Manish Damani

[saravkarun]

Dear Manish, any calls on copper for now??

 

[MANISH_DAMANI]

Sorry Bro not responding in time . As I was in worship full time even myself not trade as my divorce decree is near. But I will try in between I get time.Sorry every body who are looking for me.

 

[MANISH_DAMANI]

CRUDE INTRADAY. Sell crude on bounce on every rally above 2% because extreme over bought in daily chart and weakly chart also soon in 1-2 weak give correction signal. I think if any body wait and sell near $100 will be better with positional keep 100 points as Stoploss and paly for 200-300 points.crude if crossed $101 then $106 is possible but I think some correction could be any time but precautionary as Rs/$ also keep in mind.These views are on technicals right now littlet bussy so please also go through fundamental news like war, production cutr by opec etc. if some thing happening. As I need some time to recover from my personal life issues so wont see market much. Today just analyses for you guys.

 

[MANISH_DAMANI]

For copper sell near rs 445 with stoploss of rs 448 if stoploss hits then wait for the rally extend at correct time I will give my sell call as again overbought in comex. So in copper if above rs 450 then I will see chart express my views accordinly till then wait.

 

[MANISH_DAMANI]

CRUDE pv-$97.40,R1/2/3-$97.99/98.6/99.19, S1/2/3-$96.29/96.2/95.59. Sell with SL 98 for the target of $96.79/96.2. Stoploss should be followed .

 

[MANISH_DAMANI]

$96.79 target hit.

 

[Subhadip]

$96.79 target hit.

u r not trading in Indian market?

not in MCX?

 

[MANISH_DAMANI]

u r not trading in Indian market?

not in MCX?

I am trading in MCX as no choice but our market purely follow WTI crude movement difference is only due to RS/$ in day time. I trade and take decision based on WTI crude as I feel it is best for tracking crude. Reason our market closed at 11:30/55 pm but their market open and open at 10 am then also their market open so gap up/gap down possibility easily judged from their easily. And I found my self more correct while following WTI crude charts. I use mcx chart as just reference price. :thumb:

 

[akpurandare]

What are advises for Tata Motors,SBI,ICICI,WIPRO

 

[MANISH_DAMANI]

What are advises for Tata Motors,SBI,ICICI,WIPRO

usually we are discussing here commodities but as u requested for advice so after watching charts SBI is showing bollinger band break down. If you have already shorted then be in trade with SL of rs 2453 (20 ema) if 2384 (50 Ema ) breaks then futher downside could be seen.

Tata Motors: If you are shorted then be in trade with SL of rs 300.70 as same bollinger band break down and 20-50 ema crossover will happen in future then good fall expected.

Icici-Rs 1150 is 50 ema support if that breaks then bollinger band could also show some sign of more fall till now 1150 could be good support.
Wipro: Chart pattern is not so exciting for both buy /sell so no comments.

Above are rough views and opinion is made after watching free EOD charts of I CHARTS. IF in future if start NSE charts in AMI then possible more better idea could be gained. Till now its a rough as nifty rally seems over stretched it could test 5800(20 ema in weakly chart) -5850 in near future of 1-2 months even more as from 4800 no big correction come except that crash of single day . SO those who wants to buy for long run should wait for correction dont run after these TV guys and buy good stocks like above.Its my personal opinion based on technical charts only.