iCharts Discussions

shashangan · Posted: Mon Jul 29, 2013 10:17 pm Post subject:

Thanks Satish,

Below 10020 & below 9870 could be the immediate minimum targets for BNf in August. Mkt may try 9630 & 9440 also if there is no strong pull backs soon.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Jul 29, 2013 10:25 pm Post subject:

I am tied up with lot of work Prakash,

I am traveling from 1st for a week again. I also get carried away sometimes when not tracking mkt.s closely. I am trying to take time to thoroughly understand & post than just posting for the sake of posting. So holding back my impulses not to post without proper analysis. Still I get a few wrong due to intuitive analysis & posting.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Jul 29, 2013 10:31 pm Post subject:

Thanks Biznet,

I am happy you made money from my posts.

Regarding Renaming, it was in fact Shashangan's Nifty Analysis in the beginning. The moderators felt something with my name & removed it probably I think. Well it's their site & choice to change it, if they feel appropriate.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Jul 29, 2013 10:35 pm Post subject:

It's my pleasure Mogili,

I enjoy analyzing mkt.s & doing my posts. Well it's long since I stopped depending on mkt.s for my living, unless you have some other passive income & a few crores stacked up in your Bank a/c. So I am also trying to focus on my business & my active income.

I shall try & post as & when I am watching mkt & have net when traveling.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Jul 29, 2013 10:38 pm Post subject:

Thanks Rita,

Still having hectic schedule for August. So will be on & off.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Jul 30, 2013 8:54 am Post subject:

Mkt looks like opening marginally higher possibly around 5890.

Mkt has possibility to try 5935 & around 5960-65 region. Hoping mkt to stay positive till 1 pm.

My targets may miss sometimes & I may be busy to update on some early top or bottom. I need not be always right. Keep locking your profits as mkt.s move or take your call on exit.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Jul 30, 2013 2:17 pm Post subject:

Mkt looks down since NF could not hold on to the small surge above 5900.

For now 5803-5799 around can see some intra day buying & profit booking. Mkt may again break the low tomorrow.

I again mention if you take entries on my posts, lock your profits by placing a stop at cost or minimum profit as mkt shows 15-20 pts profit or close where you feel appropriate.

Below 5775 stops.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Jul 31, 2013 9:56 am Post subject:

5694-90 is the immediate target for this trend

If there is a pull back stay watchful at immediate resistances which is around 5754 & 5774 important. It may max go to 5787-94 region if extended, where there could be heavy sellers.

It has to climb above 5835 & hold for it to temporarily reverse the trend, looks very unlikely to me.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Jul 31, 2013 3:10 pm Post subject:

Strictly Intra day - Place an order to short NF @ 5793-95 with tight stop 5806 or safe 5827. Tgt open. Min possible 5702 tomorrow

Regards,
Gautham Shashangan

shashangan · Posted: Wed Jul 31, 2013 7:44 pm Post subject:

My outlook for the next immediate moves, since I wont be there for the rest of the week as I am travelling.

NF 5796 could be a good sell tomorrow, if you get at open. Max high could be 5806-08. If extended mkt may try 5822-26 doubtful though.

Above 5905 a few stops will trigger & slow the bearishness. Long term Bears need to worry only if Nf gets above 5970.

If I am not wrong Min Tgt could be 5720-15 tomorrow afternoon, followed by 5702 & 5691.

Mkt may start sideways consolidation & correction from 5695 - 5667 region.

Shall try & update if I get internet & time.
Good luck
Gautham Shashangan

mogili · Green Belt Joined: 29 Jan 2013 Posts: 1025

shashangan · Posted: Fri Aug 02, 2013 7:49 pm Post subject:

Thanks Mogli

Regards

Gautham Shashangan

shashangan · Posted: Fri Aug 02, 2013 7:57 pm Post subject:

Targets achieved.

Not sure if I will be there on Monday. Just had a quick glance. So thought of posting.

Like I had mentioned NF may get in to a consolidation phase. I have a small feeling. Mkt may probably bounce on Monday. Buyers may enter below 5675 for a small pull back to 5730+ region. There is a small possibility of mkt testing 5770-75 region too.

Bank Nifty may see some small short covering & profit booking from anywhere below 9850 to target 10250 possibly. 9863 is the low presently showing.

I could be wrong.

Thanks
Gautham Shashangan