iCharts Discussions

shashangan · Posted: Tue Jan 01, 2013 1:38 pm Post subject:

People who dont want to risk can place an order to cover @ 6004-01 & replace short if you get higher.

I dont see any sharp rally for the day any more. Move stop to 6019.

Gautham Shashangan

maddyprincess · White Belt Joined: 15 Nov 2011 Posts: 160

Shan !

Thanks for your effort taken to post your views

I suggest that you should forecast for medium term (weekly & monthly) instead of intraday 10, 15 pts

Maddy

shashangan · Posted: Tue Jan 01, 2013 2:00 pm Post subject:

Sure Maddy, when I see clear trend I do post medium term if you are following my posts.

Also 10-15 pts is min. I have mentioned, Target open, it's the decision of investor if you want to hold, since many people wont have the nerve to hold against the trend, so I give the choice.

I have mentioned Mkt is possibly made the top for the day. You get a chance to do some punting or scalping up & down. Also The main purpose of me posting is not about giving 15-20 pts short call, many people would be long, they would book profit when they see my post. That's the intention. so they dont lose out on their profit. Atleast they got a chance to replace long lower.

So it's two ways, both can benefit. I do go wrong many times, but then different people analyse differently.

Regards,
Gautham Shashangan

rsnerella · White Belt Joined: 30 Jul 2008 Posts: 153

Maddy, if you notice the initial posts of Gautham, forecast is already there.

shashangan · Posted: Tue Jan 01, 2013 3:15 pm Post subject:

Thanks Neserella.

Hope now you understood the call maddy. I had made the call before 1 pm that the mkt is possibly at the top & doubtful of going too higher.

For almost 2 & half hours mkt has been quiet. So the entry was good, because that's the only move it made.

Also reading the top on a running mkt & saying the mkt is at the top when mkt is at the top does require lot of precision & guts, since it's not easy.

Anyway I am stepping out of office. Shall see you guys tomorrow. Will update later in case i find some important cues.

Enjoy your 1st evening.
Gautham Shashangan

shashangan · Posted: Wed Jan 02, 2013 9:00 am Post subject:

Jan likely to open 5975-80.

Anybody carrying yesterday's short can place an order to cover @ open or around 5965 for now.

Gautham Shashangan

shashangan · Posted: Wed Jan 02, 2013 10:17 am Post subject:

Sorry, wrong readings of open. I apologise,

Gautham Shashangan

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

never mind gautham. NS and NF are opening differently over last 3 days due to premium issue.

shashangan · Posted: Wed Jan 02, 2013 12:09 pm Post subject:

High Risk Trade

Place an order to Short Jan @ 6049-52. Stop 6076.

Target open

Gautham Shashangan

shashangan · Posted: Wed Jan 02, 2013 12:51 pm Post subject:

If you dont wanna risk move the stop to 6040 (gamble) or 6053.
or take your decision to exit.

I am not very sure, But mkt may possibly go down to 6000-5990 again.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Jan 02, 2013 2:55 pm Post subject:

Mkt holding, Entering closing phase. If mkt is going down, Selling should start here around 6040-42 max.

A strong break below 6029 will see some selling, a move above 6045 is bad

Gautham Shashangan

shashangan · Posted: Thu Jan 03, 2013 9:04 am Post subject:

Jan may open around 6030-25. I could be wrong because spot is showing above 6015.

6045-5998 Possible Range.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Jan 03, 2013 11:01 am Post subject:

High Risk Intra day -

Place an order to short Jan @ 6040-42. Decide your stop - Tight Stop 6053.

Target open.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Jan 03, 2013 12:27 pm Post subject:

Mkt may be in range of 6033-43 for another half an hour, before giving direction, hopefully down.

Gautham Shashangan

shashangan · Posted: Thu Jan 03, 2013 12:57 pm Post subject:

Intra day players who want to do punting can place an order to buy partially @ 6030-28 & replace it @ 6038 & above if required.

Gautham Shashangan