iCharts Discussions

shashangan · Posted: Wed Aug 14, 2013 10:05 am Post subject:

NF 5727-31 on the upper side & 5695 on the lower side could be the approximate possible range till noon.

5738-42 is the immediate resistance followed by 5753 around & 5771 around.

Regards
Gautham Shashangan

shashangan · Posted: Wed Aug 14, 2013 12:39 pm Post subject:

Mkt has possibly corrected. People who want to risk can buy NF @ 5704-02 with stop 5688.

NF will try min 5752 by 2 pm around, followed by possibly 5771 area & close higher. Intra day shorts need to be careful not to hold for big profits, if they are short.

Good luck
Gautham Shashangan

shashangan · Posted: Thu Aug 15, 2013 1:47 pm Post subject:

NF looks possibly up for the moment, targeting 5773-78 region followed by 5812-17, 5862-68, 5935 around

5737-33, 5668-66 region 5620-14 are the supports.

Overall mkt is possibly still bearish since Bank Nifty to me is looking will again take a turn down to break lows & spot basis 9537-34 region possibly could be the overall downside target for now.

The key first target 10060-80 region mentioned is already achieved. Stay watchful at the next resistance 10165-80 which becomes key for a turn around, Above this resistances are at 10210-20 region & 10270-85. The mkt has rock solid resistance at 10340 region.

Enjoy your weekend
Gautham Shashangan

shashangan · Posted: Fri Aug 16, 2013 11:26 am Post subject:

High Risk Strictly Intra day -

Place an order to Buy @ 5574.85 with stop 5653. Target open.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Aug 16, 2013 12:01 pm Post subject:

Book partial profit @ 5596.40 & move your stop to cost for rest.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Aug 16, 2013 12:37 pm Post subject:

Off late Bank Nifty has been quite clear to me. Both the targets 10060 + & 9535 around achieved. Low showing 9522.

Feeling there could be a pull back to 9667-70 region.

Please note, for Bank Nifty I have a chart for spot so most of my calls for BN would be in spot & Nifty in futures.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Aug 16, 2013 1:31 pm Post subject:

High Risk Strictly Intra day -

Place an order to Buy NF @ 5561.25 with stop 5538. Target open.

Place an order to Buy Bank Nifty spot basis @ 9495 with stop 9302.

Regards,
Gautham Shashangan

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

Gautam: I do not at all agree with you in going long today.
Why? In 5TF NF came back to 15ema only around 1200, stayed hugging it for 1 hr and again zoomed down. Super super down trend. Much better to take high of any pullback to again short!
Jai Hind, Prakash Holla

shashangan · Posted: Fri Aug 16, 2013 11:19 pm Post subject:

Hello Prakash,

You are right, just was trying my luck if I could at least catch 20-25 points. I was seeing Bank Nifty achieved my target, & the fall was around 200 points which is quite big for nifty.

Well in such fast big moves & one side sentiments I normally go wrong, but if you get one move right it will give you sometimes with in no time 50-60 points easily.

Anyway I got little impulsive, will be cautious from next time.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Aug 19, 2013 12:36 pm Post subject:

Place an order to Buy NF @ 5403.85 with stop 5338. Target open. Possible min target 5465-80 region by 2.30.

Regards,
Gautham Shashangan

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

Shashangan.. 5338 or 5388????

amitagg · Black Belt Joined: 01 Oct 2013 Posts: 4559

5338 i guess....5388 can be hit....average in small quanity around 5350 IF buying...no perfect timing can be given!!!...5300-5400 in BUY region fo NIFTY once it FIRST strikes this region

shashangan · Posted: Mon Aug 19, 2013 1:12 pm Post subject:

Badri / Amit I am expecting a strong pull back close. So there could be a very strong recovery of even 150 points from low. Min around 5465+

So a wide stop. 5338 is right. Around 5368-65 Nf could be a reversal point but I have recommended far, because the trend is strong.

Thanks
Gautham Shashangan

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

lucky143 · White Belt Joined: 15 Aug 2011 Posts: 48

good observation shashangan ! nifty now 5415 and low was 5367