iCharts Discussions

shashangan · Posted: Thu Mar 14, 2013 11:26 am Post subject:

There is a possibility Nifty can try & take a turn for one more low from near 5865+ region. It may go up post 1 Pm.

I could be wrong.

Regards
Gautham Shashangan

shashangan · Posted: Thu Mar 14, 2013 11:51 am Post subject:

Mkt trying to confuse intra day moves, but showing positive strength. It's a good sign for longs, mkt didn't take a turn from 5965-70 region like I thought downwards.

Anyway for now NF 5865 - 5900+ min. could be the possible range till 12.30.

Gautham Shashangan

shashangan · Posted: Thu Mar 14, 2013 12:14 pm Post subject:

Booked my Long NF @ 5901.90

Booked my April 6200 Call @ 21.90.

Holding only March 6100 call now.

Shall replace it lower if I get.

Thanks
Gautham Shashangan

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

shashangan · Posted: Thu Mar 14, 2013 12:24 pm Post subject:

Mkt is up overall. I am still bullish like i mentioned. I booked my positions, since it puts you off when it goes far against what you thought.

Normal human tendency. I also panic, since I am also human, So will take back the entry once it becomes more clear. My first objective is not to make losses if not profit.

I generally go wrong when mkt starts following news & it disturbs the flow, but majority times news only affects the short term move.

Anyway a sigh of relief at the moment for me.. Will take back my long soon. At the moment content with the one call option I have.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Mar 14, 2013 1:22 pm Post subject:

Veenu, what have you done with your Larsen. Just was tracking what happened to LT, I am surprised my call was almost right. 1479 was low.

Gautham Shashangan

shashangan · Posted: Thu Mar 14, 2013 1:39 pm Post subject:

Mkt can make one more high around 5940 NF & it can hold the high for at least an hour.

Range 5903-44 max till 2.15 pm, after which correction down to 5895 region approx & possibly up to close strong post 3 pm. Still early, just a guess.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Mar 14, 2013 2:04 pm Post subject:

Booked my March 6100 Call @ 13.90

Shall replace lower. All positions closed.

Gautham Shashangan

shashangan · Posted: Fri Mar 15, 2013 11:02 am Post subject:

Placed an order to Buy one NF @ 5914.60

Placed an order to Buy one March 6100 Call @ 10.30

Regards,
Gautham Shashangan

shashangan · Posted: Fri Mar 15, 2013 11:14 am Post subject:

Strictly Intra day - Place an order to Buy NF @ 5907.60 stop 5883

Target - Min 5965 for today. Around 6078-80 by Tuesday

Positional stop is 5855

Bank Nifty Min Target - 12195-200 Today spot.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Mar 15, 2013 11:39 am Post subject:

If anybody placed an order & Bought along with me, You can place a Trailing stop @ 5917.90, just in case you are scared to risk.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Mar 15, 2013 12:26 pm Post subject:

Mkt looked little uncertain, that's reason I said to place a trailing stop, anyway don't worry, it is good since we will get lower price to buy again.

Want to watch for sometime. The intra day moves still not very clear to me.

Thanks
Gautham Shashangan

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

shashangan · Posted: Fri Mar 15, 2013 2:44 pm Post subject:

Yes Taxman, you can buy @ 5897 NF with Stop 5879.

Regards,
Gautham Shashangan

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