iCharts Discussions

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 10.02.2009

Nifty Future range for the day : 2940 - 2840

If NF crosses 2921 trailing SL is 2879 and when it further crosses 2930,

then trailing SL will become 2915.

Best Wishes

C T RAMESH RAJA

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 11.02.2009

Nifty Future Range for the day : 2939 - 2849

I am giving below two scenarios:

1. If 2876 is broken ( Which is Yesterday's low ), then it could drift to 2849 of lower range. The final support for the day is at 2838 and if it is takenout then it could fall to 2768. If 2838 is breached, short can be initiated on bounce at 2877 with SL at 2896.

2. Suppose if it doesn't break yesterday's low, then NF will move to 2985.
When NF crosses 2956, trail the SL at 2938.

Individual stocks:

If market sentiment is good, HDFC Bank and Reliance capital should rock on upside.

If the sentiment is bad, then look for Aban / Bharti Airtel / DLF / HDFC to underperform the market.

Best Wishes

C T RAMESH RAJA

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 12.02.2009

Yesterday market trapped the bears and NF and many frontline stocks have broken the low of previous day and recovered to close above the opening price of the day. It was a well laid trap as stocks which were looking fragile for a fall were movedup and outperformers have been managed without any damage to its uptrend. Well played by BULLS and Hats off to them !!!

Nifty Future range for the day : 2885 - 3050

Again yesterday's low has become very crucial for market and today's support lies at 2861 level. Break of 2838 will kindle hopes for bears to 2785 - 2765 - 2730. Bulls will show their supremacy if two day's high of 2949 is takenout and could push the NF to 3025 - 3050.

While we try to trap the BULLS and BEARS, lets not forget the SL. Crossing 2962, SL to be maintained is 2920 and further if it moves to 2975 we need to trail it at 2954.

From EOD charts SLs are bit far away, and but we can initiate trade with logical SL by taking cues from RT Chart as we all live in COOL PLACE (Icharts) for HOT CHARTS.

In Individual stocks look for HDFC / HDFC Bank / McDowells / Reliance capital for good action.

Best Wishes

Happy Trading !!!!

C T RAMESH RAJA

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 13.02.2009

NF is crucially placed today. Yesterday it has made Inside Bar formation and consequently 2949 and 2871 will play a crucial level for Bulls and Bears. This Inside Bar is formed when Stochastic is in over bought zone. For the last three days, Bulls were only able to defend the 2870 zone but not able to move the market convincingly on upside and upmoves are becoming laboured one.

To stay on game, bulls need to takeout yesterday's high coupled with a bang bang by crossing 2949, and for bears if they try to takeout 2870 zone convincingly, then they will tighten their hold.

Trading Levels for the day:

For upside: 2887 - 2914 - 2928 - 2946 - 2969 - 2980 - 3035

For downside: 2887 - 2870 - 2838 - 2808 - 2795 - 2775.

Best Wishes

C T RAMESH RAJA

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 16.02.2009

I feel its unwise to take call for the day since Interim Budget will be presented by Government today.

This week NF Breakout level is 2986 and its SL is 2970 and Breakdown is 2915 and SL is 2936.

Lets see what bulls and bears do this week.

Best Wishes

C T RAMESH RAJA

eagleseyes · White Belt Joined: 24 Aug 2007 Posts: 56

thanks sir

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 18.02.2009

Nifty Future Range for the day : 2795 - 2720

If NF crosses 2784 trail the SL at 2770. After crossing 2784 if it breaches 2770, then it can fall sharply to 2720.

Breaking 2717 will open further downside to 2695 - 2675.

If support of 2717 is broken, then maintain SL at 2732.

Best Wishes

C T RAMESH RAJA

rvg · White Belt Joined: 31 Oct 2006 Posts: 279

Thanks Sir

meetatex · White Belt Joined: 08 May 2008 Posts: 71

hi st pro
it is always problem why cant we see the newest post is first
i dont think any body wan go thro first msg
or pls tell me how to set newest first kind of setup
thanks
basant

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 19.02.2009

NF Resistance at 2820 and support at 2735.

NF Breaking 2722 will fall to 2695 - 2675 - 2655.

Stop for 2722 is bit far away today at 2765. Therefore, breaking 2722 it can be shorted on bounce around 2745 to have a closer SL.

Any upside for NF is laboured and hence vulnerable for a sudden reversal on downside.

Take care

Best Wishes

C T RAMESH RAJA

rksharma1091 · White Belt Joined: 20 Jan 2009 Posts: 49

Thanks

SwingTrader · Posted: Thu Feb 19, 2009 3:34 pm Post subject: Re: why cant we have newest first

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 20.02.2009

Nifty Future Range for the day : 2820 - 2735

NF breaking yesterday's low of 2755, will become weak and vulnerable for a fall to 2665. Breaking yesterday's low of 2755, SL will become yesterday's high only.

Breakdown for NF today is at 2714. Breaking this NF will fall to 2685 - 2665.

I give below my view how NF trade can be initiated today:

Breaking 2755, short on pullback at 2765 with SL at yesterday's high of 2793 and when it breaks 2714, move the SL to 2755 and look for TGTS of 2685 - 2665.

Stocks to watch for:

Kotak Bank is a short below 253 with SL at 257. TGT 243 - 233

HDFC is a short below 1415 with SL at 1425. TGT 1390 - 1365

L & T short below 642 with SL at 651. TGT 628 - 618 - 611

RIL will become short breaking 1291 with SL at 1301. TGT 1269 - 1246

REL INFRA is a short below 510.50 with SL at 516.50. TGT 496 - 483

The above are my views and before initiating real time trades, please do your own analysis and take decisions accordingly.

Best Wishes

C T RAMESH RAJA

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 24.02.2009

Nifty Future weekly Trading levels:

Breakout for this week - 2735 and SL for Breakout - 2715. TGT 2900.

Breakdown for this week - 2665 and SL for Break Down - 2680. TGT 2500.

Nifty Future Range for 24.02.2009 : 2775 - 2707

Breakdown for NF for the day is 2696. Breaking 2696, short on pullback around 2715 with SL at 2737. TGT on downside 2670 - 2665 - 2635.

Please note, in the event of breaking 2665, weekly SL for breakdown will come into force.

Individual stocks - ( Futures )

Short Bharti Airtel breaking 625 with SL at 631.50 . TGT 609 - 600 - 594

Short BHEL breaking 1358 with SL at 1368. TGT 1344 -1335 - 1320 - 1312

Short DLF breaking 135.50 with SL at 138.50 . TGT 128 - 124 - 121

Short Grasim Breaking 1322 with SL at 1332. TGT 1300 - 1286 - 1277

Short Jindal breaking 990 with SL at 999. TGT 976 - 970 - 959 - 950

Short JSW steel breaking 200 with SL at 204. TGT 194 - 191 - 185 - 180

Short Kotak breaking 248.50 with SL at 252.75 . TGT 242 - 238 - 232 - 229

Short Tisco breaking 166.50 with SL at 170.50. TGT 161 - 158- 154 - 151

The above are only my opinions and therefore, before you initiate any real time trades, do your own analysis and decide the trade.

Best Wishes

C T RAMESH RAJA

pipstocks · White Belt Joined: 02 Jan 2009 Posts: 29

Respected rameshsir,
You are sincerely requested to guide me in using fibonacci calculation for nifty daytrading . How to use yesterday's high and low or close for present day retracement and price expansion?