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Market Compass for 12.08.2008

 
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Author Market Compass for 12.08.2008
rameshraja
Expert
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Joined: 24 Nov 2006
Posts: 1121

Post: #1   PostPosted: Tue Aug 12, 2008 8:04 am    Post subject: Market Compass for 12.08.2008 Reply with quote

Strong Global cues pushed NF to the high of 4642 on Monday (11.08.2008) and it negated the negative reversal it made 6th Aug, 2008 and closed above that high.

Where NF is headed on 12.08.2008 ? Today its better to trade along with Camarilla Trading Levels and market could retrace from R4 to R3 . There will be two way movement in Nifty with high volatility and its better to trade with levels.


Nifty Futures Range for 12.08.2008 : 4690 - 4555


CRUCIAL LEVEL TO BE WATCHED FOR : 4616.00


In individual stocks, I would like to trade swing Longs in HDFC BANK / SASKEN / TTML and my SL will be last week low.


Best Wishes


C T RAMESH RAJA
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tangotaurian
White Belt
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Joined: 18 Oct 2007
Posts: 30

Post: #2   PostPosted: Tue Aug 12, 2008 9:39 am    Post subject: Reply with quote

RR Sir...thnx a lot for your view Smile
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nitinak
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Joined: 29 Jan 2008
Posts: 7

Post: #3   PostPosted: Tue Aug 12, 2008 11:00 am    Post subject: Mkt. Compass Reply with quote

Thank your RR sir for posting your view in compass. I request your kind self to post it daily sir. Pleaseeeeeeeeeee

With Warm Regards,

Nitin Kaklotar
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