iCharts Discussions

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

thank you so much shashangan ji..for your valuable guidence..

pls update regularly as always..

jai sai ram..

shashangan · Posted: Tue Dec 10, 2013 2:28 pm Post subject:

Selling may come in again from 6375-78 region NF. According to me Nifty should break the low again before close.

Intra day stops above 6413.

I can be wrong.

Thanks
Gautham Shashangan

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

Thanks.. i would tend to agree.

shashangan · Posted: Wed Dec 11, 2013 10:53 am Post subject:

You can place an order to partially cover shorts @ 6321-18 NF.

Regards,
Gautham Shashangan

buddhas · White Belt Joined: 30 Aug 2007 Posts: 23

6315 done. good call gautham bhai

shashangan · Posted: Wed Dec 11, 2013 12:37 pm Post subject:

Thanks to all.

Mkt may see some slow down here & possibly some intra day buying from around 6315-10 region. Stops below 6290. Min Target near 6350

Regards,
Gautham Shashangan

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

I wont be there tomorrow

NF Immediate Intra day stops above 6386 - Minor stops above 6420

Watch 6374-76. If NF crosses 6385 Mkt might close in small bull.

My Upper circuit 6406-10 & 6240-38 Lower possible correction Target.

Should not cross 6431

Mkt is still overall bullish. This should be a correction according to me. Do your own analysis too. I can be wrong.

Will update if I am there on Friday.

Good luck
Gautham Shashangan

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

good morning shashangan sir..

any update for today sir...

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

shanticomq · White Belt Joined: 22 Jan 2011 Posts: 219

Hi PKHOLLA

very smart

shashangan · Posted: Thu Dec 12, 2013 9:12 pm Post subject:

Sorry was busy with a training. But anyway all going well as I expected. I had cautioned last week itself, there can be a sharp sell off from this Monday to confuse & trap the longs.

Though it extended little higher than I projected, it has been working perfectly. I had mentioned NF 6205 as possible target last week itself & possibility of this week closing in Red.

Immediately it still looks down at the moment. But I recommend, start going very thin on shorts. The mkt surely looks trying 6236-30, 6205.

From 6188-83 region is the key area to watch where longs can start looking for opportunities to re-build medium term longs. 6141-39 NF would be an excellent medium term buy if you get, not sure, shall confirm if I am able to tomorrow.

The next move could be explosive if it takes a turn & possibly a death trap for shorts. The next major pit stops upside can be around 6645, 6750-60 & 6825 region. So I am cautioning, just dont get trapped with shorts & dont play short below 6205 without stops or carry it for next day.

The worst low for NF may be around 6127(very small chance) if extended. The mkt may not go below 6115 (doubtful) according to me. Near term stops below 6105. Short term stops below 6050. Total Reversal stops below 5980.

Purely my view. Kindly also do your own analysis. It can be wrong. Trade wisely with a calculated risk. Play minimum.

Have a busy day tomorrow & a hectic travel weeks following, but shall try & update when ever I have time.

Good luck & Regards,
Gautham Shashangan

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

Thanks. I very nice explanation at the right time.....6115 shall be watched - hopefully we can turn before that if a few days pass by over this level.

rbaveshss · White Belt Joined: 26 Nov 2013 Posts: 18

shashangan · Posted: Fri Dec 13, 2013 11:51 am Post subject:

Hello Bhavesh,

I have clearly mentioned my view. It can go up from next week is my feeling. When it broke high with a big gap on Monday lot of buy stops would have got triggered & many shorts would have booked losses in panic.

Now Nifty has been falling from Monday's high & the normal view as per chart & trend looks bearish. That's the reason I feel there will be a up move. I many times trade against the normal sentiment. I trade differently & based on psychology & my own analysis.

Range for today 6347-49 - 6183 NF.

For today it' could be a buy around 6186 NF if the level comes before 2.30.

Buying options as per book definition has limited risk. But if you just buy blindly it's equally useless. Only if there is a sure & quick move you can make money on Buying options. You need to keep in mind the Time premium & the immediate trend for playing Buy options.

Also buying at the money or in the money options gives you better profits. If your trading system is strong, It's better to play intra day in futures with a calculated risk than option buying.

Plan your trade. Play with patience. It's ok if you dont trade every day & also if you make losses. I discuss my options & strategies elsewhere. I update here just for my passion for the mkt.s.

Thanks
Gautham Shashangan

vaishuu82 · White Belt Joined: 04 Sep 2013 Posts: 155