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Topic: Futures & Options
My System - Daily Updates {For 21st May 2010}
| From : Shekhar Verma at 08:01 PM - May 20, 2010 (21 months ago) |
Hi All,
According to behaviour of the Markets on 21st May 2010, the Calls & FollowUp from My System are as follows :-
FOR 21st MAY 2010
NIFTY : My System is SHORT from 5140 (14th May 2010). SAR for 20th May is at 5020 ........
FOR FURTHER DETAILS REGARDING NIFTY, BANKNIFTY & CNX-IT, PLEASE VISIT MY WEBSITE. YOU CAN FIND THE ADDRESS OF MY WEBSITE AT MY PROFILE, WHERE IT IS WRITTIN IN BIG-BOLD-BLUE LETTERS.
IMPORTANT :
Please read RULES TO FOLLOW, which is posted under "Categories" column of My Website. These Rules are very important for everyone before they follow My System. Please go though once & read these Rules thoroughly.
As told you earlier, I have posted the outcome from My System (from 8th January 2010 to 7th May 2010) at My Website. TOTAL PROFIT RS 4,66,700 IN JUST 04 MONTHS. Keep watching ........
I have posted several important points in various posts at "Categories" column of My Website. I would like you all to please read those at once, so that you may understand the strength & profitability of My System.
shekhar
FOR FURTHER DETAILS REGARDING NIFTY, BANKNIFTY & CNX-IT, PLEASE VISIT MY WEBSITE. YOU CAN FIND THE ADDRESS OF MY WEBSITE AT MY PROFILE, WHERE IT IS WRITTIN IN BIG-BOLD-BLUE LETTERS.
IMPORTANT :
Please read RULES TO FOLLOW, which is posted under "Categories" column of My Website. These Rules are very important for everyone before they follow My System. Please go though once & read these Rules thoroughly.
As told you earlier, I have posted the outcome from My System (from 8th January 2010 to 7th May 2010) at My Website. TOTAL PROFIT RS 4,66,700 IN JUST 04 MONTHS. Keep watching ........
I have posted several important points in various posts at "Categories" column of My Website. I would like you all to please read those at once, so that you may understand the strength & profitability of My System.
shekhar
|
From : Shekhar Verma at 09:26 PM - May 21, 2010 (21 months ago)
On Monday, we may open Gap Up with almost 20-50 points. I also hope a positive close on Monday. Lets see what happens next.
From : Shekhar Verma at 07:20 PM - May 21, 2010 (21 months ago)
Friends,
How did you like My Call for going Long around 4840-4860 Levels. Enjoyed !!!
Hope those, who are Long at morning following My Calls, have closed their Long position and they are not carrying any overnight Long Position.
As I always say, going against FIIs was usually a bad experience for retail traders and today also FIIs sold very heavily. I think more downside is left, be very cautious at higher levels.
How did you like My Call for going Long around 4840-4860 Levels. Enjoyed !!!
Hope those, who are Long at morning following My Calls, have closed their Long position and they are not carrying any overnight Long Position.
As I always say, going against FIIs was usually a bad experience for retail traders and today also FIIs sold very heavily. I think more downside is left, be very cautious at higher levels.
From : Shekhar Verma at 02:37 PM - May 21, 2010 (21 months ago)
Friends,
Just as I suggested you all, you can see that Nifty made a Low of 4840 in the Opening and did not break this Low yet. I suggested all to go Long in Nifty around 4840-4860 Level today & gave the Targets as 4870-4890-4910-4930 (Actually I mistakenly wrote 5010-5030 instead of 4910-4930), but anyways .........
Those who are Long around 4840-4860 Levels, should book half of their purchase quantity and trail rest of their positions. Do NOT carry overnight Long Position, if Nifty is closing in RED. Carry overnight Long Position ONLY if 3 conditions are met -
1) You are Long from 4840-4860 Levels
2) Nifty is closing in GREEN3) You are properly "Hedged" with some "Puts" for your Long Positions. Here "Properly" means, the equal quantity of Puts with regard to your Long Position in Futures.
Hope I am clear with my views. I won't be able to update anymore today.
Just as I suggested you all, you can see that Nifty made a Low of 4840 in the Opening and did not break this Low yet. I suggested all to go Long in Nifty around 4840-4860 Level today & gave the Targets as 4870-4890-4910-4930 (Actually I mistakenly wrote 5010-5030 instead of 4910-4930), but anyways .........
Those who are Long around 4840-4860 Levels, should book half of their purchase quantity and trail rest of their positions. Do NOT carry overnight Long Position, if Nifty is closing in RED. Carry overnight Long Position ONLY if 3 conditions are met -
1) You are Long from 4840-4860 Levels
2) Nifty is closing in GREEN3) You are properly "Hedged" with some "Puts" for your Long Positions. Here "Properly" means, the equal quantity of Puts with regard to your Long Position in Futures.
Hope I am clear with my views. I won't be able to update anymore today.
From : Shekhar Verma at 11:22 AM - May 21, 2010 (21 months ago)
Bapaiah Ji,
Thanks for complements.
Yes, Paper-Trading ANYONE'S Calls (before actually following one) is a most important point everyone must remember. You are doing perfectly right.
As far as understanding the SAR Theory, it is well known to seniors & elder traders, but I hope you cannot find "MY" Theory because I have developed it in such a manner that it never correlates with Original SAR due to many factors as well as many "Filters" which I use before giving My SAR Levels to you all. But keep trying is always good because in my earlier days, when I started to follow SAR System (Original), I myself first tried, then succeeded and then only I invented My System, which is giving more better profits to you all than the Original SAR System.
Thanks for complements.
Yes, Paper-Trading ANYONE'S Calls (before actually following one) is a most important point everyone must remember. You are doing perfectly right.
As far as understanding the SAR Theory, it is well known to seniors & elder traders, but I hope you cannot find "MY" Theory because I have developed it in such a manner that it never correlates with Original SAR due to many factors as well as many "Filters" which I use before giving My SAR Levels to you all. But keep trying is always good because in my earlier days, when I started to follow SAR System (Original), I myself first tried, then succeeded and then only I invented My System, which is giving more better profits to you all than the Original SAR System.
From : Bapaiah Chowdary Paturi at 11:06 AM - May 21, 2010 (21 months ago)
Good work sir. just paper trading and trying to understand your theory of SAR levels.
From : Shekhar Verma at 09:26 AM - May 21, 2010 (21 months ago)
FOR INTRADAY TRADERS = One can buy here (around 4840-4860) with strict StopLoss of 4820-4800. Target 4870-4890-5010-5030.
FOR MY SYSTEM FOLLOWERS = One can book profit here or Trail from here (Better would be to Trail). Market should not go below 4820-4800. If it goes, even then maximum it may drop till 4760-4780 levels & not after that. If any Follower of My System wants to go Long from here, HE MAY GO LONG AROUND THE LEVEL 4840-4860 BINDAAS WITH STRICT STOPLOSS OF 4820-4800. TARGETS ARE WRITTEN ABOVE.
If anyhow Market drops after 4760-4780 then it is really a very-very big problem for bulls, and market then may reach around 4400 levels too, which, I think is unlikely. But Market is always supreme. It never listens to anyone.
DO NOT CARRY OVERNIGHT LONGS, IF MARKET IS CLOSING IN DEEP RED. CARRY OVERNIGHT LONGS ONLY WHEN YOU ARE LONG FROM HERE & MARKET IS CLOSING IN GOOD POSITIVE (GREEN) & ESPECIALLY, DON'T FORGET TO HEDGE YOUR LONG POSITION AT THE TIME OF CLOSING OF THE MARKET. KEEP BOOKING PROFITS IN BETWEEN. I WON'T BE AVAILABLE ANYMORE TO UPDATE TODAY.
USE YOUR OWN MIND & INTUITION ALSO WHILE TRADING THE LEVELS I GIVE BECAUSE IT IS YOUR MONEY & SO, THE DECISION SHOULD BE YOURS TOO. IF ANYTIME YOU THINK THAT MY LEVELS ARE NOT GOOD, THEN DON'T TRADE BECAUSE "DO NOT FOLLOW ANYONE BLINDLY". EARLIER I LOST ALMOST EVERYTHING FOLLOWING OTHERS BLINDLY, & I DON'T WANT YOU TO REPEAT MY MISTAKE AGAIN. HOPE YOU UNDERSTAND. WHILE TRADING MY LEVELS, KEEP BOOKING PROFITS FROM TIME TO TIME, AND ANYTIME YOU THINK THAT MARKET MAY REVERSE, BOOK LITTLE LOSS IN YOUR POSITIONS BUT DON'T CARRY THE POSITION BECAUSE I SUGGESTED, DON'T FOLLOW ME BLINDLY.
FOR MY SYSTEM FOLLOWERS = One can book profit here or Trail from here (Better would be to Trail). Market should not go below 4820-4800. If it goes, even then maximum it may drop till 4760-4780 levels & not after that. If any Follower of My System wants to go Long from here, HE MAY GO LONG AROUND THE LEVEL 4840-4860 BINDAAS WITH STRICT STOPLOSS OF 4820-4800. TARGETS ARE WRITTEN ABOVE.
If anyhow Market drops after 4760-4780 then it is really a very-very big problem for bulls, and market then may reach around 4400 levels too, which, I think is unlikely. But Market is always supreme. It never listens to anyone.
DO NOT CARRY OVERNIGHT LONGS, IF MARKET IS CLOSING IN DEEP RED. CARRY OVERNIGHT LONGS ONLY WHEN YOU ARE LONG FROM HERE & MARKET IS CLOSING IN GOOD POSITIVE (GREEN) & ESPECIALLY, DON'T FORGET TO HEDGE YOUR LONG POSITION AT THE TIME OF CLOSING OF THE MARKET. KEEP BOOKING PROFITS IN BETWEEN. I WON'T BE AVAILABLE ANYMORE TO UPDATE TODAY.
USE YOUR OWN MIND & INTUITION ALSO WHILE TRADING THE LEVELS I GIVE BECAUSE IT IS YOUR MONEY & SO, THE DECISION SHOULD BE YOURS TOO. IF ANYTIME YOU THINK THAT MY LEVELS ARE NOT GOOD, THEN DON'T TRADE BECAUSE "DO NOT FOLLOW ANYONE BLINDLY". EARLIER I LOST ALMOST EVERYTHING FOLLOWING OTHERS BLINDLY, & I DON'T WANT YOU TO REPEAT MY MISTAKE AGAIN. HOPE YOU UNDERSTAND. WHILE TRADING MY LEVELS, KEEP BOOKING PROFITS FROM TIME TO TIME, AND ANYTIME YOU THINK THAT MARKET MAY REVERSE, BOOK LITTLE LOSS IN YOUR POSITIONS BUT DON'T CARRY THE POSITION BECAUSE I SUGGESTED, DON'T FOLLOW ME BLINDLY.
From : Shekhar Verma at 09:22 AM - May 21, 2010 (21 months ago)
This Message is deleted by Shekhar Verma.
From : Shekhar Verma at 08:55 AM - May 21, 2010 (21 months ago)
Bharath,
But those, who are already Short with My System, should not bother doing Paper-Trade because today I don't think the SAR will hit.
The Followers of My System are making good profits these days, in this fall.
From : Bharath R at 08:40 AM - May 21, 2010 (21 months ago)
Looks like today is a day to do paper trade rather than trading in market
From : Shekhar Verma at 08:38 AM - May 21, 2010 (21 months ago)
Friends,
As I always say, DON'T FOLLOW MY OPINIONS BUT FOLLOW MY LEVELS.
We will open Gap Down around 4840-4870, but I think Nifty may be supported around these levels also (4840-4870 Spot levels) & from this region, we may expect a bounce of 30-60 points today.
I don't think that 4840 (OR MAXIMUM 4800-4790) may (or should) break. But Market is always supreme. It does not listen to me or anybody else.
Finally, Bharath, Memon Moin Ji & Anil Yadav Ji, THANKS FOR YOUR KIND WORDS & APPRECIATION.
As I always say, DON'T FOLLOW MY OPINIONS BUT FOLLOW MY LEVELS.
We will open Gap Down around 4840-4870, but I think Nifty may be supported around these levels also (4840-4870 Spot levels) & from this region, we may expect a bounce of 30-60 points today.
I don't think that 4840 (OR MAXIMUM 4800-4790) may (or should) break. But Market is always supreme. It does not listen to me or anybody else.
Finally, Bharath, Memon Moin Ji & Anil Yadav Ji, THANKS FOR YOUR KIND WORDS & APPRECIATION.
From : Anil Yadav at 11:38 PM - May 20, 2010 (21 months ago)
gud work..... did only paper trading......will follow for next series
From : Memon Moin at 11:37 PM - May 20, 2010 (21 months ago)
we will make good profit from your system more than 200 points.keep it up.
From : Bharath R at 11:04 PM - May 20, 2010 (21 months ago)
Looks like we are going to have a blood bath tomorrow lets hope for the best
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