iCharts Discussions

shashangan · Posted: Mon Aug 19, 2013 7:20 pm Post subject:

Thanks Lucky, Hope my upside target also achieves by tomorrow.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Aug 19, 2013 7:31 pm Post subject:

Vinay, if it opens around same price or even higher & if it goes up immediately after open higher without breaking 5395 NS it's possible.

Let's see.

Thanks
Gautham Shashangan

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

shashangan · Posted: Mon Aug 19, 2013 7:51 pm Post subject:

I feel INR will top out between 63.30 - 63.60 region. Max 64 if extended.

Rupee will soon give a good pull back.

Min range 64 - 61 for at least a month.

It may try above 64, but only by October again. I can be wrong.

More than Rupee it's the Bank Nifty which can play the spoil sport. It's still overall bearish. Will take almost a month possibly to bottom out. Immediate support around 9000 spot basis. Will go quite below 9000 in coming days or weeks.

Regards,
Gautham Shashangan

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

my reading is that banknifty may bottom out around 8700 and nifty will fall more due to fall in other sectors such as pharma, oil&gas and FMCGs

shashangan · Posted: Tue Aug 20, 2013 8:46 am Post subject:

Mkt seems like opening lower.

NF 5348 - 44 region or if it opens below could be the buying level. Lower supports are 5322- 18, followed by 5303- 5299, 5273- 69, 5253-49.

Today's immediate Tight stop can be 5316 & next stop below 5290

Regards,
Gautham Shashangan

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

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

gautham, pl replace 4 by 5. Laughing

saurabhkurichh · White Belt Joined: 30 Oct 2006 Posts: 127

vinay

shashangan · Posted: Tue Aug 20, 2013 9:03 am Post subject:

Sorry Corrected. Just a shock treatment.

Regards,
Gautham Shashangan Twisted Evil

shashangan · Posted: Tue Aug 20, 2013 10:26 am Post subject:

Book partial profit @ 5377 + to replace lower. Move your stop to 5316 for rest.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Aug 20, 2013 12:17 pm Post subject:

Place an order to book profits again between 5408-12 area. If we get lower we shall replace buy seeing the trend.

Thanks
Gautham Shashangan

[quote="Mkt seems like opening lower.

NF 5348 - 44 region or if it opens below could be the buying level. Lower supports are 5322- 18, followed by 5303- 5299, 5273- 69, 5253-49.

Today's immediate Tight stop can be 5316 & next stop below 5290

Regards,
Gautham Shashangan[/quote][/quote]

shashangan · Posted: Tue Aug 20, 2013 1:45 pm Post subject:

High Risk trade

Place an order to Buy NF @ 5353-50 with tight stop 5333 or 5316. Tgt Open

Dont play without stop.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Aug 20, 2013 2:45 pm Post subject:

Book partial profit @ 5402-05 to replace lower. Move your stop to 5357 (cost) for rest.

If it goes through 5420 sharply many buy stops can trigger to take it to 5490-5500 area.

Regards,
Gautham Shashangan

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