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Tuesday, February 9, 2010

Indian Stock Market - What To Expect On 10th February?

Stocks Recap:
Aurobindo Pharma recommended above 912 made a high of 922.65 and closed at 918.45.
Cipla does my immediate target of 322.
Essar Oil as recommended, could not move higher and crashed to 138 on intraday panic.
Gitanjali Gems recommended above 115.50 zooms to 118+ level and closed at 117.45.

Stock Trading Ideas:
BRFL (CMP 215.05): The stock has cleared major resistances above 211/212 level. Its a buy recommendation for a target of 223. It is best buy around 215+212 level with a stop loss below 208.
Grasim (CMP 2678.55): The stock will face major resistances at 2695-2715 level. It is a short recommendation for target of 2650. It is best short around 2697+2712 level with a stop loss above 2725.
PNB (CMP 88.30): More details only to Intra/BTST Stock subscribers.
Patni (CMP 489.55): More details only to Intra/BTST Stock subscribers.

Note: Freezing Stock Ideas will be again back once market becomes stable. Till then stick to intraday trades.

Index Recap: In Nifty future written above 4761 it will zoom to 4801. As usual critics/jokers can check the charts, that Nifty future skyrocketted to 4801 once it cleared 4761 in the morning trades itself. Told major resistances above lies at 4801-4823 zone. Just check it touched 4818 and crashed again to lower marks to finally close at 4788. Written in Bank Nifty future major support is 8280 and hurdles above at 8360. Also writtten crossover aobe 8360 will take it to 8420/8459 in hours. Just check the swing, morning low made 8260, took support at my 8280 zone actually and zoomed to 8440 well within my target range. My subscribers literally minted money in Nifty today. Could you also earn today?? Could you catch the explosive moves or watched as usual from the sidelines??

Now, what to expect tomorrow in indices? Nifty future faces immense hurdles at 4801-4823 zone. There are two possibilities, it will cross the zone and target 4890/4935 zone. Second, it will retest 4761 on the downside. Now if cant cross the resistance zone and breaks and trades below 4761 we can see panic selling in the market. If also breaks 4736, bloodbath can be witnessed with all round selling accross the board.

Bank Nifty future is testing important resistance at 8420-8460 level. If crosses with volume then will target 8550 zone. Now crossing and sustaining above 8550 will bring it to new bull orbit with revised target of 8615-8700. But if cant cross 8460 and trades below 8360, then?? More live updates available only to the Nifty pack subscribers

Nifty future important levels for Wednesday, 10th February:
R3 4912 R2 4865 R1 4829 PP 4782 S1 4746 S2 4699 S3 4663
Bank Nifty future important levels for Wednesday, 10th February:
R3 8658 R2 8549 R1 8478 PP 8369 S1 8298 S2 8189 S3 8119

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StockManiacs Trading Kit - Mechanical Trading With Amibroker

Totally Mechanical: 100% objective trading systems – no guesswork or subjective interpretation. Based entirely on simple mathematical formulas.

Multi Commodity Systems: Trade profitably across a diverse spectrum of markets. Same rules and more or less same parameter values applied to all markets.

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Rs. 10,00,000 invested in the Nifty future in our Trading System on 1st of January 2009, value till 31st December, 2009 is Rs. 23,77,257. That means a total profit of Rs. 13,77,257 in just 1 year, and its a gain of more than 151% annualised return. Your money got more than doubled. The full backtest report is attached here. Nifty trade details from 1st January 2009 to 31st December 2009 is available here.
Rs. 10,00,000 invested in the Bank Nifty future in our Trading System on 1st of January 2009, value till 31st December, 2009 is Rs. 39,85,450. That means a total profit of Rs. 29,85,450 in just 1 year, and its a gain of more than 329% annualised return. Your money got more than trippled. The full backtest report is attached here. Bank Nifty trade details from 1st January 2009 to 31st December 2009 is attached here.

Some intraday charts of the system is attached for your kind information. To see demo online video of this system click here. To download the demo video click here.

Does This System Works On Other Stocks And Commodities?
As our system is a multi-commodity system, it will work in any stocks, future, commodities, forex where proper liquidity is there. We tested our trading system real time on Gold Future, and it has also gived excellent results. Rs. 10,00,000 invested in Gold Future on 1st November 2008, has become Rs. 15,92,985 in just 97 trades in an year. That means a total annualised risk adjusted return of 69.11%. Full one year backtest reports and all trade details of Gold are attached here. Screenshot of StockManiacs Trading System on Gold chart is attached below. Click on the image to enlarge.

We have also tested the system on intraday charts of stocks from 1st January2009 to 31st December 2009. SBI (low beta) and DLF (high beta). Both gave excellant results. Rs. 10 lacs invested on SBI has become Rs. 52,93,005. Means a profit of 438% in a year, whereas Rs. 10 lacs invested on DLF has become Rs. 2,02,75,396 (Two Crores Two Lacs Seventy Five Thousand Three Hundred & Ninety Six Only). Means a profit of 2079% in a year. One year's backtest result and trade details are attached here.

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* These are third party utilities, and we take no responsibility on smooth working of it in your system. Disclaimer: Past performance of the trading system may or may not be replicated in future.