iCharts Discussions

shashangan · Posted: Fri May 03, 2013 10:05 am Post subject:

Around 5963-60 to 5978-82 would be the range till 11.

No surprise. Kindly check the 2nd chart I had attached as one of the possible trend to confirm the movements.

Thanks
Gautham Shashangan

shashangan · Posted: Fri May 03, 2013 10:55 am Post subject:

Mkt could be in the range of 5957-53 - 5985-89 till 12.

Thanks
Gautham Shashangan

shashangan · Posted: Fri May 03, 2013 11:59 am Post subject:

Not sure, but probably mkt may again break low & close in Red.
It's just a possibility like I had shown the chart.

I can be wrong, do your analysis.

Above 6012 May watch.

Let's see. I am stepping out for a couple of meetings.

Happy & safe trading
Thanks
Gautham Shashangan

shashangan · Posted: Fri May 03, 2013 4:18 pm Post subject:

This was the chart I had posted as one of the possibility on 1st May. The mkt has almost so far come little as per projected. Let's see what happens on Monday.

There could be a little lower too on Monday before taking off possibly near closing or Tuesday.

Thanks
Gautham Shashangan

RAJDESAI1967 · Yellow Belt Joined: 19 Mar 2013 Posts: 518

the last green candle is ur expect on monday

shashangan · Posted: Sat May 04, 2013 9:35 am Post subject:

Yes Raj, it's an approximate move I projected. But since there was no place I had drawn bigger bear & bull candles. Also check the target.

NF can try 5914 min on the lows. Support 5899 up to next 5882 support can be bought which could be the lower target. Towards Monday closing it may start pulling back up or the up move might happen on Tuesday.

There also can be a consolidation for 2-3 days before resuming the up trend. But yes you can buy on dips. It will target 6150 again according to me.

The lowest mkt can go is 5844 if downside extended, but looks quite doubtful at the moment. Below 5815 major stops would trigger.

I have a training on Monday, so wont be able to watch or update in the mkt hours. So see you all on Tuesday hopefully.

Thanks
Gautham Shashangan

shashangan · Posted: Sat May 04, 2013 11:29 am Post subject:

Remember Mkt is overall bullish according to me.

Just to caution & not to get caught on wrong side, I am giving one more picture. Based on the Strong Dow Nasdaq close, There is also possibility of NF opening around 5975-79 & trying min around 6001 & 6015 again, where low could be around 5952.

So going short is something I would not recommend for Monday. It's better to wait for low & buy on dips, watching the open, intra day consolidation & bottom reversal.

Thanks
Gautham Shashangan

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

shashangan · Posted: Sat May 04, 2013 12:06 pm Post subject:

Oh yes Vinay, possible. But you will get min 5963 I think.

Had not noticed the U.S mkt.s move. I am just looking at everything one by one & just realised the strong Dow & Nasdaq & have edited the open to 5975-79

Let's see what happens on Monday.

Regards,
Gautham Shashanan

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

shashangan · Posted: Sat May 04, 2013 2:17 pm Post subject:

Even I am not sure as of now Vinay.

I dont see it opening above 5990. Most probably near 5975 is what i feel.

But open is not in our control. So let's see how it comes up on Monday.

Have attached a chart for reference.

Thanks
Gautham Shashangan

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

shashangan · Posted: Mon May 06, 2013 9:34 pm Post subject:

NF Resistance

6078
6049
6027
6015
5980

NF Support

5963
5934
5913 *
5893 *
5869
5852
5844

Thanks
Gautham Shashangan

beowulf · White Belt Joined: 18 Aug 2010 Posts: 163

O Lord of the charts, we pray to thee, please elaborate angel