iCharts Discussions

shashangan · Posted: Sat Nov 24, 2012 12:02 pm Post subject:

Good day to all.

Got my Morning call, Sell & top right for yesterday. The bottom got extended, but like I said It's difficult to say the entire moves of intra day in advance without feeling the pulse of the mkt, but the mkt is still bullish you saw it pull back strongly from the lows to close a bit higher.

Anyway, with the pull back & considering strong U.S close, Nifty Nov might possibly open around 5660-65 with a high of possibly around 5672 - 5680 at the Monday open.

The mkt may give a pull back to 5640, Where you would see some buying interest coming in. It may try filling the closing gap of Friday towards 5630 area before starting the next surge to break highs by afternoon. The mkt may max go to 5620 if low is extended (doubtful).

5720-25 will be the min target by Tuesday for Nov Nifty & around 5770 area by Thursday before correcting back to 5710 area, If I am not wrong. Shall update more if I find anything else from my analysis.

If somebody bought even around 5619-16 area & holding you could be lucky on Monday with a higher open. My call may sound a little over ambitious at the moment to many. But I like predicting moves in advance, because when I get it right, it motivates me that the time i spend to analyse & study is really worth it. It keeps challenging me to read the top analysts & big player's mind of the trend. Anyway I could be wrong do your own analysis. Play safe. Wear Helmets.

Enjoy your weekend.

Gautham Shashangan

acharyams · Yellow Belt Joined: 04 Jul 2010 Posts: 552

shashangan · Posted: Sat Nov 24, 2012 10:12 pm Post subject:

Oh No Acharya, why you exit in loss. I told to exit only the Nov ones in profit.

I thought in case if mkt closes weak & if mkt opens on Mon same you can buy fresh ones in Dec contract.

Anyway be watchful. Though I am confident & bullish dont take too much risk. You should be prepared for the reverse also.

Sorry I was unable to be there yesterday. If not I could have asked you to buy in Dec again.

Let's see, we will do something even otherwise.

Good luck
Gautham Shashangan

shashangan · Posted: Mon Nov 26, 2012 11:53 am Post subject:

Intra day buy

Nov - 5629-25 Stop 5610
Dec - 5663-60 Stop 5635

People who want to risk buying options can buy Nov where there is absolute no risk till Thursday or in December for medium term.

Gautham Shashangan

shashangan · Posted: Mon Nov 26, 2012 12:09 pm Post subject:

You can also buy Nifty @ CMP 5632 with a 5600 put buy in November @ 15.50. It's a good option strategy. It will give you cover for next 3 days instead of placing stop.

Or you can buy calls of Nov or Dec based on your risk taking ability.

Gautham Shashangan

shashangan · Posted: Mon Nov 26, 2012 12:56 pm Post subject:

A immediate strong break in Nov of 5646 in next 5-10 min.s will take it to new highs.

Gautham Shashangan

shashangan · Posted: Mon Nov 26, 2012 1:18 pm Post subject:

If I am not wrong, (5654-58)The mkt may ease a bit near highs for some time, before taking some base to launch off.

Gautham Shashangan

shashangan · Posted: Mon Nov 26, 2012 1:58 pm Post subject:

As predicted on Saturday. Open is difficult to predict, but it did open higher. Anyway rest remains same. Longs should benefit. Possible upside target for today can be around 5665 for Nov since it didnt try at today's open.

shashangan · Posted: Mon Nov 26, 2012 2:17 pm Post subject:

Nov should not go below 5638-37 as of now.

acharyams · Yellow Belt Joined: 04 Jul 2010 Posts: 552

shashangan · Posted: Tue Nov 27, 2012 12:36 am Post subject:

Nov should not have gone below 5638 yesterday after the highs.

Anyway the overall trend is still same as per my analysis.

Mkt again will try opening higher today. Let's hope the strong up move happens today. I think Dec will try breaking 5700 today hopefully. Again It's based on my analysis, I can be wrong.

Let's see after the open.

Good luck & hope for the best.
Gautham Shashangan

[/quote]
holding one lot naked mini nifty bought today.[/quote]

acharyams · Yellow Belt Joined: 04 Jul 2010 Posts: 552

Sgx 52 points up, supporting your view of higher opening.
By the by, shall I exit at open once?

shashangan · Posted: Tue Nov 27, 2012 9:11 am Post subject:

Yes Dec around 5690-95 open expected.

I think you can exit, because there willl be a big gap between the close & open, so atleast partially it may correct to fill the gap, definitely the high of yesterday if not close.

Gautham shashangan

acharyams · Yellow Belt Joined: 04 Jul 2010 Posts: 552

exited nov mini 5664

shashangan · Posted: Tue Nov 27, 2012 9:25 am Post subject:

Good. There will be a panic of stop buying for now. Mkt will settle down after some time & may correct. It's difficult to tell when there is a huge gap. May take some time. Shall update on any signs of correction or entry.

Gautham Shashangan