iCharts Discussions

shashangan · Posted: Sat Aug 03, 2013 7:40 pm Post subject:

Hello Saumya,

Yes, there is a possibility it may make one more low, not necessary though. But If you get below 5675 up to 5667 NF, probably it's a good buy for the mentioned targets.

It's just my gut feeling, mkt may try up on Monday & probably close in green also.

It may come down at the open & break low & start the up move any time after 10.30 probably. Immediate Stops could be below 5630. Let's see.

I may be wrong.

Thanks
Gautham Shashangan

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

Thanks Gautham
I am also of the opinion that we may see a change (upmove) at 10.25 if not any earliar.

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

shashangan · Posted: Tue Aug 06, 2013 10:45 am Post subject:

Thanks Rita,

Have been continuously traveling. Just got back & a little free today. But have some personal work to finish. So shall check in detail again & update.

Anyway that was a wild guess on my own analysis & calculation just to give an idea. But I dont know if by this weekend the mkt would test those levels. Let's see.

Anyway you are also doing a good job, have been reading few of your posts. You are getting some of your calls dot on target. Keep it up & keep updating & you will become mkt's panditji.

Regards,
Gautham Shashangan

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

shashangan · Posted: Tue Aug 06, 2013 1:39 pm Post subject:

Rita, Every pandit was once a student. All I am saying is you are doing a good job & keep working on it to become a panditji with time.

Anyway NF 5617 - 14 could see some intra day buying for now probably. Mkt may try min 5645 around followed by 5665 around. Tight stop 5598. Safe 5585.

If anybody short can cover it to replace higher.

Regards,
Gautham Shashangan

badri2003 · White Belt Joined: 26 Nov 2006 Posts: 143

unfortunate shashanganji. my long sl trig below 5585. waiting for the next opp.

shashangan · Posted: Tue Aug 06, 2013 11:07 pm Post subject:

I am sorry Badri.

I generally dont say go Long if it's a bit risky & doubtful. But even other wise I go wrong many times, since I am almost always trying to pick a reversal against the running trend.

No doubt, The mkt is overall bearish & I feel NF should try min below 5460. But I am at times getting confused with intra day & short term moves & even Bank Nifty charts. Even now there is a small confusion for me that Bank Nifty has to correct above 10000 & consolidate before going lower, but the Nifty charts looks slightly different.

Anyway let's see. Hope you will recover the losses from my future calls.

Regards,
Gautham Shashangan

badri2003 · White Belt Joined: 26 Nov 2006 Posts: 143

It's nice of you and Ok Shashanganji. We are aware of your knowledge and this happens to everybody. Please keepup the good work.

shashangan · Posted: Wed Aug 07, 2013 10:57 am Post subject:

I somehow still feel Bank Nifty may start going up after 1 pm from possibly around 9640-20. The present low is 9660.

Looks far but I think Min Tgt could be 10095 followed by 10140 & above.

The correction up looks more clear to me in Bank Nifty than Nifty. But if BNF pulls up, NF should also follow is what I feel.

This is my gut feeling, but looking at the strong negative sentiment, I also have some skepticism in my mind too.

Thanks
Gautham Shashangan

shashangan · Posted: Wed Aug 07, 2013 2:51 pm Post subject:

So far so good.

If anybody did long at low levels, you can probably book partially around 5603-06 NF & BN Fut 9960-85 region.

The mkt may probably open a little higher & hold higher till noon tomorrow also possibly.

Regards
Gautham Shashangan

shashangan · Posted: Thu Aug 08, 2013 12:50 pm Post subject:

Place an order to Short NF @ 5593-96 stop 5620. Tgt Open. I could be wrong, but guessing Minimum possible 5545 before 2.45 pm, followed by 5515 & 5505.

Regards
Gautham Shashangan

shashangan · Posted: Sat Aug 10, 2013 12:00 am Post subject:

shashangan · Posted: Tue Aug 13, 2013 9:57 am Post subject:

Spot Bank Nifty has achieved my target mentioned between 9586-76 area. As per my time analysis which I had mentioned long back Mkt can bottom around Aug 9th is another reason to keep our eyes open. Though NF lower levels has not be achieved, we need to stay cautious of any strong pull back from now.

As per my Time Analysis it's indicating this week a possible reversal buy, so there is possibility for Nifty to bottom & pull back up & close.

Spot Bank Nifty showing possibility of pulling up to my resistances mentioned. 10060-80 region is the key.