iCharts Discussions

[umesh1]

Today positional levels for June series shall be posted ,risk reward minimum 1:2,Targets every 1% Sl at 0.5%

[jyothil]

Positional call by Gann Level or any other system?

G.Jyothi

[rishveer]

awaiting for your levels sir

[pkholla]

[umesh1]

[umesh1]

Dear All
As per my tested DMA (Dynamic moving Indicator)
NIFTY Buy Above 4950
Targets every 50 points
Initial Stoploss strictly 25 points or as updated
Once Nifty breaches above 4975 then TSL to our cost 4950
Entry when 10 mins avg above our buy point but targets and Sl remain ditto.

Regards
Umesh

[vinst]

[jyothil]

[umesh1]

[GHAISAS]

Umesh, Congratulations on the additional endeavor - for a yet better tomorrow. Thanks again.

ghaisas.

[umesh1]

A top Analysts view during mkt hours today
In the last 9-10 months since August 2011 we have been in a range of 16000-17300 most of the times or 4700-5200 apart from a move in January which was a very good period and well timed.

Today there was a GDP data number which came out to 5.3% which is a pathetic number but as a trader market reaction is 15 points on Nifty !!. It seems there is no interest in the market to take a bet on either side.
Globally markets may be down recently but they are way better then they were in August-December.
A petrol price hike lead to some bit of jump but there is hardly any negative reaction to GDP as of now maybe till end of day it could be a different story.

USD-INR has surprised with a move beyond 55. The co-relation is gone. My expectation was we may see a bigger crack in Sensex if USD-INR breaks 55. Now USD-INR is into new territory and there can be no technical resistance levels but its now difficult to gauge the reaction to Equity markets.

Basically its a difficult to take big trades and one has to reverse very fast and risk-rewards are 1:1 or 1: 1:1:1.5. So one needs to be very right and quick.

But from what i see a slew of good news can change the whole sentiment suddenly and i would be betting on that with 5.3% gdp , 56 usd-inr, market cap to gdp ratio at 60% , 5 yrs of no cagr seems the worst is not far and sentiments is at the worst in last 6 years. So all one can do is digest the pain and be patient for the gain.

[umesh1]

Friends
NIFTY in short swing positional buy above 4925 with SL 4900 and tgt every 50 points

[vinst]

[umesh1]

[umesh1]

Vinst
4925 is the pivot hence 4950 abv is buy and 4900 belo is sell , this is the same which gave May monthly as

May monthly
BNf 10120/10220
Nifty 5210/5250
Happy Niftying
Given on 31st May