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TRADING TOOL

PRIVATE CLIENT RESEARCH

 
.

APRIL 26, 2011

Shrikant Chouhan    shrikant.chouhan@kotak.com  +91 22 6621 6360

 

Trading Tool

Trading Tool is valid only for the Day to trade on an Intra day basis

We have covered Future's prices for Nifty and Bank Nifty.

For stocks we are using cash levels (because of variation of discount and premium) and with a base of the same one can

trade in cash segment or futures accordingly. If the cash segment is reaching to that specific level then it's a mandatory to
quit the trade accordingly irrespective discount or premium to the cash levels.

Closing Prices
Closing prices are the prices of the previous day. It is the level from where traders can start their day to trade on an intraday basis. If the trade is not respecting to the closing price then one can exit out of it. We mean to say the stock or index should sustain above or below the closing price. Ideally half a percent should be the stop loss above or below the closing price to enter into the trade.

Trend
Trend is the level to identify the trend of Indices and Stocks. For best results one can use the "Trend Remarks" to trade
accordingly. If the trend is "Weak" that means traders can trade with a negative bias. If the trend is "Strong" that
means traders can trade long into the same with a positive bias. Base price should be closing.

Achievable (Supp/Resis)
It can be achieved if the Index/Stock trades above or below the closing price. During normal course of trading first
levels are important. Around first resistance and supports levels one can take profit.

Probable (Supp/Resis)
It's a second resistance/support and can be achievable if stocks/indices are in trending mode. On events stocks and indices
can reach these levels.

Extreme levels
It is the beauty of the table. Our strategy behind giving these levels is we feel that some time the stocks fall or rise to their average lowest or highest levels FOR THE DAY and that may act as a best contra buying or selling opportunity with a minimal stop loss given in the table. We mean to say buy around extreme supports and sell around extreme resistance strictly with a given stop loss for the same. For e.g. If the extreme support for the Nifty is given at 5605 and in case the market comes to almost same levels then one can initiate long positions with a stop loss for long trade in the column say at 5585. If it breaks 5585 then it's a mandatory for trader to exit out of the same. Same thing is valid for "stocks" on both the sides.

 

Research Team

Dipen Shah
IT, Media
dipen.shah@kotak.com
+91 22 6621 6301
Saurabh Agrawal
Metals, Mining
agrawal.saurabh@kotak.com
+91 22 6621 6309
Ruchir Khare
Capital Goods, Engineering
ruchir.khare@kotak.com
+91 22 6621 6448
Amit Agarwal
Logistics, Transportation
agarwal.amit@kotak.com
+91 22 6621 6222

K. Kathirvelu
Production
k.kathirvelu@kotak.com
+91 22 6621 6311

Sanjeev Zarbade
Capital Goods, Engineering
sanjeev.zarbade@kotak.com
+91 22 6621 6305

Saday Sinha
Banking, NBFC, Economy
saday.sinha@kotak.com
+91 22 6621 6312

Ritwik Rai
FMCG, Media
ritwik.rai@kotak.com
+91 22 6621 6310

Jayesh Kumar
Economy
kumar.jayesh@kotak.com
+91 22 6652 9172

Arun Agarwal
Automobiles
arun.agarwal@kotak.com
+91 22 6621 6143

Sumit Pokharna
Oil and Gas
sumit.pokharna@kotak.com
+91 22 6621 6313

Shrikant Chouhan
Technical analyst
shrikant.chouhan@kotak.com
+91 22 6621 6360

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