iCharts Discussions

shashangan · Posted: Thu May 23, 2013 1:37 pm Post subject:

Mkt can test the support around 5964-61 NF around 2 - 2.15 pm & pull back to around 6025 probably by 2.45 pm.

I can be wrong. A move below 5930 will be bad. Play cautiously.

Regards
Gautham Shashangan

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

nifty divergence trade in daily charts, my view still another 150 points down sid

taruj · White Belt Joined: 20 Apr 2011 Posts: 260

HI Chen: saw your SB Post.

I am not very good at TA, but you may be right. just like my mentor (who also is bad at TA) said: hope you are prepared for that eventuality in case it doesnt go the way you thought it would.

Also, like Veera Dada (veerappan) says: throw your mind out of the window and follow your plan.

Maybe sharad sir can value add.

my best wishes to you. thumbup

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

shashangan · Posted: Mon May 27, 2013 10:08 am Post subject:

Had a very busy weekend, could not update.

But anyway mkt has not broken 5930 & has achieved 6025. Let's see what happens now. It's consolidating I suppose.

NF may be in the range of 6030 - 6003 till 11.15 before taking new direction, if I am not wrong. Shall update again a little later.

Regards,
Gautham Shashangan

shashangan · Posted: Mon May 27, 2013 12:31 pm Post subject:

NF may take a turn up to 6037+ approx possibly from around 6003-6000.

Break below 5977 could slow down.

Regards,
Gautham Shashangan

shashangan · Posted: Mon May 27, 2013 4:44 pm Post subject:

Longs need to keep a watch around (May) 6116 - 6120 region. The mkt might take a reversal for a huge fall.

Just a caution. I may be wrong. Let's see what happens till May expiry.

Good luck
Gautham Shashangan

shashangan · Posted: Mon May 27, 2013 6:43 pm Post subject: Re: divergence in nifty

Where is your stop Chennuru. How do you see the mkt now.

shashangan · Posted: Tue May 28, 2013 10:20 am Post subject:

Cautiously Play minimum. Can be risky.

Place an order to Short June @ 6134+ with stop 6162. (or May 6115+ stop 6149) Target open

Thanks
Gautham Shashangan

shashangan · Posted: Tue May 28, 2013 11:47 am Post subject:

NF May might again see a short selling from 6073 region. Need to see how the selling pressure is going to be.

Regards,
Gautham Shashangan

shashangan · Posted: Tue May 28, 2013 12:06 pm Post subject:

I feel mkt is turned a bit bearish for now. But If May breaks 6092 it may try & go back to break high to try & fish out some stops before again reversing.

Thanks
Gautham Shashangan

shashangan · Posted: Tue May 28, 2013 2:17 pm Post subject:

Place an order to Short May @ 6129-31 stop 6161 Possible Target 6038 (or)

June 6149-52 with stop 6181. Possible Target 6058

Regards,
Gautham Shashangan

shashangan · Posted: Tue May 28, 2013 2:53 pm Post subject:

If short, you can partially cover @ 6080-79 May & 6102-01 June & move your stop to cost for the other entry.

If there is sudden strong sell off it can take it down to my other targets. Stay cautious, there can be swings as it's near closing. For intra day, If May doesn't cross 6111 for now it's good for bears.

Thanks
Gautham Shashangan

shashangan · Posted: Tue May 28, 2013 3:05 pm Post subject:

Place an order to Short May @ 6124-26 stop 6161 or Tight stop 6139(Risky) Possible Target 6038 (or)

June 6144-47 with stop 6181 or Tight stop 6159(Risky). Possible Target 6058.

Dont play without stops. Intra day players should cover positions by close if you dont want to risk & not to enter after 15:22.

Regards,
Gautham Shashangan