Association of Technical Market Analysts - Forum

Subject: Parabolic or Blow off top in Indian Crude oil or Buy Copper - sell crude - by: Nishant Bali

Wed, 19 Jun 2013 12:17:17 +0530

Dear All, Please find the attached report on the Indian Crude oil. We assume a MINIMUM correction of 110-130 odd points. And we have made a pair trade. (Buy Copper and Sell crude) http://www.atma-india.net/images/fbfiles/files/Crude_parabolic.pdf

Subject: Re:Multiple Pattern Cluster In MCX Crude Oil Futures Continuous Contract - by: Nikhil Dogra

Wed, 19 Jun 2013 09:24:21 +0530

The Low of the "Head" in the Inverse Head &Shoulder pattern was not disturbed when it corrected in early April. I have applied 3rd Standard Deviation of Yearly Mean on my chart and these deviations are the places where i like to scale out of positions. I am not adding to existing positions anymore , although as a day trader its fair to add extra positions for intra day but not for carrying overnight. As a position trader these prices are in the region where i would like to be a contrarian BUT not necessarily Short!! One just doesn't know where the trend ends until after the fact. On WTI $108-110 "seems" to be pending according to many "experienced analysts" Bottomline - I am looking for other commodity markets to invest now as i am sure today or tomorrow i will have a very small position in Crude Oil JUST in case "experienced analysts" are right [IMG]http://i43.tinypic.com/r9l9cn.png[/IMG]

Subject: Re:Pair trade :- Buy TISCO & Sell TATA MOTORS - by: Nikhil Dogra

Tue, 18 Jun 2013 17:29:20 +0530

I have plotted the spread between July Lead & June Zinc, if i were to trade the spread i would prefer to trade it as if its price action itself & i used to have an excel just like you have posted and i misplaced it and thank you for the excel download link. I also prefer contracts with same expiry months although i will research about usefulness of different expiry months and study its impact on the bottomline. [IMG]http://i44.tinypic.com/2jbwcwz.png[/IMG] Based on the spread chart if i were to trade it, i would have been having this position --> Zinc June Long & Short July Lead when the signal was given i.e. Spread close < Supertrend [in this example]

Subject: Re:Pair trade :- Buy TISCO & Sell TATA MOTORS - by: Sumeet Jain

Tue, 18 Jun 2013 11:33:34 +0530

Manish Dewan wrote: Just wondering.... apart from applying technical analysis techniques on a pair trade.... are their any statistical methods which support such a trade and TA study? Regards About 2-3 years i used to trade the Lead-Zinc pair very actively. I used to employ statistical methods only for those trades. Havent looked into it much after that. Attached are two files, you can go through. http://www.atma-india.net/images/fbfiles/files/Spread_Analysis___Lead__Zinc.xls http://www.atma-india.net/images/fbfiles/files/Spread_strategies.doc

Subject: Trading strategy before the Fed meeting!!!! - by: Nishant Bali

Mon, 17 Jun 2013 17:58:05 +0530

Dear All, As we all know that major players are waiting for an upcoming and the most crucial event i.e. FOMC meeting. Hence, the logic is clear wait till the sky gets clear and than we will build our trading strategies!! Sounds Good?? No Today we will dare to think out of the box and will build our trading strategy before the meeting !! Below are the few trading strategies that mighty give us handsome return before the crowd gets in. The same concept report i have published on May 22,2013 on the MTA site and we made an handsome returns post the meeting. All suggestions are welcome!! Regards http://www.atma-india.net/images/fbfiles/files/event.pdf

Subject: Re:Pair trade :- Buy TISCO & Sell TATA MOTORS - by: Nikhil Dogra

Sat, 15 Jun 2013 16:30:54 +0530

Manish Dewan wrote: Just wondering.... apart from applying technical analysis techniques on a pair trade.... are their any statistical methods which support such a trade and TA study? Regards I calculate like [Long - Short] on Commodities which is plotted via Line chart. I apply my trading tools and trade and honestly speaking I just know as long as the "line" goes up my spread position will make money. I created a custom index comprising of SBIN/Tata Steel/INFY & REL [Adding all of them] and i go long or short all of them based on custom spread. The trades i have entered until now are only 3 in number and 2 were winning while 1 was loosing , clearly the number of measured trades is very less and we need minimum of 25 trades to get a basic idea about their statistical profile while 100 trades would be ideal i reckon. So i need to make 97 trades more based on them to get a proper statistical profile, judging by the time taken for these 3 trades i feel i will get that data by 2020 :-D i do not believe in back testing, i prefer to experiment live with 1 Lots [IMG]http://i41.tinypic.com/juabm9.png[/IMG] Based on the custom spread of the above mentioned 4 scrips i will be short all of them from late February and rolling contracts as and when they expire. The usefulness i found of this technique is that we can make money as long as the winning scrip falls more than the loosing scrip rises. Usually 2 winnings shorts were bigger than 2 loosing shorts. I am waiting for a day when Long Term Equity Anticipation Security [LEAPS] Options are available in our Bharat mahan! Cost of trading will diminish significantly for me.

Subject: Re:Implied Volatility for Options on NSE - by: Nikhil Dogra

Sat, 15 Jun 2013 16:08:36 +0530

Usually it is provided in charting real time feeds, i am not sure which one you have subscribed to , i use marketview tickerplant and i get it via the software. I rarely trade options so i generally do not see IVs but my data provider does provide them.

Subject: Re:Implied Volatility for Options on NSE - by: Manish Sarraf

Sat, 15 Jun 2013 07:21:25 +0530

The above link refers to current contract in Nifty Option Chain. Kindly provide link to get the Implied Volatility for Options.

Subject: That's why I am bullish on Emerging markets!!! - by: Nishant Bali

Thu, 13 Jun 2013 16:05:48 +0530

Below chart witnessed the ratio chart of $SPX:$MSEMF (emerging market). As seen ratio has moved swiftly and pierced all its crucial trend line resistance levels but currently there are some technical sign which are showing weakness. As seen ADX has touched its crucial weekly resistance of 40 levels and +DI has also trading near crucial resistance. RSI too touched its previous stiff resistance level. We assume ADX might shown some sideways or downside move, that is the reason why we have used momentum oscillators. For the coming sessions we assume ratio might fall till 1.60 levels.It means S&P might not perform well compared to emerging markets. Hence we advice to go long on Emerging markets and Sell S&P. http://webmail.atma-india.net/images/fbfiles/images/emr.png

Subject: Re:Pair trade :- Buy TISCO & Sell TATA MOTORS - by: Nishant Bali

Thu, 13 Jun 2013 15:47:05 +0530

Yes there are few other statistical methods but I use mean -standard deviation method, where I have build my own excel model but its difficult to do cross arbitrage on that. Regards

Subject: Re:Pair trade :- Buy TISCO & Sell TATA MOTORS - by: Manish Dewan

Thu, 13 Jun 2013 13:06:12 +0530

Just wondering.... apart from applying technical analysis techniques on a pair trade.... are their any statistical methods which support such a trade and TA study? Regards

Subject: Pair trade :- Buy TISCO & Sell TATA MOTORS - by: Nishant Bali

Wed, 12 Jun 2013 18:21:51 +0530

Dear All, Please find the attached report on Pair trade :- Tisco and Tata motors Regards Nishant Bali http://www.atma-india.net/images/fbfiles/files/pt.pdf

Subject: Re:USD INR report - by: Brijesh A Soni

Tue, 11 Jun 2013 14:12:58 +0530

I got same target form the triangle breakout on weekly basis. http://www.atma-india.net/images/fbfiles/files/USDINR_TRADE_VIEW.pdf

Subject: USD INR report - by: Nishant Bali

Tue, 11 Jun 2013 12:17:06 +0530

Dear All, Please find the attached report on USD INR http://www.atma-india.net/images/fbfiles/files/usd_inr.pdf

Subject: Re:Crude @ 6240 levels !! That is what EW indcating - by: Nikhil Dogra

Mon, 10 Jun 2013 21:45:42 +0530

I am not convinced yet that we will breach INR 6000/barrel yet considering the Monthly ADX is very low and moreover the the price is 2 standard deviations above the yearly mean and for a trader like me this is the region to scale out existing positions , rather than adding to them! Above 5770 i may be convinced that yes higher levels are possible but based on CFTC COT report of last week i have to say managed money/hedge funds are infact reducing their bets rather than adding to them. This week's report might provide some clues but i have to say that considering the big picture chances for it to crack are more high. ADX at low levels usually indicates a start of a good move sooner than later so i would be neutral now with tight trails on old positions rather than worrying about fresh positions initial stop losses [IMG]http://i41.tinypic.com/4uc2ud.jpg[/IMG]

Subject: Crude @ 6240 levels !! That is what EW indcating - by: Nishant Bali

Mon, 10 Jun 2013 13:53:26 +0530

Dear All, Please find the attached Image of Indian Crude oil price ( MCX). According to the EW counts and ratio principle, we assume Crude might touch 6240 levels. Regards Nishant Bali http://www.atma-india.net/images/fbfiles/images/MCX_CRUDEOIL_19JUN2013_Weekly_AllData.png

Subject: Re: Point and Figure Relative Strength Chart Analysis - by: Mayur Sampat

Sat, 08 Jun 2013 00:24:20 +0530

Dear Could you please let me know which trading software we can use for point and figure charting

Subject: Re:P&F Method: A Gift to Technicians - by: Prashant Shah

Fri, 07 Jun 2013 23:50:27 +0530

Hi, Deciding Box value is like selecting parameters for indicator. Nothing is perfect and everything can be traded. Lot depends on user’s trading methods and time frame. P&F gives us opportunity to plot prices in various degrees. Column change and pattern signals in higher and lower box value trends provide important information.

Subject: Re: Point and Figure Relative Strength Chart Analysis - by: Prashant Shah

Fri, 07 Jun 2013 23:49:32 +0530

Subject: Re:Double Bottom In Copper - by: Nikhil Dogra

Wed, 05 Jun 2013 21:09:05 +0530

Today copper is near resistance 1. :)

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Nikhil Dogra

Wed, 05 Jun 2013 15:10:28 +0530

Kapil Tandon wrote: Market seems to turning and for the first time since more than a year and 5 months i am getting inclined to hop on to the bear camp. A review in my bullish view seems to be in order now,i would to be sure, like to see Monday's price action before i post further analysis. If, indeed, this bull turns around, vicious cuts would be visible in coming 3-4 months. Kapil Tandon I have to agree with you on that. Here is a weekly chart of Nifty futures continuous contract [IMG]http://i40.tinypic.com/2zdppc5.png[/IMG] My basic assessment of markets right now is that we may not be in a bull market but we most certainly are not in a bear market as well. Broadly speaking its in a wide sideways volatility range of 6290.05 - 5803.80 which is my neutral zone currently. Above 6291 --> Bull Market Below 5803 --> Bear Market. In between 6291-5803 --> Neutral Market On Chart i have drawn horizontal lines depicting 1 year mean and standard deviations, normally prices move to and fro between standard deviation 2. Nifty Future may be headed toward 4730 IF & the IF is BIG :P weekly charts fails near 1 year mean which is 5500ish Stochastic Oscillator is oversold as well so any fresh Investment is currently out of the picture for me.

Subject: Re:P&F Method: A Gift to Technicians - by: bharat jhunjhunwala

Mon, 03 Jun 2013 20:18:27 +0530

hello. what should be the grid size for pnf charts for analysing nifty and bank nifty. i have seen a grid size of 40 works well for bank nifty. any suggestion sir? also seen sir that 15 and 25 box size is good for nifty. your valuable comments awaited sir

Subject: Re: Point and Figure Relative Strength Chart Analysis - by: bharat jhunjhunwala

Mon, 03 Jun 2013 20:15:21 +0530

hello. what should be the grid size for pnf charts for analysing nifty and bank nifty. i have seen a grid size of 40 works well for bank nifty. any suggestion sir?

Subject: DJIA Elliott wave - by: Nishant Bali

Mon, 03 Jun 2013 12:39:42 +0530

Currently DJIA is in the 5th motive ( Primary ) wave and forming an Extension wave within that. Major waves have followed the Elliott principle. Where 3rd Actionary wave is 2.618 of wave 1st and 5th wave might travel till 16350-16550 levels i.e. 1.618 of wave 3rd (till September 2013) . Post that we assume market might form corrective A-B-C waves. http://www.atma-india.net/images/fbfiles/images/DJ_Industria.JPEG

Subject: couldn't able to attached the pdf - by: Nishant Bali

Mon, 03 Jun 2013 11:23:42 +0530

Hi I dont know why my pdf is not getting attached , i have tried a lot.

Subject: End is not too far - by: Nishant Bali

Mon, 03 Jun 2013 11:15:41 +0530

Hey all, Kindly find the attached report. I have worked on several sentiment and Intermarket tools and came with a conclusion that US might soon enter in a contractionary stage. Feel free to discuss and post your opinions. Regards, Nishant Bali Senior Technical Strategist Adriot tradelink pvt ltd.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Kapil Tandon

Sat, 01 Jun 2013 19:28:55 +0530

Market seems to turning and for the first time since more than a year and 5 months i am getting inclined to hop on to the bear camp. A review in my bullish view seems to be in order now,i would to be sure, like to see Monday's price action before i post further analysis. If, indeed, this bull turns around, vicious cuts would be visible in coming 3-4 months. Kapil Tandon

Subject: Double Bottom In Copper - by: Nikhil Dogra

Tue, 28 May 2013 22:16:10 +0530

Copper's big picture suggests that it has been trading sideways since 2010 till date but the overall trend remains up and this month prices reversed from the monthly regression trend channel. I have marked the support and resistance levels on monthly charts i.e. 424.4 & 455.3 are supply zones while 375.5 & 354.6 are demand zones. On Daily charts prices formed a double bottom and it has achieved its pattern objective of 412 & prices have retraced 61.8% of the fall and it is currently hovering around the 50% retrenchment area. Monthly Resistance of 424.4 is co-incidentally 200 day moving average of this commodity. [IMG]http://i42.tinypic.com/bdpgk1.png[/IMG]

Subject: positive reversal(grasim) - by: Nishant Bali

Wed, 22 May 2013 23:35:30 +0530

Hello Please find the attached file. http://69-195-98-168.bluehost.com/images/fbfiles/files/grasim.pdf

Subject: Re: Positive Reversal (Grasim) - by: Sanjay Thakker

Wed, 22 May 2013 21:46:57 +0530

No attachment

Subject: Re: Diveregence between CNX Nifty and Hang seng - by: Sanjay Thakker

Wed, 22 May 2013 21:46:16 +0530

No attachment

Subject: Positive Reversal (Grasim) - by: Nishant Bali

Tue, 21 May 2013 13:44:27 +0530

Dear All, As seen from the chart , prices have formed the Positive reversal where price makes higher lows and RSI makes lower lows. The same picture we have witnessed earlier also ( box). Coming to the calculation: Y +( X-Y)= 3410 + ( 2715-2246)= 3879 Tgt.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Kapil Tandon

Mon, 20 May 2013 22:18:35 +0530

No change in my analysis or view given 12 months back in this forum at www.atma-india.net/component/option,com_...mit,6/limitstart,54/ and repeated several times there after. Analysis and targets remain as given below on the post made several months back on this atma forum. Two of the targets have since been met, heading for the rest. Trailing stop loss is now 5976 on all longs. http://www.atma-india.net/component/option,com_kunena/Itemid,10/catid,19/func,view/id,435/limit,6/limitstart,54/ At no point in this current rally has weekly regression trend channel broken and its carrying on within it in a beautiful by the book manner. Kapil Tandon.

Subject: Diveregence between CNX Nifty and Hang seng - by: Nishant Bali

Mon, 20 May 2013 14:59:37 +0530

Dear All Kindly find the attached Image.

Subject: Diveregence between CNX Nifty and Hang seng - by: Nishant Bali

Mon, 20 May 2013 14:58:13 +0530

Dear All, Kindly, find the attached report on Nifty.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Riddhi Sheth

Mon, 20 May 2013 10:47:12 +0530

Time to update the thread ????? Feel so as mkt was listening the conversation and reacted opposite :) !!! Since now nifty away only few inches to all time high, and which has never been the view or forecast of any there are lot of confusion in the chart. Request all the seniors to throw the light on the chart and help out for perfect counts in EW and other technical details

Subject: Re:BHEL is in Downtrend but a reversal soon - by: Manish Sarraf

Mon, 20 May 2013 09:09:37 +0530

Finally BHEL is talk of the street and my daily charts shows upside to 218--220 where it can find hurdle. Long term looks good for upside to 260+ keeping stop loss at 188.

Subject: Nifty 120 mins EW - by: Nishant Bali

Sat, 18 May 2013 12:39:53 +0530

Dear All, Kindly find the attached report on Nifty http://www.atma-india.net/images/fbfiles/files/Nifty_EW.pdf

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Sat, 18 May 2013 12:36:08 +0530

Spot Nifty has hit 6140 to 6160 , This rally may move towards 6213 , once a close above 6213 will take nifty to 6310. Some times corrections are sharp If wave 2 is simple corrective, then wave 4 can be sharp, In this case the fall from 6111 to 5477 (wave a 6111 to 5663, wave b 5663 to 5971 and wave c is 5971 to 5477 ) was a ZigZag sharp fall .( in this Zig Zag wave c was 161.8 % of wave b ) Best Regards Goutham Chand CMT

Subject: Re: Nifty 120 mins EW - by: Rupesh Solanki

Fri, 17 May 2013 19:20:38 +0530

NO attachments NISHANT

Subject: Re:Crude EW 120 mins chart - by: Manish Dewan

Fri, 17 May 2013 15:39:46 +0530

you may want to have another look at your wave count. Their might be some inaccuracies. Regards

Subject: Nifty 120 mins EW - by: Nishant Bali

Fri, 17 May 2013 13:57:51 +0530

Dear All, Kindly find the attached report on Nifty :)

Subject: Re:Silver- Crude Pair Trade - by: Nishant Bali

Fri, 17 May 2013 11:06:58 +0530

Hi Nikhil, I think you didn't read my post carefully. I have also written the same thing i.e. (looking at the RSI behavior, we assume ratio has entered in a Bearish territory). But this strategy is actually for the scalpers. Interestingly, the spread chart that you have posted is also indicating the same thing. If you look at the MACD histogram which witnessing a good positive divergence and spread is also trading near its crucial support of 37800 levels. What more Scalpers wants ?? Well for a longer term I do agree with your view i.e Sell silver and buy crude. Regards Nishant Bali

Subject: Re:Silver- Crude Pair Trade - by: Nikhil Dogra

Thu, 16 May 2013 22:08:09 +0530

Here is the spread chart of MCX Silver & MCX Crude Oil Continuous contracts :- http://tinypic.com/r/332qwpt/5 The spread has broken out a multi-year range bound condition and chances are it will continue to trend lower i.e. Short Silver & Long Crude Oil. As a trader i don't like to cherry pick extremes, chances are the spread might rebound here but i don't see any reason to reverse at this instant by becoming Long Silver and Short Crude Oil w.r.t investments.

Subject: Re:Is August- September 2013 Indicating an Early contraction stage ?? - by: Nikhil Dogra

Thu, 16 May 2013 21:39:50 +0530

You have made some very interesting observations.

Subject: Is August- September 2013 Indicating an Early contraction stage ?? - by: Nishant Bali

Thu, 16 May 2013 12:59:35 +0530

Dear All, Please find the attached report on "Is August- September 2013 Indicating an Early contraction stage ??" Regards Nishant Bali Senior Technical Strategist Monarch Projects http://www.atma-india.net/images/fbfiles/files/Contraction.pdf

Subject: Silver- Crude Pair Trade - by: Nishant Bali

Thu, 16 May 2013 12:42:08 +0530

Below chart depicts the Silver /Crude relationship. As witnessed ratio is forming the Falling wedge price pattern , which is backed by the double positive divergence in the Rate of Change ( ROC) momentum oscillator. But looking at the RSI behavior, we assume prices has entered in a Bearish territory , means upside ts resistance locked near 45-50 levels and below support has shifted to 20-25 levels. Hence we assume , for a perfect mean reversion scenario the ratio has to shift its base from 20-25 to 35-40 levels. Currently, ratio is trading near its support at support levels , hence one can Buy Silver and Sell WTI crude. The target would be based on RSI levels i.e near 50 . Interestingly, the correlation between the pair is -.90 which means for the coming trading sessions we assume both Silver and Crude prices would rise together, where Silver might perform better than WTI crude price. http://www.atma-india.net/images/fbfiles/images/pAIR_TRADE.png

Subject: Crude EW 120 mins chart - by: Nishant Bali

Thu, 16 May 2013 12:39:21 +0530

Below chart depicts the Crude Intermediate EW . Major counts target touched as per the wave principles. We assume Price might complete its 3rd actionary wave near 5330 or 5620 i.e length of wave 1 * 1 , add in wave 2 = 3rd wave or wave 1 * 1.618 = 5620. http://www.atma-india.net/images/fbfiles/images/MCX_CRUDEOIL_20MAY2013_2Hour11_3Month.png Regards Nishant Bali Senior Technical Strategist Monarch Projects

Subject: Re:Good AFL (Tested) - by: Mayur Sampat

Tue, 14 May 2013 21:37:23 +0530

It would be good if basic understanding of AFL is given and how to use the same for the benefit of all new people. Thanks regards Mayur

Subject: Re:E-Library - by: Mahesh M Nair

Tue, 14 May 2013 13:42:53 +0530

Sir, I suggest to add the book named "Trading Systems and Methods(5th Edition)" by Perry J. Kaufman to the Library I am posting a link for further info about the book. Please have a look at it. http://www.amazon.com/Trading-Systems-Methods-Website-Wiley/dp/1118043561

Subject: Re:CMT level-2 - by: Akash Bhatia

Sun, 12 May 2013 11:47:03 +0530

One Day CMT will become mandatory to be a part of technical analysis... This dream was seen by Mr.Sushil Kedia at the 6th october event at BSE...

Subject: Re:CMT level-2 - by: Srikanth Rayipati

Wed, 08 May 2013 22:09:54 +0530

Cmt teaches one the rules of the game . By no means knowing the rules of the game make you a strong player(for which you need direct market trading experience).Cmt doesnt guarantee you a job but yes it certainly adds to your resume .It certainly helps those guys who are already in the industry and have been humbled by the market moves. The hr's of the the so called financial industry in india hardly have heard of CMT.That shows how ignorant they are .Only a few domesti companies to my knowledge recognise the CMT but there are a plethora of mnc's that recognise CMT but mostly if you get placed on campus. if u r a cmt and a trader u can help urself creating a trade environment for urself Regards Srikanth

Subject: Re:CMT level-2 - by: Bhavesh Chedda

Wed, 08 May 2013 11:38:01 +0530

As we all have now cleared Level 2 and now approaching our final barrier to clear level 3 and be proud to be a CMT, does anyone have an idea where we can find jobs in technical analysis and what pay can we expect?

Subject: Re:CMT level-2 - by: APURVA SHETH

Mon, 06 May 2013 23:07:40 +0530

Even I cleared Level 2 thanks to all the seniors especially to Mr.S M GOUTHAM CHAND & Mr.Vishal Malkan for their help. Regards.

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: AMAR AGARWAL

Mon, 06 May 2013 19:54:32 +0530

sir can i get your mail id

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: AMAR AGARWAL

Mon, 06 May 2013 18:24:50 +0530

Hello everyone first time i have appeared for level 1 but i couldnt cleared level 1 on 4th may. really work hard but dont know what went wrong. really very disappointed.

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: Monil Shah

Mon, 06 May 2013 16:23:56 +0530

Cleared CMT Level 1.... Thanks alot ATMA and special thanks to Vishal sir for presentation. Regards, Monil Shah

Subject: Re:CMT level-2 - by: Vaibhav Chudasama

Sun, 05 May 2013 10:33:47 +0530

congratulation to all who have cleared level-1 and level-2. I cleard level-2. Thanx to all my seniors to hlp me for syllabus and proper guidance.. with tht thnx to ATMA and MTA.

Subject: Re:CMT level-2 - by: Srikanth Rayipati

Sat, 04 May 2013 15:15:31 +0530

Cleared CMT level 2 today ... Thank you MTA and ATMA.. :)

Subject: Re:USD/INR - by: ROHIT SRIVASTAVA

Thu, 02 May 2013 14:53:35 +0530

A longer view cant change on every tick. So wave 1 cannot be marked as X/B will the low breaks

Subject: Re:News or events cant affect the mkt or cant change the trend ? - by: Nikhil Dogra

Wed, 01 May 2013 17:56:22 +0530

:-D Its very subjective,sometimes market reverses other times it continues its trend. Try trading Natural Gas on Thursday , if you can trade it profitably on Thursday then you will begin to understand one thing - news is irrelevant and market is something entirely different than a method - EWT or any other. There is an element of time which we must consider and it comes with only experience with one's own method. Take Crude Oil yesterday tanked big time on news of oversupply.Its the perspective from which you are looking at that matters. As a position trader uptrend reversed and as a day trader the intraday downtrend continued. truly a subjective matter with no right and wrong , just like the market

Subject: Re:Good AFL (Tested) - by: Manish Sarraf

Wed, 01 May 2013 06:15:22 +0530

/* Submitted by Manish Sarraf at www.atma-india.net */ _SECTION_BEGIN("SuperTrend"); SetBarsRequired(100000,0); GraphXSpace = 15; SetChartOptions(0,chartShowArrows|chartShowDates); SetChartBkColor(ParamColor("bkcolor",ColorRGB(0,0, 0))); GfxSetBkMode(0); GfxSetOverlayMode(1); SetBarFillColor(IIf(C>O,ParamColor("Candle UP Color", colorGreen),IIf(CO,ParamColor("Wick UP Color", colorDarkGreen),IIf(C

Subject: Good AFL (Tested) - by: Manish Sarraf

Wed, 01 May 2013 06:12:00 +0530

Members can post all working & tested Amibroker AFL here

Subject: News or events cant affect the mkt or cant change the trend ? - by: Riddhi Sheth

Tue, 30 Apr 2013 19:27:34 +0530

Its one of the basics of Technical Analysis that news or events are irrelevant or every event is non event for mkt but many times it happens that news or event impact very heavily on the mkt and some times change the trend. Now when technical analyst assumption or bias with whichever direction and if after the news mkt moves or behaves that way then news irrelevant or event is non event otherwise many arguments or excuses there. So how to take big events while using TA. Specially have experienced and observed this much while using elliott wave analysis.

Subject: Re:USD/INR - by: Riddhi Sheth

Tue, 30 Apr 2013 18:56:59 +0530

Rohit sir, Today USDINR fell heavily with huge volume. If its 1-2, 1-2 counts as you saying, breakout of triangle must be upward in third wave but today it has broke the lower line of triangle and closed below it. So now how counts fit in to this structure

Subject: Re:Level 3 Prep Thread - by: Rupesh Solanki

Sun, 28 Apr 2013 09:42:10 +0530

HI, NIKHIL, In answer to your question about the ethics section of the CMT Level III exam, it is not necessary to state the code number. You need to state the violation that occurred, for example; Violation, Henson traded on inside information. If there was no violation, simply state: No violation. Source:http:/ etwork.mta.org/Discussions/ViewThread/?GroupId=55&MID=4762

Subject: Re:Level 3 Prep Thread - by: Nikhil Pimputkar

Sun, 28 Apr 2013 00:27:25 +0530

Is it necessary to write the code number while answering the questions related to the Code of Ethics?

Subject: Re:USD/INR - by: Riddhi Sheth

Sat, 27 Apr 2013 13:27:47 +0530

thats true but its just wave A of 4. and it was a sharp flash. In highly leveraged mkts its allowed. you are EW guru so respecting your view but was feeling like that. Other gurus please share your opinion abt it

Subject: Re:Level 3 Prep Thread - by: Musa Kaiser

Fri, 26 Apr 2013 21:56:56 +0530

Definitely view the following: 1. The CMT 3 training videos on the MTA website: http://media.mta.org/videos/cmti/level3/ (http://media.mta.org/videos/cmti/level3/) 2. The two practice tests: http://mta.org/eweb/docs/pdfs/cmt3-sampleques.pdf (http://mta.org/eweb/docs/pdfs/cmt3-sampleques.pdf) and http://docs.mta.org/pdfs/cmt3-sampleques-b.pdf (http://docs.mta.org/pdfs/cmt3-sampleques-b.pdf) Both are extremely useful, especially for those doing last minute stuff and also an excellent review & reminder resources. The practice test will also offer really good insight into how the exam is expected to be answered. Hope it helps. Dr. Musa R

Subject: Sleeping Triangles. Do they exist? - by: Sangamesh K.S.

Fri, 26 Apr 2013 17:05:58 +0530

It is over a year I have been seeing this type of pattern in market. I have done study on this pattern and I called this as a Sleeping Triangle. I have given the details about this pattern below in the attachment. Sleeping triangles are bit different and my understanding is to the behavioural aspects. I came up with few couple of theories as per my understanding regarding sleeping triangles. I am interested to know about this pattern if you have come across or want to share your experience. I know, ATMA’s are the best people for that. Let us understand this better; I find this pattern to be rare in EOD chart. I am not a CMT and hope any valuable input from them. I tried to check it out. But, did not find any valuable input. I will be overwhelmed to find some active people for sleeping triangles who give some valuable inputs. Regards, Sangamesh.K.S http://www.atma-india.net/images/fbfiles/files/Sleeping_Triangles.pdf

Subject: Re:USD/INR - by: ROHIT SRIVASTAVA

Thu, 25 Apr 2013 15:20:03 +0530

because of overlap between wave 1 high and wave 4 low

Subject: Re:USD/INR - by: Riddhi Sheth

Wed, 24 Apr 2013 21:49:47 +0530

Hello Rohit Sir, Why did you label as 1-2,1-2 count instead of 1,2,3,4 ? 1-2,1-2 counts seems too bullish.

Subject: Re:BHEL is in Downtrend but a reversal soon - by: Nikhil Dogra

Sat, 20 Apr 2013 13:11:05 +0530

Its in a nice bear market , we have a confluence of support from monthly chart and Fibonacci 127.2% of the swing measured from 256 to 503 and given the fact prices are rising on high volumes while Open interest is declining indicates to me we have already had a trading reversal but its in a Bear Market generally speaking. I generally do not trade stocks like these on Long Side, prefer to take only those signals which are in sync with the monthly. PS:- If you wait for confirmations chances are very high that you will not get better risk-reward opportunities, In this business you just have to take a leap of faith before confirmations as the risk is the lowest at uncertain times only. [IMG]http://i36.tinypic.com/2vvq4bs.png[/IMG]

Subject: Re:Double Top In MCX Nickel - by: Nikhil Dogra

Sat, 20 Apr 2013 10:35:24 +0530

Fundamentally Speaking Demand < Supply. As a Investor those who like to buy "value" it sure is cheap now :-D As a trader i like to be contrarian so yes i am not initiating fresh positional shorts,infact would have started scaling out shorts pretty much as soon we closed below 850. On Monthly a long term support has been breached however we still have Gann Line Support right now & Bands also suggest penetration below 779 has very low probability. so i am very neutral on Nickel as of this moment On Monthly Charts prices retraced roughly 50% before sagging down again. [IMG]http://i37.tinypic.com/21d0pwp.png[/IMG]

Subject: BHEL is in Downtrend but a reversal soon - by: Manish Sarraf

Sat, 20 Apr 2013 08:16:11 +0530

Bhel is continuously trending downward and as per Weekly charts most of the indicators are oversold. Now trading around 185. Soon a reversal can be confirmed above 205. Seniors comment will be appreciated with detailed analysis for long term investment.

Subject: Re: Ranbaxy - Rectangle-RSI-Bands - by: Manish Sarraf

Sat, 20 Apr 2013 08:11:35 +0530

Ranbaxy made a decent bottom around 374 and now on rising trend which can extend to 480 and bove. Kindly advices as per your analysis. I bought at 405.

Subject: Re:Double Top In MCX Nickel - by: Manish Sarraf

Sat, 20 Apr 2013 08:08:59 +0530

Nickel has next support at 790, may be a bottom can be formed this week. As per indicators weekly charts are near completion.

Subject: Re:USD/INR - by: Riddhi Sheth

Fri, 19 Apr 2013 09:48:24 +0530

In this week, USDINR has made a low of 53.77 at the lower line of triangle. USDINR had enough time pass in the last several months. a breakout in either direction is imminent. IF 53.75 brk decisively then the target goes below 40 so be careful for longs. Moreover yesterday march 2013 deficit was almost 30% less on YoY basis so that is also a positive trigger for rupee strengthening. All EW gurus requested to please share their opinions and those ll help new learners like mah self.

Subject: Re:Where Is Gold Headed? - by: Manish Sarraf

Thu, 18 Apr 2013 07:54:39 +0530

Gold has broken 200-WMA and trading below that, it shows the bear will have upper hand in coming days for targets $1280 and $1200.

Subject: Re:Where Is Gold Headed? - by: Manish Dewan

Mon, 15 Apr 2013 22:42:22 +0530

On similar lines I got my car's gas tank filled up today. Hope crude rebounds soon... fingers crossed Regards

Subject: Re:Where Is Gold Headed? - by: Nikhil Dogra

Mon, 15 Apr 2013 21:36:52 +0530

Amazing activity we are seeing in terms of participation in Commodities markets in India. I think today Paulson & Co. Sold its Gold holdings :-)) On to more seriousness you know it has more room for downside BUT i am seeing buying in domestic retail markets as well. Take for example some of my relatives who were pestering to buy it at 30k are now finding it "cheap" so they & people with mentality similar to my relatives might provide demand which in turn provide support albeit temporary at that to prices.

Subject: Re:Where Is Gold Headed? - by: Kapil Tandon

Mon, 15 Apr 2013 21:15:20 +0530

The rocket has finally landed!

Subject: Re:Multiple Pattern Cluster In MCX Crude Oil Futures Continuous Contract - by: Nikhil Dogra

Mon, 15 Apr 2013 17:29:16 +0530

Well Commitment Of Traders Report highlight open position of Commercials/Swap Dealers/Managed Money/Other Reportables. It is a sentiment gauge of Traders Position. Link is - http://www.cftc.gov/index.htm Trading MCX Commodities is no different from NSE Equities. I know most traders look at COMEX/LME BUT i do not. It would be like looking at US equity charts to trade NSE which makes no sense! Trade each commodity listed on MCX as a separate market. Now you must be wondering why do i see COT reports if i trade MCX well reason is India is filled with so many people who trade based on International exchanges and it provides a nice clue on how to take pleasure from another traders pain

Subject: Re:Gold _ Wave Count - by: Manish Dewan

Mon, 15 Apr 2013 14:37:59 +0530

my first target on Gold was achieved today. More to come in months to come.

Subject: Re:Multiple Pattern Cluster In MCX Crude Oil Futures Continuous Contract - by: SANDEEP BHALOTIA

Mon, 15 Apr 2013 10:59:43 +0530

Hi Nikhil, Your analysis are very interesting and very enriching. Currently I trade only on stocks. Could you give your advice as to how to trade commodities in Indian markets. What reports to look for and what technical to look at. Regards, Sandeep Bhalotia

Subject: Re:A Critical point for the Dow Jones Industrial Average - by: Riddhi Sheth

Sun, 14 Apr 2013 03:59:22 +0530

Hello Anant sir, Its been a long time that heard from you. Indu keep its march upward and slaughtering the bears. It has made many diagonals since march 2009 low and and hence it clearly looks corrective rise. Whats the call now for indu and DX ? Thanks,

Subject: Re:Long Term Gold Divergences - by: Nikhil Dogra

Sat, 13 Apr 2013 12:41:17 +0530

I hope , No technical investor was "long"

Subject: Re:Bull Market In Silver - by: Nikhil Dogra

Sat, 13 Apr 2013 12:33:57 +0530

In hindsight everything looks perfect.

Subject: Re:RISK/REWARD RATIO how important is it? - by: Nikhil Dogra

Sat, 13 Apr 2013 12:32:32 +0530

I recently had a 26.7R-Multiple trade in SBIN this week, i risked 1 and got return of 26.7 , Infact i am taking greater than 2R-multiple trades often than i earlier used to. Everything we hear , what i believed earlier was inherited beliefs, now i disregard it. We should take trades only when everything favours our play chances are we will make more the 2R-Multiple trades more often.

Subject: Re:Validity Of Technical Analysis - by: Nikhil Dogra

Sat, 13 Apr 2013 12:21:48 +0530

Wow today i managed to stuble upon this old thread. After few more months of experience under my belt , i have come to realize that the knowledge of technical is in no way answer to markets solution, followers of TA would not "loose to much nor gain to much money in the long run" To achieve greatness in comparison to any technical trader, its the knowledge of knowing when to ignore the charts and stay OUT! Only leading indicator i know is the tape, the detail and footprints of who the market really is, not the charts ;)

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: Akash Bhatia

Mon, 08 Apr 2013 13:46:54 +0530

Hello Friends. Even i am appearing for CMT level 1 this may. Kindly share any info regarding the same. Will be great if Sushil sir and all respected seniors will give us some guidance on the same. Akash

Subject: Re:Natural Gas - by: Nikhil Dogra

Sat, 06 Apr 2013 21:40:06 +0530

The correlation between MCX NatGas & Crude Oil is working along the lines of its history this week. The news flow which we got i.e. Goldman Upgrade & Predicted Cold Weather are just excuses for Trend Continuation. So far Natural Gas is saying to me - put the pedal to the metal! Contrarian in me is saying meanwhile that OI is near its Extremes and usually a reversal should come. Anyways i am not smart than the market will see what happens in it.

Subject: Re:Double Top In MCX Nickel - by: Nikhil Dogra

Sat, 06 Apr 2013 21:31:17 +0530

Looking at it now in hindsight , i feel we managed to capture it near its Top. Fundamentally speaking Supply outweighs its demand and charts are so far corroborating the fundamentals as well.

Subject: Re:Multiple Pattern Cluster In MCX Crude Oil Futures Continuous Contract - by: Nikhil Dogra

Sat, 06 Apr 2013 21:28:03 +0530

This week i am awaiting CFTC COT Report to decide whether we should ride the downtrend or start fading it.

Subject: Re:Options - by: Nikhil Dogra

Sat, 06 Apr 2013 21:26:26 +0530

I have started trading on option this week on Calls and Puts spreads, namely Verticals. Bull Call Spread/Bull Put Spread/Bull Put Spread/Bear Put Spread. Beginners luck i guess but for the first time i traded Option spread Live and i got a decent 42% net return on margin employed for 2 types of spreads i held. Would love to experiment more on other strategies. Its a shame we don't have LEAPS Option in India, They truly help out in Cutting Losses Short and Letting Winners Ride w.r.t to Theory that i have read until now.

Subject: INVERSE H&S IN HEXAWARE. - by: Rupesh Solanki

Sat, 06 Apr 2013 11:22:55 +0530

This is a Daily chart of HEXAWARE TECHNOLOGIES,with Relative chart in the middle panel plotted with respect to nifty and RSI in the third panel.The stock has given a breakout from Trendline resistance drawn from september 2012 to feburary 2013.further it is also forming an INVERSE HEAD AND SHOULDERS pattern on price chart and also on relative chart. It can be seen around Feburary 8 that Trendline breakout Signal was given early on relative chart followed buy price chart.Relative charts give an early indication of change in trend. As currently you can see that Relative chart has also given a breakout in INVERSE H&S Pattern. So there is a high probability of a breakout in price chart also. On the RSI chart currently at a level of 59 is in bullish territory with a range shift over 40 levels. http://atma-india.net/images/fbfiles/images/HEXAWARE_TECHNOLOGIES_LTD.gif Looking at all these signals there is a good chance of a breakout from this pattern however one should wait for a breakout signal from price chart before entering a trade. HAPPY INVESTING, With Regards, RUPESH SOLANKI.

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: sohil gandhi

Thu, 04 Apr 2013 12:27:37 +0530

hi, I am appearing for the May attempt, Has anyone appeared for level 1 last year ??? this is because i wanted to know which topics to concentrate more on.. Thank You, Sohil Gandhi 9819774808

Subject: Re:Long Term Gold Divergences - by: Vaibhav Chudasama

Mon, 01 Apr 2013 18:06:23 +0530

Tnank you Mr. Nikhil sir.

Subject: Re:Long Term Gold Divergences - by: Nikhil Dogra

Sun, 31 Mar 2013 17:26:04 +0530

Yes Sir it is a paid software. I don't know which one is the "best" software out there, Choosing which is the "best" is like picking between BMW or Merc. Gist of things is the higher you pay the more "best" it can be. As for Free EOD try icharts.

Subject: Re:Long Term Gold Divergences - by: Vaibhav Chudasama

Sun, 31 Mar 2013 14:17:24 +0530

Is this paid software? for commodity international and indian, which is the best 1? and is there any free EOD charts softwares available? @ Mr. Nikhil Dogra

Subject: Re:Multiple Pattern Cluster In MCX Crude Oil Futures Continuous Contract - by: Nikhil Dogra

Sun, 31 Mar 2013 13:41:34 +0530

I had a chance to go over Weekly CFTC Commitment Of Trader Report today and based on its interpretations prices are at a level where historically speaking prices have corrected. Common sense dictates that those who have positions at lower levels should trail them while refraining from entering fresh positions.

Subject: Re:Multiple Pattern Cluster In MCX Crude Oil Futures Continuous Contract - by: Nikhil Dogra

Sat, 30 Mar 2013 22:25:04 +0530

I don't know where it will go. I just know trend was UP and it has been for a while now and why should we cap ourselves with a target ? Let the trend run where it wants to. When i will observe signs of reversal i will update here.

Subject: Re:Multiple Pattern Cluster In MCX Crude Oil Futures Continuous Contract - by: Bhavesh Chedda

Sat, 30 Mar 2013 20:49:03 +0530

so where is crude headed and what is your view about today's upper circuit hit at 5517

Subject: Long Term Gold Divergences - by: Nikhil Dogra

Sat, 30 Mar 2013 13:29:28 +0530

As a Investor one should stay away from Gold (Not Applicable To Traders). Prices are Below their 6 month and 12 month averages and if a Bearish Crossunder Happens chances are we might see INR 20,500 Approximate as well which coincides with Long Term 50% Fibonacci Retracement. Investors who want to purchase gold for the long haul should wait or preferable look somewhere else for Investment. Traders should have no concern with this analysis as Long/Short is part of the business. [IMG]http://i50.tinypic.com/54ahr9.png[/IMG]

Subject: Multiple Pattern Cluster In MCX Crude Oil Futures Continuous Contract - by: Nikhil Dogra

Fri, 29 Mar 2013 22:12:00 +0530

We have a Inverse Head & Shoulder Pattern which is also doubling up as a Cup Base. The throwback towards neckline held its ground and Crude Oil made a breakout above what is possibly a Cup & Handle Pattern as well. Based on these pattern interpretations we should maintain a Bullish Stance. [IMG]http://i45.tinypic.com/2iuxsee.png[/IMG]

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: CFA Krunal Dedhiya

Fri, 29 Mar 2013 14:57:47 +0530

http://atma-india.net/images/fbfiles/images/cmt_level2.jpg

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: Monil Shah

Thu, 28 Mar 2013 16:40:29 +0530

Hi friends,I am also appearing CMT level 1 in May 2013. I welcome this idea of group studies. For contact Details please visit to My MTA profile. Regards, Monil Shah

Subject: Re:Natural Gas - by: Nikhil Dogra

Wed, 27 Mar 2013 18:25:57 +0530

Natural Gas's Premium to Yearly Mean is valued at "Fair Price" today, Prices can go to INR 250 Levels as well, although Crude Oil is also exhibiting Upward Trend and i have always observed a inverse correlation between them. Probability is high that Natural Gas might soften its upward trend. As a Trader i am more comfortable initiating fresh positions in Crude Oil in comparison to Natural Gas this time. For me Natural Gas is in a Long Term Bull Market as long as prices stay above INR 114 [IMG]http://i47.tinypic.com/jufr7c.png[/IMG]

Subject: Re:Happy Holi... The festival of colours to all. - by: Mahesh M Nair

Wed, 27 Mar 2013 12:02:07 +0530

I wish a very happy holi to all the ATMA members and their loved ones. [size=4][/size] :)

Subject: Happy Holi... The festival of colours to all. - by: Manish Sarraf

Wed, 27 Mar 2013 09:10:29 +0530

Wish U all Happy Holi. May this Holi brings a lot of joy and Happiness in life of all your family members. From Manish Sarraf & Family members http://atma-india.net/images/fbfiles/images/39.gif

Subject: Re:ATMA Sentiment Index - by: Nikhil Dogra

Tue, 26 Mar 2013 19:11:40 +0530

Here is what i usually do to determine my sentiment for all the markets i trade. [IMG]http://i49.tinypic.com/miysz8.png[/IMG]

Subject: Re:ATMA Sentiment Index - by: Nikhil Dogra

Tue, 26 Mar 2013 19:06:48 +0530

I deleted my social networking accounts few months ago. Yes having lots of posters who post free views on such sites have served me very well in terms of contrarian trading idea generation. I now have a much better approach for determining sentiments , With experience our analysis improves so a time comes when it really doesn't matter what is the view of masses, having few trusted traders is more than enough for contrarian idea generation. Try to have contact with 10-20 profitable traders and have understanding of their strengths and weaknesses. For example a trader i know is very good and he is long a particular market , i am bearish on the same market in which he is Long. I understand his strengths and i don't short that particular market until the individual tells me he is not Long anymore. If i become short when he is long i am most certainly be hitting my SL , but when he is out and i short then i usually end up with a winner. My point is having constant interaction with other "practicing traders" instead of FB/Twitter Analysts is more beneficial for our own holistic growth.

Subject: Re:ATMA Sentiment Index - by: Rohit Das

Tue, 26 Mar 2013 17:55:48 +0530

Nikhil any update on building the index ... seems lik an interesting idea

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: S M GOUTHAM CHAND

Fri, 22 Mar 2013 20:49:04 +0530

Hi Every one, Revision is very important, you have to revise all the prescribed text books more than once, if you can do more number of revisions then the exam will be a cake walk. Read Ethics every day once it will take just 10 min, This is important for all three levels. The sample papers are there in the mta website that will help you a lot. Best wishes to all who appear for the CMT exam. Goutham Chand CMT Chennai 09962306150

Subject: Re:USD/INR - by: ROHIT SRIVASTAVA

Fri, 22 Mar 2013 17:34:02 +0530

Wave 2 is a complex W-X-Y- structure where wave Y is a triangle.

Subject: Re:USD/INR - by: Riddhi Sheth

Fri, 22 Mar 2013 11:21:59 +0530

Rohit Sir, If you can visit the chart of USDINR then can have clear idea that its triangle forming. As per EW triangle doesnt occur in wave 2. So if you say that its triangle and after this wave 3 ll start then how its possible Pls throw the light Thanks Riddhi

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: APURVA SHETH

Thu, 21 Mar 2013 22:53:18 +0530

http://www.atma-india.net/images/fbfiles/images/untitled1.JPG unable to upload pdf due to its size or something else dont know why, hope this image would be fine

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: Gaurav Idnani

Thu, 21 Mar 2013 21:50:41 +0530

There is no attachment. Can you please resend this?

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: AMAR AGARWAL

Thu, 21 Mar 2013 18:19:14 +0530

HELLO MAKING A GROUP IS A GOOD IDEA I AM ALSO APPEARING FOR CMT 1 THIS MAY. BUT I DONT THINK SO THAT MEETING WILL BE POSSIBLE FOR ME SO CAN WE GET EACH OTHER'S MAIL ID OR FACEBOOK ID OR CONTACT DETAILS SO THAT ATLEAST WE CAN SHARE AND STUDY. my email id is a_amar54@yahoo.co.in REGARDS, AMAR AGARWAL.

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: APURVA SHETH

Wed, 20 Mar 2013 23:22:30 +0530

Attached herewith is the bookwise weightage for Level 2. Senior members pls let us know what sort of questions can be expected on statistics???

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: APURVA SHETH

Wed, 20 Mar 2013 23:18:40 +0530

If anyone is having Sample Papers for Level 2 then please share it on forum.

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: Vaibhav Chudasama

Mon, 18 Mar 2013 00:29:21 +0530

Thanks a lot sir. I will contact you soon for doubts and proper guidance. As I am also taking little guidance from CMT persons. Hope this type of helping by all achievers will made our ATMA more stronger.

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: S M GOUTHAM CHAND

Sun, 17 Mar 2013 19:24:45 +0530

You can call me or mail me for any queries or clarification Best wishes Goutham Chand CMT

Subject: Re:2nd Edn CMT 3 books wanted ... - by: Nikhil Pimputkar

Sat, 16 Mar 2013 23:33:05 +0530

Hi, I have Irrational Exuberance.. 2nd Edition

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: Vaibhav Chudasama

Sat, 16 Mar 2013 11:35:33 +0530

from today, jst 48 days are left to study level-1 books and new other level-2 books. We have to plan seriously and seniors who has cleared level-2 exam or CMT, I pleased them to give advise on each book and recommend important topics in it.

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: APURVA SHETH

Sat, 16 Mar 2013 10:08:09 +0530

So Frnds, hows studies going for level 2??

Subject: Point and Figure Relative Strength Chart Analysis - by: Prashant Shah

Thu, 14 Mar 2013 00:24:55 +0530

A report in brief mainly with chart images with the help of P&F RS charts. Realty index might outperform. regards Prashant Shah http://www.atma-india.net/images/fbfiles/files/Point_and_Figure_Relative_Strength_Chart_Analysis.zip

Subject: 2nd Edn CMT 3 books wanted ... - by: Musa Kaiser

Wed, 13 Mar 2013 21:10:36 +0530

Hi All, As all of us know the reading list for CMT 3 2013 is available here. (http://docs.mta.org/cmt/reading/2013spr-cmt3.pdf) Please note that the SECOND EDITION (and NOT the 1st edn) of Irrational Exuberance and Japanese Candlestick Charting Techniques are required. If anyone has the SECOND EDITIONS of the above books, kindly let me know as I am looking to acquire them for my CMT 3 preparation. My thanks in advance, Dr. Musa R

Subject: Re:Options - by: Manish Sarraf

Wed, 13 Mar 2013 05:08:21 +0530

Good book attachment... worth reading

Subject: Re:Options - by: Nikhil Dogra

Tue, 12 Mar 2013 21:12:27 +0530

Anubhav Sethi wrote: I am attaching Liffe Options Strategies pdf. It contains basics of options along with various options strategies or you can log on to www.optionseducation.org Thank You for all your replies

Subject: Re:Options - by: Anubhav Sethi

Tue, 12 Mar 2013 16:52:12 +0530

I am attaching Liffe Options Strategies pdf. It contains basics of options along with various options strategies or you can log on to www.optionseducation.org or cboe options institute. You will get every thing related to options over there. From Beginners level to advanced options strategies. And these links not only have reading stuff but also free podcasts and videos. http://www.atma-india.net/images/fbfiles/files/LIFFE_Options_107297.pdf

Subject: Wave in Nifty 1hr - by: Arindam Pal

Tue, 12 Mar 2013 14:25:07 +0530

This is nifty 1hr chart.. I try to count wave in that chart.. I don’t know much about wave.. I start learning wave few day before.. So can anyone tell me that is this right way I count? If u thing something else plz do share with me.. http://69-195-98-168.bluehost.com/images/fbfiles/files/Nifty_1hr_Chart.jpg

Subject: Re:Options - by: Sangamesh K.S.

Tue, 12 Mar 2013 10:17:32 +0530

When I was doing my degree; I found a book called "Options Futures and Other Derivatives" by Hull and Basu. I read few topics and it is was worth reading. It is filled with conceptual knowledge. When my friends used to ask for a good book on F&O, I always recommend this book. Happy reading :)

Subject: Re: Options - by: Nikhil Pimputkar

Mon, 11 Mar 2013 22:01:20 +0530

How to Make Money Trading Derivatives - Ashwani Gujral

Subject: Options - by: Nikhil Dogra

Mon, 11 Mar 2013 21:09:38 +0530

I want recommendation on Option Trading book(s) which are must-have for knowledge.

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: bharat gothi

Mon, 11 Mar 2013 19:10:08 +0530

hello friends we have an ATMA meeting this saturday on 16 mar, so let us meet and make our study group :)

Subject: Re:How come DX and US mkt both rising together ? - by: ANIL PADIA

Sun, 10 Mar 2013 10:47:18 +0530

Hi, The relationships of different asset classes keep changing in the short term. Yes it is difficult to imagine the DX & the DJIA both in the same trend, but thats the reality for now. In fact both the charts are bullish (ICHIMOKU analysis), & how long this RISK ON scenario will last in the face of a rising DX is a thing to be watched. But for now both are bullish. In the Indian context though, the Usd-Inr seems to be chartering its own course & not following the DX trend. The strength in the DX is more pronounced in the Usd-Jpy. The Eur-Usd is also not falling as much as it should given the strength in the DX. I think the first casualty should be the Eur-Usd in the wake of a further strength in the DX.And then maybe the stock markets,but,on top of all this there are no signals to sell yet.So keep watching.

Subject: How come DX and US mkt both rising together ? - by: Riddhi Sheth

Sat, 09 Mar 2013 20:23:16 +0530

Its very surprising that since last many days both dollar index and US mkt rising together. Generally it happens when there is real growth but looking at current scenario it seems difficult. So one of them has to let go the momentum sooner than later. Seniors pls share your views.

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: Sujoy Sikder

Fri, 08 Mar 2013 15:40:18 +0530

Yes I second the idea. I am also appearing in May for Level 1

Subject: Re:Dow Theory vs Elliott Wave - by: Nikhil Dogra

Fri, 08 Mar 2013 14:07:14 +0530

Interesting Question and i have thought about it countless times myself. EWT Patterns are complex and more subjective which may be a reason why most EWT see different things on the same chart. DT is simplistic and it is also subjective although its patterns can be measured to provide statistics. I am not sure about EWT statistics. DT serves to establish trend and their continuation while EWT tries to establish reversals. Ultimately its upto the trader to decide which suits his/her personality. Bottomline is there is no competition among DT vs EWT , both serves different agendas.

Subject: Re:USD/INR - by: Riddhi Sheth

Fri, 08 Mar 2013 09:45:01 +0530

It seems like USDINR still in corrective wave. Anant sir pls upload the chart when time permits so that we can learn fro guru like you. Thanks a lot

Subject: Dow Theory vs Elliott Wave - by: Riddhi Sheth

Thu, 07 Mar 2013 21:53:27 +0530

Its very intriguing that since last many months dow theory works perfect for Indu ( dow jones industrial average ) than elliott wave. Since indu hit low in march 2009, as per EW its in corrective wave and its making a series of triangles. its not at all impulse. but despite having many triangles and at regular intervals analysts predicted ED, its continued its journey upwards. No EW analysts have predicted such a huge target i.e.14300+. Even veteran EW guru also failed to predict such a mammoth wave. In other case, dow theory has worked perfect in last 4 years. sector specific rotation very well working. Here we have many senior Ellioticians and many of them are practicing since long so question for them is when to use dow theory and when EW. If EW is the best tool then why such a huge error in judging the market. Seniors pls do participate and help novice to learn

Subject: Re:Which indicators work best on Short-term trading? - by: Nikhil Dogra

Thu, 07 Mar 2013 16:44:58 +0530

The most leading indicator that i have found is Orderbook with Time & Sales Window for Short Term Trading. Charts are formed once transaction is completed so in that sense Orderflow leads charts obviously as we can conclude which side either Buy/Sell Side will have more power to influence charts.

Subject: Re:Will the Sensex go down first and then Rise in 2013 - by: Nikhil Dogra

Thu, 07 Mar 2013 16:21:35 +0530

Primary Trend is Sideways with 5694 as support & 5953 as resistance. 6276 which is 161.8% Extension of previous major swing seems to be pending but i wouldn't bet on it just yet as 127.2% has been breached on upside but it failed to capture 161.8%. Price reversed from 145% of previous swing. I would continue to Buy on Dips until i see my stop loss hit. [IMG]http://i50.tinypic.com/152dnyg.jpg[/IMG]

Subject: Re:Charts from world over - by: Nikhil Dogra

Thu, 07 Mar 2013 16:18:08 +0530

PS:- The FX pairs analyzed belong to MCX-SX

Subject: Re:Charts from world over - by: Nikhil Dogra

Wed, 06 Mar 2013 09:58:12 +0530

Nifty:- Primary Trend is Sideways with 5694 as support & 5953 as resistance. 6276 which is 161.8% Extension of previous major swing seems to be pending but i wouldn't bet on it just yet as 127.2% has been breached on upside but it failed to capture 161.8%. Price reversed from 145% of previous swing. USD:- Its Primary Trend is Sideways with a 55.78-54.07 Range. I would buy it on dips or i would entertain it on a sustained breakout out above 55.78 as 57.75-58.10 cluster is pending for a touchdown. YEN:- Its also Consolidating in a Bear & has 60.23 & 63.13 as Resistances. It reversed at 127.2% of Previous Swing. GBP:- Primary Trend is a Consolidation In A Bear & 83.99 & 84.40 are Resistences. From Previous Swing it had a reversal at 127.2% Euro:- The Primary Trend of Euro is Consolidation in a Bull although i wouldn't dream of investment in it until it sustains 72.42 and it has support around 70.94 & 68.58

Subject: Re:Double Top In MCX Nickel - by: Nikhil Dogra

Wed, 06 Mar 2013 09:45:37 +0530

The low Nickel formed was 888.8 which co-coincided with 889 Monthly Support

Subject: Re:USD/INR - by: Nikhil Dogra

Wed, 06 Mar 2013 09:41:02 +0530

USD:- Its Primary Trend is Sideways with a 55.78-54.07 Range. I would buy it on dips or i would entertain it on a sustained breakout out above 55.78 as 57.75-58.10 cluster is pending for a touchdown. [IMG]http://i47.tinypic.com/2a9b0bt.jpg[/IMG]

Subject: Malkansview report - PFC - by: Vishal B Malkan

Mon, 04 Mar 2013 11:04:26 +0530

comments welcome if any query feel free vishal http://atma-india.net/images/fbfiles/files/PFC___03_03_13.pdf

Subject: Re:RSI divergence in SAIL - by: Sanjay Thakker

Mon, 04 Mar 2013 09:51:06 +0530

Hi Udit, Yes & that was never questioned. Regards, Sanjay

Subject: Re:RSI divergence in SAIL - by: UDIT PALIWAL

Sun, 03 Mar 2013 22:21:56 +0530

HI Sanjay, Your observation on RSI plotting on Chartnexus vs. other softwares is correct. And would not discuss much on that. But only thing is that after having recorded the Lowest value of RSI on 26th Feb. RSI has made a higher low on 28th Feb while price made a lower low. Which I am considering the divergence in the RSI- Price equation.

Subject: Re:RSI divergence in SAIL - by: Sanjay Thakker

Sun, 03 Mar 2013 21:05:47 +0530

Hi Udit, My reply is not about your analysis of the stock. It is about the RSI chart. In feb, your chart shows lowest value of RSI on 14th, whereas I see that on 26th. I have observed that RSI values computed by Chartnexus software generally differ from computed by other softwares. I do not know why that is so. Pls explore a bit on my observation which is purely out of concern. I do not know how to append a chart. :( Pls execuse. Regards, Sanjay

Subject: Re:RSI divergence in SAIL - by: UDIT PALIWAL

Sat, 02 Mar 2013 22:27:57 +0530

Hi Madhav, Thnx for your observation. I am only looking for a 3-5 day divergence pattern that was Explained by Mr. Vishal Malkan during 1st webinar “Relative Strength Index - New Insights” If this pattern falls under that category, then SL below 70 with target of 75/77 is a good trading opportunity..

Subject: Re:RSI divergence in SAIL - by: Madhavprasad Pai

Sat, 02 Mar 2013 12:28:31 +0530

Hi Udit, Its possible that there will be a pull-back, but I am not sure that the pull-back will be tradable - meaning it will be difficult to set meaningful stop-losses. I am also not sure that the downtrend has ended because even now the volumes seem to go up whenever the prices decline. Of course - "bhav bhagwan chhe". So, if the higher low in RSI is followed by the breach of the zero line, I will need to revise my opinion to "UP". Regards, -- Pai

Subject: RSI divergence in SAIL - by: UDIT PALIWAL

Sat, 02 Mar 2013 10:00:04 +0530

RSI divergence is observed in SAIL. With prices making new low in last 4 candles, RSI has made a higher low. SAIL could be a short term buy. Only concern is that this divergence is observed below 30 Level. http://69-195-98-168.bluehost.com/images/fbfiles/images/SAIL.jpg

Subject: Is it time for brainstorming for elliotticians for INDU and Nifty ? - by: Riddhi Sheth

Thu, 28 Feb 2013 15:53:10 +0530

A very clever and confusing pattern in INDU and nifty as far as EW concern. Two days back it was looking like ED completed in INDU and downtrend has started and then yesterday it has made new high above 14100 !!! Now in S&P it looks like 5th is yet to happen and it may end somewhere around 1570-1590. Ufff !!! no idea which counts are appropriate... Today the same thing happened in nifty !!! market was such oversold and expecting a small bounce at least 5884 but PC has done magic and oversold nifty dragged more than 100 points. The confusion with US$INR chart too !!! All in all its time for ellioticians to revisit the charts with a cup of coffee :) !!!

Subject: Some Key Facts on World Indices - by: sunil pillania

Wed, 27 Feb 2013 20:31:05 +0530

http://www.cityindex.co.uk/market-analysis/market-news/7324062013/dow-30-ftse-100-dax-30/?cid=0000215115

Subject: Re:USD/INR - by: Riddhi Sheth

Wed, 27 Feb 2013 09:40:19 +0530

Rohit Sir, One of the reason to support the view is that despite the strength in dollar index, USD not able to show that much strength against INR. Moreover on 25 feb, it has come down with heavy volume.

Subject: Re:USD/INR - by: Riddhi Sheth

Tue, 26 Feb 2013 11:43:05 +0530

Thanks a lot Rohit sir, very nice explanation. Whats the opinion of Anant sir and manish sir about counts of the pair

Subject: Re:USD/INR - by: ROHIT SRIVASTAVA

Sat, 23 Feb 2013 17:32:44 +0530

For the Elliotticians tuned here is an updated wave count of the USDINR. While it looks like a triangle it is not one. 2 impulse waves up and 2 corrections. The second correction was a more complex W-X-Y structure where Y is a triangle. With that the probability that wave 3 up of larger degree has started is very high. 67 here we come. Riddhi: if you do think its a triangle anyway then triangle is a continuation pattern, Wave B/4 should be bullish for wave C/5 up so target of 40 is hardly possible anyway. http://www.atma-india.net/images/fbfiles/images/Wavechart-20130223.png

Subject: Re:Natural Gas - by: Nikhil Dogra

Sat, 23 Feb 2013 15:32:21 +0530

Yes considering the big picture from where it came from its life time highs , where it went and where it is in time i stand by what i say :)

Subject: Re:USD/INR - by: Riddhi Sheth

Sat, 23 Feb 2013 14:08:31 +0530

Have observed usdinr after a long time and very surprise to see the pattern unfolded. Its a triangle !!! Triangle generally occurs in wave b or iv. If pattern is true then target of usdinr below 40. Here many senior EW analysts have view 60+ for the pair but how if its a triangle. Seniors pls share your view.

Subject: Re:Natural Gas - by: Manish Dewan

Sat, 23 Feb 2013 13:21:34 +0530

So, just for my understanding... Natural Gas would be in bear market for you if it falls by 60-65% from here?

Subject: Re:Natural Gas - by: Nikhil Dogra

Sat, 23 Feb 2013 13:14:05 +0530

MCX Natural Gas for me its a Buy on Dips provided INR 151 holds and only If it falls below that level i might conclude that the condition of the market will change from Current Consolidation in a Bull Market To Sideways Condition with a INR 151-107 Range. For Bull Market to resume i need a a sustained break above INR 185. In a nutshell Bull Market : Above 185 sustained breakout. Consolidation In Bull Phase: 185-151 Sideways Phase: 151-107 Bear Market : Below 107 Till we are above INR 107 Bear Market probability seems low. The timeframe i have employed are Monthly Charts Of MCX Natural Gas

Subject: Natural Gas - by: Manish Dewan

Sat, 23 Feb 2013 12:15:38 +0530

Hi, I'm enclosing weekly long term chart of Natural Gas. Based on the wave count depicted therein and where we stand right now I expect deeper.... much deeper correction in this commodity in weeks to come. Regards http://www.atma-india.net/images/fbfiles/files atgas.jpg

Subject: US Dollar Index - by: Manish Dewan

Fri, 22 Feb 2013 10:00:29 +0530

http://69.195.98.168/images/fbfiles/files/USD_Index.jpg Regards

Subject: Re:Gold _ Wave Count - by: Manish Dewan

Thu, 21 Feb 2013 13:23:37 +0530

An update from my last post. Gold has been moving as expected with downmove having picked up speed. I expect all the targets mentioned in my past post to be met in months to come. Also, as we are in the 4th wave of supercycle degree, I expect gold to fall to $900/ounce which would be still 61.8% retracement of the 3rd wave of supercycle degree. Regards

Subject: Double Top In MCX Gold (M) - by: Nikhil Dogra

Wed, 20 Feb 2013 21:25:08 +0530

As a Trader i see GoldM Charts with a Double Top Formation with a probable pattern objective of INR 28500 and Would not be Bullying Gold for "Investments" since 29th November 2012 As a Investor i see Its still in a Long Term Bull Market until a monthly candle close below 27160. [IMG]http://i48.tinypic.com/2uz85ly.png[/IMG]

Subject: Double Top In MCX Nickel - by: Nikhil Dogra

Tue, 19 Feb 2013 19:56:51 +0530

MCX Nickel has formed a Double Top , This pattern has potential price objective of INR 945 approximately. Prices are Currently Sideways in terms of the Primary Trend depicted on Monthly Charts. [IMG]http://i45.tinypic.com/2ldy73s.png[/IMG]

Subject: USDINR GEARING UP FOR A RETRACEMENT TOWARDS 53.85-53.65 - by: SAHIL VIJAY

Mon, 18 Feb 2013 12:40:24 +0530

The impulsive wave up from 52.88 seems to be coming closer to a hault around 54.38. I am attaching hourly charts to augment my analysis. The first five wave up seems to be completing. The positioning of RSI above 70’s is pointing towards overbought levels along with nearing completion of five wave up. The next leg down should target near 53.85-53.65 where the previous fourth wave is. All in all, bulls be cautious and get ready to take profits and depending upon your risk appetite look to enter on the short side or just wait on the sidelines to re enter at appropriate levels. http://www.atma-india.net/images/fbfiles/files/USDINR_18_02_13.png

Subject: Re:Top performance metrics - by: Nikhil Dogra

Fri, 15 Feb 2013 23:45:00 +0530

I measure the following performance metrics - No. Of Trades Winning Trades Loosing Trades Risk Limit / Reward [R-Multiple] Trade Entry Time Trade Exit Time Average Trade Time of Winner Average Trade Time Of Looser Average Winner Average Looser P&L for No. Of Winning/Loosing Days in a Month Minimum Profit Objective [INR XXXXX per day/week] Average Commission Cost Position Size Average Morning Session P&L Average (Commodity Trader) Evening Session P&L Average For Equity Trader this can be equivalent to 9:15-11:30 am P&L Average 11:30 am - 2:00 pm P&L Average 2:00-3:30 pm P&L Average These are further sub divided into different market conditions/ Days of the week/ Month (So far i have data of Average "2" January's Performance [2012-2013])

Subject: Re:E-Library - by: Nikhil Dogra

Fri, 15 Feb 2013 23:10:42 +0530

Some of the Books that i want to suggest for ATMA E-Library are - The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing - Michael J. Mauboussin Bushido, the Soul of Japan - Inazo Nitobe (I feel there is a lot of similarity between a Samurai & Trader :-D ) The General Semantics of Wall Street - John Magee Interest Rate Modeling. Volume 1: Foundations and Vanilla Models - Leif B. G. Andersen, Vladimir V. Piterbarg Understanding Hedged Scale Trading 1st Edition - Thomas A. Mccafferty Sports Arbitrage (Advanced Series - Cross-Market Trading Strategies II) - Rajeev Shah

Subject: Re:series 86 - by: Nikhil Dogra

Fri, 15 Feb 2013 23:01:55 +0530

It has nothing to do with Indian Students. Here is the link which will clear your doubts mentioned in MTA website - https://www.mta.org/eweb/dynamicpage.aspx?webcode=series-86-exemption

Subject: Re:Stop Loss - by: Nikhil Dogra

Fri, 15 Feb 2013 22:55:12 +0530

I am now moving away from Price based stops to time-based stops which off course can be determined once you have a record of each trade time i.e. Winning Trade Time stop/Loosing Trade Time Stop. For example - In my Day Trading i have to be holding a winner in maximum 15 minutes otherwise probability of that position working after 15 minutes diminishes tremendously. Positive impact it has had on me is say for example my risk limit in a market is say INR 1000 and time component stops me before this limit is reached perhaps at 50-70% of the Risk Limit.

Subject: Re:Position Sizing - by: Nikhil Dogra

Fri, 15 Feb 2013 22:45:42 +0530

I am now using market conditions as a filter for determining position size. Suppose N is normal quantity i am allowed to take exposure on. Now here is how i am going aggressive - neutral - conservative i.e. I determine market conditions based on EOD Charts , i am attaching a sample screenshot of MCX Nickel Trending Conditions - 2(N) Aggressive Consolidations - N Neutral Sideways - 1/2(N) Conservative [IMG]http://i48.tinypic.com/260ybr6.png[/IMG]

Subject: Re:Is it the Sensex? - by: Nikhil Dogra

Fri, 15 Feb 2013 22:16:26 +0530

Now SX-40 is also in the competition for the tag of Best Indian Index (Off course its in its initial days) and i feel by 2018 SX-40 will be one notch above both Nifty/Sensex. @Sushil sir i have experienced this difference between trading on Sensex Fut./Nifty Fut. which is in the latter case we can work up Bids & Offers with a little more confidence as compared to Sensex Fut. where to ensure we get entered we have to hit the Bids/offers more often which results in loosing bid-ask spread and increasing cost. Offcourse sometimes both markets show this tendency but Sensex Fut. does this more often in comparison to Nifty Fut. Perhaps it might me because of my trading strategy but thats just my initial experience.

Subject: Re:CMT level 1 May -13 Group .... Lets help each other with discussion... - by: SANDEEP BHALOTIA

Thu, 14 Feb 2013 09:48:06 +0530

Hi me too appearing for the may 2013 exam, lets discuss....i accept the idea of forming group

Subject: Re:Soldiers are Deserting......... - by: Nikhil Dogra

Tue, 12 Feb 2013 16:27:31 +0530

Lovely observation

Subject: Re:Will the Sensex go down first and then Rise in 2013 - by: Nikhil Dogra

Tue, 12 Feb 2013 15:58:28 +0530

Yes i have said i will get a clear picture by Feb 1st, so i will share my view. 2013 is a Year of Consolidation with a Long Equities Bias for me w.r.t the bigger picture until 5500 is intact and its a Buy on Dips until then.

Subject: Re:Stop Loss - by: Suree Sharma

Tue, 12 Feb 2013 09:16:05 +0530

First, as a critical part of a trader's strategy, exit levels both in profit or loss position needs to be arrived at before the trade. Stop losses become counter productive and hence painful if the right price point for entry is not arrived at. Taking long positions in a falling trend and short in a rising trend will eventually lead to stop losses being hit most of the times.

Subject: Re:Stop Loss - by: Mayur Sampat

Mon, 11 Feb 2013 23:47:51 +0530

Stop Loss as every say is " Capital Protection". But Human being having ego would say no Not Required or I don't use one. When one goes right the Ego say See I told you it works without a Stop Loss. But one day when Ego is at its peak and No Stop Loss is used, and Market goes against you, the Mind gets paralysis not agreeing, even when things are going wrong and then it eventually wipes out the account, only to realize " If only I would have used Stop Loss". Best is why Fight! so what if once a while stop loss gets hit, there is one more trade and day to the market. Market always will remain, even when one accounts get wipe out so better be prepared to loose but loose small, by using Stop Loss. As there is Still One More Day to the Market. Regards Mayur Sampat

Subject: Soldiers are Deserting......... - by: APURVA SHETH

Tue, 05 Feb 2013 11:31:33 +0530

http://www.atma-india.net/images/fbfiles/images/Soldiers_are_deserting-20130205.JPG BSE 500 Index has a large number of stocks from diverse sectors and industries and is often considered as a true measure of the overall health of an uptrend. The above chart compares the price movement of Nifty with the number of stocks hitting a new 52 week High/Low on BSE 500. An uptrend is considered healthy when an increasing number of stock are hitting new highs daily while lesser number of stocks hitting new high during an uptrend suggests weakening market breadth. We have seen a number of diverging trends from the above chart the first one being the No. of days when more than 50 stocks hit a new 52 week high were more in 2010 suggesting a much broader participation compared to the ongoing rally where this no. has barely managed to hit 50 (black horizontal line). The second divergence is seen at market peak in November 2010 when the no. of stocks hitting new 52 week high actually fell before the Nifty did; which is also the case now as the Nifty has continued to rally even after this indicator topped out in October 2012. Thus both of the above suggests a deteriorating market breadth which is a bearish picture. The ‘soldiers’ are deserting even while the ‘generals’ continue to march forward. In a war, this would be a prelude to disaster. In the stock market, it may be the same.

Subject: series 86 - by: Sujal Shah

Thu, 31 Jan 2013 11:51:42 +0530

Can anybody guide me - what is series 86 to do with Indian student who completes CMT-2 with two years.

Subject: Re:Will the Sensex go down first and then Rise in 2013 - by: Sushil Kedia

Fri, 25 Jan 2013 11:33:30 +0530

A terminal triangle has been completed on Nifty. A breach of the lower line achieved yesterdady. Minimum target to 5600 for now. Once we reach there the patterns formed from now to 5600 will dictate us in deciphering how big a rebound, if any worth playing, will come before a deeper cut. Most equity indices worldover are poised for deep cuts. Sentiment has been positive and market has if you notice from the 5900 peak of September to the 6100 peak in January moved a mere 200 points in 4 months! This explains the massive RSI divergence too. Sectorally there is no one particular sector on the Nifty that is showing sustained strength. Autos have been trending lower already, so have the FMCGs been. Metals are in a decline. Pharma too barring Sunpharma keeping declining. IT wonder with the Infosys results seems to have played out. Oil & Gas is coming into a grind in next few days. The biggest performers the banks are readying for a glide and bloodhsed lower. Get ready, the consensus is bullish and the market is not. Thud is coming.

Subject: Re:Sell Set Ups - by: Vishal B Malkan

Fri, 25 Jan 2013 01:19:37 +0530

the way HDIL crashed might not be possible to predict but the sell signals were there since 2 weeks. sell set report sent posted 10 days back.. have a look .. vishal

Subject: Re:Will the Sensex go down first and then Rise in 2013 - by: Mayur Sampat

Wed, 23 Jan 2013 22:16:52 +0530

Nifty wedge formation seen as on 23012013 first resistance 5850 it could probable head toward 5500.

Subject: Re:Potential Head & Shoulders in HINDUNILVR - by: sachin kulkarni

Tue, 22 Jan 2013 15:23:45 +0530

Hi rupesh once again good assumption.HUL is currently at 476 (4%) dn around your tgts

Subject: Re:Will the Sensex go down first and then Rise in 2013 - by: Arpit Sethi

Sun, 20 Jan 2013 23:57:25 +0530

Hello everyone , Nifty may take correction of 250 to 300 points. Then markets make its new high . Thank you

Subject: Re:Will the Sensex go down first and then Rise in 2013 - by: Nikhil Dogra

Fri, 18 Jan 2013 17:44:05 +0530

So far it has been rising, as for predictions about 2013 , a better picture might emerge by February.

Subject: Re:Potential Head & Shoulders in HINDUNILVR - by: Rupesh Solanki

Fri, 18 Jan 2013 11:48:46 +0530

http://www.atma-india.net/images/fbfiles/files/NSE_HINDUNILVR_EQ_Daily_1Year.png Thanks for your reply Sachin. An updated chart ,a conservative target of 463 can be expected.

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Thu, 17 Jan 2013 18:09:08 +0530

In the last discussion we said that a close above 5930 will take nifty to 6000 plus and a close above 6070 will take nifty spot to 6140 to 6160 levels. Yes there is negative divergence in EOD nifty spot chart but there can be multiple divergence, The previous file attached shows clearly the trend is up and further upmove may be expected. Thanks & Best regards Goutham Chand CMT

Subject: Re:Potential Head & Shoulders in HINDUNILVR - by: sachin kulkarni

Thu, 17 Jan 2013 13:46:56 +0530

Hi Rupesh, As per your chart HUL has broken neckline now and is still below it.now lets see it achieves the tgt or not?

Subject: Rising Wedge in Nifty. - by: Rupesh Solanki

Thu, 17 Jan 2013 12:18:41 +0530

http://www.atma-india.net/images/fbfiles/images/NSE_NIFTY_31JAN2013_Daily_1Year.png A complete rising wedge is clearly visible on Nifty charts.On breakdown ,major support at Uptrendline around 5875 levels.Volume is also declining into the pattern and ofcourse RSI showing divergence.

Subject: Sell Set Ups - by: Vishal B Malkan

Mon, 14 Jan 2013 10:28:04 +0530

Few sell set ups based on Patterns / Rsi / Bollinger bands and Candlesticks. Vishal http://www.atma-india.net/images/fbfiles/files/Sell_Set_Ups___13_01_13.pdf

Subject: EUROUSD RALLY FUELED BY FROTH - by: SAHIL VIJAY

Sat, 12 Jan 2013 15:22:40 +0530

The currency EUROUSD rally seems to be full of froth. I am attaching hourly and daily charts to depict that the ongoing rally might abruptly end and we can have a sharp sell off staring at us. The daily chart is showing negative divergences at multiple levels and the recent upmove in EUROUSD above 1.33 which was a potential triple top area is not accompanied with matching oscillator movements. The RSI has not been able to cross 65 levels which is a range for the bear market tops. To add to the caution, these divergences are not new. Ever since the prices have moved above 1.3155 where the RSI hit 80 levels, it has not been able to touch those levels since. The price move has also been choppy. The recent highs are accompanied with even lower RSI levels which is an alarming signal that the present rally is full of froth. Although the targets of 1.3450 and 1.3777 on the daily charts are still open but the present structure makes me cautious and weary of a possible selloff is approaching fast and those levels might never get realsed. The daily chart is also full of divergences. The price move is not supported by oscillator movements. There are too negative divergence so we may be in for down leg here to sattle the dust and take froth out of the system. http://www.atma-india.net/images/fbfiles/files/EUROUSD_12_01_13.png

Subject: RISK AVERSION KNOCKING THE DOORS – BE PREPARED FOR THE NEXT SELLOFF - by: SAHIL VIJAY

Sat, 12 Jan 2013 14:50:00 +0530

I am attaching herewith the hourly charts of US Dollar Index and EUROUSD. I am trying to draw inter market correlations or divergences whatever you may call from these two. The US dollar index on hourly charts is nearing completion of a zig-zag downward correction. I have marked the near completion of wave v of c near the bottom witnessed last night. The hypothesis is supported by the positive divergences in the RSI which is holding 40 levels i.e the support zone for bull market bottoms in RSI where as the US Dollar Index is already making new lows. This positive divergence is making the case that more sound for a sharp reversal in risk aversion and US Dollar is on the verge of a ballistic rally. The EUROUSD chart on the other hand is showing somewhat different picture. Although, it has surpassed the 1.33 level which was a contender for a feasible triple top but the price move and indicator reading are telling different story. The price move up is not supported by positive sentiment as indicators are not at higher levels. Now, this can be either of the two reasons. First, the overbought market is taking a breather and hence RSI readings are low. Second, and more likely, this rally is not supported by strong hands as the RSI is not been able to maintain higher levels. This negative divergence has potential of causing sharp sell off in EUROUSD and that too when the markets are at extreme overbought zones in the near term. EUROUSD can fall of its own weight from here. If, this hypothesis hold good, then we are in for a sharp bout of risk aversion where US Dollar index will gain at the cost of all the riskier assets like equities, riskier currencies and commodities. So, be prepared for a sharp sell off round the corner. http://www.atma-india.net/images/fbfiles/files/USDOLLAR_INEX__EUROUSD_12_01_13.png

Subject: Re:Stop Loss - by: Suryanarayana Sharma

Tue, 08 Jan 2013 13:57:29 +0530

Stop loss is a discipline and a must. This is more of a insurance to prevent capital erosion and also prevent capital from getting locked in a trade wherein it can be deployed at more appropriate entry level or another opportunity.

Subject: Re:Trading Setups - by: Suryanarayana Sharma

Tue, 08 Jan 2013 13:41:15 +0530

Dow + trend Line + volume + patterns should be good enough. The system is simple and is not subject to interpretations unlike elliot where there can be lot of ambiguity

Subject: Re:Question On Moving Average - by: Suryanarayana Sharma

Tue, 08 Jan 2013 13:36:27 +0530

Depending whether one is a short, medium or longer term trader, MAs need to be designed. More than the duration, the crossovers play a major role. These need to be looked along with the trend and patterns, if any, for confirmation.

Subject: CMT level 1 May -13 Group .... Lets help each other with discussion... - by: Aakash Bhangale

Tue, 08 Jan 2013 13:10:21 +0530

Hello fellow members... i am pursuing level 1 May-13.... Lets make a Study group and help each others out.. with doubts..

Subject: Re:Candidates appearing for Spring 2012- level-I CMT. - by: Aakash Bhangale

Tue, 08 Jan 2013 13:04:10 +0530

I have registered for May -13 exam.. is the time enough for me to finish my studies..... i will be reading all four books... are those enough... ?? please help me..

Subject: Re:Level three exams - by: stuti jain

Sat, 05 Jan 2013 12:31:53 +0530

Does anybody has a soft copy of point and figure book required in level three? And is there a existing study group for level three exam ?

Subject: Re:Question On Moving Average - by: Mayur Sampat

Tue, 01 Jan 2013 01:50:12 +0530

I use a Simple moving average of 20 i.e 20 SMA on my charts and this is how is use. If the candle close above 20 SMA line , I buy on the next candle. With target above!! and with a top loss as per Risk Management rules set, I found it useful on all time frame and have given me good results. Check it out even intra day, and do back testing for correct results. Regards Mayur Sampat

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: Gaurav Idnani

Mon, 31 Dec 2012 23:17:42 +0530

Dear Krunal, We can also create a Google group as well as a Skype group which can help us in better way to keep in touch and solve each others query if any. Regards, Gaurav Idnani

Subject: Re: Will the Sensex go down first and then Rise in 2013 - by: Manish Sarraf

Sun, 30 Dec 2012 09:14:51 +0530

Looking at various economic turmoil in coming days and looking at daily & weekly charts market looks tired and a maximum rise of 3--4% on upside but a downside of 10--15% is not ruled out. Nifty 6200--6300 levels are a possibility but at rare case. In my view a downside of 10--15% from current levels will be good for market.

Subject: Re:Question On Moving Average - by: Manish Sarraf

Sun, 30 Dec 2012 08:48:49 +0530

In my view 20, 50 & 200 MA works well for intra-day & daily charts. But one should analyze different time frame before trading.

Subject: Re: Nifty View - by: Viral Patel

Sat, 29 Dec 2012 18:10:21 +0530

On daily chart of Nifty there seems to be perfect continuation Pennant pattern if it gives sustainable close above 5909 for 3 - 4 consecutive session then likely to tangent 6250 level very soon.

Subject: Re:Question On Moving Average - by: Viral Patel

Sat, 29 Dec 2012 18:05:46 +0530

8 x 13 EMA cross over and ride either direction, (good for positional trader) 20 x 50 SMA on weekly time frame chart provides indication of trend.

Subject: Re:Question On Moving Average - by: Sangamesh K.S.

Thu, 27 Dec 2012 14:44:52 +0530

We are familiar with a popular sentence “Every trader is unique” every analyst out in market has his own tool for selecting, searching and going with his particular stocks. I experimented with various types of MA indicators and even MA. Starting from 3DMA- 300DMA, and the result is same as said by Rupesh . It will be more useful for you, if you back-test your moving with your particular script. You can use excel or amibroker to back-test your MA or you can just plot your MA on your chart and look at its performance see that your MA is near and hold good in the historical performance. As Rupesh told you even the best known MA don’t hold good always, MA tend to be too fast/slow for your script you can see that on charts. The best MA according to me are as follows 7MA,14MA,20MA,50MA,100MA,200MA you can go for EMA/SMA/WMA etc Tip: don’t change your MA frequently, which may be hectic. Choose one which you find as best. “My best moving average may not be holding good for you”

Subject: Re:Indian Gold Price looking for 6-Months Support Line... - by: Sahil Modi

Wed, 26 Dec 2012 23:01:43 +0530

As I have mentioned in Last Post, Previous week Gold has corrected sharply after Corrective move of wave B . And It looks like gold is going to complete A-B-C wave structure. Wave A= Wave C. From here, Downside looks limited as $1632-28 zone is very critical area which is also 61.8 % retrenchment level and If market sustain that support area then gold can bounce up to $1690-1700 area. [IMG]http://i49.tinypic.com zkrwz.png[/IMG] Thanks & Regards, Sahil Modi

Subject: Re:Level three exams - by: Rupesh Gupta

Wed, 26 Dec 2012 21:06:52 +0530

In CMT level 3, they test you on every count and everything among the course is important, books of all 3 levels should be read. Do go through all level Ppts of webinar taken by Mr. Malkan, he has done a great job in preparing them. Your preparation should be such that you can answer the questions immediately without wasting time. Time management is very very important during the exam.

Subject: Re:Question On Moving Average - by: Nikhil Dogra

Tue, 25 Dec 2012 19:55:23 +0530

There is no moving average that is "perfect". Its parameter is something one has to arrive on his own experiences. I can only highlight which i like to use for Analysis on Daily Timeframe . Short Term - 30 SMA Medium Term - 180 SMA Long Term - 360 SMA

Subject: Re:Soybean S may correct by 28% in near Future.... - by: Nikhil Dogra

Tue, 25 Dec 2012 18:00:02 +0530

Love the pattern , the head is a double top formation and traders would have already been short from 1570ish levels. I personally do not trade agri commodities but i can surely admire the price action :)

Subject: Re:Level three exams - by: Rupesh Solanki

Tue, 25 Dec 2012 11:04:38 +0530

HI, MTA has not specified the book wise weightage for level-3.I think all the books are equally important.I do interact with my seniors here in mumbai.most of them stress on intermarket analysis and Point & figure book.I would also like to have some more information regarding this issue from the members who have completed CMT level-3.

Subject: Re: Question On Moving Average - by: Rupesh Solanki

Tue, 25 Dec 2012 10:52:44 +0530

HI Nishesh, Moving average is a tool to smoothen eratic price changes,as every instrument has its unique volatility you cannot have a best MA for any time frame.also markets trend only about 30%-40% of the time.you can find an appropriate MA for specific instruments via trial and error. As the saying 'There is no holygrail in markets',there is no best moving average.

Subject: Question On Moving Average - by: NISHESH JANI

Tue, 25 Dec 2012 10:31:51 +0530

Good Morning To All i wants to know the best single moving average on each three time frame. Short Term Medium Term Long Term Thanks And Regards

Subject: Re:E-Library - by: Sanjay Thakker

Tue, 25 Dec 2012 09:28:21 +0530

I understand appropriate way for requesting inclusion of a book in our E-library is to send a mail on librarywishes@atma-india.net Regards,

Subject: Re:E-Library - by: Mahesh M Nair

Mon, 24 Dec 2012 19:46:06 +0530

Sir, I wish to suggest a book. "Merton Miller on Derivatives" By Merton H. Miller. It's a good book to be included in the library.

Subject: Soybean S may correct by 28% in near Future.... - by: Bhaskar Radadiya

Mon, 24 Dec 2012 18:30:40 +0530

A Link for Soybean S Analysis http:/ etwork.mta.org/mta/blogs/blogviewer?BlogKey=88061386-a140-487e-a323-871f75d14a0e

Subject: Level three exams - by: stuti jain

Fri, 21 Dec 2012 22:40:36 +0530

Hi, I would be appearing for level three exam this May so I wanted to know which book should I start from and how do I go about it. Which books should I lay more stress on.

Subject: GUEST LECTURE REQUIRED - by: Mahesh M Nair

Thu, 20 Dec 2012 20:13:10 +0530

Hi all, I would like to know if anybody can take a guest lecture on the topic "Accounting for Derivatives" at my institute "National Institute of Securities Markets,Navi Mumbai". It would be my pleasure to invite the person interested in the aforesaid to my Institute. Regards, Mahesh M Nair National Institute of Securities Markets (by SEBI) Vashi, Navi Mumbai Mob : 9892245101

Subject: Re:Symmetrical Triangle Breakout in IFCI - by: sachin kulkarni

Wed, 19 Dec 2012 10:41:40 +0530

Hi Rupesh once again good observation and assumption.your tgt of ifci is acheived.

Subject: USDINR CORRECTIVE RISE NEARING TERMINATION - by: SAHIL VIJAY

Tue, 18 Dec 2012 18:25:05 +0530

USDINR CORRECTIVE RISE NEARING TERMINATION The rupee has been in an uptrend of its own of late and once it looked as if it was going to breach 54 to a test of 53 but in a couple of days it has kissed 55. That’s the beauty of the beast and we must acknowledge and be humble up against the master i.e the market. I am attaching herewith hourly chart depicting the pressure on rupee might be nearing its climax and the big bang down (appreciation) is round the corner. The hourly chart shows that it has taken abc-X-abc complex corrective form and is nearing the completion of wave b up with in the complex corrective combination. I think there is still some steam left in the upmove and it might kiss or cross the upper trend line of the channel but it’s the fifth of fifth of c so dramatic reversal and down move is round the corner. My view is made stronger by the divergence in RSI and price movement which generally happens in the ultimate stages. RSI could not break above 65 levels although rupee tested 55 odd level. All in all, whether we have seen the up or not is anybody’s guess but we are nearing the completion of wave b which will kick start the wave c down towards much lower levels. http://www.atma-india.net/images/fbfiles/files/USDINR_18_12_12.png

Subject: Re:Indian Gold Price looking for 6-Months Support Line... - by: Sahil Modi

Sun, 16 Dec 2012 15:33:28 +0530

Hello, Very Nice Post Bhaskar !! Its really big question For a while ...Whether Gold will be in range of $1500-1800 and repeat same story or this time next leg down ? [IMG]http://i47.tinypic.com/v7z40p.png[/IMG] Thanks & Regards, Sahil Modi

Subject: Re:Shooting Star Pattern in Crude daily - by: Nikhil Dogra

Sun, 16 Dec 2012 11:35:28 +0530

Hello sir, I honestly don't have an opinion in crude oil , i am just reflecting what my chart is telling me to do. I just follow it. More often than not it is right. As an analyst i may have a different view but i prefer following my chart and i rely more on trend continuation rather than reversals. I feel having different timeframe charts are helpful. This is Daily , perhaps a live timeframe may even hedge a position if it signals a opposite point of entry to the main Daily based position. [IMG]http://i46.tinypic.com/f87co.png[/IMG]

Subject: Re:Shooting Star Pattern in Crude daily - by: Natarajan Visweswaran

Sat, 15 Dec 2012 18:42:22 +0530

Can u kindly explain Why Crude is a Positional Sell or BUY Technically? so that i could learn some points from u Regards VN

Subject: Re:Shooting Star Pattern in Crude daily - by: Nikhil Dogra

Fri, 14 Dec 2012 20:49:18 +0530

I bought crude oil on decline and the position was closed at a minor loss. Crude Oil for me now is Sell on Rise in terms of a positional hold ,but as a trader, as always both sides opportunities are always present Intraday.

Subject: Indian Gold Price looking for 6-Months Support Line... - by: Bhaskar Radadiya

Thu, 13 Dec 2012 12:26:32 +0530

It was a time of End-November when Gold trading in Indian markets trading around 32400 level. It was the same level when the Price has been cracked down from 32400 to 30370 level. The level of 30370 was 61.8% zone of last bull move of 29150-32400 series. At presently, the Gold Price behavior in Indian Physical and derivative markets looking for a support at 6-months trend line and the as per current treading behavior, it's should be around 30900 level. We've lots of hope from this upward slanting line because once the line break, a 'panic' can be melt the Golden Shine of Gold in Local Markets. The chart attached with discussion showing two possibilities for Gold Price; 1) Price test 3rd Point of Trendline and Reverse back for Triple Top at 32400 (a Case of Ascending Triangle) and 2) Price break the Trendline support and create "Big M" with 29150 level soon.... So, first of all let price test 3rd point at 6-months support line... http://atma-india.net/images/fbfiles/images/India_Gold_3.JPG

Subject: Re:NIFTY/ GOLD/ INR - by: Sahil Modi

Tue, 11 Dec 2012 23:25:56 +0530

Nifty at key hurdle of 5960 which is multiple Resistance Zone and 79.1 % retrenchment area. [IMG]http://i48.tinypic.com/zim64z.png[/IMG] It looks like it is going to complete W-X-Y-X-Z Corrective Wave. [IMG]http://i50.tinypic.com/wche.png[/IMG] Thanks & Regards, Sahil Modi http://www.atma-india.net/images/fbfiles/files/Nifty_Weekly_Chart_5960__79.png

Subject: Negative Reversal (RSI) in S&P 500. - by: Natarajan Visweswaran

Tue, 11 Dec 2012 12:22:53 +0530

S&P 500 NEAR MEDIUM TERM (50 SMA) RESISTANCE LEVELS, PULLBACK LIKELY TO 1370-1360,NEGATIVE REVERSAL IN RSI(14) S&P 500 has pulled back near its 50 sma (simple moving average). This average has acted as Support or Resistance level for the short to medium term quite well. The 50 sma is slanting downwards. Negative Reversal in RSI (14) has formed between early November and late November 2012. Retest near the recent lows of 1343 or 61.8% retracement near 1372 is possible. The negative formation would be negated if s&p500 trades above its recent pivot above 1435 http://atma-india.net/images/fbfiles/files/Negative_Reversal_in_RSI.doc http://atma-india.net/images/fbfiles/images/SP_500.png

Subject: Re:CMT 3 passss ...... - by: Mayur Sampat

Mon, 10 Dec 2012 00:26:46 +0530

I fully agree there should be 1 lecture as intro to CMT and how to go about the same,or may a webinar to will be fine. Regards Mayur Sampat

Subject: Potential Head & Shoulders in HINDUNILVR - by: Rupesh Solanki

Sun, 09 Dec 2012 20:04:32 +0530

A potential Head & Shoulders seems to be forming in Hindunilver.On daily charts an uptrendline is broken.There is rangeshift in RSI as it faced resistance at 60 levels and turned to downside.Relative strength basis it has broken support level held at neckline in RS chart and needs to be confirmed in price chart.couple of bearish signals on the shoulders.Volume was also on the lower side in the formation of Head. On Weekly charts Negative Divergence is seen in RSI and a Trendline break in RS chart giving early warning signals of a similar break on price charts. The Bearish formation is still not complete hence have to wait for a confirm break-out of neckline. Feed back from senior members will be highly appreciated. http://atma-india.net/images/fbfiles/images/HINDUNILVR_WKLY.gif http://atma-india.net/images/fbfiles/images/HINDUNILVR.gif

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Sun, 09 Dec 2012 13:16:34 +0530

Spot nifty closed at 5930.90 in this week, in the previous discussion it was said that above 5930 we can see 6000 plus, Nifty spot made a high of 5949.85 but the close was only at 5930.90 Once nifty spot closes above 5930 we will surpass 6000 and a close above 6070 will take nifty to 6140. My call is we are in the 5th of 5th wave from 4770 Thanks & Best regards Goutham Chand CMT

Subject: Re:CMT 3 passss ...... - by: Vaibhav Chudasama

Fri, 07 Dec 2012 22:33:10 +0530

first of all congratulation to all who have cleared CMT. Now its time to advise and guide the other CMT pursuing student. I think ATMA or anyother person should conduct 1 guidance lecture .

Subject: Re:CMT 3 passss ...... - by: Sumeet Jain

Fri, 07 Dec 2012 11:00:16 +0530

Congrats to all who have passed !! Pls share your studying techniques so that it benefits everyone. Regards

Subject: Re:CMT 3 passss ...... - by: Mayur Sampat

Thu, 06 Dec 2012 19:02:38 +0530

Congo.... to all passing CMT, please share your experience ..and guide the new students regards Mayur Samapt

Subject: Re:CMT 3 pass - by: sachin kulkarni

Thu, 06 Dec 2012 17:18:23 +0530

Congrats Madhav and wish you all the best for future prospects.

Subject: Re:CMT 3 passss ...... - by: sachin kulkarni

Thu, 06 Dec 2012 17:17:21 +0530

Congrats Natrajan and all the best for future prospects.

Subject: Re:CMT 3 passss ...... - by: Vishal B Malkan

Thu, 06 Dec 2012 15:45:47 +0530

Congrats to all of you... great show... now, all of you need to help those who are aspiring to become CMT and take active part in ATMA initiatives. now its payback time guys mail me separately on what responsibilities you would like to take and how much time u can devote per month. accordingly will give you the responsibilities. thanks Vishal

Subject: Re:CMT 3 pass - by: Madhavprasad Pai

Thu, 06 Dec 2012 15:37:30 +0530

Hello, I am glad to inform that I have passed the CMT Level 3 exam Best regards, -- Pai

Subject: Re:CMT 3 passss ...... - by: Natarajan Visweswaran

Thu, 06 Dec 2012 11:00:57 +0530

Congrats Mahesh. Me too cleared CMT. I would like to mention Special thanks to Mr. Vishal Malkan. To be true to myself i cleared level 2 becuase of his notes. Atlast but not the least to my freind Mr.SumeetJain who forwarded the notes in my email id just a day before the exam. Thanks to ATMA Regards Natrajan

Subject: Re:CMT 3 passss ...... - by: sachin kulkarni

Thu, 06 Dec 2012 09:15:39 +0530

Congrates Mahesh and all the best for future prospects.

Subject: CMT 3 passss ...... - by: Mahesh Awate

Thu, 06 Dec 2012 00:47:21 +0530

guys , CMT 3 pass ................................yesssssssssssssssssssss :)

Subject: Re:Shooting Star Pattern in Crude daily - by: Nikhil Dogra

Wed, 05 Dec 2012 09:38:30 +0530

Seasonally Speaking its that time of the year where being Long Crude oil Pays Off. I am a buyer if it declines.

Subject: Shooting Star Pattern in Crude daily - by: Natarajan Visweswaran

Tue, 04 Dec 2012 18:13:47 +0530

Shooting Star Pattern in Crude daily Crude Rejecting Higher Prices at 90 $. Likely to fall to lower end of Trading range near 84$. Market Price 88.7$ . Pattern failure if trades above 90.3$ Crude is inside a range between 84 and 90 $ in the daily charts for over a month. This is the third time Price is facing resistance near 90$. False Breakout from the trading range yesterday assures Bearish traders to go short with stop above 90.3$ Downside targets could be between 84.8 and 84 $. http://atma-india.net/images/fbfiles/files/Shooting_Star_Pattern_in_Crude_daily.docx http://atma-india.net/images/fbfiles/images/crude.gif

Subject: RUPEE TO PAUSE A BIT BEFORE HITTING 53.4-52.75 ZONE - by: SAHIL VIJAY

Mon, 03 Dec 2012 13:58:49 +0530

USDINR – THE RUPEE TURNING THINGS AROUND BUT TO CONSOLIDATE TOWARDS 55.10 AND THEN FALL TO 53.40 OR 52.75 ODD Same as in the case of Eurousd, I would like mention the pitfalls caused by nerves and how one sided approach can destroy objectivity and cause wrong decisions. I am starting with a confession that I did not believe in what I saw in the hourly charts and having to pay price for that. I am attaching hourly and daily charts. First, have a look at the hourly chart. The previous up move was well channeled except the last move up when it hit 55.79. I should have been warned but I kept optimism and had to pay hefty price and then when it was most unexpected, it broke the lower channel line. After that, it has completed a zigzag correction and is trying to recover from oversold territory. I think it can retrace back to 55.05-10 odd levels where it shall confront with confluence fibonaci zone of retracements. The daily charts shows the overall correction might not be over yet. The rupee has taken support at around 38.2% retracement of the previous up move though the zigzag correction is over but it looks like rupee has enough room to strengthen from here if global risk appetite stays well. Rupee can strengthen toward 50%-61.8% retracement zones to around 53.40-52.75 odd levels. http://atma-india.net/images/fbfiles/files/USDINR_03_12_12.png

Subject: THE EURO BULLS TIRING FOR A BREAK TOWARDS 1.29 BOFORE CLIMBING TOWARDS 1.35-1.38 ZONE - by: SAHIL VIJAY

Mon, 03 Dec 2012 12:04:26 +0530

THE EURO BULLS TIRING FOR A BREAK TOWARDS 1.29 BOFORE CLIMBING TOWARDS 1.35-1.38 ZONE The most interesting thing about markets is that they never hesitate to amuse and make the most of one’s greed and fear. Before, getting on with the analysis, I must admit, I have been caught off guard by the market despite having analysed the EUROUSD properly but off guard by a few days and a few points. I was looking for EUROUSD to bottom around 1.2750 odd levels but it bottomed at 1.2666 which made be bear and I threw my own analysis out of the window and got bearish. The recovery was overlapping and I took the easy way out to quote it as corrective but the move of last week makes me reconsider my wave count and it’s a perfectly impulsive move up. I have taken your time before starting my analysis as I wanted to share sincere thoughts that there is much more to master in the markets besides reading charts alone. There is an inbuilt enemy within us which needs to be conquered first and then have objective mindset to be on the right side of the markets. I am attaching daily as well as hourly charts here. The daily chart is the same which I repeatedly used when EUROUSD was around 1.2750 to quote bottom in place. The markets completed flat correction from 1.3150 to 1.2666 and has completed waves A & B and now started wave C up. The overall targets can be 1.3777 if Wave C = Wave A which is also around the 61.8% retracement level of the previous fall but before that it can get stiff resistance at 50% retracement around 1.3490-1.3500 odd levels. Now, looking at the hourly charts. I am taking an aggressive call or a punt here which is more derived from divergence between price and RSI movements. I am looking at topping of wave 1 of C very near and Wave 2 of C to correct around 38.2% of the rise around 1.2880-1.29 which is also the end of the previous fourth wave. Though the present hourly analysis can end up been completely wrong but the divergences in price and RSI are compelling me for a short term blip here in the EUROUSD move. The RSI has struck around 65 zone which is more alarming as this is the resistance zone of bear market rallies and RSI can not get struck here if the prices have to rise further. So, take a break and wait for a mild correction and consolidation in EURO before taking longs for 1.35-1.38 zone. http://webmail.atma-india.net/images/fbfiles/files/EUROUSD_03_12_12.png

Subject: Symmetrical Triangle Breakout in IFCI - by: Rupesh Solanki

Sat, 01 Dec 2012 17:59:02 +0530

A Classic text book type symmetrical triangle is observed in IFCI price chart as well as Relative strength chart.There is also a decline in volume throughout the formation and increase in volume on breakout.A conservative target of 37 can be expected at Trendline resistance. http://www.atma-india.net/images/fbfiles/files/IFCI_LTD.gif [file

Subject: Re:Charts from world over - by: Nikhil Dogra

Fri, 30 Nov 2012 19:09:48 +0530

Copper made 5 week highs yesterday. I like to call Copper Dr. Copper because of its ability to forecast economic turns plus news flow out of China at face value do seem encouraging. Bears would start to hibernate IF this starts to run aggressively. On MCX i would call this move upward as Short Covering on simple logic that Open Interest fell while the prices rose. "Next" Contract (28th Feb) OI increased, as far as i can tell is that disagreement between Bulls & Bears is increasing and its still to early to tell whether Fresh Longs entered the system for the way i trade but Last weeks COT Report does show that exposure of Funds in Commodities increased for the first time since September. My Bullish stand will begin to negate step by step if Copper falls below INR 422.30-420.75.

Subject: Re: Nifty View - by: Rupesh Solanki

Thu, 29 Nov 2012 22:42:48 +0530

http://www.atma-india.net/images/fbfiles/files/SP_CNX_Nifty.gif Simple Trendlines at work.Next target at 5900 which is the width of the rectangle.

Subject: Re: Nifty View - by: sachin kulkarni

Thu, 29 Nov 2012 20:44:18 +0530

Hi rupesh, good observation and assumption.your first tgt is acheived today.

Subject: RECTANGLE FORMATION in jbchempharma - by: Natarajan Visweswaran

Thu, 29 Nov 2012 18:43:10 +0530

JBCHEMPHARMA looks to have made a Rectanle formation in its daily chart. Kindly find the file attached. Would like to have the view of others also. Just share what u think on this chart. http://www.atma-india.net/images/fbfiles/files/rectangle.doc

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Kapil Tandon

Thu, 29 Nov 2012 16:59:03 +0530

No change in my analysis or view given 5 months back in this forum and repeated several times there after. Analysis and targets remain as given below on the post made 5 months back on this atma forum. http://www.atma-india.net/component/option,com_kunena/Itemid,10/catid,19/func,view/id,435/limit,6/limitstart,54/ At no point in this current rally has daily regression trend channel broken and its carrying on within it in a beautiful by the book manner. Kapil Tandon.

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Wed, 28 Nov 2012 19:33:30 +0530

As expected nifty moved up and now it has closed above 5655, written earlier. Spot nifty in hourly chart had formed inverse head and shoulder and the target was 5740 , it has almost reached the target and in the Weekly chart it looks like an Flag pattern , If the Spot nifty closes above the trend line at 5750 on weekly basis then we may easily surpass the previous high of 5815 , then to 5930 and 6000 plus. file attached http://www.atma-india.net/images/fbfiles/files/Nifty_Spot.doc

Subject: EURO RIDE ALMOST OVER, GET READY FOR A MASSIVE BOUT OF RISK AVERSION - by: SAHIL VIJAY

Tue, 27 Nov 2012 14:06:45 +0530

EURO RIDE ALMOST OVER, GET READY FOR A MASSIVE BOUT OF RISK AVERSION The markets are shouting exit longs in euro and favor greenback. I am attaching hourly charts of Dollar index as well as Eurousd. The message is very clear and loud. Get out of the way of risk aversion. We are nearing a sharp bout of volatility and downward movement in Eurousd and jump up in Dollar Index. First, lets discuss the Dollar Index. It seems to be completing five waves down in hourly charts with divergences in price move and RSI. Though the fifth wave down can extend a bit but the divergences are depicting that Dollar Index is bottoming out. The EUROUSD chart on the other hand has had a massive rally kissing 1.3000. I must admit I was too early in calling bottom around 1.2750 which eventually happened at 1.2666 and then I thought top to occur around 1.29 but it has surpassed it by 100 pips. Anyways, the EUROUSD chart is perfect text book types throwing tremendous amount of information. First, the pattern looks to be completing an ending diagonal triangle around the end of wave c corrective rise. This confluence in itself means massive selling is round the corner. Now, looking at the RSI which is depicting huge divergences. Not only this, the RSI is on the verge of comleting H & S pattern, and recently when euro tried to kiss 1.3000 mark third time, the RSI could rise to only 65 odd levels which is bear market top. So, possibly all the ill omen is present in the RSI patterms. Look for the follow through of bearishness by the price and go short on EUROUSD and long Dollar. Look for retest of previous lows and them to be broken for a test of around 1.2550-1.2490 odd levels. If we, draw confluence with USDINR, it also completed zigzag correction in hourly charts and is poised to climb above 56 may be for 56.50 first and then all time highs.( chart not shown). All in all, EURO RIDE ALMOST OVER, GET READY FOR A MASSIVE BOUT OF RISK AVERSION http://atma-india.net/images/fbfiles/files/EURO_RIDE_OVER_GET_READY_FOR_A_MASSIVE_BOUT_OF_RISK_AVERSION.png

Subject: Expanding Diagonal Patterns - Do they really exist? - by: Ashakur Khan

Mon, 26 Nov 2012 10:29:25 +0530

As a beginner of Elliot wave analysis I feel very perplex when I try to count wave in any chart. Sometimes I redraw several times but no confidence level grows. However, at this time, I would feel very relaxed in counting if I could draw wave “C “as an expanding diagonal and in some case “C” wave as a triangle. But should we go beyond the rules? Elliot wave experts please share your views in this regard. There are two wave links I have found by search. Could you please tell the reliability of such ideas in the web has introduced…? http://www.wavetrack.com/articles/elliott-wave-expanding-diagonal-patterns.html http://www.wavechart.com/diagonaltriangle.htm

Subject: Ranbaxy - Rectangle-RSI-Bands - by: Vishal B Malkan

Mon, 26 Nov 2012 09:45:25 +0530

Attaching a report on ranbaxy with rectangle breakout with RSI bearish Range shift and taggin bollinger bands with volume .. comments welcome.. Vishal http://www.atma-india.net/images/fbfiles/files/Ranbaxy_Labs___25_11_12.pdf

Subject: Lions Hunted Mercilessly Post QE 3 Announcement - by: Brijesh A Soni

Sun, 25 Nov 2012 22:18:13 +0530

[center][size=4]Lions Hunted Mercilessly [/size][/center] [center]Managed Money Managers & Speculators Shredded by Estimated $ 250 Million Post QE3[center][/center][/center] [center] As expected the Gold Price Low made on Friday 3rd 2012 of $1674.7 proved as exhaustive move by Money Managed Managers & Speculators in closing down losing longs that were added Post QE 3 . In the reporting week 1st November – 6th November that consists of the mayhem on Friday 3rd with exceptional volume of 35000 odd lots, Commercials have Closed their 15019 profitable Shorts. Just a short glimpse of an estimated profit made by Commercial Traders post QE 3 keeps my mind wondering how strong traders should follow the Informed Players rather than behaving in a herd manner. Post QE 3 commercials have squared up 54524 Shorts with an approx estimated profit of $ 250 Million from a $121 move in Gold prices. The Cycle of Squaring up Shorts by commercials ended in the reporting week of 7th November – 13th November by adding 16037 shorts. The prices headed higher as expected from $1674 Low to Intra week $1738 High. This change in the modus operandi of Commercials suggested prices are headed higher where they can short the market for future gains. Last week rumors of Greece Bailout Program attainment to a resolution soon fueled the expected bull run in prices to new Short Term high of $1754.5 a major resistance from last move lower, breaching minor resistance range of $1734-$1736. COT report for the last week is delayed till 26th Nov 2012 due to holidays in between, though it suggests that Commercials would have resisted in shorting market due to low volume trading. Next week seems due for a short correction before continuing the move upwards. Its strongly suggested in present situation that Gold Prices are headed higher towards $1770-1774 resistance range before testing the recent highs of $1797 levels. Do expect volatility at its extreme as Year End approaches with a 3 month cycle ending in 2nd week of December. [/center]

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: Gaurav Idnani

Sun, 25 Nov 2012 19:56:32 +0530

Dear Krunal, It was nice talking to you. I was already inn for this idea of creating a study group for CMT level 2. I hope we find few more students here which will help us for preparation or probably sharing of notes and can discuss on the various topics which will help us. Regards, Gaurav Idnani

Subject: Re:EURO UP BUT NOT FOR TOO LONG - by: Manish Dewan

Fri, 23 Nov 2012 22:45:49 +0530

Regards, http://www.atma-india.net/images/fbfiles/files/EUR_USD.jpg

Subject: Re:TRIANGLE PATTERN FORMATION IN USHAMARTIN DAILY - by: Nikhil Dogra

Fri, 23 Nov 2012 19:43:06 +0530

The longer the duration of a triangle lesser is the reliability of its breakout, generally speaking they fail more than 34% of the time and more the delay in their breakout more is the probability of them failing.

Subject: Re:EURO UP BUT NOT FOR TOO LONG - by: sunil pillania

Thu, 22 Nov 2012 23:23:26 +0530

http://www.wavetimes.com/wp-content/uploads/2012/11/EUR-Nov14a.jpg

Subject: Re:TRIANGLE PATTERN FORMATION IN USHAMARTIN DAILY - by: Rupesh Solanki

Thu, 22 Nov 2012 23:19:19 +0530

Hi Natarajan, Regarding Triangle duration kindly refer to Page 741 of Thomas N Bulkowski Encyclopedia of chart patterns,2nd edition .it states as follows: Average formation length. The average triangle length from start to end (a few days before the breakout due to the way they were drawn on the computer) ranges from 53 to 69 days. Triangles with upward breakouts tend to be slightly longer than are those with downward breakouts. The charts in this book are of 2-3 months duration.

Subject: EURO UP BUT NOT FOR TOO LONG - by: SAHIL VIJAY

Thu, 22 Nov 2012 18:35:00 +0530

I have had been maintaining bullish stance on EUROUSD for some time and though it has retraced up a bit but the up move is far from convincing due to the following reasons : I am attaching hourly and daily charts of EUROUSD. First on the hourly charts, the upmove is anything but not impulsive. In the hourly charts, the fifty wave looked truncated one and is on the verge of completing an upward zigzag (abc) correction for which 1.2880-1.2920 range should be the target zone. The RSI is already kissing overbought trajectory. Although the EURO is up but its rising in an overlapping manner which is indicating we are not ready for a much rise from here on. On daily chart, I thought 1.2750 odd zone which was also important Fibonacci confluence zone was the crucial support zone but it broke temporarily to hault at 1.2666 and not the whole rise including truncated fifth wave( on hourly charts) is suggestive of much downside to come. On the daily charts, we are very near 23.6% retracement of overall rise from 1.2044 to 1.3155 which is 1.29 odd levels and we should possibly hault here and fall to complete longer fifth wave down towards 1.2555 ( if wave 5 equals wave 1) or towards 1.2480 if it retraces 61.8% of the overall rise from 1.2044 to 1.3155. Above all, we are going through a truncated session as today is US holiday, so the it’s a good session to squeeze the shorts and we are around the corner to start next big leg down. All in all, the EURO bulls have to get out of the way from a big sell off. As the rise from 1.2666 is near termination. This can lead to sell off in other riskier assets as well. So, guard against it before the bear takes on. http://69.195.98.168/images/fbfiles/files/EUROUSD_22_11_12.png

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Thu, 22 Nov 2012 17:19:35 +0530

Spot nifty has not closed below 5565, In the same discussion column 3 weeks back we have mentioned that the first support could be 5565, A close below this level will take nifty spot to 5520 . Spot nifty went below 5565 but did not close below this level, The lowest close was around 5570. Now if nifty spot closes above 5655 , Market may move higher, may be even to previous top. we will be bearish only on a close below 5565 Best Regards Goutham Chand CMT

Subject: Re:TRIANGLE PATTERN FORMATION IN USHAMARTIN DAILY - by: S M GOUTHAM CHAND

Thu, 22 Nov 2012 17:04:38 +0530

I Think there is no time limit for any pattern break out, The break out should be between 2/3 rd or 3/4th of the size of the triangle, I think this could be taken more as Double bottom, where the second bottom may be equal or marginally high or low, The Volume near the second bottom is less, It is accepted. I Feel a weekly close above 33 will be rewarding. A weekly RSI is also showing positive divergence. Goutham Chand CMT

Subject: Re:TRIANGLE PATTERN FORMATION IN USHAMARTIN DAILY - by: Natarajan Visweswaran

Thu, 22 Nov 2012 16:35:35 +0530

Hi rupesh, Thanks for ur comments. There is no specific time span of 3months or so, According to edwards and magee book. Infact in their given examples the patterns is of 10 months also. Correct me if i am wrong.

Subject: Re:A Critical point for the Dow Jones Industrial Average - by: ROHIT SRIVASTAVA

Thu, 22 Nov 2012 10:34:45 +0530

Dollar index found support on the 20 month average after all the QE news. I wonder if its a sign of strength. Did a leading diagonal in wave 1 complete prior to that and wave 2 courtesy QE. Then wave 3 should be the case till 80 as a support holds. A larger H&S maybe forming as well over 8 years. http://atma-india.net/images/fbfiles/images/WaveChart-20121122.png

Subject: Re:TRIANGLE PATTERN FORMATION IN USHAMARTIN DAILY - by: Rupesh Solanki

Thu, 22 Nov 2012 09:49:03 +0530

http://www.atma-india.net/images/fbfiles/files/Usha_mart.docx HI Natarajan, I would like to differ with respect to your view.According to text books Triangle should not take more than 2-3 months in duration.(unless you are analysing according to elliot theory).I do not see any triangle . My analysis is as follows: According to my view,the stock has penetrated the major trendline drawn from 97 levels.and now is trading sideways in a broad range of 22-33 levels.the stock is facing resistance at its 52Week EMA.It is also underperforming the nifty on relative basis.RSI Weekly is still in bearish zone below 60 and there is a potential negative reversal. My view is that the stock will consolidate within this trading rectangle of 22-33 for some time.

Subject: Re: Nifty View - by: Rupesh Solanki

Wed, 21 Nov 2012 22:31:45 +0530

Nifty Cash has tested support on its Rising Trendline drawn from 4800 levels.Strong support exists at Breakout gap between 5450-5525 zone. Fibonacci retracement of 50% & 61.80% also re-enforces the gap support at 5517 and 5547 .The RSI is above 40 levels in bullish range.Looking at all these signals ,one can initiate long positions at current levels with a stop below 5500 for a 1st target of 5800. http://www.atma-india.net/images/fbfiles/files/NIFTY_VIEW.docx

Subject: TRIANGLE PATTERN FORMATION IN USHAMARTIN DAILY - by: Natarajan Visweswaran

Wed, 21 Nov 2012 18:02:58 +0530

TRIANGLE PATTERN (DESCENDING) BREAKOUT IN DAILY CHARTS OF USHAMARTIN. http://www.atma-india.net/images/fbfiles/files/TRIANGLE_PATTERN_ushamartin.doc

Subject: Re:Dragonfly doji Pattern in Reliance Industries - by: Santosh Kaluskar

Wed, 21 Nov 2012 01:02:14 +0530

I would like read Reliance chart as: Are we near any supports: Yes-Earlier Lows Do we have any Reversal signals: Yes: Dragonfly Doji/Hammer So here we have a good Long trade based on R:R why not take it, as far the trend is concerned Ofcourse its not the ideal place to go longs based on RSI (below 40 )& basic trend studies,But RR is favouring the trade going long... At the End of the day a traders Goal is to make Money with Minimal risk as possible.. Which i find it in this trade.. :) Comments appreciated ! regards.. Santosh http://atma-india.net/images/fbfiles/images/RIL.png

Subject: Re:USD/INR - by: Manish Dewan

Tue, 20 Nov 2012 19:14:23 +0530

I observed today a 5 period positive reversal developing in 8 hour chart for a target of 55.23. Let's see how the wave count develops. Thnx. for the update Rohit. Regards

Subject: Re:USD/INR - by: ROHIT SRIVASTAVA

Tue, 20 Nov 2012 17:43:16 +0530

I think the rupee is extending in wave iii in the short term as well. Tried looking for a retracement some time back but its not going to work. Look at the rally back in March to May as well. USDINR has the habit of going vertical once it starts off. Very few subdivisions of larger degree occur. In fact a simple MA is good enough for trend followers; so strong is the trend.

Subject: Re:Dragonfly doji Pattern in Reliance Industries - by: Natarajan Visweswaran

Tue, 20 Nov 2012 17:41:19 +0530

1.Series of higher highs and higher lows forming an uptrend could be seen May 2012 in the daily charts of reliance. So i think its in Uptrend. 2.I accept that any pattern needs confirmation. But as Dragon fly doji is a variation of Hammer. For Hammer according to steve nison book confirmation is not overly emphasied. 3. Third the pattern low of Dragon fly doji is at 760. CLOSE BELOW 760 would negate the pattern. The pattern may work or it might fail , but saying just there is no trend in ANYTIME FRAME cannot be accepted .

Subject: Re:Bank Nifty Analysis on 3 time frames - by: Vishal B Malkan

Tue, 20 Nov 2012 16:49:39 +0530

i would like differ on the chart attached has a flag pattern as the most imp part of flag pattern is the volume which is not visible as per the pattern requirement.. also the time difference between pole and flag doesnt match as per the pattern criteria.. lastly if it retraces by more than 38%, it no more qualifies for a flag pattern.. regards vishal

Subject: Re:Dragonfly doji Pattern in Reliance Industries - by: Vishal B Malkan

Tue, 20 Nov 2012 16:41:58 +0530

first and foremost to see in the stock is the trend. there is no uptrend in reliance on any timeframe to consider a long trade. Any single candle pattern, especially involving shadows need confirmations the next day by trading above the high and closing. if it doesnt happen the next day then the significance reduces as more days pass by. also rsi(14) is well below 40 which is not encouraging to take a fresh long trade. at the most above the high can exit shorts. regards Vishal

Subject: Re:Dragonfly doji Pattern in Reliance Industries - by: UDIT PALIWAL

Tue, 20 Nov 2012 10:42:57 +0530

Hi Natarajan, Japanese Candlestick patterns require confirmations. For this dragonfly doji formation, a bullish closing is must for confirmation a white candle per se. As far as RSI is concerned, it may remain in oversold zone for long time. Happy analyzing.... :) Seniors in technical analysis pls correct me if I am wrong...

Subject: Re: Dragonfly doji Pattern in Reliance Industries - by: Jagdish Ahuja

Mon, 19 Nov 2012 19:52:47 +0530

Yes it seems likely ,but take a chance >778

Subject: Dragonfly doji Pattern in Reliance Industries - by: Natarajan Visweswaran

Mon, 19 Nov 2012 19:09:40 +0530

Reliance Industries. Market Price 775 Target 820 Dragonfly Doji. Bullish Reversal short term pattern near the Rising trend line support makes this stock a great Buying opportunity for Bulls with good reward to risk ratio. Relatively higher volume in today’s sessions signifies the importance of support near 760 odd levels and may be bargain hunting by bulls. RSI (20) is near the zone of support near 40. Stops should be placed below 760. Probable target near 820 levels in the near term (Could not attach the image file, kindly check the document attached) http://atma-india.net/images/fbfiles/files/Dragon_fly_doji.doc http://atma-india.net/images/fbfiles/images/RELIANCE.JPEG

Subject: Re:USD/INR - by: Manish Dewan

Mon, 19 Nov 2012 18:17:10 +0530

Ananth...Although I don't have a final no. in mind but I do agree with you on the broader direction of Rupee. I too think that it has a long way to depreciate. My bad.... I should've mentioned that analysis in my last post was for shortterm time frame only. Sorry for any confusion. Regards

Subject: Re:USD/INR - by: Ananth Acharya

Mon, 19 Nov 2012 17:32:32 +0530

OOps! I am inclined to think the other way. While you could be correct on the RSI and we may see a short Dip, I am of the opinion that US$INR is headed towards 62/67/90/108 At this stage, it does look foolish to quote these numbers, but then thats what the chart is indicating. I will post the chart later tonight as unable to upload the chart right now ANANT

Subject: Re:Bull traps + RSI Range Shift - by: CFA Krunal Dedhiya

Mon, 19 Nov 2012 16:02:48 +0530

Post US Election, the downtrend in equity has started. The index might loose less due to support of some defensive heavyweights, but most midcap stocks will see good correction.

Subject: Re:Books wanted ... - by: CFA Krunal Dedhiya

Mon, 19 Nov 2012 15:51:41 +0530

Dear Friends, The downloading books from websites like this violates copyrights & MTA code of ethics as well. Insist on getting original books instead. At first the price might seem high, but the knowledge you gain is simply invaluable. These are the best books available on TA & are recommended time & again by top analysts. The authors shall get royalty for their work.

Subject: Re:USD/INR - by: SAHIL VIJAY

Mon, 19 Nov 2012 14:21:46 +0530

Very likely sir. With RSI giving strong divergences and getting locked up at 65 level when rupee is at the highest levels of this up leg, the stage is set for a sharp reversal. Hope for a reversal today itself and a sharp move down.

Subject: USD/INR - by: Manish Dewan

Mon, 19 Nov 2012 12:05:16 +0530

Rupee seems to completing 5 wave impulse move (signaled by -ve divergence on RSI), confirmation below 54.85. The downside targets 53.75 (38.2% retracement level, starting point of ending diagonal) to 53.3 (50% retracement level). Regards http://www.atma-india.net/images/fbfiles/files/USDINR.jpg

Subject: Re:Books wanted ... - by: Bhavesh Chedda

Mon, 19 Nov 2012 10:38:00 +0530

pdfbook.co.ke seems to be a good site but i cannot assure about the violation of copyrights and i dont want to be breaking/violationg MTA code of ethics

Subject: Bull traps + RSI Range Shift - by: Vishal B Malkan

Mon, 19 Nov 2012 01:00:02 +0530

Attaching a report on Bull Traps seen last week on many charts. share you comments and feedback. http://www.atma-india.net/images/fbfiles/files/Bull_Traps___18_11_12.pdf

Subject: Re:Position Sizing - by: Sumoy Goswami

Mon, 19 Nov 2012 00:54:18 +0530

Position Sizing, indeed is the single most important parameter for any trading system. While designing a trading system, 95% people are actually looking for a 'safe' entry signal,which unfortunately, does not exist. In fact, entry has only 10% weightage in any good trading system. It is the quality of exit strategy, combined with a good position sizing logic that separates a good system from a bad one. Dr Van Tharp happens to be the final authority in this regard & I borrowed the above lines of wisdom from his book titled ' Definitive Guide to Position Sizing ' , which should quench your thirst. His other titles called 'Super Trader' or 'Trade your way to Financial Freedom' are also gems. And forget not to check his website www.iitm.com as well. Good Luck. Sumoy, Kolkata

Subject: Position Sizing - by: Nikhil Dogra

Sun, 18 Nov 2012 14:10:39 +0530

How can one derive an appropriate position sizing algorithm to incorporate in one's trading system ? I would appreciate if one can recommend some text/books explaining this concept in detail and serve as a guide for further research.

Subject: Re:Original Books - by: Hitesh Padia

Sun, 18 Nov 2012 13:51:51 +0530

Dear friends, It`s list for all books for CMT 1,2,3. http://atma-india.net/images/fbfiles/files/Books_for_CMT.xlsx

Subject: Re:NIFTY/ GOLD/ INR - by: SUNIL SHARMA

Sun, 18 Nov 2012 08:53:11 +0530

Nifty chart of 2nov 12 posted previously clearly shows that volume was falling continuosly on uptrend & it is not going to sustain & fall with its own weight.

Subject: Re:A Critical point for the Dow Jones Industrial Average - by: Sushil Kedia

Sat, 17 Nov 2012 18:54:46 +0530

Anant / Rohit, Great points. Good to see you guys return back from the Diwali break. Unable to disagree with you both. Smoking the Nifty 4000 pipe for a while. Charts and analysis are converging to a professional consensus of a large large thud, at least, on this professional forum of ATMA. Would be good to get a stab from each participant here whats the wave count on the Dollar Index, the JPY and the USD/Eur. Money and assets such as equities cannot move in the same direction for a sustained period. Lets take out our knives and stab independently at each twist, wave and turn of these key charts.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Sat, 17 Nov 2012 14:15:56 +0530

Next major leg of bear market might have started. Wave Z down can go as far as 4250 Nifty over the next year if not sooner if this is correct. Nifty completes a complex A-B-C-X-A-B-C pattern from Dec 2011 lows. The rising channel from June is broken on the Sensex yesterday. http://atma-india.net/images/fbfiles/images/WaveChart-20121117-2.png

Subject: Re:A Critical point for the Dow Jones Industrial Average - by: ROHIT SRIVASTAVA

Sat, 17 Nov 2012 14:10:17 +0530

All the world markets are rolling over one at a time following the Dow, this week European markets broke shelf supports in the near term and all of them tested trendlines from the 2008 highs that have false breakouts. CAC and DAX attached. FTSE Russel similar http://atma-india.net/images/fbfiles/files/WaveChart1.png http://atma-india.net/images/fbfiles/images/WaveChart-20121117.png

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: CFA Krunal Dedhiya

Sat, 17 Nov 2012 10:41:38 +0530

Friends, Recent MTA Mail states that on Oct 20, 850 candidates gave CMT Exams worldwide ! So there could be some 125-150 candidates from India I Presume Level 1 should have highest enrollment & Level 3 the lowest. Thus there shall be some 30 candidates for level 3 & CMT Charter holders in India will still be below 100 in India by 2012.

Subject: Re:A Critical point for the Dow Jones Industrial Average - by: Manish Dewan

Sat, 17 Nov 2012 09:31:58 +0530

Hi Ananth, It's nice to see your post after a long time. Welcome back!!! Regards

Subject: Re:A Critical point for the Dow Jones Industrial Average - by: Ananth Acharya

Fri, 16 Nov 2012 23:50:30 +0530

Dow Jones Industrial Average For a long long time, I have been expecting a very large change in the upward trend on the Dow Jones Industrial Average. However, it keeps threatening to break down, but finds support and moves ahead albeit a little slowly. For the last few weeks and months it has been unfolding an Ending Diagonal and the pattern is showing a classical behavior of an Ending Diagonal. The relentless march upwards is only an illusion and we can see DJIA Still hovering at the same level as it was in March 2012. Nearly 8 months have passed and it has gone nowhere in particular. At the same time all the waves unfolding appear to be corrective waves and such a pattern where markets appears to move higher, but keeps within a very narrow range, and unfolds in corrective patterns can only be an Ending Diagonal. Ending Diagonals have a swift and speedy resolution and in all cases are retraced to the beginning of the Ending Diagonal. In this case, it appears that the ED has started at 9900 levels in August 2010! This appears to be the slowest ED I have seen in my entire life and I have been waiting for the ED to end, and the pattern resolve itself. On the larger picture, this Ending Diagonal should complete the 'X' Wave of the Double Three and with the 'X' wave taking over 4 year to unfold, the resolution of this pattern is expected to be swift. All in all, there is no change in the bearish view that I have been expecting for some time. See the larger term Chart for clear counts, though there is no change in my view. http://www.atma-india.net/images/fbfiles/files/DJIA_Long_Term_26_10_2012.jpg

Subject: Original Books - by: CFA Krunal Dedhiya

Fri, 16 Nov 2012 17:15:10 +0530

Dear Friends, For those who want the original books, http://store.stockcharts.com/search?q=CMT offers all CMT books they also have CMT bundle packs (The cost for CMT Level2 bundle is about 31000 + Shipping :-O )

Subject: Re:Books wanted ... - by: Bhavesh Chedda

Fri, 16 Nov 2012 12:52:28 +0530

All those who have been patiently and nervously waiting on their back seats for news relating to level 2, finally there is a good news, the syllabus is out and if anyone had already started following the fall 2012 syllabus , then there is nothing to worry, there are no changes. All the Best http://69-195-98-168.bluehost.com/images/fbfiles/files/2013spr_cmt2-20121116-3.pdf

Subject: Re:CMT level-2 - by: Bhavesh Chedda

Fri, 16 Nov 2012 12:50:28 +0530

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: Bhavesh Chedda

Fri, 16 Nov 2012 12:44:29 +0530

All those who have been pateiently and nervously waiting on their back seats for news relating to level 2, finally there is a good news, the syllabus is out and if anyone had already started following the fall 2012 syllabus , then there is nothing to worry, there are no changes. All the Best http://69-195-98-168.bluehost.com/images/fbfiles/files/2013spr_cmt2-20121116.pdf

Subject: Re:Mumbai Level 2 Students Gathering / Study Circle - by: Bhavesh Chedda

Fri, 16 Nov 2012 12:42:23 +0530

Subject: Re: Will the Sensex go down first and then Rise in 2013 - by: UDIT PALIWAL

Wed, 14 Nov 2012 20:12:10 +0530

Mayurji, R u talkin abt Nifty or Sensex? I assume its nifty you are talking about. As long as nifty is above 5400 level, markets may touch 6100-6300. Below 5400, Nifty will race for 4900....

Subject: Re:Will the Sensex go down first and then Rise in 2013 - by: Sanjay Thakker

Wed, 14 Nov 2012 19:36:51 +0530

5200 for Sensex... It seems you are bit more bearish :) :)

Subject: Will the Sensex go down first and then Rise in 2013 - by: Mayur Sampat

Wed, 14 Nov 2012 10:46:19 +0530

What is the prediction of Sensex for the 2013. Going down to 5200 first and then moving up....let us understand.

Subject: Re: L&T Diversion Rsi - by: Hitesh Padia

Tue, 13 Nov 2012 21:20:36 +0530

Dear Santosh, I tried to attach a jpg file of the chart but its not seen. Again Try for it. Regards, Hitesh Padia http://www.atma-india.net/images/fbfiles/files/LT_RSI_Diverson_Nov_12.jpg

Subject: Re:Bank Nifty Analysis on 3 time frames - by: Santosh Kaluskar

Tue, 13 Nov 2012 09:15:56 +0530

Can this Bullish view on 60Min be considered based on a Bullish Flag formation and RSI taking support on 40, This setup can be bought on a breakout of a Flag? The price also seems to take support on the 50% retracement of the last rally. Ofcourse the larger TF should also should be considered for Trade decisions.. regards Santosh http://www.atma-india.net/images/fbfiles/images/BNF-20121113.png

Subject: Re: L&T Diversion Rsi - by: Santosh Kaluskar

Tue, 13 Nov 2012 08:59:35 +0530

A Chart attached with some views on the applied technicals on the same could have been More helpful. Santosh

Subject: Mumbai Level 2 Students Gathering / Study Circle - by: CFA Krunal Dedhiya

Mon, 12 Nov 2012 17:20:26 +0530

Dear Friends, I would like to invite all level 2 students from Mumbai for gathering at a common place to exchange our views , information , doubts & study materials for Level 2 exams. With mutual convenience we shall form a study circle for combined studies / doubt solving sessions. I believe this will be very much beneficial to all of us. I might be good in one topic & you might be good in another, together, we can master both topics with increased efficiency & optimum use of time. I have Office space at andheri near station where 15-20 peopole can be easily accommodated on sundays. Thx Krunal

Subject: Re:Books wanted ... - by: CFA Krunal Dedhiya

Mon, 12 Nov 2012 16:56:20 +0530

Dear Friends, Most of the CMT books are from US Publishers. Does anyone know of Indian Editions of the same books or books reprinted by indian publishers. Indian Edition will save good money for us. Edwards & Magee' Technical Analysis of Stock Trends is available in indian version. Pls help me for rest of the books. If not Indian version, what is the best way to procure international books. Thx Krunal

Subject: L&T Diversion Rsi - by: Hitesh Padia

Mon, 12 Nov 2012 14:21:46 +0530

LT Rsi diversion and price conforms brake out 1609 short @ 1609 SL 1644 TGT 1480

Subject: Re:Tata Steel EOD 11102012 shows a Break out Inverted Head and Shoulder formation... - by: CFA Krunal Dedhiya

Mon, 12 Nov 2012 12:06:07 +0530

Dear Friends, TISCO is presently trading at 483. as posted earlier TISCO expected of forming descending triangle with support line at 350. Tisco expected to find support near 350 - 360. watch its move in that zone. Considering good numbers in Auto sector & Cemnet sector, there can be delayed demand boost for Metal sector. If fundamentals improve in coming periode, most metal shares will give very strong rally as they are very much beaten down. Metal has anyways been a high beta sector, if turned positive, metals can give enormous profits with trend following systems. Krunal.

Subject: Bank Nifty Analysis on 3 time frames - by: Vishal B Malkan

Mon, 12 Nov 2012 02:14:58 +0530

Bank nifty Analysis heading down ? - view from various tools on different time frames .. http://69-195-98-168.bluehost.com/images/fbfiles/files/Bank_nifty___10_11_12.pdf

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: CFA Krunal Dedhiya

Sat, 10 Nov 2012 10:06:09 +0530

Friends, I am still a student so cannot give perfect answer. To my understanding Investor is one who belives in overall growth story of Company / Industry / Economy & wants to be part of it by investing money (Capital) & taking stake in the company or buying the commodity / assets. Traders are interested in making profits out of price fluctuations. Most important difference is while investors will be "long only" in any asset, traders go both long & short as per their analysis. Investors will only rely on equity/ asset analysis (fundamental & technical) whereas a trader will also master & use allied subjects like money management, trade management, risk management, etc. Investors will usually do delivery based of stock purchase & operate in Cash segment whereas traders will do Cash , Future, Forward , Option , Swaps , FRA, & anything thats tradeable.

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: Sanjay Thakker

Fri, 09 Nov 2012 10:46:05 +0530

Dear Krunal, You said - even for Investors also CMT is Best. Just wanted to know - how have you defined the investor here ? As you have also stated - For long term Investors who wants to understand the factors affecting fundamental analysis of a company CFA will help much more. Regards, Sanjay

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: CFA Krunal Dedhiya

Fri, 09 Nov 2012 09:52:16 +0530

CFA Covers many fields of Finance including subjects like Economics , Accounts, Quantitative Methods, Mgmt Account beyond Market related subjects like Security Analysis, Portfolio Mgmt etc. CMT is highly focused on Technical Analysis of Markets. To be good Trader CMT is the BEST ! even for Investors also CMT is Best. For long term Investors who wants to understand the factors affecting fundamental analysis of a company CFA will help much more.

Subject: Re:INTERMARKET ANALYSIS : HOLD THE NERVE EURO BULLS - by: Nikhil Dogra

Thu, 08 Nov 2012 12:37:45 +0530

Euro has a tendency to develop a seasonal 2- Month year end rally . The trade is a bull (seasonally speaking) since last week in October till first week in January. Since 1999 the accuracy has been 61.5% with 8 wins and 5 losses and from 2009 till last year this trade has suffered draw-down 3 times in a row although. In its short history it has a tendency to develop support around third week of October , explanations that have been given by traders are that Multi-Conglomerate US Corporations need to make fiscal year-end book adjustments as well as to make foreign payroll and bonuses.

Subject: Re:INTERMARKET ANALYSIS : HOLD THE NERVE EURO BULLS - by: SAHIL VIJAY

Thu, 08 Nov 2012 11:24:29 +0530

Thanks a lot for your time and words sir. i shall try and improve upon sir. I was just trying to discuss that riskier assets classes are going to have a leg up and risk aversion is going to take backside. The fall in usdinr or stronger rupee will depict risk appetite as well as euro rise and this will coincide to weaken usd which is generally the case during risk appetite is more. Thanks a lot sir.

Subject: Re:INTERMARKET ANALYSIS : HOLD THE NERVE EURO BULLS - by: Manish Dewan

Thu, 08 Nov 2012 11:11:47 +0530

A fair analysis Sahil although I'm not too sure of the subject - "Intermarket Analysis". IA has more to do with correlations and performance of 2 or more asset classes relative to each other. It's fine by me but some of the new entrants in the field of TA would be confused by the terminology. Regards

Subject: INTERMARKET ANALYSIS : HOLD THE NERVE EURO BULLS - by: SAHIL VIJAY

Thu, 08 Nov 2012 10:39:49 +0530

In continuation of my last post on Eurousd, today I am taking twin hourly charts of EUROUSD and USDINR to depict inter market correlations. I am revising the EUROUSD wave count but the outlook in the near term remains bullish. The last leg of wave c down might be taking place just now and there is all the more compelling reason to buy EURO in the near term as its showing exhaustion of five wave fall with huge divergences in RSI and prices giving red flag signal for EUROUSD bears. As per Gann Trading Tools as well, there is compelling buy on euro for the near term as the last rise was much bigger than previous jumps and its almost making double bottom (in Gann terminology). There might not be as big an up move which I was expecting but a 505-61.8% retracement from the fall of 1.3155 to 1.2750 comes out to be in the region of 1.2950-1.3000. So, short term trend for the EUROUSD looks on the up to reclaim 1.2950-1.3000. On the other side, I am taking USDINR chart which showed clear 5 wave fall yesterday. The sharp move down is followed by a sharp pullback which should subside in a few hours or days and then the third leg (comprising of 5 waves) down should restart to test minimum 53.86 (if wave 3= wave 1) or might go for 53.5 and lower. But, to hold this hypothesis true the previous highs of 54.76 should not be broken as i am taking a zigzag correction in usdinr to occur. So, all in all once the upmove is over, expect downside in usdinr to test 53.86-53.50 range and for this scenario the stop loss in 54.76. http://atma-india.net/images/fbfiles/files/EUROUSD_VS_USDINR_08_11_12.png

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: Srikanth Rayipati

Tue, 06 Nov 2012 23:14:15 +0530

Doing cmt will make u think the right things at crucial points becos it is at the turning points when the majority tend be wrong (every 1 of us have been a part of the majority at some point in life) some curse it ,some accept and change.

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: Nikhil Dogra

Tue, 06 Nov 2012 22:50:52 +0530

Both these certifications have their benefits , both these will educate and make one aware of market dynamics but as for your question of which will aid in becoming a better trader/investor , sadly there is no answer to this question. I am biased towards Cmt obviously though.

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: VINIT PATIL

Tue, 06 Nov 2012 20:10:51 +0530

Krunal as you are CFA & clrd 2 levels of CMT,what do you think??? which qualification one should opt for a carrer in stock market & which qualification will be helpfull to make you a better trader/investor??? Regards, Vinit

Subject: EUROUSD RALLY ON THE WAY - by: SAHIL VIJAY

Tue, 06 Nov 2012 13:48:33 +0530

Euro is ready to stage a comeback after a decent correction. I have attached daily and hourly charts. The daily chart seems to have completed or is in the final stages of completing a flat correction. I am getting all the more bullish due to confluence of things. First, on the daily charts, Euro took a hault at 38.2% retracement of the previous fall and now is readying to take support around 23.6% retracement area. The minimum targets for the flat correction (price wise) are met with. The RSI is has come to around 40 levels which is a bullish support zone. Now, turning focus on the hourly chart. The hourly chart depicts that wave v of wave C is on the verge of completion and now we should be getting ready for the up move. To add to the confidence in present set up, the RSI on hourly chart is showing positive divergences with the prices as euro is testing old lows but RSI is rising giving indications that strong hands are buying the euro. Given the present scenario, We are about to start wave c up in Eurousd. Where Wave A panning (1.2044-1.3155) and wave B panning (1.3155-1.2767) and if Wave C equals wave A then we should test 1.3878 (1.2767+.1111) and if Wave C is .618 of Wave A then is should test 1.3455. All in all, with the present set up, there is greater probability of finding a bottom in Euro near 1.2750 (1.2767) and the start of next leg up to reach 1.3455 which is around 50% of the retracement of the previous fall and an outside chance of reaching 1.38 odd levels which will coincide with 61.8% retracement. So, for now lets wait where Euro bottoms its fall here in a couple of days or hours and then wait for a rise towards 1.3450 and then see the wave count whether further upside is there of not. For the moment, Eurousd rally is on the way. [img/] http://atma-india.net/images/fbfiles/files/EUROUSD_06_11_12.png

Subject: EUROUSD RALLY ON THE WAY - by: SAHIL VIJAY

Tue, 06 Nov 2012 13:37:49 +0530

Subject: Re:Tradestation/Multicharts Users Thread - by: raminder anand

Tue, 06 Nov 2012 02:38:06 +0530

ChartNexus is a reasonably good charting software for MAC, you can check their website www.chartnexus.com

Subject: Re:Software - by: raminder anand

Tue, 06 Nov 2012 02:37:59 +0530

ChartNexus is a reasonably good charting software for MAC, you can check their website www.chartnexus.com

Subject: Re:Software - by: Bhavesh Chedda

Sun, 04 Nov 2012 10:13:25 +0530

good charting software for MAC

Subject: Re:Tradestation/Multicharts Users Thread - by: Bhavesh Chedda

Sun, 04 Nov 2012 09:51:59 +0530

Can anybody tell me good charting software for MAC

Subject: Re:Safe Haven Commodity: GOLD ANALYSIS - by: Brijesh A Soni

Sun, 04 Nov 2012 00:35:40 +0530

In my view USDINR is the easiest currency that can be manipulated so giving MCX levels will not be reasonable on my part.

Subject: Re:Safe Haven Commodity: GOLD ANALYSIS - by: Brijesh A Soni

Sun, 04 Nov 2012 00:31:50 +0530

[center]As expected the Higher and Lower Cycle conjunction usually occurs at major lows and that seems the scenario we have perceived in last couple of weeks. In the reporting week 16th-23rd October 2012 the same scenario evolved where commercials have again covered their 6843 shorts and open interest has decreased by 6990 lots. Low this reporting week was of $ 1703.80. Managed Money Managers & Speculators were again enforced to reduce their longs by 10893 lots as prices collapsed to new Short-term lows. Commercials were only 50.9 % short in the market compared 57.8 % the week before QE 3 was announced. Gold did managed to hold the 38.2% Fibonacci level of $1695 in the week. In the reporting week 24th-30th October 2012 Gold further declined just short of testing the 38.2 Fibbonaci level reaching a new Short-term Low of $1698.7. This once again enforced further liquidation of 14563 Longs by Managed Money Managers & Speculators. Commercials on the other end have once again booked their short-term profits by covering 5294 shorts. Commercials are back below pre QE 3 short levels in the market i.e. 49.9 %. The current reporting week will end on Tuesday 6th November thus the activity of Commercials and Managed Money Managers is unknown as of now on 4th Nov, but the mayhem seen on Friday 3rd November 2012, took Gold well below the $1695 level marking a $1674.7 low. The most recent weakness in Gold can be seen as a exhaustive move by Money Market Managers & Speculators enforced to reduce their longs in line to declining prices. The next significant support technically will be $1662 level that is where the breakout from previous consolidation was noticed as well its 50% Fibonacci level . The decreasing Open Interest and Volume shows signs of exhaustion in the current downtrend. Till the next COT report is published on 9th November 2012 that will draw a clear picture of the mayhem on Friday 3rd it will be premature to comment about further trend but do expect prices to consolidate in the range of $1662-$1708 for further move in either direction. [/center]

Subject: Re:Tata Steel EOD 11102012 shows a Break out Inverted Head and Shoulder formation... - by: Mayur Sampat

Sat, 03 Nov 2012 19:17:46 +0530

Thank you Vishal for the inputs points taken.

Subject: Re:CMT level-2 - by: CFA Krunal Dedhiya

Sat, 03 Nov 2012 12:06:23 +0530

Dear Mr. Musa, Thanks for your info sharing & willingness to support others. We will be waiting for your next update on the outcome of this session.

Subject: Re:Gold _ Wave Count - by: Manish Dewan

Sat, 03 Nov 2012 11:35:14 +0530

Updating from my last post. The sideways correction seems complete and Gold has commenced it's next leg of downmove in a zig-zag fashion. The likely targets for this leg (which could take multiple months) are: $1408 $1283 $1100 http://www.atma-india.net/images/fbfiles/files/Gold-20121103.jpg Regards

Subject: Re:CMT level-2 - by: Musa Kaiser

Sat, 03 Nov 2012 10:51:32 +0530

CMT 2 Informational Session on Sunday, 4 Nov, 9.30 to 11.30 AM at BIC Office, Bangalore. Do come. I will share my experiences about the CMT and also discuss the books and contents that one has to study for the CMT 2. Will also share about how my thoughts and approach to the markets are undergoing changes as I go through the CMT process. Indeed eye-opening and very rewarding. I am looking forward to a really good interactive session for all those interested in the Markets, serious Trading & Investing. Any queries, please call on 093419 67573.

Subject: Re:Safe Haven Commodity: GOLD ANALYSIS - by: Brijesh A Soni

Fri, 02 Nov 2012 22:17:23 +0530

Will post the further activity after the COT data release that will be tonight after closing.

Subject: Re:Silver - Wave Count - by: Bhavesh Chedda

Fri, 02 Nov 2012 21:57:41 +0530

I think its been a long time since 31.62 seems to be taken out

Subject: Re:Gold _ Wave Count - by: Bhavesh Chedda

Fri, 02 Nov 2012 21:46:28 +0530

I dont understand Elliot much, so its bit difficult to understand and read the chart(interpretation is out of qs). today we have seen 1680$, so where does the road lead hereon?

Subject: Re:Safe Haven Commodity: GOLD ANALYSIS - by: Bhavesh Chedda

Fri, 02 Nov 2012 20:33:00 +0530

THE RETRACEMENT TO 1695 SEEMS TO BE COMPLETE BUT HOW DO WE APPROACH FROM HERE ON AND HOW DO WE TRACK THE INDIAN GOLD IN MCX WITH THE CURRENCY EFFECT?

Subject: Re:NIFTY/ GOLD/ INR - by: SUNIL SHARMA

Fri, 02 Nov 2012 18:56:17 +0530

Nifty almost near its top . pfa nifty fut chart http://www.atma-india.net/images/fbfiles/files/NIFTY_FUT_thots_2nov-20121102.png

Subject: Re:NIFTY/ GOLD/ INR - by: SUNIL SHARMA

Fri, 02 Nov 2012 18:56:12 +0530

Nifty almost near its top . pfa nifty fut chart http://www.atma-india.net/images/fbfiles/files/NIFTY_FUT_thots_2nov.png

Subject: Re:Hindalco RSI Range / Fib Ret / Candlestick Set up - by: Manish Dewan

Fri, 02 Nov 2012 13:33:06 +0530

Simplicity at it's best. A very good example for budding technical analysts illustrating thought process and analysis. Regards

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: CFA Krunal Dedhiya

Fri, 02 Nov 2012 13:24:19 +0530

Dear Friends, After clearing first 2 levels of CMT, can we apply for FINRA qualification? Or is it only for US residents. Having CMT as well FINRA professional qualification shall open numerous opportunities for india candidates to work in MNC Merchant Banks / Hedge Funds / Research House. Indian Resident CMTs shall also get good opportunities in MNC Broking houses operating in India & US securities markets simultaneously for their FII clients. However the biggest advantage of CMT is the extensive study material & preparation that you need to undergo, makes you very sound professional analyst / trader. this knowledge & skillset is simply imvaluable.

Subject: Hindalco RSI Range / Fib Ret / Candlestick Set up - by: Vishal B Malkan

Fri, 02 Nov 2012 10:58:27 +0530

attached is report on hindalco with multiple tools indicating strong buy canidate for another 5-7 % http://www.atma-india.net/images/fbfiles/files/Hindalco___01_11_12.pdf

Subject: Re:Tata Steel EOD 11102012 shows a Break out Inverted Head and Shoulder formation... - by: Vishal B Malkan

Fri, 02 Nov 2012 10:54:56 +0530

i would differ a bit ... i dont see a head and shoulder pattern on TISCO daily as the main ingredient of a good H&S pattern is volume which has to reduce as it goes toward right and increase on breakout ... thats the reason it didtn sustain that so called breakout ...

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: Srikanth Rayipati

Thu, 01 Nov 2012 16:22:55 +0530

Passing cmt level 3 is still a step away from being a CMT . There are other prerequisites for qualifying to be a CMT and hence only 62 . 300-400 qualified CMT's in india by oct 2013 ? not that easy(practically not feasible) but yes quite possible in 3-5 years time. In the US 'The CMT demonstrates to Wall Street that you are a professional in the field of technical analysis. For those seeking a more traditional Wall Street analyst job, passing the first two CMT exams provides a significant step towards attaining the "Registered Research Analyst" designation from FINRA' The above clause has added char chand to the designation. Hence the rush in the US which has more than 45-50% (Tentative figure ) of the registered CMT market cap.

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: CFA Krunal Dedhiya

Thu, 01 Nov 2012 10:40:13 +0530

Only 62 !!! That's shocking ! I expected it to be about 300. In India we see so many experts following Technical Analysis & Advisory services, but very few have got professional qualification. By the time i expect to clear level 3 in Oct 13, i suppose there shall be some 300-400 CMTs in India. This will be a very rare Charter qualification in India, bringing in tremendous potential for career enhancement for all CMT Aspirants.

Subject: Re:P&F Method: A Gift to Technicians - by: Prashant Shah

Thu, 01 Nov 2012 02:18:55 +0530

Missed 25 box chart in earlier post

Subject: Re:P&F Method: A Gift to Technicians - by: Prashant Shah

Thu, 01 Nov 2012 01:31:05 +0530

Thank you all for the appreciation. This is really motivating me to work more on the subject. Attached herewith 3 box reversal charts of 15 and 25 box size of Nifty. Attendees should observe points mentioned below: > Tested and respected 45 degree trend > Supports around 5500 > Indicators suggesting extension > Upside counts are active in both the box sizes > Down side count is recently activated in 15 box chart Will paste some more interesting picture of same charts once these basic points of analysis are cleared. Regards Prashant Shah http://www.atma-india.net/images/fbfiles/files/Nifty_15_box_chart.jpg

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: Mayur Sampat

Wed, 31 Oct 2012 21:22:27 +0530

Thank you ji for the update..

Subject: Re:Charts from world over - by: Nikhil Dogra

Wed, 31 Oct 2012 20:27:15 +0530

INR is the currency , MCX exchange and according Commitment Of Traders reports hedge funds support its prices in around 410-420s equivalent. All the fundamentalists were cautious to bearish on Chinese economy according to business websites like

Subject: Re:Charts from world over - by: Sushil Kedia

Wed, 31 Oct 2012 18:35:42 +0530

Nikhil: Bheja Fry? Kiska Bheja? Which Hedge funds are talking to you about their positions? 410is in which currency? Which contract are you watching? China bad anticipated by whom?

Subject: Re:Charts from world over - by: Nikhil Dogra

Wed, 31 Oct 2012 18:32:23 +0530

Sushil Kedia wrote: Copper futures do have a hammer near an oversold RSI on the daily and can rebound 20 bucks, but thats it. Beyond a good short term bounce up I do see nothing more for a bull there. In the medium term, a crack below 300 breaking the low of 2011 should come in next. Majhab nahi sikhata, baarah mahine teji karna. Jo bhi karna hai bhai, soch samajh ke hee ab karna. Copper is a bheja fry for me personally , hedge funds keep on supporting it around 410ish on hopes of China economy is not as bad as anticipated.

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: Musa Kaiser

Wed, 31 Oct 2012 09:28:33 +0530

Based on the list of Current MTA Charterholders on the MTA Website, there are 62 CMTs in India. Would be really good to know where all they are and what they are up to.

Subject: An article from my blog- "Common Misunderstanding of Stock Market" - by: Sangamesh K.S.

Wed, 31 Oct 2012 07:16:19 +0530

It’s over a year that I have been writing in this blog. I came across many people with many “FAQ”. I have been always writing articles on Technical Analysis. But this time I’m willing to share something regarding “common misunderstanding” that people are having regarding markets. Stock market is an illusion, everyone enters will end-up in loss It doesn’t mean that if you have made loss, then everyone will make loss. There are 100 reasons for going wrong out in market. Analysis sometime fail, but you need to have a backup plan. If your stops trigger you have look for things like what went wrong, which is the next support, dose it worth bottom fishing the stock? And so on. Let me take a small example assume that you are out to market to buy a soap/bread/biscuit or any other item such. What you will do? Hope you go out for a retail shop and buy. Isn’t it? What if you don’t get? Easy go to another shop. For this we always use a world “don’t marry your stocks” The reason is every stock has a cycle, a phase and a trend. Everyone have to understand it then go for an investment you know you can’t sail against wind so you have to go according to the winds of market. It doesn’t mean we have to buy a stock at a high and wait for the stock to go high. This is something what most of the “Breakout traders” do. Breakout traders are professional traders they understand the breakout more than a common man. See every breakout aren’t bullish, some are fake and the great way to understand it to check volumes during breakouts. I see TV and made Profit/Loss I am a student I don’t want to fall into any controversy. Let me communicate what Larry Berman and other such traders and analyst say “SWITCH OFF THAT TV VOLUME AND TRADE” few even go to an extent saying switch off your TV. Recently I had a chance to sit a wonderful seminar held in Bangalore, speaker as Vishal Malkan . Do you know what he told? He told “I never see TV” this isn’t weird I have many people saying this even I do the same thing. I never say PM/President rule this world I say Media rule this world with psychological gimmicks, mind control and NLP. I am a psychology guy hold a special interest in cognitive psychology and neuro linguists, I am not matured to speak things but can only say “ It’s your money, don’t make someone to take your investment decisions”. If you take their advice don’t blame them. If you get poor marks in an exam you can’t blame your pen, isn’t it? I want to invest so and so, what will be the return after so many years Believe me even god find difficult to answer it. There are few concept involved like range, current price, policy, economics etc. many media say Sensex will touch 20k/30k etc but there is some “T&C*”. The best way to do money is to buy at a low and sell at high. It is very hard to specify time. How can I become a very good trader? Everyone wants to be a Rakesh Jhunjhunwala. I have seen people who are trading for show-offs. When people ask this question I normally question them asking. What you do for leaving? Many answer mobile shop, owner of petrol pump, jewellery shop, hardware shop etc . Time, emotions, analysis and capital are some key pillars of trading. And trading is a different game. Everyone can play but there are few who are good at it, like Sachin in cricket. I am not a trader but would like to call myself an analyst. I don’t spend 24*7 out seeing market. Yet I made around 12% to 51% profit out of 10 stocks in September. You can be a investor can do handsome money. Do you know in ancient time there used to be a percentage of farmers, a percentage of carpenters, a percentage of blacksmith etc etc. every city was balanced that time son of a carpenter will be a carpenter. If your family /your business is doing well. Then, why you need trading? Investment is smartly a good decision compared to trading. “Hope this article bring some change, in you” ALL THE BEST Source: Click hear (http://experimentswithstocks.blogspot.in/2012/10/common-misunderstanding-of-stock-market.html)

Subject: Charts from world over - by: Sushil Kedia

Wed, 31 Oct 2012 00:55:20 +0530

JPY/USD is looking will drop under 74. Thats too strong a Yen to not tear up the hind-side of every bull everywhere in today's world, at least just once. Confirming reversal on the JPY/EUR exists too and the run from 94 where I called a 4 year new bull market to come on this chart to the 105 seen lately is done too. A good good pullback here too is coming now. Reversals confirmed. Dollar Index is a misnomer for now. No clear signals and no urge to predict without a signal for a trade. Copper futures do have a hammer near an oversold RSI on the daily and can rebound 20 bucks, but thats it. Beyond a good short term bounce up I do see nothing more for a bull there. In the medium term, a crack below 300 breaking the low of 2011 should come in next. INR/USD going to a new low with a drowning of the Nifty below 4000? I am not thumping the table yet on this, but getting ready to plunge the napalm piece by piece as the cracked formations of the enemy's infantry becomes visible. Majhab nahi sikhata, baarah mahine teji karna. Jo bhi karna hai bhai, soch samajh ke hee ab karna.

Subject: Re:P&F Method: A Gift to Technicians - by: Gunjan Dua

Tue, 30 Oct 2012 20:25:51 +0530

Dear Members, Lets Not make this Forum just a place for Thank You notes, Its great that members are learning from our speakers but what this forum needs is to convert that learning into charts so that the people who weren't able to attend or others who are not members but visit the form regularly can also share your experience. Kindly think about it. Gunjan Duaa.

Subject: Re:P&F Method: A Gift to Technicians - by: Sanjay Thakker

Tue, 30 Oct 2012 19:42:05 +0530

Is there a way for an ATMA member, who did not attend the meeting, to access the said presentation ? Regards, Sanjay

Subject: Re:P&F Method: A Gift to Technicians - by: Ashish Jaju

Tue, 30 Oct 2012 19:14:13 +0530

I am heartly thanks to Pranshant Shah for delivering nice lecture on Point & Figure Techniques.

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Tue, 30 Oct 2012 18:50:27 +0530

We were holding long position based on Dow theory with stop at 5630. Today in Nifty spot 5630 is breached , so the trend is reversed down side as per Dow theory. Now the first support could be around 5565, A close below this level will take nifty spot to 5520 .

Subject: Re:NIFTY/ GOLD/ INR - by: Sahil Modi

Tue, 30 Oct 2012 14:14:11 +0530

Corrective Price action- Triangle : Find the Image : ( Nifty Fut) http://s7.postimage.org/71y9dcaq1/Nifty_1_hrs.png We Still Stuck at 5587 (Cash - Nifty) which is 38.1 % retrenchment from top of 5815.35 to 5217.65. Below 5587-80 Zone 50 % retrenchment and support placed at 5517. Is Market ready to test lower levels ? Thanks & Regards, Sahil Modi

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Bhavesh Chedda

Tue, 30 Oct 2012 13:39:55 +0530

Can RBI policy prove to be the game changer and bring the bears back in action? 5640 future which has been holding since 5th october in under threat today

Subject: Re:NIFTY/ GOLD/ INR - by: Bhavesh Chedda

Tue, 30 Oct 2012 13:38:53 +0530

Can RBI policy prove to be the game changer and bring the bears back in action? 5640 future which has been holding since 5th october in under threat today

Subject: Re:NIFTY/ GOLD/ INR - by: Sahil Modi

Tue, 30 Oct 2012 13:02:02 +0530

Dear Goutham Sir, Yesterday,I was looking at your reply. But Elliot pattern forced me to short Nifty.I have managed to follow my plan and stop loss. Look at the chart: Now,I will hold my position with trailing Stop. Thanks & Regards, Sahil Modi

Subject: Re:NIFTY/ GOLD/ INR - by: Sushil Kedia

Mon, 29 Oct 2012 21:38:36 +0530

Common-sense should not be lost in acquiring specialist knowledge. In fact common-sense is the supreme sense and not at all common. Language has meaning, else why would we use it. So using common-sense and having faith in the ability of language to convey the required what is the meaning of the word consolidation? Can a consolidation be a reversal, by the very meaning of the word? If not, then please find one consolidation pattern that is expected to be reversalist. A consolidation that fails and becomes something else is not the proof to nullify this common-sense argument. Think, since you can. Then act. Happy Trails.

Subject: Re:NIFTY/ GOLD/ INR - by: Sushil Kedia

Mon, 29 Oct 2012 21:16:21 +0530

Show me one single consolidation sideways pattern that is expected to be reversalist. General unambiguous way to keep things simple so as one can take decisive actions is to KNOW that consolidations are most likely almost always continuations of a prior trend. Combining this with my assertion that the top has already been made at the 5800 zone, I am positioning to keep nibbling into shorts on bouncy days and of course will go whole hog pressing the accelerator pedal down banging into the floor as this range is taken out on the lower side. Stance has to be figure dout and positioning has to be given to the mind. Analysis happens, trades require a tilt and a conviction. Happy trails to all. Caution is surely good and yet, a time comes in our careers that cautious conviction becomes a habit.

Subject: Re:NIFTY/ GOLD/ INR - by: Hitesh Padia

Mon, 29 Oct 2012 21:02:22 +0530

Yes true as per rule we have to wait for signal(

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Mon, 29 Oct 2012 17:35:04 +0530

It is not necessary that all consolidation should be Bullish, Some consolidation pattern can be bearish too and that you call it as Distribution pattern. There are many such examples that after consolidation the trend turns down. The Bearish divergence in smaller time frame can be Bullish in higher time frame. Price chart is more important than any indicator, Indicator is an alternative tool in guiding your decision say Positive or Negative Divergence or Reversals. or finding the turning points. In this case NIFTY SPOT it is not an assertion. but pure simple Dow theory. We are witnessing Higher tops and higher bottoms, Unless 5630 is not taken out on closing basis the trend is up. If 5630 is taken out and closes below this level we go short. During that time Lower top lower bottom formation comes in to play ,Until then the Price Trend is up .

Subject: Re:NIFTY/ GOLD/ INR - by: Hitesh Padia

Mon, 29 Oct 2012 17:12:32 +0530

Nifty made high Oct 5 @ 5815.35 after that Oct 12 made high @ 5725 witch is the lover high. Even Dabble bottom on Oct 16 nifty not able to cross the high of 5725 that I can say that there is a higher probability to make lover low in coming days.

Subject: Re:NIFTY/ GOLD/ INR - by: Anand Sancheti

Mon, 29 Oct 2012 15:10:00 +0530

No doubt its an assertion that any consolidation is bullish. But i have read when rsi & oscillators start giving negative divergence but price does not break, there is a likely hood of markets going up after the consolidation. At this point neither of you are right, short if the market breaks the lower range & buy if it breaks the upper range. In the middle why even bother about an outlier 100 point ranged nifty? Regards Anand Sancheti

Subject: Re:NIFTY/ GOLD/ INR - by: SUNIL SHARMA

Mon, 29 Oct 2012 10:36:12 +0530

Sir, im avid follower of u.But will differ with u as it will be too early to short now.On friday,nifty in 1 hr chart had reentered above trendline after going below it & entered its territory very smartly.Also it is making rounding formation.We can see macd has given buy signal & also is above signal line.Im keeping both options open whichever side it goes i will prefer to go that way.

Subject: Re:P&F Method: A Gift to Technicians - by: UDIT PALIWAL

Mon, 29 Oct 2012 05:09:32 +0530

:) Dear sir, Greetings. This is with regard to above mentioned topic, I was amazed to realize it yesterday in the seminar delivered by Mr. Prashant Shah. Firstly this topic is really very interesting and helps target and stop loss projection with such an ease. We always get fascinated by complex indicators and patterns in various other methods. But the main mantra of success is to keep it simple. And that what the speaker also did in the “Trading the markets using Point and Figure Charts” by Mr. Prashant Shah : 5th Pune Meeting. Really one of such events that I really could have never afford to miss out. Thanks Sanjay ji and Prashant Shah ji for such a beautiful topic and seminar.

Subject: Re:NIFTY/ GOLD/ INR - by: Sushil Kedia

Sun, 28 Oct 2012 21:57:38 +0530

I would love to learn from you how arrive at the assertion that "chances for a higher side breakout are more". If there is no basis to it, then it is an assertion, if there is a basis please educate me. My own stab is, Nifty will slip heavily in the coming fortnight. Momentum divergence has been established. RSI filter breached lower, rectnagular formation is coming after this reversal has come in place. Now play for the DAMAGE. Short it.

Subject: Ichimoku Clouds - by: ANIL PADIA

Sun, 28 Oct 2012 19:44:42 +0530

Cloud charts & Time horizons. Traders & Investors especially newcomers find it difficult to know what time horizons to follow for their analysis and trading. It takes a lot of experience to know whether you are a short term trader, a medium term trader/investor or a long term investor. No other trading system deals with time horizons more simply than the Ichimoku cloud system. In this system you have to analyse 3 time frames. The short term trader generally looks at the 30 mins, 60 mins & the daily charts to arrive at a decision for short term trading while an investor will look at the daily, weekly & the monthly charts to get a full picture of the stock/index that he is dealing in. Swing traders will gravitate between the 60 mins , daily & the weekly charts. What this does is, it gives the trader a sense of the time horizon that suits his personality. It allows the trader to CHOOSE the most appropriate time horizon (short,medium,long) that he is most comfortable in, thereby saving a lot of his time in experiencing to know what type of a trader he is. In a matter of some weeks a newbie can determine what suits him the best & start laying the foundation towards the coveted goal of CONSISTENT profits in trading. One can, to an extent resolve the mystery of the IRONY of consistent profits in an uncertain market .

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Sat, 27 Oct 2012 18:40:55 +0530

Nifty Spot 5720 is a very good resistance , It breached this level and closed above 5720 for 3 days (3,4,5th oct )and on 5th OCT we saw a sharp spike in NIfty spot. Now in the past 20 odd days nifty is in the range of 5630 and 5720 level a close below or above this range will guide for further movement. This is a perfect Text book example a side ways Rectangular movement, Generally such a Rectangular movement forms at the bottom and breaks upward ( most of the time ) This time this Rectangular movement is on the higher side after upmove, but chances of breaking on higher side is more. Best Regards GOUTHAM CHAND CMT

Subject: Re:How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: Manish Dewan

Fri, 26 Oct 2012 12:52:29 +0530

Mr. Sampat, Once you're registered on MTA website you can get all the details (region wise as well as global) from the it's member directory. Regards

Subject: How many Registered qualified CMT professional ( Numbers) are their in INDIA as on now?? - by: Mayur Sampat

Fri, 26 Oct 2012 12:18:27 +0530

Being a full time trader would like to know how many CMT members are their in INDIA as on now.?

Subject: Re:Share your Exam experience - by: Jasmeet Nanade

Wed, 24 Oct 2012 20:13:52 +0530

Hello everyone :) Appeared for CMT 1 this past Saturday and cleared. It was a great feeling and quite an rewarding experience. I'd like to share certain the things that worked for me. Firstly, the most key aspect is the love and appreciation for the subject of Technical Analysis. Sure, its vast in its itinerary and has rich content but the hunger to know will aptly guide you through. Secondly, as has been said a lot, its important to make notes as you read along, saves a lot of time when you need to revise. Thirdly, take complete advantage of the material provided by MTA and ATMA alike in terms of podcasts, videos, webinars, seminars etc. Fourthly, come exam day, rather than worrying about completion, focus on getting the correct answer to what has been asked. They seriously don't try to confuse you and you will finish in time. Fifthly, if you have practical experience in trading in markets its an added bonus. So, there it is a brief overview on how one can go about targeting the exams. One last thing, know your strengths and weakness and work on them accordingly. Also my heartiest congratulations to all those who have cleared and those who haven't keep at it, you're sure to find your way :)

Subject: Re:Tata Steel EOD 11102012 shows a Break out Inverted Head and Shoulder formation... - by: Mayur Sampat

Wed, 24 Oct 2012 02:58:27 +0530

Dear Krunal, The date was 11 10 2012, and the pattern did work, Price went up to 428 odd and now it is down to 406 odd . You could check the size /(points) of the shoulder as T1 and the point it went up to and to confirm. Your other views as on date are taken.

Subject: Re:Is it the Sensex? - by: Sushil Kedia

Tue, 23 Oct 2012 23:04:04 +0530

Awesome post, Rohit!

Subject: Re:Learning Never Stops!! - by: CFA Krunal Dedhiya

Tue, 23 Oct 2012 21:17:58 +0530

Hi friends It would be my pleasure to help level1 candidates. If required Mumbai students can meet me on Sunday to clear the doubts inperson Krunaldedhiya@rediffmail.com 9967596172

Subject: Re:Is it the Sensex? - by: ROHIT SRIVASTAVA

Tue, 23 Oct 2012 16:19:52 +0530

When Nifty started out NSE was not TA friendly so it was not open to ideas. For years its calculation of opening prices was an average of the previous days close and todays open thus resulting on no GAPS on daily charts that showed up on BSE Sensex. So Sensex was a favorite for long for analysts even with Nifty futures doing more volume. Sensex suddenly stopped showing gaps in 2010, but with the recent pre-opening session now most indices are based on actual open and so Nifty also shows the same gaps so candle patterns have improved. From an Elliotticians perspective I also preferred Sensex till then but now find even hourly counts are clearer on Nifty hourly charts at times in the last year or two. So clearly BSE is doing something wrong now after having remained TA friendly its losing out by keeping the index weighted in favor of low beta stocks. Good for index level management but not for taking a view of things. But these things can be a temporary phase ie market conditions. Still I find BSEs midcap and broad 500 index very useful and better than most NSE midcap indices. The broader BSE indices though do show too many gaps as they miss the first few ticks on opening. The broader indices follow a slower capture speed than the Sensex for levels which causes this [according to bse itself] but from an inter market analysis stand point it does not matter much and the indices are very useful. My winners at the moment are Nifty and BSE Midcap/Smallcap

Subject: Re: Larry Berman Seminar at BSE Trading Hall - by: Ananth Acharya

Tue, 23 Oct 2012 13:55:22 +0530

Hello Everyone, During the Larry Berman Seminar at BSE Trading Hall, I had announced two awards of the Applied Elliott Wave Home Study Program, that sells worldwide for US$ 4995.00 However, dues to some strange mishaps, I have misplaced the contact details of the Winners. I am concerned that the Winners have not contacted me and that the awards announced are still lying at my end. Could the two gentlemen identify themselves and claim the reward and reap benefits from the Applied Elliott Wave Home Study Program. Anyone who knows who the gentlemen are, may please post their detils so that I may pass on their awards to them Thank you Anant J Acharya www.appliedelliottwave.com

Subject: Surprising cut in Open Interest: Is Gold losing its strength post QE 3 - by: Brijesh A Soni

Tue, 23 Oct 2012 13:31:59 +0530

[center][center][center] In the reporting week 2nd-9th October 2012, Informed Players seems to be exhausted in there selling spree merely adding 277 lots holding short 258562 lots. Prices were merely unchanged closing at $ 1764 just $ 10 below the last reporting week. Players stood at 53.4 % short almost same previous week. The most interesting position appeared in the reporting week 10th-16th October 2012 where prices did collapse to a new short term low of $ 1728. It seems that Informed cartel did sell handsomely on Saturday and followed it on Monday. Now the dilemma erupts,Even after the selling, the Tuesday night closing basis Informed players have reduced their shorts by 19697 lots but Open Interest too got reduced by 21533 lots. Decreasing open interest seems that Gold is losing its shine post QE 3. New long and shorts created after the announcement of QE 3 are subsiding slowly and the activity of Informed Players is shifting gears in opposite direction. Losing interest in the market and sudden reduced shorts by Informed Players suggests that the selling spree may be about to end soon. The levels Informed and Uninformed will be looking for will be $ 1708 the 100 DMA and $ 1695 the 38.2 % retracement from the recent bullish rally. Weekly charts still showing enough strength supporting the recent bullish rally that seems to be on a pause mode for now. Only a breach below $ 1695 will attract some major selling from Informed Players that seems to be the case when compared to the holding pattern before QE 3 announcement of the market. The low made on Monday 22nd October of $ 1714.9 still seems vulnerable on the charts in short term as conjunction of higher and lower cycle in the month end approaches. Look for $ 1695 religiously folks because this can be the turning point in the recent bullish strength post QE 3 announcement. [/center][right][left][/left][/right][/center][/center]

Subject: Re:Trading System with Low risk and High return. - by: Vedprakash Gehlot

Tue, 23 Oct 2012 12:32:54 +0530

Agree sir ji, but nothing is holly grail method in the stock market In the case of when you apply ATR as a stop loss method, we have seen after a smart run up or down move it may perform well but in the case of sideways market it dont. When stops are placed very close to the market, they are hit with a frequency resembling a random distribution; this is not particularly helpful to performance unless you only want to remain with a trade if it performs properly from the beginning. When stops are placed much farther from the current price levels, they can serve to protect you from extreme losses, but not always. When a price shock occurs, stops are often filled far from their intended level and can actually be filled at the worst point of the move. A system should not be profitable because of stops, but must work before stops are introduced. We can take these measures in some cases like: 1) Advance the stop by a percentage of prices. 2) Use a swing high or low point, based on a percentage minimum swing. 3) Use the highest high or lowest low of the recent n periods. As a sound statistical measurement of risk, the standard deviation can be used to determine stop loss levels.` in a method called the Dev-stop, this method adjusts for volatility using standard statistical measurement and is applied to the extreme profit of a trade to prevent unnecessary loss of equity. Regds Ved

Subject: JK Lakshmi EOD - Is the rally loosing stream? - by: CFA Krunal Dedhiya

Tue, 23 Oct 2012 10:44:01 +0530

Dear Friends, J K Lakshmi has given very strong bull run this year rising from 40 to 130. At present in the EOD Chart most of the oscillators except Williams %R are giving some sort of divergence signals. Is it premature to state that the rally is about to be over? Last week company has posted strong numbers. But are the market internals telling us different story? This can be a good candidate for studying oscillators. pls post your views on this.

Subject: Re:Share your Exam experience - by: Musa Kaiser

Tue, 23 Oct 2012 10:32:33 +0530

Dear Srikanth, Congratulations on passing Level 1 and thank you for the acknowledgements. It has really been good chatting with you on FB. Hope to see you in person at the earliest! All the best for Level 2 & 3. Wishes n Riches, Dr. Musa R

Subject: Re:Trading System with Low risk and High return. - by: raminder anand

Tue, 23 Oct 2012 10:22:15 +0530

sir, i agree ATR is a wonderful indicator but does not deliver consistent returns over a period of time. what is your take on it or how do you filter out days when ATR tends to deliver negative returns. regds raminder

Subject: Trading System with Low risk and High return. - by: Vedprakash Gehlot

Tue, 23 Oct 2012 09:01:45 +0530

In statistical terms, equity market are leptokurtic with amplitude tails - when they are not in their mean - reverting mode, they tend to display powerful and sustainable trends. These trends offer low risk/high return opportunities, such that a single profitable trend following trade often will offset many losses. In the time of low volatility we can use lower multiplying factor in ATR and vice verse. ATR known for measure volatility but can be used as trailing stop-loss in all profitable trades and can be use for entry & exit rule as well.

Subject: Re:Safe Haven Commodity: GOLD ANALYSIS - by: Brijesh A Soni

Tue, 23 Oct 2012 02:26:15 +0530

Have been a bit busy lately in junction with the exam last week. Will post further activity of Informed players in last two weeks and what further can be expected in this week. Brijesh Soni

Subject: Re:Tata Steel EOD 11102012 shows a Break out Inverted Head and Shoulder formation... - by: CFA Krunal Dedhiya

Mon, 22 Oct 2012 22:46:38 +0530

Yes, Inverted H&S is visible in TISCO. But looking forward, Momentum, Moving Average, Momentum, Williams %R - these indicators are not confirming a strong breakout coming soon, rather it looks like the stock is headed downwards from here. If i am not wrong, Volume on up days are yet to equal the volumes on down days Also if we see the Metals Index Daily chart, we see a corresponding left shoulder & Head being formed, but instead of right shoulder, we can see a rounding top formation. So i believe, Oscillators are not supporting the breakout & rally from here. Alternately i can see a Descending Triangle under formation on TISCO Daily chart Since December. ( Support trend line at 350 & descending resistance line starting from 500 in Feb & continuing till 415 at present) Being a longer term pattern i believe the breakout of this pattern will be more reliable. Upward breakout will bring prices till 575 level, downward breakout will make it crash till 225. Keep following the chart, Big move is on Cards.

Subject: A good Trading system for "CONSISTENT" profits - by: ANIL PADIA

Mon, 22 Oct 2012 21:16:21 +0530

The best part about the Ichimoku clouds trading system is that it filters out the non trending phases of the market. Sideways trend is the biggest nightmare for a trader and most of the losses that is incurred by him is in this painful period. Since Ichimoku Clouds are used in 3 to 4 different time frames at one time, one can clearly see the non trending moves and can very well decide not to trade or employ non trending strategies like selling options. The Trending moves then can be captured at their nascent stage. This can be done "consistently" as the Ichimoku Cloud trading system is a visual objective system & scanning the trending Indices , Scrips, Commodities & Currencies, is a matter of minutes.

Subject: Re:Is it the Sensex? - by: Somanath Mehanath

Mon, 22 Oct 2012 16:55:14 +0530

For Sure it will be SENSEX. Look into the way the index is constructed. Nifty gives over emphasis for banks (in terms of number of stocks), while on other hand Sensex is equally distributed. Why there is a need of including so many banks in the index (is it a way of saying we more diversified than sensex?). We often see freak trades or what so ever one can name it as, when the data reflects in the chart what kind of analysis that one can make? If Volumes are the major concern, then we should see that how SGX has picked up its volumes, volumes according to me is a matter of marketing. NSE markets well while BSE is little lack of the same. When it does competes in all means, we will see good volumes in BSE. These points makes me to say that SENSEX is the best index.

Subject: Re:Safe Haven Commodity: GOLD ANALYSIS - by: Bhavesh Chedda

Mon, 22 Oct 2012 14:34:09 +0530

Sir now where do we look forward to in Gold as 1712 is approaching

Subject: Sensex likely to cross 1,00,000 by 2025: Technical Analysis - by: Vedprakash Gehlot

Mon, 22 Oct 2012 13:27:07 +0530

“The five-wave pattern from 2003-08 is a road map to the future. Elliott waves progress in five waves and correct in three waves,” research group’s Asia-Pacific Financial Forecast editor Mark Galasiewski said. You can read this article at : http:/ seguide.com/other/sensex-likely-to-cross-100000-by-2025-technical-analysis/

Subject: Re:Refresher Course - by: Ankit Narshana

Mon, 22 Oct 2012 13:00:29 +0530

It was a good learning experience for me attending webinar of CMT level II. It not only helped me to know topics which i was suppose to focus on more but also gave me second check to my studies. few hours before appearing for exam i had a glance to the notes given by vishal malkan and i was comfortable enough to pass through the examination. I thank ATMA for conducting refresher course before exam.

Subject: Re:CMT level-2 - by: Musa Kaiser

Mon, 22 Oct 2012 11:01:28 +0530

Happy to share that I cleared Level 2 on 20 Oct 2012. I think it was quite a tricky paper with A LOT of questions that one could easily answer wrong. One can only pass the exam if one has really understood the concepts well, else ... Of course, some questions are just plain give a ways! I will be happy to share my experiences with anyone appearing for Level 2 going forward. Feel free to get in touch ... All the best to all future aspirants of CMT.

Subject: Re:Share your Exam experience - by: Srikanth Rayipati

Mon, 22 Oct 2012 10:27:40 +0530

Dear Mr Mayur . Kindly go through the link pasted below to check the reading list for level 1. It is always better to check the website for any further addition to the reading list http://docs.mta.org/cmt/reading/cmt-level1-fall2012.pdf

Subject: Re:Is it the Sensex? - by: Sushil Kedia

Mon, 22 Oct 2012 06:44:12 +0530

Got you that IF you make 100 trades total you make 20 in equities. If you made 10 trades you do 2 in equities and if you do 1000 trades you do 200 in equities. Good way to define an expert. So still not clear if you are an expert in commodities? Or you are an expert in Equities? Or Both? Or neither? Per your definition. Lets after addressing these nicetieis that you brought up, allow the thread to be focused on to the point as to which is a better Index for purposes of Technical Analysis.

Subject: Re:Share your Exam experience - by: Mayur Sampat

Mon, 22 Oct 2012 03:32:36 +0530

Dear could you kindly give details of all the books for Level 1

Subject: Re:Is it the Sensex? - by: Nikhil Dogra

Mon, 22 Oct 2012 00:28:46 +0530

Sushil Kedia wrote: Got you Nikhil. Like your frank confession that you dont trade equities much and just have expressed your feelings and not expertise or study. deep well. Say if i make 100 trades in a month out of them only 20 would be in stock market and 80 would be in commodity markets. In my books "expert" is the one who takes money home from the market and not the one who blows it up or who keeps on acquiring all the latest knowledge without actually pulling the trigger.

Subject: Re:Is it the Sensex? - by: Sushil Kedia

Mon, 22 Oct 2012 00:04:01 +0530

Got you Nikhil. Like your frank confession that you dont trade equities much and just have expressed your feelings and not expertise or study. Will look elsewhere, to keep this debate live until we do get to some reasonable scratching of the bottom in this deep well.

Subject: Re:Is it the Sensex? - by: Nikhil Dogra

Sun, 21 Oct 2012 23:54:32 +0530

It would be best to enlist the help of Kora sir w.r.t actual stats i believe he may even have it perhaps. I trade commodities much much much more than i trade indexes/stocks but when i do trade indexes/stocks my choice of preference is CNX indexes and not the BSE because of volumes, more people present in the market means to me more opportunity to capitalize on other peoples mistakes and more the number more is the ferocity of the moves when say stops are taken out that are bunched together in limit orders

Subject: Re:Is it the Sensex? - by: Sushil Kedia

Sun, 21 Oct 2012 23:41:03 +0530

Oneliners are not a great discussion. Answering your own question worse. I am pushing you Nikhil, on purpose. Think harder. Dont have a tunnel view based on your recent readings of volatility. No one knows, by the way, what is true volatility. Uncertainty by nature is uncertain and its measurement even more so. That is why Einstein did make more sense than anyone when he said the things that may be counted may not count in life and the things that count in life may not get counted. Money is a human idea. Markets thus are pretty much a human idea too. If Economics is a nobler or softer science, markets can't be any harder than economics as a science. To be able to live with our inability to KNOW the future but only gauge it and to move on with humility and live life daily at the edge of the humiliating and humbling stop-losses gives us our bread. Technical Analysis becomes the universal language of the markets only in this context that apart from the massive looking charts to an onlooker and the immense looking formulae, it respects both as an art as well as a science the human dilemma and acknowledges enough the human folly. Technical Analysis is the form of market analysis with least numnber of assumptions. Abandon your assumption that what is written in those fat tomes of Quant Finance works. Test it out, for yourself, if you are not willing to think beyond the printed letter. Now lets return back to identifying key attributes on which any index should be judged. Yes I agree, the debate had digressed. So lets bring the house back to the point of order. What are the attributes of a good index? Enlist please. Which Indian index scores most on those attributes? lets work together on testing each and putting some stats on the table, then. You go first Nikhil, you seem to have a strong hand on numerical ideas and thus testing.

Subject: Re:Is it the Sensex? - by: Nikhil Dogra

Sun, 21 Oct 2012 23:33:48 +0530

What factors make a chart a better chart to read? I would say good old volatility , excess or lack of it! Yes include BSE500 too, I am not being dismissive. I am not sure if i want to hug the world , but if its a kingfisher calendar model, i surely won't mind!!

Subject: Re:Is it the Sensex? - by: Sushil Kedia

Sun, 21 Oct 2012 23:32:46 +0530

I agree, if you have a way to put formal arguments and not philosophy then do include CNX500. Surely it makes sense to have a wider canvas and then include BSE500 too. Stoking the fires is good with a philosphical twist, depressing the mind ain't. You are too dismissive and that is going to be costly, mark my words. Open your mind and your heart and go hug the world.

Subject: Re:Is it the Sensex? - by: Nikhil Dogra

Sun, 21 Oct 2012 23:22:27 +0530

These type of debates gets one nowhere to be honest :-D Hindsight bias surely is a jargon, i normally don't use jargons, but as a trader i have come to appreciate it more. We see things that aren't so and don't see things that are right there in front of us. Sensex & Nifty ? Why not CNX 500 for the sake of argument ? As a trader who is concerned in "now" not the past or future question of choosing doesn't even arise unless one is engaged in a spread trade between these indexes to earn a spread!

Subject: Re:CMT level-2 - by: Nikhil Dogra

Sun, 21 Oct 2012 22:49:06 +0530

I am taking 1 year preparation time from this May to May 2013. I don't want to pass the exam i want to understand the concepts as if one knows the concepts then passing the exam is imminent. I am not sure how many cleared Level 2 the ones who gave it this saturday ?

Subject: Re:Is it the Sensex? - by: Sushil Kedia

Sun, 21 Oct 2012 22:45:49 +0530

"Hindsight Bias" -- good term. Please help me learn how did you apply it in the context of comparing two indices and their qualities. Even in saying that neither is better than other, would that same so-called hindsight bias not work? Jargon, my dear Nikhil, is the nemesis of a trader and analyst. Common-sense, I have come to figure out, is the most uncommon attribute in life and thus in markets. So from simple analysis of analysable attributes, lets try to take this debate forward to figure out if one is better over the other. If not, then too it shows a behavioural finance anomaly that volume alone can seek more volume. Right?

Subject: Re:Is it the Sensex? - by: Nikhil Dogra

Sun, 21 Oct 2012 22:41:19 +0530

I will try my best to come online regularly when i am not trading or on holidays. Open and closing might be important in a candle but high and low is where the money is made or lost. On to a more serious note i remember a gentlemen posting this question before in the forum few months ago and he posted pictorial evidence that Sensex was much smoother in comparison to Nifty , Personally to me its hindsight bias , we already knew what had happened in both the indexes so drawing a conclusion that sensex shows smoother and better patterns etc w.r.t nifty is also not entirely true. Best bet is to make a nifty/sensex spread as it will give a basic idea which of these index is more volatile in camparsion to the other.

Subject: Re:Share your Exam experience - by: Sushil Kedia

Sun, 21 Oct 2012 21:55:57 +0530

Good to know you have benefitted from some. Now multiply that benefit and give back to all others you would know.

Subject: Re:E-Library - by: Sushil Kedia

Sun, 21 Oct 2012 21:55:11 +0530

Stop thanking. Start working. Bahut kaam baaki hai... abhi sirph shuruvat huyi hai. Aage bahut kaam baaki hei.

Subject: Re:Is it the Sensex? - by: Sushil Kedia

Sun, 21 Oct 2012 21:26:41 +0530

Nikhil, good to see you back in action. Was missing your tongue-in-cheeky posts. Better Candlestick patterns... well there is a quality to everything. Even to the candles. You will figure out the tone, timbre, grain of every chart... in time. Closing prices and opening prices are key to candles. Use this as a hint. And do stay aggressive and smash it back again.

Subject: Re:E-Library - by: Rupesh Solanki

Sun, 21 Oct 2012 19:48:40 +0530

FINALLY E-LIBRARY IS FUNCTIONAL.JUST DOWNLOADED AN E-BOOK. A BIG THANKS TO ATMA TEAM AND SUSHIL SIR.

Subject: Re:Share your Exam experience - by: Srikanth Rayipati

Sun, 21 Oct 2012 17:26:39 +0530

Hi All, Yesterday many of us appeared for different levels of the much desired CMT designation level exams. God willingly i cleared my level 1 after a good 75 days of reading .The quality of the questions asked in the exams were commendable. It was a feel good moment once the exam result were announced. One sincere suggestion for aspirants of level 1 is to go through the required reading material ateast twice Looking forward to preparing for the level 2 at the earliest Would sincerly like to thank Gunjan dua sir, Dr Musa Kaiser and Dr Bhooshan Shanbhag for their timely assistance and inputs and special thanks to Shri Sushil kedia sir for keeping the atma going stronger day by day..

Subject: Re:Is it the Sensex? - by: Shravan Dharmaraj

Sun, 21 Oct 2012 16:24:42 +0530

Based on my experience of using charts over the past five years, I believe Sensex is a better than Nifty in terms of better candlestick patterns, better fractal patterns etc. Even trendlines more or less work better on sensex than the nifty. From a trading perspective, i look at both sensex and Nifty for confirmation before arriving at an informed decision..My conclusion is that sensex is a better index for practioners of TA

Subject: Re:Is it the Sensex? - by: Nikhil Dogra

Sun, 21 Oct 2012 15:27:53 +0530

Sushil Kedia wrote: Which of the two has better candlestick patterns? Which of the two has a fairer way of establishing opening price? Which of the two has a fairer way of establishing Closing Price? Which of the two has more frequent erratic High/Low of the day and require more data scrubbing and cleaning? I don't know if there is such a thing known as a better candlestick patten! It doesn't make much difference in terms of trading which index one sees as its obvious if one were to trade Nifty futures then one must see its chart and same for Sensex and it doesn't make sense seeing Sensex and trading nifty futures although analyzing them simultaneously to spot divergences if any may be useful , although i do hear stories, thats what they are stories, that patterns appear smoother in Sensex. As for the Best Indian Index between the two mentioned indexes i would say to each his own.

Subject: Re:Is it the Sensex? - by: ANIL PADIA

Sun, 21 Oct 2012 13:25:21 +0530

As an analyst, it would be a grave mistake on his part if he is not looking at the SENSEX chart even though he is trading in the NIFTY futures. On so many occasions I have traded on a signal generated in the NIFTY and lost, only to find out later that the SENSEX had not generated the same signal. Now I rely more on the SENSEX signal to trade & have noticed that it has saved me on a number of conflicting situations. Except for the composition of the Indices, what causes this to happen is largely a mystery, but there is something that makes the SENSEX more reliable. May be its following have been for so many more years than the Nifty, maybe it is better composed, or maybe it is just the way I feel.

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Prashant Bansal

Sun, 21 Oct 2012 00:45:57 +0530

Thank you Dr. Shanbagh. The question bank was really helpful in terms of reviewing some important concepts and the course content. I would advise all those taking Level 2 to go thru the question bank and it will give you a fair idea of how well you are prepared for the exam. If you pass in this paper then you are reasonably expected to pass the MTA exam. We hope to see the level 3 question bank also soon.

Subject: Re:Is it the Sensex? - by: Sushil Kedia

Sun, 21 Oct 2012 00:25:09 +0530

Which of the two has better candlestick patterns? Which of the two has a fairer way of establishing opening price? Which of the two has a fairer way of establishing Closing Price? Which of the two has more frequent erratic High/Low of the day and require more data scrubbing and cleaning?

Subject: Re:Is it the Sensex? - by: Bhavesh Chedda

Sun, 21 Oct 2012 00:22:18 +0530

Its been 1 year around in the markets.Since Nifty was the Index available for Trading widely,I hav egiven fewer Importance to Sensex , but yes when I derive certain targets for Nifty, I ry to correlate the Same in Sensex but only as a confirmation. Most of the times I feel chart looks the same for both.

Subject: Is it the Sensex? - by: Sushil Kedia

Sat, 20 Oct 2012 23:18:11 +0530

Trading Volumes have got concentrated on Nifty futures. Well thats good for trading. In terms of analysing and getting a sense of the underlying market, does a 50 stock index make a better index than a 30 stock index? Needs to be checked on deeper statistics such as representation of the total market cap movement vs index movement and error terms on correlations over various time frames. Home work for another day. Impact cost calculations: Done by each exchange on some specific assumptions and we all know with an assumption Logic can be used to prove 2+2=5. So not a good enough thing for our daily bread and butter. I would seek the voice of commonsense which often becomes uncommon in a lot of jargon, so called specialist knowledge and too many studies that have interesting formule and yet all are based on some assumption. What does the collective sense of this very large community of professional Technical Analysts have to say, with their years of experience? Is it the Sensex or is it the Nifty that gives a better analytical perspective and a better feel for interpretation? Which Index has had a deeper history? Sensex scores on that. Which Index has had a history of respecting the opening price of each day to be uniquely computed and not mind-lessly kept as the same as the closing price of the previous day? Sensex scores here. Nifty has pushed the envelope too far in its assumptions that opening price of today must be kept on their historic data as the same as the closing price of yesterday. Gaps are a key component of knowing crowd behaviour. How is the crowd responding to overnight news is a critical information that cannot be hidden away in such charts as happen due to an assumption that closing price of yesterday = opening price of today. Which Index has displayed larger volatility jumps and which one has shown smoother change in volatility? This can be a tricky question again if evaluated with models and standard statistics since volatility calculated over N days and value of N can be random and then Volatility Jump in amount is again definitional as to how much change in volatility over any time period is a jump and how much is less than a jump. So again such a thing is more a matter of feeling and historic results. I ask my community, which Index do you feel has given you lesser jitters and lesser shocks and a greater feeling of being in control? My own feeling is its sensex. Whats your sense. Whats yours? Which index has a history of stable changes in index components? Someone will have to do a comparative study to see what percentage of underlying components changed over a period of time. Which Index composition is managed by an ad-hoc committee and which Index composition is more rule based for a fair anticipation by market on the coming structure of the index? Each exchange will have to answer this. I am not sure if it is my personal bias on a qualitative tone being a man older than many others that Sensex hamare zamane ki index hai and hence I am more comfortable with Sensex. What does the younger generation have to say, is it an old is gold feeling I have or is there some merit in my tip of the hat that Sensex charts give a better feel for the market? There are of course more and more points for an evaluation and I do look forward to copious and open discussion on this. Since, if we are the professional analysts should we be getting attracted to shower our attention only on a voluminous contract or give attention to ones that do offer better and more stable insights, if they are better and stable that is? So, I ask yet again: Even though all of us trade the Nifty, is Sensex a better Index?

Subject: FOREST AND MARKET A UNIQUE COINCIDENCE - by: Mayur Sampat

Sat, 20 Oct 2012 02:26:32 +0530

We all know the forest full of Life and with more than thousand plus varieties of Flora and Fauna. So is our Market with thousands of Scrips and millions of operators and traders fighting for survival. Some make it and others do not. Like Nature forest does not discriminate any one, the nature has its own way and takes it own course of survival. In Market too the trader needs to seek path of survival. An Animal ( read trader ) needs to survive every day in the Jungle ( read Market) with 100s of wild animals ( read Market manipulators and news makers ) it is Survival of the Fittest. When a tiger ( read Trader ) hunt for a deer (read Scrip), it does not believe that the deer it did not catch, is the only deer it could ever catch, it merely seeks another deer. It does not get disappointed or get angry at itself for a miss opportunity. It merely waits for the possibility to exist again. It passes no judgement. WHY Should YOU?? The Tiger (Trader) would argue, but I missed an opportunity, missed a chance. I was too late and Now I am too OLD. Let us not pass any comments . Mother nature does not pass one why should you. It is know that Tiger cannot catch every animal in sight. But it continues to try regardless of its age or physical capacities. The Forest (Market) is full of possibilities, Life too is possibilities to be created. The Tiger always works hard, sweat and bleeds as he hunts for the prey. It seeks the opportunities that arise and go after them then. The Tiger if only ‘try’ will always go hungry and will not survives in the jungle. As the tiger (a trader) ‘TRY’? NO do not try. Decide to do, but do not try. TRYING HAS NO COMMITMENT. It is merely an attempt, a half hearted attempt at best. As a trader you can decide NOT TO ACT. This would be fine. BUT if you decide to ACT give it your best. Being committed to your goal is not the same thing as being emotionally attached. The tiger is not emotionally attached to the outcome. He is also highly aware of the present and of the offerings and is able to take advantage of them. THAT IS THE DIFFERENCE. If the TIGER (trader) has understood that it is OK to loose sometimes which he does almost daily. BUT he knows no matter what happens he is fine. As there is One more day to Live. The TIGER waits for the Next Morning to DAWN. As I put in The MARKET will always REMAIN. The future is our if we seek and learn and change our attitude, it doesn’t Matter how LONG it Takes to understand and be successesful , just as long as eventually you do.!! As the NEW DAWN occur the TIGER (Trader) takes position for yet another opportunity we call life!!. Happy Trading…. Mayur Sampat Mumbai India 9820214315.

Subject: Re:Winner Winner Chicken Dinner !!! Part 2 - by: Mayur Sampat

Sat, 20 Oct 2012 02:19:54 +0530

A wonderful journey to success an experience one get inspiration. Thank you for sharing. Regards Mayur Sampat

Subject: Re:Winner Winner Chicken Dinner !!! - by: Manish Sarraf

Fri, 19 Oct 2012 10:16:20 +0530

An inspiring topic..

Subject: Re:CMT level-2 - by: Rupesh Solanki

Fri, 19 Oct 2012 10:14:56 +0530

To All my friends, All i want you is to be courageous Be calm and be self equipped with facts and figures to conquer this exams battle. I wish you is best of luck in your CMT exams. With regards, Rupesh Solanki.

Subject: Re:E-Library - by: Hitesh Padia

Wed, 17 Oct 2012 10:48:06 +0530

Same Problem....

Subject: Re:E-Library - by: Devesh Chaturvedi

Wed, 17 Oct 2012 09:30:58 +0530

Thanking Sushil sir, and the complete team for the starting e-library. It will benefit the members immensely....

Subject: Re:CMT Webinar Sessions Fall 2012 - by: Ankit garg

Tue, 16 Oct 2012 23:22:15 +0530

thanks for your help...but have received the materials...

Subject: Re:Tata Steel EOD 11102012 shows a Break out Inverted Head and Shoulder formation... - by: Jayesh Patel

Tue, 16 Oct 2012 22:39:34 +0530

ya u ma be right but first nifty touch 5585 ithink it is just correactiv wave like a b c

Subject: Re:CMT Webinar Sessions Fall 2012 - by: Srikanth Rayipati

Tue, 16 Oct 2012 19:07:35 +0530

Hi Ankit i can send you the PP presentation and notes of the webinar if you wish.

Subject: Re:CMT level-2 - by: Janak Shah

Tue, 16 Oct 2012 17:00:52 +0530

Vishal Sir's guidlelines are a great help! Thank You!

Subject: Re:CMT Webinar Sessions Fall 2012 - by: Ankit garg

Tue, 16 Oct 2012 13:32:08 +0530

yahoo id is correct...but i have not received any mail containing link for the webinar....

Subject: Re:CMT Webinar Sessions Fall 2012 - by: Rupesh Solanki

Tue, 16 Oct 2012 13:26:28 +0530

cheak your yahoo id :ank_it_1990@yahoo.co.in . if still problem persists contact ATMA office

Subject: Re:CMT Webinar Sessions Fall 2012 - by: Ankit garg

Tue, 16 Oct 2012 13:20:51 +0530

i have already checked....there is no link...if you know can you post here??

Subject: Re:CMT Webinar Sessions Fall 2012 - by: Rupesh Solanki

Tue, 16 Oct 2012 13:17:03 +0530

Cheak your email for the link.

Subject: Re:CMT Webinar Sessions Fall 2012 - by: Ankit garg

Tue, 16 Oct 2012 12:57:36 +0530

i have registered for the webinar...how do i attend it...there is no link on the site...

Subject: Re:CMT level-2 - by: Musa Kaiser

Mon, 15 Oct 2012 21:47:35 +0530

I have just completed very seriously viewing all the archived Videos for CMTi Level 2 Fll 2011 on the MTA website, CMT2 Videos: http://media.mta.org/videos/cmti/level2/ (http://media.mta.org/videos/cmti/level2/) I just wanted to share that the Videos are pretty good and very useful, especially if you are revising after you have read the books OR are doing last minute studying hoping to pass. I would strongly suggest that especially if you are short on time before the exam, then watch the Videos. They are a total of 10.5 hours and cover all the Important Aspects of CMT2. Note: Patterns, Trends etc which are part of CMT1 are NOT covered in the CMT2 videos. A few things: 1. Skip the first 29 min of Video 1, Pont & Figure - it's just empty space. 2. It is not easy to FF the videos (it FFs only 1-2 min per mouse click so be patient). You CAN do REW easily though. 3. Sound is erratic in a few places. 4. The best Video is on Elliot Waves - the presenter clearly has passion for them! 5. Keep at least 20-30% (preferably 50%) more time for each viewing. If you are like me, you will want to Rewind re-listen / view what was said again. Hope it helps. Enjoy, Dr. Musa R

Subject: Re:Tata Steel EOD 11102012 shows a Break out Inverted Head and Shoulder formation... - by: Viral Patel

Sat, 13 Oct 2012 11:47:40 +0530

In Spot Nifty also H & S patten seen, if i am not doing mistake then neckline support in range of 5630 - 5600 range , if in coming week the volume will be reduce and break down of such range then probable indices likely to test 5500 & 5450 level. If i am doing mistake please share

Subject: Re: E-Library - by: Vijay Ginodiya

Sat, 13 Oct 2012 00:00:29 +0530

Early waiting for the E-Library to be Functional ,,Thanks to the GREAT EFFORT OF Sushilji and team in making the Wonderful contribution to TECHNICAL ANALYSIS... :)

Subject: Re: CMT Webinar Sessions Fall 2012 - by: Srikanth Rayipati

Fri, 12 Oct 2012 16:54:53 +0530

Subject: Re: E-Library - by: Nikhil Dogra

Fri, 12 Oct 2012 10:00:26 +0530

Gunjan Dua wrote: E-Library Pin will be given to all the members via Mail in the coming week. I am eagerly waiting for the pin. E-library is a very good initiative taken by Atma.

Subject: Re:Tata Steel EOD 11102012 shows a Break out Inverted Head and Shoulder formation... - by: Nikhil Dogra

Fri, 12 Oct 2012 09:57:34 +0530

I am seeing it as well

Subject: Re:CMT level-2 - by: Nikhil Dogra

Fri, 12 Oct 2012 09:53:09 +0530

Rupesh Solanki wrote: I have mailed you the PPT please cheak it. Please could you e-mail me the level 2 presentation as well on my e-mail id nikhildogra89@gmail.com . Thank You

Subject: Tata Steel EOD 11102012 shows a Break out Inverted Head and Shoulder formation... - by: Mayur Sampat

Fri, 12 Oct 2012 02:17:11 +0530

Tata Steel on a Daily Charts has break above 413 - 418 levels a Head and Shoulder formation seen Let see how it works from here.

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Srikanth Rayipati

Thu, 11 Oct 2012 23:59:08 +0530

Hello Bhooshan Sir, After reading the ebook for CMT level 1 which has been of immense help i wanted to post some feedback/query on the website www.lulu.com.However i couldn't find the book again on the website Request you to kindly look into it Thanks & Regds Srikanth

Subject: Re: E-Library - by: Gunjan Dua

Thu, 11 Oct 2012 15:45:37 +0530

E-Library Pin will be given to all the members via Mail in the coming week.

Subject: Re: E-Library - by: Rupesh Solanki

Thu, 11 Oct 2012 13:50:29 +0530

Hi, I had called ATMA office regarding E-Library yesterday.I was told that all members would get the PIN via email as soon as Library becomes functional. I am also waiting eagerly to access it.

Subject: E-Library - by: Manish Dewan

Thu, 11 Oct 2012 13:34:25 +0530

Hi, I am facing some problem in accessing e-library. When I try to checkout I'm asked for my e-mail id and PIN. Well I'm not sure on how and from where to get the PIN. I have adobe digital editions V2.0 installed in my system. Any help would be appreciated. Regards

Subject: Re:Mr. David Keller Seminar a wonderful learning experience - by: Gunjan Dua

Wed, 10 Oct 2012 00:20:35 +0530

ATMA is reaching Higher high's with each new moon ,so that shows we are in a Long Term Uptrend and the trend is strong. The event on 6th of October showed the world what ATMA is made of, Larry Berman Event Showed the ATMA strength and David Keller made it sure that it wasn't a one off and ATMA is for real. Seeing all this i am not surprised, the reason for that is that our Association is carried upon the shoulders of great minds and passionate people who are not only hard working but are smart decsion makers. Rather than a note of appreciation i would like to talk about things which we have achieved through this event and the last few months which have made us proud and gave a reason for anyone who is serious about the field of technical analysis to be a part of this association. 6th Of October was the day which will always be remembered by all the ATMA members as the day where we achieved a lot of things. E-Library - This is one which is very near to my heart, after a lot of effort and hard work we made it in the History Books as the First E-Library in India and The First E-Library of Technical Analysis in the World. New Office - This one if you think was the toughest, to get a bigger office in BSE building is like finding a Villa in the heart of Tokyo. A thanks to Mr.Uttam Bagri. Live Webcast - Never have i ever seen or heard a webcast which showed the whole event from 9 in the morning to 6 in the evening, helping people learn from the event and making ATMA reach a wider audience A Special Thanks to the Guests at the Dias and to the ATMA Staff , all the girls worked so hard behind the scenes to make this event a big success. Our Webmaster did well with the Website and all the Volunteers ,you guys were great.. keep it up. Every member should be proud being a part of ATMA and you and only you is what give wings to this great organisation. Gunjan Duaa, CMT Board Of Trustees ATMA

Subject: Re:Mr. David Keller Seminar a wonderful learning experience - by: Ashwani Tiwari

Tue, 09 Oct 2012 20:53:54 +0530

A very informative and insightful event. Thumbs up for the entire ATMA team- Sushil ji, Namrata, Meghana,Raminder and all the ATMA volunteers who worked round the clock to make this a landmark event. Thanks to BSE Brokers forum and MTA for making this event a memorable one.

Subject: EURO STILL HAS LEGS TO GO UP - by: SAHIL VIJAY

Tue, 09 Oct 2012 14:03:24 +0530

EURO has been in corrective mode since the second half of 2008. Although, we have witnessed sharp moves but in Elliott wave terms, the waves have been following three wave structure all the way which is corrective in nature. The primarily reason for taking up EUROUSD is to try and find out what’s going on in the riskier asset space and how to position oneself in the foreseeable future. I have tried to label the up down moves and they are all three wave structures. To start with the analysis, I would like mention the channel which prices broke recently. The channel breakout gives a target of around 1.35 which equals the distance that the prices travelled within the channel and if they travel the same distance outside as well. This level also corresponds to be the 50% retracement of the previous channeled fall. Another interesting development is market with red line which used to be the support trend line previously and once broken decisively as emerged as resistance line recently around 1.3155 where the Euro topped in the near term. The present up move seems to be incomplete and has strong support first around 1.2750 which is a Fibonacci confluence zone on daily and weekly charts and then the upper trend line of the channel around 1.2550. Initially, I was of the view that Euro has uncompleted target of around 1.14-1.17 zone against the USD but we live in a dynamic environment and generally the final target is not fulfilled. So, for the moment we should look for the unfulfilled upside target first and see how the wave count shapes up for further clarity. Now, turning focus on indicators. RSI, gave a very clear signal of entering into bullish zone when it tested 80 levels ( the bull market zone) on daily charts when it tested 1.3155. It has not entered into the bullish trading zone since the last half of 2008. Though, on weekly basis, it has yet not crossed the upper resistance zone of 65 (for bear market top) on weekly charts. If I am correct in my wave count, it can be the end of a correction and start of a multi week rally. But, before drawing this conclusion, I would like to see how the wave structure develops and RSI behaves going forward. For the moment, 1.2750-1.2550 is the support zone and 1.35 is the minimum target zone for the Euro. Interestingly, even if it is an X wave ( three wave structure) advance, the previous X wave have been 78.6% (1.43) or almost 100% (1.48) odd levels, so we should safely expect at least equality of the channel breakout as target. http://atma-india.net/images/fbfiles/files/EUROUSD_WEEKLY.png

Subject: Re:Mr. David Keller Seminar a wonderful learning experience - by: raminder anand

Tue, 09 Oct 2012 10:10:10 +0530

Though every session organized is a new learning experience, but this time it was a joy to see the entire session being webcasted for people who could not attend. ATMA & BBF thank you for you creative thinking and coming up with ideas that make the community closer and stronger 3 cheers for ATMA & BBF regds raminder

Subject: Re:Mr. David Keller Seminar a wonderful learning experience - by: Manish Sarraf

Mon, 08 Oct 2012 21:20:04 +0530

It was another wonderful event jointly conducted by ATMA & BSE Forum. We thank ATMA & BSE FORUM Team for helping us to expand our knowledge about stock market. Waiting for another round of event to be announced. Manish Sarraf New Delhi

Subject: Re:CMT level-2 - by: HARESH BOTE

Mon, 08 Oct 2012 18:27:25 +0530

kindly forward ppt 2 to me also haresh0426@gmail.com

Subject: Re:Stop Loss - by: Nikhil Dogra

Mon, 08 Oct 2012 17:23:52 +0530

60-70% success % wow, my system is right only 34% of the time and i can incur 7 losses in a row, I mean i believe in simplicity if its not going up then it should go down and if its not going down then it should go up and if it doesn't go anywhere i can digest consecutive losses in a row , although avg consecutive losses is 3 only but maximum consecutive losses are 7. My a/c is equipped to handle 30 losses in a row (i hope this day never comes )

Subject: Re:Mr. David Keller Seminar a wonderful learning experience - by: Srikanth Rayipati

Mon, 08 Oct 2012 12:33:58 +0530

World class intellectuals sharing the dias was an amazing thing to watch . Though away from mumbai i could feel the pulse as if sitting in the bse hall. Thanks Sushil Kedia Sir and team !!!!!!!!! Regds Srikanth

Subject: Re:Mr. David Keller Seminar a wonderful learning experience - by: Rupesh Solanki

Mon, 08 Oct 2012 10:20:10 +0530

Hi All, David Kellar Seminar was really a great and memoriable event.first of all the invited guests were very informative about discussing various progress being made in our capital markets.then in the inugration of E-Library and ATMA new office.I cannot wait to being able to use the E-Library :) when it becomes functional. The event was well managed and i really appreciate the hard work done by all ATMA members. My Special THANKS to SUSHIL Sir for organising such a great event

Subject: Re:Stop Loss - by: sriram rangarajan

Mon, 08 Oct 2012 10:01:32 +0530

Even if you have a system that has say 60-70% winning ratio, statistically there is a possibility that you may have a series of losses, if yu do not have a stop loss then wouldnt it result in significant capital erosion.

Subject: Re:CMT Level 1 Study Partner/ Group for preparing Oct 2012 Exam - by: APURVA SHETH

Sun, 07 Oct 2012 22:37:53 +0530

Even i am appearing for CMT 1 on 20th OCT n my test centre is Mumbai @ 8 am. As we all know we have to prepare from 4 books out of which 3 have many common chapters. I am attaching an excel file where i have colour coded the common chapters. so one can read them all at one go. http://www.atma-india.net/images/fbfiles/files/Common_Chapters.xlsx

Subject: Re:CMT level-2 - by: Anubhav Sethi

Sun, 07 Oct 2012 20:07:57 +0530

hi rupesh, Kindly forward the ppt mail to me aswell asethi2468@yahoo.com Thanks in advance Anubhav Sethi

Subject: Mr. David Keller Seminar a wonderful learning experience - by: Mayur Sampat

Sun, 07 Oct 2012 09:32:26 +0530

Dear Friends A BIG thanks Mr Sunil Kedia and all the support Team members support staff and supports of ATMA for a truely wonderful learning day spent on 6th Oct at BSE Hall.

Subject: Week ending 5th Sep 2012 - by: Brijesh A Soni

Sat, 06 Oct 2012 18:41:39 +0530

Again the same scenario in XAUUSD Gold. Almost All covered shorts by Producers/Commercials in the week of QE3 Announcement i.e. 29930 lots have been back in the market and Informed Players cartel is 53.7 % short in market. Informed players are selling as per scheduled basis. The day of the week for them to start seems to be Wednesday i.e. the day after they report their positions on Tuesday night closing basis. Second rounds seems to be mostly on Thursday. Its a tug-of-war in charts between the Producer merchants and Speculators as of now and the significance of the $1795-$1797 is enhancing week by week. Watch out for this level because a break above can indicate a change in intermediate trend shifting UP Wards to North. http://www.atma-india.net/images/fbfiles/images/05_sep_2012.gif

Subject: Re:CMT level-2 - by: Aditya Thukral

Sat, 06 Oct 2012 12:33:07 +0530

Thanks Rupesh. :)

Subject: Re:Stop Loss - by: Nikhil Dogra

Sat, 06 Oct 2012 09:41:27 +0530

I don't trade with a SL i spread contracts and become net long or short with the market. I don't predict i follow and that usually is perfect. PS: i don't trade equities/index i am a commodity trader. which brings me back to my question , SL does more harm than it does good ?

Subject: Re: CMT Level 1 Study Partner/ Group for preparing Oct 2012 Exam - by: Pankaj Bhatlawande

Sat, 06 Oct 2012 03:59:24 +0530

I am also appearing for Level-1 Oct,2012. email- pankaj07.coep@gmail.com

Subject: Re:Stop Loss - by: Manish Dewan

Fri, 05 Oct 2012 23:41:13 +0530

Nikhil.... lemme ask you When and how do you know that your "perfect analysis" is not "perfect" anymore? Regards

Subject: Re:Stop Loss - by: SRIKANTH RAYIPATI

Fri, 05 Oct 2012 23:32:08 +0530

@Nikhil What happened today in nifty could be characterized as a one off event. IMHO:- One cannot reduce the value of keeping stop losses due to such events. Regds Srikanth :)

Subject: Stop Loss - by: Nikhil Dogra

Fri, 05 Oct 2012 23:24:06 +0530

The event which we witnessed today has made me question this belief. Market crashed 900 points only to recover and taking traders stop losses along the way in this roller coaster ride. I feel that improper stop losses are the number one reason of trading losses despite totally "perfect" analysis. Why do we have to trade with a stop loss ? So my question is Does stop loss does more harm than good ??

Subject: Re: Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: SRIKANTH RAYIPATI

Fri, 05 Oct 2012 23:23:38 +0530

A very good compilation by Dr Bhooshan Shanbhag. Thanks & Regds Srikanth

Subject: Re:Job as a trader. - by: Nikhil Dogra

Fri, 05 Oct 2012 23:04:04 +0530

Gaurav Jain wrote: Especially about making it into Futures First? Looking forward to your suggestions as always!!! :) Regards. Send your CV to their HR via their website, give their tests and best of luck

Subject: Re:Moving Averages. - by: Nikhil Dogra

Fri, 05 Oct 2012 22:57:13 +0530

Nice and very informative article. I have used each one of them in my experimentation days and i have come to conclusion that MAs are just smoothing devices and hardly useful in actual trading [as a guide sure but solely on MAs hmm] . I will share a recent example , In WTI Crude Oil there everyone said that $90 is 100 dma and a support zone, what happened in reality was when price reached $90 it pierced right through it without any pause just like a knife through a butter :-D

Subject: Re:Job as a trader. - by: Gunjan Dua

Fri, 05 Oct 2012 16:21:02 +0530

Good Luck for the job hunt and for the Level 2 exam. Your passion for whatever you want to do in life and the dedication towards mastering the concepts and then using them when required will make you successful. ATMA teaches us a lesson which is visible on the home page and that lesson is Live life the ATMA way with Integrity , Intellect and Inspiration. Keep Learning and keep working hard with an eye towards the goal. Goodluck, Gunjan Duaa.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Manish Dewan

Fri, 05 Oct 2012 10:58:54 +0530

Bhavesh, I appreciate your enthusiasm and participation in ATMA forum. But I would request you not to use these forums as a message board (as found elsewhere) inorder to share trading calls. The forums at ATMA are a platform where amateur and professional technical analyst from all over India give their quality technical inputs on various financial assets and the idea of participating in such forums is to share, learn and grow. Regards

Subject: Re:Job as a trader. - by: Gaurav Jain

Fri, 05 Oct 2012 10:26:24 +0530

Dear Moderators, Awaiting for your reply eagerly!!! Please share your expertise! Regards.

Subject: Moving Averages. - by: Gunjan Dua

Thu, 04 Oct 2012 22:39:25 +0530

This link to the article will help to understand the newer moving averages a little better. http://www.traderplanet.com/articles/view/161639-mean-revision-modern-day-moving-averages/

Subject: Re:NIFTY/ GOLD/ INR - by: Bhavesh Chedda

Thu, 04 Oct 2012 20:48:24 +0530

Hi Goutham Sir, Thanks for ur valuable feedback. We have seen Dollar/INR closing today around about 51.95 levels and even nifty(both spot and future) are convincingly trading above 5720 levels and provided something does not happen overnight we may very well see nifty closing nifty above 5720 weekly basis. So what targets should we be looking forward to? I personally feel the steam is over and the last leg may see another 100 nifty points, but equally 5450 seems to be the new base

Subject: Re:CMT Level 2 QUESTION BANK Now Available - by: sachin kulkarni

Thu, 04 Oct 2012 20:11:07 +0530

Dear Bhooshan Sir, actually there is a limited sample Q/A set on MTA site available only one. as i am appearing for level-2 on 20th i was looking for this type of book which may help me. once again i got it and gone through it as expected its really a good one to have.a very very practically designed book. once again thanks Bhooshan Sir.and i would like to recommend all my companions definitely go through it.

Subject: CMT Level 2 QUESTION BANK Now Available - by: Bhooshan Shanbhag

Thu, 04 Oct 2012 19:56:48 +0530

Dear All, Detailed question bank for CMT level 1 and Level 2 is now available on www.lulu.com (http://www.lulu.com). Just go to this site and search under e-books category for cmt. You will require Adobe EPUB reader, which is available FREE OF CHARGE on the same site. https://www.atma-india.net/images/fbfiles/images/Title_Page__level_2_jpeg.jpg

Subject: Re: Larry Berman Seminar at BSE Trading Hall - by: VINIT PATIL

Thu, 04 Oct 2012 17:14:15 +0530

over all it was very gud........ :-)

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: SRIKANTH RAYIPATI

Wed, 03 Oct 2012 21:54:55 +0530

You need to make a payment of 14.99$ and then you can get it. Regds Srikanth

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Vaibhav Chudasama

Wed, 03 Oct 2012 21:40:49 +0530

hello, @ Bhooshan sir,after v click on continue, it is asking info. for payment.. so its not free. right?

Subject: Re:TCS Monthly - by: vinod kumar vissamsetty

Wed, 03 Oct 2012 16:14:25 +0530

Hi I think the trendline needs to be amended. On amendment it can work out as Inverse Head and Shoulders rather than cup and handle. Cup and Handle needs to have a clear uptrend and then a cup and handle. Secondly, its not suggestable to use a chart of more than two years. thanks vinod

Subject: A breif confirmation to my Analysis on 1st Oct 2012 - by: Brijesh A Soni

Tue, 02 Oct 2012 22:27:16 +0530

A brief confirmation to my Analysis came yesterday i.e. 1st Oct 2012, when the level of $1792 was tested. As soon as the level arrived, I guess commercials got active that brought gold back to $1773 in just 30 Min Candle, was it commercials will be confirmed only when the COT report comes out. Watch this level carefully, lot of surprises seems to be ahead about, will this speculators and hedgers will be able to break this $ 1792 level or one should expect sharp correction to $ 1712 levels if not breached soon. Brijesh A Soni Mail Id: brij_soni@hotmail.com Ph: 0091 9978993383

Subject: Re:CMT level-2 - by: Rupesh Solanki

Tue, 02 Oct 2012 18:06:42 +0530

I have mailed you the PPT please cheak it.

Subject: Re:CMT level-2 - by: Aditya Thukral

Tue, 02 Oct 2012 17:34:08 +0530

I want last year's Malkansview powerpoint presentation on Level-2. Anybody having it can please mail me at aditya.thukral423@gmail.com .

Subject: Re:TCS Monthly - by: Santosh Kaluskar

Tue, 02 Oct 2012 11:02:21 +0530

Hi RupeshJi, Thanks for the input, missed that point. will keep that in mind. Thanks again & regards Santosh

Subject: Re:TCS Monthly - by: Rupesh Solanki

Tue, 02 Oct 2012 06:14:27 +0530

Hi, As far as pattern is concerned it is Cup and handle pattern BUT Your TCS chart has two flaws in it, 1.It is charted without adjusting for splits & bonuses. 2.even if any stock declining from 2100 to 358 levels ,it should be plotted on Logrimithic scale. please see the proper chart of TCS attached. http://www.atma-india.net/images/fbfiles/files/TCS.jpg

Subject: TCS Monthly - by: Santosh Kaluskar

Mon, 01 Oct 2012 23:24:22 +0530

Hi, Here is a chart of TCS monthly. Would like to know weather this can be termed as a valid Cup and Handle Pattern? http://www.atma-india.net/images/fbfiles/images/tcs.PNG

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Bhooshan Shanbhag

Mon, 01 Oct 2012 20:21:53 +0530

@SRIKANTH RAYIPATI - Yes, it can be downloaded immediately. Also you may require an epub reader software which can be downloaded FREE OF CHARGE by following a link at the right bottom corner of the same page ( Adobe epub reader installation).

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: SRIKANTH RAYIPATI

Mon, 01 Oct 2012 17:43:09 +0530

Dear Shanbhag Sir, Can the ebook be downloaded instantly once the payment is made? Regds Srikanth

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Bhooshan Shanbhag

Sun, 30 Sep 2012 20:37:08 +0530

But this price is introductory offer and price to go up soon

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Bhooshan Shanbhag

Sun, 30 Sep 2012 19:46:49 +0530

Yes that is all.

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Bhavesh Chedda

Sun, 30 Sep 2012 19:18:19 +0530

We need to pay 14.99 $ right and nothing more.

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: SRIKANTH RAYIPATI

Sun, 30 Sep 2012 18:54:30 +0530

Thank you Sir Regards Srikanth

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Bhooshan Shanbhag

Sun, 30 Sep 2012 17:49:56 +0530

@SHRIKANTH RAYIPATI - Just click on add to cart and then checkout and continue. No need to enter anything in coupon code.

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: SRIKANTH RAYIPATI

Sun, 30 Sep 2012 17:03:57 +0530

Good

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Bhooshan Shanbhag

Sun, 30 Sep 2012 16:46:06 +0530

Free uploading or copying or distribution of this question bank will be direct breach of copyright act as the material is under a registered standard copyright. It will also be a breach of code of ethics of MTA under code 8. Even under international law, plagiarism is a hideous crime. Do not plagiarise and avoid piracy as a honourable member of ATMA.

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: yogesh daruka

Sun, 30 Sep 2012 13:26:50 +0530

Can anyone upload this question bank so that we all can use for free and use it to the best.

Subject: Re:Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: sachin kulkarni

Sun, 30 Sep 2012 09:33:59 +0530

Thanks Bhooshan sir.as there is limited or only one Q/A set availabel on MTA site for level-2 this book will definitely help.i got it and gone through all sets.its different and surely help.thanks.

Subject: Question Bank on CMT 1 & 2 available. Don't be left out!!! - by: Bhooshan Shanbhag

Sun, 30 Sep 2012 08:43:58 +0530

http://www.atma-india.net/images/fbfiles/images/Title_Page_2jpeg.jpg Detailed question bank on CMT level 1 is available on www.lulu.com. Just log in to this site and search for ebooks for CMT. It contains over 660 questions with answers and reference. These are divided into 5 question papers in CMT format. An essential tool for all those who aspire to clear CMT this October. For level 2 candidates also it will be very useful as quite some syllabus is common.

Subject: CMT Level 1 Study Partner/ Group for preparing Oct 2012 Exam - by: Gaurav Idnani

Sat, 29 Sep 2012 21:42:57 +0530

Hi Everyone, I am looking for CMT Level 1 study partner/group for preparing Oct 2012 exam. With about 3 weeks left for the exam this would help us for the revision or probably sharing of notes and can discuss on the various topics which will help us preparing in a better way. I am from Mumbai. Please let me know if anyone is interested for the same. My email ID is gauravidnani@yahoo.com Regards, Gaurav Idnani

Subject: Safe Haven Commodity: GOLD ANALYSIS - by: brijesh soni

Fri, 28 Sep 2012 16:19:39 +0530

Please find attached the Gold Analysis done by me on a broad based Sentiment and Liquidity factors after Quantitative Easing Round 3 by Federal Reserve. http://www.atma-india.net/images/fbfiles/files/GOLD_ANALYSIS_By_Brijesh_A_Soni.pdf

Subject: Re:Which indicators work best on Short-term trading? - by: Mayur Sampat

Thu, 27 Sep 2012 22:21:25 +0530

For short term trading I use 9 W MA and 30 W MA, on a 3 min chart it works fine with highly volatile scrip like Bank Nifty with RSI divergence as confirmation.

Subject: Looking forward for forming a study group for CMT Fall 2012 - by: Anubhav Sethi

Mon, 24 Sep 2012 13:08:00 +0530

Hey ATMAites, As the date for CMT Exams is approaching nearby, lets get together and form a study group so that we can share our knowledge and pool in our resources and prepare together. I am Delhi based and looking forward for other candidates appearing for CMT level 2 this Oct from delhi All those who are game for the idea, lets get in touch and start hardcore preparation Anubhav Sethi 99999 73373

Subject: Re:Gold _ Wave Count - by: Manish Dewan

Mon, 24 Sep 2012 09:20:47 +0530

I was'nt very happy with my last wave count. So here's my base case scenario re-done. http://www.atma-india.net/images/fbfiles/files/Gold-20120924.jpg Regards

Subject: Re:Which indicators work best on Short-term trading? - by: Viral Patel

Sun, 23 Sep 2012 13:02:47 +0530

for Intraday Try to adopt 8x13 EMA crossover point,will give u good result, and keep keep trail SL of 18 ema any any frame of chart 5 minutes, 10 minutes, or 30 minutes.

Subject: Re:NIFTY Medium term/Long Term targets - P&F - by: Santosh Kaluskar

Sat, 22 Sep 2012 23:39:36 +0530

Hello, Ive started using PnF technique recently & have found it as an excellent tool in identifying probable stopping/turning points and mainly in forecasting probable price targets. Iam using 50X3 and 25X3 for Nifty. I would like to know from the seniors using this technique, weather using 25X3 Box size is appropriate for Nifty? Attached is a 25X3 chart of Nifty Spot. Regards Santosh. http://www.atma-india.net/images/fbfiles/images f25X3.PNG

Subject: Re:Candiates appearing for CMT 1 in Fall (Oct) 2012 - by: Vedprakash Gehlot

Sat, 22 Sep 2012 20:55:46 +0530

Mr. Auprva, This forum is not for asking like this, so many candidates are appearing for CMT L1, just ask relevant facts you want to know. If you have any query pls just share it?

Subject: Candiates appearing for CMT 1 in Fall (Oct) 2012 - by: APURVA SHETH

Sat, 22 Sep 2012 17:34:39 +0530

Hey friends, anyone out here appearing CMT 1 on 20th October 2012??

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Sat, 22 Sep 2012 12:16:17 +0530

Hi Bavesh, Nifty Spot has to close above 5720 , The bullish stance continues only if nifty spot closes above 5720 , or else it may correct sharply to 5180 levels, I know its too early to give a bearish call before price gives confirmation. We have to watch 5720 level on closing basis, Its better if it is weekly close. The silver lining in Bullish stance is the Rupee, In the earlier discussion we have said Rupee will appreicate to 49 levels if 54.17 is breached. A Diamond pattern is formed in the USD RUPEE chart and the initial target is 52.20 and 49.00 One file attached Thanks Goutham 22 sept 2012 http://69.195.98.168/images/fbfiles/files/RUPEE.doc

Subject: Re:NIFTY/ GOLD/ INR - by: Bhavesh Chedda

Fri, 21 Sep 2012 13:33:32 +0530

Sir today Spot Nifty High 5720 and Futures 5735.55 ( till 1.30pm) . Sir does a close below 5710 would be any indication. And 5710 in spot or future

Subject: Re: NIFTY Medium term/Long Term targets - P&F - by: hardevsinh parmar

Thu, 20 Sep 2012 20:58:43 +0530

Dear Kesava, i like u r anlysis on nifty and want to know more about p&f charting with amibroker. can u guide us how to draw p&f chart as u have shown in attachment with the help of amibroker.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Thu, 20 Sep 2012 16:23:57 +0530

Really good one Sushil Two days and look where we are after the gap up. Today we can discuss whether 5600 is a double top or are we going to break out for higher levels. My alternate wave counts attached. Green shows a running flat in B and C=.618 of A and yellow shows a double zig-zag. Both ending where we can call it a double top if it stop here. Still waiting for a clear 5 wave decline at lower degree though, say hourly, that would confirm things, else another X wave. http://www.atma-india.net/images/fbfiles/images/WaveChart-20120920.png

Subject: Re:Winner Winner Chicken Dinner !!! - by: Manish Dewan

Thu, 20 Sep 2012 12:59:13 +0530

I really wish I could unfortunately certain family commitments holding me up. Sorry wont be able to make thru.

Subject: Re:Winner Winner Chicken Dinner !!! - by: Manoj Jain

Wed, 19 Sep 2012 22:17:01 +0530

dear manish ji, its really inspiraing me to achive my desire goal.i feel glade if i meat you in bombay event on 6th oct12. manoj jain

Subject: Re:Winner Winner Chicken Dinner !!! - by: Sumeet Jain

Tue, 18 Sep 2012 11:10:07 +0530

Good one Manish. Its really inspiring. Regards

Subject: Re:Winner Winner Chicken Dinner !!! Part 2 - by: Sanjay Thakker

Sat, 15 Sep 2012 20:20:29 +0530

Thanks, Manish. Really thought provoking & inspiring. Keep it up. Best Regards, Sanjay D. Thakker

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Sat, 15 Sep 2012 19:40:30 +0530

In the previous discussion we were banking on Nifty to hit 5630 to 5650 levels , we are very near the target and we might hit on monday ( 17th sept ) 5710 will hold a strong resistance , If it surpasses 5710 fine or else we can see a good correction from here. This is the projected target from 4770, More over the move from 4770 does not seem to be impulse,

Subject: Winner Winner Chicken Dinner !!! Part 2 - by: Manish Dewan

Sat, 15 Sep 2012 15:40:34 +0530

Part 2 To continue from 1st part, once you have certain bit of understanding about yourself you are ready to acquaint yourself with your burning desires and enter stage two . These desires could be anything ranging from acquiring material riches to reaching a desired social strata or reaching a stage of wisdom and acquiring certain knowledge. Mind you, these desires when first light up in your mind would be in the form of “THOUGHT” and with numerous repetitions cement themselves in your mind as desires. I have personally met few people in my short life till now who really understand the true power of “THOUGHTS” and these people are really successful people in there fields. They have got everything they could ask out of life ie. money, fame etc you name it and they have it. For those who are new to this concept, let me tell you that “THOUGHTS” are as real, material and tangible as a Red Ferrari standing in a showroom. When your thoughts turn into burning desires and you combine them with definiteness of purpose, persistence, commitment, faith and concentration your chances of success and winning in everything you do would be as certain as law of gravity. For this, you have to initiate the process of turning your “THOUGHT” to a burning desire and desire to a dominating obsession. When I resigned from a hefty pay package and post of Vice President in my last job, I had burned all bridges behind me and my back was against the wall. (Mind you this is a very important step towards success and winning . If you ever want to succeed in life just throw yourself in a situation form where turning back is not an option because when it comes to winning in life failure is not an option. If you live with options you tend fall back on them which deviates you from your goal, always find excuses to shy away from doing what’s necessary and blame circumstances for your shortcomings). In my case all I had was my family’s support and savings enough to scrape me through 6-7 months. The only obsession I had in my mind was to get my CMT charter in shortest possible time and start trading on a plan which is consistently profitable till the time I get my dream job. This transition required me to have LOT’S of self belief and faith in my abilities. And today as I write this post I have achieved both my goals and within the time period set by me. Thru my experience I can emphasize only on one thing ie. what life can offer you is so much more that it even surpasses your greatest imagination, you just have to be greedy and stubborn enough to demand for it. Winning is a contagious habit which feeds on itself, the moment you taste first blood you just can’t get enough of it for rest of your life. You can win and succeed everyday of your life, just follow the right approach. All the answers are within you and there’s nothing new under the sun. So, I would request everyone who are stuck in their life by making a small beginning to test principles of success by participating in the ATMA Rewards program and aim for the top prize b’coz…… CHICKEN DINNER IS ONLY RESERVED FOR THE WINNER!!!! Regards…Manish Some books that inspired me: a) The Instant Millionaire b) The Millionaire’s Secrets

Subject: Re:Silver - Wave Count - by: Ananth Acharya

Sat, 15 Sep 2012 14:47:49 +0530

I was away for the last few days due to some serious health concerns. As I said before the confirmation was only on a fall below $29.8 levels and that did not happen. I now wait to see the pattern that unfolds next, to make a larger view on he precious metals. If we do see an Impulse down taking out 31.62 levels, then the fall should be steep and swift. Why an Impulse? Long answer - See the article "Market Mirrors" published in Atmaspehere June 2012. More later next week as the Elliott Wave pattern clears up Anant

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Kapil Tandon

Sat, 15 Sep 2012 14:02:45 +0530

I reiterate my analysis made 2 months and one week back, per me all the given targets are not only triggered but we are also nearing the one given in the post at that time, the relevant chart and analysis can be seen in the post at http://www.atma-india.net/component/option,com_kunena/Itemid,10/catid,19/func,view/id,435/limit,6/limitstart,54/ Kapil Tandon.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Sushil Kedia

Fri, 14 Sep 2012 11:52:10 +0530

CAUTION, when the world is CHERUBIC and TEMPEST when the world is SOLEMN. Most of the key charts are in RALLYING patterns and do not have impulse structures. CAUTION. I will be very carefully watching for any firm signs of reversals coming in, in say two days. If it comes, I will prefer to plug in larger trades on the downside, THEN. Till then, gap-shap, thodi chai-vai.. CNXIT is likely completing C of a larger ABC, Nifty itself is likely completing a B. If however after Two days also there is a tempest some selective very short term trades could be added on the long side still. Large spurts on either side, often do end up as traps. Aaj dhamaka huva hei, to aaj hee kyun ghusna hei. Let the debris clear and lets figure out if there are any dead bodies. If no dead bodies, then game is over. I will wait and smoke my caution cigar, for now.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Rahul Singhal

Fri, 14 Sep 2012 11:24:47 +0530

Attaching the charts again.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Rahul Singhal

Fri, 14 Sep 2012 11:22:18 +0530

Hi All, We have reached a point in both Indian markets and Global Markets where a lot of questions are being asked about the long term trend of the markets. Bulls have been on a rampage recently while bears have been running for cover. ---US Markets are at a highest level since 2008 ---US Vix is at the lowest level since mid 2007 ---Liquidity injection by central banks has drastically changed the public mood (which i find similar to 2008 when it was said that some banks are too big to fail and govt. cant let them fail) ---India Vix is at the lowest level since Nov 10, meaning the investing community is most bullish since the peak of Nov 10. With Fed and ECB opening the liquidity gates the question to be answered is: will it work? My answer is: I dont know. According to my analysis i might have/are ending this upmove. But what i know is that the liquidity injection has a burden of approx $3 trillion on Fed. Will it have the fire power when it is actually required? I have attached the series of charts which indicate that we are currently at a major resistance level in Indian as well as Global Indices and in some cases a throw-over. Well is it a throw-over or a breakout?

Subject: Re: Winner Winner Chicken Dinner !!! - by: Sanjay Thakker

Fri, 14 Sep 2012 00:55:41 +0530

Sushil, You asked - who is Manish Dewan ? Now I know or may be just a bit about Manish Dewan. Manish, Really inspiring. Thanks, Dear... Regards, Sanjay

Subject: Re: Winner Winner Chicken Dinner !!! - by: Sushil Kedia

Fri, 14 Sep 2012 00:10:51 +0530

Awesome Manish. Meals for a lifetime in this note. Will wait to hear from you, further and what other achievers in the ATMA membership have to put in on this note.

Subject: Winner Winner Chicken Dinner !!! - by: Manish Dewan

Thu, 13 Sep 2012 23:53:18 +0530

Who is a winner or what is winning? I have decided to write this post as a Two part series as there’s so much going in my mind and there’s so much I want to express. It is a very relative term for me. For, some would say that achieving your goals in a defined timeline is winning others may say coming first in a competition under defined benchmarks/parameters is winning. People also use words success and winning interchangeably (although for me success is a broader term than winning) so I’m gonna do the same in this post. For me” winning” has a very simple definition : In micro terms it means “Everyday doing what I like to do and in the way I like to do” and In macro term it means “Achieving whatever I like to achieve” In my childhood whenever I got bad grades in my subjects my parents used to repeat me a very important lesson of life ie. the winners/toppers are not the one who works hard or smart but the one’s who think different than others. But, no one taught me how to think differently which could in turn open doors of success and place me in the elite category. I had to rely on my own trial and errors (mistakes) to find that elusive formula. But as that infinite intelligence has it’s own way of doing things, many years past by but I could not neither decode the formula of success nor claim myself to be a part of winner’s club. All I had was my share of success’s and failures. Things really started changing for me couple of years back when I went through some personal development books. I realized what an idiot I was because all the answers I was searching for years were nowhere else but inside me. All of a sudden I felt that I have been slapped tightly and I had awakened from a deep slumber. The first lesson of success I learned was that I was my biggest enemy for all these years, It was me and no one else who was limiting myself from realizing all my dreams and ambitions. For, all these years I was as if under a hypnotic rhythm which was floating me away from my purpose of life. I call this hypnotic rhythm as “Habit”. A habit of thinking in a negative way, a habit of doing things loosely, habit of procrastination etc. I realized that if I want to give myself a real to chance to succeed I have to break this pattern, these habits, this maze. So, the first thing one has to do inorder to turn himself into a winner is to study and understand oneself. You have to know what are your strengths? what are your limitations? What are your pressure points? What exactly is your thinking process? . You have to set yourself on the path self discovery if wish to succeed because the more you know about yourself the better use of your abilities can you make. I would even say it’s not bad to be selfish and self centric till the time you know who you are and accept yourself as it is. End of part 1 of 2.

Subject: Re:Positive Reversal - by: Manish Dewan

Thu, 13 Sep 2012 23:37:50 +0530

Hi, Concept of positive reversal was first introduced by Andrew Cardwell. He teaches this and various other concepts thru his instructional courses. In which he states that 5 period reversals are the most effective one. As the pattern (positive egative reversals) starts taking more time to form the efficacy of the pattern decreases. Apart from this there are some more factors which needs to be taken care off while trading on PR/NR. I have also seen even 15 period patterns panning out quite well. The one in your example is a 7 period PR (which is quite good). But I would also say as no. of periods increase the importance of SL also increases. Regards

Subject: Positive Reversal - by: S M GOUTHAM CHAND

Thu, 13 Sep 2012 22:23:42 +0530

NIFTY Spot had made a Positive Reversal today in Hourly chart One file is attached , The RSI is marked as W, X, Y And the corresponding closing prices are taken, At point W 12sept 1.30 bar the close is 5405.70 At point X 13 sept 1.30 bar the close is 5428.95 And the difference is 23.15 Now if you add 23.15 to the bar at Y ( 5444.10 ) You get 5467.25 Now the Minimum upper target is 5467.25, It can move further This will be useful for CMT level 3 candidates for there exam preparation. You can find in detail in the Book TECHNICAL ANALYSIS FOR TRADING PROFESSIONAL BY CONSTANCE BROWN. In Positive and Negative Reversal you can calculate the target, Of course Stop Loss is also important. http://www.atma-india.net/images/fbfiles/files/POSITIVE_REVERSAL.doc

Subject: Re: CMT Webinar Sessions Fall 2012 - by: Ashwani Tiwari

Thu, 13 Sep 2012 19:50:39 +0530

Thanks, please let me know when you plan to do that

Subject: CMT Webinar Sessions Fall 2012 - by: Vishal B Malkan

Wed, 12 Sep 2012 12:18:43 +0530

All aspiring candidates of CMT level 1/2/3, once again Malkans will conduct a CMT refresher sessions through Webinar Series for each level. Dates will be annouced shortly. Cheers - Vishal B Malkan

Subject: Re:Fresher's Keep it up - by: Sanjay Thakker

Tue, 11 Sep 2012 22:26:12 +0530

Hi Sachin, Request you to mail it to me also on iamthakker@gmail.com Regards...

Subject: Re:Fresher's Keep it up - by: sachin kulkarni

Tue, 11 Sep 2012 22:15:07 +0530

yes manoj ican definitely share it with you.will send it on your id.

Subject: Re:Fresher's Keep it up - by: Manoj Jain

Tue, 11 Sep 2012 21:58:19 +0530

can you please share this article if possible? my id is eldermanoj@gmail.com waiting for your reply

Subject: Re:Silver - Wave Count - by: Viral Patel

Tue, 11 Sep 2012 20:55:54 +0530

37 $ is Stiff resistance, and likely to consolidate in range of 31 - 34 for some period,clear direct will receive after FOMC announcement for Third round of Bond Purchasing programme. (Q E 3)

Subject: Re:Fresher's Keep it up - by: sachin kulkarni

Tue, 11 Sep 2012 14:05:36 +0530

regarding simplicity of technical analysys i would like to post one article which i read somwhere which may help new peoples like us. "My work has gotten better due to simplifying my approach," John J. Murphy, the veteran technical analyst, author and CNBC resident technical analyst, told a group of equities and futures traders attending the Technical Analysis Group (TAG) XVIII trading conference sponsored by Dow Jones Telerate in New Orleans. Murphy said he relies heavily on five or six "useful" technical indicators, includin...g relative strength indicators, trendlines, moving averages, Bollinger bands, classic chart patterns such as triangles and double tops, and Fibonacci retracement levels. "You must trade a combination of technical signals, not just one" indicator, said Murphy. He said that many times he'll set up a "good" column and a "bad" column regarding technical studies. If the "good" column has the overwhelming evidence supporting a selected trade, Murphy will enter the trade. But if the evidence supporting a trade is not strong enough, he'll bypass the trade. Murphy correctly called the topping of the U.S. semiconductor stock index (SOX) during mid-summer (of the year this story was written). His reasoning was plain and simple: the SOX uptrend line was broken, followed by a double-top formation. "The first sign of a top is breaking of an uptrend line," he said. On moving averages for individual stocks, Murphy likes to use the 50-, 100-, and 200-day moving averages. If the 200-day moving average on an individual stock is broken on the downside, "big trouble" is in store for that stock. Also for stock sectors, he said if a 50-day moving average breaks down, "that sector is in trouble." Charting a stock market sector divided by the S&P 500 is a favorite method the veteran technician uses to determine if a given sector is underperforming the broad market. (Examples: SOX index divided by S&P 500 index, or NASDAQ index divided by the S&P 500 index.) Another good technical indicator is the Moving Average Convergence Divergence (MACD), said Murphy. The MACD uses exponential moving averages, as opposed to the simple moving averages used with an oscillator. Gerald Appel is credited with developing the study. Longer-term technical signals are more powerful than shorter-term signals, said Murphy. "Longer-term charts give you the value of perspective," he said. Many traders consider Murphy's book, "Technical Analysis of the Futures Markets" to be the bible of technical analysis. Murphy heads his own consulting firm, based in Oradell, N.J

Subject: Re:Fresher's Keep it up - by: Rajat Gupta

Tue, 11 Sep 2012 00:15:29 +0530

Yes...Mr.Manoj,i fully agree with you. Nowdays complications has become part of this industry...just like HOW EXPERTS MAKE FOOL??... SO rather than making science easy people give complexities so that the new comer/fresher in the financial markets would get tuff things and it simply means that the person marale become down in the markets....T/A means making things simple not to complicate the things.. Don't demotivate people..that's it...!!

Subject: Re:Fresher's Keep it up - by: Manoj Jain

Mon, 10 Sep 2012 23:33:41 +0530

sir, i fully agree with you i am searching so many courses and websites and they are serving so many complication in terms of TA . NO-ONE GIVE SIMPLICITY IN THE WORLD OF TA.

Subject: Fresher's Keep it up - by: Vedprakash Gehlot

Mon, 10 Sep 2012 23:18:25 +0530

Mr. Gaurav It's my personal observation, that some people try to act smart like try to create complications in TA. In my view they are trying to sell their intelligence in terms of complicated version of TA. My Boss told me to live with " Satyam Shivam Sundaram ". Don't get indulge with it. Just believe on what u have learned. Ved :-D

Subject: Re:Job as a trader. - by: Gaurav Jain

Mon, 10 Sep 2012 16:37:06 +0530

Dear Seniors, I will be appearing for CMT Level 2 this october and then will apply for jobs. Can you please give any suggestions for us freshers? Especially about making it into Futures First? Looking forward to your suggestions as always!!! :) Regards.

Subject: Re:Which indicators work best on Short-term trading? - by: Nikhil Dogra

Mon, 10 Sep 2012 10:43:22 +0530

On tick charts i have experimented with 50/250 10/20 tick MAs but without the adequate executing capabilities it looks to me we are better off betting on ponies at the racetrack. Attached a tick by tick of Crude Oil of this morning & Saturday's action. Had i traded them [even if i would have had the executing capabilities] i am not sure if MA crosses exclusively without any filters would have made my day better. [IMG]http://i49.tinypic.com/ao3imw.png[/IMG]

Subject: Re:Which indicators work best on Short-term trading? - by: Manish Sarraf

Mon, 10 Sep 2012 06:24:01 +0530

Dear Sir, I usually check with 4 hour chart for short-term trading (say 2--5 days) and combine the same with SuperTrend & RSI indicator. Guidance for improvement will be appreciated. Manish Sarraf

Subject: Which indicators work best on Short-term trading? - by: Sushil Kedia

Sun, 09 Sep 2012 20:21:20 +0530

Do all indicators work as well on every time frame? Is there a range of time beyond which data gets blunted? For example I feel looking at monthly candles is an abuse of the method, since truly speaking the daily closing price is far far more important and happens much more frequently and there is really no significance apparent for why a monthly close should be so important and hence the monthly candles is an over-aggregation of data. In the same spirit what is the shortest time frame below which you feel candles become erratic and there interpretations reach close to randomness? Remember its a method that requires an open, high, low and close for a specific time period. Similarly, what time frames at the shortest do Elliotticians feel data starts producing noise? Similarly what time frames do moving average based traders feel that there is more noise than signal? Though I did meet with an ATMA member from Hyderabad, the man who owns Stampede Capital, who was then testing successfully MA systems that were trading ten tick moving average crossover above twenty tick moving average too. For that matter, whichever method one is using, what is the shortest time frame at which it is likely to become futile?

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Sat, 08 Sep 2012 15:04:52 +0530

In the previous discussion we said that if nifty closes above 5433 it may move to 5516 , Nifty crossed 5433 by just 15 points intraday and corrected sharply, Now the upmove has started and we can expect a level of 5516, If Nifty closes above 5516 then nifty can move towards 5630. Hopefully the Running flat correction which started from 5348 is completed around 5215

Subject: Re:Optimal Time Frame for short term trading - by: Nikhil Dogra

Sat, 08 Sep 2012 14:56:23 +0530

To be perfectly honest now when i trade i myself don't know whether i am making a day trade or a positional trade :-)) Like my mentor used to say "whats a trading range in one timeframe , may be a trend in another timeframe" For all i know one can enter a spread without any analysis and close off the positions at a maximum possible gain or least possible loss [Its a exercise recommended to me to emphasize importance of exits over entry] I repeat once again Our Exits determine our bank roll & not our entries :P

Subject: Re:Optimal Time Frame for short term trading - by: Natarajan Visweswaran

Sat, 08 Sep 2012 13:26:55 +0530

According to me for short term trading 5 min and 30 min work well and Daily only for analyis or understnading the Picture, 5 min and 30 min for entry and exit purpose. I found out from my own expereince that understanding of co-relation between timeframes we intend to use is very important than the timeframe itslef. Because esentially all time frame chart must say the same message with different languages, some less significance(if happens in lower time frame) to most significance patterns(higher time frame). If we can Understand the co-relation between time frame we might be able to find that significant signal relatively at an early stage with the help of lower timeframes. Kindly correct me if i am wrong.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Rahul Singhal

Sat, 08 Sep 2012 01:31:23 +0530

Hi All, The price action during the early part of the week i.e during the last part of the fall from 5449 to 5215 made me wonder why do we have the choppiness in an impulse. This is further supported with the move since last 2 days, which retraced more than 50%. Now this is only “a” which should end soon with “b” and “c” to follow. If this move takes us beyond previous high, the alternate count could be a rising wedge. If we look at the daily chart the movement from the June low of 4770, the price action does count better as a 3 wave structure in each wave, which looks like a rising wedge. (Attached Chart in word document) Here is the relationship Price Relationship Wave B = 54.6% Wave A Wave D = 55.9% Wave C Time Relationship Wave B = 46% Wave A Wave D = 55% Wave C Relationship between Wave A and Wave C Price Wave C = 72% Wave A Time Wave C = 69% Wave A So if we assume that this is a Wedge and project wave A and C relationship we get the following relationship Price Wave E = 300 Points (approx) Time Wave E = 12 Days (approx) With starting point as 5215 we get a target of 5515, with time wise projection of 17 – 18 Sep. If we do a price projection along with the rising trend line, it does meet in approx 7 – 8 trading days. (Attached Chart in word document) My rationale for the above count • Not a convincing 5 wave down from the high of 5448 • Number of trading days for the move from 5448 = 10. If we take recovery period based on Fibonacci that gives us 6 to 8 trading days, this gives us an approx date of 12 to 13 Sep. This gives us 2 weeks from expiry • Will the markets take a decisive turn with 2 week left for expiry especially since it has not done so in last 2 years? ( This factor above all has been running on my mind ) The above alternate gains weight only above 5400. A humble request to the seniors for their thoughts on the above observation. http://www.atma-india.net/images/fbfiles/files/Alternate_Count_Nifty.docx

Subject: Re:Optimal Time Frame for short term trading - by: Rupesh Solanki

Fri, 07 Sep 2012 18:46:06 +0530

For a day trader every day is a new-day with clean blank chart beginning to form at 9.15 A.M.he is not concerned about the previous day action.due to this factor it takes about 15 minutes for all the momentum indicators such as RSI,ADX,moving averages etc to start functioning.so for him 1 minute bar is the smallest time frame to plot his chart.Also the most action is in the first hour of the session .As the day progresses one can switch to 5-minute bars.therefore I think 1 minute is the smallest time-frame to plot a bar interval .below this interval ,there are computers playing against each other as in high frequency/algo-trading .you cannot outsmart these machines.

Subject: Re:Optimal Time Frame for short term trading - by: sachin kulkarni

Fri, 07 Sep 2012 17:30:48 +0530

as like nikhil i also use all time frames from 5 mins to daily for short term trading.but dont depend on any single no because i shift to next larger time frame to look for supports or resistances to close or hold the trade.for e.g i had entered a long trade on 15 mins signals then i will look for resistance on 60 min if didnt found on 15 min for exit and so on.some times exits are earlier and trend continues but found better to exit earlier than hold and losse.not only entry is imp but exit in max profit is imp.so as like indicators in time frame also we can not rely on any single no.

Subject: Re:Optimal Time Frame for short term trading - by: Nikhil Dogra

Fri, 07 Sep 2012 17:09:01 +0530

In that case there is no such limit , i have plotted 100/400 tick charts & traded off of them BUT they are too fast for a manual trader although it will also be wrong of me to say they cause maximum noise/loss [If we are quick then smaller the timeframe the lesser the risk there is provided we are entering the trends direction :P ] & in line with all handicaps faced by Manual Traders and what i have realized is that We all focus on "Entry" & we don't even spend half as that much time thinking about "Exits" and all i know is that our success is based solely on our Exits & not our Entries. Squared Number Timeframes i have not used , but i would surely explore them. However Squared number on Price i.e. 25/36/49/64/81 etc have been turning points in stocks in my experience.

Subject: Re:Optimal Time Frame for short term trading - by: Sumeet Jain

Fri, 07 Sep 2012 15:11:22 +0530

One should not look at anything below 30 min in my opinion, anything below that can give whipsaws

Subject: Re:Optimal Time Frame for short term trading - by: Sushil Kedia

Fri, 07 Sep 2012 14:45:51 +0530

Let me para-phrase my question: "What is the smallest time-frame below which a Technical Short Term trader should refuse to plot his bars? Is it one minute, three minutes, five minutes, ten minutes or an hour? Why? Also why do most of us think in terms of numbers as one, three, five, ten minutes and hour. How about testing if better pattern reading happens at prime number of minutes for example or at Squared Numbers? Or is it that I am trying to think too much?

Subject: Re:Optimal Time Frame for short term trading - by: Nikhil Dogra

Fri, 07 Sep 2012 13:32:13 +0530

I have to say it depends on one's personality. I use M/W/D/4H/1H/15 Min/5 Min/1 Min i.e i am comfortable with these timeframes & my beliefs decide which time frame to choose for trading. if i see my belief panning out in either one of these timeframe i will trade accordingly. Optimal timeframe for me personally is 1H.

Subject: Re:Optimal Time Frame for short term trading - by: Bhavesh Chedda

Fri, 07 Sep 2012 11:58:03 +0530

1 week to 1 month and sometimes 3 months

Subject: Optimal Time Frame for short term trading - by: Sushil Kedia

Fri, 07 Sep 2012 00:52:58 +0530

What time-frames become too small and start putting in too much noise is a question that has been smashed to smithereens by the ever-smartening algos. But for merely human, this question can still be discussed. So what is a time frame or sets of time frames any of us here choose? Why?

Subject: Re:Ichimoku Trading System - by: Bhaskar Radadiya

Thu, 06 Sep 2012 17:20:56 +0530

Yes, some problems in attachment....

Subject: Re:MCX Silver: Target for 63500 almost done.... - by: Nikhil Dogra

Thu, 06 Sep 2012 17:09:21 +0530

I don't have the luxury to be in contact with any person of Soni Bazaar but non the less Volume, Open Interest & Price indicated that the commodity was either being Accumulated or being Distributed & once it broke above 54200s on SilverM [ I use this for analysis since traders participation in this is more w.r.t the Big Silver] only thing that was to do was ride with the Bulls & in fact this commodity was being Accumulated. I am not sure whether this trend will continue or not but one thing i do know is that easy money for Bulls have been made & now the pickings for Bulls will be hard :)

Subject: Re:Ichimoku Trading System - by: Anand Sancheti

Thu, 06 Sep 2012 16:54:06 +0530

There is no link or attachment.

Subject: Cloud Resistance at 5300:5310 Lower slanting line, - by: Bhaskar Radadiya

Thu, 06 Sep 2012 15:28:34 +0530

36HEMA putting some pressure for 5310 Mark... Since last 16 hours we are facing Strong Downward Slanting Resistance power from 36HEMA (36 Hour Exponential Moving Average). This downward behavior creating more pessimism around 200DWMA line which very much important level as of now... At presently Index Future trading inside the Falling Channel and also trying to cross 36HEMA line.... Even after Crossing this barrier we will Long in Index Future only above 5300 Zone because this level suggest Channel's Upper Band and Entry Point in Cloud Area (Ichimoku Cloud Theory).... Once the Index Future enter into the Cloud area, we can see Finger Point buying in almost all Front counters... Follow the Rule:: Don't trade without confirmation... It's better to Buy Costly after Confirmation Zone... We will long above 5300 mark and Short below 5230 now.... The range of 5230:5300 looks like Mining Zone...

Subject: MCX Silver: Target for 63500 almost done.... - by: Bhaskar Radadiya

Thu, 06 Sep 2012 12:54:57 +0530

MCX Silver: Target for 63500 almost done.... We were bullish in MCX Silver since Mid August due to four important signals for long side. On Weekly basis we found; 1) Price's sideway behavior for two months with minor changes, 2) positive signal from Stochastics(14,3,5) and very much important one was 3) Support and Reversal from Accelerating Trend Line and finally bulls controlled the game when 4) Price penetrate from 20WWMA and Lower highs' downward slanting Trendline.... Signals were really fantastic!!!.... But why 63500 for our Target? Well, this is the level where a small "V" shape recovery has been formed before a long term Bearish - to - Sideway trend in Silver...Just look at line chart in your screen with Weekly Base time frame and you will get the justification of our Intermediate Target... Apart from Price Signals from Screen, we were continues in touch with "Soni Bazaar" for Real Views of Buy and Sell because this is the Metal of Rajkot!!!..... :)

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Manish Dewan

Thu, 06 Sep 2012 12:37:18 +0530

May I suggest that you draw this rising wedge with the perspective of an Elliottician. This would provide more accurate boundaries of the wedge and save u from whipsaws. BTW, Elliottician's call these wedges as "Diagonals". Regards

Subject: Support....Support....Support...... 5250!!! If Support, it would be??? If not, what would be??? - by: Bhaskar Radadiya

Thu, 06 Sep 2012 10:43:48 +0530

Support....Support....Support...... 5250!!! If Support, it would be??? If not, what would be??? Yes, this is the level of 5250 support zone and we are waiting since Top Out level of 5445. Finally it achieved with heavy panic activities in almost major Front Counters. But What next? Despite of three signals which are suggesting strength of 5250 level, we've doubt about the sustainability. However, we are not completely bearish but can say it's the waiting period where many things must be confirm... Why 5250?... This level suggests three important technical signals which prove the importance of 5250 Level. 1) 200DWMA line 2) so-called Rising Wedge's lower edge support line and 3) Ichimoku's SenkouSpanA line's higher band level.... Hence, we are expecting more from this level as per Technicals. CHART:: S&P NIFTY Future Continues Daily Chart Don't think too much about "what...if Support Break???" at least at present. Because such kind important level break situation always carry 'Panic' in the market... In such situation we will trade in Bearish Sentiments....

Subject: Re:RISING WEDGE in Nifty daily - by: Nikhil Dogra

Wed, 05 Sep 2012 23:25:46 +0530

Not so sure whether its a falling wedge or not but yes probability of markets trading lower seems high. Some strong events are lined up to provide the trigger :- http://www.marketwatch.com/story/is-this-a-week-to-remember-or-forget-2012-09-05 With the shrinking Volatility my take is that Markets are themselves not sure which way they want to break. My bias as always are versatile if the market doesn't go up then it ought to go down & vice-versa

Subject: Re:RISING WEDGE in Nifty daily - by: GUNJAN DUA

Wed, 05 Sep 2012 18:34:44 +0530

Rather than Placing just a link a small description would have been better. A single link appears as spam. In Your chart you are using 5 moving averages but nothing is mentioned about them. Are so many MA's Required ?

Subject: RISING WEDGE in Nifty daily - by: Natarajan visweswarn

Wed, 05 Sep 2012 18:25:19 +0530

http:/ etwork.mta.org/MTA/Go.aspx?c=BlogViewer&BlogKey=f7b5e045-4e32-429a-afca-d5c57ff417d8

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Natarajan visweswarn

Tue, 04 Sep 2012 17:20:33 +0530

Yes it looks like an rising wedge formation yet not picture perfect, but i too sense its a rising wedge. Normally rising wedges targets after breakdowns are near the start of the wedge formation in this case near 4800. http://atma-india.net/images/fbfiles/images/NSE_Nifty.GIF

Subject: Re:Gold _ Wave Count - by: Manish Dewan

Tue, 04 Sep 2012 12:44:27 +0530

my 2 cents on the Gold wave count. see attachment http://www.atma-india.net/images/fbfiles/files/Gold.jpg

Subject: Re:Larry Berman Seminar at BSE Trading Hall - by: Bhaskar Radadiya

Tue, 04 Sep 2012 10:13:11 +0530

It was a great opportunity for me to attend a seminar like this. Everything was fine and excellent from 8:15 to 6:15, Contents, Foods, Networking, etc etc... I have a suggestion about Discussion part. The discussion part should be clear by subjects. Well, I'm not talking about question answer session. Another suggestion is about Group Discussion between Analysts (not for everyone but between few analysts) so one can gain from that discussion and can use in their regular work. I'm sure that it will be very helpful for traders/analysts/investors which are on their first step in the Market. We should guide them directly... Well, in case of score, I would like to score by following details; SCORE:: Speaker - 10 Content - 8, Hospitality - 11 (Out of 10 :) ), Ambiance - 10, Registrations - 8, Check-ins - 7, I am very thankful to Mr.Sushil and his ATMA Team for such kind of Wonderful Event...... Bhaskar ANS Group Rajkot

Subject: Re:CMT Level II Fall 2012. - by: Rupesh Solanki

Tue, 04 Sep 2012 09:35:07 +0530

HI gaurav, Regarding suggestions about how to prepare for the exam ,its a personal choice about which book to begin.the MTA has its recommended order of reading assigned books as http://www.mta.org/eweb/dynamicpage.aspx?webcode=cmt-prep-training#q1 .i have first read all the books assigned in level -1 then go through the new books.Also underline important points as you read helps in reviewing the material later.you can also refer to the video archives on MTA website, they are really good. We do have a study group here in mumbai,and will definately help you in your problem areas.kindly email me.

Subject: Re:Larry Berman Seminar at BSE Trading Hall - by: Sushil Kedia

Tue, 04 Sep 2012 09:15:25 +0530

We had couriered formal invitation cards for this event to all members. Those who did not receive them, please: Check your address as mentioned by you originally on the site in the MyATMA profile section and if it needs to be updated, please do it there If despite a correct address you did not receive it please write an email with Subject: Complain of not receiving invitation for Larry Berman Event to events AT atma-india.net

Subject: Re:CMT Level II Fall 2012. - by: Sushil Kedia

Tue, 04 Sep 2012 09:10:58 +0530

This thread was seeking suggestions for preparing for level Two and not mere announcements of your decision to appear at the exam. Lets use the forum responsibly. If we will get used to writing irrelevant, incomplete or incorrect posts, others would have to stop giving time to reading what you write. Time is money, for everyone.

Subject: Re:CMT Level II Fall 2012. - by: Rupesh Solanki

Tue, 04 Sep 2012 09:08:42 +0530

Hi,Gaurav, I am appearing for level-2 this october.

Subject: Re:Larry Berman Seminar at BSE Trading Hall - by: Rupesh Gupta

Tue, 04 Sep 2012 01:07:43 +0530

The event was good, well managed. The timing could have been better managed. Introduction started much later than the mentioned time of 9.15. If the mentioned time would had been from 10 to 5, people coming from other cities can manage their plan better, come and go same day. Overall a great event. Waiting for more to come. Rupesh Gupta Kolkata

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Mahesh M Nair

Mon, 03 Sep 2012 21:50:24 +0530

http://atma-india.net/images/fbfiles/images/2012Sep_SP_CNX_Nifty_800x600.png Can anybody please tell me if this can be classified as a rising wedge pattern and What could be the indication for a potential breakout.

Subject: Re:Larry Berman Seminar at BSE Trading Hall - by: Mahesh M Nair

Mon, 03 Sep 2012 21:44:26 +0530

Sir,You made our day with such an event. Now I really understand what we could get and give by being an ATMA member. Being among like minded people in a particular field of work does payoff in the long term. Larry's presentation gave me an insight about how to be passionate about TA but at the same time look at world events at a macro level and correlate. And the positive vibes that everyone felt was the USP of the day.All in all a great job done by our Team ATMA.

Subject: Re:Larry Berman Seminar at BSE Trading Hall - by: Anubhav Sethi

Mon, 03 Sep 2012 19:51:44 +0530

It was great to be a part of such massive event. Very knowledgeable experience and got the opportunity to hear and learn from such a master of Technical Analysis. Thanks to ATMA and Mr Sushil Kedia Sir for arranging such an event and giving all of us an opportunity to learn from such legends.

Subject: Re:Larry Berman Seminar at BSE Trading Hall - by: UDIT PALIWAL

Mon, 03 Sep 2012 19:05:24 +0530

Dear Sir, Certainly one of the best seminars I have ever been into. There is no words for the speaker as he is The Master of Technical analysis and I have just started learning. Subject covered and topics taken were really nice. On the critic side, Some fine tuning will be required in future events of such magnitude especially during various breaks. Sir, We are always with you for next big event and will make all efforts, put up ideas and ensure next seminar will be even better... Regds Udit Paliwal

Subject: Re: Larry Berman Seminar at BSE Trading Hall - by: Manish Sarraf

Mon, 03 Sep 2012 15:52:49 +0530

It was a wonderful event. The speakers were one of the best. The content needs to based on Indian Markets. The ambiance was very good. Registration desk was not managed properly. Check-in was good at BSE entrance and proper guidance was given. Overall it was the best event. Keep it up Atma Team. It was showing a result of really hard-hard work. Regards, Manish Sarraf New Delhi

Subject: Larry Berman Seminar at BSE Trading Hall - by: Sushil Kedia

Mon, 03 Sep 2012 13:40:32 +0530

Feedback is necessary for improvements of areas that need it and for repeating areas that were good. So what did you find good and suggest how those practises be taken forward in our other events. What did you not find measuring up to your expectations and suggest how we improve on those. Speaker, content, hospitality, ambience, registrations, check-ins, feel free to comment on each and everything, in an appropriate way that is forward looking and suggests solutions. An overall score on the whole event is going to be useful and if you have a score on a specific area to amplify / clarify your feedback that too would be useful. ATMA team awaits to compile all feedback from this thread and address things as much as possible at the earlierst possible.

Subject: Re:Silver - Wave Count - by: Vaibhav Chudasama

Sun, 02 Sep 2012 12:20:41 +0530

Ananth Sir, what would be the stop loss if any1 shorts silver near $32? and wot would be the reversal point if it is able to cross 34-35$?

Subject: Re:Job as a trader. - by: Nikhil Dogra

Sat, 01 Sep 2012 11:42:55 +0530

Yes their preference is Engineers & for commerce graduates they prefer who have MBA as well. Rest my view is this if one knows how to trade and be consistent , why get a job or work for money . I used to think that in firms we will get experience in their "secrets" of trading , well the truth is there are no such secrets All the theories fail when positions go against them & Majority% of Pro's behavior are same as the rest of the crowd , if not worse & they make it out alive just because they have a Risk Manager who will shut their terminals or tell them to do simulations! My experience has been the more dissociated with markets we are the more we earn i.e. monitoring positions hourly instead of being fixated on markets tick by tick , even for Day Trades! [I am a Commodity Trader so i have 13-14 hour of business day]. Day Traders most of the pro's even chip away their gains just by being infatuated with each tick!

Subject: CMT Level II Fall 2012. - by: Gaurav Jain

Sat, 01 Sep 2012 09:29:26 +0530

Hi Friends, Anyone appearing for CMT Level II this October? Need suggestions about how to prepare for the exams. Regards.

Subject: Re:Job as a trader. - by: Gaurav Jain

Sat, 01 Sep 2012 09:15:12 +0530

Dear Nikhil, Futures first doesn't gives preference to MBAs...infact they recruit Btechs more than MBAs...there are two rounds of aptitude tests(very tuff!!) followed by PI...they look for candidates who are great with numbers...have a good IQ and can handle pressure...and along with a fixed salary they have a profit sharing system too...

Subject: Re:Job as a trader. - by: Gaurav Jain

Sat, 01 Sep 2012 09:10:38 +0530

Dear Vaibhav, CMT Level 1 is not tough...Get your basic concepts of TA clear...read all the books thoroughly and grasp the concepts...don't memorize anything...study to understand the subject and not just pass the exams...and yeah...do read MTA code of ethics...they do ask a lot of questions from that.... All the best!!!

Subject: Re:Silver - Wave Count - by: Ananth Acharya

Thu, 30 Aug 2012 20:24:13 +0530

Silver continued a little more and now as I write this post, it is trading at $30.40. This should be the beginning of a new fall on Silver and there appears a high probability that wave 'c' of 'Y' of a large Double Zig Zag has started. Silver should now move down to test 26$ and then lower targets in the days to come. Below $29.8 would be a clear confirmation of the collapse coming. The Chart posted months earlier earlier STILL STAND CORRECT! Ananth J Acharya www.appliedelliottwave.com

Subject: Re:Job as a trader. - by: Rupesh Solanki

Wed, 29 Aug 2012 22:28:08 +0530

Dear Vaibhav,please refer to the following link: http://www.atma-india.net/component/option,com_kunena/Itemid,10/catid,12/func,view/id,707/

Subject: Re:Job as a trader. - by: Vaibhav Chudasama

Wed, 29 Aug 2012 22:17:03 +0530

I am going to apply in this october level-1. can anyone tell me the level or toughness of this level? with that share me your experinece

Subject: Re:Job as a trader. - by: Nikhil Dogra

Wed, 29 Aug 2012 22:10:46 +0530

I cleared Level 1 & found a job in a company named Capstone Securities Analysis Pvt Limited in Pune, They will hire if you clear their HR rounds. They pay a stipend of INR 2000 [when i was with them] per month & allow you to trade with 1 Share LMAO!It would take 12-15 months to reach 100 share trade limit there. Payout is 70% [40% after 3 months & 30% after 18 months SERIOUSLY!] Future First gives preference to MBA's & their salary structure is fixed like x lac p.a. Jaypee Capital is another firm which takes INR 40000 [Approx] from the candidate and employs them if they clear their rounds/exams etc. I have traded alone in the past and now i continue to trade alone with my own money [which is not enough :S ] I have freedom to trade positional deals which in any of the trading firms i mentioned above is a luxury as they are Day Trade centric.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Natarajan visweswarn

Wed, 29 Aug 2012 12:31:33 +0530

In weekly charts of nifty the present movement presents a kind of 3 wave structure frm 5032 and the breadth is weak, So can we assume this as some Corrective wave and Strong regressive wave likley frm 5400 levels

Subject: Job as a trader. - by: Gaurav Jain

Tue, 28 Aug 2012 22:12:40 +0530

Hello Friends! Starting this thread to ask some queries which will help me n other new comers to Make a Living Trading. I want to apply for job as a trader at Futures first info services. I cleared CMT level 1 in May and planning to appear for level 2 in october. Should I wait to clear level 2 before applying for the job? Looking forward towards help from the seniors!!

Subject: Re:SBI 2012 (weekly) - by: AKHILESH CHADHA

Tue, 28 Aug 2012 19:11:12 +0530

what i consider is retracement of atleast 50% of the height of the channel

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Mon, 27 Aug 2012 11:46:34 +0530

I think its good to see different opinions/observations and more participation on this discussion. The bulls and bears are out in the open. :-D

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Vikram MG MG

Mon, 27 Aug 2012 11:32:26 +0530

Key Resistance levels: 5438(50% Fibo retracement), 5647(61.8 % fibo & previous intermediate high) Key base support levels: 5285, 5236. Minor support :5370(on closing basis or 3 Hr\candles trades below- Trendline hourly chart) Trend : Moderately bullish as longs as base support levels holds

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Mon, 27 Aug 2012 11:07:47 +0530

Rupesh, While there is nothing wrong in your assumption, may I suggest you revisit the books to ascertain what implies taking support and what implies confirmation of taking support and then make emphatic views on the markets. Murphy's Book "Technical Analysis of the Financial Markets" should help you a lot. In this case, the application of the rules is not complete and therefore fraught with danger. I hope this helps and no offense is intended Anant www.appliedelliottwave.com

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Rupesh Solanki

Mon, 27 Aug 2012 10:29:36 +0530

HI ALL, I agree with Mr.Kapil, Nifty has taken support on long term decending trendline drawn from the top 6340 at 4800 levels. Since march 2012.it has formed classic higher bottom according to classic Dow theory but more confirmation is needed to make a higher to above 5650 levels.the current upswing from 5040 (27-july) is still in progression. A strong resistance is at Fibonacci 50%retracement level of 5438.60. http://www.atma-india.net/images/fbfiles/files/NIFTY.jpg

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Mon, 27 Aug 2012 10:09:44 +0530

Kapil, What you say is true. As far as the pattern goes we could have a massive swing up. However at this point in time that appears difficult. My reasons: 1. a swing up now would mean that Nifty will repeat the entire rally from 2240-6300 that it has posted earlier. This would call for a Nifty at 9000 levels. That appears moot at this point for various charts are showing differently. We need to look at Inter Market Analysis too. Why should this swing up happen? Well I got loads of research to show and I will be displaying it at the Forthcoming ATMA Seminar In BSE on September 1, 2012. Please be there and see the in depth research we have. You will be amazed at some of the beliefs we have about the markets. 2. US$INR should come down drastically for Nifty to stage a rally. AT the moment the pattern there does not give any encouragement that such and event is about to unfold. Infact, i am of the opinion once $ rallies above the 56/INR level, we sill see a sharpish rally to 60+ levels. It appears to be just a matter of time. 3. Nifty has been caught in a narrowing range since 2008. This narrowing range cannot last and there will be breakout. Such breakouts Normally see 15-20% swings, if not more. a 10% swing to the upside would call for more upside by Elliott Wave analysis. Difficult. 4. I was the first person to call for a Change in Trend in December at 4600. and again at 5500. However after that the pattern is getting clearer and clearer, but an upside? appears moot. 5. DJIA appears to be in preparation for a large move down. The rising Wedge is adding more weight to the downwards bias. Can I see a rally to 16000 on DJIA? While it is possible, it appears difficult. 6. EURUS$ and Shanghai has already moved down considerably. Can China get out of its slowing economy without Europe and US showing significant recovery? Both Charts do not show any strength there. Infact China appears weakest and there should be more money moving out of China. This will be a serious dent in all bullish mood. 7. The rally on Nifty has been narrow and int he last few days barring FMCG and Reliance, there are no significant contributors to Nifty. Some of the Front line stocks are testing 2008 bottoms, though they may end being replaced int he Nifty. Without a large Broad rally, Unlikely that Nifty will go anywhere North. I can keep giving reason after reason to say there is not much upside, But finally Markets have a mind of their own and the best reasons sometimes are not valid. That Paradox is called the Financial markets. So lets see if Nifty indeed gives a close above 5432-5450 levels and take a call from there

Subject: Re:SBI 2012 (weekly) - by: GUNJAN DUA

Sun, 26 Aug 2012 23:14:51 +0530

How much Bounce is required ? 20 points or 200 Is there any limit which needs to be fixed ?

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Kapil Tandon

Sun, 26 Aug 2012 19:06:10 +0530

Dear Ananth, This market has been swinging between bear, bull, bear and again bull since this thread was started and so has the the analysis been swinging both ways. As i see it now market has firmly established a higher top and a higher low and the current trend channel is enough to tell me that we have at least a cyclical bull case scenario with my target being the upper end of this channel for now and further target of 6100 over coming few months. Am attaching the relevant chart. I do see a short term resistance and therefore a minor turbulence over next 3-4 days, post which am expecting the rally to resume its journey and take out the high made in Feb 2012. Disclosure - i currently have no positions in the market and therefore am unbiased by any existing positions and analysis is based purely on what charts are speaking to me. Best Regards, Kapil Tandon http://www.atma-india.net/images/fbfiles/files/snapshot312.png

Subject: Re:SBI 2012 (weekly) - by: AKHILESH CHADHA

Sun, 26 Aug 2012 18:41:55 +0530

once the price touches the support line (lower green line) and bounces back from that line then it will confirm the downward channeline. That is why i have used "potential" word.

Subject: Re:lets start a online study group - by: Purushottam Pande

Sun, 26 Aug 2012 18:28:31 +0530

yes Sir.. I am interested. I would also be appearing in May 2013. EWT is the biggest hurdle for me. Regards Puru

Subject: Re:SBI 2012 (weekly) - by: Purushottam Pande

Sun, 26 Aug 2012 18:23:20 +0530

Dear Sir I am slightly confused with the Symmetrical Triangle comment, generally 5th wave breaks the triangle, in this case it was the fourth one which gave a break on the down side, hence I think it might not be a valid Triangle or might not give its Triangular Lower target. Yes triangles do fail (40% of the times). Do you think there are chances that the break is a false one ?

Subject: Re:SBI 2012 (weekly) - by: Sandeep Kittur

Sun, 26 Aug 2012 14:14:33 +0530

Hey, you have done good job, and its tricky symmetrical triangle, but one more point to be made that SBI has to lot along with market setiment, it will be better to wait till wed and decide on risk and reward coz 1800 is strong support and resistance at 1920 so, i believe will have upside break in this counter for next 15 days.

Subject: Re:SBI 2012 (weekly) - by: raminder anand

Sun, 26 Aug 2012 12:42:21 +0530

i agree to your poing 1 and 3 but can u in detail explain how this is a downward channel.

Subject: Re:SBI 2012 (weekly) - by: AKHILESH CHADHA

Sun, 26 Aug 2012 12:00:56 +0530

thank you so much :) can you tell me at what level should we take this as downward breakout because you don't need a high volume in a downward breakout .

Subject: Re:SBI 2012 (weekly) - by: Nikhil Dogra

Sat, 25 Aug 2012 23:35:31 +0530

Well you can observe price action and volumes , Initially from the lows price rose on volumes & on declines price fell on lower volumes , traditionally we can conclude based on volume trend has changed but the reality is prices were bid up thanks to late bears once their buying stopped prices declined on lower volumes as interest wasn't their for market for SBI , What you have shown is a congestion area where market itself is not sure of the direction which will eventually develop , hence lower volumes throughout the pattern, However it is interesting to see that the Symmetrical triangle made a breakout from the apex on high volume & yet it formed a doji which tells me market still hasn't decided its future course of action, although Downtrend Channel might give us some hints. In all probability market for SBI might touch the lower channel which also co-incides with recent low support but since its a battle between bulls & bears going on it might be best to join the winning camp once it signals its victory! As for your Questions:- 1) whether it a symmetrical triangle (Black lines)(breakout) --> My answer is YES its a Symmetrical triangle 2) a "POTENTIAL" downtrend channel ( Green line) --> Possibly Yes 3) )"POTENTIAL" falling wedge. --> To soon to tell!

Subject: SBI 2012 (weekly) - by: AKHILESH CHADHA

Sat, 25 Aug 2012 21:47:02 +0530

I have spotted one of the classic symmetrical triangle pattern in SBI, but i have a doubt. How can i say 1)whether it a symmetrical triangle (Black lines)(breakout) or 2) a "POTENTIAL" downtrend channel ( Green line) or 3)"POTENTIAL" falling wedge. http://atma-india.net/images/fbfiles/images/sbi.png

Subject: Re:Ichimoku Trading System - by: Sanjay Thakker

Fri, 24 Aug 2012 20:30:16 +0530

I request to mail it to me also on iamthakker@gmail.com Regards, Sanjay

Subject: Re:Ichimoku Trading System - by: PURAV SHAH

Fri, 24 Aug 2012 17:58:12 +0530

i would be highly obliged if anyone can please email the ichimoku ppt file on my email id pooravshah@gmail.com

Subject: Re:Silver - Wave Count - by: Ananth Acharya

Fri, 24 Aug 2012 17:31:10 +0530

The corrective upward pattern now appears complete at yesterdays high of $30.82. While it is too early to call for a changed trend, once Silver moves below 29.72, we could look at a target of $26 levels to be posted soon. We could project lower levels, but lets revisit the pattern once Silver reaches $26. IF silver trades above 30.9$, then we should be looking to label the chart different;y. See earlier chart posted months back. Still Valid. Ananth J Acharya www.appliedelliottwave.com

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Fri, 24 Aug 2012 15:34:01 +0530

True! But there is no rule of Elliott that prevents us from labeling it as such, and the target for such a count lies at 1462 on Nifty. This also fits in perfectly well with a count for 'c' wave of a FLAT that has been unfolding since Jan 2008. The pattern is so large, that it allows for a few wrinkles to be seen here and there. Whatever happens we should see a largish decline anyways. The rally is too narrow to be labelled a 3rd Impulse. tickles the grey cells a bit! Anant

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Fri, 24 Aug 2012 14:39:24 +0530

That count is immensely bearish a series of 1-2. While it cant be called wrong to be conservative and not get it wrong its sometimes better to convert larger 5 wave declines into A and C so I would count your chart as A-B-C-X-A-B AND C next. But we are both saying C/3 down.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Fri, 24 Aug 2012 13:46:02 +0530

Image again http://www.atma-india.net/images/fbfiles/images/Nifty.jpg

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Fri, 24 Aug 2012 13:44:16 +0530

Image was too big and did not upload. Uploading smaller image

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Fri, 24 Aug 2012 13:42:13 +0530

WOW! That is creative indeed. The pattern appears so complex a the moment that a number of alternatives are possible. Attached is a chart with a count of an automated pattern recognition software. I have been contemplating this alternative and this count has a lot of validity and sticks close to all the rules of Elliott

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Fri, 24 Aug 2012 13:08:32 +0530

adding the chart again for some reason its not uploading http://www.atma-india.net/images/fbfiles/images/Wave.png

Subject: Re:Ichimoku Trading System - by: Sumeet Jain

Fri, 24 Aug 2012 10:11:53 +0530

Link to the Gabor Kovacs presentation: http://www.scribd.com/doc/64484594/Ichimoku-Beginner-by-Gabor-Kovacs

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Thu, 23 Aug 2012 19:41:06 +0530

Referring last nights post on Nifty, the pattern has still not changed and the downside is very much on the cards. 5432 that I was looking for though surpassed today has not been broken on a closing basis. Nifty today has posted an Impulse to the downside on a 15 min chart and the retracement to wave 4 level is quite clear. One more Impulse down appear imminent and this should take Nifty down to 5366 almost immediately. We may very well see a steep fall in Nifty. A decline below 5390 or an open below that level may see a sharp sell off. 5350 when broken will bring the bears rushing back...

Subject: APPAPER(314) TARGET NEAR 350 CLOSING STOP 300 - by: Natarajan visweswarn

Thu, 23 Aug 2012 19:01:45 +0530

Stock has broken out of a corrective pattern. Upside Momentum seems to have started today with a Bullish engulfing pattern. Traders could buy with closing stop of 300 and for a short term target near 350. http://www.atma-india.net/images/fbfiles/images/APPAPER-20120823.JPEG

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Thu, 23 Aug 2012 18:48:28 +0530

Interesting thought Rohit, Missing the chart still Anant

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Thu, 23 Aug 2012 17:44:40 +0530

attaching chart

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Thu, 23 Aug 2012 17:33:22 +0530

I am exploring this more creative count. This is in line with what I discussed on linked in ATMA last year that the right shoulder forms a triangle [in wave B]. Now its worth exploring if its happening at a larger degree. Reason? I found the trendline from where I mark A in green to C extending right touches todays high exactly and does not sport a throw over as shown above. This said a large right shoulder in a running triangle completes near 5450 and wave C down to new lows can start. Note an impulse down and short term momentum indicators are still to confirm but if they do this would be a potential wave count worth considering.

Subject: Re:Ichimoku Trading System - by: Jasmeet Nanade

Thu, 23 Aug 2012 15:05:45 +0530

The presentation of the Ichimoku Seminar will be mailed to everyone, as far as I know. There was an article by Mr. Anil Padia in the July issue of ATMASHPERE, it is similar to the presentation he gave. You can check it out here - http://www.atma-india.net/atmasphere/july2012/#/12/

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Srikanth Jaya Kumar

Thu, 23 Aug 2012 13:39:19 +0530

NIFTY next target on card is 5485-5513. Sell Hindzinc for a target of 131

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Thu, 23 Aug 2012 09:35:40 +0530

5432 again. But my count shows a wedge in wave v of c of which wave e forming today. Also that the triangle has already broken out on the upside. So is it a false breakout? Today is an interesting day, as we should either see clear continuation of the weak breadth driving down prices or else if the broad market joins in the breakout will be more bullish. The thing to be bothered about in a bearish view here is the sentiment. Indicators like VIX show bullish extreme but investor surveys show most are bearish. NSE trade positions show clients are short and FIIs long in F&O. So is the sentiment positive or negative at this top? I am about to get a lesson on sentiment here. My question to others. What is the right measure of sentiment? http://www.atma-india.net/images/fbfiles/images/WaveChart-20120823.png

Subject: Re:Ichimoku Trading System - by: purab shah

Thu, 23 Aug 2012 08:52:17 +0530

Hi, It was a great session, was keen to have the powerpoint presentation on the Ichimoku Trading System. Thanks Pureb

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Wed, 22 Aug 2012 22:23:46 +0530

IT appears that Nifty has posted a Top today. This completes the Contracting Triangle that I had posted here about a month back. Please see the earlier post for the Chart. A decline below 5380 tomorrow will open immediate targets at 5165 and below that God alone can save Nifty! I do not expect Nifty to retest 5432 and if that happens we will need to relabel the market action again. Ananth J Acharya www.appliedelliottwave.com

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: S M GOUTHAM CHAND

Wed, 22 Aug 2012 16:10:40 +0530

Hi Rahul, It is not an ending diagonal, Ending diagonal comes in 5th wave. If you see hourly chart from 5294.1 its a 3 wave ZigZag pattern. wave a 5294.1 to 5390.65 wave b 5390.65 to 5341.70 wave c 5341.70 to 5433.35 Now we are unfolding Running Flat correction. wave a 5377.60 to 5294.1 wave b 5294.1 to 5433.35 discussed as Zig Zag pattern wave c may be from 5433.35 to 5350 ??? this pattern holds good as long as nifty does not break 5433 on upside. You can see my other discussion column in NIFTY/GOLD/INR

Subject: Re:Can we combine weekly, monthly and daily oscillator for generating buy or sell signal - by: raminder anand

Wed, 22 Aug 2012 15:29:52 +0530

yes you can there is a syntax in afl coding this is a good place to start learning on the multiple time frame support on amibroker http://www.amibroker.com/guide/h_timeframe.html personally i have used it on intraday and this is the code Plot(C,"",3,64); TimeFrameSet(in5Minute); A3= StochD( 14, 3, 3 ) > Ref( StochD( 14, 3, 3 ) , -1 ); TimeFrameRestore(); k5b = TimeFrameExpand(A3, in5Minute); Cond11= k5b == 1; TimeFrameSet(2*in15Minute); A3= StochD( 14, 3, 3 ) > Ref( StochD( 14, 3, 3 ) , -1 ); TimeFrameRestore(); k30b = TimeFrameExpand(A3, 2*in15Minute); Cond5= k30b == 1; TimeFrameSet(in15Minute); A1= StochD( 14, 3, 3 ) > Ref( StochD( 14, 3, 3 ) , -1 ); A2= StochD( 14, 3, 3 ) > 98 ; A3= TimeNum() > 152000; TimeFrameRestore(); k15b = TimeFrameExpand(A1, in15Minute); k15s = TimeFrameExpand(A2, in15Minute); k15t = TimeFrameExpand(A3, in15Minute);

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Rahul Singhal

Wed, 22 Aug 2012 14:43:44 +0530

We can see a series of 3 waves starting from low of 5342 Nifty spot. Could we have an ending diagonal in play here? Rahul

Subject: Re: LONG TERM ANALYSIS OF INDIA NIFTY - by: Manish Dewan

Wed, 22 Aug 2012 14:10:16 +0530

Hi Shrikant, Although nobody would mind to receive a trading call but everybody here would appreciate if you may share the research/rational behind the target given. We at ATMA believe in sharing our wisdom and knowledge with everyone interested. Regards, Manish

Subject: Re: LONG TERM ANALYSIS OF INDIA NIFTY - by: Srikanth Jaya Kumar

Wed, 22 Aug 2012 13:16:16 +0530

5600 by mid SEPTEMBER

Subject: Re:Ichimoku Trading System - by: Reema Shah

Wed, 22 Aug 2012 10:24:00 +0530

hello, Can we get the power point presentation which was presented in the seminar?

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Wed, 22 Aug 2012 10:18:35 +0530

The Nifty has closed outside my Triangle yesterday for the first time so next few days are a test of false breakout or something else building. 5450-60 78.6% retracement of the Feb-June decline is to be watched. Too many inter market divergences and breadth recently has been very weak so lets see how it pans out. The broad market has to confirm the breakout if any.

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Wed, 22 Aug 2012 10:15:27 +0530

In the same discussion we have said that Next upside target for nifty is 5360, 5433, 5516, 5630 to 5650. Nifty has crossed 5360 and yesterday's high was 5425, Nifty has to cross and close above 5433 for the next target of 5516. If 5433 is not crossed then we can see a correction till 5350 levels. A Running flat correction is likely , we saw in the begining and i feel the same sort of running flat correction is in the offing now. But a move towaards 5600 is for sure.

Subject: Re:Silver - Wave Count - by: Ananth Acharya

Wed, 22 Aug 2012 09:13:49 +0530

Silver appears to have complete its correction yesterday August 21, 2012 as expected at $29.50 levels. This 2 month long corrective pattern now sports a Triangle demanding that we label the upward correction from $26 - $29.5 as a ZigZag. The next move down should start anytime soon and there shoul;d be a mass exodus from Silver this time around. Target for this downslide is at $18-16 levels. The chart that I posted 4 months back in this forum still holds! See earlier post for the Chart Ananth J Acharya www.appliedelliottwave.com

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Tue, 21 Aug 2012 18:14:05 +0530

May I request you to please refrain from posting individual stock views in this thread. This has been a very educative discussion of Nifty for over 8 months and lets continue keeping it nice and clean. Also the moderators have to work overtime to maintain structure of the threads and as I see there are a lot of followers of this thread. Thank you in advance

Subject: Re:International forex trading ....in INDIA - by: Mahesh Awate

Tue, 21 Aug 2012 11:36:51 +0530

thank you Nikhil ....from RBI guidelines it appears that FOREX TRADING is illegal except trading on SEBI regulated exchanges. but how many traders are able to trade in FOREX market outside INDIA ....many FX brokers still advertise their business in INDIA ...

Subject: Re:International forex trading ....in INDIA - by: Nikhil Dogra

Tue, 21 Aug 2012 10:30:07 +0530

There are a lot of online brokers (when it comes to brokers good or bad hardly matters as long as they get the job done!), You can Google it & even Google comparison between various online FX brokers.

Subject: Re:International forex trading ....in INDIA - by: Nikhil Dogra

Tue, 21 Aug 2012 10:20:13 +0530

Forex Trading in India – Legal or Illegal – A Critical Analysis , a http://www.marketcalls.in/forex/forex-trading-in-india-legal-or-illegal-a-critical-analysis.html :P It would be advisable to consult a attorney & your FX Broker for indulging in Offshore or Overseas FX Trading. However you can Trade MCX-SX or NSE Currency Products Domestically if you are looking to dip your toe in FX.

Subject: Re:Ichimoku Trading System - by: Rupesh Solanki

Tue, 21 Aug 2012 10:16:42 +0530

here is a presentation i got from the net regarding Ichimoko trading system by Radin Hisyamuddin M. Yassin one can learn the basice rules and intrepretation of Ichimoku from the presentation.

Subject: Re:Ichimoku Trading System - by: chetan potdar

Tue, 21 Aug 2012 07:49:12 +0530

Well said jayesh.Will you be able to put down points about the principles and beliefs of the system for the benefit of all? Ofcource, when ever you have time. Thanking in advance.

Subject: Re:Ichimoku Trading System - by: GUNJAN DUA

Mon, 20 Aug 2012 22:36:46 +0530

After all said and Done , it would be great if people who attended the course show their work at the Forum so that others from around the country can also get an idea.

Subject: Re:Ichimoku Trading System - by: SANJAY MAHAJAN

Mon, 20 Aug 2012 19:10:10 +0530

Well described Jayesh. Few other key take away's were 1) This system is good for spotting and playing in direction of the Trend. 2) Anil said lesser whipsaws in trade by this system. 3) Limitation of this study is that it is incapable of giving us the target.Target for a move is to be analysed using other techniques in TA.

Subject: International forex trading ....in INDIA - by: Mahesh Awate

Mon, 20 Aug 2012 17:13:27 +0530

hello EVERYONE .....i m CMT 3 candidate & online trader trading in indian equity n commodity..n love to explore international forex market by using technical analysis.....i just want to know whether it is allowed to indian resident as many people in india are trading worldwide forex market .....if so which broker is best to start with ? ...thank you

Subject: Re:Web Resources For Learning - by: Jasmeet Nanade

Mon, 20 Aug 2012 16:15:04 +0530

Here's another one, this is on High Frequency Trading (HFT). There was an MTA webinar held on the topic Coexisting without Co-location by Eric Scott Hunsader. He's done a lot of research on HFT and his website has a lot of info on it. It interested me and if anyone else who is keen on the topic can check it out here - http://www.nanex.net/FlashCrash/OngoingResearch.html

Subject: Re:Web Resources For Learning - by: Nikhil Dogra

Mon, 20 Aug 2012 12:06:32 +0530

freestockcharts.com for US Equity

Subject: Re:Web Resources For Learning - by: sachin kulkarni

Mon, 20 Aug 2012 10:59:00 +0530

stockcharts.com & forexpross.com

Subject: Web Resources For Learning - by: Jasmeet Nanade

Sun, 19 Aug 2012 20:23:31 +0530

There are plenty of sources of information over the internet that aid your learning process, be it for a beginner or for a pro and I'm sure everybody comes across a whole host of websites that are immensely resourceful. You may never know someone might be looking for some of source of information, the access to which you may already have. So, lets get sharing! I'd like to start by suggesting a simple website for chart pattern recognition - http://thepatternsite.com/chartpatterns.html

Subject: Re:Ichimoku Trading System - by: Rupesh Solanki

Sun, 19 Aug 2012 16:25:15 +0530

I thoroughly enjoyed the presentation yesterday evening. Mr. Anil Padia’s delivery very engaging. The topic was new to us, and the Anil Sir presented the material in a way that everyone could understand. By any measure he is a very effective speaker and educator . thank you Sir for a memorable presentation and hope you will visit us again.

Subject: Re:Ichimoku Trading System - by: Prashant Bansal

Sun, 19 Aug 2012 13:31:33 +0530

I must say that Anil Padia was brilliant in the 3 hours we heard him and not even realized when the session came to an end. The conviction with which he spoke was amazing showing his real command on the subject. I actually learnt a lot from the session and would now go on to explore the Ichimoku charts. Those of you who missed the session I would advice to attend the session next time whenever he takes. Thanks Anil once again.

Subject: Ichimoku Trading System - by: Jayesh Anandpara

Sat, 18 Aug 2012 23:43:29 +0530

Today at Mumbai, we had an educational session on "Ichimoku trading system" by Mr. Anil Padia. It was very informative session and Anil made audience conversant with basic concepts of Ichimoku trading system, by his authoritative delivery. Though I read many books till CMT Level 3, I never learnt about this particular topic (out of syllabus for me :)). I knew that some thing by name Ichimoku cloud exist and I don't know it. I came to attend today's session with expectation to learn about Ichimoku and am truly delighted to learn this simple tool (though it may look complex till you know what it is). Some useful information which I noted down - for day trader he can use Ichimoku trading system on combination of 5-30-60 min charts, and trade signals generated in 5 min chart provided signal direction confines to trend direction in higher time frame chart. For positional traders (few days to few weeks), he may use this system on combination of 30 min - 60 min and daily chart. Of course this is suggested by Mr. Anil based on his experience. Books suggested are 1. Some pdf booklet by Gabor Kovacs 2. Cloud Charts: Trading Success with the Ichimoku Technique By David Linton 3. Trading with Ichimoku Clouds: The Essential Guide to Ichimoku Kinko Hyo Technical Analysis (Wiley Trading) By Manesh Patel (Anil mentioned that he has not read this third book. Someone from audience mentioned that it is a good book). Thanks Anil for a wonderful session. Suggest other members to look at video when it is uploaded. My sincere thanks to ATMA staff for very convenient venue and good choice of refreshment/ snacks.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Rahul Singhal

Fri, 17 Aug 2012 15:20:13 +0530

Hi All, Attached is the Intraday wave count of Nifty. It is currently in wave 4 after which it should make an attempt to make a new high for the month post which we should see and the selling pressure coming in. Some of the key development in the world markets are: ---The European markets are close to 80% retracement of their previous high. ---The US markets should make a new high for the year, the S&P is currently only 7 points away from the 1422 high made in April. The US markets have been forming a rising wedge for almost an year now which signals a sharp move down ---India Vix is at a 2 year low while COBE VIX (US Markets) is at a 5 year low. --- The internals of wave structure points to a top very soon. The air of optimism in the European markets is typical of wave 2. This along with the trend exhaustion in the global indices as well as Nifty could lead the markets to a new low for the year in the coming months. With the public and investing community feeling so bullish, i think the time is apt for bears to show the strength. Request comments from seniors on their observations. Rahul http://atma-india.net/images/fbfiles/files/Nifty.docx

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Rahul Singhal

Fri, 17 Aug 2012 15:19:28 +0530

Subject: Re:NIFTY - by: Anand Sancheti

Thu, 16 Aug 2012 16:20:29 +0530

website doesnt accept metastock format files :( sorry for that

Subject: Re:NIFTY - by: Anand Sancheti

Thu, 16 Aug 2012 16:19:34 +0530

http://atma-india.net/images/fbfiles/images iftyboxes.png Nifty has been kind of trading sloping boxes, I am sure darvas would be proud of these boxes as well :-)) Right now the resistance line is at 5425 to 5500 depending on which line to pick, which is also a bit of confusion right now. Also as the line is downward sloping, next week the line would be even lower. the slope is 18 points. Now the simplest way to put my analysis is that these are the res zones, if we manage to get above them then the next box will have a high around 6100 levels & something we should be expecting according to this chart of mine. supports can be expected at the lower line which is around 5000 right now. I have tried attaching the metastock file so that anyone using metastock can use this chart & do something else to figure out another insight. The chart is updated till 13th aug wheni prepared it, but was not able to put in on the site. Any comments or criticism is welcome, i am sure i dont own this thread ;)

Subject: Re: Economic Indicators - by: Anand Sancheti

Thu, 16 Aug 2012 16:07:30 +0530

Now that we have the data whats next??

Subject: Re: Economic Indicators - by: Nikhil Dogra

Tue, 14 Aug 2012 20:41:42 +0530

Thank You

Subject: Re: Economic Indicators - by: Anand Sancheti

Tue, 14 Aug 2012 16:59:38 +0530

http://dbie.rbi.org.in/DBIE/dbie.rbi?site=home Try this

Subject: Re: Nifty View - by: Anand Sancheti

Tue, 14 Aug 2012 16:52:23 +0530

Agree with your views but the handle doesnt really look like one. I have seen quite a few of these patterns fail their target implication on the nifty simply because nifty is very slow. Previously if you & check the weekly chart of nifty there is a big cup & handle whose tgt was around 6800 but we are still waiting for it so its difficult to take calls based on these patterns. I would give more heed to trend implications right now.

Subject: Re: S&P Nifty India Index:: Looking for 5440 and more but..... - by: Anand Sancheti

Tue, 14 Aug 2012 16:40:48 +0530

There is a lot of congestion & any move higher is only to trap bears & throw them out of the market. the trend is down & 5440 would be only a place to short. Lots of stocks in the index are showing they want to fall & fall big.

Subject: Re:STALLING OR ADVANCE BLOCK PATTERN IN DOW JONES INDUSTRIALS - by: Anand Sancheti

Tue, 14 Aug 2012 16:33:38 +0530

http://www.atma-india.net/images/fbfiles/images/dow.png

Subject: Re:STALLING OR ADVANCE BLOCK PATTERN IN DOW JONES INDUSTRIALS - by: Anand Sancheti

Tue, 14 Aug 2012 16:29:58 +0530

Here I have attached a chart of Dow, which shows that there is a channel breakout on the dow & channel breakouts are generally reliable. Thus projecting an upside of 500-600 points based on the channel. Also dow has been taking support at the upper channel line after breaking out thus confirming the channel. As the channel isint upward sloping, it has ran up to its upper targets & thus consolidating above the breakout for further moves upwards. Further feel after meeting its targets Dow might top out fully as well & maybe its waiting for QE3 to complete an intermediate top after which it might give a good decline below 11500 levels by the end of this year.

Subject: S&P Nifty India Index:: Looking for 5440 and more but..... - by: Bhaskar Radadiya

Tue, 14 Aug 2012 10:22:11 +0530

***Inverse Head & Shoulder Effects*** Since last few days, S&P Nifty India Index struggling for breakout above previous high. If we look at the daily Close base line chart than found that it is basically a breakout game of ""Inverse Head & Shoulder"". The chart shown in attachment indicates above an entire development... Statistical calculation about the Development: Head:: 5040 Level Slanting Neckline:: 5240 Expected Breakout:: 200 Points Breakout Level:: 5240 Expected Range:: 5440 5440 Indicates:: 78.60% zone of Previous Bear Range, 5600-4840 Failure of Breakout may drag Index at:: 5240-5200 Range... In short, Index trading at 5350 Double Tops but current effect of the formation also putting some pressure on Bears. This is the Real fight that we are seeing at presently and either side breakout will create huge Volatility. We can say, "They are standing with Sword", these words for both, BULLs & BEARs.....

Subject: Re:Silver - Wave Count - by: Rupesh Solanki

Mon, 13 Aug 2012 19:44:15 +0530

Sir ,it would be of great help if u can post the chart with your analysis.

Subject: Re:Silver - Wave Count - by: Jagdish Ahuja

Mon, 13 Aug 2012 18:09:14 +0530

Subject: Re:Thanks Seniors Level 3 Cleared - by: GUNJAN DUA

Mon, 13 Aug 2012 00:45:32 +0530

Mita, This Question should have been posted in the Level 2 section, kindly do that for the next post so that you can get the appropriate answers. About the time it all depends upon person to person , on an average one should study 300-450 hours for the exam, which would include the revisions as well. Most of the CMT candidates are already working in some sort of financial role while they prepare for the CMT exam as this is a professional certification and the charter process requires you to have experience before you apply for the membership with the Market Technicians Association. One thing which i want to tell you and a lot of other candidates is that CMT is a gold standard in the field of technical analysis, which makes a great impact on your resume but to get a job of your choice in the financial technical field one needs to have other skills as well , though CMT charter helps the employer to understand that you are skilled in the field of technical analysis. These point might cover some of your doubts, if anything else feel free to ask in the Level 2 section or in the section your question is based on as there is always some one to help.

Subject: Re:Thanks Seniors Level 3 Cleared - by: Mita Mehta

Sun, 12 Aug 2012 21:39:43 +0530

hi hearty congratulations. I have cleared my first level and appearing for level 2 on october 20. I just wanted to inquire that how much hours should i dedicate to study for second level daily? Also what are your plans related to career after such succesful completions. Mita

Subject: Re:STALLING OR ADVANCE BLOCK PATTERN IN DOW JONES INDUSTRIALS - by: Nikhil Dogra

Sat, 11 Aug 2012 20:49:01 +0530

Based solely on Daily Timeframe Probability towards a correction seems high as technically markets are trading & breakout like this should be faded rather than be bought into however Live Timeframes are telling a different story & the chart structure looks Bullish. The S&P 500 reached upper Bollinger Band on Friday, one could visually see the index touching the upper band in June, July and now August and after which a sell-off was witnessed so if history tends to repeat itself i would probably try to fade the move & look to re-enter at lower levels.

Subject: STALLING OR ADVANCE BLOCK PATTERN IN DOW JONES INDUSTRIALS - by: Natarajan visweswarn

Fri, 10 Aug 2012 18:52:16 +0530

DAILY CHART OF DOWJONES INDUSTRIALS http://www.atma-india.net/images/fbfiles/images/DJIA.png

Subject: BONDS IN CONSOLIDATION MODE FOR UPWARD TRAJECTORY - by: SAHIL VIJAY

Wed, 08 Aug 2012 14:14:32 +0530

The ten year bond has completed its five wave advance and looks to consolidate and correct here. I think it should sattle somewhere between 99.80-100 mark where the previous fourth wave is. The second wave should end somewhere closer to 99.80 where the fourth wave ends and then start its next leg up towards 100.60-80 odd levels in the days to come. So, make the most of this consolidation in next few days and hours and then ride the next wave up. http://atma-india.net/images/fbfiles/files/8-20120808.docx

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Tue, 07 Aug 2012 22:26:53 +0530

Few days back we said wave 3 has already opened from 5164 and may move to 5260 and 5310. Today nifty has closed well above 5310, Next upside target for nifty is 5360, 5433, 5516, 5630 to 5650. There could be correction and sideways movement but the trend is up and more likely to reach the above target in coming months. Strengthening of Rupee is an added advantage

Subject: Re:Silver - Wave Count - by: Ananth Acharya

Tue, 07 Aug 2012 20:28:20 +0530

As expected, Silver has been testing 28$ levels for well over 3 weeks now..... once it breaks the $26-29.8 levels, we should see another Impulse down and the target would then be $ 18 levels.

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Mon, 06 Aug 2012 21:29:31 +0530

RUPEE USDINR will show strength. USDINR has formed a Diamond pattern in the USDINR daily chart, which is a distribution pattern. Once 55.13 is breached, chances of falling below 54 will be high. The recent high 57.33 will hold stiff resistance in coming months. http://atma-india.net/images/fbfiles/files/USDINR_DAILY.doc

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Mon, 06 Aug 2012 13:19:51 +0530

The Euro is about to set the tone for the global trade. Attached is a wave count of the same USDEUR hourly chart http://www.atma-india.net/images/fbfiles/images/Euro.gif

Subject: BOND BULLS ARE HERE - by: SAHIL VIJAY

Mon, 06 Aug 2012 12:26:12 +0530

The ten year benchmark g sec paper is depicting end of wave 5 down in most probably end of a complex correction. The divergence of RSI is showing sign of bottoming out and phasing out of selling pressure. The RSI is also showing inverted H&S in the making suggesting a near term buying to emerging around these levels. The paper can jump to the region of 100.25 -100.40 which stands for 61.8% -78.6% retracement respectively of the fall. The more important thing to watch out for is to see how wave counts emerge from here. All in all, go long on ten year g sec and ride the upmove. http://atma-india.net/images/fbfiles/files/TEN_YEAR_BOND_06_08_12-20120806.docx

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Mon, 06 Aug 2012 12:01:27 +0530

Brilliant work Kapil, As I indicated before, I am looking for a Contracting Triangle to be unfolding and 5400 remains the level for a bullish breakout. The triangle appeared complete at 5348.55 and it appeared that the next move down has started. However, you can see one of the major points of Elliott Wave Analysis and one of its weakest points..... Wave 'e' of the Triangle sometimes itself unfolds as a Triangle in itself. In such a case you see 4 Waves of the larger Triangle and wave 'e' unfolds as another 5 waves. In such a case you see the Contracting Triangle unfolding in 9 waves. With that in mind with the narrowing range, I can count Nifty completing 7 waves so far in the Triangle and 2 more waves are yet to unfold. The narrowing Trend lines indicate 1. If it is a Extending 'E' wave of a Contracting Triangle, then Nifty will be stuck in the range between 5350-5032. 2. If it is a CT then it will break down out of the Triangle in a Thrust Down very swift and fast. 3. If it is not a CT then it will NOT hover in this range. 4. Most important, thrust out of this range almost immediately to take out 5350-5397 range. What it does this week will set the map for a very long term.

Subject: BOND BULLS ARE HERE - by: SAHIL VIJAY

Mon, 06 Aug 2012 11:58:46 +0530

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Kapil Tandon

Mon, 06 Aug 2012 11:00:12 +0530

Dear Ananth, I have today, started closing my longs - the broader picture is still of a bear rally with the nifty charts having taken a whack on 26th JULY 2012, i'll get back in as a bull again if 5350 is taken out. It was worth a ride on bullish side though. I'll be waiting for either a failure of 5280 to open shorts or cross over of 5350 to get back in again. The relevant chart of safe long target having been met is attached. Kapil Tandon. http://www.atma-india.net/images/fbfiles/files/snapshot_140.png

Subject: Re:Three Favorite Books You Would Recommend Others To Read. - by: Nikhil Dogra

Sun, 05 Aug 2012 22:27:24 +0530

My Favorite Three Books That I Would Recommend Others To Read :- 1) Reminiscences of a Stock Operator - Edwin Lefevre [Reason:- One of Those Rare Books Written Exclusively For Trader's & Not Analysts , mostly discard this jewel as folklore.] 2) Charting Commodity Market Price Behavior - L.Dee Belveal [Reason :- One of Those Rare Books Dedicated Exclusively To Pure Volume+Open Interest+Price Data & Not their Derivatives.] 3) The Disciplined Trader: Developing Winning Attitudes - Mark Douglas [Reason :- This Book Has Helped Me Personally Developing a Peaceful Frame Of Mind w.r.t Trading , It has Taught Me that I am in this business to make money & not to prove my opinions i.e "desire to win" should take precedence over "desire to be right"]

Subject: Re:Three Favorite Books You Would Recommend Others To Read. - by: sachin kulkarni

Sun, 05 Aug 2012 21:45:30 +0530

1)Technical analysis explained,by Martin pring as it describes every thing from bar chart patterns to market behavior. 2)Technical analysis of stock trends,by Edwards/Magee/Basseti.book is very good for various area patterns. 3)Japanese candelstick charting techniques or beyond candelsticks,by Steve nison.candels deals with price action and i think price itself is a fastest indicator can be useful for trading as well.

Subject: Re: Three Favorite Books You Would Recommend Others To Read. - by: Sushil Kedia

Sun, 05 Aug 2012 21:11:41 +0530

1) Technical Analysis of the Futures Markets, by John Murphy: It covers everything from a-z without boring you in any single paragraph. 2) Major Works of R.N. Elliott, by Prechter: Without the wave principle, I believe a Technician is incomplete 3) Practical Speculation, by Victor Niederhoffer: Religious attitudes to ideas that worked decades ago is a passport to guaranteed losses. With evolving markets to acquire the attitude to scientifically test any Technical Concept is explained lucidly by this book.

Subject: Three Favorite Books You Would Recommend Others To Read. - by: GUNJAN DUA

Sun, 05 Aug 2012 21:00:59 +0530

Recommend the best three Technical Analysis / Trading /Risk Management /Derivatives related books with a 2 line description of why it is on your most recommended list.

Subject: Nifty View - by: Arindam Pal

Sun, 05 Aug 2012 19:29:50 +0530

Nifty looks like choppy in that zone which I mention. It’s a Cup & handle and an Inverted Head & Shoulders formation in Nifty. The break out point of this Inverted H&S is 5250 (trgt 5435) & 5350 for Cup & Handle (trgt 5646). As long as 5030 is hold I’m bullish in Nifty. After break out of 5350 I hope 200 more point for bull. I’m a learner of technical analysis that’s why I’m here. ATMA is a big platform for me to know better about technical. If I make any mistake then tell me where it is. Thank U to all.. http://www.atma-india.net/images/fbfiles/files/Nifty_1.jpg

Subject: Re:Books wanted ... - by: S M GOUTHAM CHAND

Sun, 05 Aug 2012 19:29:04 +0530

Hai DR Musa and Raj, I have Prechter's Elliott wave principle spare books, Other books i need for my future reference. If you need EWP u can mail me. Best Regards Goutham

Subject: Economic Indicators - by: Nikhil Dogra

Sun, 05 Aug 2012 18:27:42 +0530

Where can i find a database for historical values of the following economic indicators:- 1) Indian M3 Money Supply 2) Indian Manufacturing Output (MoM) 3) Indian Industrial Production (YoY) 4) Indian Bank Loan Growth 5) Indian FX Reserves, USD

Subject: Re:Books wanted ... - by: Raju Angadi Vishwanath

Thu, 02 Aug 2012 20:57:54 +0530

Hi All, I am looking for Level - 2 books is well .... If anyone can assist me out regarding that it would be helpful .... with regards, Raj

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Tue, 31 Jul 2012 18:39:07 +0530

Nifty has closed aove 5225 , More chances for bulls have opened, From the low of 5032.4 (26th july low )nifty has moved up and corrected in Running flat correction which ended at 5154.05 , now wave 3 has already opened and may move to 5260 and 5310. This view holds as long as nifty does not closes below 5154

Subject: Re:NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Mon, 30 Jul 2012 10:50:27 +0530

Will Nifty close above 5195 and 5225 if yes then we can see further up move or else nifty can slip back to the lower levels. but i am not optimistic .

Subject: Re:RISK APPETITE RETURNS FOR NEAR TERM - by: SAHIL VIJAY

Fri, 27 Jul 2012 11:19:57 +0530

Thanks a lot sir. Please please always keep guiding and helping me improve sir. I always look upto you and want to follow you. I will work hard to improve and have better wave counts. I am elated that you took your precious time out to read my work. Though it is not upto your mark but one day i will make you proud sir. Thanks a lot for the support, guidance and motivation.

Subject: Re:RISK APPETITE RETURNS FOR NEAR TERM - by: ROHIT SRIVASTAVA

Fri, 27 Jul 2012 11:00:52 +0530

USDINR was an expanded flat correction so it bottomed near 54.2 already. Each rise from there should be impulse up. Nifty 5 wave decline I agree. Bonds have not analysed much but a multi year chart published on my blog shows a rising channel where wave C up did not reach the upper end so I am not sure the interest rate cycle has peaked before we get the deflationary low interest rate environment you are talking about. But its the first time I am looking at interest rate data and counting is not easy here so I cant stick my neck out on it.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Thu, 26 Jul 2012 18:59:25 +0530

Unfortunately Kapil, EW analysis would have indicated that there is high probability of 5096 having no meaning at all. The Triangular formation right in the middle of the rally from 4760 - 5340, has been SCREAMING that this rally is not a trend and it is only correcting the earlier fall and therefore it is doomed to total and Complete retracement. With 5050 being broken today, there is a very very very high probability that Nifty will be now moving to test 4760 over the next few days. I am of the opinion that the decline from here will be rapid, swift and violent. We could see some very swift waves unfolding to the downside. MURDER 1 had a successful release in 2008. Will we see MURDER 2.0 in August 2012? Trade Well! Trade Wisely Anant Acharya www.appliedelliottwave.com

Subject: RISK APPETITE RETURNS FOR NEAR TERM - by: SAHIL VIJAY

Thu, 26 Jul 2012 16:52:06 +0530

The global inter market play is depicting bulls are here for the one last time before a crackdown comes. The Wave B up on nifty to around 5230-5350, wave C down of flat correction in USDINR to 54.20-54.50, the completion of five wave down in EURO and confluence of RSI readings shouting 1.2450 in the near term and indian ten year benchmark 8.15 % GOI 2022 looking to crack for at least one time to 99.80 in the near future. The wave counts of different market sounding in similar tones adding confidence to the analysis. So, for the time being Take Risk as Risk Appetite returns for the near term. http://atma-india.net/images/fbfiles/files/INTERMARKET_ANALYSIS_26_07_12.docx

Subject: Books wanted ... - by: Musa Kaiser

Thu, 26 Jul 2012 13:39:42 +0530

Hello All, As you already know, the reading list for CMT2 is available on http://docs.mta.org/cmt/reading/cmt2-reading_spr12.pdf I am looking for the following books. Kaufman,Perry J, New Trading Systems & Methods, 4th Edn. Wiley & Sons Inc. Aronson, David R, Evidence Based Technical Analysis. John Wiley & Sons. Does anyone have a copy that I can get? My thanks in advance, Dr. Musa R

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Kapil Tandon

Tue, 17 Jul 2012 21:56:24 +0530

Seems like i'm the only bull left out here, this time i'm using weekly charts, have already posted daily charts in my last post a few days back, wherein a dip to 5197 was mentioned and expected and it's done that yesterday and today. For me this is bull market and i'll change my stand if 5094 were to break. Tomorrow am expecting nifty to take support at 5130-5136 region in an intra day dip and rally to resume with an initial target of near 5500 and an eventual target of 6100 over next few months. All bullish bets are off if 5094 breaks. The relevance of 5094 and 5197 can be seen in my last post and its chart and have attempted to attach the previous chart posted and my today's chart also with this post. Kapil Tandon. http://www.atma-india.net/images/fbfiles/files/snapshot_132.png it would not let me post two charts, my previous post and chart is at the link http://www.atma-india.net/component/option,com_kunena/Itemid,10/catid,19/func,view/id,435/limit,6/limitstart,54/

Subject: Re:which books to start for level 3 - by: S M GOUTHAM CHAND

Tue, 17 Jul 2012 20:15:21 +0530

Hai Natarajan, Very nice to hear that you are preparing for level 3 . First congrats for clearing level 2 . Level 3 is not like level 1 and 2 , it is essay based writing, Here you have to type the answers to the point, No If's and but's . You have to answer one thing Buy or sell , TIMING IS IMPORTANT, the guys who don't clear is because they do not complete the paper. The paper is not tough but the student makes it complicated by typing more stuff , Answer to the point. You have asked about the books, You can start with Constance Brown book you will find easy.Second with Inter market analysis by Murphy , Followed by Elliott wave principle, Candlestick by steve nison, Point and Figure and Irrational Exuberance. Syllabus of Level 1 and 2 are also important. Dow theory is also important Ethics is the important and it is around 30 marks question, out of which you have to compulsorily score minimum 70% to pass the exam. Best wishes for the exam, feel free if u have any doubt.

Subject: which books to start for level 3 - by: Natarajan visweswarn

Tue, 17 Jul 2012 19:20:21 +0530

Dear sir, Congratulations on clearing CMT level 3. I am planning my studies for Oct 20,2012 exams for level 3. Could u Kindly explain me how to go about. Is there any order by which to study or we must improve any english writing skills. I think i cleaed level 1 or becuase of resoning abilities which is good. Pls give me sone study preparation tips. Thanks Natrajan

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Tue, 17 Jul 2012 14:27:29 +0530

Yes Very True! and my thoughts have been the same too. Till 5050 is not broken there is no conviction to take a short trade nor to go long till the Island gets surpassed and we can count an extending Impulse. Either of the two should happen to show us the way. Appears a Critical point.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Tue, 17 Jul 2012 14:11:52 +0530

Its a very interesting set up and so bearish that you wonder if you getting caught up in a consensus bear trade with everyone around so negative...or am I in the wrong industry. B)

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Tue, 17 Jul 2012 11:12:45 +0530

pic attached here http://www.atma-india.net/images/fbfiles/files ifty_triagle.jpg http://www.atma-india.net/images/fbfiles/images ifty_triagle.jpg

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Tue, 17 Jul 2012 11:07:52 +0530

I have been a little wrong over the last few days and Nifty has been going nowhere, while I was expecting it to go down. Whle using Elliott Wave Analysis, we should never question the markets, but always facto in what the markets are doing to get a fair idea of what markets will do next. Thus I am changing my count a little, Though it is not changing the expected result. you may see Rohit's post on "Triangle of Triangles" in this thread earlier. It appears that Rohit has caught the right count the earliest. Attached see my reworked count on a similar thought. If this is correct, we can see a swift resolution after this Contracing Triangle is complete. We could easily see the Novembe 2011 low of 4530 tested fairly soon. This count would be confirmed for a trader only when Nifty gives a close below 5050 and that should be tested sooner than later. The attached chart should make the point clear.

Subject: NIFTY/ GOLD/ INR - by: S M GOUTHAM CHAND

Wed, 11 Jul 2012 17:55:45 +0530

WILL INR BREACH 57.33 ON UPSIDE ? I feel 57.33 is a top for time being, more over i feel rupee could strengthen further, Initially it can trade between 54.17 and 57.33.and finally break below 54.17. I think Rohit will not agree but i give few reasons on which the probability ( I FEEL ) is rupee should strengthen, Monthly chart of INR is attached http://atma-india.net/images/fbfiles/files/INR.doc http://atma-india.net/images/fbfiles/files/INR-20120711.doc

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Rupesh Solanki

Tue, 10 Jul 2012 20:26:32 +0530

HI ALL, I am a CMT level II candidate.It would be of great help if someone could provide an Elliot Wave Supercycle chart of NIFTY or SENSEX.It would help fellowmembers to learn and understand the concept in detail. With Regards, Rupesh Solanki.

Subject: Re:NIFTY - by: Anand Sancheti

Sun, 08 Jul 2012 00:42:14 +0530

As anticipated by the chart, 5300 has been achieved & its struggling a bit over there, large part of that reason might bee the gap that has appeared on the charts. There is a good possibility of a halt here with a retracement due. Either we dont fill the gap in that case we may come down till 5220 or if we do fill it then 5098 will be a crucial level close below that will attract more bearishness otherwise we can expect more upsides as showed in the charts. 5930 roundabout looks like a good bet by diwali.

Subject: Re:Wolfe Wave setups - by: Anand Sancheti

Sun, 08 Jul 2012 00:37:32 +0530

NO sumeet this is incorrect, as point 3 must be higher than point 1 for a bearish wolfe wave. Regards Anand Sancheti

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Kapil Tandon

Sat, 07 Jul 2012 21:57:25 +0530

At the risk of being contrary to all the bearish scenarios here,What i see on the daily charts is a higher low and a higher top in place, for me this a bull market now with an initial target of 5610, and if it takes out 22nd February high of 5632, i'll revise my long target to 6100. Stop loss on longs being a breach of 5098, an area which proved to be a major consolidation zone for Nifty. The risk to this bull market is dollar, which too is in a bull market with a similar higher low and a higher top formation. Would we get USDINR at 60 and Nifty at 6100 at the same time? - Only time will tell. Attached is the relevant Daily chart of Nifty. Were it to take out the 2010 high as well, i'll further update the long/meduim term target to 7300. However, not to jump to that high as yet am having an immediate target of 5610 and there would review once again or on break of 5098. I do expect a retest of 5197 in the coming days before this bull market resumes its rally and am a buyer on that dip. Kapil Tandon. http://www.atma-india.net/images/fbfiles/files/snapshot_128.png

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Wed, 04 Jul 2012 10:04:01 +0530

Bang on Goutham

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: S M GOUTHAM CHAND

Tue, 03 Jul 2012 18:28:00 +0530

Hello Rohit, Is it Himachal Futuristic communication Best regards Goutham Chand Chennai

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Tue, 03 Jul 2012 14:46:39 +0530

Ah. Ok. I get what you mean. E W patterns both of us look at them differently. I understand what you are implying completely. Brilliant. Thank you once again. - Anant

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Tue, 03 Jul 2012 14:32:30 +0530

China from 2009 http://www.atma-india.net/images/fbfiles/images/WaveChart-20120703.png

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Tue, 03 Jul 2012 14:30:24 +0530

If the CT is bullish then one more sell off in wave E should hold the lower trendline near 4800. Yes then things can turn positive however as mentioned I think its a distribution triangle a mirror image of 2001-2003 at the bottom. Have I seen this? Many times in stocks. In index we are witnessing this first time at supercycle degree in India but it has occurred in China after 2009. Let me share some charts. Here is one and wonder if anyone can guess the name of the stock...[clue:from the tech bubble] http://www.atma-india.net/images/fbfiles/images/WaveChart.png

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Tue, 03 Jul 2012 13:37:59 +0530

Rohit, An interesting and creative way of looking at the pattern. Thank you very much. I had not considered this. Could you please elaborate the reason to consider this in this position of the market, as I am still unsure how it would fit in the overall scheme of the pattern. My thoughts... 1. This would call for the rally from the lows of October 2009 to November 2010, be counted as an '(A) wave. Now this would imply that once this rally to 5450 is complete, we could see a repeat of the earlier fall of 2008. Never seen any Triangle that has retraced almost 100% of the earlier pattern. If you have any instance of such an occurrence earlier, could you please share. 2. If we are to consider the start of the CT from the top of Nov 2010, then we are looking at one more wave down from 5450. However this would call for a repeat of the rally from 2009-2010 and in that case we are expecting a Zig Zag off the lows of 2009 extending well into 2014 (maybe) Please do shed some more light on this. Thank you. - ANANT

Subject: Gold Wave count - International Chart and MCX charts - by: Kesava Achanala

Sat, 30 Jun 2012 16:34:30 +0530

Analysis on Gold. Comments are welcome http://www.atma-india.net/images/fbfiles/files/Gold_International_chart.pdf

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Sat, 30 Jun 2012 15:04:45 +0530

Here is chart I have been sharing everywhere. A triangle of triangles. Sushil may recall my argument over H&S and triangle in the right shoulder from the 2010 high. Now every move as I have shown over the last two years is a triangle in wave B, including the recent one as mentioned by Anant. So that tells me that the entire period is a pattern and joining the trendlines for now it looks like a triangle. Looks like fun. A 85 week pattern already it is now in complete equality to the triangle at the bottom from 2001-2003 when the Sensex was between 2600-3750. That took 84 weeks so its an almost time equality as well. All I can say is that then what we are looking at is a distribution triangle that is completing time equality longer term the next move will prove all disastrous forecasts true if what I have observed is right. http://www.atma-india.net/images/fbfiles/images/Triangles.jpg

Subject: Re:Silver - Wave Count - by: Ananth Acharya

Fri, 29 Jun 2012 23:48:56 +0530

Silver as expected has tested the $26 Levels I was talking about earlier. The next move should test the 28-30$ area from where the next round of bearishness should start. Ultimate target appears to lie at 16$ For now it should be heading up . Max up to 30$ levels. Anant Acharya www.appliedelliottwave.com

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Ananth Acharya

Fri, 29 Jun 2012 23:35:52 +0530

WOW! That is a beautiful piece of analysis from Sushil. I move from level to level as the markets unfold following them without an argument. At open today which was well above the 5182 level I was looking for, a bullish stance is now required till the present move up continues. However an important point here is the Triangular pattern that Nifty has unfolded over the last few sessions. This points to the entire rally from 4770 levels of June 4, 2012 being a corrective rally and not a trend. Thus this rally should be retraced completely in days to come. As long as we remain above 5050 a Bullish Stance is very much warranted.

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: Sushil Kedia

Fri, 29 Jun 2012 20:18:05 +0530

Enclosed pdf is Nifty futures hourly bars updated to now. 1) Interesting conundrum, where Trend-following wont work in the days ahead. Contrarian counter-intuitive trading may. 2) The IRREGULAR B low formed at 4762 on 6th April WILL BE BROKEN, yet before that: 3) pattern since the completion of the large blue ABC is another IRREGULAR B wave! within which, 4) the projected map is drawn in blue lines. Any pullbacks if coming closer to 5150 are buying points for a ride to 5370-80 area and a fall from there close to 5050 (when it comes we will get better finesse if it will be ONLY 5050 or as low as 4950) we will complete the C wave of this Upward breaking out IRREGULAR B. From 5050 a ride to 5480-5500 is feasible. Once so much is done the validity of the IRREGULAR B at 4762 will come into play and we will see a final low for the year, lower than seen so far. Corrections of a larger trend are the most complex places in the market. Trend following works in persisting large trends and Elliott waves help explain "nature" of the market better, hence comfortable in taking on the stance of a counter-intuitive, counter trend contrarian trader for the next several weeks with an UPWARD Bias now. The whole pattern has got extended into a larger degree A completing on the day I wrote my last note and since then the sideways to upward tilting IRREGULAR B has come. Once we slip down to 5050 re-test or slightly lower a final C upward burst close to 5500 is feasible. Thereafter the large drop to 4500 area. Given that Gold and Silver are showing ADVANCED signs of forming their long term bottoms yet again and if 1500 and 2600 respectively are not broken on each respectively, I see a minimum 50% and minimum 100% upmove in Gold and Silver respectively. What may happen is that while Gold Silver form their bottoms, one last vestige of some risk-on behaviour takes over global markets for the next 2-3 weeks fulfilling the rising Irregular B wave scenario on Nifty into 5480 or so. Thereafter, as Gold and Silver take off onto a massive extended long term Vth wave a very negative scenario globally returns shunning risk left, right and centre. During this period Western equity markets that have been LATE on the cycle in the last 3 years will COLLAPSE. Japan will go down to no more than 7800 (around 10% from current levels), China will at worst retest the 2100 lows and Nifty may go to slightly lower than 4500. All markets are in general having similar directions with some minor lead or lag BUT different amplitudes. Asia will return to be outperformer in the next bull market and signs of that are clearly visible across the long term charts of Nifty, Shanghai Comp and Nikkei. In any case, we all must move along the simple idea that all forecasts are an imagination of the future disciplined by observations of the past and as new evicdence presents itself on the table be humble to adjust our anticipations accordingly. Happy Trails to all. http://www.atma-india.net/images/fbfiles/files/Nifty_Hourly_updated_29June2012.pdf

Subject: Re:LONG TERM ANALYSIS OF INDIA NIFTY - by: ROHIT SRIVASTAVA

Fri, 29 Jun 2012 17:24:37 +0530

A move to 5450 appears imminent but will it stop there as a 3 wave advance. I think so but long term momentum indicators are turning now and an engulfing bull candle on the monthly charts is asking us to relook at our analysis