iCharts Discussions

shashangan · Posted: Tue Sep 03, 2013 3:11 pm Post subject:

Strictly Intra day

Place an order to Buy NF again @ 5334-32 with stop 5318. Tgt Open. Dont enter after 15:22. Intra day players close before 15:26.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Sep 03, 2013 10:50 pm Post subject:

I am busy with a couple of training programs myself, so I wont be there tomorrow & Day after.

Mkts not very clear still, but taking a guess.

The immediate supports for NF are at 5320-17, 5309-07.

For H & S to work 5273-66 should be the level it should see some good amount of buyers for it to reverse up to target 5616-20 & 5659-67 region.

5353-56 is the immediate Resistance followed by 5411-15, 5495, 5550.

Strong break below 5250 you may see 5237, 5205 & 5193.

Good luck
Gautham Shashangan[/b]

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

Thanks.. I would then buy around 5271-5295 levels with stop at 5190...5230-5280 was gap area previous i guess...only think is if a gap up opening that trades would not trigger i guess

shashangan · Posted: Wed Sep 04, 2013 11:26 pm Post subject:

You are welcome Amit.

Unfortunately it didn't go below my first support. It had to trigger the stop below 5318-17 to take it lower. But anyway I was feeling the mkt will go up, you can see the mkt did reverse, that's the reason I have been trying to pick every bottom to long.

Well the mkt still looks up & I think around 5420 NF could be bought again, if you get with stops below 5363.

The max low should be around 5412. A worst extension would be 5400-5397 (doubtful).

The upper target remains same 5616-20 & 5659-67 region. A break of 5473-75 will trigger more stops again & can take the mkt directly to 5567-70 region without any major correction, If I am not wrong.

If my co trainer is available tomorrow to take my session, I might be free to update. Will know in the morning. Just thought of updating in-case am not there.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Sep 05, 2013 9:24 am Post subject:

If anybody holding longs partially book profit @ 5639-42 NF.

Regards,
Gautham Shashangan

SUNIL_PATIL_34 · White Belt Joined: 29 Sep 2009 Posts: 72

as expected this week mkt zooms!!!!

SUNIL_PATIL_34 · White Belt Joined: 29 Sep 2009 Posts: 72

shashangan · Posted: Thu Sep 05, 2013 9:56 am Post subject:

Yes Sunil good one.

I did say you are partially right. Only the double bottom part looked more a inverted H & S to me. I had also turned bullish.

Anyway Stay cautious with your longs from now on. Keep very thin longs. The mkt will give chakma anytime from tomorrow. Keep your eyes wide open there is a sudden hammering to follow in coming days to the surprise of many traders who will turn bullish now.

NF will try 5237-32, 5200 & 5175-70 with in 20th Sept again. Around 5670 start looking for entry to short, longs will be exposed to trap

Upside anywhere from 9700-9850 Spot Bank Nifty look for entries to short. 8240 can be the target followed by 8150-27

Regards,
Gautham Shashangan

shashangan · Posted: Thu Sep 05, 2013 11:34 am Post subject:

The mkt will again make an intra day high 5655-59 from around 5565 by 1.15 pm which possibly could be the top for the day.

Regards,
Gautham Shashangan

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

i hope still ...so that my sell orders from 5625-5675 Nf start kicking in....

shashangan · Posted: Thu Sep 05, 2013 2:32 pm Post subject:

I feel, It will still come Amit. Probably they want to close it strong.

Thanks
Gautham Shashangan

SUNIL_PATIL_34 · White Belt Joined: 29 Sep 2009 Posts: 72

todays nifty move is looks weak!!!
i m expectiong gap down tomorrow!!

yashrahul · Yellow Belt Joined: 29 Jun 2013 Posts: 512

All the factors are negative,rupee is going down,crude on the rise,CAD very high,GDP going down lower every quarter,just now i saw 10 year us treasury yield at 2.97,if one wanted any proof that we are in of the worst equity market scenario it is now.

Still the market is at 5592,i know it will come down in the coming days but still why in the first place did it come to this level and to top it all FII have bought 1100 cr today when the market has given a close of 5592 . Shocked

shashangan · Posted: Thu Sep 05, 2013 10:49 pm Post subject:

Not sure Sunil, I feel could be just around same.

Rahul Overall I feel Bank Nifty will break previous low again. Nifty may or may not, but there is one sharp fall which can happen soon according to me. Carrying overnight longs from here can be quite pricey.

shashangan · Posted: Fri Sep 06, 2013 8:57 am Post subject:

Mkt looking possibly to open with a slight gap up around 5635. I feel we may see a spike to 5656 NF, max 5667-70 & a good correction should follow to min 5560 around.

Let's see. Shall update when I feel an entry.

Regards,
Gautham Shashangan