Amar Raja
Ruchi Soya
Sunday, August 25, 2013
Friday, August 23, 2013
Thursday, August 22, 2013
NF Intraday Chart at 940 a.m gives a Buy!
The only problem with buy at 5310 is that conservative
stop is too far below at 5260.... aggressive at 5280. So the risk reward ratio
becomes an issue here, for a minimum 1:1 also you need 5375 target. Other wise
trade, though profitable, but looking from risk reward perspective it’s a weak
one.
Dollar Index Views!
Though
Dollar is creating havoc in INDIA…the Dollar Index which tracks Dollar against a basket of six
major currencies is lagging the Euro, the Swiss FRANC and the British POUND! As
you can see from the chart (Daily) above, that it is trading below its key
EMa’s where the 200 EMA at 81.81 has positioned itself over the price as a
resistance of sorts. The 50 EMA is also trending downwards. The price is still
making lower highs and lower lows!
Where
as on the weekly chart below we can see that the dollar is just a wee above its
200 EMA but trading under the 20 and the 50. Any break below the 200 at 80.52
will only lead to further weakness and will also put the Double TOP pattern
into play!
Wednesday, August 21, 2013
NF 15 mins chart at 1145 a.m. !
Edit: At 1.110 p.m. stop hit..period! No ifs and buts with stops. Another day another trade!
Monday, August 19, 2013
Sunday, August 18, 2013
Saturday, August 17, 2013
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