
Yes ,Sell if u can @ opening bell.
Below 820.50 if trades with volumes for 20 minutes will take to 810—806.50 level panic.
Below 824,Short Term …Bears will have upperhand.
-Will Update more to our Subscribers ,Updated at 8:59/19th June/Baroda
“Sun Tzu said if you sit by the river long enough, you’ll see the bodies of your enemies float by. The key is “long enough.” If you live long enough, you have to be the survivor. When I was a kid, we didn’t have the video games you have today, so we used to listen to comedy records. One of the greatest ones was Mel Brooks doing the 2000 year old man. Carl Reiner says to him, “how did you get to be the world’s oldest man?” And he says, “Simple. Don’t die.” How do you get to be the world’s oldest investor? The answer is don’t crap out.
“So if you look at distressed debt where we started in 1988, I could tell you who our number one competitor was in every year through 1995 and not one is a main competitor today. And it’s not because of what we did; all we did is perform consistently. They crapped out. It sounds simplistic to say, but the first requirement for success is survival…”
– Howard Marks
What steps do you take to ensure survival as a trader?Do you think about markets from the perspective of wanting to be around for a very long time? How do you proactively make that happen?Blowing up, bleeding to death, and grinding out are different ways to “die.” Imagine three failed traders, one for each of the ways. What might the postmortems look like?
Last Close : 5994
Yesterday as Expected (It was Reversal Day ).Our Stop was 6160 for Shorts…Recommended & Written on Friday/Saturday …!!