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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #511 Posted: Mon Dec 24, 2012 9:11 am Post subject: Hi |
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Hi Shashangan,
Market will be closed for tomorrow.
Vishy |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #512 Posted: Mon Dec 24, 2012 9:15 am Post subject: Re: Hi |
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Thanks & greetings for the festive season Vishy
Regards,
Gautham Shashangan
vishyvaranasi wrote: | Hi Shashangan,
Market will be closed for tomorrow.
Vishy |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #513 Posted: Mon Dec 24, 2012 9:42 am Post subject: |
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Sorry about the confusion & for giving shocks for people.
The same trend holds good for Dec futures.
High Risk trade - Place an order to Short Jan @ 5942-49 stop 5974
Min Targets - 5912/5900. I shall update the other possibilities later.
Regards,
Gautham Shashangan
shashangan wrote: | The mkt is broken & closed below a Major TL which it had tried several times. Check the daily chart TL drawn around 5866. It broke that TL on Monday when it tried around 5840, but pulled back totally confusing many people.
So today it has closed below 5866, which has weakened the trend & also making the weekly a bear close. There is no major support if you look back between TL 5866 & 5817. So fall can be big with only small intra day corrections possibly heading to 5782 & 5750 area subsequently after probably a small recovery from 5817.
Before turning up for the target around 6200, though little early to guage an extension to 5680-55 area cannot be ruled out on the lower side. It will unfold in due course based on the strength of the selling sentiment as mkt dips down.
The week's weak close indicates a bear close possibility on December monthly charts, which I have been telling for some time now
The first resistance area is 5866 -72 area. There can be a pull back possibly between 5885-93 area. Selling should start from around this area. If there is an extension, it may try 5900. According to me, a move above 5918 is most unlikely.
Only a sharp rally through 5930 or close a above 5925 is trend reversal.
Check the weekly projection chart I have attached. It's a rough picture of the movements. It need not be accurate nor correct. It's a estimate. I can go totally wrong though. So do your own analysis as well.
The charts are self explanatory. I have given all the explanation, which many analysts wont disclose. Anyway I hope it helps.
My best wishes for the festive season.
Gautham Shashangan
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #514 Posted: Mon Dec 24, 2012 10:19 am Post subject: |
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shashangan wrote: | Sorry about the confusion & for giving shocks for people.
High Risk trade - Place an order to Short Jan @ 5942-49 stop 5974
Min Targets - 5912/5900. I shall update the other possibilities later.
The same trend holds good for Dec futures as mentioned below on Friday.
They may try pushing Dec below 5845-41, to check if they can fish some new stops to take it lower.
Regards,
Gautham Shashangan
shashangan wrote: | The mkt is broken & closed below a Major TL which it had tried several times. Check the daily chart TL drawn around 5866. It broke that TL on Monday when it tried around 5840, but pulled back totally confusing many people.
So today it has closed below 5866, which has weakened the trend & also making the weekly a bear close. There is no major support if you look back between TL 5866 & 5817. So fall can be big with only small intra day corrections possibly heading to 5782 & 5750 area subsequently after probably a small recovery from 5817.
Before turning up for the target around 6200, though little early to guage an extension to 5680-55 area cannot be ruled out on the lower side. It will unfold in due course based on the strength of the selling sentiment as mkt dips down.
The week's weak close indicates a bear close possibility on December monthly charts, which I have been telling for some time now
The first resistance area is 5866 -72 area. There can be a pull back possibly between 5885-93 area. Selling should start from around this area. If there is an extension, it may try 5900. According to me, a move above 5918 is most unlikely.
Only a sharp rally through 5930 or close a above 5925 is trend reversal.
Check the weekly projection chart I have attached. It's a rough picture of the movements. It need not be accurate nor correct. It's a estimate. I can go totally wrong though. So do your own analysis as well.
The charts are self explanatory. I have given all the explanation, which many analysts wont disclose. Anyway I hope it helps.
My best wishes for the festive season.
Gautham Shashangan
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #515 Posted: Mon Dec 24, 2012 12:17 pm Post subject: |
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Mkt may try to reverse from 5969-72 max to break lows towards the 5845-42 area. We need to see if it can break through & find stops.
Possible range if it doesn't break -Dec 5842-5891 till 14:30 hrs.
Gautham Shashangan |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #516 Posted: Mon Dec 24, 2012 1:41 pm Post subject: |
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Short Dec @ 5872-74 Stop 5889
Min Target 5845-42
Gautham Shashangan |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #517 Posted: Mon Dec 24, 2012 2:36 pm Post subject: |
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Intra day players can cover shorts others partially to replace higher @ 5855-52 Dec. Mkt holding, so shall see later
Gautham Shashangan
shashangan wrote: | Short Dec @ 5872-74 Stop 5889
Min Target 5845-42
Gautham Shashangan |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #518 Posted: Mon Dec 24, 2012 2:43 pm Post subject: |
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If you didn't exit & still holding cover at 5864 or mkt. We will see later.
Gautham Shashangan
shashangan wrote: | Intra day players can cover shorts others partially to replace higher @ 5855-52 Dec. Mkt holding, so shall see later
Gautham Shashangan
shashangan wrote: | Short Dec @ 5872-74 Stop 5889
Min Target 5845-42
Gautham Shashangan |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #519 Posted: Mon Dec 24, 2012 2:59 pm Post subject: |
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Sorry the moves slightly confusing
High risk - Strictly Intra day
Place an order to short Dec @ 5867-69 with Tight Stop 5879 or 5894.
Target open.
Gautham Shashangan |
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humble White Belt
Joined: 12 Nov 2012 Posts: 29
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Post: #520 Posted: Mon Dec 24, 2012 3:00 pm Post subject: |
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Shorted 5860 SL pass 5863.
Long @ 5863 SL 5859
NR7 day.
Last edited by humble on Mon Dec 24, 2012 3:03 pm; edited 1 time in total |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #521 Posted: Mon Dec 24, 2012 3:02 pm Post subject: |
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risky to short at 3pm |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #522 Posted: Mon Dec 24, 2012 3:06 pm Post subject: |
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True
That's reason I mentioned High Risk trade & also given a tight stop. When I say High Risk play mini or stay out if you only want to win.
& like always cover you position when you see profit or before close.
lets see
Gautham Shashangan
vinay28 wrote: | risky to short at 3pm |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #523 Posted: Mon Dec 24, 2012 3:09 pm Post subject: |
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Careful, you cant always go right with such tight stops, unless you are accurate to read top & bottom.
Gautham Shashangan
humble wrote: | Shorted 5860 SL pass 5863.
Long @ 5863 SL 5859
NR7 day. |
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humble White Belt
Joined: 12 Nov 2012 Posts: 29
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Post: #524 Posted: Mon Dec 24, 2012 3:15 pm Post subject: |
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We know Support & Resistances, we dont know whether they hold or Break! Thats why one Short one long with Tight SL.
shashangan wrote: | Careful, you cant always go right with such tight stops, unless you are accurate to read top & bottom.
Gautham Shashangan
humble wrote: | Shorted 5860 SL pass 5863.
Long @ 5863 SL 5859
NR7 day. |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #525 Posted: Mon Dec 24, 2012 3:24 pm Post subject: |
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Cover shorts if you dont wanna risk @ the level you feel right. Only people who want to risk can hold till 15:28
Gautham Shashangan
shashangan wrote: | Sorry the moves slightly confusing
High risk - Strictly Intra day
Place an order to short Dec @ 5867-69 with Tight Stop 5879 or 5894.
Target open.
Gautham Shashangan |
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