30-10-2014 - Pivot trading levles

Intraday Pivot trading levels are given below. Please click on " Read more " link

30-10-2014 - NIFTY ( Futures )

                NIFTY has given a close at 8166.60. As stated yesterday, rally continues. Long position is still on hold. The targets are as stated in previous post, near / above all time high of 8200. Only change is in the Stop Loss level. Stop Loss can be

29-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

29-10-2014 - NIFTY ( Futures )

                NIFTY has given a close at 8089.15. As stated yesterday, rally continues. Long position is still on hold. The targets are as stated in previous post, near / above all time high of 8200. One can

29-10-2014 - IIFL ( Cash segment )

                IIFL has given a close at 166.55. This stock has given clear and good breakout today. Please refer the chart to see this clear breakout. As we have a policy to take every chance to trade the breakout, one can

28-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

28-10-2014 - NIFTY ( Futures )

                NIFTY has given a close at 8040.35. As stated yesterday, NIFTY resumed its uptrend. Long position is still on hold. The targets are

27-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

27-10-2014 - NIFTY ( Futures )

                NIFTY has given a close at7998. Today after making a high of 8061.50, it came down at 7998. Long position is still on hold. The targets are as stated in previous post, near / above all time high of 8200. One can

27-10-2014 - AMBUJACEM ( Futures )

                AMBUJACEM has closed at 221.05.This stock is running between the range of 20 to 25 rupees. Since last one week this stock is in an uptrend. Once it crosses

23-10-2014 - Happy Diwali To You All My Friends... !!!

23-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

23-10-2014 - NIFTY ( Futures )

                NIFTY has given a close at 8013.80. As suggested, rally continued and closed up with a good gap up. Long positions are gaining well, and we recommend holding. The targets are as stated in previous post, near / above all time high of 8200. One can

23-10-2014 - ZEEL ( Cash segment, short term investment basis )

                ZEEL has given a close at 339.70. On 9^th October, 2014, we have recommended to buy this stock at 326 in F &O segment. Yesterday it achieved all the targets and closed above our target. In this Diwali, we, at MTP Research, are of the opinion that ZEEL can be turned into a good

21-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

21-10-2014 - NIFTY ( Futures )

                NIFTY has given a close at 7946.40. As stated yesterday, the rally continued.  A long position is initiated for the higher targets near / above all time high of 8200. A closing basis and very small Stop Loss of 7850 will be working well for the time being. So basically we are caged between the range of 7850 and 7950. We can expect

20-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

20-10-2014 - NIFTY ( Futures )

                NIFTY has given a close at 7897.25. We had a huge gap up today, with a close of 1 % gain. This indicates a rally from the oversold zone. Even though it was weak and we were expecting further down move of another 100 / 150 points, NIFTY bounced back. A long position

19-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

19-10-2014 - NIFTY ( Futures )

                NIFTY has given a close at 7817.05. As we have mentioned earlier, we have exited the long position and bought at the money puts in small quantity. If NIFTY sustains above 7830 level as we have mentioned in our previous post, we will

19-10-2014 - DOLPHINOFF ( Cash segment, Short term investment )

                DOLPHINOFF ( Short term investment ) has given a close at 169.90. Day before yesterday, this stock has given a clear breakout. The trend in this stock suggests a sustained up trend with good levels and upper targets. This stock is offering a good short term investment for one or two months. As per our breakout trading policy, one can initiate a long position in this stock for

16-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

16-10-2014 - NIFTY ( Futures )

                NIFTY has given a close at 7778.10. As per the recommendation given in the previous post, we have exited the long positions in NIFTY. In the chart below, one can clearly see the break down in the price. The RSI indicator is also showing the weakness and unable to go above the trend line and sustain the level. So overall, the trend is not strong at this point in time and one can go short and initiate a short position in NIFTY. The down targets can be set at

16-10-2014 - JSWSTEEL ( Futures )

                JSWSTEEL has given a close at 1094.40. From the mid of September, 2014, this stock is going down. Still the trend has no sign of recovering. In fact, today this stock has given a clear break down which can be clearly seen in the chart given below. Please have a look at it. Please note that

15-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

15-10-2014 - NIFTY

                NIFTY has given a close at 7895.25. As we have stated in our previous post, we are still holding our longs in NIFTY. In intraday trade, NIFTY tanked to the next support level of 7820 on Monday, made a low of 7817 and given a smart recovery, even yesterday, NIFTY has made a low of 7845 in Intraday trade and closed above our level of 7880. Now there is a slight change in the strategy. Now

15-10-2014 - INDUSINDBK

                INDUSINDBK has given a close at 652.05. INDUSINDBK has broken out of the previous high and entered in to a new bullish zone which is unchartered territory as there is no past data to refer the resistance and targets. Since it has broken out and given a triangle breakout also, as per our breakout trading policy, one can initiate

15-10-2014 - LICHSGFIN

                LICHSGFIN has given a close at 334.85. This stock has given a clear breakout which can be seen in the chart below. These kinds of breakouts are the best opportunities to get in the stock with a Stop Loss where the indicator is

13-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

13-10-2014 - NIFTY

                NIFTY has given a close at 7911.40. As we have stated in our previous post, we are still holding our longs in NIFTY and we have successfully taken a support at 7886 on closing basis and we have closed above that today. A close above

13-10-2014 - FEDERALBNK

                FEDERALBNK has given a close at 136.50. This stock has given a clear breakout which can be seen in the chart given below. FEDERALBNK has given a good spurt with a huge 5.70 % UP bar. This clearly suggests a good buying. As this stock has given a jump, it might trade in a range for some time but

12-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

12-10-2014 - NIFTY

                NIFTY has closed at 7886.80. This close is very much near to our level of 7880. Our levels will remain the same as it was. Once it closes below 7880, all the longs created in NIFTY will be squared off and

12-10-2014 - NMDC

                NMDC closed at 152.65. NMDC has closed with 5.60 % down bar. This clearly shows the weakness prevailing in the stock. As it has fallen too much within four days, it might bounce but on rise

9-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

9-10-2014 - NIFTY

                NIFTY has closed at 7990.35. NIFTY is up by almost 100 points on closing basis. As we have stated rightly that above 7920, one can go long and it made a low of 7922 and bounced greatly. NIFTY made a high of 8008.55 and closed at 7990.35. As we have rightly mentioned yesterday, on the day of reversal, NIFTY turned up. We assume that

9-10-2014 - ZEEL

                ZEEL has closed at 326.40. ZEEL has given a good breakout. Below is the chart to understand the breakout. A dip of 5 / 10 rupees, is an opportunity to buy. This stock can be bought

8-10-2014 - A small NIFTY update

As stated in NIFTY post, we have a reversal date and if everything goes fine, we might start the journey upward. In this case, very aggressive and professional trader can initiate a long position in NIFTY above 7920, keeping a very strict Stop Loss of 7870. A close in your favor will tell you to carry your position home and this long position will be confirmed when NIFTY closes above our level of 8050 as stated in our NIFTY post

8-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

8-10-2014 - NIFTY

                NIFTY has closed at 7895.50. Please NOTE that tomorrow i.e. 9-10-2014 is very important reversal or turning date. There are fair chances of NIFTY to give a big move or start of a big move and we assume it to be

8-10-2014 - APOLLOTYRE

                APOLLOTYRE is closed at 216.15. This stock is in a good uptrend. A clear trend line breakout can be seen in a chart given below for your reference. One can initiate

7-10-2014 - Pivot trading level

Intraday Pivot trading levels are given below. Please click on " Read more " link

7-10-2014 - NIFTY

                NIFTY has closed at 7890.90. NIFTY has closed 1.20 % down. As stated earlier in our previous post, 7880 is a real strong support. And 8050 is a real strong resistance, as we can see that in our chart since last six days. So please keep these two levels in mind and trade safe. Sustained trade in any direct above / below these levels, position can be initiated. If in case NIFTY breaks and closes

7-10-2014 - SSLT

                SSLT has closed at 259.05. This stock clearly shows a break down which visible in the chart given below. Please see and note that there is no visible support in recent past of 8 months. If this stock does not bounce

6-10-2014 - Pivot trading levels

Intraday Pivot trading levels are given below. Please click on " Read more " link

6-10-2014 - NIFTY

                NIFTY has given a close at 7983.65. NIFTY has closed flat. There is not much change to the levels and strategy for trading in NIFTY. As stated earlier in our previous post, 7880 is a real strong support. And

6-10-2014 - WIPRO

                WIPRO has closed at 618.30. WIPRO closed with a good 3 % up bar. There is a chart given below to see the beautiful breakout in this stock. As we have a policy to take every chance to trade the breakout, one can initiate

5-10-2014 - 7 Samurai Principles for Successful Traders

A good read and points to keep in mind for traders.

1. Stay in the Center

This is about staying centered in body and mind. Professional traders see what they do as a business, not a fun hobby. If you want fun and excitement, go to Las Vegas. If you want to make money in the markets, get serious about it.

Nearly all the traders who were covered in Jack Schwager’s brilliant Market Wizards series mentioned the importance of remaining emotionally neutral during gains and losses. This is an essential trait that any trader must master before they can be consistently successful.

A good trader has a system which they follow. When you win, your system gets validated. When you lose money, you need to check to make sure that your system is still relevant for the market. If it is, then you must remain confident and keep to your system until it starts to bear fruit. Flip-flopping due to emotional swings is a sure path to the poor house.

Emotional control is your shield against Mr. Market’s manic-depressive mood swings.

2. Empty Sword

This principle is about learning to make the far come near. No one can make the market do anything. The market is the boss. Sure, some manipulators can drive a particular stock or commodity up or down in price, but they can only do it when the price momentum allows for it. If a stock is weak and there are few buyers, then a speculator can be the catalyst for selling pressure. But that same speculator can’t do that if the stock is shooting higher as a flood of buyers pour money into it. You can only take what the market gives.

One successful trader said that only one out of 20 of his ideas were clear winners. The secret is to cut losses quickly on losing trades to keep enough capital available for that one big success, as can be seen though George Soros’ philosophy to build long-term capital through preservation of capital and via home runs. Stanley Druckenmiller has stated that it’s not whether you are right or wrong that counts, but it’s how much you make when you are right and how much you lose when you are wrong that matters. Jesse Livermore repeatedly stressed how you need to ride winning stocks and cut losers quickly.