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Nifty Analysis |
shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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Post: #136  Posted: Wed Nov 21, 2012 10:53 am Post subject: |
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Just a Reminder. This time I didn't want to be wrong by giving intra day shorts, wanted to stay long with the main bullish trend though mkt was weak. I can still be wrong & look stupid being over confident & posting this, but my analysis says there will be a new high in December, so dont want to use any if's & buts. Book your longs on intra day tops & replace the buys on correction should be the strategy. Place stops if you going short
kasam se, Kasab ka hai din, dekho zara, yeh govt ki deewanapan socho zara, tum jao akhele, moo me lekhe khele, maza aa raha hai, kasam se
Yeh Bharat mata ki godi, dev deviyon ki hai kaan, Ek saath sab milkar bolo Vandematram. asuro ko hamaare punya dharti par rehna ka koi ijazat nahin hai. Kasab jaise har Rakshas ka hua he anth. Shanti, kranti ka anupam sangam ka desh hai hamara, Bharat Bhagya vidhata. JAIHIND
Good luck
Gautham Shashangan
20th Nov 12 Yesterday after close | shashangan wrote: | I think most probably Nifty is bottomed. It may just give one final dip doubtful though, before launching off. I could be wrong though. Do your own analysis & play cautiously.
Let's see, what happens tomorrow. Good luck.
Thanks
Gautham Shashangan |
19th Nov 12 Monday Trade stategy | shashangan wrote: | Bought 1 Nov 5900 Call @ 1.50
Bought 1 Dec 6000 Call @ 8.10
Remember my Buy of options is for hedging my future positions, though the options itself can give small profit.
My purpose of Buy is to short 2 mini futures in Nov & 2 or 3 mini futures in Dec, when mkt gets above 5900 & 6000, keeping the calls open as a hedge to my futures entry. I mostly play options for hedging than making profit with options. Also the premiums are quite cheap & worth the risk.
Overall People rarely make money by playing only options, unless the investor is a extremely good analyst who can predict sharp short term moves. Long term option buys loses on time premium.
So if you really wanna make money you should learn to play options with futures as a combination to balance out your risk & playing both short term & medium term. Though if mkt doesn't get there in time as per your expectation, you can lose the premium. But the biggest advantage is you don't have to place a stop & you can play multiple entries for both short & medium term. I am hoping I come right.
Buy options preferably on Mondays, since the premiums reduces a bit on weekends or after a long holiday.
Good luck
Gautham Shashagan |
16th Nov 12 Friday after close | shashangan wrote: | Sorry Dharmesh & acharyams,
I was on a long holiday with family. Was busy with some personal affairs.
Anyway was checking the weekly close. Thought of posting my view.
Like I had mentioned before play cautious, November will be a choppy mkt. Though I hinted a sharp correction, the reversal just slipped out of my hand.
I am not able to give full focus on intraday due to my various other activities, so I am at times going wrong on intra day. After mkt close I get time to sit & thoroughly to work out everything & do my analysis, so my long terms are coming right. I wish my work load is not there. I have to focus on my business for my bread.
Anyway, I am here again to caution everybody, Don't be surprised to see a short rally again. According to me, The mkt is around the bottom again. Near 5530 could be the max bottom. Long term players can buy on further dips.
The mkt is around reversal levels. It will target around min 5875 & 5900 area towards end of this month or by 1st week of December. Dont get trapped.
I could be wrong tho, Play mini if you dont want to risk, play safe.
Good luck & Enjoy your weekend
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #137 Posted: Wed Nov 21, 2012 12:58 pm Post subject: |
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The Nov can take a turn for a new high before 14.30 hrs. from here 5597 region. lower side max 5587
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #138 Posted: Wed Nov 21, 2012 2:07 pm Post subject: |
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Nov Around 5618-22 may give a small intra day correction. If you have multiple entries can book partial profits to replace lower. Hold on to long term entry
Gautham Shashagnan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #139 Posted: Wed Nov 21, 2012 2:50 pm Post subject: |
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Nov. If mkt holds around 5613-10 region, then it may go back to break high & close very strong.
Let's see
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #140 Posted: Wed Nov 21, 2012 5:38 pm Post subject: |
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PFA Chart. Play with a plan, play safe. Use Protection.
Good luck
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #141 Posted: Thu Nov 22, 2012 9:12 am Post subject: |
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Good morning Nifty.
Mkt opening approximately 10-12 points above.
5615-45 opening range for Nov.
Happy trading
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #142 Posted: Thu Nov 22, 2012 9:56 am Post subject: |
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Nov Nifty expected to give a small intra day correction from around 5649-53 region for now. Mkt still looking overall bullish though, should pull back up after correction.
Gautham Shashangan |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #143 Posted: Thu Nov 22, 2012 10:28 am Post subject: |
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| shashangan wrote: | Nov Nifty expected to give a small intra day correction from around 5649-53 region for now. Mkt still looking overall bullish though, should pull back up after correction.
Gautham Shashangan |
What is the buy area now? |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #144 Posted: Thu Nov 22, 2012 10:42 am Post subject: |
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| shashangan wrote: | PFA Chart. Play with a plan, play safe. Use Protection.
Good luck
Gautham Shashangan |
good analysis, more action drama is on the course it seems> |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #145 Posted: Thu Nov 22, 2012 10:50 am Post subject: |
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Could be a buy here 5620 area, but waiting for clear confirmation. If you dont mind 10-15 points go ahead buy.
Gautham Shashangan
| acharyams wrote: |
What is the buy area now? |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #146 Posted: Thu Nov 22, 2012 10:51 am Post subject: |
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| shashangan wrote: | Could be a buy here 5620 area, but waiting for clear confirmation. If you dont mind 10-15 points go ahead buy.
Gautham Shashangan
| acharyams wrote: |
What is the buy area now? |
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spot figure, na? |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #147 Posted: Thu Nov 22, 2012 11:05 am Post subject: |
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I think 5619-15 area could be a buy.
I feel there should be a couple of breaks higher, before mkt calming down for today. You should be ready to exit on new high, since that break would be to trigger & swallow some stops, since many people would enter with stop buys at new highs, but you should exit. Anyway still early to say. I am trying to abstain from giving any impulsive calls. Want to confirm trends & then give my view.
I am not fully sure of the next move. Just if you dont want to risk place a stop @ 5609-05.
Gautham Shashangan |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #148 Posted: Thu Nov 22, 2012 11:13 am Post subject: |
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| shashangan wrote: | I think 5619-15 area could be a buy.
I feel there should be a couple of breaks higher, before mkt calming down for today. You should be ready to exit on new high, since that break would be to trigger & swallow some stops, since many people would enter with stop buys at new highs, but you should exit. Anyway still early to say. I am trying to abstain from giving any impulsive calls. Want to confirm trends & then give my view.
I am not fully sure of the next move. Just if you dont want to risk place a stop @ 5609-05.
Gautham Shashangan |
all r spot or nf figure? |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #149 Posted: Thu Nov 22, 2012 11:18 am Post subject: |
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I have been giving only November as of now, will switch to Dec from Monday.
Gautham Shashangan
| acharyams wrote: | | shashangan wrote: | I think 5619-15 area could be a buy.
I feel there should be a couple of breaks higher, before mkt calming down for today. You should be ready to exit on new high, since that break would be to trigger & swallow some stops, since many people would enter with stop buys at new highs, but you should exit. Anyway still early to say. I am trying to abstain from giving any impulsive calls. Want to confirm trends & then give my view.
I am not fully sure of the next move. Just if you dont want to risk place a stop @ 5609-05.
Gautham Shashangan |
all r spot or nf figure? |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #150 Posted: Thu Nov 22, 2012 11:25 am Post subject: |
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Seems ok. I have a bought @ 5618.60 in Nov Mini. but I have a put cover.
For others, just place the stop as mentioned to be safe.
Same view.
Gautham Shashangan |
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