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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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Post: #1246  Posted: Wed Jun 05, 2013 11:48 pm Post subject: |
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Hey Nerella,
 
I shall make time for you though.
Thanks a lot
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1247 Posted: Wed Jun 12, 2013 1:53 pm Post subject: |
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Short NF @ 5795 for min target 5742 by today's closing or by tomorrow
Gautham Shashangan
| shashangan wrote: | (Edited) 12138 & 12068 is the immediate target tomorrow or by Friday for Bank Nifty.
Nf has broken previous 2 weeks lows & also today it briefly broke last month's low too. It should go through tomorrow or coming days convincingly.
Today's bull close is just a correction according to me. I feel the mkt can again open a bit lower tomorrow & the 1st target should be 5845. Though early according to me NF in coming days should target 5750-48 area, where it has some reasonable support followed by 5708 & around 5630-28 region by this month end hopefully.
If mkt doesn't break 5950 tomorrow after open & holds below 5895 probabilities of testing 1st target tomorrow itself is much higher.
A break above 6025 will slow down the bearishness temporarily. A strong move above 6055 will marginally bring the bulls to play. A move above 6090 bulls will get a stronger hold, which would be bad for bears. A break or close above 6120 will reverse the trend, very unlikely according to me as of now.
I could be wrong. I am just guessing based on some of my analysis. Please do your own analysis to confirm before trading my call.
I want to take a break for sometime, so may not be very active in markets from now on. I have been neglecting my work, business & some personal issues due to mkt engagement.
Shall update as & when I have time.
Reference (old posts)
http://www.icharts.in/forum/download,id,15841.html
http://www.icharts.in/forum/download,id,15883.html
http://www.icharts.in/forum/download,id,15884.html
http://www.icharts.in/forum/download,id,15842.html
Thanks & Good luck to all
Gautham Shashangan |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1248 Posted: Wed Jun 12, 2013 2:00 pm Post subject: |
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[quote="shashangan"]Short NF @ 5795 for min target 5742 by today's closing or by tomorrow Gautham Shashangan [quote="shashangan"]
and SL? |
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Neotrader
White Belt
Joined: 13 Feb 2011
Posts: 9
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| Post: #1249 Posted: Wed Jun 12, 2013 2:10 pm Post subject: NF probably seen the low at 5747 today. Now may rally |
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[quote="vinay28"][quote="shashangan"]Short NF @ 5795 for min target 5742 by today's closing or by tomorrow Gautham Shashangan | shashangan wrote: |
and SL? |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1250 Posted: Wed Jun 12, 2013 2:17 pm Post subject: |
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5846 SL.
5715, 5640 & 5621 are overall targets for the month.
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1251 Posted: Tue Jun 18, 2013 2:00 pm Post subject: |
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Place an order to Short NF @ 5850-54 with a tight stop 5886 or safe stop 5903.
If mkt breaks 5841 you will see min 5815 before closing possibly or by morning, followed by 5772.
Rgards,
Gautham Shashangan
Last edited by shashangan on Tue Jun 18, 2013 2:21 pm; edited 3 times in total |
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mogili
Green Belt
Joined: 29 Jan 2013
Posts: 1025
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| Post: #1252 Posted: Tue Jun 18, 2013 2:13 pm Post subject: |
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| shashangan wrote: | Place an order to Short NF @ 5850-54 with a tight stop 5886 or safe stop 5903.
If mkt breaks 5941 you will see min 5815 before closing or by morning followed by 5772.
Rgards,
Gautham Shashangan |
I'm a bit confused with your second line. Does it imply that if market breaks 5941, there could be a more than 100 points gap down? |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1253 Posted: Tue Jun 18, 2013 2:16 pm Post subject: |
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Sorry Mogli, mistake 5841 not 5941. Have corrected.
Thanks
Gautham Shashangan |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #1254 Posted: Tue Jun 18, 2013 3:16 pm Post subject: Nifty View |
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| shashangan wrote: | Sorry Mogli, mistake 5841 not 5941. Have corrected.
Thanks
Gautham Shashangan |
Vow,
Excellent Sir. |
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biznet
White Belt
Joined: 04 Feb 2013
Posts: 46
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| Post: #1255 Posted: Tue Jun 18, 2013 3:29 pm Post subject: |
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| shashangan wrote: | Place an order to Short NF @ 5850-54 with a tight stop 5886 or safe stop 5903.
If mkt breaks 5841 you will see min 5815 before closing possibly or by morning, followed by 5772.
Rgards,
Gautham Shashangan |
Dear Shashangan,
Thanks a lot
excellent analysis, earned from it
BIZNET |
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mogili
Green Belt
Joined: 29 Jan 2013
Posts: 1025
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| Post: #1256 Posted: Tue Jun 18, 2013 3:32 pm Post subject: |
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| shashangan wrote: | Sorry Mogli, mistake 5841 not 5941. Have corrected.
Thanks
Gautham Shashangan |
Superb Call Shanshangan. Thanks. God Bless You. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #1257 Posted: Tue Jun 18, 2013 3:43 pm Post subject: |
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| shashangan wrote: | Place an order to Short NF @ 5850-54 with a tight stop 5886 or safe stop 5903.
If mkt breaks 5841 you will see min 5815 before closing possibly or by morning, followed by 5772.
Rgards,
Gautham Shashangan |
Hats Off Sir,
When to covered the Short Sir? |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1258 Posted: Tue Jun 18, 2013 6:27 pm Post subject: |
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It's my pleasure. Happy to hear, you made money.
Cheers,
Gautham Shashangan
| biznet wrote: |
Dear Shashangan,
Thanks a lot
excellent analysis, earned from it
BIZNET |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1259 Posted: Tue Jun 18, 2013 6:29 pm Post subject: |
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Thank you Mogili. God Bless you too.
Regards,
Gautham Shashangan
| mogili wrote: |
Superb Call Shanshangan. Thanks. God Bless You. |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1260 Posted: Tue Jun 18, 2013 6:33 pm Post subject: |
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I think overall the mkt should go to make one more new low (at least briefly).
Anyway for this position, I have mentioned 5772 could be next target, But let's see the opening tomorrow. Will try & update if I see any cues, If I am free & watching.
Thanks for your appreciation.
Regards,
Gautham Shashangan
| ritapandit25 wrote: |
Hats Off Sir,
When to covered the Short Sir? |
| ritapandit25 wrote: |
Vow,
Excellent Sir. |
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