iCharts Discussions

shashangan · Posted: Mon May 06, 2013 10:01 pm Post subject:

O my beloved Moses. Those are levels to watch. where NF will have hichkki & take a break for a quick short nap in between moves.

Thanks,
Gautham Shashangan

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

Thanks Gautham... Very Happy

Your posts are generally pretty descriptive and good to read.

Anything special about those two blue numbers...?

Beo

shashangan · Posted: Tue May 07, 2013 8:49 am Post subject:

If I am not wrong the range for NF till 11 am

Approx Open 5995 High 6004 Low 5975

Thanks
Gautham Shashangan

shashangan · Posted: Tue May 07, 2013 9:52 am Post subject:

could be again, level to watch for entering long if mkt holds. Well let's see Beo since now mkt is near the highs. Lets keep an eye on the resistance which i mentioned for now. If it corrects down we will think of level to enter Long.

Thanks
Gautham Shashangan

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

Thanks Gautham,
Would you recommend going short around 6010/6015 levels with a strict SL ...?

In the current leg of the rally from ~5650, I have noticed that the nifty gives some sudden moves in the last hour...anything of that sort to be expected today.

shashangan · Posted: Tue May 07, 2013 10:02 am Post subject:

Could be risky but yes 6015-18 you can try with stop 6028 for intra day. Min Target 5995

Thanks
Gautham Shashangan

shashangan · Posted: Tue May 07, 2013 10:47 am Post subject:

I am not sure of the last hour yet. I am having a small doubt if mkt needs to close in Red for one more session before breaking high. I feel it needs to try 5963 & 5934 again probably. The previous high is 6024 NF. So let's see if it will break.

For now i feel mkt is in range till 1pm. It may not break the 6024 high. There could be selling like I mentioned again on the next high.
But I could be wrong. Le'ts see.

Keep in mind. I am overall bullish though.

Thanks
Gautham Shashangan

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

shashangan · Posted: Tue May 07, 2013 11:11 am Post subject:

Vinay, I dont want it to break the high today.

If I am not wrong around 12.15-12.45 I feel it could be near day's high again followed by selling to minimum 5980-75 region. We need to see that selling where it will stop. Hoping it to close in red today. This is the picture I have for the moment.

Well it need not be right.

Thanks
Gautham Shashangan

shashangan · Posted: Tue May 07, 2013 12:03 pm Post subject:

Cover intraday shorts around 6002 or place a stop @ cost to be safe. You may get once higher.

Thanks
Gautham Shashangan

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

shashangan · Posted: Tue May 07, 2013 12:18 pm Post subject:

Hope I am right. Taking a gamble, Placed short @ 6022.40 with stop 6030.

Regards,
Gautham Shashangan

shashangan · Posted: Wed May 08, 2013 9:06 am Post subject:

Mkt range till 1.15 pm

Open 6070 High 6096 Low 6042

Thanks
Gautham Shashangan

shashangan · Posted: Wed May 08, 2013 11:38 am Post subject:

High Risk Trade - Strictly Intra day NF.

Place an order to buy @ 6034-32 with stop 6013. Possible Targets 6051 / 6071 / 6096.

Regards,
Gautham Shashangan

shashangan · Posted: Wed May 08, 2013 12:36 pm Post subject:

1st Target achieved. If you dont want to risk, scale up your stop to 6037 from 6013. Take your call on stop & exit.

Thanks
Gautham Shashangan