iCharts Discussions

shashangan · Posted: Wed Feb 27, 2013 2:58 pm Post subject:

If high breaks in next 10 min.s March Nifty may try 5860 before close followed by 5890 & 5902 by tomorrow.

Thanks
Gautham Shashangan

shashangan · Posted: Wed Feb 27, 2013 3:11 pm Post subject:

Like I had stated before, this is the area of hot tandoor, where there can be merry making swings by punters to trap both shorts & longs to make a Tandoori fry of all intra day players.

Why I am stating this again is, I dont rule out one more round of hammering to lows to trigger stops & to make everyone believe the long term bear trend is on.

Though not necessary, I am prepared for it, so again just a caution. I am bullish even if it tests the low again. Just giving you the picture of the mind game. So be prepared for a Bheja Fry.

Thanks
Gautham Shashangan

shashangan · Posted: Wed Feb 27, 2013 3:15 pm Post subject:

Bought back one March again at 5824.20

Regards,
Gautham Shashangan

shashangan · Posted: Thu Feb 28, 2013 9:02 am Post subject:

I know many people would not have had the guts to go long or hold your longs due to Budget.

But anyway Mkt is opening with a gap possibly around 5870-75. If you are not comfortable with budget, book your longs @ the opening.

I am leaving out of town by noon. I wont be there till 5th March.

Good luck
Gautham Shashangan

[quote="shashangan"]Bought back one March again at 5824.20

Regards,
Gautham Shashangan[/quote]

shashangan · Posted: Thu Feb 28, 2013 9:43 am Post subject:

Was Holding 2 Longs @ 5821.10 & 5824.20

Sold both my Longs @ 5864.90

Sold my March 6100 call @ 22.90

Now holding only one 6200 call of April

Shall buy back again a little lower.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Feb 28, 2013 10:01 am Post subject:

Bought back one March Nifty @ 5847.60.

I dont want to give any calls, because there is news & since I won't be there for a week, So if you are confident go ahead.

I want to stay long at least one contract for my long term target.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Feb 28, 2013 11:49 am Post subject:

Bought another lot @ 5823.10 in March

& also replaced March 6100 call @ 9.00 Buy.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Feb 28, 2013 12:53 pm Post subject:

You can Place an order to Buy March Nifty between 5772-68 & March 6100 Call @ 7.50 & below.

Good luck
Gautham Shashangan

shashangan · Posted: Wed Mar 06, 2013 9:12 am Post subject:

Good Morning,

March Nifty likely to open around 5820-25. If you have lower buys & multiple lots, book profits partially at open to replace lower.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Mar 06, 2013 11:21 am Post subject:

I have booked my one lot @ 5833.10. I shall replace it a little lower, if i get.

I had added one 5900 Call of March @ 27 on Monday.

So now holding one future & 3 Call option Long( one 5900, one 6100 March & one 6200 April).

Regards,
Gautham Shashangan

shashangan · Posted: Wed Mar 06, 2013 11:53 am Post subject:

Booked my 5900 call Buy of 27 @ 43.90.

I have booked my one long & one call since like everybody knows, it needs a lot of courage to hold your position for long term. I am a small investor & I wont lie I did get worried when mkt was near 5700 & was regretting I took my entries a little early, so dont want to hold too many positions, though I was & am very confident of my view.

Luckily I was engaged in a training program for full day yesterday & day before, so it helped me escape the swings in the Blood pressure.

I still have one future & 2 call options Long.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Mar 07, 2013 9:19 am Post subject:

Bought back one March Nifty @ 5823.60. May be slightly down to side ways for some time.

Regards,
Gautham Shashangan

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

Gautham, don't you think 5775/50NF is possible in this downmove?

shashangan · Posted: Thu Mar 07, 2013 10:22 am Post subject:

I am not very sure, but may be around 5808 March could be a possibility. But if mkt holds here, it could take a turn again for a fresh up move.

It needs to get below 5819 & hold to slow down the upside & also for a small down move for intra day.

But overall I feel mkt is definitely up, even if it comes down, Even Dow & Nasdaq a little more upside left according to me.

Regards,
Gautham Shashangan

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

are you basing your judgement of nifty on dow/nasdaq? There is a huge -ve div on rsi on dow.