iCharts Discussions

shashangan · Posted: Wed Jan 22, 2014 2:57 pm Post subject:

Thanks Amit,

Mkt still up. Next Tgts, 6382 followed by 6399-401

Regards,
Gautham Shashangan

ritapandit25 · Black Belt Joined: 04 May 2013 Posts: 2926

mogili · Green Belt Joined: 29 Jan 2013 Posts: 1025

Excellent Call. God Bless You.

shashangan · Posted: Wed Jan 22, 2014 3:02 pm Post subject:

Thanks Rita.

That's really nice to get your compliment.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Jan 22, 2014 3:21 pm Post subject:

Thanks Mogli, God Bless you too.

Cheers,
Gautham Shashangan

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

always perfct sir..

thank you.. Smile

shashangan · Posted: Wed Jan 22, 2014 6:59 pm Post subject:

Thanks MD,

Regards,
Gautham Shashangan

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

shashangan · Posted: Wed Jan 22, 2014 8:09 pm Post subject:

Vinay, Though Nifty is slowly climbing, I feel it is putting up a struggle to scale. It's like somebody is pulling you back when you are running. There could be consolidation till tomorrow noon from 6368-72 region NF I suppose.

Even if mkt opens higher they may bring it just around - immediate Support 6335-33 region NF. We have to watch around here. If there is a sharp sell off just to bring in panic for longs to exit it may try around 6322 which must be an good buy if you get. Mkt may not break 6305 (doubtful will get so far). Immediate stops are below 6290....

It may target 6400 around, by close hopefully. There may be a small resistance in between, at 6385.

I have been expecting an explosive move, but it has not happened yet. So there is some small doubts in my mind too. So just a guess, Let's see tomorrow, may be I can give a clearer picture after watching.

I think, possibly Above 6410 could be like knife slicing through butter. A smooth sail to 6495 & 6530. All looks nice, but just play with tight or appropriate Stops, never know when they just do a wash out.

Regards,
Gautham Shashangan

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

shashangan · Posted: Wed Jan 22, 2014 9:28 pm Post subject:

Thanks Vinay, let's hope the same.

Some supporting factors I can see are:

Bank Nifty spot is showing minimum 11325-50 immediate target.

Infosys is indicating it will hit near 4000 for sure to me, but a long term view.

Tata Motors showing a target of 408 & 422.

Wipro Buy below 564 & showing a target of 610-12.

Rel Ind a move above 895 & 906 would fuel the engine to 1015-20 region

Tata steel Buy 387.50 & below for 447-450 region target.

But there are quite a few stocks looking overall negative on charts too Like SBI 1575-65 min followed by 1425 & lower, Rel Infra showing 390-85 target to name a couple. Well never know, if all becomes positive, these negative looking scripts also may join the party & change its course.

Anyway let's focus on the positive ones supporting, if not it will be confusing.

Cheers
Gautham Shashangan

shashangan · Posted: Thu Jan 23, 2014 10:41 am Post subject:

Little risky - If not bought at open

Place an order to Buy NF @ 6331-28 with tight stop 6317. Tgt open

Regards,
Gautham Shashangan

shashangan · Posted: Thu Jan 23, 2014 1:22 pm Post subject:

Place an order to Book partial profits @ 6352-54 & replace Long on dips.

Others can move up your stop to 6321 if you want.

Regards,
Gautham Shashangan

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

shashangan · Posted: Thu Jan 23, 2014 2:19 pm Post subject:

Vinay, 6330 should be ok, but never know sharp dips can take out sometimes. for small traders it's better you book profit @ 6361 & if you get a correction near or below 6340 pick it up. Let me see if it will correct. So wait for the buy & the 6321 may be more appropriate. For multiple lots 6330 is fine.

Regards,
Gautham Shashangan