iCharts Discussions

shashangan · Posted: Thu Jul 04, 2013 3:00 pm Post subject:

Like I had mentioned mkt can try 5875 before close today, you can see Mkt just tricked everybody with a sudden fall breaking open & now breaking high to confuse & trap both intra day longs & shorts.

If anybody still holding longs you can again book profits between 5853- 56 for now & replace it lower.

Immediately the mkt is still up, but just a caution, the mkt is nearing a correction top, so stay careful with your longs. Be prepared to reverse your entry tomorrow or Monday. I shall confirm as I feel the top.

I can be wrong.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Jul 05, 2013 9:16 am Post subject:

Target achieved, Book all your profits for now.

5896 has a small resistance. Let's see if the mkt can hold here till noon. It looks like testing 5920 around possibly.

We need to see post lunch what happens.

Good luck
Gautham Shashangan

rsnerella · White Belt Joined: 30 Jul 2008 Posts: 153

shashangan · Posted: Fri Jul 05, 2013 9:42 am Post subject:

Thanks Nerella

Around 5920 - 5862 could be the range till 1 pm. An extention down could be around 5846.

Below 5825 caution. Max upside could be around 5935 if extended.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Jul 05, 2013 2:08 pm Post subject:

If I am not wrong, NF should make one more low around 5862-60 & go to min 5920.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Jul 05, 2013 3:49 pm Post subject:

I may not be there from Monday. Not sure of my schedule from next week. Have a very busy month with lot of outstation trips. Just giving my view in advance.

If I am not wrong Mkt has made the top or is possibly near the top. It can take a turn on Monday or surely Tuesday according to me.

You can short NF between 5921-24. I think the max mkt may try, would be 5933-38 region before reversing. I dont see any chance mkt going beyond or crossing 5990 even if it extends for any reason doubtful to me though.

Next week can be a bear close, NF can try minimum below 5775. If mkt has to go up it will take a turn from here or may be from 5690 around, if not the bear trend will continue to 5460 / 5402 / 5325.

Will see if I can update in between if I get chance to see mkt

Regards,
Gautham Shashangan

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

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

shashangan · Posted: Fri Jul 05, 2013 6:08 pm Post subject:

Satish,

Between 11555-590 possibly could be the level to short. I dont see mkt going beyond 11655 which is also doubtful & only an extension.

Only if mkt crosses 11715 strongly there is a worry. You should see 11235 by late Monday or Tuesday for sure followed by 11050.

If it goes through previous low there could be lot of stop selling initiating to 10775 area target immediately.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Jul 05, 2013 7:06 pm Post subject: Re: Nifty Analysis

It's my pleasure Rita.

Regards,
Gautham Shashangan

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

Got net access, so thought updating

Mkt as I was hinting is near top from Thursday is probably right.

For now NF is sideways to down till 1 pm. Mkt may consolidate & slowly try 5770 5762 5755 till 1.30 pm i think.

Mkt may struggle to climb above 5796. If extended Max 5822 on the upper side where sellers should sell strongly.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Jul 08, 2013 1:36 pm Post subject:

Place an order to Short NF Between 5824-27 with stop 5862. Target open. Min possible 5805 / 5795 around.

Regards,
Gautham Shashangan

jk99 · White Belt Joined: 20 May 2013 Posts: 81

shashangan sir
is it for intraday

shashangan · Posted: Tue Jul 09, 2013 1:47 pm Post subject:

Sorry JK99,

I didn't see the msg. I was in a training. It was for Intra day, but if mkt had gone down we could have held it.

Same today, just got time between lunch to have a glance at mkt, so updating.

Place an order to short NF between 5876-80 with tight stop 5908 or safe stop 5936. Tgt open. Min Tgt 5830.

Regards,
Gautham Shashangan

saumitra · White Belt Joined: 04 Feb 2010 Posts: 6

Whats your view now?