iCharts Discussions

shashangan · Posted: Mon Feb 25, 2013 3:29 pm Post subject:

Near 5820 area had to give support, so 5822 low justified. The mkt definitely is trying to confuse both bulls & bears.
According to me for now mkt is sideways to down for a while. 5841 is the min. target which may hold for some time possibly.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Feb 25, 2013 3:38 pm Post subject:

Oops! So hectic at office didn't realise Mkt is closed. Was wondering why mkt not moving.

Sorry

Regards,
Gautham Shashangan

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

shashangan · Posted: Mon Feb 25, 2013 5:37 pm Post subject:

I am not sure about the movements on budget news. The next few moves can be erratic. They can try to trap both short & long Intra day players to make a good Tandoori fry of them.

Though my targets are little lower, technically according to me it's indicating very near bottom & reversal any moment. It's possibly going to take a turn for a massive run up to 6165 / 6200 area by April.

It's better not to carry shorts overnight from here. Better to wait for down move & Buy on dips & hold on to Longs patiently. But Play with discipline, play minimum. Dont panic on dips, it will recover & 5970-85 area would be the first target non stop on reversal. You can also buy 6100 & 6200 calls when its falling & near support, if you want to play my game. Also I would buy any gap down opening at the opening Bell. (New Low).

But again it's my view, do your own analysis, I can be wrong too.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Feb 26, 2013 9:30 am Post subject:

The mkt is sideways to down till min 10.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Feb 26, 2013 10:02 am Post subject:

You can place an order to Buy @ 5809-06 for now. Intra day players can stay out who can't risk.

Medium to Long term players Buy intra day new low in the March contract.

I dont know budget wild moves & stops. People who can risk can enter.

Bank NIfty - 11900-890 Buy.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Feb 26, 2013 12:28 pm Post subject:

Bought March @ 5833.60 & added one more @ 5821.10.

Bought 6100 March call @ 21.60
Bought 6200 April Call @ 28.70

Intra day players can buy @ 5821-15 with stop 5797 March.

Play Minimum, Play Cautious. Do your Analysis. Good luck.

Regards,
Gautham Shashangan

Vikas91 · White Belt Joined: 28 Nov 2012 Posts: 140

shashangan · Posted: Tue Feb 26, 2013 3:28 pm Post subject:

Almost all my Targets Predicted is Achieved. Most Analysts would be giving sell calls now. Just I was waiting for one Monthly bear close to start buying, which is happening for Feb month.

Though I expected mkt to test these levels quite some time ago, Today I bought a little early because I have been a bear for last few months & it has been a test of patience. I was also irritated around 6050-6100 area when I was short around 6065 & mkt was trying to confuse. So I took my entry & didn't see it for a month almost. Possibly must be the very few persons saying with authority that the mkt will go on to break the new highs again. But like I had mentioned I feel mkt is just around a bottom to reverse. I will am patient & dont see any reason to panic as of now. But as usual I mention, I can be wrong.

But let's see if I come right. My buys are long term, since I am going out of town on 28th afternoon for a week, so didnt want to miss this move. I dont want to get confused or irritated, so feel good I am going out of town, since it will get on my nerves If I watch the mkt from here continuously.

Well again I say, it's my analysis, dont confuse your reading with mine. Stick to what you believe. Good luck

Thanks
Gautham Shashangan

shashangan · Posted: Tue Feb 26, 2013 3:53 pm Post subject:

Play Minimum. If you have buys near or below 5800 March, no need to panic. Have patience. Don't average. Keep 100-150 points buffer & forget it. Dont watch mkt if you tend to exit with small profit.

The target according to me is 6165 / 6200 by April 2013. If there is any deviation in the mkt & my view shall update.

I am confident, But do your analysis, since the profits you make from my calls would be yours so would be the losses.

Thanks & Good luck
Gautham Shashangan

shashangan · Posted: Tue Feb 26, 2013 10:18 pm Post subject:

Hello Vikas,

Sorry didn't see your msg. For short term 5740 could be stop loss. For long term 100-150 points you should have cushion, since it's a 400 point up move I am expecting.

Good luck
Gautham Shashangan

shashangan · Posted: Wed Feb 27, 2013 11:21 am Post subject:

Feb Tested 5748- Last target also achieved. Waiting for my move. Hope I come right. Good luck.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Feb 27, 2013 12:36 pm Post subject:

There is a small possibility of a small intra day correction here form 5823+ area for March.

Gautham Shashangan

shashangan · Posted: Wed Feb 27, 2013 1:24 pm Post subject:

Gaadi ruk ruk ke jaayege. Lekin Upar.

Ek aur correction around 5835 se, slightly bigger than previous, but intraday. Say 15-20 points roughly from the high. It can hold for a little while i think, It's intra day, so not very sure. Overall up

Regards,
Gautham Shashangan

shashangan · Posted: Wed Feb 27, 2013 1:46 pm Post subject:

Intra day players can place an order to book their March Longs around 5842-46 region. Others can book partial profit to replace lower. There can be a small correction & mkt may hold the high for an hour at least. I could be wrong though

I have booked my 5833.60 buy @ 5842.90. I will replace it again a little lower if i get. Holding 5821.10 Long term.

Good luck
Gautham Shashangan