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Nifty Analysis
Goto page Previous  1, 2, 3 ... 34, 35, 36 ... 127, 128, 129  Next
 
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Author Nifty Analysis
vishyvaranasi
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Joined: 11 Jul 2011
Posts: 1159

Post: #511   PostPosted: Mon Dec 24, 2012 9:11 am    Post subject: Hi Reply with quote

Hi Shashangan,

Market will be closed for tomorrow.

Vishy
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shashangan
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #512   PostPosted: Mon Dec 24, 2012 9:15 am    Post subject: Re: Hi Reply with quote

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
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #513   PostPosted: Mon Dec 24, 2012 9:42 am    Post subject: Reply with quote

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
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #514   PostPosted: Mon Dec 24, 2012 10:19 am    Post subject: Reply with quote

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
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #515   PostPosted: Mon Dec 24, 2012 12:17 pm    Post subject: Reply with quote

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
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #516   PostPosted: Mon Dec 24, 2012 1:41 pm    Post subject: Reply with quote

Short Dec @ 5872-74 Stop 5889

Min Target 5845-42

Gautham Shashangan
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shashangan
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #517   PostPosted: Mon Dec 24, 2012 2:36 pm    Post subject: Reply with quote

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
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #518   PostPosted: Mon Dec 24, 2012 2:43 pm    Post subject: Reply with quote

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
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #519   PostPosted: Mon Dec 24, 2012 2:59 pm    Post subject: Reply with quote

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
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Joined: 12 Nov 2012
Posts: 29

Post: #520   PostPosted: Mon Dec 24, 2012 3:00 pm    Post subject: Reply with quote

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
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Joined: 24 Dec 2010
Posts: 11748

Post: #521   PostPosted: Mon Dec 24, 2012 3:02 pm    Post subject: Reply with quote

risky to short at 3pm
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shashangan
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #522   PostPosted: Mon Dec 24, 2012 3:06 pm    Post subject: Reply with quote

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
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #523   PostPosted: Mon Dec 24, 2012 3:09 pm    Post subject: Reply with quote

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
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Joined: 12 Nov 2012
Posts: 29

Post: #524   PostPosted: Mon Dec 24, 2012 3:15 pm    Post subject: Reply with quote

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.


artist
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shashangan
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Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore

Post: #525   PostPosted: Mon Dec 24, 2012 3:24 pm    Post subject: Reply with quote

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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