iCharts Discussions

[kasithilagar]

I Am Thilagar.K

I Am Having Nifty 6100 CE Feb-2011 @ 2.95

Which is Best Time To Exit From 6100 Call

What is Nifty Trend And Target In Feb-2011 Month
Thank You

[RoyalTrader]

Dear thilagar.k,

you can exit at 5870 or on 11th feb whichever comes first.. While trading in options specially when you are buyer you should keep price as well as time targets to exit...

Dear rachan,

There is some strength on charts, i will explain you the same on saturday...

Dear ashis,

Thanks for your comments.. I am sharing my little knowledge with you all guys because i dont want you to make mistakes which i made in past, and lost a lot of hard earned money i know how painful and frustrating it is... Anyways for tomorrow one can buy nifty between 5505-5485 with a stop loss 5470. For uptrend to sustain nifty should close above 5539.

Dear vinay,

In my view nifty should hit 5870.. I will update after looking at price action on further direction of the market.

Regards,

RT

[rachan03]

Dear RoyalTrader,

yes, i agree with your views on nifty as am able to see some some bullish signals on nifty eod charts , Trendline being broken today alongwith a bullish candlestick reversal pattern ....seems bottom has been made & there is a possibility of going to 5640 / 5870 ... which is a crucial resis level ....

[acharyams]

RT Sir,
My request is mention whether stop loss is on intraday basis or closing basis and whether the price to watch is spot or future in all of your SUGGESTIONS/RECOMMENDATIONS/POSTS.

[RoyalTrader]

my all levels are always spot levels...

5470 is stoploss on intraday basis....

Regards,

RT

[ashis]

Dear sir,
Is it possible for you to guide us that those who are interested to improve there knowledge then which kind of books we have to refer? Is these books available in the market or on any web site?

It's our pleasure if you will guide.
Regards
Ashis

[Padkondu]

[quote="ashis"]Dear sir,
Is it possible for you to guide us that those who are interested to improve there knowledge then which kind of books we have to refer? Is these books available in the market or on any web site?

It's our pleasure if you will guide.
Regards
Ashis

Dear ashis,

one among the several books i read " The technical analysis of stocks, options and futures" by william f eng - published by the vision books. it is available at all leading book stores. this book provides basic information about every thing in technical analysis right from moving averages to ganns analysis and astronomical charts and elliot wave. then,

my personal advice,

be clear about your objective and come out with the style which suits you personality. i.e. choose between day trading and swing trading and choose a timeframe according to that.

then find one or two methods to identify trend and strategies to trade the trend.

have atleast one method to trade against the trend, such as support/resistance, divergence or candlestick or bos+cci method which is available in the forum.

know only about the few this that you may have to use in the trading according to your strategy, and in depth knowlege about only those few indicators. keep trying and get successful.

why i tell u this is lot of book knowlege will oftern mislead you. i.e. your reading shoulg be gradula and on par with the actual working and observation of the chart. this is not like engineering, read at college and then apply in the field. even they find lot of difference from what the read and what they see in the field. i suggest limited reading, step by step.

for every style of trading, there is a strategy available in the forum, if you wish to know. knowing every thing and expertising nothing will only lead to losses. go to a new thing only after expertising some thing.

i tell you this because, as a beginner, i started reading every thing that i come across, keep a huge pile of files on my pc, mixing everything up and confusing. now i left every thing and focussing only on a couple of systems for my swing trading and see good recovery from my mistakes.

regards
padkondu

[ashis]

Dear sir,
Thanks for brief explaination.
At present I'm concentrating on swing theory so due to that I'm not able to do intraday perfact trades. As per swing theory we can get buying opportunity at higher levals and at that time I can't get confidance for long holdings. So is there any technicque for intraday fast confirmation technique?

Regards
Ashis
[quote="Padkondu"]

[vinay28]

Dear RT

Many thanks. I too have 5900 and 6000 calls and I will now plan for 11th Feb or 5870, whichever is earlier.

[vinay28]

Dear RT

In case you give advice on stocks, I have a request since no one has responded to my request under thread "stock call".

Can you please give advice on short term forecast on Sabero Organics, Kaaveri Telecom, Shrenuj & Co. and Invest & Precision casting? I am long on all and loosing on sabero and invest while having some profit on kaaveri and shrenuj.

[ashis]

Dear sir,
Can you guide us which technique can we use to decide time frame?
You've written in your blog about 11th February so how can you come at this date?
Awaiting for your valuable comment.
Regards
Ashis

[vinay28]

Dear RT

May be I was too impulsive and got carried away by market's false rally on 3rd Feb. May be what I posted on 30th Jan and 1st Feb on this thread will come true. 5340 is very crucial. But unlike what one analysts was saying today on TV (i.e. fall below 5340 will be a bear market), I think that it will be bear market only if nifty falls below 5007. Your valued advice Please.

[sartaj]

Hi Nifty should get strong support between 5150-5200. 5350 would be a temporary support since the fall has been so sharp that it would be difficult for it to stand. I would go all out if nifty breaks below 5100 since that would mean 4800 on cards. But its better not to be so pessimistic.

[beowulf]

So according the experts, what are the best and most realistic Nifty levels to start buying..?
1. 5300
2. 5200
3. 5150
4. 5080
5. 4800

Or any range..?

[nksachdev]