VIEWERS CAN NOW READ MY COLUMNS ON VALUENOTES – a web portal where most of the brokers and research houses and experts post their work. Click on – http://www.valuenotes.com/author-details.php?cid=OTE3
ALSO FIND INTRADAY UPDATES ON TWITTER. DHAVAL SHAH@TRADINGWEALTH ON TWITTER.
You are receiving Free Daily Update service called Daily Wealth. It will include technical updates on SPOT NIFTY, Stocks from NIFTY 50, USD/INR, GOLD, SILVER and CRUDE.
Calls given to Subscribers would not be part of this service.
Open Calls Given Previous Day or Before
Banking stocks remained mixed
ACC and Ambuja Cements corrected 0.50% and 0.80 %
Performance Update of 24-09-2012
Intraday Calls given through Twitter and Yahoo Messenger
Fresh Recommendations for 25-09-2012
I continue to expect healthy consolidation in banking sector.
Nifty remained choppy, not moving much. Traders loose most of the money in choppy markets as it forms false patterns luring traders to participate but ends with no major move. Traders end up paying brok +/- small profit/loss. Best way to play choppy markets is to avoid them, remain sideways. I had advised that I will remain sideways until Nifty consolidates.
I will continue to remain sideways. International markets are also giving small down ticks, giving further room and time to our markets to consolidate. I will reverse the strategy only if Nifty closes above 5703 tomorow.
USDINR almost hit the target. It made a low of 53.03, target given was 53. I liquidated most of the positions. I am holding minor speculative position with stop loss of 54.5 just to ensure that I am in market if Market turns wild and breaches 53.
Gold hit the target of 31300. In international Market, Gold corrected by close to 1 %. My speculative short positions are liquidated. But, I will not add new long positions yet. In international markets, It seems that that Gold may correct some 1-3% more. Hence, I would wait for that.
Silver, too, hit the target of 62000-63000. Silver is down close to 3% in international markets. I will wait till it completes consolidation before adding fresh positions.
I will remain sideways. Will update as opportunity arises.
Please understand, Intraday movement of Indices and Stocks change frequently and with that technical updates, too. I will post intraday updates through Twitter(dhaval shah@tradingwealth) and Yahoo Messenger. Hence, willing traders and readers can send request to Yahoo ID- dcshah76 to add their Ids on Yahoo messenger or may follow me on twitter .
Disclaimer: Daily Wealth is a free daily investment newsletter published by Investment Academy. This publication does not provide individual, customized investment or trading advice. All information is based upon data whose accuracy is deemed reliable, but not guaranteed. Performance returns cited are derived from our best estimates, but hypothetical as we do not track actual prices of customer purchases and sales. Author might have open positions in the stocks and Indices recommended above.