iCharts Discussions

shashangan · Posted: Mon Oct 29, 2012 12:54 pm Post subject:

sorry about the dip.

I am playing mini, so holding. I play long term, there could be one more low before it corrects up

Gautham Shashangan

acharyams · Yellow Belt Joined: 04 Jul 2010 Posts: 552

shashangan · Posted: Mon Oct 29, 2012 1:15 pm Post subject:

I just started trading today. I normally buy 2 & exit one for intraday. I am holding one now.

There is one more low though before it again pulls back. will take some time. Will update.

Thanks
Gautham Shashangan

acharyams · Yellow Belt Joined: 04 Jul 2010 Posts: 552

shashangan · Posted: Mon Oct 29, 2012 1:50 pm Post subject:

There is strong selling of Rupee happening. Rupee looking weak for now since Euro is also showing weakness in trend against $.

Think Nifty has bottomed for now. will give one pull back.

Gautham Shashangan

shashangan · Posted: Mon Oct 29, 2012 1:55 pm Post subject:

Intra day - Buy Nov Nifty @ 5684 to 81 stop 5674. Target min 5705 & above

Gautham Shashangan

acharyams · Yellow Belt Joined: 04 Jul 2010 Posts: 552

shashangan · Posted: Mon Oct 29, 2012 2:06 pm Post subject:

Looks ok for now. There could be one more dip lower but very remote chance
. Place for one definitely. The other one if u want to risk keep it naked.

Gautham Shashangan

shashangan · Posted: Mon Oct 29, 2012 2:13 pm Post subject:

Did u buy the 2nd lot, if so where.

Gautham Shashangan

shashangan · Posted: Mon Oct 29, 2012 2:18 pm Post subject:

If you got a good buy lower exit one at 5701 & another @ 5703 just to be safer. Mkt may again get into a side way range mode. I will try give you some other good entry to make a reasonable profit later.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Oct 29, 2012 2:42 pm Post subject:

Seems still fine. Also the stop. Leave it there, dont change. You will get an exit.

Thanks
Gautham Shashangan

acharyams · Yellow Belt Joined: 04 Jul 2010 Posts: 552

shashangan · Posted: Mon Oct 29, 2012 3:00 pm Post subject:

The lower side looks almost over for this move. Should try around 5705-10 area for this pull back I think. Let's see near closing what's the buying pressure

Thanks
Gautham Shashangan

acharyams · Yellow Belt Joined: 04 Jul 2010 Posts: 552