iCharts Discussions

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Could Hurricane Gustav take oil prices to $130?

Regards,
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Discalimer: Trading in stock market involves high risks. The risk could be substantial financial losses. Please analyze the risks before trading. The information provided is based on my understanding of Technical Analysis of Stock/Commodity markets. My views have not been correct all times.

Hi Team,

With reference to the message on 24th August, Sensex range of 15250 (+/- 250) provided Resistance. Support-level is around 11.9K.

US Stock Mkts are in Deep Red inspite of Oil at $107. Looks like the decoupling between Stock Mkt and Oil is being put to test. A point to note is that the Crude Oil chart is showing Divergence.

Happy Trading!

Regards
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Discalimer: Trading in stock market involves high risks. The risk could be substantial financial losses. Please analyze the risks before trading. The information provided is based on my understanding of Technical Analysis of Stock/Commodity markets. My views have not been correct all times.

Hi Team,

At the time of writing this message Sensex was quoting at 13250. With 15250 as resistance, and 11900 as the support, over 50% of the movement is done. Sensex's resistance at 15250 level was hard to break. Charts indicated the possibility of something big about to happen. Hurricane Gustav wasn't big enough, but Lehman was.

Regards,
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Discalimer: Trading in stock market involves risks. The risk could be substantial financial losses. Please analyze the risks before trading. The information provided is based on my understanding of Technical Analysis of Stock/Commodity markets.

Hi Team,

Sensex levels to watch:

Resistance1 - 13260
Resistance2 - 14200

Support1 - 12600
Support2 - 11500

Regards,
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Discalimer: Trading in stock market involves risks. The risk could be substantial financial losses. Please analyze the risks before trading. The information provided is based on my understanding of Technical Analysis of Stock/Commodity markets.

Hi Team,

R1 and S1 mentioned on 30th September were 13260 and 12600 respectively.
On October 1st, Sensex got resisted at 13203 (high).
On October 3rd, Sensex closed around 12.6K levels at 12526.

Sensex Levels for the week of October 6th:

Resistance2 - 14150
Resistance1 - 13260

Support1 - 12600
Support2 - 11420

Support1 level 12.6K will become resistance if Sensex is not able to sustain 12.6K

Regards,
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Discalimer: Trading in stock market involves risks. The risk could be substantial financial losses. Please analyze the risks before trading. The information provided is based on my understanding of Technical Analysis of Stock/Commodity markets.

Hi Team,

With reference to the message on 5th September, Sensex has moved from 15000 Level to 11900

At the time of writing this message, Sensex was quoting at 11890. The next level to watch on Sensex is 11500

Regards,
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Discalimer: Trading in stock market involves risks. The risk could be substantial financial losses. Please analyze the risks before trading. The information provided is based on my understanding of Technical Analysis of Stock/Commodity markets.

Hi Team,

With reference to the message above, Sensex touched 11500 level.

At the time of writing this message, Sensex had made an intraday low of 11501.

In a Bull Market, there are usually excesses on the upside. Similarly, in a Bear Market, there could be excesses on the downside.

Also, in a Bull Market, Resistances are likely to break. Similarly, in a Bear Market, Supports are likely to break.

Sensex 11500 is a support level. There could be a bounce to 14000 level. But in a bear market, my view is that --- it would be better to go 'Short' at resistance levels, rather than going 'Long' at support levels (Please refer to the first message on this thread).

Happy Trading!

Regards,
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Discalimer: Trading in stock market involves risks. The risk could be substantial financial losses. Please analyze the risks before trading. The information provided is based on my understanding of Technical Analysis of Stock/Commodity markets.

Flashback from shoutbox archives: (Feb to May 2008)

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03-Feb 22:49 vivek999 Friends, here's y i feel Sensex is gonna touch 10K.. http://www.imagebam.com/image/5b18352485232

vivek999 : India Cement gets my 5 star ratin for sell.. SL 233
vivek999 : India Cement luks gud for goin short.. It has not be able to move above the long-term trendline.. (09/02 22:03:21)

08-May 18:37 vivek999 It has been 5 years of bull-run.. I don't expect the bear phase to be over in 5 months.. My long term view is bearish..

08-May 18:44 vivek999 hdo.. my experience -- long term resistances override short term support levels..

08-May 18:50 vivek999 mbn: watz the point in $ being strong wen IT companies are not getting projects from US

23-May 18:56 vivek999 RR sir, the other day I had posted this chart http://www.imagebam.com/image/d645d36264242/ and had said "let the charts do the talking"... the channel has been broken on the downside.. my target is 400 points..
23-May 18:58 vivek999 400 points on Nifty... 1500 points on sensex
23-May 19:02 vivek999 RR sir, this time, at around 16.8K levels, i see channel break on downside.. target around 1500 points..

29-May 16:05 vivek999 last week, icici had broken long term trendline @ 860 levels.. now at 800 levels

30-May 19:23 vivek999 mbn.. that wasn't a joke.. i'm serious.. In bull-mkt supports are likely to support.. In bear-mkt resistance r likely to resist.. Inverted charts help seeing a bear-mkt from a bull-mkt perspective..

31-May 19:20 vivek999 icici weekly chart with trendlines.. http://www.imagebam.com/image/c7014d7074769

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I have had my bad days, as well...
One of my bad trades/analysis was when I analyzed that there would be a bounce at 16.2K levels (Long term trendline support) during March 1st week. But there were excesses on the downside, and market touched 15K levels..

A quote that I came across: "A smart trader is one who knows when NOT to trade"

Happy Trading!

Regards,
Vivek

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Dear Vivek

A good successful technical Analyst holds only one view on broader market and market moves in the direction what he foresee the trend. He is not biased on BULL / Bear market. Maturity of analysis lies on making charts talk than we talk.

Very Happy

Best Wishes

C T RAMESH RAJA

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Vanakkam RR Sir, Smile

I appreciate your views very much...

Thank you!

Best Wishes and Regards,
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Discalimer: Trading in stock market involves risks. The risk could be substantial financial losses. Please analyze the risks before trading. The information provided is based on my understanding of Technical Analysis of Stock/Commodity markets.

Nifty Intraday charts show 3200 as a breakout level for the upside levels of 3400, 3600..

Since the breakout is on Intraday charts (as compared to EOD charts), strength-rating would be 'average'.

Regards,
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Unsuccessful attempt of breakout at 3200 level... 3100 level is the support level to watch..

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Discalimer: Trading in stock market involves risks. The risk could be substantial financial losses. Please analyze the risks before trading. The information provided is based on my understanding of Technical Analysis of Stock/Commodity markets.

Nifty
Resistance: 3200 - 3250
Support: 3050 - 3100

If there is a 2nd attempt towards Nifty 3200 spot levels, and if this level is breached, 3200 will become an important support level..
Currently, the breakout level is at 3175 spot.

Regards,
Vivek