iCharts Discussions

shashangan · Posted: Thu Jun 20, 2013 7:49 pm Post subject: Re: Nifty View

Rita, we need to see where it opens tomorrow. 5627 is the immediate support followed by 5615 around. They can try to book profits around here, so you may see a bounce, but will it only be intraday, we need to see.

Just to have a wash out for the last hoping longs, they may even try 5570 tomorrow being Friday.

5585 - 70 region could give a pull back since it's nearing a possible short term bottom for consolidation, not necessary though. Let's see.

I have some probable meetings tomorrow, not confirmed yet. I shall update If I am watching the mkt.

Though early, at the rate mkt is heading south, between 7th - 15th Aug mkt may possibly reach around 5325 NF where it may bottom.

I could be wrong, do your own analysis.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Jun 21, 2013 9:56 am Post subject:

5668-77 on the highs & 5600-5585 on the lows are the range for the day for NF.

If on the lower side extends mkt may try 5570, but may not break according to me.

If it holds above open till 1 pm, it will go down in the 2nd half. If it breaks low & tests 5600 below before 1 pm, it may possibly go up in the 2nd half.

You can short or long at the respective range high or low for the day. Above 5715 & 5745 upside stops - doubtful.

I could be wrong.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Jun 21, 2013 1:07 pm Post subject:

If you have not entered, Place an order to short NF @ 5684-86. Stop 5716

Tgt 5605 & below.

Could be a very bad wipe out month for all longs, If I come right with today's weekly close.

Thanks
Gautham Shashangan

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

shashangan · Posted: Fri Jun 21, 2013 1:23 pm Post subject:

Right Sp,

But I had mentioned morning itself around 1 pm it can top out & you can sell between 5668 - 77 area NF. The mkt made the high & was in my range between 12.45- 1.05

I gave the new entry @ 13.07.

Only if you didn't enter, I gave the better price, but not sure if you will get it now. If you get possibly you are lucky. And I can be wrong too.

Thanks
Gautham Shashangan

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

[quote="shashangan"]Right Sp,

But I had mentioned morning itself around 1 pm it can top out & you can sell between 5668 - 77 area NF. The mkt made the high & was in my range between 12.45- 1.05

I gave the new entry @ 13.07.

Only if you didn't enter you, I gave a better price, but not sure if you will get.

Thanks
Gautham Shashangan

Yes Gautham, as soon as I placed order it was gone, never mind it was a good call.

satishboda · White Belt Joined: 15 Dec 2010 Posts: 54

Hi Shashangan.. gr8 work... appreciate that... should i hold my shorts over the weekend till monday.. how do you see that...

shashangan · Posted: Fri Jun 21, 2013 2:42 pm Post subject:

Hi Satish,

Depends on your Risk taking ability.

You can cover 5612 around if you have multiple lots or whole & wait till monday. If you get lower you can buy probably around 5580.

I have a doubt it will give pull back soon.

Good luck
Gautham Shashangan

shashangan · Posted: Mon Jun 24, 2013 11:45 am Post subject:

Target Achieved.

Place an order to Buy July Nifty between 5606-5596. Min Target 5700 tomorrow followed by may be 5735 by Thursday.

Mkt may not recover fully today. It may hold & may mostly close in Red, but there could be recovery from around these levels.

Stops will be below 5550. Around 1.30 there could be one small recovery. Let's see.

I can be wrong. Do your own analysis.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Jun 24, 2013 2:02 pm Post subject:

Buy Bank Nifty around 11125 & below. Min Tgt 11510 above by tomorrow.

July Nifty may not break 5587 according to me. Between 3 - 3.15 pm a small short covering may start. But mkt may still be closing in Red.

I may be wrong. Do your own analysis

Regards,
Gautham Shashangan

ritapandit25 · Black Belt Joined: 04 May 2013 Posts: 2926

shashangan · Posted: Mon Jun 24, 2013 10:16 pm Post subject:

Thanks Rita,

Hope my Buy call also comes right.

Regards,
Gautham Shashangan

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

Hi

Whats your view on BNF now...

as it touched low of 11132....

Is there further fall....

Thanks
Satish artist

shashangan · Posted: Tue Jun 25, 2013 7:53 am Post subject:

Hello Satish,

Min Tgt 11510 is possible today itself mostly. It may try 11720 & above also. Let's see, I am having a small feeling this week may be a small bull. Will confirm soon.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Jun 25, 2013 2:28 pm Post subject:

Mkt looks still up.

But If you have multiple lots Partially you can book profit @ 5679-81.

June Bank Nifty @ 11350

Thanks
Gautham Shashangan