Manish Damani

[MANISH_DAMANI]

buy crude near 5078 sl 5056 target 5110-5125

 

[MANISH_DAMANI]

As usual
Super like.... Manish bro thoda paise ka wanda he...
Thode din me wapas trading chalu.... . please share todays technical analysis for this call.. of course whenever u have a time.
Cheers

reason over bought as stochastic in hrly chart of nyemx, ichimoku hrly chart difficult to explain by writing but my calculation in morning I told that time sideways to bearish though bounced little but expected this fall when I posted. Now 5056 expecting good support. So daid buy. Level declard as per support resistance. Ma average is below 200 ma 20-50 in hrky chart of mcx. Bollinger band break down. so high chances of fall.

 

[MANISH_DAMANI]

crude again giving sell call at 5109 and begged from the marhet got 5088 target achieved made a low of 5081.:thumb:

crude 3rd target achieved. made a low 5065.:thumb:

 

[MANISH_DAMANI]

buy crude near 5078 sl 5056 target 5110-5125

book profit at 5093. 15 points in this call as 11:00 pm:thumb:

 

[MANISH_DAMANI]

The proposed CTT would come into effect once the Finance Bill is passed by Parliament. After acquiring the assent from President, the government would issue a notification to make the tax operational. This entire process could be completed by May 2013.
http://www.countercurrents.org/ksingh060413.htm
Ctt yet not effective and it wil be charged after May,2013 if passed at parliament. Going to increase our cost rs 1000 for every 1 crores volume. Still crude 1 lot cost is rs71 -77 at RKG.Let see is there any hope that God give this mad government some wisdom.

 

[MANISH_DAMANI]

though crude is overbought in hourly chart but better buy in dips if any upto 7-8 0,clock.Level as per MCX I will post after seeing market or eveniing session.In nymex-
PV-$93.21
S1/2/3-92.72/91.94/91.45
R1/2/3-93.99/94.48/95.26.
As per Ichimoku hrly chart chances be in sideways to +ve till evening. So lets see how RS/$ behaves.

 

[MANISH_DAMANI]

Silver Sl given stil intact. As cloing above 51500 is on Saturday which I usually dont consider. Even though who traded Sl of still intact. So let see.
PV-$27.28
S1/2/3-27.402/27.588/27.762
R1/2/3-27.402/27.588/27.762
Sl I think might hit in short run but target will be achievable in few days atleast 52500-53000.So let see.As I am not trading in silver 99.99% time so let see.

 

[MANISH_DAMANI]

today copper opening will be above rs 2-3 possible positive. But I would prefer sell in copper for today for 2 days expecting levels of 406.1/405.35/404.2/404/401.5. So likely I feel 404-405. Sl will I told after opening if below 412 then keep 412 as Sl for now.
One can do best thing he can buy crude and sell copper. So that risk could be minimised for this as per me on the basis of chart.Even could get double benefit.

 

[MANISH_DAMANI]

crude target achieved today 5110 but told book yessterday at 5093 as 11 m

 

[rahul_crude]

today copper opening will be above rs 2-3 possible positive. But I would prefer sell in copper for today for 2 days expecting levels of 406.1/405.35/404.2/404/401.5. So likely I feel 404-405. Sl will I told after opening if below 412 then keep 412 as Sl for now.
One can do best thing he can buy crude and sell copper. So that risk could be minimised for this as per me on the basis of chart.Even could get double benefit.

Good Morning Manish da,

Yesterday's call was also great. Thank you for sharing analysis.

(My thought, In learning phase)
Daily chart shows that once can be on buy side. But 4hr chart shows that there is bolligerband squeeze happening and also over bought condition happening. 200 MA in 4hr chart was crossed yesterday. Daily chart has also taken support from 200 MA few days back.

As you said once can be on buy side till evening. & there is chance of fall in the evening or may be tomorrow. Over all cheers to you calls.
waiting for your call. (Cant trade today also. dont have enough funds ;( )

Please say something about my though.

Cheers!