iCharts Discussions

shashangan · Posted: Tue Aug 20, 2013 3:03 pm Post subject:

Thanks Prakash

Regards,
Gautham Shashangan

shashangan · Posted: Tue Aug 20, 2013 7:10 pm Post subject:

Hopefully Dow looks like closing in green today. So mostly Nifty & Bank Nifty may open higher tomorrow.

9645-50 is the min. pull back target for Bank Nifty spot basis.

Just a guess. Let's see what happens.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Aug 21, 2013 9:23 am Post subject:

Like I was mentioning there is a strong pull back around the corner, thankfully it has come.

Both Targets Achieved.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Aug 22, 2013 8:28 am Post subject:

People who want to take a chance Buy Aug 5500 & 5600 Call today.

Mkt.s can be choppy for minimum next couple of weeks. Small stops can be taken out swiftly.

Trying to take a guess of trend, in this panicked uncertain Mkt.

According to me there is possibly one more dip morning. NF 5239-32 region could probably see some buying. 5210- 06 area could be the lower target if extended.

Next supports at around 5192, 5170, 5155.

Minimum target after today's low can be 5299-5303 area followed by 5318-22. The next Resistances are 5340-43, 5368-73, 5398, 5438 area. In to Thursday & Friday, there is all possibilities of more action, emotion, drama & heart swings.

9650 area can be re-visited by Bank Nifty (Spot).

Medium term trend is possibly still bearish till September. The overall Target till 1st week of Sept for Nifty Futures is 5140-35 area & for Bank Nifty (Spot) is 8150. There can be strong pull backs when around these levels hit.

This is just an advance picture for the wounded. I can be wrong. Shall update if I am there in the mkt.

Good luck
Gautham Shashangan

shashangan · Posted: Thu Aug 22, 2013 1:02 pm Post subject:

If anybody bought 5500 Call at open can book it around 29 & above. You can again buy on dips

& for all the people who went long & holding long can book intra day profit for the moment @ 5382-84 region NF.

Regards,
Gautham Shashangan

satishkadam · Yellow Belt Joined: 01 Apr 2010 Posts: 805

shashangan · Posted: Thu Aug 22, 2013 1:09 pm Post subject:

Hello Satish,

For the moment, mkt is still up till atleast 2 pm, it may consolidate here. Let's see. Cant say anything. They can make a bull close for this week also. Play with extreme caution & appropriate stops.

Regards.
Gautham Shashangan

satishkadam · Yellow Belt Joined: 01 Apr 2010 Posts: 805

shashangan · Posted: Fri Aug 23, 2013 8:54 am Post subject:

NF looks opening more or less around same price. As per yesterday's close the immediate trend is up.

Today's resistance for nifty is at 5457-62, 5482-85, 5528-32, 5552-55, 5595-5600, 5614-18

Next supports are at 5369-67, 5356-53, 5326-20, 5310-07, 5297-94, 5269-65, 5237-32, 5195-90

Overall medium term trend is still bearish. Target 5140-35 till September.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Aug 26, 2013 11:02 am Post subject:

High Risk Strictly Intra day

Place an order to Buy Aug between 5464-60 with stop 5438. Min Tgt 5512 followed by 5528-32 region.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Aug 26, 2013 11:41 am Post subject:

Scale your stop to 5467-68 (Cost) from 5438 if you want to be safe.

Good luck
Gautham Shashangan

shashangan · Posted: Mon Aug 26, 2013 12:10 pm Post subject:

Book Partially or full profit based on your lottage @ 5494-95 & wait for next entry.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Aug 27, 2013 10:35 am Post subject:

Aug around 5370 low 5410-15 possible range till 12.

If extended lower 5355-50 max for now. Below it may be stops. Can be wrong.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Aug 27, 2013 12:14 pm Post subject:

Strictly Intra day - High Risk trade

Place an order to Buy Aug @ 5299-96 with stop 5273. Tgt open. Min possible 5352-55 area.

I am going with the trap psychology strategy of fooling people by suddenly taking the mkt to 5600. It's my gut feeling considering expiry around corner, I can again be wrong. Play minimum, play with stops, play with caution,. if not stay out till expiry.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Aug 27, 2013 1:44 pm Post subject:

If I am not wrong 5292-90 could be low & mkt should take off with in next 5 mins., for my feeling to come right.

Caution I can be totally wrong. Play with stop or stay out.

Good luck
Gautham Shashangan