Open house- May 6th.

At Vtrender, it has been our mission to provide to you an accurate assessment of what the market is trying to do through a simple system which is consistent and works in all markets.

Whilst understanding the ebb and flow of markets, it is essential that you trade with a methodology that is simple, accurate and does not distract you from the immediate purpose of understanding what message the market is trying to give.

Too often, traders run around chasing multiple trading systems and indicators when a simple understanding of price and volume is enough to see the message from the market.

Fact No 1 :It is a fact that 90 % of traders will lose money in the markets. Ask any relationship manger of any prominent brokerage and he would not recollect the name of the person who opened an account with him six months back!.

It's a pity, because given some education and some professional help, the trader would have been able to generate profits far more than what his fixed deposits would assure him every year.It's only lack of education and lack of professional expertise which guarantees failure to an unskilled worker, not just in the financial markets but elsewhere also.

The traders' reluctance to seek any kind of professional help whilst trading the markets dominated by large institutional houses and skilled professionals puts him at 1: 10 odds to win in this jungle.Our new trader instead would put at risk his thousands (and even lakhs) on some fly by night operators and free agents many of whom will further confuse him with their elaborate use of different tools/systems to explain the one same market.

Fact number 2 : All the moves of the market can be explained in one common universal trading system.If your system is not equipped to give you a similar level of results for trending and range bound markets, change it !

Fact number 3 : Our financial markets are dominated by institutional players. Most good traders will look at FII/ DII buy-sell figures everyday.

On the 6th of may, the coming Friday we are conducting an "Open House" to give you a small preview on the way we approach a trading day and our systems and tools.We will give you a one day free access to our trading room, to discover for your- selves a system of working guaranteed to cut your losses for the market.

What you can expect from the Open House:

a) an Overview on how to organize your day and what to expect during it.Know very early when the market will move big or when it will be range-bound.

b) you will learn how to track institutional money flowing into instruments. You cannot bet against large institutional money in these markets as they are known to defend their positions aggressively.

c) An open Q & A on all aspects of the market.

d) Live Commentary during the day on emerging market action, including proper levels for stops and targets.

And much more.

Invitations are open to all, but registrations will be required to enable us to issue you a password for the event.

Open house will be a walk-in between 9.15 to 3.30 and you can join us at anytime.

Send a mail to vtrender@gmail.com for a free invite.

Careful here !

This time the b shaped profile from yesterday worked well to the south side despite all the volatility in the BN futures in the morning.

NF stayed well below 5637 all morning.

So we have broken out of the previous range and now seem set at the top of the previous bracket between 5570 and 52XX .

There is a balanced profile at 5565 as an HVN ( not in chart) and should be an important ref level on the downside.

A rejection of this level, can act as a catalyst for a move through the previous balance and visit lower near 5350

Desi MO (McClellan's oscillator for NSE) for 02 May 2011

Notes from V2

Every evening, we go through charts with our market profile tools and analyze the markets for regions of demand and supply.

We keep 5 charts in the trading room : Nifty, Bank Nifty, RIL, LT and SBI.

Every night an update is sent to prepare the trading room for next day's major moves.

Here is a sample post from Friday's close

Bank Nifty Futures :

- 11580 had the largest volumes and the region of 11580/ 11625 will resist all up moves
- below 11450, Bn can see 11366 and if that does not hold then 11280/250.

Update at 11.30 :

- High of 11588 and low of 11290.

Nifty Futures :

- Large volumes at 5760 and 5794
- above 5795, NF can move to 5823
- below 5764, lows of 5733 and 5702/14 can be seen again.
- a close above 5827 will pit NF on track for a 120 point moves to bal highs at 5948
- a close below 5714 will bring 5630/ 5570 next.

Update at 11.30 :

- High of 5790 and low of 5730.

SBI Fut :

- The inside days have set up a powerful move in sbi and re-entry into a prev bal zone.
- Large volumes visible below prev support of 2850
-2772 and 2722 are supports on way down.


Update at 11.30 :

- low of 2727 made.

RIL :

- RIL formed an inside day around HVN of 976.
- 971 forms the lower extreme, below which it will vist 956.
- above 988, 999/ 1004 are possible.

Update at 11.30 :

- High of 985 and low of 974.( still inside)

LT :

- Like SBI, LT had an inside day and broke supports this week.
- large volumes visible at 1605.
- below 1596, 1582/ 1567 are possible.

Update at 11.30 :

- low of 1569 made.