Anirudh Sethi Report

Emotional trading is a recipe for disaster – Looking at my gains and losses for the year, I have noticed that many of my losses came from trades that were taken during the middle of the day or from trades in which I changed my original plan after the trade was taken. I am really focusing on making trades only at the end of the day and also not watching the intraday action too heavily, especially in a volatile environment like February. I also need to do a better of job of setting stops and sticking to them, rather than adjusting them after the trade has been made, which usually just led to bigger losses.

Major Hurdle at 5566

Three Consecutive close above this level+Weekly close (Must ) then expect allround unexpected buying and next target with No if and but :Kissing all time high !!

Yesterday ,I had written below 5385 will slide to kiss 5355 -7DEMA

Yesterday made low of  5361 & closed at 5382.

Now ,What to expect from this level ?

7DEMA :5361.Decisive break with volumes below this level will take to 5343-5329 level.

Today once crosses 5391 then expect rally upto 5414…….Above this level will zoom upto 5431-5437 level.

Three Consecutive close above 5436 will take to 5551-5589 level.

I will Update Intraday levels for NF ,Bank NF ,CNX IT to our Subscribers.

Updated at 6:58/16th July/Baroda/India

Dear Readers /Traders for Nifty Future ,Iam writing 5566 is Laxman Rekha

Three Consecutive close above this level +Weekly close (is must ) will open gates for NF to kiss all time high of 6336-6593 )

Many times ,I had written about BSE SENSEX too.But last week I had recieved many e-mails and readers had asked about Trend for SENSEX

After looking at Monthly chart :

The level of 18672 is LAXMAN REKHA

Three Consecutive close above this level +Weekly close is must will take to 21026-22049,Yes will kiss all time high if fulfills above condition.

Short Term Hurdle

18177 is nearest Hurdle.

Crossover and close above this level for 3 days will take to 18569-18699 level.

This is the 31st Month from High of 21206

3rd Month :Oct’10 will complete 34 Months

This is 22nd Month from recent low of 7697

Just concentrate on 18672 & 5566 for Sensex & NF

And Decide your Investment and Trading Strategy.

I will Update More to our Subscribers

Updated at 1:15/14th July/Baroda

The objective of the trend follower is to employ discipline to offset biases in order to extract signals from prices to the exclusion of other information. In fact, this has greater similarity to a statistical or engineering problem than to a finance problem. Because prices are surrounded by or filled with noise, trend following is a form of  price smoothing. You eliminate the noise to obtain a clearer signal. It also can be thought of as a filtering problem. You throw out the excess information that may be associated with trades that are not driving the trend signal.

Short Term Hurdles :5398—-5436

Laxman Rekha at 5566.

(Three Consecutive close above 5566+Weekly Close above this level will take to 6336-65393 level.

Today ,What to expect ?

On Friday closed 5354

Today ,Watch 5377-5386 levels as Hurdles.

-With strict stoploss of 5386…..Can we go short ??

Yes ,Around 5370-5375 level….Your Risk will be of Rs.10-11 points ………go short !!

Above 5386 will zoom upto 5398-5436 level.

Support exist at 5320-3DEMA

7DEMA :5299

I will update more about NF ,Bank NF ,CNX IT during Trading hrs to our Subscribers.

Updated at 1:37/12th July/Baroda/India

What beat me was not having brains enough to stick to my own game — that is, to play the market only when I was satisfied that precedents favored my play. There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. No man can always have adequate reasons for buying or selling stocks daily — or sufficient knowledge to make his play an intelligent play.-Jesse Livermore

Yesterday ,I had mentioned above 5260 level will zoom to kiss 5301-5310 level and there after unexpected buying will start.

To our Subscribers during Intraday ,I had sent message to sell NF with stop of 5348 with indicating 5339-5348 are hurdles…..it kissed 5339 & crashed upto 5304 …My Intraday support.

Now ,Today …What to expect ?

5339-5348 are Hurdles !!

If crosses 5348 level then only another round of buying will start………..!!!

Support exist at 5281-5281 level.After breaking 5281 with volumes it will crack upto 5261-5255 level.

Above 5348 if trades with volumes then nonstop rally upto 5378-5386 not ruled out.

I will Update more during trading hours to our Subscribers about NF ,Bank NF ,CNX IT.

Updated at 7:00/09th July/Baroda

Don’t apply logic to the stock market
So often I see people make decisions in the market on what makes sense to them. It makes sense to buy stocks when the company insiders are buying. It makes sense to buy stocks that are making positive announcements. It makes sense to listen to what the President has to say about the company’s prospects. However, all that matters is what the market thinks of the company and whether the buyers are more motivated than the sellers. So often, the market does things that do not make any sense until we later learn of what motivated the market to do what it did. Remember, the market is forward looking, most times, what makes sense is judged on what has happened in the past.

From Last 6 days ,Iam writing 5240 is crucial support level.Break and close below this level will take to 5157-5130 level.

-Just see in last 6 sessions kissed 5240-5225-5231-5240-5234 & yesterday made low of 5233.

-Yesterday after crossing 7DEMA it flared upto 5313 to close at 5307.

Now ,What to expect ?

Just see with naked eyes till yesterday it had not broken trendline support :Join points 4786-4937.

Today ,If trades above 5310 level with volumes (should stay above this level for 5-10 minutes with volumes )then will rally upto 5339-5348 level.

-Suppose crosses 5348 level too then ??

-Unexpected allround buying will start and will retest recent high of 5377-5386

-Support exist at 5289,break will take to 5274-5269-5254-5249.

I will Update more during trading hrs about NF ,Bank NF ,CNX IT to our Subscribers.

Updated at 6:53/07th July/Baroda

As I was reading Thomas Busby`s Trade To Win I came across this quote:“I have been trading for decades and I am still standing. I have seen a lot of traders come and go. They have a system or a program that works in some specific environments and fails in others. In contrast, my strategy is dynamic and ever evolving. I constantly learn and change.”

Its one of the best trading quotes that I have read this year. As Ed Seykota said many years ago, “The markets are the same now as they were five or ten years ago because they keep changing-just like they did then.” I cannot agree more.                                                                                            

 3DEMA :5257

7DEMA :5271

Both will act as Hurdles for Bulls.

From Last 1 week ,Iam writing to concentrate on 5240 level.

Break and close below this level with volumes will create panic selling.

-Below 5240 next Target :5157-5130 not ruled out.

-Intraday Traders ,Watch panic selling selling below 5231 level !!

I will Update more duuring trading hrs to our Subscribers about NF ,Bank NF ,CNX IT and Stocks !!

Updated at 6:57/06th July/Baroda/India

There is an old saying that timing is everything. One of the dilemmas with our post bubble hypothesis is that while the enormous distortions affecting the market must eventually unwind, they can get bigger before reversing course. Balancing long-term with short-term views on the pivot of timing indicators is very tricky. For example, we think there is a housing bubble in the United States today, but we thought that two years ago too. (note: this was said in 2005). Since then, home-builder stocks have gone up by a factor of four, so it would have been a disastrous trade if we had put it on then. Lacking a good timing indicator until recently, we refrained from trading the housing bubble. Sometimes good trades are the ones you don’t put on.

On Friday ,I had written it will face Hurdle at 5283-5288 level.It made High of 5285 & crashed.Support was at 5240 level……made low of 5240 & closed at 5251 level.

Now,What to expect ??

3DEMA :5266

7DEMA ;5279

Support at 5240 level.Decisive break with volumes will favour Bears only.

Nonstop slide upto 5157-5130 on card.

Rising Line Support exist at 5230 level.

I will Update more about NF ,Bank NF ,CNX IT to our Subscribers during trading hrs.

Updated at 8:09/05th July/Baroda

Just remember, without a discipline, a clear strategy and a concise plan, the speculator will fall into all the emotional pitfalls of the market and jump from one stock to another, hold a losing position too long, cut-out of a winner too soon and for no reason other than fear of losing the profit. Greed, fear, impatience, ignorance and hope, will all fight for mental dominance over the speculator. Then after a few failures and catastrophes, the speculator may become demoralized, depressed,
despondent, and abondon the market and the chance to make a fortune of what the market has to offer.

Develop your own strategy, discipline and approach to the market. I offer my suggestions as one, who has traveled the road before you. Perhaps I can act as a guide for you and save from falling in some of the pitfalls that befell me. But in the end the decisions must be your own”.

Major Hurdles for Short Term Traders :

-5398-5436 levels

Last week after kissing High of 5377 it is in free fall mode .

Laxman Rekha exist at 5566.

Three Consecutive close above 5566+ Weekly close must will take to 6336 & New High.

Yesterday ,I had written below 5240 it will slide upto 5185-5190 to take support @ Trendline.

What happened ??At opening bell it opened with panic at 5225 & taken U-turn.

My Hurdles were at 5242…crossover Laxman Rekha was at 5292(Struggled for more then 1 hr to cross this level )

Yes ,But above 5292…..Move was unexpected and very fiery !!

What to expect ?

-Yesterday some Jokers had commented that I was Bearish.But these Jokers had not read below 5240 panic.I had mentioned that already 7 days completed from high of 5377…Just see on 8th Day it had taken reversal.

Today ,Once crosses 5323 with volumes and stays above this level for 5-10 minutes will take to 5339-5348.

Once crosses 5348…..will create allround Buying.There after will spurt to kiss 5377-5386 level.

-Trade with eyes open.

-Instead of giving comments ,Better start earning money !!

-Support exist at 5293,Break below this level will take to 5275-5269.

-Major support at 5240.Break with volumes…then only major problem for Bull’s.

I will update Intraday levels for NF ,Bank NF ,CNX IT to our Subscribers.

Updated at 11:22/01st July/Baroda/India

In uptrends, it is more profitable to be long all time highs and positive reactions to earnings. In downtrends, it is more profitable to be short all time lows and negative reactions to earnings. Every trend experiences normal corrections on its way up/down. Such corrections are often good buying opportunities as the trend tends to continue in its major direction. Sooner or later every trend ends. No one knows when. But to maximize and protect profits, we gradually raise our stops to levels, which when broken indicate an end of a trend. There will be times when our stops will shake us out too early from a trend, but we don’t need to catch the exact top or bottom in order to be profitable.

 Major Hurdles for Short Term Traders :

-5398-5436 level.

Last week after kissing High of 5377 it crashed to 5273 level.

Laxman Rekha exist at 5566.

Three Consecutive close above 5566+ Weekly close must will take to 6336 & New High.

From Last 3 days ,I was writing below 5350 level it will crash to kiss 5267-5240 level (Some Jokers were writing comments …But I had deleted and not approved their comments because they all are Jokers )

-AFTER breaking 5350,it crashed to 5273 level.

Today ,What to expect ?

5267-5240 are support levels.

If breaks 5240 level too with volumes then nonstop slide upto 5157-5130 not ruled out.

-Suppose not breaks low of Friday ( 5273 ) then also it will have to cross 5305 level with volumes and should stay above this level for 5-10 minutes then expect spurt upto 5325-5331.

Suppose takes support @ 5267 & takes U turn then ?

Suppose takes support @ 5240 & Jumps back then ?

101% WILL update more to our Subscribers during trading hrs.

Updated at 11:47/27th June/Baroda/India

We have all heard that trading is not a sprint but instead a marathon due to the need to continue trading with perseverance.However, the most successful traders invest a tremendous amount of time preparing and studying (marathon) so as to be ready when the trade is about to be executed (sprint).

A marathon of continuous preparation with many sprints in between as we execute trades. We each need to learn the many challenges as well as the many strengths that we possess in our trading experience and then trade with a confidence that each trade is a part of the entire process of our trading career.Learn from the successes and also learn from the losses.

Run the race whether long or short with the same desire to be the best and no matter whether you are just beginning or a veteran, you will see growth and see rewards.

Major Hurdles for Short Term Traders :

5398-5436 levels.

After kissing high of 5377 crashed to 5296 in 3 sessions.

Laxman Rekha @ 5566

-In Month of April ,I was writing this level and NF made high of 5398 & crashed upto 4786.

-Three Consecutive close above 5566 +Weekly close will take to 6336 & new high.

(Read twice ..What I had written 5566 )

Now ,What to expect ?

From Last two days ,Iam writing below 5350…Bears will take NF to 5267-5240 level.Yesterday made low of 5296 & closed at 5333

Today,Just watch 5341 level…….Decisive crossover above this level will take to 5356-5361 then 5377-5381

Support @ 5279-7DEMA

Below this level will kiss 5267-5240.

-No Charm in NF trading till it crosses 5398-5436 level.

I will Update more during trading hrs for NF ,Bank NF and CNX IT to our Subscribers.

Updated at 6:16/24th June/Baroda/India