iCharts Discussions

shashangan · Posted: Wed May 08, 2013 1:01 pm Post subject:

Book your profit between 6063-65. You can partially book if you want to take a chance. The mkt may consolidate for some time before fresh move. For now relish your small booty.

Good luck
Thanks
Gautham Shashangan

shashangan · Posted: Wed May 08, 2013 1:41 pm Post subject:

Mkt may reverse again from 6044-42 to break high once more before closing.

I dont recommend any entries for now. Just watch.

All the beast (Bull)
Thanks
Gautham Shashangan

shashangan · Posted: Wed May 08, 2013 3:28 pm Post subject:

Book all your profits @ 6090 or just before close. There could be a small correction before resume up trend tomorrow.

Mkt is overall up.

Seems like my chart projection will come right. Have adjusted the time a bit.

1st target is around 6120 NF. Remember not to hold multiple longs beyong 6115. Keep very light exposures. Any moment mkt can give Chakma.

Goodluck
Gautham Shashangan

shashangan · Posted: Wed May 08, 2013 9:53 pm Post subject:

Dow crossed 15k.

Was predicted on 7th Mar 2013 about Dow targeting 15100. Mkt was around 14200 then.

Thanks
Gautham Shashangan

http://www.icharts.in/forum/nifty-analysis-t4793,postorder,desc,start,270.html

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

shashangan- u expecting 6287 and then downturn to start?

shashangan · Posted: Thu May 09, 2013 8:38 am Post subject:

Yes Raj That's the max if mkt extends. But keep your eye open. Mkt can even reverse from 6135. It's nearing a top. I shall update if I feel it's made the top.

I recommend everybody to lighten their stock portfolio little by little from today.

It's my view. I can be wrong.

Thanks
Gautham Shashangan

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

shashangan · Posted: Thu May 09, 2013 8:52 am Post subject:

NF opening around 6085-90

There is one of my analysis indicating NF may correct to min 6049 followed by 6015 area for today. Not very clear yet. Shall watch the move for some time before I confirm.

Thanks
Gautham Shashangan

shashangan · Posted: Thu May 09, 2013 9:08 am Post subject:

I dont know & doubt if it will come down below 5800 & then go to break the high again.

If it makes new high it mostly wont go to break high if it falls 150-200 points.

But well anything is possible in this mkt. Let's see

Thanks
Gautham Shashangan

shashangan · Posted: Thu May 09, 2013 10:10 am Post subject:

High Risk Trade - Strictly Intra day NF.

Place an order to buy NF @ 6052- 50 with stop 6036. Target open. Possible Min Target 6069

Regards,
Gautham Shashangan

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

took 1 lot 6053

shashangan · Posted: Thu May 09, 2013 11:00 am Post subject: Re: nifty

Good Raj. But I request, dont mention if you take an entry on my call. If you feel you can mention after you book profit. Please dont mind. It's not to offend you, just to keep my mind free of tension, so my analysis will not be affected.

I dont worrry of my entries & losses, but I get upset if somebody loses money on my call. Take entry, that's anybody's choice, but dont tell here you took.

Thanks
Gautham Shashangan

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

ok shahshangan

noted ur comments-

thnks

shashangan · Posted: Thu May 09, 2013 11:11 am Post subject:

Sorry Raj, Please dont think otherwise. I appreciate your trust in me.

Just that I am a analyst. The mind of analyst's has to be tension free to get the clear view out of them. Once somebody says they took entry it plays on the analyst's mind.

That's the only reason. I am happy if anybody makes profit on my calls. Like I said you can mention it after you exit with profit, if you want. I am not expecting that too.

Kindly dont mistake me. But you can ask me any doubt anytime, I am more than happy to give my opinion or view.

Thanks
Gautham Shashangan

shashangan · Posted: Thu May 09, 2013 11:38 am Post subject:

I am not very comfortable. You can hold your entry but Scale up your stop to 6043

Thanks
Gautham Shashangan