Long story

On the Indian Stock Markets. December 10.

The point deciding the intra-day range is at 6374 and Nifty will be a bit soft and in consolidation mode if it trades below this point in the initial hour of trade, in which case the supports are at 6334, 6305 and 6265. Otherwise, the market will be bullish with resistances at 6404, 6444 and 6473. However, if the nifty trades above 6390 conclusively then the market will surge ahead up north with lot of momentum.

Intra-day traders may trade accordingly i.e. go short below 6374 and go long above 6374, with stop loss for shorts at 6390 and stop loss for longs at 6360.

Short-term traders may continue to trade on the long side with stop loss at 6300. They may also get out of ONGC around 305 levels.

Mid-term investors may consider buying Tata Motors @ 382.05 in small quantities. They may also consider selling 10% of their holdings in HCL Tech @ 1168.95 and HDFC Bank @ 735.70.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock Markets. December 9.

Before we start analyzing trades for the day, we would like you to click on this link, important information. One of the most important thing in the stock market is to understand yourself in as much as which class of trader/ investor you are; there being different sets of rules for different classes.

Now for the markets.  

The overall trend of the market continues to be bullish. The key point for the day to determine the intra-day trend is at 6255. If the benchmark index stays above this level in the initial hour of trade with volumes conclusively then the overall market will remain bullish with resistances at 6280, 6300 and 6325. Otherwise, i.e. below the 6255 mark the nifty will soften a bit and consolidate with supports at 6235, 6210 and 6190.

Intra-day-traders may trade accordingly with stop loss for longs at 6248 and stop loss for shorts at 6282. 

Short-term traders add longs with stop loss at 6240. They may consider going long in ONGC too with stop loss at 284. They may get out of ONGC when it trades around 312 levels.

Mid-term investors may consider buying Tata Motors @ 376.05 and ITC @ 304.95 and 291.95 in small quantities.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

Important explanation for traders and investors.

The followers of this blog should be clear about the terminology that we use in our posts on stock market investing and trading.

First and foremost one may note that we give advise to three different sets of people.

1. Intra-day traders.  It is understood that the intra-day trader has continuous access to the trading screen and can get in or out of a trade at any point in time between 9.15 am and 3.30 pm. It is also understood that his internet connection is very fast. This class of trader is supposed to watch the market in the initial hour of trade and make sure as to which side of the critical mark, stated in our post, the market is trading. They should accordingly trade placing strict stop losses and square off their trades as soon as they make money. There is one more thing. The traders may put stop losses and may train themselves to forget their profits or losses at the end of the day. All they should focus in is to see that they put in equal amount of money everyday. Say for example if you put 10000 rupees  on any day then you should put in no less and no more then 10000 on any other day. You have to shell exactly 10000 bucks everyday. More importantly you have to square off your trades on the same day. You are not supposed to carry your positions to the next day no matter what.

2. Short-term traders. This class of traders too are understood to have continuous access to trading screen but they may not necessarily square off their positions on the same day. The maximum period for which they should cling to their positions is from one to three days. However, they should also place strict stop losses and if they do not square off their positions on the same day then they may revise their stop loss on the next day as indicated in our post on the next day. They may also see that the total money they have put in the market should be the same everyday.

3. Mid-term investors. This class of investors are supposed to carry over their trades and portfolios for at least three days and beyond to at most three months. They are required to place their bids and offers in small quantities and in case their bids or offers do not get hit i.e are not successful i.e. the shares do not get bought or sold at the given prices, they should not revise their bids and simply forget buying or selling them. In no case should they change their bids or offers from the ones we give. They may however off sell their investments in case they get anything above what the standard bonds offer.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader

Asterix and the Picts by Jean-Yves Ferri and Didier Conrad

    Asterix and the Picts: 

by Jean-Yves Ferri and Didier Conrad

Releasing worldwide this December, the long awaited 35th Asterix album will be finally out on 17. Written by a new team: Jean-Yves Ferri (Author) , Didier Conrad (Illustrator), in this book our heros take us in an adventure to Scotland where he meets fearsome warriors called Picts or painted men. 

Diary of a Wimpy Kid: Hard Luck By Jeff Kinney

Greg Heffley's best friend Rowley Jefferson finds himself a girl friend, Abigail, leaving Greg cold and alone. With no one to scout ahead of him to check for dog poop on his way to school or to carry his bag to and from the school, Greg tries to figure out solutions which includes extreme desperate steps like befriending Fregley. Greg's four maternal aunts and maternal great grand mother add to his confusion. There is lot of adventure in the book around his great grand mother's Easter egg and her lost ring as he takes decisions based on what the magic 8 ball tells him. This book will make you laugh out loud a couple of times irrespective of your age. A must read.

In a scale of 10 we give it  9.

Valerie June - Somebody to love

Valerie June performs Somebody to love

The lyrics

Well, if you're tired

and feelin' so lonely

you wake up at night

thinking that only

if you had somebody

I'll be somebody

Somebody to love

Did they tell you, there are 

plenty of fish in the sea

but you're drowning and cold

and you're feelin' empty

Looking for somebody

I'll be somebody

Somebody to love

I'll be somebody

If you need somebody

I'll be somebody

If you need somebody

I'll be somebody 

If you need somebody

Somebody to love

Are you watching the moon risin' 

in the darkest of night

Battered and broken

'Cause you know it ain't right

'Cause you ain't got nobody

You ain't got nobody

you ain't got nobody

And I'll be somebody

I'll be somebody

Somebody to Love

I'll be somebody 

If you need somebody

I'll be somebody 

if you need somebody

I'll be somebody 

You can call on me

I'll be somebody 

You can count on me

I'll be somebody 

Somebody to love