iCharts Discussions

shashangan · Posted: Wed Dec 04, 2013 12:09 pm Post subject:

Chandru

It can be intra day or positional depending on your risk taking capacity.

According to me it will not break 6170 itself & it has to break & close above 6275 before friday.

Buy on every dip & keep exiting higher & replacing lower till it reaches my target.

Though early, Overall NF may target 6800-6900 by March. I shall confirm it in the next weeks to come seeing the movements.

It's my view, I can be wrong.

Regards,
Gautham Shashangan

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

gautham, let's talk about 73xx by march end with a remote possibility of 68xx by dec end. Smile

shashangan · Posted: Wed Dec 04, 2013 12:40 pm Post subject:

yes Vinay possible

For now, I am keeping the targets below 7k, as the figure 7000 will play on people's mind.

Right now it's not fully clear yet, so dont want to exaggerate & make people sit in the 7k plus flight (if the flight runs out of fuel or crashes, I may take many innocent people with me).

Anyway around 7140-50 NF is the possible target the trend is indicating.

Regards,
Gautham Shashangan

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

right gautham. also necessary condition is an all time high monthly close. if that happens, rise will be vicious

shashangan · Posted: Wed Dec 04, 2013 12:58 pm Post subject:

Right Vinay,

I can already see some swings coming by Monday. The challenge is to get out of those swings unscratched. Also if the swings go wild, it can confuse & damage the flow of the trend.

So for now I am going with short term targets but keeping long as the strategy.

Let's see how it shapes in coming days.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Dec 05, 2013 11:07 am Post subject:

I am travelling across India for the rest of the month. will briefly be in Bangalore 18-20, so may not be able to update as I will be in training, unless I see mkt & get a chance to update.

Overall mkt looks up. But as I mentioned there is a possibility of some swings again, just stay cautious from here.

There could be sudden sell off just to confuse. They may bring down to min 6260 area NF. There is possibility of near 6200 also, may be tomorrow. Watch 6355-60 area.

Remember Mkt looks extremely bullish to me. So stay long - Buy on dips & hold but again minimum lots, since I can also be wrong. Mkt is the greatest master & trickster than anybody's talent to read its plans. So my views also can be wrong.

Correction stop would be same 6150. A move below 6115 & 6090 would trigger major stops. Below 5980 would be total reversal.

Good luck
Gautham Shashangan

shashangan · Posted: Thu Dec 05, 2013 12:11 pm Post subject:

My program for the weekend postponed. Hopefully I shall be there today & tomorrow.

Intra day - Place an order to buy NF @ 6276 & below with stop 6250. Target open. Min 6290+

Regards
Gautham Shashangan

shashangan · Posted: Thu Dec 05, 2013 3:16 pm Post subject:

There could be one more low for NF around 6264 not sure today.

Thanks
Gautham Shashangan

musicaldelhi · White Belt Joined: 17 Nov 2011 Posts: 186

shashangan sir..

i am positionally short in nifty future..

should i cover my shorts and book loss or hold..

at which level i should book my loss and reverse the trade..???

what you suggst or advice pls..

shashangan · Posted: Thu Dec 05, 2013 7:06 pm Post subject:

Hello Mr. Delhi

I have already posted my view. It's quite difficult to bail someone out when they are stuck. Any trader who cannot hold 300 points risk for a single lot should not carry their position for the next day.

It's better to take a intra day risk of 30-40 points & make it a emotionless habit to cut the position by the end of day.

Regarding mkt I am not sure of a big fall at this juncture. But there is a small possibility of Nifty trying 6205 (Dec). Mkt may be in up down swings till Tuesday or Wednesday around these levels.

I cant tell how exactly the mkt would behave for tomorrow & also it being friday. Well I am taking a guess for you - If it comes right & if it helps, you are lucky - it's just a guess - For intra day from around 6255 there could be a attempt to 6296-6300 & possibly 6313-15 & turn down to around 6205.

The other possibility is mkt can try high near min 6340 or 6355-60 (max) & close in green tomorrow & the fall can happen on Mon or Tuesday to 6205. There is also a very small possibility of NF trying near 6160 & closing a bear next week, but it's early & remote.

The worst possibility is mkt just breaking out wildly higher which I doubt but never know & another possibility is mkt making a big fall which also I doubt, but this is speculative mkt.s, anything is possible.

You can only count on your stars. There are some slightly complex strategies for such situations, but I post them else where as this is a free site.

Guesses will only give room for hope. I am not responsible for your decisions or losses. So be practical. Take your decision.

Good luck
Gautham Shashangan

musicaldelhi · White Belt Joined: 17 Nov 2011 Posts: 186

good morning shashangan sir..

thank you so much for your timely advice..

shashangan · Posted: Fri Dec 06, 2013 2:38 pm Post subject:

You are welcome Delhimusic

I think if people dont want to risk book partial profits for your longs around 6304-07 NF region for now & replace it on Monday watching the mkt.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Dec 09, 2013 2:14 pm Post subject:

Intra day - Place an order to Short NF @ 6411-14 with stop 6428. Min possible 6388 followed by 6368 & 6340.

Can be risky. Play minimum

Regards,
Gautham Shashangan

shashangan · Posted: Tue Dec 10, 2013 9:15 am Post subject:

Nifty may be in sideways to correction mode for today & tomorrow.

Anywhere around 6425 NF could be profit booking for longs & short for Intra day. Mkt may not cross 6431. Min Target could be 6315. I shall update if any deviation. 6490 Stop.

Good luck.
Gautham Shashangan

shashangan · Posted: Tue Dec 10, 2013 10:34 am Post subject:

I am hoping 6386-87 NF should hold for now & break low.

If the selling pressure & profit booking happens you should see my level.

Let's see. I could be wrong

Regards,
Gautham Shashangan