iCharts Discussions

[amitagg]

squared 50% yes bank at 296 for Rs 4 profit and trailed balance 50 to above cost of 293..

[amitagg]

exited balance 50% at 299 profit of Rs 7 on this one. yes bank

[amitagg]

on long NF exited positions since it appears volumes are increasing on down ticks....overall profit for the day..now no positions.

[amitagg]

I have recd queries regarding 5865 NF level how arrived in earlier thread. Pls see below:

1) Its approx 50 percent level of downmove from 5917 to 5705

2) Previous high low supports broke below 5811 and 5819...NS..which would act now as resistance, so added 50 points for premium

3) Retest of higher moving average resistances with start this 50 point band

4) 5863 was spot low of 5917 spot high

5) Quite often when players perceive 5825-5833 to be resistance, markets can move higher, especiallt if it seeks to retrace fall from 6142

It means intra shorts can take place at 5865 NF (it does not mean that markets would not rise beyond after a reaction to move to 5865 NF, if it happens)

[amitagg]

Bought Tata Global at 155 Futures....its a breakout trade i guess..just happened 2 minutes ago...stop 150 target 163

[amitagg]

Lupin : Its unknown trading principle that stock can touch support and resistance multiple time and NEVER prejump to buy near resistance...wait for break..so Lupin "buy above 868 only"....range between 852-867 important.....likely to break up as many other stocks

Nifty : unclear....when unclear do not trade...this is very important.. bad trade not taken is as good as money earned

dont track rpower

[amitagg]

trail tata global to cost...or square off if want Rs 4000 intr day profit /lot [depending on trader profile]

[amitagg]

Longs dont be very hopeful at this level.....markets can turn down from here....previous pivot high of 5917 is touched today but not broken..next 2-3 days shall tell. better to square off longs and consider small shorts

[amitagg]

This is the initial stage of improving breath for beaten down small and mid caps...... people looking for investment can enter early....market may look to bottom latter but stocks have bottomed

i mentioned Hindalco few weeks back at 106 levels...

now pls see Punj for investment [medium term] - JUST broken from Inverse H&S, moving above averages....target 40 stop 22 current price 27

[amitagg]

Punj up 5% since i posted yesterday within 2 hours......buy on pullback

[sauraj123]

Hi Amitagg,

Please throw some light on crompton greav.It is also beaten down.

Thanks

[anilraj]

Hi Amit

Wipro down 1.5%. All n IT stocks up. OI increase of 8.5%. Any view?

[anilraj]

Hi Amit

Wipro down 1.5%. All n IT stocks up. OI increase of 8.5%. Any view?

[anilraj]

Hi Amit

Wipro down 1.5%. All n IT stocks up. OI increase of 8.5%. Any view

[anilraj]