iCharts Discussions

shashangan · Posted: Mon Sep 23, 2013 10:29 am Post subject:

If you dont want to risk, Cover Shorts for now @ 5953-51 Sept. There could be some correction possibly.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Sep 23, 2013 12:16 pm Post subject:

There is a small possibility mkt may reverse from 5911-09 (Sept) levels.

Regards,
Gautham Shashangan

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

shashangan · Posted: Mon Sep 23, 2013 1:09 pm Post subject:

Thanks Prakash,

You are right, But that's how I trade.

Book partial profits around 5929 if you long, if NF struggles to climb here, it can come back for one more stop hunt around 5895.

Thanks
Gautham Shashangan

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

shashangan · Posted: Mon Sep 23, 2013 1:57 pm Post subject:

Buy from 5895-93 Sept with stop 5840

Regards,
Gautham Shashangan

shashangan · Posted: Mon Sep 23, 2013 2:50 pm Post subject:

If you want to be safe, Pull up stop to break even, it's your call where to place stop & where to exit.

Min Tgt 5935, Possible 5949-54, close 75% EOD.

Break of 5926 more buying will come in hopefully.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Sep 23, 2013 6:53 pm Post subject:

Hello Prakash,

I understand your concern. I appreciate it.

But I am so used to trading against the trend, It is very hard for me to enter a running trend, once I miss the bottom or high.

I was stuck with a few things, so didn't get time to figure out your analysis. Also I update a couple of other places, & few people on chat & my work, so it's at times hectic to handle all.

I said that's how I trade, since that's actually how I am used to trading & I think even you know, I always try to pick the top or bottom.

I was just trying to understand what you were saying now, since I just got to check your view. So Kindly, No offense. You & everybody is always welcome to share your views, since it gives me a chance to look into your mind too.

Regards,
Gautham Shashangan

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

True after observing markets year on year we get to know specific points for reversal even intra day in a countertrend trade.....

ihave that mentality also....but it has lead me to take higher risks and smaller profits ...and also averaging..

i am trying to change my psychology to capture the main "day trend" for larger profits.......

pls note that markets NEAR ALWAYS fall from morning to end in case of a gradual decline without significant pubbbacks...........hence earlier i used to enter countertrend trades during the day.s

PLEASE NOTE: since this is fact that such trades should PREFERABLY be taken near 3.00 pm or so or or later... and profits can come next day...

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

shashangan · Posted: Mon Sep 23, 2013 7:41 pm Post subject:

Mkt looks possibly near term bearish, but not yet, very clear to me.

If Sept gets to 5952-54 it is a level to watch, where shorts can enter. There is a small possibility for an upper extension to 5988-93 (early to confirm).

Expect minimum 5903 on the lows. A break of 5887 & 5865 can trigger strong selling possibly to 5812-09 followed by 5777-72 region.

Upper Resistance is 6018-22. A break of 6048 will bring the bulls back to fight. A strong break or close above 6060 will give the bulls an upper hand.

Good luck
Gautham Shashangan

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

shashangan · Posted: Wed Sep 25, 2013 1:04 pm Post subject:

Place an order to Buy Sept 5823-20 with stop 5746. Min Intra day Tgt 5848 & 5863-66.

If mkt move is strong & sharp expect 5900-03 followed by 5954 & 5975 tomorrow, if the pull back is strong. I repeat, only if the move up is strong & if it breaks 5878

If you can risk a little more Buy Sept 5800 (around 51.50) or Sept 5900 call (near or below 13) Near today's low.

Regards,
Gautham Shashangan

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

yes done. market can touch 5805 ..ie break low and then go up for few points.....

shashangan · Posted: Wed Sep 25, 2013 2:57 pm Post subject:

Book Partial profit @ 5895-99 & scale up your stop & hold rest.

Regards,
Gautham Shashangan