iCharts Discussions

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

gautham, do you have 6072NF as a possible no. today?

shashangan · Posted: Thu Jan 10, 2013 9:00 am Post subject:

Need to watch for now. There could be a possibility may be later part of day.
But again I feel even if it goes up, around 6065 heavy selling should be there.

Gautham Shashangan

kalpana09 · White Belt Joined: 29 Nov 2012 Posts: 8

no diesel price hike?

gautham ur view please

http://www.moneycontrol.com/news/market-outlook/can-govt-push-through-diesel-price-hike-tall-order-ubs_804144.html

shashangan · Posted: Thu Jan 10, 2013 10:01 am Post subject:

Shorts can cover to Replace higher.

Strictly Intra day High Risk trade -

People who want to Long can place an order to buy Jan @ 6013-10 Stop 5997.

Regards
Gautham Shashangan

shashangan · Posted: Thu Jan 10, 2013 10:39 am Post subject:

View?? On Nifty or Gov.t or people or future of diesel.

Though I dont trade in crude. In general crude is in a short term up trend internationally. So if they dont hike now, it will come in soon. The risk is if crude breaks 100.50 in $ terms it's a big rally.

For now it looks like it will try around 99$ if you are asking the trend. CMP 93.45.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Jan 10, 2013 11:06 am Post subject:

But I dont understand the economists of our country. There are ways to keep oil prices fixed for the lay man.

There is no need of Gov.t to hike petrol & diesel prices if they have a good analyst who will study the trend & take necessary steps.

I feel I can control our country's oil prices. If I am in the advisory panel or ministry of finance, I would keep the petrol prices fixed at probably around 50Rs or even 40 Rs., irrespective of up or down movements in the trend.

It's simple, what ever your physical imports you hedge at least 40-60% of the import quantity in the New york or international futures mkt. This has to be done at the bottom by buying in futures. Eg: I could pick the bottom around 78-77$ when it recently tested there. It had tested 35 from the 147 highs in 2008.

The Govt should have hedged their total imports on paper below 40. Eg' If we are importing 1 mln barrels we buy 1 mln barrel equivalent on paper by keeping the margin money. So if prices go up, even though they pay more physically, the gov.t is making the money on paper. So at any point their risk is balanced. Only loss they have is the transaction cost.

Anyway there is risk & room for little speculation. The country will be depending on the analyst who can bring down the whole country if he somewhere loses his mind or becomes adventurous, like how Barings Bank of U.K was brought down or if you read the story of Nick Leeson. But if it's monitored I think there is no problem.

I hope we get some smart people in the central, these kind of policies will take our economy soaring beyond China or any developed country, because we pay one of the highest for oil comparatively. And everything is affected if oil price goes up.

You got what I explained. Hope it's not confusing.

Anyway just sharing my thought. At times even I think, One day if i have support & time, I will also stand up like Anna Hazare & Arvind Kejriwal & fight for a better country.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Jan 10, 2013 11:18 am Post subject:

Nifty may go up but I am not feeling very comfortable with the buys. So I suggest kindly exit at break even & we will wait for the top & rather short.

Gautham Shashangan

rishveer · White Belt Joined: 15 Mar 2012 Posts: 105

shashangan · Posted: Thu Jan 10, 2013 11:34 am Post subject:

Thanks Rish

And sorry it was Barings Bank not Bank of England. It was one of the respected & oldest Bank in the U.K. One person brought down a giant. That's one danger in speculation.

I think if you get a hand on his book Rogue Trading you should read it.

Regards,
Gautham Shashangan

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

shashangan · Posted: Thu Jan 10, 2013 1:56 pm Post subject:

For intra day may be, but I am overall bearish so I wouldn't buy a call. I would rather wait & short.

As of now it looks like going a little more down probably. Jan may see some buying at 5975. I can confirm the same as I see the intra day bottom or when some buying interest coming in.

That's my view. Take you call on buying the call.

Thanks,
Gautham Shashangan

shashangan · Posted: Thu Jan 10, 2013 2:12 pm Post subject:

Jan may possibly hold here & make a small recovery from 5983-80 region for now.

If I am not wrong, It could come back to break the low again by 3 pm, we need to see the buying interest what comes in around that time.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Jan 11, 2013 8:51 am Post subject:

NF likely to open around 5995-6000

Gautham Shashangan

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

may be higher due to good infosys results and guidance but we may also see NS opening up with a higher gap than NF to kill high premium, which is still at 35.

shashangan · Posted: Fri Jan 11, 2013 9:11 am Post subject:

Oh Ok. I didnt know that. Thanks for keeping me informed Vinay.

Then Let's see if it can break high today like you asked. It has also tried twice near 5983. So it has made a small support there for now. And also luckily I am also a bit confused of where to give the entry, so holding back on giving entry though I am still overall bearish.

Thanks
Gautham Shashangan