iCharts Discussions

shashangan · Posted: Mon Dec 17, 2012 9:50 pm Post subject:

As of now nothing to worry. We will see where Dow closes. As per Dec Nifty only a break above 5940 or a close above 5927 on hourly or daily basis is risky.

Gautham Shashangan

rajmuthusamy · White Belt Joined: 05 Jan 2009 Posts: 24

It will be an interesting day for all of us.. Global mkt set-up is positive; RBI Policy move along with approval of Banking amendment law in Parliment - may trigger a Buy..

Lets hope for the trade above 5940 today..

Regards

Rajaguru

shashangan

True Raj

Though I am still bearish, The mkts has been struggling to go down & with news It can be a possibility.

Let's see

Gautham Shashangan

shashangan · Posted: Tue Dec 18, 2012 9:08 am Post subject:

Good morning to all

Same open same call of yesterday. Play mini if you dont wanna risk.

Dec Likely to open around 5900-5905.

Short @ 5919-22 with Stop 5943. Target 5844.

Watch the news & play accordingly.

Regards
Gautham Shashangan

shashangan · Posted: Tue Dec 18, 2012 10:17 am Post subject:

Intra day - Place an order to Short Dec @ 5903-05. Tight stop 5931. Safe Stop 5943

Gautham Shashangan

shashangan · Posted: Tue Dec 18, 2012 11:04 am Post subject:

Thank God, At last, I have won the battle. It again has proved patience & discipline will pay off.

God Bless you Nifty.

Regards
Gautham Shashangan

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

good going Gautham. 2guns

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

shashangan · Posted: Tue Dec 18, 2012 11:39 am Post subject:

Thanks Vinay.

It has been testing my patience & mind. I am quite relieved & content now.

First target achieved 5844.

There is a possibility mkt can give a pull back to 5920-25 area. Shall confirm it. There could be a possibility of a intra day buy around 5858-55 region. Just hold on for the buy. I need to watch the mkt when it gets there

Regards
Gautham Shashangan

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

buy at 5850/55 already gave 30 gain. Smile

shashangan · Posted: Tue Dec 18, 2012 12:27 pm Post subject:

Though mkt has achieved my target, though I still feel mkt can close red for December, the movement so far has not been very convincing, according to how I wanted.

So suspecting if there could be a sharp short up move again to just confuse people to give an impression that lower side is over.

Just want to be extra cautious. We need to watch how the movements are from here through tomorrow. A sharp break or close above 5922 could change the sentiment.

Probably stay neutral for now. If the pull back is only to sell later towards the close it means the trend is still bearish. A pull back bear or bull candle close tells you keep a watch. Shall update on any indications

Gautham Shashangan

shashangan · Posted: Tue Dec 18, 2012 1:11 pm Post subject:

The mkt may go up from here 5912 area to try the highs at least once more

Gautham Shashangan

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

shashangan · Posted: Tue Dec 18, 2012 1:25 pm Post subject:

Not sure, there could also be a sell off from the highs may be 5945 around. It's a guess, am not confirming it.

It's too fast & confusing to gauge sentiment change, when there is swings like this in a intra day.

Watching for now.

Gautham Shashangan