Daily market Views

[Anuragkutty]

I agree with your view...rupee feel should be in 60/80 range for today...:thumb:

 

[ritwijmahant]

Thanks Anurag

Nifty.. i went long again at 5434.. will add at 5410.. target 5485 again..

s/l 5385

Rupee.. seeing some oil related buying at lower levels.. but expecting Euro to go up towards 1.2900 once.. so will again go rupee short at higher levels.. currently no trade in INR.

happy hunting

 

[ritwijmahant]

went long on euro at 1.2840.. will add longs at 1.2825.. target 1.2890.. stop loss 1.2785.. keeping fingers crossed

 

[ritwijmahant]

have added to euro longs.. holduing cost now 1.2835.. tok part t/p at 1.2870.. 35 pips booked... holding for ZEW data at 14.30 india time.. data expecetd betetr.. shud see one uptick above 1.290.. s/l now moved to cost..

GBP also long.. at 1.5650. waiting for inflation data.. target 1.5750.. s/l 1.5585

 

[ritwijmahant]

cable a bit worsome data// moved s/l higher to 1.5615 from 1.5585..

euro gave a brief try to break 1.29.. holding that positions still.. waiting for further data..

 

[ritwijmahant]

out of euro longs at 1.2880.. short now at 1.2880 with s/l at 1.2920..

good resistance at 1.2900 with cloud bottom in 2 hourly and channel top. hrly close above break of channel.. will go long for 1.3000

 

[ritwijmahant]

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...

as expected .. rupee showing some signs of support at 46.5800.. long at 46.6000.. although US markets showing bullish signs.. dont expecet S&P to go beyond 1087 (currently at 1085)..

with euro expecetd to correct.. and stock market having limited gains.. going long on USd/INR for overnight trades..

 

[ritwijmahant]

took profit on euro sghorts at 1.2855..

going long usd/inr overnight..

good night ppl

 

[ritwijmahant]

18 Aug 2010

Despite heavy rally byu US equities.. Asian and Indian stock markets refuse to budge from their negative bias.. expect any gains tehre will b limited. Wuld liek to get out of long positions on any upticks and enter short in Nifty.

Euro/.. looking fro a close below 1.2850 in 2 hrly and 4 hrly charts.. target will be 1.2740 if taht breaks.. already small short euro at 1.2845..

GBP.. expect ranger of 1.5490/1.5625. sell upticks

JPY range bound tradig.. 85.00-85.60

INR.. range foir the day.. 46.55-75.. OTC spot leveels.. sitting long from o/n.. will add on dips..

happy hunting..

 

[ritwijmahant]

got out of Nifty longs.. almost at cost.. no position there at teh moment..

Holding long USD/INR and short Eur/USD positiosn..