The eldergulls dairy

Date 06/14/08 time 12.26 am

Hi Guys,
I was a bit busy making money and hence could not find time to come here and write about the markets. But i guess it is going to be easy going from here on. I have also started trading in commodities on the mcx. I will try and post some inetersting signals. It has been my endevour here totry and keep this thread as light as possible, Yet there r times when only actualy trading can help u understand what i mean to say. Anyways i will be posting my signals here for u to see and share.
If one wants to know more my trading signals add my yahoo id : phoenix_diary
And send me a message which reads" yaho yahoo". I will know u r from this site.

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Neeraj B


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date 07/09/08 time 10.03 am

Hi All,
The rally in the market is going to be anything but tradeable. It is far more wise to just sit on the sidelines and enjoy the fun as it unfolds. For those of u who havent had the courage to get out of their prejan buys. This is the time to be taking the first step towards improving urself and sell everything that u have in the current run up. Its okay if u r left high and dry and the figure that u realise from such sales may make ur self esteem take a bigger dip then the fall in the markets. But count on me it is far better that way, the road to self improvement lies in first realisaing the fact that one is making mistakes. The motto of my consulting group is the rigvedic verse
"atmevaha atmanaha bandhu, atmevaha ripuratmane" arthat " you yourself are your own best friend as also your own worst enemy"

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Neeraj B


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The current fall that we witnessed is a bear trap and so dedsist frfom selling, which also means that we should not be buying into anythng. Nifty will go into the bear hand only if it closes below 4000 today and thats looks a far call. Hence the only thing that is happening right now is that people are shorting with the aim of making money on the back of US fall yesterday. they will be in for a rude surprise, is what i feel Ongc and tatapower r starting to develop bear traps.
For a free trtial of our calls pls add our messenger id:
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Neeraj B


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Date 07/11/08 time 10.57 pm

HI All,
the first hour of trading will hold the key to the days movement. IF it is able to hold on to the gains that it had achieved then we are likely to ee further buying coming towards the second half of the day. For those who haevnt taken any positions buying at te start of the day can be very taxing, as positions can get stopped out if it does not hold. Hence the wise thing to do is to wait and watch till the second half of the day.
For a free trtial of our calls pls add our messenger id:
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Neeraj B


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Date 07/14/08 time 9.44 pm

Hi All,
Today the market started out with a flurry, it went into a buy mode in the very first hour. I think the eagerness with which bulls juumped in was clearly visible, tatapower, sterlite, tata motors and Rcom all gave buy signals, but for one which (Rcom) all tohers achieved their targets. Rcom was the last one to give a signal at 449.30 and that happened at 2.00 pm, but by 3.00 pm, the bears were out again. Actually I am not very sure if the bears managed to pull the nifty down today. It was more of bull unloading then bear hammering. Suzlon and icicbank which were sell signals of friday, gave ample chance to escape. Both have not achieved thier target and hence can be expecteedd to do that on the downsidee tomorrow. As i write this The US markets which had opened flat and gone up have again started thier downward journey. This does not augur well for our markets at all. For even though we did not see a fall today. The going is going to be very tough for the bulls to oncee again come out and buy after todays debacle. Hencec watch out for the levels of 3900 being tested tomorrow. Oil inspite of giving a false signal to buy managed to go up to 6279 and so is gold moving up without reason. Though this is good news for the bulls, the very fact that it refuses to stop is something which the bears will prey on. The bias is surely towards the downside now.
They say that when the going gets tough, the tough get going. and so no wonder we see the bulls just sitting it out. lol, they arent tough simple!!!!!

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Neeraj B


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Date 07/15/08 time 9.33 pm

Hi All,
The day started off with a bang and icicibank and suzlon which we had shorted at 581 and 197 yesterday were covered early in the day at 545 and 189 respectively. The day though was not so easy to trade. Through the day there were quite a few instances of stocks coming close to giving a signal on my systems and then not being able to satisfy all the conditions and hence not becoming valid sells. This happens towards a trend change time. I was extremly cautious through out the day. But at 2.00 pm something unusual has happened, i got a signal in infosys to short it and that went abegging at 3.00 this clearly showed that the bears were losing it. Then came the final half an hour, in a flurry of activity stocks fell like ninepins and we had a battered closing. The post closing has jumped up substantially, and as i write this i think ( am yet to check on systems) tat only sterlite became a sell signal on day charts. I have given it out as a signal.
Oil has come crashing down and yet US markets r not going down below the psycological level of 11000, if that were to happen it will be curtains for the bulls tomorrow. if not then we will see them come out tomorrow, if they dont do so tomorrow, just forget the bull story from there on. Its their last chance and i mean it.

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Neeraj B


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Date 07/16/08 time 8.28 am

Hi All,
Yesterday after our markets closed there was just one signal that came along in SAIL, this was obviously a sell signal. In the evening The US markets kept oscillating between red and blue and in the second half of the day there it was consistently in the blue. The last half and hour was really really bad there as the Dow closed more then 95 points down. A net fall of more then 125 in half an hour. This does not augur well for our markets at all and surely we will see a lower opening. The saving grace has been that oil did fall back. The immediate concerns would revolve round the FLL selling spree and that will continune. As said earlier Sail was the only stock which has given a sell signal on my systems. the closing being 130.80. The target for that stock would be 126.90 which i think will be a cakewalk to achieve. There is no need for us to look for suports in this sort of a market. For a open discussion of our calls pls add our messenger id:
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Neeraj B


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Date 07/17/08 time 10.54 pm

Hi All,
I am sure that all those who read this will be a bit disappointed. But the way the market has progressed so far does not augur well for trading, either up or down. The nifty futures has openedd at 3951 and that level will have to be taken out for us to be buyers in todays market. As i write this the nifty futures is at 3874 which means that it is way to lower and for us to sell we will have to have the nifty closing on below 3805, and that is way to far too. Hence though u may find it difficult to digest it, the best way to tackle todays day is to be away and just sit it out, wait for either one of these levels to be taken out. Sellers can still get a signal but the levels will keep rising for them from the 3805 which i have mentioned with the passing of each hour. To know the levels above which u can sell further after 12.00 pls add my yahoo messenger id
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and i will give those levels every hour there.

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Neeraj B


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Date 07/18/08 time 12.11 am
Hi All,
The Nifty refused to give any signals through out the day. It would have given a sell at 12.00 pmm had it closed below 3858. That level was not broken on a close. After that towards the end of the day it started going up but was not able to take out the level of 3951 which was crucial.
Now the inflation numbers are below 12%, ( thats what i have heard but i dont know the exact numbers), oil below $130 and the US markets zooming for a second day running, it sets up the road for a move towards 4200.We will give our daily signals again tomorrow. It will be a tough day trying to catch something which will move as most probably it will again open higher.
If you want to know more about these signals pls message us at the yahoo address given below.

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Neeraj B


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