iCharts Discussions

shashangan · Posted: Wed Sep 25, 2013 7:54 pm Post subject:

Thanks Mogili.

Happy if you made money. We shall see tomorrow.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Sep 26, 2013 1:03 pm Post subject:

High Risk Trade - Strictly Intra day

Place an order to Buy Sept @ 5880-78 with stop 5862. Tgt 5951-54.

A strong break of 5908 would bring in a little more bullish momentum
possibly.

If you feel appropriate, You can also buy 5850 Sept Call below 38

Regards,
Gautham Shashangan

shashangan · Posted: Thu Sep 26, 2013 2:42 pm Post subject:

Book partial profits @ 5923-26 & pull up stop to 5885 or cost for rest.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Sep 27, 2013 9:28 am Post subject:

Keep reducing longs beyond 5960 NF.

There is a small possibility of a top & if mkt makes a big reversal, it can target 5675.

It's just a caution. Shall confirm when it gets more clear.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Oct 01, 2013 8:52 am Post subject:

As I Suspected & suggested mkt reversed from 5959. Mkt may open flat to marginally higher

NF 5826-28 is the 1st resistance, where bears can start replacing thier shorts. 5843-46 should be a good short, if you get. I hope mkt doesn't cross yesterday's high.

5762-55 can be the first lower target today, possibly followed by 5716-12, 5681-75 & 5605 for the rest of the week.

The next upper resistance is 5875 followed by 5899, Above 5926 will bring the near term bulls to fight. Above 5955 bulls can get an upper hand.

Shall update if I am watching & get any other cues.

Good luck
Gautham Shashangan

shashangan · Posted: Tue Oct 01, 2013 1:07 pm Post subject:

Place an order to Short NF 5835-39 with stop 5911. Min Tgt 5791, 5770 & 5715 for now

Regards,
Gautham Shashangan

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

SL is too wide??

shashangan · Posted: Tue Oct 01, 2013 1:13 pm Post subject:

sorry Manoj, didn't notice, corrected

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

shashangan · Posted: Tue Oct 01, 2013 3:21 pm Post subject:

Pull down stop to 5845 or break even or close EOD if you dont want to carry.

Mkt looks down to me, but I am not sure what would happen with U.S news & tomorrow holiday.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Oct 03, 2013 2:55 pm Post subject:

High Risk Trade - Strictly Intra day

Place an order to Short NF @ 5970-73 with stop 6027. Close position EOD, if no big sell off. Dont enter beyond 3.15 pm. Exit by 3.27 pm.

Regards,
Gautham Shashangan

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

Just a query.....why close today....given a huge uptrend...hardly we would see sell off today....tomorrow may be a "small down" reaction to upmove...thats what i feel...we can work with same stop tomorrow as well...any suggestions.

shashangan · Posted: Thu Oct 03, 2013 3:13 pm Post subject:

Hello Amit,

That's my view for intra day.

The trend looks strong & possibly reversing to overall up. What if the mkt opens higher with a gap & doesn't come back. Risk has to be decided by the trader.

You have to keep in mind you are going against the trend. A strong close near the high after a big move, can also be reversal of the bear trend.

It will also help you sleep peacefully over your entry.

Thanks
Gautham Shashangan

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

Yes thanks