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Nifty Analysis |
pkveenu White Belt
Joined: 21 Apr 2009 Posts: 106
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Post: #736 Posted: Thu Feb 21, 2013 9:55 am Post subject: gautham shashangan nifty analysis |
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hi gautham
can u pls write some movements in bank nifty
regards |
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manojkr78 Green Belt
Joined: 07 Mar 2011 Posts: 1014
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Post: #737 Posted: Thu Feb 21, 2013 11:02 am Post subject: |
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Gautham,
Any levels for nifty to buy for today.
Manoj |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #738 Posted: Thu Feb 21, 2013 12:04 pm Post subject: |
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There could be a small correction from 5898- 5895 region for intra day I think.
regards,
Gautham Shashangan
manojkr78 wrote: | Gautham,
Any levels for nifty to buy for today.
Manoj |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #739 Posted: Thu Feb 21, 2013 1:34 pm Post subject: |
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The mkt may give a small intra day correction from around 5870.
Regards,
Gautham Shashangan
shashangan wrote: | Call given on Feb 17th
Hello friends,
Just got back to Bangalore on Friday. Was away for almost a month. Could not track mkt closely, but was noticing the developments in between.
But anyway at last the correction down I have been expecting from 2 months has finally come.
Did a quick analysis.
I think the mkt can pull up a bit to correct the present down trend to 5965 region which could give some stiff resistance. If upside extends, Mkt may try around 6000 region max. Be prepared to short from around 5965 NF. When mkt gets there, I shall update the top in case I am watching the mkt. Once selling resumes mkt can target around 5745 region & 5720 if it extends a bit.
There can be intermediate pauses around 5820 & 5775.
Cautioning in Advance - Though little early to say, Be careful as mkt nears 5750 with any Short positions. People will turn bearish & give all justifications with budget for a big bear trend. The mkt will again resume uptrend to go on to break the previous highs. Min target would be 6165 by April from 5745 or a little below.
Just settling down from my trip. will take a few days. I will study the trend little more in detail slowly. Kindly do your analysis as well.
Play cautiously.
Thanks & Regards,
Gautham Shashangan
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Last edited by shashangan on Thu Feb 21, 2013 2:51 pm; edited 1 time in total |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #740 Posted: Thu Feb 21, 2013 2:01 pm Post subject: Re: gautham shashangan nifty analysis |
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Hello Veenu,
I dont trade or track Bank Nifty. But I was trying to understand the chart. The trend is not very clear to me, but if down trend, the target could be just below 12100.
Yesterday's closing 12363.70
You can always ask me again, if you need my view, I shall check & tell what I feel.
Thanks
Gautham Shashangan
pkveenu wrote: | hi gautham
can u pls write some movements in bank nifty
regards |
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manojkc71 White Belt
Joined: 22 Jan 2010 Posts: 10
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Post: #741 Posted: Thu Feb 21, 2013 2:25 pm Post subject: |
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shashangan wrote: | There could be a small correction from 5898- 5895 region for intra day I think.
regards,
Gautham Shashangan
manojkr78 wrote: | Gautham,
Any levels for nifty to buy for today.
Manoj |
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Hi Gautam,
Can we start fresh short from here .What is NS eod level ( for today) for initiatiting fresh short.
Regards
Manoj |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #742 Posted: Thu Feb 21, 2013 2:46 pm Post subject: |
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I am a bottom & top picker. I generally dont take entries if i miss the bottom or top. If I miss it I wait for a good correction & pick the correction bottom or top. But for now may be If you get 5878-85 NS could be a good short.
Thanks
Gautham Shashangan |
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pkveenu White Belt
Joined: 21 Apr 2009 Posts: 106
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Post: #743 Posted: Thu Feb 21, 2013 3:03 pm Post subject: Re: gautham shashangan nifty analysis |
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shashangan wrote: | Hello Veenu,
I dont trade or track Bank Nifty. But I was trying to understand the chart. The trend is not very clear to me, but if down trend, the target could be just below 12100.
Yesterday's closing 12363.70
You can always ask me again, if you need my view, I shall check & tell what I feel.
Thanks
Gautham Shashangan
pkveenu wrote: | hi gautham
hi gautham
thanks
the target for banknifty just below 12100 achieved
real great
your study is
what next could be breakdown or pause then up
pls guide
regards
can u pls write some movements in bank nifty
regards |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #744 Posted: Thu Feb 21, 2013 5:17 pm Post subject: Re: gautham shashangan nifty analysis |
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Sorry was out of office,
but that's surprising, that's the 1st call I ever made on Bank Nifty. Let me study it, I shall try & post what I understand later.
Thanks
Gautham Shashangan
pkveenu wrote: |
hi gautham
thanks
the target for banknifty just below 12100 achieved
real great
your study is
what next could be breakdown or pause then up
pls guide
regards
can u pls write some movements in bank nifty
regards |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #745 Posted: Thu Feb 21, 2013 6:35 pm Post subject: Re: gautham shashangan nifty analysis |
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Closing 12055.50
If I am not wrong 11895-860 area is the immediate target followed by 11510.
Upside 12280 - 12300 area should see some stiff resistance if it pulls back, possibly the area to short.
Thanks
Gautham Shashangan
pkveenu wrote: |
hi gautham
thanks
the target for banknifty just below 12100 achieved
real great
your study is
what next could be breakdown or pause then up
pls guide
regards
can u pls write some movements in bank nifty
regards |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #746 Posted: Fri Feb 22, 2013 1:21 pm Post subject: |
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NF - There could be some selling from around 5870-74 region.
Expecting 5820 by Monday hopefully. I could be wrong though.
Stops may be above 5894. Play minimum, play cautiously.
I think 12110 could be shorted in Bank Nifty for now. Not sure of Stop, May be just above 12170. I dont have good charts for Bank Nifty. The price is showing around 12095 now.
Thanks
Gautham Shashangan |
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Vikas91 White Belt
Joined: 28 Nov 2012 Posts: 140
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Post: #747 Posted: Fri Feb 22, 2013 2:07 pm Post subject: |
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NF 5874 made high just now.Let wait and see what happens ! |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #748 Posted: Fri Feb 22, 2013 2:13 pm Post subject: |
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Yes I am watching, let's see.
I may be stepping out possibly by 3 if i have a client meet.
Hope it falls. It's dicey though.
Thanks
Gautham Shashangan |
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Vikas91 White Belt
Joined: 28 Nov 2012 Posts: 140
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Post: #749 Posted: Fri Feb 22, 2013 3:08 pm Post subject: |
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NF 5854 |
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shashangan Green Belt
Joined: 12 Jun 2007 Posts: 1321 Location: Bangalore
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Post: #750 Posted: Fri Feb 22, 2013 5:51 pm Post subject: |
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Had gone out for meeting. Dropped as expected. Let's see if the slide will continue next week.
Regards,
Gautham Shashangan
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