iCharts Discussions

shashangan · Posted: Thu Dec 06, 2012 9:54 am Post subject:

Place an order to partially Buy Dec @ 5884-80

Gautham Shashangan

shashangan · Posted: Thu Dec 06, 2012 10:25 am Post subject:

Place an order to exit shorts in Dec @ 5872-69 for now. Mkt will be sideways to down for today. We shall look to short on pull backs again later.

Gautham Shashangan

shashangan · Posted: Thu Dec 06, 2012 11:06 am Post subject:

Possibly expect a pull back correction for some time from 5869-66 region in Dec. I may be wrong. Just guessing.

Gautham Shashangan

shashangan · Posted: Thu Dec 06, 2012 11:59 am Post subject:

Not quite sure, But 5895-98 can possibly see some selling for Dec, I think. If you short, do place a stop @ 5917 to avoid risk.

Gautham Shashangan

shashangan · Posted: Thu Dec 06, 2012 12:09 pm Post subject:

Place an order to Short Dec @ 5894-97 with a stop @ 5917.

Gautham Shashangan

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

shashangan · Posted: Thu Dec 06, 2012 12:29 pm Post subject:

Yes the problem is with the wild swings in Dow & Nasdaq, which is affecting the Nifty open. There is a possibility of a bear close in Dow today, Not very clear though. Nifty should close bear today @ 3.30 close though. Let's see

Gautham Shashangan

shashangan · Posted: Thu Dec 06, 2012 1:16 pm Post subject:

Trail your stop to 5902 from 5917 to reduce your risk.

Gautham Shashangan

shashangan · Posted: Thu Dec 06, 2012 1:25 pm Post subject:

Strategy for your open short position.

You can leave stop @ 5902 (or) Lock your entry by moving stop to 5891 & hold the short (or) exit @ 5882-80 If you dont want to risk.

Mkt can go down further, but the momentum is slow & just a doubt in my mind.

Good luck. Decision is yours.

Gautham Shashangan

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

shashangan · Posted: Thu Dec 06, 2012 2:11 pm Post subject:

5919-22 should be the intra day shorting level again for Dec. I shall confirm the entry as it gets there.

Gautham Shashangan

shashangan · Posted: Thu Dec 06, 2012 2:15 pm Post subject:

Hoping there will be selling near closing, after this pull back correction.

Gautham Shashangan

shashangan · Posted: Thu Dec 06, 2012 3:18 pm Post subject:

Hmm,

Jise Darthe the wohi baat ho gayi. Raah me Bull trend ki mulakaat ho gayi.

We will see tomorrow

Gautham Shashangan

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

shashangan · Posted: Thu Dec 06, 2012 3:55 pm Post subject:

yes possible. At least I exited my shorts & also happy I gave a timely posting of my doubt. Had a feeling mkt may reverse to close down probably from 5920, just had a feeling of doubt again so held back to give any sell calls. Thank God, didn't mess up anybody this time. I am trying to focus hard on intra days.

But then there should have been a bear close today. Probably it will try again lower to close down tomorrow or Monday. Anyway if I get some cues from Dow shall update later.

Gautham Shashangan