Trend of nifty for Next week 25-30

Last week Nifty trade as per our range 5460-5321 make low of 5353 and high of 5474 .

Now what to do for next week???????
there will be some big event in next week like....RBI policy on Tuesday, Result of LNT and Big boss RIL , also monsoon data will be reviled.
And 1 of the most event which affect a lot on movement of Nifty will be expiry.
So nifty will show range bound movement with very high volatility.
Range of nifty for Next week will be....5510--5395
Levels :-- Trigger level 5420 R1/R2 5499-5550 S1/S2 5374-5303

Expiry bet:-- Expiry will be b/w 5400-5500
so any one want to play for expiry for safe gain then
Sell 5400 PE @ Rs 25

Short term Idea:--

Buy Ster 174 Tgt 185-89 Sl 167

Buy Tata steel 530 Tgt 563-572 Sl 510

Buy Hcl tech 372 Tgt 390-402 Sl 365

Buy sail 207 Tgt 213-216 Sl 201

Please share your comments on what you think of market observations, market and trading in general

Regards
Devang

A Million Dollar Lesson

A cab driver taught me a million dollar lesson in customer satisfaction and expectation. Motivational speakers charge thousands of dollars to impart his kind of training to corporate executives and staff. It cost me a $12 taxi ride. I had flown into Dallas for the sole purpose of calling on a client. Time was of the essence and my plan included a quick turnaround trip from and back to the airport. A spotless cab pulled up. The driver rushed to open the passenger door for me and made sure I was comfortably seated before he closed the door. As he got in the driver's seat, he mentioned that the neatly folded Wall Street Journal next to me for my use. He then showed me several tapes and asked me what type of music I would enjoy. Well! I looked around for a "Candid Camera!" Wouldn't you? I could not believe the service I was receiving! I took the opportunity to say, "Obviously you take great pride in your work. You must have a story to tell." "You bet," he replied, "I used to be in Corporate America. But I got tired of thinking my best would never be good enough. I decided to find my niche in life where I could feel proud of being the best I could be. I knew I would never be a rocket scientist, but I love driving cars, being of service and feeling like I have done a full day's work and done it well. I evaluate my personal assets and... wham! I became a cab driver. One thing I know for sure, to be good in my business I could simply just meet the expectations of my passengers. But, to be GREAT in my business, I have to EXCEED the customer's expectations! I like both the sound and the return of being 'great' better than just getting by on 'average'" Did I tip him big time? You bet! Corporate America's loss is the traveling folk's friend!

Lessons: Go an Extra Mile when providing any Service to others. The is no good or bad job. You can make any job good. Good service always brings good return.

Nifty moving as per our Channel

Nifty is going as per our expected channel given on monday. Nifty have upper resistance of 5470and support 5360.
If Nifty will able to close above upper band then very big move will be expected.
Today it gave good big move after consolidation of 6 days.
so be long with stop loss of 5360.
It it break upper channel and close above it then tgt will be around 5611

your views are invited

Devang

Trend of Nifty for Nextweek Trend of the Nifty may be range bound in this week.
Nifty may trade b/w 5458 -5321.Trend only will be set when it break any of trend line
All over trend is upward so there may be chances for upper side.
And if it close above 5458 in Weekly basis then it will show 5611 in next 2-3 week.

yours view are invited.......

Devang
.

S&P CNX Nifty futures to be traded on CME from July 19


In March 2010, NSE and CME had announced cross-listing arrangements including license agreements covering benchmark indexes for U.S. and Indian equities
National Stock Exchange of India Limited to inform about the commencement of trading of S&P CNX Nifty Futures on Chicago Mercantile Exchange (CME) from July 19, 2010.
In March 2010, NSE and CME had announced cross-listing arrangements including license agreements covering benchmark indexes for U.S. and Indian equities. Under the cross-listing arrangements, the S&P CNX Nifty Index (Nifty 50), the leading Indian benchmark index accounting for 22 sectors of the Indian economy, has been made available to CME for the creation and listing of U.S. dollar denominated futures contracts for trading on CME. The license to the Nifty 50 from NSE’s affiliate India Index Services & Products Ltd. (IISL) which is exclusive to CME group within the Americas and Europe, is in addition to the existing licensing arrangement between Singapore Exchange Limited (SGX) and IISL.
From July 19, 2010, CME will be introducing two new contracts designed to access India’s market opportunities viz. E-mini and E-micro S&P CNX Nifty (Nifty 50) futures.
The contract size of e mini contracts will be 10$ into the value of the Nifty index on that day and the e micro contracts will be 2 $ into the value of the Nifty index on NSE on that day.
These contracts will be traded on the CME Globex platform, providing access to participants around the world. Investors can trade for nearly 23 hours on CME Globex. These hours include the market hours in India (except the last one hour before the Indian market opens). These two new contracts are intended to give investors a more efficient means to gain exposure to India-related asset classes.
They can also trade the contracts to hedge their risks from existing exposure to the Indian stock market
Further, CME and SGX are extending their existing mutual offset arrangement to include the S&P CNX Nifty futures contract whereby investors can initiate a position at CME or SGX and offset it at the other exchange.
MD & CEO, NSE, Ravi Narain says “The introduction of these two new contracts will make the Nifty 50 available to a much larger community of traders and investors across various exchanges and time zones. This will also go a long way in realizing our vision of making Indian financial products available globally”

The Value of Time

A man came home from work late, tired and irritated, to find his 5-year old son waiting for him at the door.
"Daddy, may I ask you a question?"
"Yes sure, what is it?" replied the man
"Daddy, how much do you make an hour?"
"That's none of your business, why do you ask such a thing?" the man said angrily.
"I just want to know, please tell me, how much do you make an hour?" pleaded the little boy.
"If you must know, I make Rs.100 an hour"
"Oh," the little boy replied, with his head down, looking up, he said,
"Dad, may I please borrow Rs.50?"

The father was furious, "If the only reason you asked that is so you can borrow some money to buy a silly toy or some other nonsense, then you march yours
lf straight to your room and go to bed, think about why you are being so selfish."
"I work long hard hours everyday and don't have time for such childish behavior."
The little boy quietly went to his room and shut the door. The man sat down and started to get even angrier about the little boy's questions.
How dare he ask such questions only to get some money?
After about an hour or so, he had calmed down, and started to think, he may have been a little hard on his son.
Maybe there was something he really needed to buy with that Rs.50 and he really didn't ask for money very often.
The man went to the door of the little boy's room and opened the door.
"Are you asleep, son?" he asked.
"No daddy, I'm awake," replied the boy.
"I've been thinking, maybe I was too hard on you earlier," said the man.
"It's been a long day and I took out my aggravation on you. Here's the Rs.50 you asked for."
The little boy sat straight up, smiling. "Oh, thank you daddy!" he yelled.
Then, reaching under his pillow he pulled out some crumpled up bills.
The man, seeing that the boy already had money, started to get angry again.
The little boy slowly counted out his money, and then looked up at his father.
"Why do you want more money if you already have some?" the father grumbled.
"Because I didn't have enough, but now I do," the little boy replied.
"Daddy, I have Rs.100 now, can I buy an hour of your time? Please come home early tomorrow, I would like to have dinner with you."

MORAL:We should not let time slip through our fingers without having spent some time with those who really matter to us, those close to our hearts. Because, spending more time together is what relationship is all about.

Why trade in Nifty (www.myniftycalls.com)

Why Nifty

If you really want to earn money in the stock market, then don't deal in stocks - trade the nifty.
For all the technical analysis I do, I rarely trade in stocks...I trade the nifty.
Years of trading experience has taught me one simple thing...it is far easier to take a directional call on the broader market than individual stocks. If the economy is doing well, the market (nifty) will anyway do well (and vice versa).
Stock movements tend to cyclical, news driven or rangebound for considerable periods of time. Not only do you have to identify the sector correctly, you should also be able to pick the right stock. And then there is this possibility - everything else rallies except what you have bought.
From a fundamental perspective, this means you don't have to worry about crude oil, interest rates, FII inflows (or outflows), quarterly results, sectors, analysts talk and whatever you can think of.
Some advantages of trading the nifty:

• Index is the barometer of the stock market. If the market does well, Nifty will anyway rise (and vice versa)
• All FIIs and Mutual funds have an exposure on index and index stocks
• All good and bad news is reflected in index (nifty)
• You can play both sides of the market and profit from rallies as well as corrections
• You can daytrade in nifty (not recommended) or carry forward positions till expiry
• Low brokerage / nil demat costs
• Excellent liquidity: The daily turnover of nifty futures and options is 2-3 times that of ALL stocks traded on BSE.
• Low volatility: no wild swings. Because the nifty index is made of 50 stocks, it is always less volatile than the individual stocks. Check latest volatility statistics.

Low investment: as nifty is least volatile, NSE margins are lowest. This reduces investment amount substantially