Daily market Views

[ritwijmahant]

12 Aug 2010

Morning ppl.. major selloff across teh board on back of risk aversion..

Rupee expect range of 46.85-47.10 for the day.. buy dips..

Euro.. expect range of 1.2825-1.2925 for teh day.. sell uptcisk.

GBP.. range expect 1.5500/1.5680 .. sel lupticks..

JPY.. sell upticvks.. a small intervention may push up the pair ,.. but it can be used to sell upticks.. fall below 84.80 wil lopen teh flood gates towrds 83.00

Nifty short from yesterday.. had sold again after taking initial profit..

part t/p at 5375.. will update on rest of teh levels once market opens..

crash and burn seems to be the mantra of global mkts..

happy hunting.. :thumb:

 

[ritwijmahant]

as per morning call. t/ped nifty shorts at 5376.. fresh shorts again at 5395 with s/l at 5430..

rupee.. expect a dip to 46.85.. trade.. buy 46.90. s/l 46.83.. target 47.08 (OTC levels).. approx 10 paisa higehr for NSE-MCX levels..

cheers

 

[ritwijmahant]

16 Aug 2010

morning all.. expect Rupee to stay in teh range of 46.80-90 range initially.. downside limited to 46.75.. 46.87 breaks.. will trty for 47.05..
trade: buy 46.7800, first target 46.87.. breaks.. stay long to 47.05,.. stp loss 46.73.. OTC levels..

 

[ritwijmahant]

16 Aug 2010

Sell Nifty at 5460.. s/l 5495.. target 5395

cheers

 

[arathi17]

hi Ritwij,

Gr8 call ur target for nifty achd.


Regards

Amit

 

[ritwijmahant]

tks sir..

AS per morning call. T/ped Nifty at 5395..will go short again at 5425.. will hold the same for overnight trades.

Rupee need to break 46.87 on sustained basis.. to cross higher... downside 45.70-75 is well supported

 

[ritwijmahant]

altho went short again on Nifty at 5425.. getting a bit jittery abt that pos.. but hardly anything can be dun abt it now./.

however...Rupee's inabilioty to break above 46.87 today .. will prompt a downward pressure on the pair.. short USd/INr at 46.82 with s/l 46.92.. and hold it for o/n..

a small possible hedge for Nifty longs..

cheers

 

[ritwijmahant]

sorry i meant rupee short may be a possible hedge for Nifty shorts

 

[biggles]

16 Aug 2010

Sell Nifty at 5460.. s/l 5495.. target 5395

cheers

Hey,
excellent call.

regards

 

[ritwijmahant]

17 Aug 2010

Morning ppl..

as expected.. US markets resisted anotehr urge to crash eysterday.. owing to which we have also opened a bit positive.. cut my Nifty shorts at 5433.. a loss of 8 points..

but covrered USD/INR shorts at 46.6800 (OTC spot) in the opening.. 13 Paisa gained there.. So nifty lossmore than amply covered..

for today.. yesterday a double top was formed on Rupee at 46.89.. target of which is at 46.60.. for today.. expecet teh pair to trade in teh range of 46.58-46.75...

cheers... :thumb: