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Nifty intra-day plan |
shekharkulkarni
White Belt
Joined: 24 Apr 2008
Posts: 12
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Post: #16  Posted: Fri May 23, 2008 9:14 am Post subject: |
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Hello,
I agree with your view. Long today wont fetch much. swdas seems market will go down in later part of the day. |
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DH1988
White Belt
Joined: 15 May 2007
Posts: 135
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| Post: #17 Posted: Fri May 23, 2008 9:41 am Post subject: NEYVELILIGNITE for three sessions |
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Neyvelilignites ,buy it 146-149,trgt 161 in three days with close stop loss of 144Technical research DH1988 | swdas wrote: | Date - 22/05/2008
NIFTY outlook for intra-day: range bound to Weak
Likely NIFTY future range for the day: 4970-5012 in lower side, 5130-5145 in upper side.
NIFTY spot is making a triangle pattern. As of today, the range as per triangle 4996-5133 Nifty spot levels. When it trades below 4996 or above 5133 consistently, we will see break out or break down for directional move.
Strategy for intra-day: If NF trades below 5075 NF will be weak. I will look for shorting opportunity around 5075-80 for those lower ranges. In case market sustains above 5105, i will try long.
Disc: NIFTY ranges are not for using as short or long targets. I am not responsible for any loss due to SL hitting. |
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suresh_nr
White Belt
Joined: 15 Mar 2008
Posts: 2
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| Post: #18 Posted: Fri May 23, 2008 10:11 am Post subject: start a new topic DH |
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| pse let SWDAS alone express his views as per forum rules |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #19 Posted: Fri May 23, 2008 11:32 am Post subject: |
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| NF might do cheating here. after breaking day's low may not fall. |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #20 Posted: Fri May 23, 2008 11:55 am Post subject: |
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| took some risk bought NF at 5010 with 4990 SL. |
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daytrader007
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Joined: 09 Aug 2007
Posts: 170
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| Post: #21 Posted: Fri May 23, 2008 11:59 am Post subject: |
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booked 50% now at 5027  |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #22 Posted: Fri May 23, 2008 12:02 pm Post subject: |
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now if we trade above 5033 consistently then market will be bullish
hope some of you enjoyed this call. |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #23 Posted: Fri May 23, 2008 12:04 pm Post subject: |
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| i will exit remaining position at 5010 if SL is hit |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #24 Posted: Fri May 23, 2008 12:24 pm Post subject: |
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| trailing SL has been adjusted to 5012 |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #25 Posted: Fri May 23, 2008 12:36 pm Post subject: |
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| increasing SL to 5015 |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #26 Posted: Fri May 23, 2008 12:48 pm Post subject: |
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| trailing SL of 5015 got hit now. over all profit. |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #27 Posted: Fri May 23, 2008 1:01 pm Post subject: |
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| market would find support at 4973 future level. i do not mean you have to buy here. if anyone is short can book. |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #28 Posted: Fri May 23, 2008 1:11 pm Post subject: |
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| 5000 was earlier support. so it would be current resistance. unless market trades above 5000, it is not positive. |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #29 Posted: Fri May 23, 2008 1:38 pm Post subject: |
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not able to sustain above 4973. heading for 4941
is it triangle break down? |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #30 Posted: Fri May 23, 2008 1:49 pm Post subject: |
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| keep a watch on MARUTI and HEROHONDA. these might have 2:30 factor in upside. |
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