This service is for persons who have active interest in the market but are still learning the ropes on TECHNICAL ANALYSIS and are yet to develop their own indicators and charts. We provide the Excel based worksheet on which you have to actively input the "OPEN","HIGH","LOW" & "CLOSE" of the NIFTY on real time basis during trading hours(which is available on "www.nseindia.com" Online Index charts) and analyse breakout points for yourself and apply the same to your trading.Entering the breakout point in the sheet and type of option you are buying (CE/PE) automatically displays the Stop Loss and Targets
DOWNLOAD FREE TRIAL SHEET(Right click on the 'icon'
and 'Save Target as')Warning
The attached practice sheet is for testing purposes only and contains old data.You can enter data in the "dataentry" sheet and see the graphs on the adjoining sheets.A "manual" is also included.This sheet cannot be used for live trading on the day of viewing by you so do NOT attempt to trade using the data generated. This test sheet is modified for free viewing.The blacked out portions of the sheets will only be visible on purchase of the sheet from us.
Requirements: Microsoft Office 2003 or Higher
Services available for DIY
Daily - Rs.200/-(two hundred only) sheet will be delivered by e-mail to your inbox at the end of the previous trading day
after 6 pm.ie.tommorrow's sheet shall be made available after 6 pm today
Weekly - Rs.900/- for 15 min.type
Rs.850/- for 30 min.type
The weekly sheet is a single sheet which can be used for one entire week starting Monday to Friday and is available in two types ie.15 min mode where data has to be updated every 15 mins or 30min mode where data has to be updated every 30 min.All data have to be updated by you manually
Entire Settlement - Rs.3500/-(three thousand five hundred) 30 min type
Rs.3200/-(three thousand two hundred) 60 min.type
The entire settlement sheet is a single sheet which can be used for one entire settlement ie.Last Friday of the month is the begining of a new settlement and ends the settlement on the Last Thursday of the following month.Accordingly this sheet will be available through e-mail after 6 pm.of the LAST THURSDAY of the current month and is available in two formats where you update data in 30 min.mode or 60 min(hourly mode).
Hands-On Training available for Local Residents (Sivakasi) only
For persons who wish to get hands on training on use of data sheet:
During Market hours: Mon-Fri. 10:00am - 1:00pm Rs.500/-(five hundred) per hour (Max.of 2 persons per hour) Spot registration only at :116,Palaniandavar Colony,Sivakasi-626189
After Market hours:
Saturdays: 10.00am - 11.00am,12-1pm,3pm-4pm,5pm-6pm (Maximum 4 persons per hour) Rs.250/-per hour per person Spot registration only
First come first served basis only
Sundays:10am-11am,12-1pm (Maximum 4 persons per hour) Rs.250/-per hour per person Spot registration only
The Weekly and Settlement sheets can be used to carry-forward trades to the next day based on your personal judgements while Daily sheet shall be used only for DAY TRADING and not for carry-forward.
The Daily sheet is strictly for trading within that day only and is not suitable for the next day and data can be entered for only that day
Always use the INDEX value on the online charts only from NSE.Never use the option or futures value of the index.
Motto
Never try to guess a trend whether long or short (ie. why we don't give fancy forecasts saying on such and such a date the index will hit this point or that).Instead everyday go to the market with a free and clear mind irrespective of what the "DOW" or "NASDAQ" has done the other night or how the "ASIAN MARKETS" are doing this morning.Ignore the pre-open period wait for your indicators to get into the right position then go for the trade.So if the markets trade at 2200 or 6600 you still make money using your trading strategy.Remember cash in the bag is more precious than being "ACCURATE"in the market.There is nothing called ACCURACY in the market it's only your money that counts.When you do win think of losing trades as well and when you lose build up your confidence remembering the winners and thus avoid becoming greedy and overleveraging your positions.Always stick to one lot of "in the money option" to get the best returns never go for "out of money options" because if the trend materialises the out of money option does not generate the expected return.
Percentage wise out-of-money options may look good on paper ie.if an out of money option bought at Rs.15/- becomes Rs.30/- percentage wise you have doubled or made 100% but at the same time if an in-the-money option would have moved say from Rs.30/- to Rs.50/- .Now a Rs.20/- profit on Rs.30/- is only 66.67% return on investment but Rs.20/- is any day greater than a Rs.15/- generated by investing Rs.15/-.Money never works on percentage basis.When it comes to hard currency it is the quantum of cash you generate that makes the difference and not the percentage returns shown on paper even if it is one rupee more go for the one that generates more money.