iCharts Discussions

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

When in doubt, Stay Out !
[Tomorrow never dies !

6000 Call Open Interest, also getting increased day by day,favours Gauthams Short term bearish view !

Thanks Gautham

shashangan · Posted: Wed Dec 19, 2012 2:24 pm Post subject:

True humble

I always tell people, Mkt always sees people take beating & going out & with lot of expectations new people coming in, but it's always the mkt who has the last laugh, because we fail the test to always have the presence of mind & controlling our impulses. So I say Mkt will always be there, make sure you are there, it's ok if you dont trade for a day or a week. It's better you still have the same money in your a/c than trade & see it get minus ever day.

Gautham Shashangan

shashangan · Posted: Wed Dec 19, 2012 3:10 pm Post subject:

High Risk Trade

Place an order to short Dec @ 5957-60. Stop 5975

Intra day players, Close your positions by 15:28. Dont enter if price doesn't fill before 15:22

Gautham Shashangan

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

shashangan · Posted: Wed Dec 19, 2012 8:06 pm Post subject:

Thanks Acharya, But then, I am not Mahatma Gandhi, It's ok, The post was in general, not to offend you or anyone. Am sorry I didnt realize you had a position.

And dont have to be formal. You can call me Gautham. Dont have to call Sir.

I am a common man just like anyone.

Regards,
Gautham Shashangan

dreamer_dang · White Belt Joined: 15 May 2011 Posts: 9

Dear Shashangan

I have been reading this forum discussions from a long time, also reading
some others too, but have not seen anyone expect you and Verrappan.

Specially hats off to your comments, one can learn a lot. Otherwise everone is resposible for his own decesions.

Keep up the good work, it realy helps.

Thanks again

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

Ha ha ha,

Me & Veerappan. Cant figure out the resemblance between me & Veerappan.

Thanks for your appreciation.

Gautham Shashangan

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

shashangan · Posted: Wed Dec 19, 2012 10:14 pm Post subject:

No Not at all Acharya. same for you as well.

If you can make money & if I could be of any help to you, I am more than happy. Anyway thanks, for your kind words,

I am hoping mkt comes down. But take care of your entry. When you play options, there is time premium involved, it reduces very fast. You can only make money in options if trend moves in the direction you want & instantly. You should have exited the put when mkt hit 5844, which I had been telling from so many days. That was a trend reversal 1st support & a major one, so definitely you should have realised there would be a bounce. But anyway it's ok take care when you play options in future.

So keep exiting at the major support or resistance levels & replacing it on corrections, because very rarely people make money only buying options on long run. It's slow poison.

But dont worry, try the combinations I give, I dont know if it can help, but make a study & plan your risk before you plunge in the trade.

My best Regards,
Gautham Shashangan

shashangan · Posted: Thu Dec 20, 2012 9:09 am Post subject:

NF likely to open around 5945

High Risk trade - Intra day - Place an order to short Dec @ 5957 Stop 5974

Gautham Shashangan

shashangan · Posted: Thu Dec 20, 2012 9:53 am Post subject:

The call was for the opening but may still hold good, but I shall give a precise entry again when I get a signal, so if required you can cancel or leave it.

Gautham Shashangan

shashangan · Posted: Thu Dec 20, 2012 10:12 am Post subject:

Mkt is holding below 5955, but if mkt gets below 5922 & 5912 in Dec Longs has something to worry, just cautioning, be careful.

For longs to be safe & have hope mkt has to get above 5960 & hold.

Gautham Shashangan

shashangan · Posted: Thu Dec 20, 2012 10:39 am Post subject:

Intra day below 5932 there would be minor stops. It can turn sour for longs.

Let's see. I have a 6000 call for which I have hedged couple of shorts in mini.

Gautham Shashangan

shashangan · Posted: Thu Dec 20, 2012 10:43 am Post subject:

Below 5899 & I feel it could be free fall in Dec to 5835-20.

Gautham Shashangan

shashangan · Posted: Thu Dec 20, 2012 11:23 am Post subject:

They didn't find many stops below 5900. So it will give a breather.

If you are short you can partially place an order to cover at 5895-92 to replace it higher. The mkt is going to get in range till min 12.30.

Gautham Shashangan