Traders’ Carnival

Started in 2012, Traders’ Carnival is an annual event organized for the traders and by the traders, but more importantly, deep down from the heart of a few trader friends is what makes this annual event go ‘once you visit, never a miss’.

And it is this passion of these trader friends that has evolved the event over the years into more interesting ways, specially a Do It Yourself for budding traders, to come meet fellow traders all across the globe, stay with them, pick their brains, get ideas and understanding trading – from the pros and cons of a full time trading career to trading the markets not looking at the terminal but by looking at an excel sheet twice a day.

This meeting of traders, discussion of trading ideas, networking and socializing goes on till almost midnight and even later for the 2 nights the event is on. It shows the passion of the traders and the seniors and speakers there educate the newbies as well as the passion for  the master – Mr. Market.

The most important part of the event, the speakers are full time traders themselves and therefore a lot of experience and screen time, tip and tricks, market hacks etc are loaded into their presentations – something if one wants to learn hands on would take almost 2-5 years. And yes, the speakers are available at the venue full time till the event is on for any queries, follow ups etc and even later on mail etc.

There are a lot of other advantages of attending this event, and it can be seen by few participants having attended all of the events over the last 5 years which includes an international event at Bangkok, Thailand in 2016 which saw Jim Dalton giving a presentation for almost a whole day and available on demand at the venue for 2 nights, 3 days. The other venues were Bangalore 2012, Pune 2013, Goa 2014 & Mumbai 2015.

This year, Traders’ Carnival is being hosted at The Renaissance, Powai ­– 29th April to 1st May 2017. Registrations are currently live at the website www.traderscarnival.com and any queries can be directed to Dharmaraj at +91 84949 25324 or dharmarajj@gmail.com

Nifty Bandit

Ha ha …. I liked the title so put it like this. Actually many a times, Nifty does work like a bandit and take away our money, no?

Nifty is at support area now. Lets see what it does, bounce or break. If breaks, we have another band nearby only.

nifty-20161027

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only

Dr Reddy

Why I think this is a good area to short this scrip (or if you are long, a good exit).

Two charts where one shows its at a channel resistance with an inverted hammer formation and the other shows that is a breakdown retest.

Rest, markets are supreme, we cannot just tell it to do what it wants, it does what it wants.
We need to be poised at good levels for a good RR and take the profit when the markets reward us or take a hit (small, bcoz of a good RR) and bow to the markets.

Simple, though not as it sounds. Enjoy the markets. Trade Happy, Trade Safe.

Chart 1 – Channel ResistanceDrReddy EOD 20160526

Chart 2 – Breakdown RetestDrReddy EOD 20160526A

PS : Cash/Spot charts.

Ok. The Guru pointed out to me that this one has a good Monthly candle – a hammer infact and therefore – this one could go anywhere or even grind.

Attached here is the monthly chart with the hammer being formed and bouncing from the monthly 34ema as well as lots of support with the previous few long wicks.DrReddy Monthly

Arvind Ltd. – A Far Away look

Let us step back a little and have a look at this chart, and we see it without even having to look for it … a band from 294-300 over a long period of time becoming support at times and resistance at times.

Arvind, once again has approached 290 on the Hourly TF. What needs to be seen is whether its able to cross it this time or not.

Only time will tell.

Arvind FarAway 20160509

Tata Motors

Tata Motors has made a bearish Flag-Pole formation on the Hourly time-frame.

Looking at the chart, its at a very important junction as of now. Top of the Flag and retest of the horizontal breakdown point. If its unable to break 407-410 on the upside, then it can head back to 395. If it sustains, good else break of 395 can take it to T1 380 and eventually to somewhere around 350 (being a Flag-Pole conclusion – albeit with a lot of intermittent supports.

But do remember, its on a Hourly TF which can change its nature in a few hours

TaMo BearFlag 20160509

Thanks to Navdeep to bring this to my notice.

Reliance Capital – Follow-up

As per my previous post on Reliance Capital, attached is the current chart. High made is 408.xx very near to the approx target on breakout.

Further to this, if this maintains 404-401 levels, this can move all the way to 420-25 – the upper trendline.

Also please note that my posts are just for jotting down my views and for educational purposes only, not for any trade advice. Please do your own due diligence before taking a trade.RCap Diamond Update 20160509