iCharts Discussions

shashangan · Posted: Tue Dec 18, 2012 2:01 pm Post subject:

Place an order to Short Dec @ 5934 -39 with tight stop 5954 or safe Stop 5968. Dont play without stop. Min target 5910-07. Shall update possible target later.

Gautham Shashangan

shashangan · Posted: Tue Dec 18, 2012 6:45 pm Post subject:

The closing was not very convincing. Anyway I dont know if this could be a move to confuse or it's a real pull back for a up move.

But again I think the upside will be limited. There may not be any wild rally. I shall confirm after I study everything. Tomorrow's open & initial moves will probably give some insight if the up move is for real or a trap.

Attached one chart for now. It's self explanatory. Only difference the price is 5 points lower.

Gautham Shashangan

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

Yes..all the triggers which will create a swing done with..Banking amendment bill approved...RBI policy announced...Will it be sell after all the news...

Regards

M Rajaguru

humble · White Belt Joined: 12 Nov 2012 Posts: 29

Shashangan ! Your analysis really Great !
Thanks for sparing some time to post ur opinion !
Keep it up !

shashangan · Posted: Tue Dec 18, 2012 8:32 pm Post subject:

Thanks for your humble words. I appreciate it

Gautham Shashangan

shashangan · Posted: Tue Dec 18, 2012 8:37 pm Post subject: Re: what will be...

I am still hoping the mkt to close Red for Dec. But am not sure- near term for the week if it will close bull.

Overall long term mkt is still bullish. Mkt has to try 6150/6250 range, but I think that will be by Feb.

For now I am not very clear, I need to sit patiently & dig through all the moves & understand, or may be tomorrow's open & movements will give some indication.

Let's see

Gautham Shashangan

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

Gautham, will you still be bearish for Dec even if NS closes above 5925/65?

shashangan · Posted: Tue Dec 18, 2012 9:29 pm Post subject:

Vinay I feel even if Mkt tries higher again, there are lot of hurdles ahead for bulls.

As per Dec 5954 could attract selling. If it tries & breaks that around 5971 will see some selling & If that also breaks 6000 will see some selling.

So it's going to be a struggle for Nifty to climb up. It doesn't look a smooth run for the bulls. It's my picturisation, I could be wrong.

I really want to wait & watch if Nifty can really break the previous high & if it manages to, how much.

I still feel one of the selling again is going to catch the bulls off guard probably. Any of the levels I have mentioned above could be a possible unexpected hammering down to 5835 to 5820 area.

I am not very clear yet, since you asked I am just sharing the picture I have in my mind.

I shall give a concrete view or entry once I am sure of the trend, but yes I have a strong feeling Dec may be a bear close, but then again I am human, I can go wrong because I am trying to predict a mkt against the running trend.

Thanks
Gautham Shashangan

shashangan · Posted: Wed Dec 19, 2012 9:03 am Post subject:

Dow & Nasdaq closed very strong yesterday.

NF likely to open between 5950-55.

Opening range - 5971 - 5933 (1st hour)

The mkt may not go below 5922 for now. Below 5912 is a intra day reversal.

There could be some panic stops. So Mkt may remain sideways to up till Noon at least. Need to watch the movements till 1pm.

If you want to risk

Sell if you get 5970 first & buy back at 5950. stop 5990

Buy below 5935 & sell above 5960 stop 5907

Or stay neutral till mkt settles down & enter.

Gautham Shashangan

shashangan · Posted: Wed Dec 19, 2012 9:51 am Post subject:

Mkt will be in same range till 1.30 pm, If I am not wrong

Mkt will be quiet range between 5971 & 5933

If extended on the highs it may go max 5987 & 5922 on the lows.

Gautham Shashangan

shashangan · Posted: Wed Dec 19, 2012 1:07 pm Post subject:

Just to be safe, Cancel all buy orders for now. I am not very clear of the trend. Mkt may go up, but I want to abstain from giving any buy call, since I have my own doubts in mind.

You can buy if you feel mkt will go up. I prefer to stay neutral for now.

Regards,
Gautham Shashangan

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

Hi Gautham
Can you please give words to your doubts

shashangan · Posted: Wed Dec 19, 2012 1:44 pm Post subject:

Fear of opposite, though mkt may go up, though you can play with stop by restricting your loss

I always wish to give calls which gives profit to people. I feel bad when my call goes wrong.

If i lost a chance to make profit it's ok,but entering with even some doubt I would rather abstain.

The mkt will always be there, but we should be there. So there is always a tomorrow.

Gautham Shashangan

shashangan · Posted: Wed Dec 19, 2012 2:01 pm Post subject:

It's all in my head, Though not necessary, I dont know why I feel mkt has to close a bear for December. There is every possibility of mkt closing green for the week though. Probably the past experience of people getting stuck & asking me to bail out.

When somebody comes back & says they are stuck after taking my advice & asking me what to do, it affects my analysis & my other work, because emotions are involved.

It's easier if people just watch closely what i post & take quick decisions on exit on their own. I am open to clear any doubts or give explanations, but ask me without stating you have a entry stuck.

That's one reason I try not to get into discussions with other people's views, It affects your analysis.

It has happened to me in my past, I used to be among the top analysts, I lost everything I earned in matter of months. You wont imagine the amt. Anyway I am not boasting, just dont want to make mistakes.

Everybody likes it when appreciated, but when you go wrong the critics & people to curse you are 100 times more.

Though I am giving free advice, though people may make money from my calls, all I am expecting is, if people dont appreciate me it's fine, but not to curse me. Because when people make losses the first thing they do is. I made a loss going by that xxx***xxxx's Call.

I am not here for any monetary expectation from small traders. I am here to share my knowledge.

There will be a day I find the person who has a few millions to explore. So all this effort & investment of time if for that day. I am not interested to work for anybody. I get calls for 25-20 lakh packages p.a from brokers, but I am not interested in it, though I am not making so much from my business.

I have certain prinicples & I go by it.

Gautham Shashangan