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senthilkumar2222 White Belt
Joined: 22 Dec 2010 Posts: 32
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Post: #616 Posted: Wed Mar 16, 2011 10:04 pm Post subject: BNF LEVELS REG |
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DEAR MANJU SIR
Ur level was fantastic like banknifty, ambuja, bhartiatel, siemens etc . still i have lot of confusion in mkt movement.kindly update the clear picture on nf n bnf for short term.
Thanx n Regards
Senthilkumar.V
Coimbatore [/b] |
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girishhu1 White Belt
Joined: 17 Aug 2009 Posts: 316
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Post: #617 Posted: Thu Mar 17, 2011 8:11 am Post subject: |
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hi manjuji,
i am enclosing a eod chart of sunpharma which is breaking out of st. can you confirm with possible strategy for trading?
regards,
girish |
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as4manju White Belt
Joined: 22 Mar 2007 Posts: 390
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Post: #618 Posted: Thu Mar 17, 2011 8:21 am Post subject: Re: BHEL |
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Hi,
Last week it self i had posted the Charts of BHEL as per me when 1960 was taken out the gate on the down side was open still it can fall by another 60-70 rs from the current level...
Regards
Manju
manoj_paa wrote: | Hi Manju,
BHEL is trading below its 200 SMA.
What is your view on this script? Can one short on this?
-manoj |
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as4manju White Belt
Joined: 22 Mar 2007 Posts: 390
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Post: #619 Posted: Thu Mar 17, 2011 8:23 am Post subject: |
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1060 is the level to watch on the upside for any further upmove in the counter
vinay28 wrote: | Can anyone advise on ACC? |
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as4manju White Belt
Joined: 22 Mar 2007 Posts: 390
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Post: #620 Posted: Thu Mar 17, 2011 8:30 am Post subject: Re: BNF LEVELS REG |
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Hi,
For bank nifty as i said before now also i m telling the same thing think of buying bank nifty for positional trade only above 11250 till then i would stay from it may be a risky short is advisable(infact i was short in bank nifty around 11k mark)...on the down side 10650 is a major support if taken out on closing basis it ll soon turn ugly for banking stock..
Nifty 5550-5610 is a bull trap zone and may be this ll be the thrid failed attempt to cross the 200 DEMA and the range is getting smaller and samller day by day so u can except some kind of major movements in the mkt... the only thing which i dont like is movements of 2% intraday.. for further details day before yesterday i posted a pdf called "final frontier" can refer for wat u can do...
Regards
Manju
senthilkumar2222 wrote: | DEAR MANJU SIR
Ur level was fantastic like banknifty, ambuja, bhartiatel, siemens etc . still i have lot of confusion in mkt movement.kindly update the clear picture on nf n bnf for short term.
Thanx n Regards
Senthilkumar.V
Coimbatore [/b] |
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as4manju White Belt
Joined: 22 Mar 2007 Posts: 390
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Post: #621 Posted: Thu Mar 17, 2011 8:33 am Post subject: |
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Well i would prefer to buy it above 450 cause there is plenty of resistance around that level and i guess as per ur charts that is also the pivot resistance...
girishhu1 wrote: | hi manjuji,
i am enclosing a eod chart of sunpharma which is breaking out of st. can you confirm with possible strategy for trading?
regards,
girish |
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as4manju White Belt
Joined: 22 Mar 2007 Posts: 390
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Post: #622 Posted: Thu Mar 17, 2011 9:11 am Post subject: |
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Bank nifty forget the news the number to look for is 11000-11250 and on the downside its 11650-11450...Expect lots of fire work....
Last edited by as4manju on Thu Mar 17, 2011 10:03 am; edited 1 time in total |
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anand1234 Yellow Belt
Joined: 17 Jul 2010 Posts: 830
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Post: #623 Posted: Thu Mar 17, 2011 9:53 am Post subject: |
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as4manju wrote: | Relinfra - HnS pattern 600 in the neck line support.....
HDFC - 675-650 are the range beyond which one can see a 40 points move
ITC - The flag is hoisted and one needs to see will 165-171 range hold
Uniphos -125 is the life support for the stock... |
hi...........manju
hdfc below 650................how much I can expect to day??.....pls guide me
thanks
anand |
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as4manju White Belt
Joined: 22 Mar 2007 Posts: 390
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Post: #624 Posted: Thu Mar 17, 2011 10:31 am Post subject: |
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Hi anand,
Avoid shorts for some more time in bank stocks.. if already done then keep SL at ur cost..
Regards
Manju
anand1234 wrote: | as4manju wrote: | Relinfra - HnS pattern 600 in the neck line support.....
HDFC - 675-650 are the range beyond which one can see a 40 points move
ITC - The flag is hoisted and one needs to see will 165-171 range hold
Uniphos -125 is the life support for the stock... |
hi...........manju
hdfc below 650................how much I can expect to day??.....pls guide me
thanks
anand |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #625 Posted: Thu Mar 17, 2011 12:03 pm Post subject: |
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Thank you Manju. |
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as4manju White Belt
Joined: 22 Mar 2007 Posts: 390
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Post: #626 Posted: Thu Mar 17, 2011 2:59 pm Post subject: |
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Maruti - Last support for the stock is at 1140... below which u can see a free fall....
(The chart posted is a old chart but still the support zone is the same) |
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devd White Belt
Joined: 16 Sep 2010 Posts: 12
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Post: #627 Posted: Thu Mar 17, 2011 3:27 pm Post subject: Maruti |
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Manju Sir,
Maruti has already fallen more than 4% today and still away more than 20 rs to 1140. Do you think it will reach there tomorrow?? Can the shorts be initiated at this point?? Kindly guide
Regards,
DevD |
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #628 Posted: Thu Mar 17, 2011 3:36 pm Post subject: Re: RIL |
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chetan83 wrote: | as4manju wrote: | Dev...
my tgt is 1050 i guess u can book full at that levels... infact this was a good trade after some time were all the tgts were achived....
Regards
Manju
devd wrote: | Manju Sir,
Has RIL rallied the full distance 1040??? Or is there some more left?? Do you think it is the the time to cover the position now??
Thanks
DevD |
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Hi Manju,
After RIL making a new high today and in later half of the day it made a -ive divergence in 60 mins, so can a downmove of minimum 15-20 or more points can be seen. CMP - 1046.50. Also in EOD the upper TL was not broken today with a close.
Pls comment. |
Hi Manju,
I guess you had missed my post in your thread regarding your view for Reliance. As it has very nicely fallen by Rs.18 today from its previous close, can more down move can be seen here.
Pls explain the same.
Regards,
Chetan. |
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as4manju White Belt
Joined: 22 Mar 2007 Posts: 390
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Post: #629 Posted: Thu Mar 17, 2011 5:17 pm Post subject: Re: RIL |
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Hi chetan,
Sorry i missed ur post.. yes upper TL was tested at 1055 and it has retraced back may be around 1010 is can take support and form a new channel of 1010-1055 from now on lets wait and see tomorrow..
Regards
MAnju
chetan83 wrote: | chetan83 wrote: | as4manju wrote: | Dev...
my tgt is 1050 i guess u can book full at that levels... infact this was a good trade after some time were all the tgts were achived....
Regards
Manju
devd wrote: | Manju Sir,
Has RIL rallied the full distance 1040??? Or is there some more left?? Do you think it is the the time to cover the position now??
Thanks
DevD |
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Hi Manju,
After RIL making a new high today and in later half of the day it made a -ive divergence in 60 mins, so can a downmove of minimum 15-20 or more points can be seen. CMP - 1046.50. Also in EOD the upper TL was not broken today with a close.
Pls comment. |
Hi Manju,
I guess you had missed my post in your thread regarding your view for Reliance. As it has very nicely fallen by Rs.18 today from its previous close, can more down move can be seen here.
Pls explain the same.
Regards,
Chetan. |
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #630 Posted: Fri Mar 18, 2011 10:24 pm Post subject: Re: RIL |
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as4manju wrote: | Hi chetan,
Sorry i missed ur post.. yes upper TL was tested at 1055 and it has retraced back may be around 1010 is can take support and form a new channel of 1010-1055 from now on lets wait and see tomorrow..
Regards
MAnju
chetan83 wrote: | chetan83 wrote: | as4manju wrote: | Dev...
my tgt is 1050 i guess u can book full at that levels... infact this was a good trade after some time were all the tgts were achived....
Regards
Manju
devd wrote: | Manju Sir,
Has RIL rallied the full distance 1040??? Or is there some more left?? Do you think it is the the time to cover the position now??
Thanks
DevD |
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Hi Manju,
After RIL making a new high today and in later half of the day it made a -ive divergence in 60 mins, so can a downmove of minimum 15-20 or more points can be seen. CMP - 1046.50. Also in EOD the upper TL was not broken today with a close.
Pls comment. |
Hi Manju,
I guess you had missed my post in your thread regarding your view for Reliance. As it has very nicely fallen by Rs.18 today from its previous close, can more down move can be seen here.
Pls explain the same.
Regards,
Chetan. |
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Oh what a Day in Reliance, mightly fall and now trading below the 998-1005 mark. Thanks Manju for your revert.
Regards,
Chetan. |
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