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for Friday and in coming week of sep 09

 
This forum is locked: you cannot post, reply to, or edit topics.   This topic is locked: you cannot edit posts or make replies.    iCharts Discussions Forum Index -> Muthu Veerappan (iCharts User: veerappan)
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Author for Friday and in coming week of sep 09
veerappan
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Joined: 19 Dec 2007
Posts: 3467

Post: #1   PostPosted: Fri Sep 11, 2009 5:08 am    Post subject: for Friday and in coming week of sep 09 Reply with quote

hi,
for today upside is the major res 4868-4870 range... and down side it will take support at 4770-4765 range- this one already mentioned by me...final support for the day is 4740 range ..it shd take support today...if its not taking means then fall may continue... fall may continue but its not a bear attack or market is not in bears control... still its bulls control only... we may get intra sell and buy... and buy and sell also... but not a full sell move... & for the rest of the month facing res at 4917 and 4996 and sup on down side is 4740 and 4632 range... if and only if two consecutive closes below 4142 then we may c 3500-3600 range very fastly.....4700 put is at 55-56 range u can take this- but entire money is risk- if u need sl put at 25-26... instead of trading in nifty we can take this put .... risk is 25 rupees if u put sl... suppose by chance cracks to 4600 u will get good money.

bye bye
chennai boy Very Happy Very Happy Very Happy
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senthilodc
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Joined: 13 Aug 2008
Posts: 1

Post: #2   PostPosted: Fri Sep 11, 2009 8:25 pm    Post subject: mr.veerappan Reply with quote

actually i m in short today in nifty at 4850 lvl...i hope mkt will correct on monday itself..or atleast tuesday...
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rajeshkiyer26
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Joined: 17 Dec 2007
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Post: #3   PostPosted: Sat Sep 12, 2009 12:18 pm    Post subject: Await confirmation on monday Reply with quote

Nifty candle for friday has created a "hanging man " and if Nifty on monday gives a confirmation by closing below friday's close preferrably below 4800 and ideally below 4770 we will see full fledged correction till 4600.. Before shorting this market better to await this confirmation... else market can rally above 4890 to 4995.. Happy trading folks
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