iCharts Discussions

shashangan · Posted: Mon Dec 03, 2012 9:09 am Post subject:

Dec Nifty opening around 5915-20

Gautham Shashangan

shashangan · Posted: Mon Dec 03, 2012 11:20 am Post subject:

Dec Nifty could trade sideways to down till 12.30 - 1 pm before seeing some buying to go on again to break the highs.

The mkt may top out around 5937- 5947 max & can get into a correction tomorrow by the open. The min target would be around 5860-55 area.

I am stepping out of office now. I clarify, It's still a early guess. I shall confirm the same after the close.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Dec 03, 2012 2:06 pm Post subject:

Strictly Intra day - Buy Dec 5896-92 with a tight stop 5882. Target 5935+. If target not achieved & in profit near closing, exit longs to be safe.

Gautham Shashangan

shashangan · Posted: Tue Dec 04, 2012 8:45 am Post subject:

Dec Nifty likely to open around 5895

Gautham Shashangan

shashangan · Posted: Tue Dec 04, 2012 10:50 am Post subject:

There is probably one high pending which it could not complete yesterday.

That should be the reason Nifty opened marginally lower compared to the big fall in Dow & Nasdaq.

But Nifty is at a short term top. Though there is a possibility of a new high. I think, It may remain flat to bearish for next two days.

Again I mention it's a guess, I shall update when I find any confirm entry or direction.

Gautham Shashangan

shashangan · Posted: Tue Dec 04, 2012 2:00 pm Post subject:

Though there was a buy I didnt want to recommend intra day buys.

The mkt may try min around 5923-25 in Dec before consolidating to reverse lower to around 5845 levels before Thursday afternoon hopefully.

Preferably longs can exit to buy back lower. Shorts can be taken with stops at the high.

Shall confirm the precise level of entry if I get the signal .

Gautham Shashangan

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

".....before Thursday afternoon....."

agreed. And then only one way up? Smile

shashangan · Posted: Tue Dec 04, 2012 2:51 pm Post subject:

Yes possible Vinay, but dont be over ambitious, Stay cautious.

There is a small confusion even I am having. I dont know if the mkt would surprise everybody by a sudden break down also below 5610 & 5550.

Though it's just a feeling, for now I am just playing the near term trend. I am not ruling out any surprises. So be prepared, It's not to confuse you or others, at times your sixth sense is right, so mentioning it. Will confirm If I get any hints.

Gautham Shashangan

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

not sixth sense gautham. Just the liquidity flooding effect

shashangan · Posted: Tue Dec 04, 2012 3:06 pm Post subject:

True, when there is panic then the effect is there. I am going by the saying, trying to play the Devil's Advocate.

Try to think what could be going on the minds of the top Technical Analysts & Fund Mangers. So I play exactly what they want to play.

There is definitely some confusion on the charts for me. Anyway let's wait & watch. Best thing to do is stay protected & play with a helmet when you see danger. If you dont benefit, atleast you dont get hurt.

Gautham Shashangan

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

shashangan · Posted: Tue Dec 04, 2012 3:21 pm Post subject:

Hmm the Call buys would be expensive to take a protection now. Buying Puts may be dicey if the trend doesn't turn bearish, since I wont buy until I feel the mkt will definitely go down.

Some strategies are not disclosed. Generally people who know to play options wont share it. Anyway I Have sent you a pvt msg on one possible strategy. Check your inbox Taxman

Gautham Shashangan

shashangan · Posted: Tue Dec 04, 2012 3:23 pm Post subject:

You can place an order to Short Nifty or preferably Mini @ 5927-30. You cant place a stop since it's closing.

Only people who can risk enter.

Gautham Shashangan

shashangan · Posted: Wed Dec 05, 2012 8:59 am Post subject:

Dec Nifty likely to open around 5945-50.

Short Sell the mkt @ open. 5930-65 is opening range. Around 5880 can be expected today hopefully.

I can be wrong. Do your own analysis.

Gautham Shashangan

shashangan · Posted: Thu Dec 06, 2012 8:59 am Post subject:

Dec Nifty likely to open around 5945-50. Same open like yesterday, Same view.

Gautham Shashangan