iCharts Discussions

shashangan · Posted: Fri Sep 06, 2013 2:49 pm Post subject:

Hold on for the next level to enter till I mention. I am sitting today watching the mkt & chasing & hunting the mesmerizing beast.

Pray the Hunter doesn't get hunted. So you dont have to sing this song, Shikari khud yahan Skikaar ho gaya. Na jaanu mein, Na jaane woh. Aha! Jawani Janeman Hasina Dilruba Nifty.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Sep 06, 2013 2:56 pm Post subject:

Guessing one more round closing stop hunt to set the panic button for shorts to bail out.

Place an order to Short NF @ 5702-06 with stop 5747 or 5765. Tgt open. Min intra day possible around 5655.

Sell Bank Nifty also near the highs 9975-95 future I guess, with appropriate stops. I feel BN looks more vulnerable to break low in this contract itself.

Regards,
Gautham Shashangan

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

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

i am dividing shorts into 4 blocks - 25% each at 5700, 5750, 5800, 5850....shall add 25% above 100% at 5850 Smile

so not much leverage now....shall add or see after 3 days..right

all i know is that shorts at 5700 NF and above are in my view, "very high probability trades, even in case of gap up opening, inverse head and shoulder, etc.

shashangan · Posted: Sun Sep 08, 2013 10:56 am Post subject:

Bank Nifty Spot 10285-300 & 10340-60 is the next reversal point. Mkt should not cross 10645-75 range for the low breaking to happen faster.

Even if mkt goes up, you should get a correction to minimum 9845-15 area followed by around 9275.

Though early 8626-05 could be the overall min target on the lower side.
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NF immediate Resistance is 5715-20, 5758-62, 5772-76 (Intra day stops) above this will slow down bearishness, 5820 & 5865

A break of 5775 Aug will take the mkt to 5850+ But you should get minimum 5685-81 followed by 5621- 16, 5589-82 & 5554-50 region again even if it goes up

Lower supports are 5521-16, 5480, 5355-52.

5220 could be the overall target on the lower side.
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The way I look at mkt is quite different from most analysts & at times with the confidence I give calls can also make others defensive or confused.

Kindly do your own analysis & Remember, I am human & can also go wrong. The only wise thing to do, when you follow my calls, is to play with discipline understanding your risk. Like always I suggest to keep bare minimum positions when you do medium to long term trades.

Preferably averaging has to be done in a gap of 100-150 points for small players, If not with patience my entry points normally has given exit for the 1st entry itself even if mkt goes against by 200 points.

I dont want your dua if I go right & I also dont want your buddua, when I go wrong. I am saying all this, generally most People are programmed to criticise & curse when others make mistake. Your profit is yours, I dont need a share out of it, so is your losses.

Good luck,
Gautham Shashangan thx

shashangan · Posted: Tue Sep 10, 2013 1:42 pm Post subject:

Place an order to Short NF @ 5871-75 with stop 5921. Tgt open. Min possible around 5800 followed by 5770.

Next Resistance 5898 - 5904.

Regards,
Gautham Shashangan

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

yours both excellant timing and call ...lets see...just my view.

kishjk7551 · White Belt Joined: 26 Jan 2008 Posts: 293

shashangan · Posted: Tue Sep 10, 2013 3:02 pm Post subject:

Kish I always suggest entry for Nifty in Nifty futures (NF).

Regards,
Gautham Shashangan

shashangan · Posted: Thu Sep 12, 2013 12:32 pm Post subject:

NF 5920 & 5872 are intra day break out levels.

If 5872 breaks before breaking 5920 expect around 5845 immediately. The possible target should be 5815-10 region followed by 5775.

If 5920 breaks it will go back to highs.

Thanks
Gautham Shashangan

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

shashangan · Posted: Thu Sep 12, 2013 1:07 pm Post subject:

Satish as per spot 9924-09 is the minimum first target followed by 9867-63 region, 9766, 9665-52.

Mkt has turned bullish near term. overall near 10500 levels need to be watched if shorts will enter.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Sep 16, 2013 8:58 am Post subject:

There is immediate strong Resistance at 5998-6002. Let's see if it will hold.

The next resistance upside is 6025, 6045, 6057-60 region followed by 6085-95, 6120.

Regards,
Gautham Shashangan

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

shashangan · Posted: Mon Sep 16, 2013 9:23 am Post subject:

I think so Satish, but wait till 11 am. I want to watch for some time. There may be one more high post 10.30.

Regards,
Gautham Shashangan