iCharts Discussions

[daytrader007]

shorted NF at 5073 with 5090 SL.

[daytrader007]

bringing trail SL at 5071.

Booked 75% here at 63. market is such

it has taken out last 25% at 5071. net net some more profit.

[daytrader007]

just for your information RPOWER is making 2:30 factor

[daytrader007]

i gave this to you guys. heroooooooooooooooooooooooooooo

[daytrader007]

closing of NF is really bad. not sure this will be a double bottom or not. we broke the triangle pattern now. 5000 would be resistance.

maruti did not do well. however hero did good. it should do well on Monday as well.

[daytrader007]

Date - 26/05/2008

NIFTY outlook for intra-day: range bound to Weak

Likely NIFTY future range for the day: 4800-4880 in lower side, 4930-5000 in upper side.

NIFTY spot has broken the triangle pattern. Earlier support of 5000 would become a resistance now.

In case NF trades below 4870, there is a chance that it will test 4800 around today.

Strategy for intra-day: If NF opens around 4870-80, it would pull back to 4930-40 around in morning. Try shorting there, with 4975 SL. Please avoid this if pull back happens in after noon.

+ve Stocks: Herohonda if trades above 800 spot level consistently.


Disc: NIFTY ranges are not for using as short or long targets. I am not responsible for any loss due to SL hitting.

[daytrader007]

RIL seems to be pulling up market soon.

Also ONGC likely to move up.

Since my last message ONGC moved up 1%.

RIL too moved up

In this dull market, ONGC and RIL rocks guyssssssssss!!!

ONGC is up 2% almost nowwwwwwwwwwwwwwwww

one more update, NF future ha open high at 4916.65

NIFTY looks like to be in the range between 4861-4916.65 as of now (low and high it has made as of now). It would irritate day traders now. would trade between that range.

These are weak stocks as of now. HDIL, relcap, adlab

Other weak stock ranbaxy


ADLABBBBBBBBBBBBBB

As expected NF is range bound

NF temporary resistance 4899. avoid shorting relcap now.

RILLLLLLLLL and ONGCCCCCCCCCCC

next NF resistance at 4928 future.

NF has not broken out the morning range of 4861-4916.65. I am still waiting. these days NF does not give much fun in trading. So just watching it.

NF is trying to reverse. Banks look weak.

Gautam sir, hello no idea about 1-2 days It is looking weak now. breaking 4882 it would fall. fall would happen upto 4848-4827. disc: i am avoiding NF today.

In case market cracks, HDIL, ranbaxy, LIC, TATA POWER, ADLAB, these stocks will come under trouble.

If 4916.65 is not crossed, i expect NF to touch 4848-4827 today.


except LIC, all other rocked since i have given calls (HDIL, ranbaxy, TATA POWER, ADLAB) wish karooooooooooooooooooooooooooo

Hope you are seeing the pain in NF trading now a days. unable to break the range yet. though Still NF is weak.

TATA POWERRRRRRRRRRRRRRRRRRRRRRRRR




TATA TATA Powerrrrrrrrrrrrrrr

tata powerrrrrrrrrrrr guys

wish karooooooooooooooooooooooooooooooooo. all are rockingggggggggggggggg

since i told, tata power fell 4%, adlab fell 2.5%, HDIL fell 2% ranbaxy 1%


As usual, NF is still range bound. current resistance level 4902 NF.

NF has fallen from the resistance level or 4902 now.

If NF closes like this, tomorrow will be a shorting day again.

bulls are carefully saving 4861. breaking this, it will open up hell


HOPE you had a good trading day.

[gautammohapatra]

Good Afternoon SW Das. Gap filling going on in NF. What do you expect in next one or two days? Will NF close +ve today????!!!!

Thanks for the response. Even I am keeping away. But a downtrend is always scary.

27/5/2008. GM Swapan Das. Where is NIFTY headed today? Guess you will be become the most followed technical analyst. . Carry on the good work.
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Superb Call SWDas. Wish I could also have such insight into the market. But am unhappy with the fall and this weakness in Nifty.

[daytrader007]

Date - 27/05/2008

NIFTY outlook for intra-day: range bound to Weak

Likely NIFTY future range for the day: 4780-4840 in lower side, 4910-4940 in upper side.

In case NF trades below 4860, there is a chance that it will test 4820-4780.

Strategy for intra-day: If NF is unable to trade above 4920, short it with 4960 SL.

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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Updates during trading hours
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NF is likely open between 4900-4910. It would find difficult to cross 4920. Most likely it will fall from there in morning.

NF is moving exactly what i have said just before market open. ONGC and STER look weak. Do not short them yet.

No change in view as yet. still 4920 NF is a strong resistance level. Let's see if it can cross 5920. I do not mean that NF is buy if crosses 4920. Surely it will find difficult to climb 4920 around.

RIL is likely to drag down NF now.

LITL and TATA TEA are looking good for move up.

ICICI STER and ONGC are weak stocks. Trade cautiously today with lighter volume.

Hope you are seeing RIL how it is dragging. SBI is also helping. and fall in I CICI.

please avoid short in ONGC. if you are short, exit it at cost to cost.

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thx eagle
If you are short in NF. be bit careful. NF should have fallen by this time.

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STER is used for index management. it is going up. do not remain short in that

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I am out of all position except icici short. boring market, it is in 10 points range for last 2 hours

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NF would hit 4876 now. however frankly speaking it is boring to trade NF.

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vishal, that's not correct. people have not shorted NF. OI does not say that

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hello Gautam sir, NF is not able to cross 4920. it's deadly range bound. nothing much expected as of now. probably it is better to wait for 4860 to be broken if it happens. other wise enjoy 10 points up move and 10 points down move

finally ONGC is falling. and book partial profit in icici
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Due to range bound market you will find view change today. now NF is trying to move to 4931-4948

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HDIL BOMDYEING and LIC would do good in long side.

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mantra for trading in this kind of market, quick entry and book as soon as you see small profit.

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HDIL BOMDYEING and LIC , all moved up
-------------------------
ONGC and icici both are still falling. iciciiiiiiiiiiiiiiiiiiiiiiiii

iciciiiiiiiiiiiiiiiiiiiiiiiiiii, wish karoooooooooooooooooooooooooooo


HDILLLLLLLLLLLLL wish karooooooooooooooooooo

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keep booking profit. this is not a market for giving huge profit
-----------------------------------------------

HDILLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
---------------------------

LIC HDIL and BOMDYEING should have given you good profit
------

market is likely to fall now

short NF with small volume 4925 SL.
----------------------

Please be in small volume. and do not try to hold after 4925 SL is hit.

adjust your SL to 4912. small SL if hit get out.
----

if it does not fall, get out at 4912 SL. that would be 7-8 points SL since i gave the call.
---

NIFTYYYYYYYYYYYYYYYYYYYYYYYY
book 75%


pleaseeeeeeeeeeeeeeeeeee book 75% and hold only 25%


----------------------

4906 is new SL for rest 25%

NIFTYYYYYYYYYYYYYYYY wish karoooooooooooooooooooooo


----------------------

either book completely here. or hold with cost to cost SL this remaining 25%. if NF break 4860, it will crack to 4780.

by telling 4780 i am not telling that you have to short here. also it will happen if we break 4860.

How was my short calllllllllllllllllllllllllll??????????????????????????????




-------------------------------------------------------------


NIFTYYYYYYYYYYYYYYYYYYYYYYYYY NIFTYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

hungry kaya






NIFTYYYYYYYYYYYYYYYYYYYYYYYYY

hungry for more...............

wish karoooooooooooooooooooooooooooooooo


How was my calllll??????????

Please exit completely or keep SL at 4870

my own sense is lot of force selling will happen here due to hedges. . so we would see some more down side till 4780. however be safe with SL or book completely here.



wish karooooooooooooooooooooooooooooooooooooo


hope you all booked. NF reversed

hope you had a good day ???

[eagleseyes]

nice way of telling ..rather than posting new and new posts ..das sir u can number ur lines as well and put a --------------------------------- below the last line od each time u update ..its ok even if u do not do it

[vishalpd]

Swdas tremendous shorting has happened at 4910-4900 levels.

[vishalpd]

Swdas, I haven't checked on OI.. I have been looking at NF since morning..Heavy volumes on the sell side. Probably this is long covering. Just an observation on my side.

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gr8 call swdas.. Thxs.. I booked out 75% quantity with good profit on options. I am trading in 5000PE

[daytrader007]

Date - 28/05/2008

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NIFTY outlook for intra-day: range bound

This might be one of those days where we have to buy at support and sell at resistance.

Though technical suggests more down side immediately, since expiry is close by, I think market will try to pull back. First sign of bull strength will be if NF sustains above 4875.

Expiry either would happen at 4840 or at 4967. I think so. Please do not take any trade based on this view.

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Likely NIFTY future range for the day: 4780-4820 in lower side, 4875-4940 in upper side.

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Strategy for intra-day: If NF is unable to trade above 4875, short it with 4890 SL. If you are not comfortable in shorting, avoid NF trading until it shows strength.

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+ve stocks: WIPRO and STERLITE

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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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[daytrader007]

Guys. This is my last post about market outlook. Due to some reason, I will discontinue this. Also I will not post live update henceforth.

Thank you for your co-operation.

--Swapan

[rameshraja]

Hello Mr Swdas

Why you want to stop posting your views ? Any reasons.


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