ChartMantra

ChartMantra Updated 

Good morning all, We saw good momentum in the second half yesterday providing us with some optimism. Today, if it needs to continue, we'll need the 37000 barrier to be broken. If it does, we see a good move. So; Long side view: Buy above 37030 Target 1 - 37140 Above this TSL Target 2 - 37265 (Long SL - 36860) --------------- Short side view: Sell below...

ChartMantra

Good evening all, Like we expected yesterday, nothing happened, and don't expect anything tomorrow either. At least the range that we have marked is busted on either side. Till then, be safe... *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., hit like, follow me, and do spread the word.

ChartMantra

Good morning all, No Levels today.... For they don't mean anything in the current scenario. Not until 37000 and 36200 breaks on either side. A sad story we've been living for the past 5 trading sessions. Something's gotta give. When? is the question. Till then, nothing and after that, opportunity. So.... MONEY SAVED IS MONEY EARNED

ChartMantra

Good morning all, Thursday was a classic example of a seller trap. Showed potential upside to lure and then made it stick in a range to decay the premium. Hence levels are important and over that, entry and exit. For tomorrow, I do not have hope until the 37000 - 36400 range breaks. So; Long side view: Buy above 36925 Target 1 zone 37000 - 37025 Target 2 -...

ChartMantra

Good evening all, Good day at work today... Same target was met twice. good money.... No? For tomorrow, we are at a level where we comfortably see a 'long' position and reach out to 37000. If that breaks, then, 37140 and then and then and then.... So; Long side view: Buy above 36860 Target 1 zone 36925 Above this TSL Target 2 zone 37000 - 37030 Target 3 -...

ChartMantra Updated 

Good evening all, Firstly apologies for not being available for the past 2 days, something I couldn't have avoided and required me more. For tomorrow, we are in a zone where the index could move either way. So; Long side view: Buy above 36685 Target 1 zone 36815 - 36855 Above this TSL Target 2 - 36920 Target 3 zone 37000 - 37030 (Long SL -...

ChartMantra

Good evening all, Contarary to its nature, it was comparatively sideways today and within the range we had marked. it has been so for the past 2 days and has been volatile within that. For it to gain momentum, it needs to break 37000 and 36250. So; Long side view: Buy above 37000 Target 1 - 37175 Above this TSL Target 2 37315 (Long SL -...

ChartMantra Updated 

Good evening all, Like I said last evening, VOLATILITY is the flavour of the month and we witnessed it today..... Again. 320 points up in around 50 mins and down 250 points in 120 mins. But this is good for us as we get to use the momentum to achieve our targets faster and if you trade options, we keep theta out of the play. For tomorrow, we may see some...

ChartMantra Updated 

Good evening all, Today was a taste of what September will be like. Volatile. Historically it has been. But the peak margin rule change may witness some slowness. The daily, hourly, and 30M charts suggest some room above but we might as well see a range between 36500 and 36200. All we need is, for it to sustain above 36500 or below 36200. So; Long side...

ChartMantra

Good evening all, What a run we had today. All our targets over the last 3-4 sessions met and 36320 broken. Do we see a new high? May be...... Let's see. It is at a point where it may reverse from the PRZ or move up. So; Long side view: Buy above 36475 Target 1 zone 36620 - 36635 Target 2 - 36840 Above this TSL (Long SL - 36350) --------------- Short side...

ChartMantra Updated 

Good evening all, Tomorrow, we still see a range between 35500 and 35800. Other than that nothing. This has been over the past 3 trading sessions. We be excited when it breaks this. Till then; Long side view: Buy above 35800 Target 1 - 35900 (Long SL - 35650) --------------- Short side view: Sell below 35495 Target 1 zone 35410 - 35360 (Short SL - 35650) ***...

ChartMantra

Good evening all, Today we did scrape the barrel but did make 100 points on the long side. And if you look at the chart, tomorrow will be similar. A range between 25500 and 35800. But despair not, this is just the calm before the September storm. Then, we will have the index move the way like it...... Volatile. So: Long side view: Buy above 35800 Target 1 -...

ChartMantra

Good evening all, Like I suggested yesterday, resistance in the form of a range between 35500 - 35900 was maintained by sellers to earn their bread. Tomorrow may not be different and we may have to resort to scraping the barrel. So: Long side view: Buy above 35665 Target 1 zone 35765 - 35810 Target 2 - 35905 (Long SL - 100 points) --------------- Short side...

ChartMantra

Good evening all, At 35795, we almost did manage 2 targets today and a total upside of ~370 points. Profitable day at the office. For tomorrow, I am still optimistic about being long but will do so with care. Sellers has a bad day today and will fight back tomorrow. So expect resistance in the form of a range between 35400 - 35800. So: Long side view: Buy above...

ChartMantra Updated 

Good morning all, Yesterday our long view was nullified by the huge gap up opening. However, we did find a short move to reach the first target. For today, the market will possibly be in a range of 400 points between 34800 and 35400. If we do get a long move, it will really be some good money. So: Long side view: Buy above 35430 Target 1 - 35610 Target 2 -...

ChartMantra

Good morning all, On Friday, we started with meeting 2 targets after a gap down and pull back. For today, the chart suggests a long with a tricky downside. So: Long side view: Buy above 35185 Target 1 zone 35265 - 35305 Target 2 - 35350 Target 3 zone 35400 - 35430 Above this trail your SL (Long SL - 100 points) --------------- Short side view: Sell below...

ChartMantra

Good morning all, Now that we have broken 35500, let's look below..... On top, the 35300 mark is still very strong. Other than that, we will still be swaying in the zone we've been so far. So: Long side view: Buy above 36320 Target 1 - 36425 Above this trail your SL (Long SL - 36175) --------------- Short side view: Sell below 35430 Target 1 - 35340 Target 2...

ChartMantra

Look at the chart.... Are you getting in any clarity? I am not.... What we see is what we trade and not what we feel...... Right now.... Nothing. Other than the fact the hourly dynamic support was broken today only to reverse back and make thing difficult for us.