Short term buy/sell date: 17 dec 2008
power finance limited
sell at 128-130 sl 132 tgt 120
(dark cloud cover)
100 dma 121(beware...good support zone)
m n m
sell at305-310 sl 318 tgt 280
30 dma 311 (bearish engulfing )
very strong res. at current levels
bUY::
Buy India bank at 121.5 sl 117.5 tgt 125-130(perfect bullish engulfing)
15 dma= 121.45, 30 dma 125.80 so remain alert
50 dma 126
alternate if it opens at arnd 126 or above then sell sl 130 tgt 121
bhel has made bullish eng. but if it goes to 1500-1550 level short it with sl 1600 tgt 1100 , can buy it tomorrow at 1375-1360 sl 1335
infosys buy at arnd 1100 sl 1080 tgt 1175(made bullish engulfing)
Hemen:
Buy Cumins at 190 (cmp 197) sl 180 tgt 214
Short Term Calls
To Buy
HPCL buy at 226-228 sl 216 tgt 250 LSP=236, 30 dma 220 and bullish engulfing
BPCL buy at 325-330 sl 312 tgt 355 360 bullish engulfing 326 is 30 DMA
IOC buy at 276-378 sl 370 tgt 390 bullish engulfing 30 dma 375
UNION bank of india(as in BSE) : buy at 143-144 sl 138 tgt 150 (more safe should not go below 140 in short term, has tested 141 several times) 30 dma 145
oriental bank of commerce: buy at 140-141 sl 136 tgt 144-146 30 dma 141.5
trent buy at 255-258 sl 249 tgt 278 (volatile)
glenmark (very volatile and risky) buy arnd 255-260 sl 241 tgt 280+
buy IOB at 66.5 to 67 sl 64(very good support) tgt 70 ( good resistance) close 68.6
ITC can give big movement (upside or downside) chances are of upside more.can go to 200 or 150 this week
vijya bank(as per BSE) buy arnd 30.4 sl 29(very good support) tgt 32 low risk bullish engulfing
To Sell
MTNL(as per BSE) sell at 76.5 sl 79 close 74.85 tgt 70 , bearish engulfing
mukta arts sell arnd 52 sl 54 tgt 45 (as per BSE) bearish engulfing
HPCL buy at 226-228 sl 216 tgt 250 LSP=236, 30 dma 220 and bullish engulfing
BPCL buy at 325-330 sl 312 tgt 355 360 bullish engulfing 326 is 30 DMA
IOC buy at 276-378 sl 370 tgt 390 bullish engulfing 30 dma 375
UNION bank of india(as in BSE) : buy at 143-144 sl 138 tgt 150 (more safe should not go below 140 in short term, has tested 141 several times) 30 dma 145
oriental bank of commerce: buy at 140-141 sl 136 tgt 144-146 30 dma 141.5
trent buy at 255-258 sl 249 tgt 278 (volatile)
glenmark (very volatile and risky) buy arnd 255-260 sl 241 tgt 280+
buy IOB at 66.5 to 67 sl 64(very good support) tgt 70 ( good resistance) close 68.6
ITC can give big movement (upside or downside) chances are of upside more.can go to 200 or 150 this week
vijya bank(as per BSE) buy arnd 30.4 sl 29(very good support) tgt 32 low risk bullish engulfing
To Sell
MTNL(as per BSE) sell at 76.5 sl 79 close 74.85 tgt 70 , bearish engulfing
mukta arts sell arnd 52 sl 54 tgt 45 (as per BSE) bearish engulfing
Effective Candlestick Pattern
Which Candle stick Pattern should I use to buy/sell
1. Bullish Engulfing: buy at mid candle range, buy with stoploss of previous day low
2. Bearish Engulfing: Sell at mid candle range, sell with stoploss of previous day high
3. Dark Cloud Cover/
4. Two Rabbits Pattern :
a. The two rabbits candlestick pattern is a bullish reversal signal. The first candlestick in the formation is a long black (red) candlestick that closes near its low. The second candle gaps away from the previous days close, but finishes near its high, which is still below the low of the first candle. The last candle opens inside the body of the second candle, but rallies to fill the gap between the first and second candle. Stoploss should be low of first candle.
5. Two Crows Pattern: The two crows candlestick pattern is a bearish reversal signal. The first candlestick in the formation is a long white (green) candlestick that closes near its high. The second candle gaps away from the previous days close, but finishes near its low, which is still above the high of the first candle. The last candle opens inside the body of the second candle, but sells off to fill the gap between the first and second candle. On quick glance the two crows pattern will resemble the dark cloud cover. Stop loss same as two rabbits.
6.
a. The three outside up pattern is a bullish reversal signal. The first candlestick in the formation is a small black (red) candlestick that closes near its low. The second candlestick completely engulfs the first candlestick and closes near its high. Most often the second candlestick will display an increase in volume, from the running of stops. The third candlestick then breaks the high of the second candlestick and closes strongly.
b. The size of the third candlestick will often provide some indication to the strength of the reversal pattern. Also, if the third candlestick is able to stay above the low of the second candlestick, it provides more support to the bullish case. Traders should wait for the high of the third candlestick in the three outside up pattern to be broken prior to initiating long positions.
c.
7. Three OutSide Down: The size of the third candlestick will often provide some indication to the strength of the reversal pattern. Also, if the third candlestick is able to stay below the high of the second candlestick, it provides more support to the bearish case. Traders should wait for the low of the third candlestick in the three outside down pattern to be broken prior to initiating short positions. Conditions same as previous one.
8. Three Inside Up: The three inside up pattern is a bullish reversal signal. The first candlestick in the formation is a long black (red) candlestick that closes near its low. The second candle gaps away from the previous days close, and closes inside the body of the first candle, creating a harmai. The third candle then exceeds the high of the first and second candle, thus creating a three inside up pattern. This pattern is quite frequent in the morning as traders react to news driven events. This setup can be extremely profitable for skilled day traders who go counter to the primary trend.
9. Three Inside Down: The three inside down pattern is a bearish reversal signal. The first candlestick in the formation is a long white (green) candlestick that closes near its high. The second candle gaps away from the previous days close, and closes inside the body of the first candle, creating a harami. The third candle then exceeds the low of the first and second candle, thus creating a three inside down pattern. This pattern is quite frequent in the morning as traders react to news driven events. This setup can be extremely profitable for skilled day traders who go counter to the primary trend.
10. Hammer and Hanging Man( Don’t see these much)
11. Shooting Star:
a. discuss is the shooting star which occurs after a strong uptrend (or the "inverted hammer" that occurs after a strong move down). The shooting star has a long upper shadow with a small real body at the lower end of the candle. This pattern usually presents itself as a sign of a short term correction rather than a more potent reversal signal. The shooting star is basically telling us that the markets rally could not be sustained. The market opened at or near its lows, shot up much higher and then reversed to close near the open.
b. Ideally, the real body of the shooting star should gap away from the previous candles' real body. While it is not necessary, it adds confirmation to the validity of the impending reversal
Find Out more from page 55 in reverse order
1. Bullish Engulfing: buy at mid candle range, buy with stoploss of previous day low
2. Bearish Engulfing: Sell at mid candle range, sell with stoploss of previous day high
3. Dark Cloud Cover/
4. Two Rabbits Pattern :
a. The two rabbits candlestick pattern is a bullish reversal signal. The first candlestick in the formation is a long black (red) candlestick that closes near its low. The second candle gaps away from the previous days close, but finishes near its high, which is still below the low of the first candle. The last candle opens inside the body of the second candle, but rallies to fill the gap between the first and second candle. Stoploss should be low of first candle.
5. Two Crows Pattern: The two crows candlestick pattern is a bearish reversal signal. The first candlestick in the formation is a long white (green) candlestick that closes near its high. The second candle gaps away from the previous days close, but finishes near its low, which is still above the high of the first candle. The last candle opens inside the body of the second candle, but sells off to fill the gap between the first and second candle. On quick glance the two crows pattern will resemble the dark cloud cover. Stop loss same as two rabbits.
6.
a. The three outside up pattern is a bullish reversal signal. The first candlestick in the formation is a small black (red) candlestick that closes near its low. The second candlestick completely engulfs the first candlestick and closes near its high. Most often the second candlestick will display an increase in volume, from the running of stops. The third candlestick then breaks the high of the second candlestick and closes strongly.
b. The size of the third candlestick will often provide some indication to the strength of the reversal pattern. Also, if the third candlestick is able to stay above the low of the second candlestick, it provides more support to the bullish case. Traders should wait for the high of the third candlestick in the three outside up pattern to be broken prior to initiating long positions.
c.
7. Three OutSide Down: The size of the third candlestick will often provide some indication to the strength of the reversal pattern. Also, if the third candlestick is able to stay below the high of the second candlestick, it provides more support to the bearish case. Traders should wait for the low of the third candlestick in the three outside down pattern to be broken prior to initiating short positions. Conditions same as previous one.
8. Three Inside Up: The three inside up pattern is a bullish reversal signal. The first candlestick in the formation is a long black (red) candlestick that closes near its low. The second candle gaps away from the previous days close, and closes inside the body of the first candle, creating a harmai. The third candle then exceeds the high of the first and second candle, thus creating a three inside up pattern. This pattern is quite frequent in the morning as traders react to news driven events. This setup can be extremely profitable for skilled day traders who go counter to the primary trend.
9. Three Inside Down: The three inside down pattern is a bearish reversal signal. The first candlestick in the formation is a long white (green) candlestick that closes near its high. The second candle gaps away from the previous days close, and closes inside the body of the first candle, creating a harami. The third candle then exceeds the low of the first and second candle, thus creating a three inside down pattern. This pattern is quite frequent in the morning as traders react to news driven events. This setup can be extremely profitable for skilled day traders who go counter to the primary trend.
10. Hammer and Hanging Man( Don’t see these much)
11. Shooting Star:
a. discuss is the shooting star which occurs after a strong uptrend (or the "inverted hammer" that occurs after a strong move down). The shooting star has a long upper shadow with a small real body at the lower end of the candle. This pattern usually presents itself as a sign of a short term correction rather than a more potent reversal signal. The shooting star is basically telling us that the markets rally could not be sustained. The market opened at or near its lows, shot up much higher and then reversed to close near the open.
b. Ideally, the real body of the shooting star should gap away from the previous candles' real body. While it is not necessary, it adds confirmation to the validity of the impending reversal
Find Out more from page 55 in reverse order
More Trafic
If it weren't for the business of affiliate marketing, did you ever think that you would be looking for more traffic? In the context of automobiles, nowadays every household seems to have at least 2 or 3 cars on the road and it sure looks like they're all on the road at the same time! Literal traffic is just plain out of control, but on the other hand as far as affiliate marketing goes that's just what we want.
It's seems that regardless of the amount of clicks we get to our sites, it's never too much. The more traffic the better! Easier said than done you say? Are you fighting to get more traffic on a steady basis? There are many methods available. We'll just mention a few to get you started.
METHODS FOR GENERATING TRAFFIC
Free traffic sites are a great source of advertising for your business. Especially if you're just starting out. Most of these sites require that you click on posted advertisements in order to earn credits towards your ad exposure. Many of these sites have large memberships which means that your business is being exposed regularly to a sizable amount of visitors on a daily basis. All for FREE!
Search Engine Optimization is yet another method that can have a tremendous impact on the growth and profitability of your business. By using keywords that you have directed the search engine to look under, you can drive tons of free traffic to your site and increase your page ranking so that your business is seen faster.
Article Marketing is quite an effective way to drive targeted visitors to your site, by providing content that one can use to either evaluate an opportunity or service' as well as assist in the profitable development of your business.
The key to using these various methods is to strategically combine your efforts so as to maximize your time and effectiveness in obtaining more free traffic for your business. However, not to be overlooked is the value of keyword research. In order for your efforts to pay off, the keywords or keyword phrases you select can determine whether you have massive traffic or no traffic at all.
Keyword research may seem time consuming and somewhat tedious; however if you carefully invest the time into meticulously selecting the best keywords for your ad campaigns, the dividends will far outweigh the time invested. It is for this reason that I mention pay-per-click advertising last. Because of the cost associated with this high powered traffic generation method, it is vital to understand the value of keyword research. If you're going to pay for the click, then you want to get the most bang for your buck. Here are a couple of recommended keyword sites that can help you get the most profit from your hard work:
Wordtracker Free Keyword Suggestion Tool
http://www.wordtracker.com
Google Adwords Keyword Tool
http://www.GoogleAdwords.com
For additional information about getting more traffic
Visit: http://www.HomeBiz-Internet.com
Your Success Is Waiting,
Fernando Morales
Get FREE training to make money online at:
http://www.PluginProfitSite.com
It's seems that regardless of the amount of clicks we get to our sites, it's never too much. The more traffic the better! Easier said than done you say? Are you fighting to get more traffic on a steady basis? There are many methods available. We'll just mention a few to get you started.
METHODS FOR GENERATING TRAFFIC
Free traffic sites are a great source of advertising for your business. Especially if you're just starting out. Most of these sites require that you click on posted advertisements in order to earn credits towards your ad exposure. Many of these sites have large memberships which means that your business is being exposed regularly to a sizable amount of visitors on a daily basis. All for FREE!
Search Engine Optimization is yet another method that can have a tremendous impact on the growth and profitability of your business. By using keywords that you have directed the search engine to look under, you can drive tons of free traffic to your site and increase your page ranking so that your business is seen faster.
Article Marketing is quite an effective way to drive targeted visitors to your site, by providing content that one can use to either evaluate an opportunity or service' as well as assist in the profitable development of your business.
The key to using these various methods is to strategically combine your efforts so as to maximize your time and effectiveness in obtaining more free traffic for your business. However, not to be overlooked is the value of keyword research. In order for your efforts to pay off, the keywords or keyword phrases you select can determine whether you have massive traffic or no traffic at all.
Keyword research may seem time consuming and somewhat tedious; however if you carefully invest the time into meticulously selecting the best keywords for your ad campaigns, the dividends will far outweigh the time invested. It is for this reason that I mention pay-per-click advertising last. Because of the cost associated with this high powered traffic generation method, it is vital to understand the value of keyword research. If you're going to pay for the click, then you want to get the most bang for your buck. Here are a couple of recommended keyword sites that can help you get the most profit from your hard work:
Wordtracker Free Keyword Suggestion Tool
http://www.wordtracker.com
Google Adwords Keyword Tool
http://www.GoogleAdwords.com
For additional information about getting more traffic
Visit: http://www.HomeBiz-Internet.com
Your Success Is Waiting,
Fernando Morales
Get FREE training to make money online at:
http://www.PluginProfitSite.com
How to trade when you don't have a clue
Wall Street made a reasonable job of reassuring investors that the economy wasn't as bad as feared last week. Blue chip companies such as Apple and American Express beat earning expectations and Google continued its meteoric rise says Betonmarket's Michael Wright.
The stock market extended its recovery last week after plunging on Friday October 19th. Wall Street had sold off for five straight sessions ending that Friday as worries about the credit market's effect on the economy escalated. Several blue chip companies offered sluggish outlooks and S&P downgraded more mortgage-backed securities. Higher energy prices and a weakening dollar are also hanging over the market. Treasury Secretary Henry Paulson said in a speech that China must allow its currency, the Yuan, to gain in value more quickly. This will help counter imbalances in the economy and make monetary policy more effective in responding to inflation.
Rumours circulated mid-week that the Federal Reserve, which is scheduled to meet next week might be lowering interest rates before then or be doing so by 50 base points again. The central bank has also been adding a substantial amount of liquidity to the financial system over the last couple of weeks.
"Once people hear about a rumor, they tend to cover their shorts. Even though it's just a rumor that's out there" said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. Short-covering is when traders undo bets that predict the market is going to fall. "There was a lot of bad news this week. It's pretty clear Wall Street wants a rate cut and wants it soon."
With the possible rate cut coming, most traders have already placed their trades to take advantage of the cut. Should the FOMC decide not to cut rates then the market might then be set up for a dramatic retreat. Most traders would unwind their trades, and others might reenter the short positions that were closed out in anticipation of the rate cut.
What does this mean for the short term outlook of the SP500?
The only think that we can possibly be confident in happening is that volatility will pick up, while we aren't sure in which direction, Betonmarkets.com allows us to take that guess out of the equation with a up or down bet.
An up or down bet compensates the trader if the index touches either a higher or the lower trigger. This type of trade is useful when you don't know in which direction the index is going to break out to, but you are confident it will break out somewhere.
An up or down with a 45 point trigger in both directions, with a 20 day term on the SP500 returns 8% ROI. This means that the S&P 500 has to rise 45 points in either direction over the next 20 days for you to win.
- THE END -
Contact Details:
Email: editor@my.regentmarkets.com
Tel: +44 1624 678 883
Url: Betonmarkets.com & Betonmarkets.co.uk
Address: Regent Markets (IOM) Limited
3rd Floor, 1-5 Church Street
Douglas, Isle of Man
IM1 2AG
Betonmarkets.com is the leading fixed-odds financial betting website. The website has processed over 10 million bets since inception in 2000, and generates annual turnover in excess of US$ 100 million. Betonmarkets offers a wide range of fixed-odds financial bets on forex rates, stock indices, and international stocks.
Betonmarkets is operated by the Regent Mark-ets Group of companies. Regent Markets is affiliated to the Regent Pacific Group, a Hong Kong-listed investment group. Regent Markets has offices in three countries, and holds bookmakers licenses in the Isle of Man, the UK, and Malta.
The stock market extended its recovery last week after plunging on Friday October 19th. Wall Street had sold off for five straight sessions ending that Friday as worries about the credit market's effect on the economy escalated. Several blue chip companies offered sluggish outlooks and S&P downgraded more mortgage-backed securities. Higher energy prices and a weakening dollar are also hanging over the market. Treasury Secretary Henry Paulson said in a speech that China must allow its currency, the Yuan, to gain in value more quickly. This will help counter imbalances in the economy and make monetary policy more effective in responding to inflation.
Rumours circulated mid-week that the Federal Reserve, which is scheduled to meet next week might be lowering interest rates before then or be doing so by 50 base points again. The central bank has also been adding a substantial amount of liquidity to the financial system over the last couple of weeks.
"Once people hear about a rumor, they tend to cover their shorts. Even though it's just a rumor that's out there" said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. Short-covering is when traders undo bets that predict the market is going to fall. "There was a lot of bad news this week. It's pretty clear Wall Street wants a rate cut and wants it soon."
With the possible rate cut coming, most traders have already placed their trades to take advantage of the cut. Should the FOMC decide not to cut rates then the market might then be set up for a dramatic retreat. Most traders would unwind their trades, and others might reenter the short positions that were closed out in anticipation of the rate cut.
What does this mean for the short term outlook of the SP500?
The only think that we can possibly be confident in happening is that volatility will pick up, while we aren't sure in which direction, Betonmarkets.com allows us to take that guess out of the equation with a up or down bet.
An up or down bet compensates the trader if the index touches either a higher or the lower trigger. This type of trade is useful when you don't know in which direction the index is going to break out to, but you are confident it will break out somewhere.
An up or down with a 45 point trigger in both directions, with a 20 day term on the SP500 returns 8% ROI. This means that the S&P 500 has to rise 45 points in either direction over the next 20 days for you to win.
- THE END -
Contact Details:
Email: editor@my.regentmarkets.com
Tel: +44 1624 678 883
Url: Betonmarkets.com & Betonmarkets.co.uk
Address: Regent Markets (IOM) Limited
3rd Floor, 1-5 Church Street
Douglas, Isle of Man
IM1 2AG
Betonmarkets.com is the leading fixed-odds financial betting website. The website has processed over 10 million bets since inception in 2000, and generates annual turnover in excess of US$ 100 million. Betonmarkets offers a wide range of fixed-odds financial bets on forex rates, stock indices, and international stocks.
Betonmarkets is operated by the Regent Mark-ets Group of companies. Regent Markets is affiliated to the Regent Pacific Group, a Hong Kong-listed investment group. Regent Markets has offices in three countries, and holds bookmakers licenses in the Isle of Man, the UK, and Malta.
How toDay Trade
If you want to get on the fast track to financial freedom, then you should learn how to day trade. Professional day traders can make hundreds or thousands of dollars a day just by spending a couple of hours in front of the computer.
The truly savvy day trader is capable of making money in both a booming economy as well as during an economic recession. Yes, even during a recession it is possible to earn healthy profits. In fact, some of the best trades don't necessarily come from investing in recession-proof stocks or finding the rare diamonds in a rough that show resilient signs of growth during economic downturns, but by executing what are known as put options against a stock that is declining in value. Yes, indeed there are millions of dollars worth of profit being made every day when stocks go down.
An investment in a training course where you learn how to day trade is worth every penny. The course literally pays for itself many times over, by virtue of the fact that you can take the knowledge that you have gained from the course and use it to start making money as a day trader.
Equally as important as getting a sound education in day trading is the need for a mentor who can guide you on the path to success. Day trading without the mentorship of someone who has blazed the trail to success before you is like learning how to swim by diving into the deep end of the swimming pool alone without a swimming instructor or lifeguard being there to help you.
A swimming instructor can teach you proper swimming techniques and survival tips. A day trading instructor / mentor serves the same purpose
The truly savvy day trader is capable of making money in both a booming economy as well as during an economic recession. Yes, even during a recession it is possible to earn healthy profits. In fact, some of the best trades don't necessarily come from investing in recession-proof stocks or finding the rare diamonds in a rough that show resilient signs of growth during economic downturns, but by executing what are known as put options against a stock that is declining in value. Yes, indeed there are millions of dollars worth of profit being made every day when stocks go down.
An investment in a training course where you learn how to day trade is worth every penny. The course literally pays for itself many times over, by virtue of the fact that you can take the knowledge that you have gained from the course and use it to start making money as a day trader.
Equally as important as getting a sound education in day trading is the need for a mentor who can guide you on the path to success. Day trading without the mentorship of someone who has blazed the trail to success before you is like learning how to swim by diving into the deep end of the swimming pool alone without a swimming instructor or lifeguard being there to help you.
A swimming instructor can teach you proper swimming techniques and survival tips. A day trading instructor / mentor serves the same purpose
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