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rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 26.02.2009

Nifty Future Range for the day : 2835 - 2750

If NF takes support around 2750 then there is no threat to upside and it could move to 2835.

NF breaking yesterday's low of 2741 is the first sign of weakness. Breaking this, then yesterday's high of 2782.70 will become SL. The downside will get aggravated when it breaks last Tuesday's closing figure of 2725.60. Breach of 2725 , NF could fall to 2685 - 2645 - 2625.

Individual Stocks: ( In Futures )

Short Aban around 367 with SL at 371.50. TGT 359 - 354 - 347 - 343

Short ABB around 386 with SL at 391. TGT 378 - 374 - 366 - 362

Short Axis around 371 with SL at 376. TGT 362 - 351 - 346

Short HDFC Bank breaking 857 with SL at 865. TGT 838 - 825 - 820

Short Mcdowells at 573 with SL at 579. TGT 563 - 555 - 543

Short Reliance capital breaking 370 with SL at 375. TGT 361 - 351 - 345

Important: The above are my opinions based on Fibonacci Analysis. Before you initiate real time trades, please do your own analysis and take decision than following my levels blindly, as you are risking your hard earned money in the trades. Take care ......

Best Wishes

Happy Trading !!!!!

C T RAMESH RAJA

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 27.02.2009

Nifty Future Range for the day : 2830 - 2755

NF can be bought around the support level of 2755 with SL at 2728. when it moves to 2788 SL to be trailed at 2770 and crossing 2808, trailing SL will become 2795.

The final Support for NF is at 2725 and if that is takenout, bears will rule the market.

Individual Stocks in Futures:

Buy Jindal steel around 1040 with SL at 1033. TGT 1061 - 1082 - 1095

Buy McDowells crossing 607 with SL at 600. TGT 622 - 638 - 648

Buy REL Infra crossing 524 with SL at 518. TGT 534 - 538 - 553

Short Aban around 359 with SL at 364. TGT 351 - 347 - 340 - 335 - 328

Short ABB around 379 with SL at 384. TGT 371 - 365 - 355 - 347

Short Reliance capital at 366 with SL at 371. TGT 358 - 352 - 346 - 341

The above are my opinions based on Fibonacci Analysis and I have taken 38.2 and 61.8 ratio as basis for entry and SL with adequate filters to avoid whipsaws. Before you enter into real time trades for the above stocks, kindly do your own analysis and decide the trade.

Best Wishes

C T RAMESH RAJA

pradyehv · White Belt Joined: 09 Jan 2007 Posts: 43

aban and rcap were superbly awesome( i only did these 2). thank you rameshsir

kkriss · White Belt Joined: 15 Jan 2009 Posts: 20

Mr Ramesh awaiting ur reply---9833281445

muthuan · White Belt Joined: 23 Jan 2009 Posts: 3

Dear RR SIR, i am regularly checking ur "MARKET COMPASS" for market directions. pls update and help us sir.

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Mr Muthuan

Trading idea for 04.03.2009

I will do it from tomorrow. There is a domestic Function going on at my home and therefore could not update here.

Today look for shorting opportunity around 2635 with SL at 2651.

As Nifty Future has closed below 2610, it should fall to retest Oct low of 2228 and when it breaks this, the final bear market bottom will be made around 1818.

In Individual stock, look for BHEL low of yesterday to be takenout for swing short with SL at 1384 for downside TGT of 1300 - 1275 - 1245

Best Wishes

C T RAMESH RAJA

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Market Compass for 05.03.2009

Nifty Future Range for the day : 2670 - 2610

Crossing 2675 or breaking 2594 will have momentum move. ( This 2675 is the break down point for NF on 02.03.2009 and 2594 was yesterday's support in the last one hour of trading).

SBI and HDFC are looking extremely weak and this two can spoil the market sentiment adversely.

Best Wishes

C T RAMESH RAJA

mansukh · White Belt Joined: 17 Aug 2006 Posts: 29

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Mr Mansukh

Its hard to predict the time of fall to Oct low or making the final bottom of this bear market. Empirical evidence suggests, bear markets last for 18 to 24 months. The high probability being, Nifty should bottomout by September 2009. Bears have already devastated the market and nothing is leftout for them to do more. Ofcourse, there are flabs in a few stocks, which would be cut in due course of time.

The real heat of slowdown is being felt by corporates from the last quarter and environment is getting worsened further. Market always bottomout when there is no hope, and fear engulfs the corporate Board room. The recent decision of Ashok Leyland management to change their company slogan as ' WE ALSO DO TRUCK MANUFACTURING" , amply demonstrates the confidence level of corporates getting eroded. When a low profile company like Leyland makes this statement, we as a market participant need to standup and realise, that market is nearing bottom.

To put it in a nutshell, I am confident that this market will bottomout sooner than later and but if you ask me exact time, I am not capable of predicting this event.

Lets keep our fingers crossed and market will do its job perfectly correct.

Cheers !!!!

C T RAMESH RAJA

mansukh · White Belt Joined: 17 Aug 2006 Posts: 29

Thank you very much for your kind reply Sir. Your vision has helped me very much in my trades. I am waiting for this bottoming out process and arranging huge capital for the next BULL run Smile

Apart from the Daily compass, please enlighten us with some Fundamental Analysis aspect of investing too. This would help us in selecting good stocks for investing.

Regards,
Mansukh

muthuan · White Belt Joined: 23 Jan 2009 Posts: 3

Sir, As of now we are confident that market is under bear grip only and sitting in short. So pls give us a signal if u think that the market is started moving in the opposite direction.

Thankyou

aravindswamy · White Belt Joined: 31 Jul 2008 Posts: 20

sunilhv0 · White Belt Joined: 11 Jan 2007 Posts: 5

Dear RR sir,

Thanx for writing your daily views in market compass. Daily your leevls are working as magic and yesterday also breaking 2594, market never recovered.

Thx a lot for sharing all this in a public forum.

regards,

Sunil

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Dear Friends

I am leaving icharts for my Business expansion and would like to thank all of you, for your good support and relationship in exchanging the ideas of trading in market.

I cherish my good friendship with Mr Srikanth and Mr Manish Agarwal of icharts, and our friendship will continue to strengthen going forward.

I take this opportunity to thank Mr Srikanth and Mr Manish Agarwal for their excellent support to me during my association with icharts.

I wish icharts Team and members a bright future.

Regards

C T RAMESH RAJA

tavrajan · White Belt Joined: 13 Sep 2008 Posts: 3

RRsir,
Thanks for your tremendous support.your excellent observation help many people.you are tutor for ichartians beginers like me.There is no words except
"Thank you" , it's small. But the meaning is big.
Thank you once again.
Regards,
TAVRajan