iCharts Discussions

chennuru · White Belt Joined: 07 Jan 2011 Posts: 93

All indicator started in divergence in daily charts

sushrut · White Belt Joined: 27 Apr 2012 Posts: 32

feel nf totest6180 and head for profit booking

shashangan · Posted: Sat May 11, 2013 10:31 pm Post subject:

Yes Chennuru, that's also something to keep in mind.

Sharad 6180 & even around 6270+ is probably possible, I am just cautioning all Longs to keep thin positions, since there can be a surprise sell off just to trap small players.

It's a mind game, everybody will get bullish once it breaks new high. Very few people will be expecting a big reversal at this moment. There are also upside trend lines which will psychologically be playing in everybody's mind as upside target.

Many animals can sense danger than humans. For eg; Dogs can see death coming & they can see ghosts is what I have heard & even natural calamities like earthquake & Tsunami. They start barking heavily when they sense something bad coming. I am just saying everybody to keep your eyes wide open, since I can sense something can probably go wrong. My experience & sixth sense is telling me to be careful. It need not happen. But if it happens my warning probably would help someone

Regards,
Gautham Shashangan

shashangan · Posted: Mon May 13, 2013 9:44 am Post subject:

6077-75 may see some intra day buying back to 6100+. Immediate Stops Could be below 6069.

Thanks
Gautham Shashangan

shashangan · Posted: Mon May 13, 2013 11:07 am Post subject:

If anybody bought below 6077 Kindly place a stop @ 6080. You can partially book @ 6088-89+ or close your position. Mkt is slow. Not very comfortable with the movements.

Thanks
Gautham Shashangan

shashangan · Posted: Mon May 13, 2013 12:19 pm Post subject:

Longs Caution. Be careful.

Thanks
Gautham Shashangan

shashangan · Posted: Mon May 13, 2013 2:46 pm Post subject:

I have been little skeptic to long from last thursday & friday. Well let's see where it closes. If closing is bad then Longs could get trapped following a lower open. It's a possibility. I can be wrong.

Thanks
Gautham Shashangan

satishkadam · Yellow Belt Joined: 01 Apr 2010 Posts: 805

shashangan · Posted: Mon May 13, 2013 4:39 pm Post subject:

That's right Satish. It was also giving some small indications.

I hope nobody got trapped on the wrong long side. Nifty May (- 131 points) The closing is pretty bad on daily basis.

The previous week's candle 70% is covered by today's bear. Need to see what they do in next 2-3 days.

Immediate resistance would be at 6024. They can again try & confuse with some erratic movements. But in any case, for now I feel 6058, may be level people could enter short if they get it back there.

I am leaving to kochi by noon tomorrow & wont be there for the week.

6078
6058
6049
6027
6015

NF Support

5963
5934
5919 Sloping variable *
5893 *
5869
5852
5844

Thanks
Gautham Shashangan

chennuru · White Belt Joined: 07 Jan 2011 Posts: 93

Dear all

nifty may find support at 5950 level,

if it consolidates at that level, chances are more to go up side to cross the recent highs

if it bounce back from there, chances are more to go down,

any how, coming two, three trading sections are very very crucial for nifty.

happy trading

sujan

shashangan · Posted: Tue May 14, 2013 9:22 am Post subject:

let's see Sujan,

As of now even I am not sure. Yes for now there is immediate support @ around 5980. If it goes through it sharply stops would again trigger probably taking May around 5930 target is what I feel.

Upside 6016 & 6024 could be level selling can come. Shall update till I am there.

Thanks
Gautham Shashangan

shashangan · Posted: Tue May 14, 2013 11:21 am Post subject:

High Risk - Strictly Intra day.

Place an order to Short May @ 6028-31 with stop 6049. Target open. Possible Target 5986.

Thanks
Gautham Shashangan

shashangan · Posted: Tue May 14, 2013 12:11 pm Post subject:

You can place an order to partially cover short @ 6011-09 & move your stop from 6049 to 6025 or cost.

Thanks
Gautham Shashangan

satishkadam · Yellow Belt Joined: 01 Apr 2010 Posts: 805

shashangan · Posted: Tue May 14, 2013 12:39 pm Post subject:

Yes Satish,

If it breaks 6009 directly now, it can possibly again try 5986 & 5963 around.

Let's see. I am just getting ready to go. I have a training program in Kochi tomorrow. I have to leave by 1.30. I will be out for the week.

Thanks
Gautham Shashangan