iCharts Discussions

shashangan · Posted: Fri Sep 20, 2013 12:52 pm Post subject:

Place an order to short NF @ 6038-41 with 6078 stop. Tgt Open. Min Possible 5953 followed by 5926, 5903.

A strong break of 6002 soon will bring the bears back to play for Intra. A break of 5988 will target my upper said levels.

Regards,
Gautham Shashangan

[quote="satishkadam"]

shashangan · Posted: Fri Sep 20, 2013 1:47 pm Post subject:

Cover partial profit @ 5976-73 & move stop to 6021 & hold the rest

Regards,
Gautham Shashangan

shashangan · Posted: Fri Sep 20, 2013 2:32 pm Post subject:

Intra day players if you covered shorts Sell again @ 6010-13 with stop 6027. Min Tgt 5955-52

Regards,
Gautham Shashangan

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

shashangan · Posted: Fri Sep 20, 2013 2:43 pm Post subject:

Vinay,

It's close, but it's near closing time. See what's appropriate. May be 6042 is safer.

Thanks
Gautham Shashangan

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

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

I removed 15tf from previous reply since it increases the risk much more.

shashangan · Posted: Fri Sep 20, 2013 2:54 pm Post subject:

Well Vinay,

I dont know if it hit 6027. I am doing my own trades, but I have all locks with calls & puts, so I rarely play with stops so close. At times, Mkt moves very fast, & between my work at times I dont get time to check if it's appropraite. I feel the posting to time the entry is imp.t

so i request everybody to check all the stops yourself which is better & place it. My level is to get an idea

Let's see, i feel there is one more attempt near low.

Thanks
Gautham Shashangan

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

oh, I am not commenting because I am following your calls but it was just an observation. so don't worry. as of now it has reversed from 6027.30. so may be SL was almost correct

shashangan · Posted: Fri Sep 20, 2013 3:03 pm Post subject:

Yes, I understand

But it's very difficult to give the right stop. I try best to give the smallest risk. At times it can be too tight & close to trigger.

Anyway, Not a problem. Will try & take care what ever best I can. Also I have been making lot of mistakes. Just trying to catch the snake by its head & sit on it, so i know where it's going, to get the flow back.

Thanks
Gautham Shashangan

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

shashangan · Posted: Sat Sep 21, 2013 1:29 pm Post subject:

I think Dow Jones possibly has made a overall top for now.

I think we can expect a correction & for it to hold this high possibly for some time. You can expect a bear close for the month of October.

The immediate targets could be 14660 followed by 14500 around & 14323.
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USD/INR also looks near a low for it to reverse up. It should try min 65.50+ in the coming week according to me.

I have a feeling it will make another round of bull close for the month of October. Min upside would be near 68 & overall max 70.60- 70.75 on the upside.

Regards,
Gautham Shashangan

arvindeept · White Belt Joined: 25 Jun 2012 Posts: 107

Pretty much on same lines.............

USDINR tgt 70
Nifty tgt 4800 by dec 2013..........
dow jones WW bang on top!!!

arvindeept · White Belt Joined: 25 Jun 2012 Posts: 107

nifty 15 min chart for next week EW projection

shashangan · Posted: Sat Sep 21, 2013 7:21 pm Post subject:

Looking at the Dow & Nasdaq, let's hope it will open lower.

If NF opens lower & holds the high 6044 max it's good for shorts. You should get 5990 & can expect 5973 on the lower side.

If the move downwards is slow, Mkt may start to gear down from 5970-62 region & can struggle to get below 5953, that would be the sign of caution for reversal.

If NF is going to go up it will not go below 5940 max. If selling is strong & any sharp dips below 5930 will trigger some intra day stops for 5904-01 region & will open the gates for 5866, 5843, 5826.

Above 6075 will again bring longs to fight for gaining control. Above 6107 is bad for shorts & above 6120 stops will trigger.
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If bearish, Bank Nifty (Spot) Should not cross 10812 max. You should get 10536 & can expect 10485 area min.

You should start getting cautious from 10440. If it's going up it can hold 10409 max. It can extend upto 10334-27. If there is strong selling mkt will go down to 10219, 10071-67.

Regards,
Gautham Shashangan