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Nifty Analysis
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Author Nifty Analysis
shashangan
Green Belt
Green Belt


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1276   PostPosted: Thu Jun 20, 2013 7:49 pm    Post subject: Re: Nifty View Reply with quote

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

ritapandit25 wrote:

Sir, Your View on Nifty now ?



shashangan wrote:
Posted on 12th June - 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


shashangan wrote:
Posted 5th June (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


shashangan wrote:
Posted on May 31st Today's massive bear candle on daily.

Inverted Hammer on Weekly & Inverted hammer on Monthly confirming end of uptrend mostly.
The H & S another reversal pattern co-relating to the trend.

Longs need to be put in utmost caution, not to get wiped out.

I could be wrong.

Enjoy your weekend.
Gautham Shashangan


shashangan wrote:
Posted on 18th May - Positional longs need to keep a watch from 6203 - 6231 NF on Monday. I suspect a fall or a correction again.

Minimum target could be 6142-38.

Clear most of your stock portfolio. I remind again, the mkt is nearing a overall top for a major Reversal. Keep small exposures & dont carry long positions. The fall to follow will target minimum around 5400. Stay cautious.

Play minimum. Wait for highs to short than going long. Keep very thin long positions & If you long make sure to play with stops.

Shall update the entry & my view as it's clear.

Kindly do your own analysis also. I can be wrong.

Thanks
Gautham Shashangan
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shashangan
Green Belt
Green Belt


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1277   PostPosted: Fri Jun 21, 2013 9:56 am    Post subject: Reply with quote

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
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shashangan
Green Belt
Green Belt


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1278   PostPosted: Fri Jun 21, 2013 1:07 pm    Post subject: Reply with quote

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


Last edited by shashangan on Fri Jun 21, 2013 1:16 pm; edited 1 time in total
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SP50
Brown Belt
Brown Belt


Joined: 26 Nov 2010
Posts: 1615

Post: #1279   PostPosted: Fri Jun 21, 2013 1:15 pm    Post subject: Reply with quote

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

Tgt 5604 & below

Thanks
Gautham Shashangan


5684 se pehele gir gaya!!! 24
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shashangan
Green Belt
Green Belt


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1280   PostPosted: Fri Jun 21, 2013 1:23 pm    Post subject: Reply with quote

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

shashangan wrote:
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

SP50 wrote:
shashangan wrote:
If you have not entered, Place an order to short NF @ 5684-86. Stop 5716

Tgt 5604 & below

Thanks
Gautham Shashangan


5684 se pehele gir gaya!!! 24


Last edited by shashangan on Fri Jun 21, 2013 1:25 pm; edited 1 time in total
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SP50
Brown Belt
Brown Belt


Joined: 26 Nov 2010
Posts: 1615

Post: #1281   PostPosted: Fri Jun 21, 2013 1:24 pm    Post subject: Reply with quote

[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.
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satishboda
White Belt
White Belt


Joined: 15 Dec 2010
Posts: 54

Post: #1282   PostPosted: Fri Jun 21, 2013 2:36 pm    Post subject: Reply with quote

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


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1283   PostPosted: Fri Jun 21, 2013 2:42 pm    Post subject: Reply with quote

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
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shashangan
Green Belt
Green Belt


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1284   PostPosted: Mon Jun 24, 2013 11:45 am    Post subject: Reply with quote

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 wrote:
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
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shashangan
Green Belt
Green Belt


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1285   PostPosted: Mon Jun 24, 2013 2:02 pm    Post subject: Reply with quote

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
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ritapandit25
Black Belt
Black Belt


Joined: 04 May 2013
Posts: 2926

Post: #1286   PostPosted: Mon Jun 24, 2013 4:38 pm    Post subject: Nifty View Reply with quote

shashangan wrote:
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 wrote:
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


Once again Your given Target hit. Excellent Sir. Thanks.
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shashangan
Green Belt
Green Belt


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1287   PostPosted: Mon Jun 24, 2013 10:16 pm    Post subject: Reply with quote

Thanks Rita,

Hope my Buy call also comes right.

Regards,
Gautham Shashangan
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satishkadam
Yellow Belt
Yellow Belt


Joined: 01 Apr 2010
Posts: 805

Post: #1288   PostPosted: Tue Jun 25, 2013 12:26 am    Post subject: Reply with quote

Hi

Whats your view on BNF now...

as it touched low of 11132....

Is there further fall....

Thanks
Satish artist
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shashangan
Green Belt
Green Belt


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1289   PostPosted: Tue Jun 25, 2013 7:53 am    Post subject: Reply with quote

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
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shashangan
Green Belt
Green Belt


Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #1290   PostPosted: Tue Jun 25, 2013 2:28 pm    Post subject: Reply with quote

Mkt looks still up.

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

June Bank Nifty @ 11350

Thanks
Gautham Shashangan

shashangan wrote:
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


shashangan wrote:
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
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