MARKET OUTLOOK FOR NOV 10, 2008
BY
MUSHTAQ KHAIR
 


This report contains 1) Market Levels for the day 2) Technical View on the market 3) Index Chart with labeling and 4) Free Trading tip for non-subscribers. Aimed at serving the purpose of day-traders (speculators), position traders and investors at large.

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SUPPORT TODAY'S MARKET LEVEL RESISTANCE
2 1 1 2

9570/475

 9887/630 SENSEX - 9964.29 10065/133 10288/443
2852/23 2949/2870 NSE - 2973.00 3004/3025 3073/3120
 

OVERVIEW & BRIEF TECHNICALS


Counter move interrupts reactionary down phase temporarily

We said ... since the reactionary down phase is already on, traders should ride this ongoing down leg till it reaches the Fibonacci retracement levels at least. Last Friday, SENSEX failed to trade below 9630 thereby adhering to 38.2% level, but on the contrary picked up smartly giving positive scenario for the short term.

We feel, a minor counter move has interrupted the ongoing down leg, which will soon resume to complete even by breaking below 9630. Below 9630, decline can go as down as 9321 and 8938 while, trading above 10065 will be positive for traders which may resist the market at 10133/10288 or 10443 levels.

As against, 6 days rally from 7697 to 10945, reactionary phase should consume more days (i.e. 6-12 days) in all. This reactionary phase can also be called as a sideways consolidation within a fixed range. Traders are advised to trade this range smartly and strictly following technical and not using other avenues of information.

Supports for the day are at 9887/9630/9570/9475 while, resistances on the higher side are placed at 10065/10133/10288/10443.

 

 

LONG TERM MARKET VIEW ... Authored in Sept. 2005
(Latest long term view will be updated soon)
 
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STOCK
 		 CMP SUPPORT RECOMMENDATION STOP-LOSS RESISTANCE
S2 S1 R1 R2
               
        FOR SUBSCRIBERS      
       

FOR SUBSCRIBERS
 		      
       

FOR SUBSCRIBERS
 		      
       

FOR SUBSCRIBERS
 		      
       

FOR SUBSCRIBERS
 		      
 
POSITION TRADING (F&O)
The entire table is for subscribers
 

(CALLS JAN. 2008)
SMART TRADERS DWELLING RING
RIDE THE TREND TILL THE WEIGHT OF EVIDENCE INDICATES THAT IT HAS REVERSED
(DERIVATIVES PICKS)
STOCK CALL STARTED TRAD INST TREND LONG/SHORT S/LOSS TARGET TARGET ACHIEVED ON NO OF DAYS % RETURN
T1 T2 T1 T2
                       
EXAMPLE 23/02 FUTURE UP LONG @ 2060/2066 2049 2075 2085   CLOSED
23/02		 1 DAY 12.3%
N-- 10/11                    
N-- 07/11                    
N-- 07/11                    
N-- 07/11    

THIS TABLE IS
ONLY
FOR SUBSCRIBERS

      
N-- 06/11          
N-- 05/11          
N-- 05/11          
N-- 04/11          
N-- 04/11          
N-- 23/10                    
N-- 22/10                    
N-- 21/10                    
N-- 21/10                    
N-- 20/10                    
N-- 16/10                    
N-- 15/10                    
N-- 14/10                
N-- 13/10            
 
TRACK RECORD
 
   
   

MONTHLY PERFORMANCE REPORT
(CLOSED) FUTURE CALLS
(Jan 01 – Jan 31)

CAPITAL APPRECIATION – 294.98%

Calls Out-performed the market by: 307.98%
Market Depreciated in Jan. (compared to Dec) -13%

Total number of calls issued

 22

Average (holding period)
No of days invested

 0.95

Successful calls
(86.4%)

 19

Capital Appreciation
9.04%/0.95*31 =(Average Profit/holding period*31)

 294.98%

Failed calls
(13.6%)

 3

Market Depreciated
During Jan, 2007

 -13%

Average percentage
(Profit) per call

 9.04%

Calls out-performed
The market by

 307.98%

 Calculations are based on Gross Margin.
View the "Details" of each closed call issued in “Jan” 2008”
 
 
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Feedback and comments are invited from the readers.
analyst_mhk@hotmail.com

DISCLAIMER:
Authors recommendations are solely made with the purpose to educate the market participants/traders/investors and to enable them to derive maximum benefits by acting upon them. while due care has been taken in preparing these comments, no responsibility will be assumed by the author for the consequences whatsoever, resulting out of acting on these recommendation.