iCharts Discussions

shashangan · Posted: Thu Nov 07, 2013 1:33 pm Post subject:

If mkt doesnt blast out in 5 min.s book it around 6326+ if you have multiple lots

Regards,
Gautham Shashangan

udaysahai · White Belt Joined: 01 Feb 2011 Posts: 105

Sir,
Can you pl give your views on NTPC and Tata Power, Thanks and best regards.

shashangan · Posted: Thu Nov 07, 2013 1:56 pm Post subject:

Hello Uday,

NTPC Range 152.90 - 157.10 Possible 160

Buy 153.40 & below.

Tata power May consolidate between Range 82.65 - 85.35, Possible 86.20

You can buy 82.95. May not go below 82.65.

Just my view, I dont track scripts so closely.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Nov 07, 2013 2:42 pm Post subject:

Dont know what happened. That was bad, should get back above 6340

It's again nearing bottom.

You can buy these levels or Place an order to Buy NF @ 6222-19 with stop 6170. Buy in small scale.

Mkt should not go below 6210 a max extension. let's see what happens by closing. It has to go above 6268 to show some good signs.

Regards,
Gautham Shashangan

udaysahai · White Belt Joined: 01 Feb 2011 Posts: 105

Thanks for your kind advice, Sir, I appreciate and value your esteemed opinion.
Best regards.

chandrujimrc · Brown Belt Joined: 21 Apr 2009 Posts: 1683

Dear shashangan,

What is your present view?

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

for me , "small qnty" is key IF buying....

shashangan · Posted: Thu Nov 07, 2013 3:04 pm Post subject:

I already posted.

You can buy anywhere from 6228 & below.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Nov 07, 2013 3:26 pm Post subject:

Not very convincing if it doesnt close above 6270. It may be a move to confuse the bulls. I am a bit confused, but as I booked some profits am carrying one lot long for tomorrow.

Take your decision.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Nov 08, 2013 1:47 pm Post subject:

Intra day

Place an order to Buy NF @ 6176-74 with stop 6145. Target open.

Buy in small scale.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Nov 08, 2013 2:30 pm Post subject:

Scale up stop to break even just to be safe. It's not very clear that there will be a big move up.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Nov 08, 2013 3:00 pm Post subject:

If mkt slows down near 6215 & struggles for more than 5 min.s may be you can take your decision if you want to exit.

A strong break of 6220 can trigger some stop to bring in more buying.

Good luck
Gautham Shashangan

shashangan · Posted: Tue Nov 12, 2013 2:39 pm Post subject:

High Risk Intra day

Place an order to Buy NF @ 6090-88 with stop 6075. Target open. Possible 6190+. Min 6173.

Buy in small scale. Mkt has turned overall negative for the month I think. Sell on rallies above 6200.

Regards,
Gautham Shashangan

chandrujimrc · Brown Belt Joined: 21 Apr 2009 Posts: 1683

S/L hit.

shashangan · Posted: Wed Nov 13, 2013 8:04 am Post subject:

Hello Chandru,

Sorry stop triggered. Mkt has turned bearish for some time. I am taking a wild guess on all the next moves from today's NF open.

6043-40 Open & up ----> 6060/6079-81
6025-20 Correction & up ----> 6090
6010-06 Correction & up ----> 6126-28/ 6140-42 / 6153

This is just my try. It may not be correct. But mkt can be in some small up down swings soon. Shall update if I see any clear signals in the mkt.

Regards,
Gautham Shashangan