iCharts Discussions

shashangan · Posted: Tue Nov 27, 2012 12:51 pm Post subject:

Yes more or less, but follow the main nifty since the volumes in that is higher.

Place short @ 5754.90 in mini, If you dont want to miss.

Gautham Shashangan

shashangan · Posted: Tue Nov 27, 2012 1:00 pm Post subject:

It has to make one more break to hunt & trigger some stops down, but cant say, Take it mkt if you dont want to miss, since mkt holding, cant say, 5751

Gautham Shashangan

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

shashangan · Posted: Tue Nov 27, 2012 1:05 pm Post subject:

Min 5735 around it has to try. But then it will near closing, so need to watch if it can go further down or not. Will say later watching the move.

shashangan · Posted: Tue Nov 27, 2012 1:13 pm Post subject:

It's almost the top. The mkt should reverse now in few min.s 5756-57. You can short mkt & It's my gut feeling. My target of 5720 (Nov) is almost achieved predicted on Saturday.

I can be wrong.

Good luck
Gautham Shashangan

shashangan · Posted: Tue Nov 27, 2012 2:00 pm Post subject:

Remember, My short is intra day only. So at times even If i dont tell you the exit, be wise to take your own decisions.

The overall trend is very strong. 5880 -5900 is my target in Dec. There is a holiday tomorrow,so need to check mkt on thursday, but it's strong, it will go up overall.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Nov 27, 2012 2:09 pm Post subject:

I dont see any wild movements upside though. The mkt should be quiet playing sideways. Even if it attempts to break high it should see some immediate selling. So it's not very risky, but nearing closing & tomorrow being holiday, I can be wrong.

Going against a strong bull trend is definitely risky & needs a lot of precision, so asking everybody to keep a watch, since I keep running around from my screen between my work.

Gautham Shashangan

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

shashangan · Posted: Tue Nov 27, 2012 3:17 pm Post subject:

Stop of 5776 has not triggered. Though mkt has to give one good correction even on thursday, I dont know how the U.S mkts would affect the trend. Anyway take your call, Watch it & exit before 15.28 if you not comfortable

It has to try atleast 5735-30 min before resuming the next trend according to me.

Gautham Shashangan

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

Will carrying be that bad?

shashangan · Posted: Tue Nov 27, 2012 3:24 pm Post subject:

The only issue is tomorrow's holiday, anyway I just had a look at Dow there is a small possiblity, it can top out for a small correction down by tomorrow

So It should be ok, I presume. Remove the stop if you want to carry.

Gautham Shashangan

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

carrying then. Support the trade a bit, sir

shashangan · Posted: Tue Nov 27, 2012 3:29 pm Post subject:

Dont worry, I will bail you out if it looks risky on Thursday.

Gautham Shashangan

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

ok sir, thank you