iCharts Discussions

[tavrajan]

Dear RR sir,
Many many Thanks for your levels.I have no words to express my feelings.
Thanks for your help.Keep posting.I have confidence now I can also earn money in the market.
Thanks Sir,

Regards,
Varadharajan T.A

[rameshraja]

COMPASS FOR 25.09.2008

Today being the last day of settlement of september series, one should be careful in intraday trading. Market is lacklustre for the last one week and looking for direction from Global market. Practically, Nifty has not done anything in the whole of september and it is in the same level as it was in the last series of August month.

One should be very careful in overnight short position as Fibonacci time zone is pointing towards an upmove either tomorrow or during the first few days of next week. This Fib time though not honour all the time, its better to avoid carrying short position.

The Range for Nifty Future for the day: 4245 - 4150

Pivot for the day: 4187

Nifty Future levels:

4413.80 4387.85 4371.90 4346.05 4330.15 4304.50

4288.65 4263.10 4247.30 4221.90 4213.10 4206.20

4201.35 4190.55 4180.85 4171.25 4160.45 4155.65

4148.80 4140.10 4115.00 4099.50 4074.50 4059.10

4034.25 4018.90


Best Wishes

C T RAMESH RAJA

[rameshraja]

Hello guys

I have committed a serious error in reading Fibonacci Time analysis and based on that I have written here, market is likely to moveup either tomorrow or in the first few days of next week.

Actually it shows a SELL and not BUY signal.

This is a serious error in reading of the chart by me and I tender my apologies and regret for the error.

Best wishes

C T RAMESH RAJA

[rameshraja]

COMPASS FOR 26.09.2008

Nifty Future continue to be in weak zone and I expect selling pressure to continue till the oscillators gives an indication for pullback rally.

Yesterday being the last day of Settlement of September series, I have noticed Nifty Future of the current month (september series) was kept in discount and subsequent month( October) was traded in huge premium of around 50 points during the last 30 minutes of trading. My inference to this, traders who are long in NF have been forced to squareup at discount and shift their position to subsequent settlement at a premium resulting in huge carry over cost. My sense is, shifting the long in NF position at 50 rupees premium is detrimental to the interest of BULLS.

Technically NF chart is yet to generate a signal for pullback rally and any new high it tries to make in intraday will be punctured by selling pressure.

The Range for Nifty Future for the day : 4180 - 4065

Pivot for the day : 4135

Levels for Nifty Future :


4024.45 4039.35 4054.25 4069.15 4084.05 4098.95

4113.85 4136.20 4143.65 4151.10 4166.00 4173.40

4180.80 4203.10 4217.95 4232.80 4247.65 4262.50

4277.35 4292.20


Best Wishes

C T RAMESH RAJA

[rameshraja]

COMPASS FOR 29.09.2008

Last Friday market has closed at lowest level and there was huge selling in Index heavy weights particularly in Banking sector. Stocks like State Bank of India / HDFC Bank / ICICI bore the brunt of selling wave.

This week we have lot of events like Financial Bailout package of US and US House of Representatives getting passed on Indo US nuclear agreement. This two events might give hopes for Bulls for market to moveup but eventually market will fall on its own weight of trend. These news can give temporary relief to market but the uptrend will not be sustained.

Techincally looking at charts of various stocks and Nifty, this week the trend looks very fragile and our market is shaped for a sell off by Index heavy weights from financials / Reliance Industries etc.

The Range for Nifty future for the day : 4050 - 3900

Leading Pivot for the day : 4000

Nifty Future Level for the day: ( Use of this system is explained in 19.09.2008 under Compass)

4261.15 4245.40 4219.95 4204.25 4178.95 4163.35

4138.20 4129.50 4122.65 4117.85 4107.15 4097.55

4088.05 4077.40 4072.60 4065.85 4057.20 4032.35

4017.05 3992.30 3977.05 3952.45 3937.25 3912.75

3897.65 3873.30 3858.30 3834.05


Best Wishes


C T RAMESH RAJA

[mgowthamjain]

Hello RR sir


Good levels posted for NF

All levels from 3992 down side broken and NF made a low of 3775

bears cheerssssss !

[rameshraja]

COMPASS FOR 30.09.2008

As expected, yesterday market faced severe selling pressure and NIfty Future moved down to low of 3775 and closed at 3859.40. The closing of Nifty Future below 3895 is not good for market as it could further drift to 3600 level.

Technically market continue to be in weak zone and bears were very active in most of the frontline stocks particularly in financials and reality sectors. As global markets are very weak in the morning and Dow plunging below 700 points, market is sure to open on big gap down. I expect Nifty Futures to take support around 3700 and it should pullback from thereon. Shorting the Nifty Futures below 3735 is very risky and it can pullback very fast to 3950 - 3975.

The Range for Nifty Futures for the day : 3720 - 3895


Best Wishes


C T RAMESH RAJA

[sanmen]

RR Sir

no Post from you????? I (and am sure most of the Ichartians as well) are eagerly waiting for your post sir..its a guidance which we can not afford to miss Sir..request you to pl post ur views with CAM levels..

rgds

Sandeep

[rameshraja]

COMPASS FOR 03.10.2008

The market on Wednesday was very good for traders to make money in both long and short. Nifty Future could not maintain the day's high and started sliding in the last one hour of trade and gave up almost 40 points from top and closed at 3966.85. Technically, market is still in weak mode and only saviour of our market is Banking sector, particularly SBI outperforming the market.

The Range for Nifty futures for 03.10.2008 - 4020 - 3885

Leading Pivot for the day : 3925

For Friday's trading, Reliance Industries will play a crucial Role in determining the market trend. If RIL breaks 1890 ( which is the lowest low of last three days) then broader market will tend to become weak. In the event of RIL breaking 1890 and trades below that and makes a lower high of the same in 30 minutes time frame, Nifty Futures can fall to 3825 and 3775.

Following are levels for trading in Nifty Futures and the method of trading this system is explained here in 19.09.2008 post, under COMPASS.


4110.60 4095.10 4070.15 4054.75 4029.90 4014.55

3989.85 3981.30 3974.60 3969.90 3959.40 3949.95

3940.60 3930.15 3925.45 3918.80 3910.35 3885.95

3870.90 3846.60 3831.65 3807.50 3792.60 3768.55


For Reliance Industries Limited:

2069.60 2058.60 2040.90 2030.00 2012.45 2001.60

1984.15 1978.15 1973.40 1970.10 1962.70 1956.05

1949.50 1942.15 1938.85 1934.15 1928.20 1911.10

1900.55 1883.55 1873.10 1856.20 1845.80


For State Bank of India:

1565.10 1549.70 1540.20 1524.90 1515.45 1500.30

1490.95 1475.90 1470.70 1466.65 1463.75 1457.40

1451.70 1446.00 1439.65 1436.85 1432.80 1427.70

1412.95 1403.90


For Tata Steel :

460.45 457.55 455.30 453.70 450.15 447.00

443.85 440.35 438.75 436.55 433.70 425.60

420.65 412.65 407.80 399.95 395.10 387.40


Best Wishes


C T RAMESH RAJA

[rameshraja]

COMPASS FOR 06.10.2008

Last Friday, as expected when Reliance broke 1890 in futures, Bears brutally hit the stock to the low of 1765. And Nifty being the mirror of Reliance movement and it also fell to 3823 and closed at 3838.65 in futures.

Technically, market is still in sell mode and there is no clue to trace for turnaround rally and the crucial level to be watched on Monday for Nifty Futures is 3770. If it breaks this level, then it should fall to 3565 during this week. One has to keep logical SL when it breaks this level.

The Range for Nifty Futures for 06.10.2008 : 3895 - 3795

Nifty Futures Trading Levels as follows:

4074.40 4058.95 4034.10 4018.80 3994.05 3978.80

3954.15 3945.65 3939.00 3934.30 3923.85 3914.50

3905.15 3894.75 3890.10 3883.45 3875.05 3850.75

3835.75 3811.60 3796.70 3772.65 3757.80 3733.90

3719.15 3695.35 3680.65 3657.00 3642.40 3618.85

3604.35 3580.90 3566.45 3543.15

For ICICI Bank Limited :

545.95 542.80 540.35 538.60 534.75 531.25

527.85 524.05 522.30 519.90 516.80 507.95

502.55 493.80 488.45 479.85 474.60 466.10


For Reliance Industries Limited:

1923.55 1918.90 1915.60 1908.30 1901.75 1895.30

1888.05 1884.80 1880.20 1874.30 1857.45 1847.05

1830.25 1819.95 1803.30 1793.05 1776.55 1766.40

1750.00 1739.90 1723.65 1713.65 1697.50 1687.55

1671.55 1661.65

For REL Infra Limited:

839.80 832.80 821.55 814.65 803.50 799.70

796.70 794.60 789.90 785.70 781.50 776.85

774.80 771.80 768.05 757.25 750.65 739.95

733.40 722.85 716.40 705.95 699.55 689.25

For Reliance Capital:

1180.60 1167.20 1158.95 1145.70 1141.15 1137.55

1135.00 1129.40 1124.45 1119.40 1113.80 1111.35

1107.80 1103.30 1090.35 1082.40 1069.55 1061.65

1049.00 1041.15 1028.60 1020.85 1008.40 1000.75

988.40 980.85 968.65

For State Bank of India:

1600.40 1584.80 1575.20 1559.70 1550.20 1534.85

1525.40 1510.15 1500.80 1485.65 1480.45 1476.40

1473.50 1467.10 1461.40 1455.70 1449.35 1446.50

1442.45 1437.30 1422.55 1413.45 1398.80 1389.75

1375.25 1366.30

For Tata Steel:

442.30 439.45 437.25 435.65 432.20 429.10

426.00 422.55 421.05 418.85 416.10 408.15

403.30 395.50 390.70 383.00 378.30 370.75

366.10 358.65 354.10


The above levels to be used as per the explanation I have given in COMPASS on 19.09.2008.


Best Wishes


C T RAMESH RAJA

[vinst]

RR sir,
NF 3770 broken down.

regards,
vin

[rameshraja]

COMPASS FOR 07.10.2008

Today market fared worse and Nifty Future sank to 3603 and closed at 3625.60. The selling wave was visible across the board and none of the support levels were hionoured and the whole host of Index stocks melted to abysmal lows.

Looking from Technical angle, market right now seems to have done excess on downside leading to huge price destruction in many Index stocks. Relative Strength Index of Nifty and Reliance has come down to around 28 level for both, and it is unwise to be in short side of the market. I expect a strong pullback in the market which will force the bears to go for hectic short covering.

Nifty Future Range for 07.10.2008 : 3515 - 3760

Following are levels for Nifty Futures for trading:

3802.85 3796.30 3787.95 3763.95 3749.15 3725.25

3710.50 3686.75 3672.10 3648.45 3633.85 3610.35

3595.85 3572.45 3558.00 3534.75 3520.40 3497.25

3482.95 3459.95


For ACC Limited :

596.20 593.60 590.35 580.85 575.05 565.75

560.00 550.80 545.15 536.05 530.45

For DLF Limited:

374.05 369.40 361.90 357.35 350.00 345.50

338.25 333.85 326.70 322.35 315.40 311.10

304.25 300.05 293.35 291.00 289.20 287.95

285.10 282.55 280.10 277.30 276.05 274.30

272.05 265.65 261.75 255.45


For ICICI Limted:

570.55 561.25 555.55 546.35 540.75 531.70

528.55 526.10 524.40 520.60 517.20 513.80

510.05 508.35 505.95 502.90 494.20 488.85

480.25 474.95 466.45 461.25 452.90 447.80

439.55 434.50 426.40 421.40 413.45 408.55


For Reliance Industries Limited:

1797.85 1792.10 1775.60 1765.45 1749.05 1738.95

1722.70 1712.70 1696.55 1686.65 1670.60 1660.75

1644.85 1635.10 1619.30 1609.60 1593.95 1584.35

1568.80


For State Bank of India:

1481.75 1476.55 1472.45 1469.60 1463.20 1457.50

1451.80 1445.45 1442.60 1438.60 1433.45 1418.70

1409.60 1394.95 1385.95 1371.45 1362.50 1348.10

The method of using the above levels, I have explained in COMPASS on 19.09.2008

Best Wishes


C T RAMESH RAJA

[rameshraja]

COMPASS FOR 14.10.2008

I have not posted my views for the last one week, as I felt it is sickening to write everyday that market is weak. The kind of devastation that market has done in prices of many stocks in the last ten days needs to condemned by any trader in the market. I hope, better sense will prevail for Bears to stay away from market for sometime and allow Bulls to dominate for price recovery going forward. Its a great opportunity for Bulls to take the lead from strong global cues to trap Bears and force them go for hectic short covering.

Technically, though Nifty is still in weak zone and if bulls continously charge the market for next 3 to 4 sessions, then market will come into their hands.

Nifty Futures Range for 14.10.2008 : 3610 - 3435

Due to strong Global cues, the upper end of the logical day's range of 3610 will be breached in the morning and in such a case, it can move up to 3720. Traders should be extremely careful around 3775 and from thereon, the market can once again correct sharply.

Nifty Futures levels for intraday:

3797.50 3782.60 3758.60 3743.80 3719.95 3705.20

3681.45 3666.80 3643.20 3628.60 3605.10 3590.65

3567.25 3552.85 3529.55 3521.55 3515.25 3510.80

3500.90 3492.15 3483.30 3473.45 3469.05 3462.80

3454.80 3431.90

For Reliance Industries Ltd:

1678.15 1662.15 1652.35 1636.50 1631.00 1626.70

1623.70 1617.00 1611.05 1605.00 1598.35 1595.35

1591.10 1585.70 1570.20 1560.65 1545.20 1535.75

1520.45 1511.05

For State Bank of India:

1616.10 1606.45 1590.80 1581.20 1565.65 1556.15

1540.75 1531.30 1516.00 1506.65 1491.50 1482.20

1467.15 1457.95 1443.05 1433.90 1419.10 1414.05

For Tata steel:

358.90 354.35 347.00 342.55 335.35 330.95

323.85 319.55 312.60 310.20 308.30 307.00

304.10 301.45 298.90 296.05 294.75 292.95

290.60 284.00 279.95 273.45 269.45 263.05


Best Wishes


C T RAMESH RAJA

[rameshraja]

COMPASS FOR 15.10.2008

As I have written on 14.10.2008, Nifty Future made a high of 3729 and closed the day at 3527.80 . At the end of the day NF made negative reversal and NS made Grave stone Doji and both are very powerful reversal pattern. The catch here is, if these formations are made after a prolonged upside one has to be very careful. But in the current scenario of market, these reversal patterns have been made when market is in Over sold Zone. Therefore, I would not pay much of attention to these two formations and rather would like to take intraday trade than guessing what is in store in market going forward.

Nifty Future Range for the day : 3470 - 3615

Today, the Nifty futures is supposed to take support around 3470 and should not break 3456. In case of a breach of 3456, then it could fall to 3395 and last support level is around 3370. On upside, it can go to the maximum of 3615 as per Fibonacci Analysis.

For the next few days market will be rangebound between 3350 - 3600

Trading Levels for Intraday, as per Step 2 Trading System are as follows: The use of the System is explained in my post on 19.09.2008 under COMPASS.

Nifty Future:

3706.15 3682.40 3667.75 3644.10 3629.55 3606.05

3591.55 3568.15 3553.75 3530.45 3522.45 3516.15

3511.70 3501.80 3493.00 3484.20 3474.35 3469.95

3463.70 3455.70 3432.80 3418.65 3395.80 3381.75

3359.05 3345.10 3322.50 3308.60 3286.15 3272.30

3250.00


ICICI Future:

545.70 536.60 531.00 522.05 516.55 507.70

502.25 493.55 488.20 479.60 474.30 465.85

460.65 452.30 447.15 438.95 436.10 433.90

432.35 428.90 425.75 422.70 419.30 417.75

415.60 412.85 404.95 400.10 392.30


Reliance Industries Future:

1774.45 1758.00 1747.90 1731.60 1721.55 1705.35

1695.40 1679.35 1669.45 1653.55 1643.70 1627.90

1622.45 1618.20 1615.20 1608.50 1602.50 1596.55

1589.85 1586.90 1582.65 1577.30 1561.80 1552.25

1536.90 1527.45 1512.20 1502.80 1487.70

State Bank of India Future:

1606.35 1596.65 1581.10 1571.50 1556.05 1546.50

1531.20 1521.75 1506.55 1497.20 1482.10 1472.80

1457.85 1452.70 1448.65 1445.80 1439.45 1433.75

1428.15 1421.85 1419.05 1415.05 1409.95 1395.30

1386.30 1371.80


Tata Steel Future:

364.60 357.15 352.60 345.30 340.85 333.65

329.25 322.20 317.90 310.95 308.55 306.70

305.40 302.50 299.95 297.30 294.45 293.15

291.35 289.05 282.45 278.40 271.90 267.95

261.60 257.70


Best Wishes

C T RAMESH RAJA

[rameshraja]

CAMARILLA TRADING LEVELS FOR 16.10.2008 IS ATTACHED HERWITH.