iCharts Discussions

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

Gautham, NS closed at 5825/80 on 29th and 30th Nov. Which one are you seeing? For today or 31st Dec?

shashangan · Posted: Thu Dec 27, 2012 10:12 am Post subject:

If I am not wrong NS can try 5921-26 max on the highs today & see selling to try below 5900 probably 5880 & close around 5890-99, followed by a test of around 5850 on Monday.

It's just a wild guess, I need to sit & study everything to be more accurate, just stuck with lot of work due to a couple of my staff absent for new year.

I want the mkt to close bear for today & Monday, but I am not very sure. Let's see.

Gautham Shashangan

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

I have my own doubts about Dec closing -ve. Afterall, fund managers have to earn fat bonuses. Smile

shashangan · Posted: Thu Dec 27, 2012 10:42 am Post subject:

There is a possibility of some buys coming in @ 5955-53 for Jan.

Let's see how far they can take it up.

Gautham Shashangan

shashangan · Posted: Thu Dec 27, 2012 11:06 am Post subject:

Bonuses depends on performance & their portfolio status, not necessary where mkt closes. If I am a Fund Manager where mkt is wont worry, How I perform with the portfolio whether mkt goes up or down is what I will look at.

Gautham Shashangan

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

no Gautham, their bonuse depends on NAV by end of year.

shashangan · Posted: Thu Dec 27, 2012 11:28 am Post subject:

True. That's the story of many fund managers in India. But a good fund manager should not hope for mkt.s to close higher for him/her to do well. That way anybody can do Portfolio mgt. What I say is a good fund manager is someone who can be consistent in all trends, whether bullish mkt or bearish mkt.

I play stocks over trend not worrying yearly close. I have been a fund manager once & the approach to my portfolio mgt is different from normal portfolio managers.

I book profits irrespective of what month or period the mkt is in. Like I have been booking my stock portfolio from Oct slowly little by little & am waiting for Feb March to book 80-90% of my stock portfolio.

How much returns you give to investors consistently is imp.t not how markets perform. So I dont believe in yearly close.

Regards,
Gautham Shashangan

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

you are right gautham but ultimately they will decide where market will go to satisfy for their ulterior motives.

shashangan · Posted: Thu Dec 27, 2012 12:25 pm Post subject:

Jan may hold here till 1 pm. The mkt will give a correction up from 5949-47 to 5960 area. Need to see if it will reverse from 5960-65 to break lows again before 2 pm.

Let's see

Gautham Shashangan

shashangan · Posted: Thu Dec 27, 2012 1:33 pm Post subject:

Mkt is sideways to down till 14:30. Lower side 5935-28 area for Jan.

Gautham Shashangan

shashangan · Posted: Thu Dec 27, 2012 2:33 pm Post subject:

I suspect one more low hopefully before 15:00 hrs. Not very sure though.

Gautham Shashangan

shashangan · Posted: Thu Dec 27, 2012 3:13 pm Post subject:

Some profit booking of shorts & buying is happening, But near closing I dont know if the small timers have the guts & strength to buy & hold, unless big boys prefer to cover for the day

Wise thing for intra day players is, if you short cover it below 5930 to be safe.

Gautham Shashangan

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

Bought 5900 Jan Put @68 SL 65
Sold @ 78

shashangan · Posted: Thu Dec 27, 2012 3:31 pm Post subject:

So far so good. We shall see tomorrow & Monday, what happens.

I want Jan to close below 5910 on Monday. Let's see

Regards,
Gautham Shashangan

shashangan · Posted: Thu Dec 27, 2012 3:32 pm Post subject:

Good humble, I am happy for you. Keep it going.

Gautham Shashangan